EESTI ÜHISPANK

INCOME STATEMENT



INCOME STATEMENTS Q3 2000



EESTI ÜHISPANK, INCOME STATEMENT, GROUP

(Millions of EEK)                         30.09.00  30.06.00  30.09.99



Interest income                              798.8     527.1     919.8

Interest expenses                           -436.2    -286.9    -498.4

Net Interest Income                          362.5     240.2     421.4



Dividends                                      0.6       0.3       3.0

Profit/loss from

    investment securities                      1.9       2.0      -9.3

Net insurance income                           9.8       6.6       2.0

Net commission income                        168.3     107.6     152.5

    Fees & commisions received               206.2     132.5     220.2

    Fees & commissions paid                  -37.8     -24.8     -67.7

Dealing profits/losses                        79.3      50.5     118.6

    from dealing securities                   18.4      11.1      44.7

    from dealing in foreign currencies        60.9      39.4      73.9

Other operating income                        62.6      39.9      47.2

Non-interest Income                          322.5     206.9     314.0



Total Income                                 685.1     447.2     735.4



Personnel expenses                           174.7     118.1     211.9

Other administrative expenses                106.1      71.4     135.8

Value adjustments of intangible and tangible

    fixed assets and depreciation            151.6     102.3     187.9

Other operating expenses                      74.9      49.2      89.0

Operating Expenses                           507.3     341.0     624.6



Operating Profit/Loss before Provisions      177.8     106.1     110.8



Value adjustments of advances

  and off-balance sheet items                -85.9     -27.8     -43.1

    Provisions of credit instruments         -74.2     -24.6     -50.8

    Recoveries                                 9.0       5.2      18.0

    Other                                    -20.8      -8.4     -10.3



Operating Profit/Loss                         91.8      78.3      67.7



Value adjustments of investments             -38.6     -31.5       6.8

Income/loss from associates                    1.8       1.8       1.9

Sale of associates and subsidiaries            0.0       0.0       0.0

Extraordinary items                            0.1       0.0       0.2



Profit/Loss before Taxes                      55.0      48.6      76.5

Income tax                                     0.0       0.0       1.2

Profit/Loss after Taxes                       55.0      48.6      75.3

Minority interest (equity)                     3.3       3.0       0.2

Net Profit/Loss                               51.7      45.5      75.1











EESTI ÜHISPANK, INCOME STATEMENT, BANK

(Millions of EEK)                         30.09.00  30.06.00  30.09.99



Interest income                              729.0     478.8     784.0

Interest expenses                           -398.4    -260.3    -432.2

Net Interest Income                          330.6     218.5     351.8



Dividends                                      0.6       0.3       1.2

Profit/loss from

    investment securities                      1.7       1.8     -11.5

Net insurance income                           0.0       0.0       0.0

Net commission income                        150.1      97.0     131.2

    Fees & commisions received               186.0     120.5     170.7

    Fees & commissions paid                  -35.9     -23.5     -39.5

Dealing profits/losses                        74.6      45.9      99.8

    from dealing securities                   17.8      10.6      43.9

    from dealing in foreign currencies        56.9      35.3      55.9

Other operating income                        22.2      14.8      15.3

Non-interest Income                          249.2     159.6     236.0



Total Income                                 579.8     378.1     587.8



Personnel expenses                           149.0     100.4     157.8

Other administrative expenses                102.7      69.7     116.2

Value adjustments of intangible and tangible

    fixed assets and depreciation            132.2      89.1     140.7

Other operating expenses                      51.0      32.0      93.4

Operating Expenses                           434.9     291.2     508.1



Operating Profit/Loss before Provisions      144.9      86.9      79.8



Value adjustments of advances

  and off-balance sheet items                -62.0     -14.4       1.9

    Provisions of credit instruments         -58.4     -23.7       0.0

    Recoveries                                12.6       9.4       1.8

    Other                                    -16.2      -0.1       0.1



Operating Profit/Loss                         82.9      72.5      81.7



Value adjustments of investments             -39.6     -32.2      -9.8

Income/loss from associates                    1.8       1.8       1.3

Sale of associates and subsidiaries            0.0       0.0       1.9

Extraordinary items                            0.0       0.0       0.0



Profit/Loss before Taxes                      45.1      42.0      75.1

Income tax                                     0.0       0.0       0.0

Profit/Loss after Taxes                       45.1      42.0      75.1

Net Profit/Loss                               45.1      42.0      75.1











EESTI ÜHISPANK, EARNINGS PER SHARE 30.09.00

                                                       GROUP     BANK

Number of shares at end of period                           66,562,381

Average number of shares, adjusted with issues              66,562,381



Price of shares (Tallinn, close 30.09.2000), EEK                 37.95



Earnings, EEKmio                                       54.9      45.1

  (Profit before extraordinary items-Taxes)



Earnings per share  (EPS), EEK                          1.10      0.90

Price/Earnigs ratio (P/E)                              34.50     42.17

Market price of shares at end of period, EEKmio     2,526.0   2,526.0

Book value of share, EEK                               23.96     23.80

Equity per share, EEK                                  31.32     31.14





Urmas Neetar

head of reporting department

+372 6 656 390