AS HANSAPANK

ANNOUNCEMENT

16.11.98

 

ERROR IN HANSABANK'S OCTOBER BALANCE SHEET

 

 

Hansabank's balance sheet as at October 31 that was published today 

was incorrect. Dues to other financial institutions should be 

EEK 2,256.2 million (not EEK 2,254.7 million). The same amount (EEK 1.5 million) 

should be added to liabilities and total liabilities and shareholders' equity.

 

This announcement includes the revised version of the balance sheet.

 

 

HANSABANK Ltd.

 

 

Mart Toevere

Analyst

Tel. +372 6131 569

 

 

 

 

Balance Sheet		

(EEK in mil., unaudited, bank)			30.09.98	31.10.98

			

Assets		

Cash						   593.4	  588.9

Due from Central Bank				 1,539.2	1,465.0

Due from other financial institutions		 2,344.5	1,969.4

Amounts in collection				   136.6	  147.3

Trading account assets				    46.9	   37.7

Debt securities available for sale		 1,810.0	1,574.0

    Incl. Government bonds			   807.3	  639.0

          Other bonds				 1,002.7	  935.0

Securities held for investment			   397.9	  396.8

    Incl. Subsidiaries' shares	 		   333.2	  333.2

          Affiliated companies' shares		    10.3	   10.3

          Other				 	    54.4	   53.3

Securities purchased under resale agreements 	   101.4	  565.4

Loans						11,526.0       11,540.1

   - Allowances for credit losses		 (255.3)	(312.9)

Net loans 					11,270.7       11,227.2

Premises and equipment, net			   492.9	  497.0

Goodwill					   618.9	  654.8

Prepayments and accrued interest		   505.9	  472.8

Other assets					    55.0 	   51.8 

Total assets					19,913.5       19,648.1

		

Liabilities		

Due to Central Bank and government	 	   183.9	  188.9

Due to other financial institutions		 2,386.5	2,256.2

Securities sold under repurchase agreements	     2.2	    0.6

Deposits					12,059.6       11,861.8

   Demand deposits				 8,021.8	7,579.1

   Time deposits				 4,037.7	4,282.6

Debt securities issued to the public		 1,149.9	1,142.8

Amounts in transit				   469.0	  513.4

Accrued liabilities				   469.8	  430.8

Appropriations					    72.2	   72.2

Other liabilities				     3.9 	    4.1 

Total liabilities				16,797.0       16,470.9 

		

Subordinated debt				   596.9	  676.9

		

Shareholders' equity		

Common stock					   588.4	  588.4

Capital surplus					 1,225.3	1,225.3

Retained earnings				   390.0	  370.7

Treasury stock					     0.0	    0.0

Reserves 					   316.0	  316.0

Total shareholders' equity			 2,519.6	2,500.3

Total liabilities and shareholders' equity	19,913.5       19,648.1