AS HANSAPANK

ANNOUNCEMENT

16.11.98

 

COMMENTARY TO THE BALANCE SHEET OF HANSABANK PUBLISHED BY THE CENTRAL BANK

 

 

As a commentary to the balance sheet of Hansabank published today by the 

Central Bank of Estonia, we would like to say that as of October 31, 1998, 

Hansabank's total assets stood at EEK 19.6 billion. Bank's loan portfolio 

totalled EEK 11.54 billion, while clients' deposits amounted to EEK 11.86 

billion. As at October 31 Hansabank's total shareholders' equity was EEK 2.5 

billion. Hansabank's financial result for October was an EEK 19.3 million loss. 

The distribution of revenues was the following: 4.6% net interest income after 

provisions, 74.4% service fees and commissions received, 18.3% financial income 

and 2.7% other income.

 

Unconsolidated data is insufficient for a full analysis of the share value 

of Hansabank. Hansabank publishes its financial results on a consolidated basis 

for each quarter.

 

This commentary also includes the unconsolidated balance sheet of 

Hansabank as at October 31, 1998.

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569