HELSINKI, Finland, April 29, 2003 (PRIMEZONE) -- Hansabank Group (Other OTC:HNSBF):
Net profit EUR 34.6 million in Q1 2003, +10% qoq and +39% yoy - Operating profit before provisions +12% qoq and +57% yoy - Revenues EUR 84.8 million -4% qoq and +9% yoy - Expenses EUR 43.6 million -15% qoq and -16% yoy - Return on equity (ROE) 23.3% and return on assets (ROA) 2.6% - Significant improvement in cost efficiency: - Cost-income ratio decreased to 49.7% (60.2% in Q1 2002) - Cost to assets ratio decreased to 3.1% (4.0% in Q1 2002) - Deposit (+5%) and loan (+4%) growth in balance in Q1 2003 - EUR 300 million eurobond issue for refinancing maturing debt - Successful start to Russian leasing operations - leasing and trade finance risk assets at EUR 117 million at the end of the quarter (quarterly growth 43%)
The full release and the accompanying presentation can be read atHansabank's home page http://www.hansagroup.com