HANSAPANK

INCOME STATEMENT



LATVIAN DAUGHTER BANK'S INCOME STATEMENT, 1ST Q 2000



HANSABANKA                                                      

INCOME STATEMENT                                                

                                                                

(LVL in thousands)                   3 m 2000     1999  3 m 1999

                                                                

Interest income                         3,647   10,586     2,340

Interest expense                      (1,361)  (3,490)     (876)

Net interest income                     2,286    7,096     1,464

                                                                

Fees and commissions, received          1,745    6,128     1,239

Fees and commissions, paid              (205)    (744)     (166)

Fees and commissions, net               1,540    5,384     1,073

                                                                

Net result from financial               1,426    4,012       730

operations

Dividends                                   -       36         -

Other income                               58      179        21

Total revenues                          5,310   16,707     3,288

                                                                

Personnel expenses                    (1,302)  (4,345)   (1,060)

Data network expenses                   (114)    (628)     (181)

Administration expenses                 (922)  (3,669)     (872)

Other operating expenses                (316)    (970)     (142)

Depreciation                            (826)  (3,144)     (785)

Total non-interest expenses           (3,480) (12,756)   (3,040)

Loan losses                             (794)  (2,946)     (150)

Other losses                            (117)    (557)          

Recovered loans previously written-       283      442        41

off

Net operating profit before             1,202      890       139

taxation

Tax                                         -      160         -

Net profit                              1,202    1,050       139





Mart Tõevere

Investor relations

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