Hansapank                     FINANCIAL RESULTS                 02/27/2002



HANSA CAPITAL GROUP'S FINANCIAL RESULTS, 2001



Consolidated, unaudited

                                    31.12.01  Pro-forma   31.12.00

                                              31.12.01 *

At year end (in millions of Euros)                                

Total assets                           980.1    1,180.5      817.7

Financial investments                  848.5    1,028.8      700.6

  Leasing                              683.3      806.9      566.6

  Factoring                            100.8      133.9       89.1

  Loans                                 27.2       48.3       26.9

  Assignment                             4.8        6.5        6.8

  Consumer financing                    32.4       33.3       11.2

Allowance for doubtful receivables     -18.8      -21.2      -21.9

Loan liabilities                       868.0    1,052.1      721.4

Owners' equity                          55.0       55.0       49.2

For the year (in millions of                                      

Euros)

Net interest income                     43.5       44.3       31.0

Net commission income                   13.8       14.0       10.3

Net other operating income               6.0        6.1        4.3

Total revenue                           63.4       64.4       45.6

Net profit                              46.3       46.3       25.3

Performance ratios (percentage)                                   

NIM (net interest margin)              4.81%      4.45%      4.86%

ROA (return on assets)                 5.12%      4.45%      3.96%

ROE (return on operating equity*)     35.40%     35.96%     24.57%

Interest yield on average assets      10.80%      9.94%     10.93%

Cost-income ratio before              25.85%     24.61%     31.74%

provisions

Risk expense**                        -0.04%      0.40%      0.50%

EVA                                      n/a       17.8        8.2

Number of employees                      432        524        412



*  Pro-forma  figures for 2001  also  include  the assets,  liabilities 

and economic results  of  SIA Hanza  Lizings,  which is not legally  a  

part  of Hansa  Capital Group from November  2001,  but  is

organisationally still managed by Hansa Capital.

**  Return  on  operating equity =  net  income  /(Group's average 

risk-weighted assets x 15%)

***  Risk  expense  = (written-off  receivables - recovered   

receivables)/average portfolio of financial investments





The volume of financial investments under the management of Hansa

Capital Group (hereinafter the Group) increased during the year by

328.4 million Euros (46.9%) to 1,028.8 million Euros (16 097,7 million

kroons).



Due to the sale of the Latvian subsidiary SIA Hanza Lizings in

November 2001 to Hansabanka, Hansa Capital Group's financial

investments increased by 147.9 million Euros. Considering that the

management of SIA Hanza Lizings remained to Hansa Capital Group

regardless of the change in the ownership, all data in this report are

inclusive of SIA Hanza Lizings.



The leasing portfolio grew in twelve months by 42.4% and the factoring

portfolio grew by 50.3%. Consumer  financing portfolio almost tripled

(+196.7%).

In the geographical structure of financial investments, Estonia has

still the largest share, accounting for 61.5% of the Group's financial

investments; Estonia is followed by Latvia with 20.2%, Lithuania with

17.5% and other with 0.9%. Compared to the end of 2000, the share of

Lithuania has grown by over 4% and the relative importance of Latvia

has increased by almost 3% over the previous year. The increase in the

share of Lithuania was to a significant extent due to the purchase of

LTB Lizingas.



The most credited sectors as of the end of December were transport

(20.6%), followed by business services (19.5%) and private individuals

(16.2%). In the structure of the leasing portfolio, the first position

in terms of type of asset was held by real estate (28.9%, including

home leasing 10.6% and commercial real estate 18.3%), followed by cars

(25.3%) and production equipment (18.6%). Compared to the end of year

2000 the largest changes were in crediting the purchase of commercial

vehicles, which decreased from 20.5% to 17.7%, and commercial real

estate, which grew from 16.3% to 18.3%.



Hansa Capital's net profit 46,3 million euros (724,4 millions kroons)

had the following structure in terms of countries: Estonia 69.2%,

Latvia 12.3%, Lithuania 18.7%, other -0.2%. In terms of Hansa

Capital's business units, the structure was: Hansa Leasing Estonia

63.6%, Hanza Lizings 13.0%, Hanza Lizingas 16.5%, other -0.2%, Baltic

Car Lease 3.6%, Baltic Realisation Centre 2.5%, Baltic Insurance

Broker 2.4% and Trailway Rental -1.4%.



The Group's leasing market share according to portfolio volume as of

the end of the third quarter was 67.4% in Estonia, 45.9% in Latvia and

47,8% in Lithuania, i.e. 55% on the level of three Baltic countries.

The respective factoring market shares were 60.3% in Estonia, 34% in

Latvia, 58.3% in Lithuania and 51% in the Baltic countries.



Several new products were introduced in the market and functionality

of current products was enhanced over the year - EGO consumer finance

card was launched in cooperation Hansabanka in Latvia, a bonus card

function was added to EGO consumer finance card, office equipment

operating lease was presented in Estonia, a financing program for

renovation of apartment associations was developed in Estonia, a stock

financing product for leasing cooperation partners was presented in

Latvia and Lithuania etc.



The Internet-based "Partner" solution was introduced in the third

quarter both in Estonia and Lithuania, which allows customers to

conclude lease agreements at the car dealers' and customers need not

come to the leasing company for that any longer. As of the end of the

year, "Partner" was installed with 32 cooperation partners. In

cooperation with Hansabank, the factoring service is available through

Telehansa.net from December.



Due to the acquisition of Lietuvos Taupomasis Bankas by Hansabank, the

activity of LTB's leasing company LTB Lizingas was integrated with the

operations of Hanza Lizingas.



Hansa Capital became a full member of the Factors Chain International,

an international organisation uniting factoring companies.





Additional information:

Tarmo Rooteman

Risk Director

Phone +372 6131 494 

E-mail: tarmo.rooteman@hansa.ee





Mart Tõevere

Head of investor relations

+372 6131 569