Page Content
|
1 January to 30 June 1999 |
1 January to 30 June 1998 |
|
(US$ million) |
OPERATING INCOME |
Interest income |
721 |
854 |
Interest expense |
(496) |
(649) |
|
|
Net interest income |
225 |
205 |
Other operating income |
128 |
185 |
|
|
TOTAL OPERATING INCOME |
353 |
390 |
|
|
Provision for losses on loans and advances, net of recoveries |
(48) |
(91) |
|
|
NET OPERATING INCOME AFTER PROVISIONS |
305 |
299 |
|
|
|
OPERATING EXPENSES |
|
|
Staff |
124 |
128 |
Premises and equipment |
26 |
27 |
Other |
55 |
49 |
|
|
Total operating expenses |
205 |
204 |
|
|
|
|
PROFIT BEFORE TAXATION AND MINORITY INTERESTS |
100 |
95 |
|
|
Taxation on foreign operations |
(23) |
(23) |
Minority interests in subsidiaries |
(17) |
(23) |
|
|
NET PROFIT FOR THE PERIOD |
60 |
49 |
|
EARNINGS PER SHARE (expressed in US dollars) |
0.64 |
0.52 |
|
|
|