HANSAPANK

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 1ST Q 2000



Income Statement                     Group                      Bank         

(EEK in mil., unaudited)   3 m 00     1999   3 m 99  3 m 00     1999   3 m 99

                                                                             

Interest income             690.7  2,459.3    596.5   437.9  1,607.0    402.4

Interest expense            262.4    991.6    251.3   186.5    765.1    199.7

Interest income, net        428.3  1,467.7    345.2   251.5    841.9    202.8

                                                                             

Fee and commission income   221.1    777.8    167.2   139.0    541.6    121.0

Fee and commission           51.1    183.5     39.1    43.7    147.5     30.1

expense

Fees and commissions, net   169.9    594.3    128.1    95.3    394.2     90.8

                                                                             

Net result from financial   147.8    601.5    159.7    90.7    419.8    128.1

operations

Dividends                     0.2      4.5      0.1     0.2      2.3      0.1

Net income from insurance     3.9     54.2     30.4                          

activities

Other income                 19.6    113.0     28.6     3.2     35.3      6.1

Total income                769.8  2,835.2    692.2   440.8  1,693.6    427.9

                                                                             

Operating expenses                                                           

Personnel expenses          154.8    577.0    141.3    87.3    336.2     79.2

Data network expenses        21.1    111.4     23.1    16.3     88.2     18.1

Administrative expenses      88.5    359.0     82.5    51.1    207.8     43.4

Other expenses               81.5    339.9     83.0    65.9    274.2     61.6

  incl. goodwill             50.1    203.0     53.2    51.3    205.2     51.3

amortisation

Depreciation                 59.9    206.9     48.0    32.7    110.3     26.0

Total operating expenses    405.8  1,594.1    378.0   253.3  1,016.7    228.3

Losses on loans and          59.3    490.9    114.1     9.6    219.0     97.9

guarantees

Recovered loans              25.0     89.9     14.5    15.0     70.5     13.5

Operating profit            329.6    840.1    214.6   192.9    528.4    115.3

Extraordinary                   -   (25.2)        -                          

income/(expense)

Profit from associates        0.2    (2.9)    (0.5)                          

under the equity method

Profit before income tax    329.8    812.0    214.2   192.9    528.4    115.3

Income tax                    2.8    (6.4)     23.2       -   (11.9)        -

Minority interest             1.1      3.5    (0.1)                          

Net profit                  325.9    815.0    191.1   192.9    540.3    115.3





Mart Tõevere

Investor relations

+372 6131 569