AS HANSAPANK

INCOME STATEMENT

31.12.98 – 30.09.99

 

Consolidated, unaudited

 

 

Income Statement                                                              Group                                   Bank

(EEK in mil., unaudited)                                        9 m 99          1998      9 m 98       9 m 99          1998      9 m 98

 

Net interest income

Interest income                                                1,763.00     1,794.50     1,285.70     1,153.50     1,108.20          704

Interest expense                                                  658.2        770.8        617.6          498        542.5        344.7

Net interest income                                            1,104.80     1,023.70        668.1        655.5        565.7        359.3

Provision for credit and guarantee losses                         361.1        594.3        112.3        197.3          324         71.7

Recovered loans                                                    52.5           49         15.9         46.9         16.6          3.4

Net interest income after provisions                              796.2        478.4        571.7        505.1        258.3          291

 

Non-interest income

Trading income                                                    400.9        127.8         -9.7        365.6         69.4        -39.8

   incl. provisions on financial instruments                      -13.5        -32.3        -66.2            2        -30.7          -66

Dividends                                                           4.4            7            6          2.3        101.8        101.6

Fees and commissions                                              560.3        511.4        333.9        400.9        381.4        257.4

Net income from insurance activities                               49.6         59.4         36.3

Other income                                                      121.4         69.1         51.1         30.8         14.9          8.1

Total non-interest income                                      1,136.60        774.7        417.6        799.6        567.5        327.3

Income from subsidiaries and affiliated companies                  99.3        -10.7         -9.9

Total revenue                                                  2,032.10     1,242.40        979.4     1,304.60        825.8        618.3

 

Non-interest expenses

Service fees paid                                                 157.9        156.9         99.4        151.6          126         80.5

Personnel expenses                                                414.5        422.3        288.5          247        245.5        178.2

Data network expenses                                              74.6           42         31.3         58.2         41.2         24.6

Administration expenses                                           284.1        342.2        213.9        152.4        194.2          133

Other expenses                                                    242.6        195.3         52.8        196.5        129.6         27.4

Total non-interest expenses                                    1,173.70     1,158.70        685.9        805.7        736.5        443.8

Net operating revenue                                             858.3         83.7        293.5        498.9         89.3        174.5

Depreciation                                                      149.7          143         89.2         79.2           73         47.8

Net income before income tax                                      708.6        -59.3        204.3        419.7         16.3        126.7

Appropriations                                                     71.3-                     -2.8         74.3-             -

Income tax                                                         59.9         -6.5         39.1-                    -14.8         -2.8

Income/(Loss) attributable to minority owners                       2.8          7.7         -0.7

Net income                                                        574.6        -60.5        168.7        345.4         31.1        129.6