ICICI Bank Board of Directors Approves Equity Capital Raising.MUMBAI Mumbai (m  mbī`, m m`bī), formerly Bombay (bŏmbā`), city (1991 pop. , India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. -- The Board of Directors of ICICI Bank ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. (NYSE NYSESee: New York Stock Exchange :IBN IBN Internet Business Network IBN Institute of Bioengineering and Nanotechnology IBN Institut Belge de Normalisation IBN Islamic Broadcasting Network IBN Integrated Business Network IBN Identification Beacon IBN Isolated Bonding Network ) at its meeting at Mumbai today approved the raising of additional equity capital by the Bank by way of a public issue of shares in India and, subject to applicable regulations and necessary approvals, an issue of American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The capital raising is expected to be around Rs. 7,000 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>. Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million (US$ 1.6 billion), with a further greenshoe option Greenshoe Option An option that allows the underwriting of an IPO to sell additional shares to the public if the demand is high. Notes: The name comes from the fact that the Green Shoe Company was the first to issue this type of option. of 15%. The approval of the shareholders will be sought by postal Postal can refer to:
1 crore=10 million This release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States unless they are registered under applicable law or exempt from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus A document, notice, circular, advertisement, letter, or communication in written form or by radio or television that offers any security for sale, or confirms the sale of any security. and will contain detailed information about ICICI Bank Limited and its management, as well as financial statements. Except for the historical information contained herein, statements in this Release which contain words or phrases such as 'will', 'expected to', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to the actual growth in demand for banking and other financial products and services, our ability to successfully implement our strategy, including our use of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and other technology, our ability to integrate recent or future mergers or acquisitions into our operations, future levels of impaired See assistive technology. loans, our growth and expansion in domestic and overseas markets, the adequacy of our allowance for credit and investment losses, technological changes, investment income, our ability to market new products, cash flow projections A Cash Flow Projection is an attempt to forecast the cash flows that will be generated by an asset, often a company, over a specified time frame. Methodology Projections can be made with varying levels of detail, but any cash flow projection for a business entails , the outcome of any legal or regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. proceedings we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of Indian banking Indian Bank, established in 1907, is a major Indian commercial bank headquartered in Chennai (Madras), India. It has 22000 employees and 1400 branches and is one of the big public sector banks of India. regulations on us and our exposure to market risks as well as other risks that are detailed in the reports filed by us with the United States Securities and Exchange Commission and will be described in the offering document for the proposed equity offering. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date thereof. Performance Review - Quarter ended September September: see month. 30, 2005: 31% year-on-year growth in profit after tax The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at Mumbai today, approved the audited Indian GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). accounts of the Bank for the quarter ended September 30, 2005 (Q2-2006). Highlights -- Profit after tax for Q2-2006 increased 31% to Rs. 580 crore (US$ 132 million) from Rs. 442 crore (US$ 100 million) for the quarter ended September 30, 2004 (Q2-2005). -- Net interest income increased 39% to Rs. 953 crore (US$ 216 million) for Q2-2006 from Rs. 685 crore (US$ 156 million) for Q2-2005. -- Fee income increased 31% to Rs. 704 crore (US$ 160 million) for Q2-2006 from Rs. 537 crore (US$ 122 million) for Q2-2005. -- Retail assets increased 73% to Rs. 68,537 crore (US$ 15.6 billion) at September 30, 2005 from Rs. 39,609 crore (US$ 9.0 billion) at September 30, 2004. The Bank has the largest retail asset portfolio among Indian banks and finance companies. -- Deposits increased 68% to Rs. 120,452 crore (US$ 27.4 billion) at September 30, 2005 from Rs. 71,598 crore (US$ 16.3 billion) at September 