HANSAPANK

COMMENTARY TO FINANCIAL RESULTS



COMMENTARY TO THE BALANCE SHEET PUBLISHED BY CENTRAL BANK



As a commentary to the balance sheet of Hansabank published today by

the Central Bank of Estonia, we would like to say that as of December

31, 1999, Hansabank's total assets stood at EEK 25.81 billion. Bank's

loan portfolio totalled EEK 13.96 billion, while clients' deposits

amounted to EEK 15.38 billion. As of December 31 Hansabank's total

shareholders' equity was EEK 4.69 billion. Hansabank's financial

result for December, which was significantly affected by extraordinary

items (see press releases from Jan. 3 and Dec. 28), was an EEK 121.4

million profit. The distribution of revenues was the following: 60.5%

net interest income after provisions, 1.0% from trading income, 37.1%

service fees and commissions received, and 1.4% other income.



Unconsolidated data is insufficient for a full analysis of the share

value of Hansabank. Hansabank will publish its consolidated

preliminary results for 1999 on January 28.



This commentary also includes the unconsolidated balance sheet of

Hansabank as of December 31, 1999.





Mart Tõevere

Analyst

+372 6131 569