EESTI ÜHISPANK

INCOME STATEMENT  

01.01-31.12.98

 

 

Consolidated and un-consolidated, audited

(Millions of EEK)                                       Group     Bank

                                                       1998.0   1998.0

 

Interest income                                        1377.1   1108.8

Interest expenses                                      -727.5   -637.6

Net Interest Income                                     649.7    471.2

 

Dividends                                                 5.1      5.1

Profit/loss from investment securities                  -45.0    -45.0

 

Net commission income                                   154.5    124.9

    Fees & commissions received                         271.2    229.9

    Fees & commissions paid                            -116.7   -105.1

 

Dealing profits/losses                                 -128.6    -92.8

    Profit/loss from dealing securities                -170.2   -174.3

    Profit/loss from dealing in foreign currencies       41.6     81.5

 

Other operating income                                   58.4     21.1

 

Non-interest Income                                      44.3     13.3

 

Total Income                                            694.0    484.5

 

Personnel expenses                                      232.1    182.1

Other administrative expenses                           218.2    172.8

Value adjustments of intangible

  and tangible fixed assets and depreciation            134.3    105.5

Other operating expenses                                 37.1     31.4

Operating Expenses                                      621.7    491.8

 

Operating Profit / Loss before Provisions                72.3     -7.2

Value adjustments of advances

    and off-balance sheet items                        -474.5   -332.5

 

Operating Profit / Loss                                -402.2   -339.7

Income/loss from subsidiaries (equity method)              -     -43.8

Value-adjustments of investments in subsidiaries          8.4      0.0

Income/loss from associates                              -0.3      0.1

 

Profit / Loss before Taxes                             -394.0   -383.4

Income tax                                                2.0      0.0

 

Profit / Loss after Taxes                              -396.0   -383.4

Minority interest (equity)                              -12.7       -

 

Net Profit / Loss for the Financial Year               -383.4   -383.4