31 March 1999

31 December 1998

(US$ million)

ASSETS

Liquid funds

379 

295 

Trading securities

602 

667 

Non-trading securities

2800 

2902 

Placements with banks and other financial institutions

6587 

7809 

Loans and advances

12626 

13173 

Interest receivable

210 

234 

Investments in associates

54 

62 

Other investments

98 

92 

Other assets

489 

375 

Premises and equipment

440 

445 

TOTAL ASSETS

24,285 

26,064 

LIABILITIES

Deposits from customers

9803 

10649 

Deposits from banks and other financial institutions

10091 

11208 

Certificates of deposit

221 

241 

Interest payable

112 

133 

Taxation

28 

35 

Other liabilities

453 

228 

TERM NOTES, BONDS AND OTHER TERM FINANCING

1396 

1420 

22,104 

23,914 

Minority interests

402 

410 

EQUITY

Share capital

1000 

1000 

Treasury stock

(74)

(74)

Reserves and retained earnings

824 

789 

Current period's profit

29 

25 

1,779 

1,740 

TOTAL LIABILITIES AND EQUITY

 24,285 

26,064