AS OPTIVA PANK

ANNOUNCEMENT

24.03.99

 

 

According to the audited data, the balance sheet volume of Optiva Pank 

as of 31.12.1998 amounted to 3 173 787 thousand EEK; as of the same 

date, the audited balance sheet volume of Optiva Pank group amounted to 

3 199 454 thousand EEK. The audited loss of Optiva Pank in 1998 was 

264 974; the audited loss of Optiva Pank group in 1998 was 253 167 

thousand EEK. In the course of audit, the 1998 loss of AS Optiva Pank 

increased by approximately 3% compared with the unaudited data, due to 

additionally increased provisions. Provisions were increased in 

accordance with the principles of conservatism.

 

The financial reports of Optiva Pank and the group were audited by AS 

PricewaterhouseCoopers; the auditor gave an unqualified opinion to the 

company’s financial reports.

 

The general meeting of AS Optiva Pank shareholders will take place on 

April 13, 1999.

 

 

Priit Perens

Financial director

AS Optiva Pank

Tel. +372 630 2106