AS SAMPO PANK                     FINANCIAL REPORTS                     17.02.2005



Business results of the Consolidated Group of AS Sampo Pank 12 months of 2004



According to Härmo Värk, Chairman of Sampo Pank's Management Board, the year  2004

was a successful one: "In favourable economic conditions loans  granted  by  Sampo

Pank increased by about 39%, whereas  loans  to  private  persons  experienced  an

annual increase of 52%. We also achieved a faster growth in client  deposits,  one

of our priority areas. The total client deposits increased  by  more  than  EEK  1

billion or almost 27% during the year. Due to improved efficiency of  the  Group's

operations and the fast growth of its business  volumes  the  Group's  net  profit

increased by 24% in 2004, amounting to EEK  107.8  million  at  year-end  and  the

number of Sampo Pank's clients reached 110 000. In 2005 we continue  to  focus  on

profitably increasing our business volumes and customer base."





BALANCE SHEET ANALYSIS



Total assets of the Consolidated Group of AS Sampo Pank  (hereinafter  the  Group)

amounted to 9.7 billion at the end of 2004,  an  increase  of  34.8%  or  EEK  2.5

billion over the year. This increase was mainly generated by  the  growth  of  the

loan portfolio.



In 2004, similar changes took place in the structure of  the  Group's  assets  and

liabilities as in the prior year. The share of loans in the  assets  increased  by

2.5  percentage  points  to  74.1%  and  the  share  of  client  deposits  in  the

liabilities decreased by 4.1 percentage  points  to  56.3%.  The  latter  decrease

resulted from the fast growth in external financing.



Securities and Liquid Assets



Total liquid assets amounted to EEK 2.2 billion at the  end  of  2004,  accounting

for 22.6% of the Group's  total  assets  (24.3%  in  2003).  This  was  an  annual

increase of 25.3% or EEK 441.4 million.



The securities portfolio dominated in the structure of liquid assets  at  the  end

of 2004, accounting for 51.6% (38.6% in  2003).  Cash  and  demand  deposits  with

banks made up 48.3% (46.6% in 2003) of liquid assets.



The portfolio of liquid securities exceeded EEK 1.1 billion at year-end  of  2004,

an annual increase of 67.8% or EEK 456.5 million. The share  of  government  bonds

that comprised 44.9% of the total portfolio increased  most.  The  composition  of

the rest of the portfolio was as follows: debt securities  issued  by  credit  and

financial institutions 36.7%  and  other  debt  securities  (mainly  international

corporations' debt securities with high investment grade) 18.5%.



Lending



As a result of the Group's continued active  lending,  the  gross  loan  portfolio

increased considerably for the second consecutive year: in 2003 by  40.0%  or  EEK

1.5 billion and in 2004 by 38.9% or EEK 2.0 billion, respectively. At the  end  of

2004, the Group's gross loan portfolio amounted to EEK 7.3 billion.



As for the structure  of  borrowers,  the  previous  year's  trends  continued  to

prevail.  The growth rate of loans to private persons exceeded that  of  loans  to

companies, whereas   loans to private persons accounted for 42.8% (39.1% in  2003)

of the loan portfolio. The share of loans to companies declined  to  54.1%  (57.7%

in 2003).



Loans to private persons experienced an  annual  increase  of  51.9%  or  EEK  1.1

billion, totalling EEK 3.1 billion at the end of 2004. The increase  is  primarily

attributable to growth in  mortgage  loans  that  comprised  83.1%  of  the  total

portfolio. At the same time, growth in consumer financing continued.



The great interest of private persons in borrowing can be explained by  favourable

loan conditions as  well  as  the  improving  economic  environment.  The  average

interest rate of mortgage loans granted during the year declined by 10  percentage

points due to the fall of the 6 months Euribor and a decrease in loan margins.  In

2004, the average maturity of mortgage loans was about 17 years.



Although the share of loans to companies in the total loan portfolio has  declined

continuously in recent years, loans granted to companies  for  the  implementation

of long-term investment projects as well as for the  funding  of  working  capital

still make up the largest part of the Group's loan portfolio. At the end of  2004,

loans to companies amounted to EEK 3.9 billion, an annual  increase  of  30.1%  or

EEK 913.3 million.



By economic sectors, the share of the real estate  sector  in  the  Group's  total

loan portfolio is the greatest, comprising 56.4% at the  end  of  2004  (43.9%  in

2003). The Group's total loans to the real  estate  sector  amounted  to  EEK  4.1

billion, whereof mortgage loans to private persons accounted for 64.0%.



