1 HANSABANK’s Q FINANCIAL RESULTS
2 Highlights: Q Group LTB privatisation agreement signed on April 23 Total revenues up by 24.3% compared to Q Operating expenses up by 23.4% Net profit up by 25.8%, EPS 1.3 euros Cost-income ratio at 46.7% (46.2% in Q1 2000) ROE improved to 27.1% (from 25.4% in Q1 2000) Total capital adequacy 16.8% Hansabank 243,000 hanza.net users Estonia Share of transfers through electronic channels over 90% Retail mortgage portfolio: +46% to EUR 166 million Hansa Capital Loan growth yoy 63.2% Net profit growth yoy 52.6% Cost-income ratio 27.1% Net risk cost at 0.33% of the average portfolio.
3 Highlights: Q Hansabank New corporate investment projects worth EUR 42 million, Markets improvement in asset quality. Largest capital raiser in the Baltics: EUR 64 million of equity and debt transactions. Largest custodian, assets EUR 2.2 billion Largest asset manager, EUR 109 million, 30% growth during Q Hansabanka ROE at 16.3% (Latvia)Deposits up 66.9% yoy 30,300 hanza.net users Hansabankas Deposits at EUR 85.3 million (Lithuania)Loans at EUR 43.2 million 2,400 hanza.net users
4 Income Statement EUR in millions Q1 2001Q Change Net interest income % Non-interest income % Total revenues % Operating expenses % Provisions, net % Profit before tax % Net profit % ROE27.1%25.4% Cost-income ratio46.7%46.2%
5 Revenues EUR in millions Q1 2001Q Change Net interest income % Fees and commissions, net % Income from financial operations % Other income % Total revenue %
6 Expenses EUR in millions Q1 2001Q Change Personnel expenses % IT expenses % Administrative expenses % Other expenses % Depreciation % Total operating expenses % Provisions, net % Other income/(expense), net Tax and minority interest Net profit %
7 Net Profit by Business Units These numbers represent the results of business units, not legal entitities
8 Balance Sheet EUR in millions Mar 01Mar 00 Change Loans1,8541, % Deposits1,946 1, % Shareholders’ equity % Total assets3,104 2, % Assets under management % Risk-weighted assets2,250 1, % Tier I capital adequacy15.8% 17.5% Total capital adequacy16.8% 19.2% ROA3.5%3.8%
9 Net Profit and Total Assets Net ProfitTotal Assets
10 Strategical Ratios ROENIM
11 Cost / Income RatioNon-interest Margin Strategical Ratios (continued)
12 Risk Management EUR in millions Mar 01Mar 00 Change Loans1,854 1, % Loan loss reserve (LLR) % LLR / Loans2.40% 3.15% Loan write-offs % Loan recoveries % Loans overdue more than 60 days (NPL) % NPL / Loans0.65%1.60% Net risk cost*0.00%0.44% * (write offs – recoveries) / average loans
13 Shareholder Value Statement Mar 01Mar 00 Change Share price (EUR) % Market capitalisation (EUR mil) EPS (EUR) % P/E P/B Daily turnover (incl. OTC) (EUR mil)
14 EVA by business units EUR in millions Q1 2001Q Hansapank Estonia Hansabanka Hansabankas Hansa Capital Hansabank Markets Group Treasury Group total