Three months
1 July
to
30 September

Nine months
1 January
to 30 September

(US$ million)

2000

1999

2000

1999

OPERATING INCOME

Interest income

432 

370 

1220 

1091 

Interest expense

(321)

(265)

(899)

(761)

Net interest income

111 

105 

321 

330 

Other operating income

58 

55 

210 

183 

TOTAL OPERATING INCOME

169 

160 

531 

513 

Provision for losses on loans and advances, net of recoveries

(15)

(17)

(54)

(65)

NET OPERATING INCOME AFTER PROVISIONS

154 

143 

477 

448 

OPERATING EXPENSES

Staff

66 

70 

205 

194 

Premises and equipment

13 

13 

40 

39 

Other

26 

24 

78 

79 

Total operating expenses

105 

107 

323 

312 

PROFIT BEFORE TAXATION AND MINORITY INTERESTS

49 

36 

154 

136 

Taxation on foreign operations

(9)

(5)

(29)

(28)

Minority interests in subsidiaries

(9)

(6)

(27)

(23)

NET PROFIT FOR THE PERIOD

31 

25 

98 

85 

EARNINGS PER SHARE (expressed in US dollars)

0.33 

0.27 

1.04 

0.90