30, 2004. -- At September 30, 2005, the Bank's net non-performing assets constituted 0.97% of customer assets against 2.60% at September 30, 2004. -- Profit after tax increased 27% to Rs. 1,110 crore (US$ 252 million) for the six months ended September 30, 2005 (H1-2006) from Rs. 873 crore (US$ 198 million) for the six months ended September 30, 2004 (H1-2005). Operating review Credit growth The Bank's net customer assets increased 45% to Rs. 111,514 crore (US$ 25.3 billion) at September 30, 2005 compared to Rs. 76,659 crore (US$ 17.4 billion) at September 30, 2004. The Bank maintained its growth momentum and market leadership in the retail segment. In H1-2006, the Bank's total retail disbursements were about Rs. 25,900 crore (US$ 5.9 billion) including home loan disbursements of about Rs. 10,600 crore (US$ 2.4 billion). Retail assets constituted 64% of advances and 61% of customer assets. The Bank is focusing on loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in the retail and agriculture segments and on non-fund based products and services, as well as capitalizing on opportunities presented by the domestic and international expansion of Indian companies This is a list of major companies based in India. Please note that the list is highly incomplete and does not have every company of all sizes. More information about the companies can be found in the links to the company articles. A
International operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ICICI Bank continued to build on its existing presence in various geographies as well as enter new markets. In addition to providing credit and trade finance solutions to Indian companies, the Bank is expanding its international retail franchise through technology-based banking services. The Bank's wholly-owned banking subsidiaries have four branches in the United Kingdom, five branches in Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of and two branches in Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). . The Bank has branches in Singapore Singapore (sĭng`gəpôr, sĭng`ə–, sĭng'gəpôr`), officially Republic of Singapore, republic (2005 est. pop. 4,426,000), 240 sq mi (625 sq km). and Bahrain Bahrain or Bahrein (both: bärān`, bə–), officially Kingdom of Bahrain, constitutional monarchy and archipelago (2005 est. pop. 688,300), 266 sq mi (689 sq km), in the Persian Gulf. and representative offices in Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. , Johannesburg Johannesburg (jōhăn`ĭsbörg', yōhä`nəsbörkh'), city (1991 pop. 1,574,631), Gauteng, NE South Africa, on the southern slopes of the Witwatersrand at an altitude of 5,750 ft (1,753 m). , Dhaka Dhaka or Dacca (both: dăk`ə), city (1991 pop. 6,844,131), capital of Bangladesh, on a channel of the Dhaleswari River, in the heart of the world's largest jute-growing region. , Dubai Dubai (d bī`), sheikhdom (1995 pop. 674,101), c.1,500 sq mi (3,890 sq km), part of the federation of seven United Arab Emirates, SE Arabia, on the Persian Gulf. and New
York New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The Bank has received regulatory approval for setting up branches in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Sri Lanka Sri Lanka (srē läng`kə) [Sinhalese,=resplendent land], formerly Ceylon, ancient Taprobane, officially Democratic Socialist Republic of Sri Lanka, island republic (2005 est. pop. and at the Dubai International Financial Center. The Bank continued to increase its market share in remittances
Remittances are transfers of money by foreign workers to their home countries. and establish an international private banking franchise, focusing on the non-resident Indian community. Rural banking The Bank's rural banking strategy seeks to adopt a holistic approach holistic approach A term used in alternative health for a philosophical approach to health care, in which the entire Pt is evaluated and treated. See Alternative medicine, Holistic medicine. to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. needs of various segments of the rural population, by delivering a comprehensive product suite encompassing credit, transaction banking, deposit, investment and insurance, through a range of channels. The Bank's rural delivery channels include branches, internet kiosks, franchisees and micro-finance institution (MFI MFI Microfinance Institution MFI Money Flow Index MFI Melt Flow Index MFI Median Family Income MFI Malaria Foundation International MFI Massachusetts Family Institute MFI Multi-port Fuel Injection (automobile) ) partners. Network The Bank had 583 branches and extension counters at September 30, 2005 as compared to 470 branches and extension counters at September 30, 2004. Capital adequacy The Bank's capital adequacy at September 30, 2005 was 11.5% (including Tier-1 capital adequacy of 7.2%), compared to