HANSAPANK

BALANCE SHEET



AUDITED BALANCE SHEET 31.12.99



year ended December 31                      GROUP             BANK

(EEK in millions)                        1999     1998     1999     1998

                                                                  

Assets                                                            

Cash                                  1,135.8    875.6    725.7    644.6

Due from Central Bank                 3,969.0  2,390.1  3,203.8  1,929.5

Due from other financial institutions 1,917.2  2,648.7  1,190.4  1,906.0

Treasury securities                   3,020.3  1,460.8  2,344.9  1,243.4

Trading securities                      234.2    151.1    181.5    119.5

Investment securities                 1,479.1    743.9  2,397.0  1,501.5

Securities purchased under resale       121.8    125.4    188.8    116.8

agreements

Loans                                19,461.8 16,792.9 13,962.2 12,183.4

   - Allowance for credit losses       -646.9   -740.1   -301.7   -451.4

Net loans                            18,814.9 16,052.8 13,660.5 11,732.0

Tangible assets                       1,140.0    913.5    620.2    471.3

Intangible assets                       561.3    788.8    563.8    758.9

Deferred tax assets                       0.0     60.4      0.0     60.4

Prepayments and accrued interest      1,481.3  1,083.9    510.9    537.7

Other assets                            376.4    395.2    218.2    263.2

Total assets                         34,251.3 27,690.2 25,805.7 21,284.8

                                                                  

Liabilities                                                       

Due to Central Bank and government      172.5    263.9    162.3    183.3

Due to other financial institutions   5,144.1  4,057.5  2,709.3  2,026.8

Deposits                             19,783.1 14,745.8 15,377.6 12,367.0

   Demand deposits                   13,493.0 10,078.4 10,581.6  8,299.7

   Time deposits                      6,290.1  4,667.4  4,796.0  4,067.3

Securities sold under repurchase        509.2     18.4    509.2     18.1

agreements

Debt securities issued to the public  1,268.3  2,051.5    700.4  1,103.3

Accrued liabilities                   1,036.9    755.0    372.5    326.5

Appropriations                          230.5    339.2    252.6     45.8

Deferred tax liability                    0.4     80.2      0.0     72.2

Other liabilities                       665.3    699.2    632.7    593.0

Minority interest                        21.8     24.3      0.0 

Total liabilities                    28,832.1 23,035.0 20,716.6 16,736.0

                                                                  

Subordinated liabilities                469.8    460.7    396.9    396.9

Shareholders' equity                                              

Common stock                            787.6    787.6    787.6    787.6

Share premium                         2,757.1  2,757.1  2,756.8  2,756.8

Own shares                             -122.2    -22.0      0.0      0.0

Reserves                                436.5    354.2    420.5    347.1

Other restricted equity                  20.5     20.5      0.0      0.0

Unrealised exchange rate differences     38.3    -14.1      0.0      0.0

Retained earnings                     1,031.6    311.2    727.3    260.4

Total shareholders' equity            4,949.4  4,194.5  4,692.2  4,151.9

Total liabilities and shareholders'  34,251.3 27,690.2 25,805.7 21,284.8

equity





Mart Tõevere

Investor relations

+372 6131 569