Hansabank: Hansa-LTB's Profit Forecast for 2003


HELSINKI, Finland, March 13, 2003 (PRIMEZONE) -- Hansabank (OTHER OTC:HNSBF): according to the Lithuanian Commercial Code, companies have to present to the Annual General Meeting also their financial forecasts for the next year.

Hansa-LTB 2003 profit forecast is the following:


 (LTL in thousands)         2003 forecast
 Interest income                   173,388
 Interest expenses                  52,996
 Net interest income               120,392

 Fees and commissions income        76,174
 Fees and commissions paid          27,260
 Net fees and commissions           48,914

 Net trading income                 26,500
 Other income                        2,724
 Total revenue                     198,530

 Operating expenses                164,026
 Provisions                          9,937
 Recovered loans                    12,500
 Result before income tax           37,067

1 EUR = 3.4528 LTL



            

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