EVEA PANK

BALANCE SHEET

31.10.98

 

Unaudited,

in thousand EEK

 

Assets                                                  31.12.1997 30.09.1998 31.10.1998

 

Cash                                                       23,534     13,420      1,959

Due from Central Bank                                      43,844     26,731     17,112

Due from other financial institutions                     155,579     45,813     29,127

Due from the clients                                      307,851    389,007    325,142

Allowance for doubtful accounts                            -5,893     -5,163    -10,000

Securities                                                201,813    234,104    205,162

Immaterial assets                                             280        175        163

Material assets                                            36,272     37,754     38,158

Other assets                                               13,419     76,582     11,430

Prepaid expenses and accrued income                         5,970     10,848     12,406

Total assets                                              782,669    829,271    630,659

Liabilities and shareholders' equity

Due to Central Bank                                             0          0          0

Due to other financial institutions                       158,182        633          0

Due to the clients                                        491,885    542,011    476,327

  Demand deposits                                         177,968    137,536    208,407

  Time and savings accounts                               313,917    404,475    267,920

  Other debts                                                   0                     0

Government loan funds and foreign aid funds                22,119     43,483     43,506

Bonds issued                                                    0          0          0

Other liabilities	                                   13,504    113,126     24,561

Prepaid revenue and accrued expenses			    9,084     15,553     12,681

Provisions                                                  4,073      4,073      4,073

Subordinated liabilities                                        0          0          0

Total liabilities                                         698,847    718,879    561,148

Share capital                                              61,000     75,000     75,000

Transactions with shareholders                                  0          0          0

Capital surplus                                             2,819      9,819      9,819

Treasury stock                                                  0          0          0

General banking reserve                                    10,900     10,900     10,900

Revaluation reserve                                             0          0          0

Other reserves                                              1,011      1,011      1,011

Retained earnings			                    8,092      8,092      8,092

Net profit (loss) for the financial year                        0      5,570    -35,311

Total shareholders' equity                                 83,822    110,392     69,511

Total liabilities and shareholders' equity                782,669    829,271    630,659

 

 

According to the decision of the credit committee, in October the provisions 

were made on the securities in the amount of 27 012 thousand EEK and loans 

in the amount of 13 781 thousand EEK.

According to the same decision by the credit committee, the bank continues to make 

provisions on the eurobonds until June 1999, assigining them to the market value.