HANSAPANK

INCOME STATEMENT



CONSOLIDATED UNAUDITED INCOME STATEMENT, 2001



Consolidated Income Statement               EEK               EUR

(in millions, unaudited)               2001     2000     2001     2000

                                                                     

Interest income                     4,604.9  3,389.7    294.3    216.6

Interest expense                   -1,943.3 -1,414.6   -124.2    -90.4

Interest income, net                2,661.6  1,975.1    170.1    126.2

                                                                     

Fee and commission income           1,395.1  1,087.1     89.2     69.5

Fee and commission expense           -306.5   -208.5    -19.6    -13.3

Fees and commissions, net           1,088.6    878.6     69.6     56.2

                                                                     

Net    result   from    financial     559.2    563.4     35.7     36.0

operations

Dividends                              12.5      3.1      0.8      0.2

Net    income   from    insurance      45.6     23.8      2.9      1.5

activities

Other income                          150.9    103.3      9.6      6.6

Total income                        4,518.4  3,547.3    288.7    226.7

                                                                     

Operating expenses                                                   

Personnel expenses                  1,163.7    713.8     74.4     45.6

Data network expenses                 150.0    116.4      9.6      7.4

Administrative expenses               478.5    406.8     30.6     26.0

Other expenses                        557.8    393.9     35.6     25.2

  incl. goodwill amortisation         265.9    206.8     17.0     13.2

Depreciation                          348.1    271.2     22.2     17.3

Total operating expenses            2,698.1  1,902.1    172.4    121.5

Operating      profit      before   1,820.3  1,645.2    116.3    105.2

provisions

Losses on loans and guarantees       -340.9   -494.0    -21.8    -31.6

Recovered loans                       262.5    129.2     16.8      8.3

Profit from associates under  the       8.8      6.8      0.6      0.4

equity method

Operating profit                    1,750.7  1,287.2    111.9     82.3

Extraordinary income/(expense)            -     22.4        -      1.4

Profit before income tax            1,750.7  1,309.6    111.9     83.7

Income tax                            -57.5   -105.0     -3.7     -6.7

Profit after income tax             1,693.2  1,204.6    108.2     77.0

Minority interest                         -     -4.2        -     -0.3

Net profit                          1,693.2  1,200.4    108.2     76.7





Mart Tõevere

Head of investor relations

+372 6131 569