HANSABANK-LATVIA

BALANCE SHEET   

31.12.98

 

 

(audited, LVL)

						  31.12.98		  31.12.97

 

Assets

 

Cash						  9,754,182		 4,455,220

Due from Central Bank				 19,517,671		 6,116,737

Government treasury bills eligible for 	

refinancing with the Central Bank		  2,747,196		 5,585,357

Due from credit institutions			 28,180,753		31,144,543

Securities held for trading purposes		  7,690,709		 6,946,562

Securities held for investment			  2,080,238		 1,385,797

Loans and advances to customers (net)		 58,168,470		24,489,438

   Short-term loans				 28,295,939		11,767,432

   Long-term loans				 33,802,531		13,360,091

   Provisions					 (3,930,000)		  (638,085)

Fixed assets					 14,158,585		 7,060,422

Accrued interest receivable and other assets	  2,299,829		 1,461,900

Total assets					144,597,633		88,645,976

 

 

Liabilities

 

Due to Central Bank and government		  3,414,614		 1,000,000

Due to other credit institutions		 11,636,792		12,811,441

Deposits from customers				110,907,393		59,950,587

   Demand deposits				 78,188,380	 	48,324,478

   Time deposits				 32,719,013		11,626,109

Issued certificate of deposit			     -			 5,058,630

Accrued interest payable and other liabilities	  4,787,628		 1,017,968

Provision for  deferred taxation		    160,000		   160,000

Subordinated debt				  2,702,050		 2,360,000

Total liabilities				133,608,477		82,358,626

 

 

Common stock					 14,543,114		 6,600,000

Capital reserves 				    135,110		   135,110

Accumulated losses				   (447,759)		(1,362,463)

(Loss)/ profit for current period		 (3,241,309)		   914,703

Total shareholders' equity			 10,989,156		 6,287,350

Total liabilities and shareholders' equity	144,597,633		88,645,976

 

 

 

HANSABANK Ltd.

 

Mart Toevere

Analyst

Tel. +372 6131 569