OPTIVA PANK

BALANCE SHEET

31.01.99

 

In thousand EEK, 

Unaudited, unconsolidated

 

                                                                31.12.98      31.01.99

ASSETS

Cash                                                              59,677       54,754

Demand deposits with banks                                       345,473      363,670

Interest-bearing deposits with banks                                  31           11

Short-term investments in shares                                   2,594        3,022

Securities purchased under resale agreements                      14,219       12,536

Loans to clients                                               2,290,087    2,282,659

Allowances for loan losses                                      -202,087     -200,960

Net loans                                                      2,088,000    2,081,699

Long-term financial investments in debt 

securities                                                       265,972      261,787

Long-term financial investments in shares                        137,563      138,676

Tangible assets                                                   13,880       13,247

Intangible assets                                                139,397      136,949

Other assets                                                     149,294      164,755

 

TOTAL ASSETS                                                   3,216,101    3,231,106

 

 

LIABILITIES

Current accounts                                                 550,839      523,771

Time deposits                                                    283,283      316,799

Loans from banks                                                 688,774      696,231

Borrowings from government                                       115,492      115,472

Bonds issued                                                     816,509      821,235

Clearing accounts                                                137,273      144,670

Other liabilities                                                 86,116       75,744

Subordinated debt                                                194,500      194,500

TOTAL LIABILITIES                                              2,872,786    2,888,422

 

OWNERS' EQUITY

Share capital                                                    412,559      412,559

Share premium account                                             60,602       60,602

General banking reserve                                           44,812       44,812

Other reserves                                                     4,665        4,665

Retained earnings                                                 76,620     -179,372

Profit/loss for the financial year                              -255,943         -582

TOTAL OWNERS' EQUITY                                             343,315      342,684

 

TOTAL LIABILITIES AND OWNERS' EQUITY                           3,216,101    3,231,106