AS HANSAPANK

ANNOUNCEMENT

17.05.99

 

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 at April 

30, 1999, Hansabank's total assets stood at EEK 21.87 billion. 

Bank's loan portfolio totalled EEK 12.02 billion, while clients' 

deposits amounted to EEK 12.48 billion. As at April 30 Hansabank's 

total shareholders' equity was EEK 4.30 billion. Hansabank's 

financial result for April was an EEK 35.1 million profit. The 

distribution of revenues was the following: 47.9% net interest 

income after provisions, 19.1% from trading income, 31.8% service 

fees and commissions received, and 1.2% 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 at April 30, 1999.

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569