2000

1999

Notes*

$’000

$’000

NET INTEREST INCOME AND OTHER REVENUE

     Interest on loans

352,799

523,397

     Income from investments

4,982,770

4,027,883

     Total interest income

5,335,569

4,551,280

     Interest expense

(3,762,846)

(3,040,620)

     Net interest income

1,572,723

1,510,660

     Provision written back (made) for loan losses

     20,909

(   686,795)

1,593,632

823,865

     Other revenue

   355,310

   307,833

     Net interest income and other revenue after      loan loss provision

1,948,942

1,131,698

NON-INTEREST EXPENSES

     Salaries, pension contributions and other staff    benefits

844,770

798,931

     Property expenses

434,409

446,597

     Other operating expenses

   462,160

   918,422

     Non-interest expenses

1,741,339

2,163,950

PROFIT (LOSS) FROM OPERATIONS

207,603

(1,032,252 )

Share of subsidiary companies’ results

5

         -      

     53,837

PROFIT (LOSS) BEFORE EXCEPTIONAL ITEMS

207,603

(   978,415 )

Exceptional items

19

  200,970

(     72,470)

NET PROFIT (LOSS)

20

  408,573

( 1,050,885 )

NET PROFIT (LOSS) PER STOCK UNIT

23

$0.22

($2.25)