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Hansapank posts profit

Aug 05, 1999
By Kairi Kurm

TALLINN - Estonia's biggest bank, Hansapank, reported a consolidated net profit of 390 million kroons ($ 26.19 million) for the first half of this year."Considering the macroeconomic environment, the results were respectable," said Toomas Reisenbuk, analyst from Hansain-vestments. "It allows us to predict positive future perspectives for the bank, at least for the rest of the year."At the same time the Hansapank group had to increase its provisions for bad loans which had a major impact on the g ...

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