The percentage of other major economic sectors in the Group's loan  portfolio  was

as follows: industry 12% and wholesale &  retail  trade  9.9%,  respectively.  The

share of the industrial sector decreased by 5.0 percentage points  and  the  share

of the trade sector declined by 2.7 percentage points from the prior year.



Allowances for Loan Impairment and Overdue Loans



Allowances for loan impairment represented 1.65% of the gross  loan  portfolio  at

the end of 2004 (2.05% in 2003). The decrease was related to the improved  quality

of the loan portfolio and  the  positive  developments  in  Estonia's  economy  in

recent years.



The share of overdue loans in the gross loan portfolio accounted for 5.9%  at  the

end of 2004 (9.5% in 2003). Allowances for  loan  impairment  comprised  27.5%  of

overdue loans at year-end 2004 (21.1% in 2003).



Fixed and Other Assets



Intangible and tangible assets comprised 1.6% of the Group's assets at the end  of

2004, as compared to 2.0% at the end of 2003. In  2004,  intangible  and  tangible

assets increased by EEK 4.0 million or 69.9% and  by  EEK  2.1  million  or  1.5%,

respectively. The increase in intangible assets was caused by  the  implementation

of various banking technology development projects. Residual value  of  intangible

and tangible assets was EEK 9.6 million and EEK 143.7 million, respectively.



Other assets decreased by  0.5%  in  2004,  amounting  to  EEK  53.9  million  and

accounting for 0.6% of the Group's total assets.



Liabilities and Owners' Equity



The Group's liabilities increased by EEK 2.4 billion or 35.9% in  2004,  amounting

to EEK 9.1 billion.



The most important source of financing for the  Group  were  client  deposits  and

loans from banks, accounting for 56.3% (60.4% in 2003) and 33.2%  of  the  Group's

liabilities (16.6% in 2003), respectively. The share of other  liabilities  (incl.

issued debt securities 3.1% and subordinated liabilities 2.7%) comprised of  about

10% of the Group's liabilities.



Client Deposits



In 2004, the Group achieved rather strong growth in deposits over the prior  year.

The total volume of client deposits increased by EEK 1.1  billion  or  26.8%  (EEK

0.5 billion or 13.6% in 2003), reaching EEK 5.1 billion by the end of  2004.   The

increase can be largely attributed to the  growth  of  private  company  deposits,

whereas the strongest growth was achieved in demand deposits.



Time and demand deposits grew almost equally, amounting to EEK 542.2  million  (an

annual increase of 28.0%) and EEK 536.3 million (an  annual  increase  of  25.6%),

respectively. As at the end of 2004, time  deposits  totalled    EEK  2.5  billion

(48.5% of total deposits) and demand deposits amounted to EEK 2.6 billion   (51.5%

of total deposits).



No significant changes occurred in the structure  of  deposits.   Private  company

deposits made up 57.4% (60.3% in 2003) and deposits of private  persons  comprised

26.2% (26.0% in 2003) of total deposits.



Deposits of private persons almost  maintained  the  prior  year's  growth.  Total

deposits of private persons,  reaching  EEK  1.3  billion  at  the  end  of  2004,

experienced an annual increase of 27.5% or  EEK  289.1  million.  This  growth  is

primarily attributable to a 34.4% (EEK 218.2 million) increase  in  time  deposits

that amounted to EEK 853.2 million at  year-end  of  2004.  As  for  the  term  of

depositing, the preferences of clients remained almost unchanged  from  the  prior

year - the duration of the majority of  deposit  agreements  did  not  exceed  one

year. In 2004, demand deposits of private persons increased by 17.1% or  EEK  70.9

million, totalling EEK 485.5 million.



Private company deposits  increased  by  20.8%  or  EEK  506.0  million  in  2004,

amounting to EEK 2.9 billion. The increase  in  private  company  demand  deposits

exceeded that of private company time deposits. Private  company  demand  deposits

increased by 21.7% or EEK 351.5 million and private company time deposits grew  by

19.1% or EEK 154.5 million. At year-end 2004,  private  company  demand  deposits 

totalled  EEK  2.0 billion, accounting for 75.0% of total demand deposits, and 

private  company  time deposits amounted to EEK  962.4  million,  accounting  for

38.8%  of  total  time deposits.



Issued Debt Securities and Loans from Banks



Loans from banks increased by EEK 1.9 billion or 171.6%, reaching EEK 3.0  billion

at year-end 2004. The volume of issued debt securities totalled  EEK  284.6  

million, experiencing a decrease of EEK 637.4 million or 69,1% due to redemption.



