AS HANSAPANK

INCOME STATEMENT

01.01-31.03.99

 

 

						Group			Bank	

(EEK in mil., unaudited)			3 m 99	1998	3 m 98	3 m 99	   1998	 3 m 98

						

Net interest income						

Interest income					584.4	1,794.5	 323.8	390.2	1,108.2	  175.7

Interest expense				230.5	  770.8	 148.5	178.8	  542.5	   88.2

Net interest income				353.9	1,023.7	 175.3	211.4	  565.7	   87.6

Provision for credit and guarantee losses	121.2	  594.3	  28.5	105.1	  324.0	   24.0

Recovered loans					 14.5	   49.0    0.9	 13.5	   16.6	    0.9

Net interest income after provisions		247.2	  478.4	 147.7	119.8	  258.3	   64.5

						

Non-interest income						

Trading income					168.6	  127.8	  46.8	137.0	   69.4	   32.4

   incl. provisions on financial instruments	    -	  (32.3) (16.6)	    -	  (30.7)  (16.6)

Dividends					  0.1	    7.0	    -	    -	  101.8	   97.2

Fees and commissions				171.4	  511.4	  93.8	121.1	  381.4	   76.1

Net income from insurance activities		 30.4	   59.4	   5.3	    -		

Other income					 30.4	   69.1	   7.9	  5.8	   14.9	    1.6

Total non-interest income			400.9	  774.7	 153.8	263.9	  567.5	  207.3

Income from subsidiaries and 

affiliated companies				 (0.5)	  (10.7)   0.9	    -		

Total revenue					647.6	1,242.4	 302.4	383.7	  825.8	  271.9

						

Non-interest expenses						

Service fees paid				 42.5	  156.9	  20.9	 41.4	  126.0	   16.9

Personnel expenses				141.3	  422.3	  74.2	 78.6	  245.5	   48.2

Data network expenses				 22.9	   42.0	   8.8	 17.9	   41.2     7.9

Administration expenses				102.0	  342.2	  49.5	 44.0	  194.2	   30.8

Other expenses					 74.9	  195.3	  14.1	  9.6	  129.6	    9.7

Total non-interest expenses			383.6	1,158.7	 167.4	191.5	  736.5	  113.5

Net operating revenue				264.1	   83.7	 135.0	192.2	   89.3	  158.4

Depreciation					 49.9	  143.0	  23.7	 77.2	   73.0	   13.2

Net income before income tax			214.2	  (59.3) 111.3	114.9	   16.3	  145.2

Appropriations					 (0.4)	      -	   2.4	   -	      -	      -

Income tax					 23.6	   (6.5)  25.9	   -	  (14.8)   13.1

Income/(Loss) attributable to minority owners	 (0.1)	    7.7	     -	   -	      -	      -

Net income					191.1	  (60.5)  83.0 114.9	   31.1	  132.1