RBI's requirement of total capital adequacy of 9.0%. Asset quality The Bank's net restructured assets at September 30, 2005 were Rs. 5,713 crore (US$ 1.3 billion), down from Rs. 6,817 crore (US$ 1.5 billion) at September 30, 2004. At September 30, 2005, the Bank's net non-performing assets constituted 0.97% of customer assets against 2.60% at September 30, 2004. Group companies ICICI ICICI Industrial Credit and Investment Corporation of India Securities achieved a profit after tax of Rs. 53 crore (US$ 12 million) in Q2-2006 compared to a full year profit of Rs. 64 crore (US$ 15 million) for the year ended March 31, 2005 (FY2005). ICICI Lombard ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank Limited and the US-based $26 billion Fairfax Financial Holdings Limited. ICICI Bank is India's second largest bank, while Fairfax Financial Holdings is a diversified financial corporate General Insurance Company (ICICI Lombard) enhanced its leadership position among private sector general insurance companies with a market share of 30% in H1-2006. ICICI Lombard achieved a profit after tax of Rs. 12 crore (US$ 3 million) in Q2-2006, after taking into account an impact of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. Rs. 11 crore (US$ 2 million) on account of the heavy rains in Mumbai in July July: see month. 2005. ICICI Prudential Prudential is the name of two different companies and buildings named after them: Companies:
1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations , in view of business set-up and customer acquisition costs in the initial years as well as reserving for actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin liability. While the growing operations of ICICI Prudential Life had a negative impact of Rs. 49 crore (US$ 11 million) on the Bank's consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: profit after tax in Q2-2006 on account of the above reasons, the company's unaudited New Business Achieved Profit (NBAP NBAP Node B Application Part (UMTS network) NBAP National Beef Ambassador Program (National Beef Association) NBAP National Biodiesel Accreditation Program ) for Q2-2006 was Rs. 100 crore (US$ 23 million). NBAP is a metric for the economic value of the new business written during a defined period. It is measured as the present value of all the future profits for the shareholders, on account of the new business based on standard assumptions of mortality, expenses and other parameters. Internationally, life insurance companies in the growth phase are valued as a multiple of their NBAP. ICICI Venture Funds Management Company's India Advantage Fund-I has closed 15 transactions over the last two years and has committed 80% of its corpus. ICICI Venture achieved a profit after tax of Rs. 18 crore (US$ 4 million) in Q2-2006. Prudential ICICI Asset Management Company was the largest private sector mutual fund in India at September 30, 2005 with assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. of over Rs. 21,500 crore (US$ 4.9 billion). Summary Profit and Loss Statement - Indian GAAP
Rs. crore
Q2- Q2- Growth H1- H1- FY2005
2005 2006 over 2005 2006
Q2-
2005
----------------------------------------------------------------------
Net interest income 685 953 39% 1,316 1,805 2,839
----------------------------------------------------------------------
Non-interest income (excluding
treasury) 713 871 22% 1,278 1,779 2,705
----------------------------------------------------------------------
- Fee income 537 704 31% 955 1,362 2,098
----------------------------------------------------------------------
- Lease & other income 176 167 (5%) 323 416 607
----------------------------------------------------------------------
Treasury income 123 240 95% 216 423 711
----------------------------------------------------------------------
Less:
----------------------------------------------------------------------
Operating expense 587 815 39% 1,151 1,586 2,517
----------------------------------------------------------------------
Other DMA(1) expense 112 141 26% 196 277 485
----------------------------------------------------------------------
Lease depreciation 69 64 (7%) 153 128 297
----------------------------------------------------------------------
Provisions 195 304(2) 56% 241 602(3) 429
----------------------------------------------------------------------
Profit before tax 558 740 33% 1,068 1,413 2,527
----------------------------------------------------------------------
Less: Tax 115 160 39% 195 303 522
----------------------------------------------------------------------
Profit after tax 442 580 31% 873 1,110 2,005
----------------------------------------------------------------------
1. Direct marketing agencies / associates.
2. Includes Rs. 184 crore on account of amortization of premium on
government securities.
