AS HANSAPANK

ANNOUNCEMENT

19.07.99

 

HANSABANKA                      

BALANCE SHEET                   

(LVL in thousands, unaudited)          30.06.99        31.12.98       30.06.98

                        

Cash                                     10,980           9,754          4,859 

Due from Central Bank                    18,020          19,518          1,117 

Due from credit institutions             43,437          28,181         13,368 

Liquidity portfolio                      17,749              -   	     - 

Securities held for trading purposes      1,384          10,438         13,524 

Securities held for investment            4,530           2,080            385 

Loans and advances to customers (net)    57,862          58,169         46,768 

    Short-term loans                     32,792          28,296         22,093 

    Long-term loans                      29,507          33,803         25,597 

    Provisions                          (4,437)         (3,930)          (922)

Fixed assets                             13,875          14,159          7,724 

Accrued interest receivable 

and other assets                          3,401           2,300          1,969 

Total assets                            171,237         144,598         89,713 

                        

Due to Central Bank and government          293           3,415             - 

Due to other credit institutions          9,292          11,637         16,116 

Deposits from customers                 144,626         110,907         63,004 

    Demand deposits                     112,245          78,188         41,707 

    Time deposits                        32,381          32,719         21,296 

Accrued interest payable and other 

liabilities                               2,624           4,788          1,492 

Provision for deferred taxation             160             160            160 

Subordinated debt                         2,819           2,703          2,408 

Total liabilities                       159,813         133,609         83,180 

                        

Common stock                             14,543          14,543          6,600 

Capital reserves                            135             135            135 

Accumulated losses                      (3,689)           (448)          (448)

Profit for current year 		    434         (3,241)            246 

Total liabilities and 

shareholders' equity                    171,237         144,598         89,713