EESTI ÜHISPANK

BALANCE SHEET



BALANCE SHEET AS OF 30. NOV 99



Bank,

Unaudited (EEK million)                   30.11.99  31.10.99  30.11.98



Assets

Cash                                         347.6     308.9     332.3

Due from central bank                        987.2   1,068.9     939.3

Due from other banks                       1,175.3   1,174.2     141.7

Total cash and due from banks              2,510.1   2,552.0   1,413.3

Loans to curstomers                        8,166.8   8,040.9   8,050.1

     Less: provisions                       -222.7    -223.6    -324.1

Loans to customers net                     7,944.1   7,817.3   7,726.0

Fixed income securities                    1,213.1   1,193.4   2,387.0

Securities held pursuant to

   repurchase arrangements                     0.0       0.0       5.5

Investments

   in subsidaries                            604.9     606.7     397.2

Other long term investments                  580.1     582.2     123.5

Other shares and participations               22.9      26.7      75.6

Goodwill                                     499.0     503.8     337.0

Fixed assets                                 600.5     614.2     643.2

Accruals and prepaid expenses                180.4     170.8     235.7

Other assets                                 146.1     249.9     194.8



Total assets                              14,301.2  14,317.0  13,538.9







Liabilities and shareholders' equity

Customers demand deposits                  4,589.5   4,397.6   3,418.2

Customers time deposits                    3,862.3   4,023.6   3,960.5

Total customers deposits                   8,451.8   8,421.2   7,378.7

Due to credit institutions                 1,034.7   1,019.3   1,410.0

Bonds                                      1,851.6   1,845.9   2,099.1

Subordinated loans                           500.5     515.5     515.5

Total interest bearing liabilities        11,838.6  11,801.9  11,403.3

incl.demand                                4,612.5   4,411.0   3,435.4

     time                                  7,226.1   7,390.9   7,968.0

Accrued expenses and deferred income         188.6     191.1     209.1

Other liabilities                            257.9     318.6     364.0



Total liabilities                         12,285.1  12,311.6  11,976.4



Shareholders' equity

Share capital                                665.6     665.6     511.5

Paid in surplus                            1,346.6   1,346.7     891.9

Reserves                                     298.5     297.0     298.5

Non-distributed profit/-loss

   of previous year                         -383.4    -383.4        -

Non-distributed

   profit/loss                                88.8      79.5    -139.4

Total shareholders' equity                 2,016.1   2,005.4   1,562.5

Total liabilities & shareholders' equity  14,301.2  14,317.0  13,538.9





Urmas Neetar

head of reporting dept.

6 656 390