HANSAPANK

BALANCE SHEET



LATVIAN HANSABANKA'S BALANCE SHEET, 31.12.01



HANSABANKA                                                

BALANCE SHEET                       consolidated           

(LVL in thousands, audited)            31.12.01   31.12.00

                                                     

Cash                                     29,400     21,773

Due from Central Bank                    32,602     19,222

Due from credit institutions             68,339     29,180

Securities held for trading              57,776     92,523

Securities held to maturity               9,607      9,749

Securities available for sale               125        403

Investments in subsidiaries                  11          3

Derivative assets                         2,952          -

Loans and advances to customers         322,042    163,958

(net)

    Short-term loans                    100,828     75,878

    Long-term loans                     225,531     92,626

    Provisions                           (4,317)    (4,546)

Goodwill                                  2,067      2,789

Fixed assets                             17,185     15,729

Other assets                             14,567      4,787

Total assets                            556,673    360,116

                                                          

Due to other credit institutions         35,177     10,835

Borrowings from the public                2,059          -

Deposits from customers                 424,002    285,763

    Demand deposits                     266,952    158,632

    Time deposits                       157,050    127,131

Debt securities issued                        -        106

Derivative liabilities                    1,869          -

Other liabilities                        38,099     26,161

Subordinated debt                         6,908      6,864

Total liabilities                       508,114    329,729

                                                          

Common stock                             40,043     28,043

Capital reserves                            135        135

Accumulated losses                        2,209     (2,639)

Profit for current year                   6,172      4,848

Total shareholders’ equity               48,559     30,387

Total liabilities and shareholders'     556,673    360,116

equity





Mart Tõevere

Head of investor relations

+372 6131 569