HANSAPANK

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 9 MONTHS 2000



Income Statement                     Group                     Bank        

(EEK in mil., unaudited)       9 m    1999     9 m      9 m    1999     9 m

                              2000            1999     2000            1999

                                                                           

Interest income            2,394.1 2,459.3 1,763.0  1,510.6 1,607.0 1,153.5

Interest expense            -991.4  -991.6  -705.4   -725.1  -765.1  -543.4

Interest income, net       1,402.7 1,467.7 1,057.6    785.5   841.9   610.2

                                                                           

Fee income                   771.5   777.8   560.3    476.6   541.6   400.9

Fee expense                 -161.3  -183.5  -133.3   -132.7  -147.5  -106.2

Fees and commissions, net    610.2   594.3   427.0    343.9   394.2   294.7

                                                                           

Net result from financial    404.7   601.5   400.9    267.4   419.8   413.4

operations

Dividends                      3.1     4.5     4.4      2.9     2.3     2.3

Net income from insurance     16.2    54.2    49.6                         

activities

Other income                  89.4   113.0   121.4     14.4    35.3    30.9

Total income               2,526.3 2,835.2 2,060.9  1,414.1 1,693.6 1,351.4

                                                                           

Operating expenses                                                         

Personnel expenses           483.8   577.0   414.5    262.6   336.2   247.0

Data network expenses         77.3   111.4    74.6     53.7    88.2    58.2

Administrative expenses      300.4   359.0   261.5    162.0   207.8   152.4

Other expenses               280.1   339.9   242.6    202.6   274.2   196.5

  incl. goodwill             153.4   203.0   152.0    153.9   205.2   153.9

amortisation

Depreciation                 198.7   206.9   149.7    107.5   110.3    79.3

Total operating expenses   1,340.3 1,594.1 1,143.0    788.4 1,016.7   733.4

Losses on loans and         -352.7  -490.9  -361.1   -190.4  -219.0  -197.3

guarantees

Recovered loans               99.5    89.9    52.5     67.8    70.5    46.9

Operating profit             932.8   840.1   609.3    503.0   528.4   467.5

Extraordinary                 22.3   -25.2       -                         

income/(expense)

Profit from associates         4.6    -2.9    99.3      4.1                

under the equity method

Profit before income tax     959.7   812.0   708.6    507.1   528.4   467.5

Income tax                   -22.4     6.4  -131.2        -    11.9   -74.3

Minority interest             -3.4    -3.5    -2.8                         

Net profit                   933.9   815.0   574.6    507.1   540.3   393.3





Mart Tõevere

Head of Investor Relations

+372 6131 569