EESTI ÜHISPANK

BALANCE SHEET



CONSOLIDATED BALANCE SHEET 30/06/2000



EESTI ÜHISPANK, BALANCE SHEET, GROUP

(Millions of EEK)                         30.06.00  31.03.00  30.06.99



Assets

Cash on hand                                 371.2     324.2     549.2

Balances with the central bank             1,093.6   1,403.4     780.7

Loans and advances to banks                  564.9     434.0   2,208.1

Dealing and

liquidity securities                         299.3     254.7     211.4

      Equity                                  29.9       9.0      48.5

      debt (dealing)                          41.2      18.3      26.2

      debt (liquidity)                       228.2     227.5     136.7

Total liquid assets                        2,328.9   2,416.3   3,749.4

Loans and advances to customers            9,882.6   9,611.1   9,475.1

 Less: allowance for uncollectible loans    -196.6    -218.7    -342.1

Loans net                                  9,686.0   9,392.4   9,133.1

Investment securities                      1,130.3   1,247.7   1,573.7

      debt                                   280.5     378.6     645.9

      equity                                 849.8     869.0     927.8

Investments in associates                      8.6       6.0      37.3

Investments in subsidiaries                    0.0       0.0       0.0

Goodwill                                     504.0     519.7     523.0

Tangible fixed assets                      1,211.9   1,180.2   1,379.2

Other assets                                 417.3     473.5     671.2

Total Assets                              15,287.1  15,235.7  17,066.8



Liabilities

Amounts owed to credit institutions        1,747.7   1,425.7   2,000.2

Amounts owed to customers                  8,775.8   8,638.0   9,295.7

      demand                               4,603.3   4,207.9   4,837.8

      time and other deposits              4,172.6   4,430.1   4,457.9

Issued bonds                               1,607.8   2,077.5   2,376.0

Subordinated debt                            484.5     484.6     515.5

Total Interest Bearing Liabilities        12,615.8  12,625.8  14,187.4

Other liabilities (incl.tax liabilities)     591.1     540.6     904.9

Total Liabilities                         13,206.9  13,166.4  15,092.3



Minority interest (equity)                     0.2      -2.0       3.3



Equity

Subscribed share capital                     665.6     665.6     665.6

Share premium                              1,346.6   1,346.6   1,346.6

Reserves                                     298.5     298.5     298.5

Translation differences                       -1.9      -3.2      -1.1

Retained earnings                           -228.9    -236.2    -338.5

Total Equity                               2,080.0   2,071.3   1,971.2

Total Liabilities and Equity              15,287.1  15,235.7  17,066.8











EESTI ÜHISPANK, BALANCE SHEET, BANK

(Millions of EEK)                         30.06.00  31.03.00  30.06.99



Assets

Cash on hand                                 371.2     324.2     425.3

Balances with the central bank             1,093.6   1,403.4     752.8

Loans and advances to banks                  547.3     422.3   1,546.1

Dealing and

liquidity securities                         286.7     250.8     211.4

      Equity                                  18.3       6.0      48.5

      debt (dealing)                          41.2      18.3      26.2

      debt (liquidity)                       227.2     226.5     136.7

Total liquid assets                        2,298.7   2,400.6   2,935.6

Loans and advances to customers            9,187.4   8,782.3   7,684.2

 Less: allowance for uncollectible loans    -133.8    -153.6    -214.1

Loans net                                  9,053.6   8,628.7   7,470.1

Investment securities                      1,181.7   1,292.0   1,727.7

      debt                                   592.6     685.0   1,257.7

      equity                                 589.1     606.9     469.9

Investments in associates                      7.4       4.7      36.6

Investments in subsidiaries                  431.9     424.4     561.7

Goodwill                                     503.7     519.3     523.0

Tangible fixed assets                        616.8     612.8     646.3

Other assets                                 354.6     405.9     358.1

Total Assets                              14,448.5  14,288.5  14,259.0



Liabilities

Amounts owed to credit institutions        1,261.3     899.1     994.5

Amounts owed to customers                  8,774.0   8,651.3   8,418.3

      demand                               4,666.5   4,273.4   4,248.4

      time and other deposits              4,107.5   4,377.9   4,169.9

Issued bonds                               1,381.6   1,762.7   1,864.3

Subordinated debt                            484.5     484.6     515.5

Total Interest Bearing Liabilities        11,901.4  11,797.7  11,792.6

Other liabilities (incl.tax liabilities)     477.6     431.0     504.4

Total Liabilities                         12,379.0  12,228.7  12,297.0



Equity

Subscribed share capital                     665.6     665.6     665.6

Share premium                              1,346.6   1,346.6   1,346.6

Reserves                                     298.5     298.5     298.5

Retained earnings                           -241.2    -250.9    -348.7

Total Equity                               2,069.5   2,059.8   1,962.0

Total Liabilities and Equity              14,448.5  14,288.5  14,259.0





Urmas Neetar

head of reporting dept.

6 656 390