3. Includes Rs. 339 crore on account of amortization of premium on
government securities.
4. All figures have been rounded off to the nearest crore.
Except for the historical information contained herein, statements in this Release which contain words or phrases such as 'will', 'would', 'indicating', 'expected to' etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, future levels of non-performing loans A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms. , our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. 1 crore = 10.0 million US$ amounts represent convenience translations at US$1= Rs. 44.02.
ICICI Bank Limited
Registered Office: Landmark, Race Course Circle, Vadodara - 390 007.
Corporate Office : ICICI Bank Towers, Bandra-Kurla Complex,
Bandra (East), Mumbai 400 051.
Web site: http://www.icicibank.com
AUDITED FINANCIAL RESULTS
(Rs. in crore)
Quarter ended Half year ended Year ended
Sr. Particulars -------------------- ------------------- ----------
No. September September September September March 31,
30, 2005 30, 2004 30, 2005 30, 2004 2005
----------------------------------------------------------------------
Interest earned
1.
(a)+(b)+(c)+(d) 3,213.31 2,230.52 6,211.09 4,426.30 9,409.90
------------------------------------------------------------------
a.
Interest/discount
on advances/bills 2,262.69 1,572.03 4,320.09 3,157.82 6,752.83
------------------------------------------------------------------
b.
Income on
investments 856.88 546.05 1,686.45 1,047.68 2,229.44
------------------------------------------------------------------
c.
Interest on
balances with
Reserve Bank of
India and other
interbank funds 79.18 51.42 155.56 119.45 232.01
------------------------------------------------------------------
d.
Others 14.56 61.02 48.99 101.35 195.62
----------------------------------------------------------------------
2. Other income 1,111.55 835.40 2,202.05 1,493.11 3,416.14
------------------------------------------------------------------
A) TOTAL INCOME (1)
+ (2) 4,324.86 3,065.92 8,413.14 5,919.41 12,826.04
----------------------------------------------------------------------
3. Interest
expended 2,259.82 1,545.31 4,406.36 3,110.54 6,570.89
----------------------------------------------------------------------
Operating expenses
4. (e) + (f) +
(g) 1,020.98 768.84 1,991.94 1,501.26 3,299.15
------------------------------------------------------------------
e.
Payments to and
provisions for
employees 247.11 179.97 470.20 346.88 737.41
------------------------------------------------------------------
f.
Direct marketing
agency expenses 141.32 112.39 277.26 196.71 485.45
----------------------------------------------------------------------
g.
Other operating
expenses 632.55 476.48 1,244.48 957.67 2,076.29
----------------------------------------------------------------------
B) TOTAL EXPENDITURE
(3) + (4)
(excluding
provisions and
contingencies) 3,280.80 2,314.15 6,398.30 4,611.80 9,870.04
----------------------------------------------------------------------
5. OPERATING PROFIT (A-B)
(Profit before
provisions and
contingencies) 1,044.06 751.77 2,014.84 1,307.61 2,956.00
----------------------------------------------------------------------
6. Other provisions and
contingencies 303.79 194.70 601.67 240.54 428.80
----------------------------------------------------------------------
7. Provision for taxes
----------------------------------------------------------------------
a) Current period
tax 152.06 114.44 348.36 266.97 179.49
----------------------------------------------------------------------
b) Deferred tax
adjustment 8.16 0.55 (45.25) (72.72) 342.51
----------------------------------------------------------------------
8. Net profit
(5-6-7) 580.05 442.08 1,110.06 872.82 2,005.20
----------------------------------------------------------------------
Paid-up equity share
capital (face value
9. Rs. 10/-) 740.92 734.46 740.92 734.46 736.78
----------------------------------------------------------------------
Reserves excluding
revaluation
10. reserves 12,975.38 11,358.49 12,975.38 11,358.49 11,813.20
----------------------------------------------------------------------
11. Analytical ratios
----------------------------------------------------------------------
(i) Percentage of
shares held by
Government of
India -- -- -- -- --
-------------------------------------------------------------------
(ii) Capital
adequacy ratio 11.52% 15.20% 11.52% 15.20% 11.78%
------------------------------------------------------------------
(iii) Earnings per
share for the
period (not
annualized for
quarter/half year)
(in Rs.)
