HANSAPANK

REPORT



CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY, 2001



Consolidated statements of changes         EEK              EUR

in shareholders' equity

(in millions, unaudited)              2001     2000     2001     2000

                                                                     

Share capital                                                        

Balance at the beginning of the      787.6    787.6     50.3     50.3

year

Issue of common stock                  1.0        -      0.1        -

Balance at the end of the period     788.6    787.6     50.4     50.3

                                                                     

Share premium                                                        

Balance at the beginning of the    2,757.7  2,757.1    176.2    176.2

year

Proceeds from sales of stock           4.4      0.6      0.3        -

Balance at the end of the period   2,762.1  2,757.7    176.5    176.2

                                                                     

Treasury shares                                                      

Balance at the beginning of the     -128.5   -122.2     -8.2     -7.8

year

Net change in treasury shares         91.0     -6.3      5.8     -0.4

Balance at the end of the period     -37.5   -128.5     -2.4     -8.2

                                                                     

Reserves-general banking reserve                                     

Balance at the beginning of the      341.7    341.7     21.8     21.8

year

Balance at the end of the period     341.7    341.7     21.8     21.8

                                                                     

Reserves-statuory reserve                                            

Balance at the beginning of the       98.8     94.8      6.3      6.1

year

Appropriations to statutory reserve   10.4      4.0      0.7      0.3

Balance at the end of the period     109.2     98.8      7.0      6.4

                                                                     

Other reserves - stock dividendsof subsidiaries

Balance at the beginning of the year 100.5     20.5      6.4      1.3

Net change in currency translation       -     80.0        -      5.1

reserve

Balance at the end of the period     100.5    100.5      6.4      6.4

                                                                     

Currency translation reserve                                         

Balance at the beginning of the year  36.7     38.3      2.3      2.4

Net change in currency translation    51.5     -1.6      3.4     -0.1

reserve

Balance at the end of the period      88.2     36.7      5.7      2.3

                                                                     

Retained earnings                                                    

Balance at the beginning of the    1,763.3  1,031.6    112.7     65.9

year

Net income                         1,693.2  1,200.4    108.2     76.7

Appropriations to reserves           -10.4     -4.0     -0.7     -0.3

Reclassification of exchange rate     -0.3      4.1        -      0.4

differences

Dividends paid                       -78.9   -388.8     -5.0    -24.8

Stock dividends of subsidiaries        0.0    -80.0        -     -5.1

Balance at the end of the period   3,366.9  1,763.3    215.2    112.8

                                                                     

Total shareholders' equity         7,519.7  5,757.8    480.6    368.0





Mart Tõevere

Head of investor relations

+372 6131 569