Equity and Subordinated Liabilities



The Group's equity increased by 20.7% or EEK  107.8  million  due  to  the  profit

earned  in  2004,  amounting  to  EEK  628.6  million.  Subordinated   liabilities

increased by 16.6% or EEK 35.4 million, totalling EEK 249.3 million.



The Group's capital adequacy was 11.1% at the end of 2004  (12.6%  in  2003).  The

Tier I Ratio was 7.7% in 2004 (8.9% in 2003).





INCOME STATEMENT ANALYSIS



The Group's net profit increased by 24.4% or EEK 21.2 million in  2004,  amounting

to EEK 107.8 million. Return on equity  increased  by  0.8  percentage  points  to

18.5%, while return on assets remained at the previous year's level of 1.3%.



The Group's  total  income  which  includes  net  interest  income,  net  fee  and

commission income and other non-interest income increased by  17.9%  or  EEK  63.6

million in 2004, amounting to EEK 418.3 million. Net interest income accounted for

69.5% (69.3%  in 2003), net fee and commission income 21.1% (18.9%) and other  

non-interest  income 9.4% (11.8%) of the Group's total income.



Net interest income increased by 18.2% or EEK 44.7 million,  totalling  EEK  290.5

million in 2004. Net fee and commission income increased  by  31.2%  or  EEK  21.0

million, reaching EEK 88.1 million. Other non-interest income  decreased  by  5.0%

or EEK 2.1 million, amounting to EEK 39.6 million.



In  the  structure  of  non-interest  income,   income   from   foreign   exchange

transactions accounted for 5.6%  (6.8%  in  2003),  income  from  securities  1.3%

(2.3%) and other operating income 2.6% (2.7%)  of  the  Group's  total  income  in

2004.



Interest Income and Expense



The Group's interest income amounted to EEK  445.0  million  in  2004,  an  annual

increase of 14.0% or EEK 54.7 million. The  rise  principally  resulted  from  the

growth of the volume of interest earning assets and the  increased  share  of  the

loan portfolio in interest earning assets. At the same time, the  Group's  average

return on interest earning assets declined by 0.8 percentage points to 5.6%.



Interest income on total assets decreased by 0.6  percentage  points  to  5.3%  in

2004 due to intensive growth of assets and declining loan interest rates.



The Group's interest expense amounted to EEK 154.4, an increase  of  6.9%  or  EEK

10.0 million. This increase  was  caused  by  the  increase  in  interest  bearing

liabilities.  The average price of interest bearing liabilities  declined  by  0.4

percentage points to 2.1%.



The Group's interest spread was 3.5% in 2004 (3.8% in 2003). Net  interest  margin

after allowances decreased to 3.1% in 2004 (from 3.5% in 2003).



Allowances for Loan Impairment



Allowances for loan impairment made in 2004 totalled EEK 28.2 million (EEK 17.5

million in 2003). At the same time EEK 1.1 million was recovered from the write-

offs of previous years which was EEK 0.2 million less than in the prior year. Net

loan allowances amounted to EEK 27.1 million in 2004 (EEK 16.1 million in 2003).



Fee and Commission Income and Expense, Currency Exchange



The Group's fee and commission income increased by 37.4% or EEK  33.4  million  in

2004, totalling EEK 122.7 million.  This  increase  primarily  resulted  from  the

increase in the arrangement fees from loan and guarantee  agreements  due  to  the

fast growth of the loan portfolio.



Fees and commissions paid by the Group amounted to EEK 34.5 million,  an  increase

of 56.1% or EEK 12.4 million  over  the  prior  year.  This  increase  is  largely

attributable to  the growth of the volume of card transactions.



Net fee and commission income totalled EEK 88.1 million, a gain of  31.2%  or  EEK

21.0 million.



The breakdown of the Group's fee and commission income for 2004  was  as  follows:

fee and commission income from cash and bank operations  25.5%  (31.5%  in  2003),

arrangement fees from loan and guarantee agreements 34.0% (28.9%  in  2003),  fees

from  card  transactions  18,0%  (19.6%  in  2003),  fees  and  commissions   from

investment services 16.4% (11.8% in 2003) and  other  fees  and  commissions  6.1%

(8.2% in 2003).



