JSC  "Pirmā banka" profit forecast and shareholder structure JSC "Pirmā

banka" profit for 2001 (after provisions) is expected to be between

400  thousand  and  500  thousand  lats. This week the Bank Supervisory

Board  will  review  the  profit forecast for the next year - 1 million

LVL,  which  will be recommended for approval at the general meeting of

shareholders.  NORD/LB, strategic investor of "Pirmā banka", seeing the

positive developments, may resolve on reducing its interest in the bank

to 75% or less, however, retaining the control interest.