| |
9 months
ended
30
Sept 2003
RO'000
|
9 months
ended
30
Sept 2002
RO'000
|
| |
|
|
|
|
| Interest
income |
|
76,875 |
|
76,618 |
| Interest
expense |
|
(19,197) |
|
(25,625) |
|
|
57,678 |
|
50,993 |
|
|
|
|
|
|
Interest expense on tier
II capital |
|
(5,483) |
|
(5,874) |
| Net interest
income |
|
52,195 |
|
45,119 |
| |
|
|
|
|
| Investment
income |
|
768 |
|
339 |
| Other
operating
income |
|
13,972 |
|
11,982 |
| Net operating
income |
|
66,935 |
|
57,440 |
|
|
|
|
|
| Other
operating expenses |
|
(27,668) |
|
(25,265) |
| Depreciation |
|
(2,244) |
|
(2,009) |
| Total operating
expenses |
|
(29,912) |
|
(27,274) |
| |
|
|
|
|
| Operating Profit |
|
37,023 |
|
30,166 |
|
|
|
|
|
| Provision
for possible credit losses |
|
(17,412) |
|
(10,478) |
|
Provision for diminution in invest. securities |
|
- |
|
- |
| Recoveries
from provision for loan losses |
|
4,094 |
|
1,945 |
| Net profit before tax |
|
23,705 |
|
21,633 |
|
|
|
|
|
| Taxation |
|
(3,312) |
|
(3,139) |
| Net profit after tax
for the period |
|
20,393 |
|
18,494 |
 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