Fee and commission income from bank operations  increased  by  11.0%  or  EEK  2.8

million, amounting to EEK 28.1 million. At the same  time,  fees  and  commissions

paid for bank operations increased by 14.8% or EEK 0.9 million, totalling EEK  6.8

million. Net fee and commission income from bank operations increased by  9.9%  or

EEK 1.9 million, amounting to EEK 21.3 million. The total volume of payments  made

by clients increased by 26.0% over the year.



Net fee and commission income from cash operations increased by 13.5% or  EEK  0.3

million in 2004, totalling EEK 2.2 million.



Arrangement fees from loan and guarantee agreements, the greatest  source  of  fee

and commission income, experienced a substantial increase of  61.7%  or  EEK  15.9

million during the year, amounting to EEK 41.8 million at the end of 2004.



The Group's fee and commission income from card transactions gained  by  26.2%  or

EEK 4.6 million due to the increased number of bank cards as well  as  the  growth

of the volume of card payments in 2004, totalling EEK 22.0 million.  At  the  same

time, fee and commission expense related to card transactions increased  by  77.3%

or EEK 9.3 million, amounting to EEK 21.4 million.



The volume of both card payments and  cash  withdrawals  from  ATMs  increased  by

44.0% and 19.1%, respectively.  The  number  of  debit  and  credit  cards  (incl.

instalment loan cards) issued by the Group increased by 15.1% and 35.2%, 

respectively.



Fees and commissions from investment services achieved  the  highest  growth  rate

for the second consecutive year. In 2004, fees  and  commissions  from  investment

services totalled EEK 20.1 million, an increase  of  91.3%  or  EEK  9.6  million.

This significant growth is mainly attributable to the increased number of  clients

who have joined Sampo's Pillar II  pension  funds  and  the  resulting  growth  in

investments.



Income from foreign exchange transactions remained almost at the  previous  year's

level, amounting to 23.6 million, a decrease of 1.6% or EEK 0.4 million.



Other Non-Interest Income



Total other non-interest income earned by the Group in 2004 amounted to  EEK  16.0

million, a decrease of 9.6% or EEK 1.7 million.



Operating Expenses



The  Group's  non-interest  expense  increased  by  12.5%  or  EEK  31.5  million,

totalling EEK 283.4 million. However,  at  the  same  time  cost  efficiency  

improved. The Group's cost/income ratio declined from 71.0% in 2003 to 67.8%  in  

2004  and  the ratio of non- interest expense to average assets decreased from 

3.8%  in  2003  to 3.4% in 2004.



No significant changes occurred in  the  structure  of  the  Group's  non-interest

expense in 2004. Personnel expenses represented the largest share of  the  Group's

non-interest expense, accounting for 50.8% (51.8%  in  2003),  followed  by  other

administrative  expenses  36.5%  (39.3%),  depreciation  7.9%  (6.4%)  and   other

operating expenses 4.7% (2.5%).



Personnel expenses totalled EEK 144.1 million, an increase of 10.4%  or  EEK  13.6

million.  The growth mainly resulted from the increased number  of  employees  and

higher salaries. In 2004, the average number of employees  increased  by  6.5%  to

493 people.



In  2004,  the  largest  expense  items  in  other  administrative  expenses  were

communication and data processing expenses,  comprising  30.5%  (32.7%  in  2003),

advertising expenses, forming 14.9% (18.0%) and  premises'  rent  and  maintenance

expenses, making up 20.4% (18.1%) of other administrative expenses.



Communication and data processing expenses decreased by 2.2% or EEK 0.7 million

during the year, totalling EEK 31.6 million. Advertising expenses decreased by

13.4% or EEK 2.4 million, amounting to EEK 15.4 million. Premises' rent and

maintenance expenses grew by 18,5% or EEK 3.3 million, totalling EEK 21.2

million.



Depreciation totalled EEK 22.3 million in 2004, a growth of 38.1% or EEK 6.2

million, largely due to the investments made in banking technology and intangible

assets.





