AS OPTIVA PANK

BALANCE SHEET

31.03.99

 

(EEK in thousands, consolidated)

                                                                    31-03-99           31-12-98

ASSETS

Cash in hand                                                          73,863             59,678

Demand deposits with banks                                           379,688            346,012

Interest-bearing deposits with banks                                 155,026                 31

Short-term investments in shares                                      44,029             45,606

Securities purchased under resale agreements                           9,063             14,219

Loans to clients                                                   2,174,761          2,201,894

Allowances for loan losses                                          -234,153           -232,983

Net loans                                                          1,940,608          1,968,911

Long-term financial investments in debt securities                   175,462            172,690

Long-term financial investments in shares                            104,629            100,079

Tangible assets                                                      230,335            225,576

Intangible assets                                                    132,264            140,168

Other assets                                                         128,682            126,486

TOTAL ASSETS                                                       3,373,649          3,199,454

 

 

LIABILITIES

Current accounts                                                     605,166            544,265

Time deposits                                                        412,162            328,914

Loans from banks                                                     697,594            700,169

Borrowings from government                                           115,472            115,493

Debts evidenced by certificates                                      783,512            817,509

Clearing accounts                                                    169,257             99,869

Other liabilities                                                     54,822             60,095

Subordinated debt                                                    194,500            194,500

TOTAL LIABILITIES                                                  3,032,486          2,860,813

Minority interests                                                     2,731              2,701

OWNERS' EQUITY

Share capital                                                        412,559            412,559

Treasury shares                                                       -2,528             -2,027

Share premium account                                                 60,602             60,602

General banking reserve                                               44,811             44,811

Mandatory reserve                                                      4,118              4,118

Other reserves                                                           547                547

Retained earnings from priors years                                 -184,670           -184,670

Profit/Loss  for the financial year                                    2,992                  0

TOTAL OWNERS' EQUITY                                                 338,432            335,940

TOTAL LIABILITIES AND OWNERS' EQUITY                               3,373,649          3,199,454