HANSAPANK

INCOME STATEMENT



PUBLIC REPORT INCOME STATEMENT1999



Unconsolidated Income Statement

       (EEK in millions)                             1999     1998

 1     Interest income                            1,969.6  1,583.0

 1.1     loans                                    1,272.6    873.0

 1.2     deposits                                   109.0     80.7

 1.3     debt securities and fixed income           190.8    154.4

      securities

 1.4     derivatives                                354.1    469.0

 1.5     other                                       43.2      6.0

 2     Interest expense                             874.2    847.9

 2.1     loans                                      135.9    106.0

 2.2     demand deposits                            170.2     78.7

 2.3     time deposits                              283.2    302.4

 2.4     debt securities and fixed income            64.4     55.6

      securities

 2.5

 2.6     derivatives                                218.6    305.3

 2.7     other                                        1.9

 3     Net interest income (+/-)                  1,095.4    735.1

 4     Income from financial investments              2.3    101.9

 4.1     shares of subsidiaries                       0.0     97.4

 4.1.1     dividends                                          97.6

 4.1.2     income under equity method

 4.1.3     other (+/-)                                        -0.2

 4.2     shares of affiliated companies               0.1      0.0

 4.2.1     dividends                                  0.1

 4.2.2     income under equity method

 4.2.3     other (+/-)

 4.3     other shares                                 2.3      4.4

 4.3.1      dividends                                 2.3      4.4

 4.3.2      other (+/-)

 5     Fees and commissions received                498.5    381.8

 6     Fees and commissions paid                    151.8     97.4

 7     Net result of financial operations (+/-)     218.5    -68.6

 7.1     profit/income                              289.1    310.2

 7.2     loss/expense                                70.6    378.7

 8     Administrative expenses                      683.1    513.1

 8.1     salaries                                   248.5    181.7

 8.2     social tax                                  83.2     60.0

 8.3     pension expense

 8.4     other administrative expenses              351.4    271.4

 9     Change in the value of tangible and         -315.5   -158.5

      intangible assets (+/-)

 9.1     Income

 9.2     Expense                                    315.5    158.5

10     Net provisions                              -169.4   -264.8

10.1     Income (recoveries)                         87.7     31.7

10.2     Expense (provisions)                       257.1    296.5

11     Revaluation of long-term investments (+/-)    78.0    -11.4

11.1     Income                                      78.0

11.2     Expense                                              11.4

12     Other operating income                        63.4      4.5

13     Other operating expenses                     107.8     93.3

14     Extraordinary income

15     Extraordinary expenses

16     Profit before taxes                          528.4     16.3

17     Income tax                                   -11.9    -14.8

18     Net profit                                   540.3     31.1





Mart Tõevere

Analyst

+372 6131 569