CONSOLIDATED BALANCE SHEET

(unaudited, in thousands)

                                      EEK               EUR

                                  31.12.04  31.12.03 31.12.04 31.12.03



Cash                                54 769    55 659   3 500   3 557

Claims and loans                 8 185 271 6 167 727 523 133 394 189

Claims and loans

 to central bank                   500 180   612 807  31 967  39 165

Claims and loans to

 credit institutions               503 326   404 902  32 168  25 878

Claims and loans to

 clients of credit institution   5 565 782 3 950 372 355 717 252 474

Claims and loans to clients

 of leasing enterprises          1 736 683 1 307 424 110 994  83 559

Claims from insurance and

 reinsurance activities                  0         0       0       0

Other claims                             0         0       0       0

Allowance for claims

 and loans                       - 120 700 - 107 778 - 7 714 - 6 888

Debt securities                  1 125 912   662 601  71 959  42 348

Shares and other

 securities                         35 290    39 886   2 255   2 549

Investments in associates                0         0       0       0

Other shares                        29 607    37 265   1 892   2 382

Derivatives                          5 683     2 621     363     168

Intangible assets                    9 615     5 659     615     362

Consolidated goodwill                    0         0       0       0

Other intangible assets              9 615     5 659     615     362

Tangible assets                    143 749   141 657   9 187   9 054

Investment property                 12 914    13 239     825     846

Settlements with

 shareholders                            0         0       0       0

Other assets                        53 908    54 163   3 445   3 462

Prepayments and

 accured income                     80 262    57 981   5 130   3 706

TOTAL ASSETS                     9 701 690 7 198 572 620 049 460 071



Amounts owed                     8 137 045 5 157 689 520 051 329 636

Amounts owed to

 the central bank                        0         0       0       0

Amounts owed to the

 credit institutions             3 015 836 1 110 250 192 747  70 958

Amounts owed to the clients

 of credit institutions          5 110 060 4 031 512 326 592 257 660

Amounts owed from insurance

 and reinsurance activities              0         0       0       0

Other amounts owed                  11 149    15 927     713   1 018

Liabilities related

 to securities                     331 442   995 593  21 183  63 630

Issued debt securities             284 618   922 059  18 190  58 930

Derivatives                         46 824    73 534   2 993   4 700

Other liabilities related

 to securities                           0         0       0       0

Other liabilities                  198 169   169 277  12 665  10 819

Accruals and

 deferred income                   157 115   141 296  10 041   9 030

Provisions                               0         0       0       0

Technical provisions for

 insurance activities                    0         0       0       0

Pension reserve                          0         0       0       0

Other provisions                         0         0       0       0

Subordinated liabilities           249 281   213 849  15 932  13 667

Minority interests                       0         0       0       0

Total liabilities                9 073 052 6 677 704 579 872 426 782

Share capital                      323 111   323 111  20 651  20 651

Paid in capital over par            17 081    17 081   1 092   1 092

General banking reserve                  0         0       0       0

Mandatory reserve                    9 025     4 695     577     300

Other reserves                           0         0       0       0

Unrealised rate

 differences                             0         0       0       0

Profit or loss retained            171 651    89 382  10 970   5 713

Profit or loss for

 the financial year                107 770    86 599   6 888   5 535

Own shares                               0         0       0       0

Total owners´equity                628 638   520 868  40 177  33 289

TOTAL LIABILITIES AND

 OWNERS´EQUITY                   9 701 690 7 198 572 620 049 460 071





CONSOLIDATED INCOME STATEMENT

(unaudited, in thousands of kroons)

