AS EESTI ÜHISPANK

INCOME STATEMENT

01.01.-31.03.99

 

 

				

in million EEK		

Unconsolidated, unaudited (excl.1998)						

     

 

	                             I Quarter            1998  I Quarter						

                                       1999                       1998						

						

Interest income                       307.2           1,108.8    217.5						

Interest expenses                    -184.0            -637.6   -140.5						

Net interest income                   123.2             471.2     77.0						

						

Fees and commissions received          46.4             229.9     48.8						

Fees and commissions paid             -15.4            -105.1    -18.3						

Net income from fees & commissions     31.0             124.8     30.5						

						

Income from securities						

   and currency dealing profits        23.5            -132.5     41.2						

Other operating income                  7.6              21.1      2.9						

						

TOTAL OPERATING INCOME                185.3             484.6    151.6						

						

Personnel expenses                    -54.0            -182.1    -29.9						

Other administrative expenses         -41.0            -172.8    -31.5						

Value adjustments of tangible and						

intangible assets and depreciation    -45.2            -105.5    -13.9						

Other operating expenses              -11.0             -31.4     -1.9						

						

TOTAL OPERATING EXPENSES             -151.2            -491.8    -77.2						

						

OPERATING PROFIT                       34.1              -7.2     74.4						

						

Income from subsidaries                -7.9             -43.7     11.5						

						

Value adjustments of advances and						

   off-balance sheet items             -6.2            -332.5     -4.6						

						

NET PROFIT (-LOSS)                     20.0            -383.4     81.3