AS HANSAPANK

BALANCE SHEET

31.12.98

 

Balance Sheet				

(EEK in mil., unaudited)				Group			Bank

				

						 1998	   1997		   1998	   1997

				

Assets				

Cash					 	875.6	  463.5	  	  644.6	  355.0

Due from Central Bank			      2,390.1	  801.3		1,929.5	  652.4

Due from other credit institutions	      2,648.7	1,732.8		1,916.4	  985.4

Liquidity portfolio			      1,460.8	  334.2	        1,243.4	  311.9

Trading portfolio				151.1	1,050.7		  119.5	  750.7

Investment portfolio				743.9	  149.1		1,501.5	  265.6

Securities purchased under resale agreements	125.4	  494.2		  116.8	  390.2

Loans					     16,792.9	7,576.0	       12,183.4	5,059.0

   Allowance for credit losses		       (740.1)	  (99.5)	 (461.8)  (64.7)

Net loans				     16,052.8	7,476.5	       11,721.6	4,994.3

Premises and equipment, net			947.1	  502.7		  495.0	  284.5

Goodwill					755.2	    0.0		  735.2	    0.0

Prepayments and accrued interest	         60.3		           60.3	

Demands from insurance activities	      1,144.3	1,267.7		  598.1	  494.3

Other assets					334.9	  155.5		  202.9	  116.8

Total assets				     27,690.2  14,428.2	       21,284.8	9,601.1

				

Liabilities				

				

Dues to the central bank			263.9	   32.6		  183.3	    8.2

Dues to other credit institutions	      4,057.5	3,312.1		2,026.8	1,597.0

Deposits				     14,745.8	7,004.3	       12,367.0	5,560.1

    Demand deposits			     10,078.4	5,276.7	        8,299.7	4,115.6

    Time deposits			      4,667.4	1,727.6	        4,067.3	1,444.5

Securities sold under repurchase agreements	 18.4	  148.7	           18.1	   85.3

Debt securities issued to the public	      2,051.5	1,488.7	        1,103.3	  456.9

Accrued liabilities				755.0	  499.1		  326.5	  228.7

Appropriations					419.4	  102.3		  118.0	   46.1

Other liabilities				699.2	  509.9		  593.0	  484.3

Minority ownership				 24.3	    2.0		

Total liabilities			     23,035.0  13,099.7	       16,736.0	8,466.6

				

Subordinated debt				460.7	  177.4		  396.9	  120.0

Shareholders' equity				

Common stock					787.6	  382.4		  787.6	  382.4

Capital surplus				      2,757.1	    0.2		2,756.8	    0.0

Retained earnings				311.2	  461.0		  260.4	  316.1

Other disclosed reserves			  6.4	   34.7		    0.0	    0.0

Treasury stock					(22.0)	  (47.7)	    0.0

Reserves 					354.2	  320.5		  347.1	  316.0

Total shareholders' equity		      4,194.5	1,151.1		4,151.9	1,014.5

Total liabilities and shareholders' equity   27,690.2  14,428.2	       21,284.8	9,601.1