EESTI ÜHISPANK

INCOME STATEMENT

31.03.99

 

Consolidated, unaudited

in million EEK

 

					   I Quarter         I Quarter					

Unaudited (EEK million)                       1999     1998       1998					

 

Interest income                              367.4   1,377.1     252.4					

Interest expenses                           -211.3    -727.5    -151.4					

Net interest income                          156.1     649.6     101.0					

 

Fees and commissions received                 62.3     271.2      75.7					

Fees and commissions paid                    -21.4    -116.7     -17.7					

Net income from fees and commissions          40.9     154.5      58.0

 

Income from securities and

    currency dealing profits                  36.2    -168.5      41.2

Other operating income                        22.2      58.4       5.0

 

TOTAL OPERATING INCOME                       255.4     694.0     205.2

 

Personnel expenses                           -73.7    -232.2     -32.9

Other administrative expenses                -61.1    -218.1     -33.8

Value adjustments of tangible and

   intangible assets and depreciation        -60.7    -134.3     -40.2

Other operating expenses                     -14.2     -37.1      -2.9

 

TOTAL OPERATING EXPENSES                    -209.7    -621.7    -109.8

 

OPERATING PROFIT                              45.7      72.3      95.4

 

Value adjustments of

   long term investments                      -8.4       8.2       0.0

 

Value adjustments of advances and

   off-balance sheet items                   -20.5    -474.5      -9.6

 

PROFIT BEFORE TAXES                           16.8    -394.0      85.8

 

Income tax                                    -0.3      -2.0      -4.2

Minority interest                             -1.8      12.6      -0.2

 

NET PROFIT                                    14.7    -383.4      81.4