HANSAPANK

ANNOUNCEMENT

 

COMMENTARY TO AN ARTICLE BY NEWS AGENCY BNS

 

As a commentary to an article published today by news agency BNS, 

we

would like to say that the mentioned 1999 profit forecast of LVL 1

million for Hansabank’s Latvian subsidiary, Hansabanka, is 

unofficial.

Also the 25% ROE target for year 2002 is unofficial. Hansabanka’s

unaudited financial result for the first 9 months of 1999 was a LVL

827 thousand net profit.

After the completion of the long-term development plan and the

approval of the 3-year financial forecast, Hansapank will publish

through the stock exchange information system, the group’s more

important financial targets and strategies.

 

 

Mart Tõevere

Analyst

+372 6131 569