HANSAPANK

ANNOUNCEMENT

 

COMMENTARY TO HANSAPANK'S OCTOBER BALANCE SHEET

 

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 

October

31, 1999, Hansabank's total assets stood at EEK 24.35 billion. 

Bank's

loan portfolio totalled EEK 13.09 billion, while clients' deposits

amounted to EEK 15.00 billion. As of October 31 Hansabank's total

shareholders' equity was EEK 4.54 billion. Hansabank's financial

result for October was an EEK 43.3 million profit. The distribution 

of

revenues was the following: 54.2% net interest income after

provisions, 19.0% from trading income, 26.3% service fees and

commissions received, and 0.5% 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 October 31, 1999.

 

 

Mart Tõevere

Analyst

+372 6131 569