HANSAPANK

ANNOUNCEMENT

15.06.99

 

COMMENTARY TO THE BALANCE SHEET OF HANSAPANK PUBLISHED BY THE 

CENTRAL 

BANK

 

As a commentary to the balance sheet of Hansapank published today 

by 

the Central Bank of Estonia, we would like to say that as of June 

30, 

1999, Hansapank's total assets stood at EEK 23.37 billion. Bank's 

loan 

portfolio totalled EEK 12.14 billion, while clients' deposits 

amounted 

to EEK 13.63 billion. As of June 30 Hansapank's total shareholders' 

equity was EEK 4.39 billion. Hansapank's financial result for June 

was 

an EEK 43.6 million profit. The distribution of revenues was the 

following: 29.0% net interest income after provisions, 30.4% from 

trading income, 30.7% service fees and commissions received, and 

9.9% 

other income.

 

Unconsolidated data is insufficient for a full analysis of the 

share 

value of Hansapank. Hansapank will publish the consolidated semi-

annual results on July 28, 1999.

 

This commentary also includes the unconsolidated balance sheet of 

Hansapank as of June 30, 1999.

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569