HANSAPANK

COMMENTARY TO FINANCIAL RESULTS



COMMENTARY TO HANSAPANK'S BALANCE SHEET 30.11.99



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 November

30, 1999, Hansabank's total assets stood at EEK 24.66 billion. Bank's

loan portfolio totalled EEK 13.69 billion, while clients' deposits

amounted to EEK 15.07 billion. As of November 30 Hansabank's total

shareholders' equity was EEK 4.57 billion. Hansabank's financial

result for November was an EEK 30.2 million profit. The distribution

of revenues was the following: 51.3% net interest income after

provisions, 17.3% from trading income, 30.4% service fees and

commissions received, and 1.0% 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 of November 30, 1999.





Mart Tõevere

Analyst

+372 6131 569