HANSAPANK

BALANCE SHEET



CONSOLIDATED BALANCE SHEET (EUR), 31.03.01



(EUR in mil, unaudited)

                                   Group                    Bank      

                      31.03.01 31.12.00 31.03.00 31.03.01 31.12.00 31.03.00

                                                                       

Assets                                                                 

Cash                       72.4    87.8    62.9    36.7    47.8    37.8

Due from Central Bank     178.7   253.2   127.6   150.2   211.2   117.2

Due from other            244.3   117.4   209.3   188.4    99.6   137.2

financial institutions

Treasury securities       273.5   284.0   204.5    96.1   126.1   128.5

Trading securities         24.6    21.4    25.8    10.2    13.0    13.3

  Debt securities          21.1    16.1    18.5     6.8     7.9     7.0

  Equity                    3.5     5.4     7.3     3.5     5.1     6.3

Investment securities      70.9    75.5    72.9   190.9   181.3   176.2

  Debt securities          65.0    69.1    70.8    51.7    57.9    94.9

  Equity                    5.9     6.4     2.1   139.2   123.4    81.3

  Incl. Subsidiaries         -       -       -   136.4   121.1    80.1

        Associates          1.3     1.1     1.1     1.3     1.0     0.5

        Other               4.6     5.3     1.0     1.5     1.2     0.8

Securities purchased      151.9    74.1     5.7   139.2    51.7     4.6

under resale agreements

Loans                   1,854.1 1,761.5 1,303.3 1,382.7 1,328.1   938.4

  - Allowances for        -44.6   -43.1   -41.0   -13.8   -12.7   -17.7

credit losses

Net loans               1,809.6 1,718.4 1,262.3 1,368.9 1,315.4   920.7

Tangible assets            84.0    81.5    71.7    35.1    34.1    37.9

Intangible assets          24.1    26.9    32.4    20.1    22.6    32.5

Prepayments and accrued   144.2   142.4   101.3    33.4    36.8    31.0

interest

Other assets               24.1    31.4    40.7    11.3    17.9    28.1

Total assets            3,102.4 2,914.1 2,217.2 2,280.7 2,157.6 1,665.1

                                                                       

Liabilities                                                            

Due to Central Bank and     8.4     9.0    11.8     8.4     9.0     9.9

government

Due to other financial    268.5   250.7   283.8   164.5   160.3   154.3

institutions

Deposits                1,945.8 1,867.9 1,374.9 1,333.6 1,317.6 1,025.8

   Demand deposits      1,210.1 1,187.1   931.5   882.6   886.6   715.3

   Time deposits          735.6   680.8   443.5   451.0   431.1   310.5

Securities sold under      13.9       -       -    31.2    11.9       -

repurchase agreements

Debt securities issued    259.2   191.3    66.5   247.1   177.1    35.6

to the public

Accrued liabilities        84.7    86.0    60.0    34.3    39.3    37.3

Appropriations             26.1    25.9    16.8     2.0     3.9       -

Other liabilities          65.2    90.2    32.5    35.6    51.5    29.7

Total liabilities       2,671.8 2,521.1 1,846.3 1,856.6 1,770.7 1,292.6

Minority ownership          1.6     1.5     1.5                        

                                                                       

Subordinated               23.8    23.4    30.3    18.5    18.5    25.4

liabilities

Shareholders' equity                                                   

Common stock               50.4    50.3    50.3    50.4    50.3    50.3

Share premium             176.5   176.2   176.2   176.5   176.2   176.2

Treasury stock             -2.3    -8.2    -7.4    -2.0    -7.9       -

Reserves                   28.2    28.2    27.9    26.9    26.9    26.9

Other restricted equity     6.4     6.4     1.3       -       -       -

Currency translation        7.2     2.3     4.0       -       -       -

reserve

Retained earnings         138.8   112.7    86.8   153.9   122.9    93.7

Total shareholders'       405.2   368.0   339.1   405.6   368.4   347.1

equity

Total liabilities and   3,102.4 2,914.1 2,217.2 2,280.7 2,157.5 1,665.1

shareholders' equity





Mart Tõevere

Head of investor relations

+372 613 1569