EESTI ÜHISPANK

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 06/2000



EESTI ÜHISPANK, INCOME STATEMENT, GROUP

(Millions of EEK)                         30.06.00  31.03.00  30.06.99



Interest income                              527.1     259.5     650.6

Interest expenses                           -286.9    -142.9    -354.2

Net Interest Income                          240.2     116.5     296.4



Dividends                                      0.3       0.0       2.2

Profit/loss from

    investment securities                      2.0       0.2     -13.7

Net insurance income                           6.6       2.4       0.7

Net commission income                        107.6      21.8      92.4

    Fees & commisions received               132.5      61.3     141.8

    Fees & commissions paid                  -24.8     -12.1     -49.4

Dealing profits/losses                        50.5      21.8      92.3

    from dealing securities                   11.1       6.7      39.4

    from dealing in foreign currencies        39.4      15.1      52.9

Other operating income                        39.9      19.7      31.8

Non-interest Income                          206.9      93.4     205.6



Total Income                                 447.2     210.0     502.1



Personnel expenses                           118.1      57.1     145.6

Other administrative expenses                 71.4      33.0      92.1

Value adjustments of intangible and tangible

    fixed assets and depreciation            102.3      51.8     128.3

Other operating expenses                      49.2      23.2      61.2

Operating Expenses                           341.0     165.1     427.1



Operating Profit/Loss before Provisions      106.1      44.8      75.0



Value adjustments of advances

  and off-balance sheet items                -27.8      -7.1     -36.0

    Provisions of credit instruments         -24.6     -10.0     -33.6

    Recoveries                                 5.2       2.9       9.5

    Other                                     -8.4        .0     -11.9



Operating Profit/Loss                         78.3      37.7      38.9



Value adjustments of investments             -31.5       0.0       6.7

Income/loss from associates                    1.8       0.0       1.3

Sale of associates and subsidiaries            0.0       0.0       0.0

Extraordinary items                            0.0       0.0       0.0



Profit/Loss before Taxes                      48.6      37.7      46.9

Income tax                                     0.0       0.0       1.2

Profit/Loss after Taxes                       48.6      37.7      45.7

Minority interest (equity)                     3.0       0.8       0.9

Net Profit/Loss                               45.5      36.9      44.9









EESTI ÜHISPANK, INCOME STATEMENT, BANK

(Millions of EEK)                         30.06.00  31.03.00  30.06.99



Interest income                              478.8     238.1     542.8

Interest expenses                           -260.3    -129.4    -302.0

Net Interest Income                          218.5     108.8     240.9



Dividends                                      0.3       0.0       0.5

Profit/loss from

    investment securities                      1.8       0.0     -16.0

Net commission income                         97.0      22.5      86.6

    Fees & commisions received               120.5      56.6     114.1

    Fees & commissions paid                  -23.5     -11.4     -27.5

Dealing profits/losses                        45.9      22.5      73.6

    from dealing securities                   10.6       6.2      36.6

    from dealing in foreign currencies        35.3      16.2      37.0

Other operating income                        14.8       7.1       8.3

Non-interest Income                          159.6      74.8     153.0

Total Income                                 378.1     183.6     393.9



Personnel expenses                           100.4      47.9     106.1

Other administrative expenses                 69.7      33.5      78.1

Value adjustments of intangible and tangible

    fixed assets and depreciation             89.1      44.9      93.8

Other operating expenses                      32.0      15.2      67.7

Operating Expenses                           291.2     141.4     345.7



Operating Profit/Loss before Provisions       86.9      42.1      48.2



Value adjustments of advances

  and off-balance sheet items                -14.4      -9.8       1.6

    Provisions of credit instruments         -23.7     -10.0       0.0

    Recoveries                                 9.4       0.1       1.5

    Other                                     -0.1       0.0       0.1



Operating Profit/Loss                         72.5      32.3      49.8



Value adjustments of investments             -32.2       0.0      -5.6

Income/loss from associates                    1.8       0.0       0.8

Sale of associates and subsidiaries            0.0       0.0       3.1

Extraordinary items                            0.0       0.0       0.0



Profit/Loss before Taxes                      42.0      32.3      48.1

Income tax                                     0.0       0.0       0.0

Net Profit/Loss                               42.0      32.3      48.1





Urmas Neetar

head of reporting dept.

6 656 390