All figures in US$ million

Three months ended
31 March

2006

2005

OPERATING INCOME

Interest income

244 

141 

Interest expense

(185)

(101)

Net interest income

59 

40 

Other operating income

74 

34 

Total operating income

133 

74 

(Provision for impairment) / writeback - net

(1)

5 

NET OPERATING INCOME AFTER PROVISIONS

132 

79 

OPERATING EXPENSES

Staff

39 

30 

Premises and equipment

6 

5 

Other

12 

11 

Total operating expenses

57 

46 

PROFIT BEFORE TAXATION

75 

33 

Taxation on foreign operations

(7)

(4)

NET PROFIT FOR THE PERIOD

68 

29 

Income attributable to minority interests

(2)

(2)

INCOME ATTRIBUTABLE TO THE EQUITY HOLDERS
OF THE PARENT

66 

27 

Earnings per share (expressed in US dollars)

0.66 

0.27