OPTIVA PANK

ANNOUNCEMENT

28.02.99

 

Balance sheet 02/99

In thousand EEK, 

Unaudited, unconsolidated

                                            28.02.99     31.01.99

ASSETS

Cash                                          63,832       54,754

Demand deposits with banks                   493,256      363,670

Time deposits with banks                          21           11

Short-term investments in shares               1,795        3,022

Securities purchased under repurchase

agreements                                    12,536       12,536

Loans to clients                           2,216,420    2,282,659

Allowances for loan losses                  -228,444     -200,960

Net loans                                  1,987,976    2,081,699

Investments in debt instruments              387,241      261,787

Long-term investments in shares              131,288      138,676

Tangible assets                               13,322       13,247

Intangible assets                            134,500      136,949

Other assets                                 142,092      164,755

TOTAL ASSETS                               3,367,860    3,231,106

 

 

LIABILITIES

Demand deposits                              553,161      523,771

Time deposits                                349,533      316,799

Loans from banks                             715,467      696,231

Borrowings from government                   115,472      115,472

Bonds issued                                 828,506      821,235

Clearing accounts                            219,777      144,670

Other liabilities                             53,625       78,288

Subordinated debt                            194,500      194,500

TOTAL LIABILITIES                          3,030,041    2,890,966

 

OWNERS' EQUITY

Sharecapital                                 412,559      412,559

Share premium                                 60,602       60,602

General banking reserve                       44,812       44,812

Other reserves                                 4,665        4,665

Retained earnings                           -184,670     -181,916

Profit/loss for the financial year              -149         -582

TOTAL OWNERS' EQUITY                         337,819      340,140

TOTAL LIABILITIES AND OWNERS' EQUITY       3,367,860    3,231,106