1 January to 30 September   2001

1 January to 30 September   2000

(US$ million)

OPERATING ACTIVITIES

Net profit for the period

103 

98 

Items not involving cash flow:

     Loan loss provisions

61 

54 

     Depreciation

22 

19 

Items considered separately:

     Gains less losses on investment securities

(17)

(11)

Changes in operating assets and liabilities:

     Trading securities

249 

(285)

     Placements with banks and other financial institutions

(349)

(385)

     Loans and advances

(41)

(1123)

     Other assets

(198)

102 

     Deposits from customers

1138 

1494 

     Deposits from banks and other financial institutions

(590)

(180)

     Other liabilities

137 

69 

Other non-cash movements

(167)

(51)

Net cash inflow (outflow) from operating activities

348 

(199)

INVESTING ACTIVITIES  

Purchase of investment securities

(193)

(120)

Sale of premises and equipment

5 

(16)

Net cash (outflow) inflow  from investing activities

(188)

(136)

FINANCING ACTIVITIES

Repayment of certificates of deposit - net

(168)

(2)

Issue of term notes, bonds and other term financing

62 

270 

Dividend paid

(66)

(56)

Net cash (outflow) inflow  from financing activities

(172)

212 

Decrease in liquid funds

(12)

(123)

Effect of exchange rate changes on liquid funds

(8)

(71)

Liquid funds at beginning of the year *

409 

587 

Liquid funds at end of the period *

389 

393 

* Liquid funds comprise cash, nostro balances and balances with central banks.