AS OPTIVA PANK

BALANCE SHEET

9/15/99

 

(EEK in thousand, unaudited)

 

                                                                7/31/99              8/31/99

ASSETS

Cash in hand                                                     52,386               69,912

Demand deposits with banks                                      327,068              445,611

Interest-bearing deposits with banks                             81,414                   47

Short-term investments in shares                                  5,179                6,166

Securities purchased under resale agreements                      9,063               14,063

Loans to clients                                              1,973,184            2,005,295

Allowances for loan losses                                     -184,435             -187,515

Net loans                                                     1,788,749            1,817,780

Long-term financial investments in debt securities              697,899              669,426

Long-term financial investments in shares                       100,499              101,201

Tangible assets                                                  14,515               14,105

Intangible assets                                               123,290              121,396

Other assets                                                    109,970               99,456

TOTAL ASSETS                                                  3,310,032            3,359,163

 

LIABILITIES

Current accounts                                                655,321              707,638

Time deposits                                                   392,175              422,147

Loans from banks                                                672,270              643,318

Borrowings from government                                      104,331              105,969

Debts evidenced by certificates                                 724,471              727,046

Clearing accounts                                               153,605              156,756

Other liabilities                                                66,670               54,118

Subordinated debt                                               194,500              194,500

TOTAL LIABILITIES                                             2,963,343            3,011,492

OWNERS' EQUITY

Share capital                                                   412,559              412,559

Share premium account                                            60,602               60,602

General banking reserve                                          44,812               44,812

Other reserves                                                    4,665                4,665

Retained earnings from priors years                            -184,670             -184,670

Profit/Loss  for the financial year                               8,721                9,703

TOTAL OWNERS' EQUITY                                            346,689              347,671

TOTAL LIABILITIES AND OWNERS' EQUITY                          3,310,032            3,359,163