EESTI FOREKSPANK

INCOME STATEMENT

01.01-30.09.98

 

consolidated, unaudited

in thousand EEK

                                                           9 months 98     9 months 97

       Interest income                                        168,154        98,597

       Interest expense                                        65,778        35,315

 Net interest income                                          102,376        63,282

       Loan provisions		                               27,113         8,215

       Loans repaid                                                39           124

 Net interest income after loan provisions                     75,302        55,190

 

 Non-interest income

      Fees and commissions received                            50,073        52,233

      Income from forex-operations                             24,348        41,010

      Income from current securities investments              -44,049        66,717

      Income from non-current securities investments          -42,248             0

      Other income                                             17,644        31,413

  Total non-interest income                                     5,768       191,374

 

 Total income                                                  81,070       246,565

 

 Non-interest expenses

      Fees and commissions paid		                        9,559        12,956

      Personnel expenses                                       47,111        36,360

      Administrative expenses                                  39,550        44,003

      Other expenses                                           19,937         1,938

      Revaluation of assets                                    39,264         2,396

      Genral provision                                              0        13,440

 Total non-interest expenses                                  155,421       111,093

 

 Operating income                                             -74,351       135,472

      Depreciation                                             20,214        23,215

 

 PROFIT BEFORE TAXES                                          -94,564       112,257

      Income tax                                                4,019        22,760

 GROSS PROFIT                                                 -98,583        89,497

      Minority interest                                          -193          -984

 GROSS PROFIT OF AFFILIATED GROUP                             -98,776        88,512