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BUILDING THE BEST BANK IN ASIA. First Half 2001 Results Briefing July 23, 2001. Performance. Mixed Results: Flat revenue growth Non interest income up 28.3% Investments and operating costs increased by 26.1% Key financial ratios impacted. Our Achievements. Acquisition Vickers Ballas
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BUILDING THE BEST BANK IN ASIA First Half 2001 Results Briefing July 23, 2001
Performance • Mixed Results: • Flat revenue growth • Non interest income up 28.3% • Investments and operating costs increased by 26.1% • Key financial ratios impacted
Our Achievements • Acquisition • Vickers Ballas • Alliances • TD Waterhouse • CGNU Plc • Transformational Acquisition • Dao Heng Bank • Internal Capabilities • Re-engineering of Processing & Services • Installation of our risk management platform • Introduction of sophisticated data analysis • Credit card operations
Weak loan growth - Housing - Corporate Increase in non-interest income - Treasury - Funds management - Capital Markets What Contributed To These Mixed Results? POSITIVE (+) NEGATIVE (-) Transitioning to Build New Income Streams
Operating Costs • Two key areas: - Staff - Technology related • Completion of major investments
Building our Competitive Capabilities Investing in People & Infrastructure Enhancing our External Capabilities Building an AsianFranchise
Building the Best Bank In Asia • Mixed results in 1st Half • Reflecting a Bank in transition • Implementing our pan-Asian strategy • Vision remains to create a strong regional Franchise
BUILDING THE BEST BANK IN ASIA First Half 2001 Results Briefing July 23, 2001