AS OPTIVA PANK

BALANCE SHEET

31.03.99

 

 

unaudited, unconsolidated

EEK in thousands

 

                                                                            12/31/98             3/31/99

									    

 

ASSETS                                                                      

Cash in hand                                                                  59,677              73,862

Demand deposits with banks                                                   345,473             378,847

Interest-bearing deposits with banks                                              31             155,026

Short-term investments in shares                                               2,594               5,068

Securities purchased under resale agreements                                  14,219               9,063

Loans to clients                                                           2,288,770           2,144,186

Allowances for loan losses                                                  -228,445            -228,367

Net loans                                                                  2,060,325           1,915,819

Long-term financial investments in debt securities                           265,935             391,569

Long-term financial investments in shares                                    137,747             128,638

Tangible assets                                                               13,880              12,779

Intangible assets                                                            139,397             132,050

Other assets                                                                 134,508             144,472

 

TOTAL ASSETS                                                               3,173,786           3,347,193

 

 

LIABILITIES

Current accounts                                                             550,839             607,319

Time deposits                                                                326,164             410,662

Loans from banks                                                             688,774             686,405

Borrowings from government                                                   115,492             115,472

Debts evidenced by certificates                                              816,509             782,512

Clearing accounts                                                             94,909             169,258

Other liabilities                                                             48,632              41,523

Subordinated debt                                                            194,500             194,500

TOTAL LIABILITIES                                                          2,835,819           3,007,651

 

OWNERS' EQUITY

Share capital                                                                412,559             412,559

Share premium account                                                         60,602              60,602

General banking reserve                                                       44,812              44,812

Other reserves                                                                 4,665               4,665

Retained earnings from priors years                                           80,303            -184,670

Profit/Loss  for the financial year                                         -264,974               1,574

TOTAL OWNERS' EQUITY                                                         337,967             339,542

 

TOTAL LIABILITIES AND OWNERS' EQUITY                                       3,173,786           3,347,193

 

CAPITAL ADEQUACY                                                                11.5                11.9