AS OPTIVA PANK

BALANCE SHEET

(EEK in thousands)

 

Unconsolidated, unaudited

 

                                                                         6/30/99                 12/31/98

ASSETS                                                                                            audited

 

Cash in hand                                                              70,321                   59,677

Demand deposits with banks                                               409,520                  345,473

Interest-bearing deposits with banks                                     120,829                       31

Short-term investments in shares                                           6,697                    2,594

Securities purchased under resale agreements                              14,063                   14,219

Loans to clients                                                       1,901,256                2,288,770

Allowances for loan losses                                              -178,615                 -228,445

Net loans                                                              1,722,641                2,060,325

Long-term financial investments in debt securities                       716,271                  265,935

Long-term financial investments in shares                                102,921                  137,747

Tangible assets                                                           15,151                   13,880

Intangible assets                                                        125,168                  139,397

Other assets                                                             137,383                  134,508

 

TOTAL ASSETS                                                           3,440,965                3,173,787

 

 

LIABILITIES

Current accounts                                                         795,659                  550,839

Time deposits                                                            335,641                  326,164

Loans from banks                                                         680,836                  688,774

Borrowings from government                                               104,331                  115,492

Debts evidenced by certificates                                          730,525                  816,509

Clearing accounts                                                        195,025                   94,909

Other liabilities                                                         58,868                   48,632

Subordinated debt                                                        194,500                  194,500

TOTAL LIABILITIES                                                      3,095,385                2,835,820

 

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                   80,303

Profit/Loss  for the financial year                                        7,612                 -264,974

TOTAL OWNERS' EQUITY                                                     345,580                  337,967

 

TOTAL LIABILITIES AND OWNERS' EQUITY                                   3,440,965                3,173,787