HANSAPANK

INCOME STATEMENT



HANSA  CAPITAL'S INCOME STATEMENT



(in EEK, thousands)

unaudited                                   1999      1998     1997

Interest Income                            843 124  677 547   300 753

Interest Expenses                          425 469  323 741   148 150

Net Interest Income                        417 655  353 806   152 603

                                                                     

Commission Income                           91 606   58 320    45 435

Commission Expenses                         18 206   15 350     7 164

Other Operating Income                      64 848   16 615      -385

TOTAL REVENUE                              555 903  413 391   190 489

                                                                     

General & Administrative Expenses          140 468   96 970    43 387

Profit Before Credit Losses and            415 435  316 421   147 102

Financial Income

Credit Losses (net)                        170 090  185 009    22 042

Net Financial Income                        -2 404   23 831     4 508

Operating Profit                           242 941  155 244   129 568

                                                                     

Net Income from Equity Investments           9 363    3 451         0

Extraordinary Income (Expense)             -25 229        0         0

PROFIT BEFORE INCOME TAX                   227 075  158 695   129 568

Income Tax (inc. Deferred tax)               6 654    6 668    35 792

Minority Interest                            2 600      -69         0

NET PROFIT                                 217 821  152 096    93 776





Mart Tõevere

Analyst

+372 6131 569