HANSAPANK

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, I H-Y 2000



Income Statement                    Group                   Bank        

(EEK in mil., unaudited)      6 m    1999     6 m    6 m    1999     6 m

                             2000            1999   2000            1999

                                                                        

Interest income           1,492.1 2,459.3 1,166.2  950.3 1,607.0   772.2

Interest expense          (608.9) (991.6) (480.2) (437.3) (765.1) (376.8)

Interest income, net        883.2 1,467.7   685.9  513.0   841.9   395.4

                                                                        

Fee and commission income   499.0   777.8   369.4  316.9   541.6   269.8

Fee and commission        (105.9) (183.5)  (85.3) (86.8) (147.5)  (68.3)

expense

Fees and commissions, net   393.1   594.3   284.0  230.0   394.2   201.5

                                                                        

Net result from financial   252.0   601.5   291.4  157.0   419.8   285.8

operations

Dividends                     2.4     4.5     4.0    2.3     2.3     2.0

Net income from insurance    11.8    54.2    40.4                       

activities

Other income                 44.2   113.0    91.1    8.1    35.3    25.3

Total income              1,586.7 2,835.2 1,396.8  910.4 1,693.6   909.9

                                                                        

Operating expenses                                                      

Personnel expenses          317.4   577.0   283.0  177.2   336.2   164.7

Data network expenses        50.3   111.4    54.8   36.0    88.2    42.4

Administrative expenses     183.4   359.0   176.4  102.6   207.8   103.7

Other expenses              175.3   339.9   159.6  134.7   274.2   129.4

  incl. goodwill            100.2   203.0   101.9  102.6   205.2   102.6

amortisation

Depreciation                127.5   206.9    99.4   70.4   110.3    52.4

Total operating expenses    853.8 1,594.1   773.2  520.9 1,016.7   492.6

Losses on loans and       (180.3) (490.9) (275.0) (71.1) (219.0) (161.6)

guarantees

Recovered loans              53.0    89.9    14.5   31.7    70.5    11.9

Operating profit            605.6   840.1   363.1  350.2   528.4   267.7

Extraordinary                22.3  (25.2)     0.0                       

income/(expense)

Profit from associates        2.1   (2.9)    98.0    2.0                

under the equity method

Profit before income tax    630.0   812.0   461.1  352.2   528.4   267.7

Income tax                 (17.0)     6.4  (70.4)      -    11.9  (33.3)

Minority interest           (2.1)   (3.5)   (0.8)                       

Net profit                  610.9   815.0   390.0  352.2   540.3   234.4





Mart Tõevere

Investor relations

+372 6131 569