AS HANSAPANK

ANNOUNCEMENT

15.09.99

 

 

COMMENTARY TO THE BALANCE SHEET OF HANSABANK PUBLISHED 

BY THE CENTRAL BANK

 

As a commentary to the balance sheet of Hansabank published 

today by the Central Bank of Estonia, we would like to say 

that as of August 31, 1999, Hansabank's total assets stood 

at EEK 22.92 billion. Bank's loan portfolio totalled 

EEK 12.03 billion, while clients' deposits amounted to 

EEK 13.53 billion. As of August 31 Hansabank's total shareholders' 

equity was EEK 4.48 billion. Hansabank's financial result for 

August was an EEK 47.6 million profit. The distribution of 

revenues was the following: 52.5% net interest income after 

provisions, 18.2% from trading income, 27.6% service fees 

and commissions received, and 1.7% other income.

 

Unconsolidated data is insufficient for a full analysis of the 

share value of Hansabank. Hansabank publishes its financial 

results on a consolidated basis for each quarter.

 

This commentary also includes the unconsolidated balance sheet 

of Hansabank as of August 31, 1999.

 

 

HANSABANK

 

 

Mart Tõevere

Analyst

Tel. +372 6131 569