                                    31.12.04 31.12.03 2004 Q4 2003 Q4



Interest income                      427 680 371 774 120 551  97 881

Interest income from

 banking activities                  323 732 284 664  91 376  74 381

Interest income

 from leasing activities             103 933  87 110  29 171  23 500

Other interest income                     15       0       4       0

Interest expense                     154 410 144 419  41 084  34 109

Interest expense from

 banking activities                  154 350 144 315  41 071  34 088

Interest expense from

 leasing activities                       60     104      13      21

Other interest expense                     0       0       0       0

Net interest income (loss) (+/-)     273 270 228 259  79 467  64 676

Income and expenses

 from insurance activities                 0       0       0       0

Insurance premiums                         0       0       0       0

Insurance compensations and

 change in reserves                        0       0       0       0

Income from securities                     0   1 099       0       0

Equity method gains (losses) (+/-)         0       0       0       0

Profit/loss from sales of

 long-term securities                      0   1 099       0       0

Dividends on long-term securities          0       0       0       0

Net fee and commission income         88 133  67 176  13 726  15 079

Fee and commission income            122 674  89 300  30 741  22 226

Fee and commission expense            34 541  22 124  17 015   7 147

Net profit (loss) on financial

 operations (+/-)                     46 136  49 331  12 047  11 061

Profit/income                         46 136  49 331  12 047  11 061

Loss/expense                               0       0       0       0

General administrative expenses      247 695 229 495  82 981  74 114

Salaries expense                     107 758  98 065  31 363  27 646

Social security expense               36 356  32 484  10 831   9 160

Pension expense (non-state)                0       0       0       0

Other administrative expenses        103 581  98 946  40 787  37 308

Value adjustments in

 investment property and tangible

 and intangible fixed assets (+/-)  - 22 321- 16 162 - 8 160 - 4 556

Profit/income                              0       0       0       0

Loss/expense                          22 321  16 162   8 160   4 556

Value adjustments in loans

 and off-balance sheet items (+/-)  - 27 095- 16 146 - 6 977 - 4 309

Profit/income                          1 124   1 306     385     652

Loss/expense                          28 219  17 452   7 362  29 943

Value adjustments in

 long-term investments (+/-)               0       0       0       0

Income                                     0       0       0       0

Expense                                    0       0       0       0

Other operating income (+/-)         - 2 658   3 441 - 1 769     132

Other operating revenue               10 761   9 723   7 062   2 204

Other operating expenses              13 419   6 282   8 831   2 072

Extraordinary

 income/expenses (+/-)                     0       0       0       0

Extraordinary income                       0       0       0       0

Extraordinary expenses                     0       0       0       0

Profit before taxes (+/-)            107 770  86 599   5 353   7 065

Income tax expenses                        0       0       0       0

Income tax for reporting period            0       0       0       0

Change in deferred

 income tax liability (+/-)                0       0       0       0

Minority share of profits                  0       0       0       0

PROFIT FOR THE

 REPORTING PERIOD (+/-)              107 770  86 599   5 353   7 065





CONSOLIDATED INCOME STATEMENT

(unaudited, in thousands of euros)

                                    31.12.04 31.12.03 2004 Q4 2003 Q4



Interest income                       27 334  23 761   7 705   6 256

Interest income from

 banking activities                   20 690  18 193   5 840   4 754

Interest income

 from leasing activities               6 643   5 567   1 864   1 502

Other interest income                      1       0       0       0

Interest expense                       9 869   9 230   2 626   2 180

Interest expense from

 banking activities                    9 865   9 223   2 625   2 179

Interest expense from

 leasing activities                        4       7       1       1

Other interest expense                     0       0       0       0

Net interest income (loss) (+/-)      17 465  14 588   5 079   4 134

Income and expenses

 from insurance activities                 0       0       0       0

Insurance premiums                         0       0       0       0

Insurance compensations and

 change in reserves                        0       0       0       0

Income from securities                     0      70       0       0

Equity method gains (losses) (+/-)         0       0       0       0

Profit/loss from sales of

 long-term securities                      0      70       0       0

Dividends on long-term securities          0       0       0       0

Net fee and commission income          5 633   4 293     877     964

Fee and commission income              7 840   5 707   1 965   1 421

Fee and commission expense             2 208   1 414   1 087     457

Net profit (loss) on financial

 operations (+/-)                      2 949   3 153     770     707

Profit/income                          2 949   3 153     770     707

Loss/expense                               0       0       0       0

General administrative expenses       15 831  14 667   5 303   4 737

Salaries expense                       6 887   6 267   2 004   1 767

Social security expense                2 324   2 076     692     585

Pension expense (non-state)                0       0       0       0

Other administrative expenses          6 620   6 324   2 607   2 384

Value adjustments in

 investment property and tangible

 and intangible fixed assets (+/-)   - 1 427 - 1 033  -  522  -  291

Profit/income                              0       0       0       0

Loss/expense                           1 427   1 033     522     291

Value adjustments in loans

 and off-balance sheet items (+/-)   - 1 732 - 1 032  -  446  -  275

Profit/income                             72      83      25      42

Loss/expense                           1 804   1 115     471   1 914

Value adjustments in

 long-term investments (+/-)               0       0       0       0

Income                                     0       0       0       0

Expense                                    0       0       0       0

Other operating income (+/-)          -  170     220  -  113       8

Other operating revenue                  688     621     451     141

Other operating expenses                 858     401     564     132

Extraordinary

 income/expenses (+/-)                     0       0       0       0

Extraordinary income                       0       0       0       0

Extraordinary expenses                     0       0       0       0

Profit before taxes (+/-)              6 888   5 535     342     452

Income tax expenses                        0       0       0       0

Income tax for reporting period            0       0       0       0

Change in deferred

 income tax liability (+/-)                0       0       0       0

Minority share of profits                  0       0       0       0

PROFIT FOR THE

 REPORTING PERIOD (+/-)                6 888   5 535     342     452





Anneli Rõuk

Communication Manager

tel +372 630 2103