(basic) 7.84 6.02 15.02 12.13 27.55
------------------------------------------------------------------
(iv) Earnings per
share for the
period (not
annualized for
quarter/half year)
(in Rs.)
(diluted) 7.76 5.97 14.87 12.03 27.33
----------------------------------------------------------------------
Aggregate of non-
promoter
12. shareholding
------------------------------------------------------------------
No. of
shares 740,881,117 734,728,679 740,881,117 734,728,679 736,716,094
------------------------------------------------------------------
Percentage of
shareholding 100 100 100 100 100
----------------------------------------------------------------------
13. Deposits 120,452.34 71,597.99 120,452.34 71,597.99 99,818.78
----------------------------------------------------------------------
14. Advances 107,070.97 68,479.15 107,070.97 68,479.15 91,405.15
----------------------------------------------------------------------
15. Total
assets 189,218.48 132,780.69 189,218.48 132,780.69 167,659.41
----------------------------------------------------------------------
Notes
1. The financials have been prepared in accordance with Accounting
Standard ("AS") 25 on "Interim Financial Reporting".
2. During the quarter ended September 30, 2005, the Bank allotted
1,862,679 equity shares pursuant to exercise of employee stock
options.
3. Status of equity investors' complaints/ grievances for the
quarter ended September 30, 2005.
Opening Additions Disposals Closing balance
balance (a)
--------------------------------------------------------
8 101 101 8
--------------------------------------------------------
(a) Of these, 4 have since been resolved.
4. ICICI Distribution Finance Private Limited has merged with
ICICI Home Finance Company Limited effective August 11, 2005 and
consequently has ceased to be a subsidiary company of ICICI Bank.
Further, Prudential ICICI Asset Management Company Limited and
Prudential ICICI Trust Limited have become subsidiaries of ICICI Bank
Limited effective August 26, 2005.
5. Provision for current period tax includes Rs. 6.00 crore
towards provision for fringe benefit tax for the quarter ended
September 30, 2005.(Rs. 11.00 crore for the half year ended September
30, 2005).
6. Previous period / year figures have been regrouped /
reclassified where necessary to conform to current period
classification.
The above financial results have been taken on record by the Board
of Directors at its meeting held on October 13, 2005.
Place : Mumbai
Kalpana Morparia
Date : October 13, 2005
Managing Director
SEGMENTAL INFORMATION OF ICICI BANK LIMITED FOR THE PERIOD ENDED
SEPTEMBER 30, 2005
(Rs. in crore)
Quarter ended Half year ended Year ended
Sr. Particulars -----------------------------------------------------
No. September September September September March
30, 2005 30, 2004 30, 2005 30, 2004 31, 2005
----------------------------------------------------------------------
Segment
1. revenue
----------------------------------------------------------------------
a Consumer and
commercial
banking 3,460.93 2,590.68 6,741.02 5,094.89 10,643.69
----------------------------------------------------------------------
b Investment
banking 1,192.25 721.47 2,343.99 1,332.53 3,092.62
----------------------------------------------------------------------
Total 4,653.18 3,312.15 9,085.01 6,427.42 13,736.31
----------------------------------------------------------------------
Less: Inter
segment
revenue 328.32 246.23 671.87 508.01 910.27
----------------------------------------------------------------------
Income from
operations 4,324.86 3,065.92 8,413.14 5,919.41 12,826.04
----------------------------------------------------------------------
Segmental
results
(i.e.
Profit
before tax
&
2. provision)
----------------------------------------------------------------------
a Consumer and
commercial
banking 750.99 557.67 1,429.21 1,023.98 1,976.07
----------------------------------------------------------------------
b Investment
banking 302.67 203.70 604.83 302.83 1,018.33
----------------------------------------------------------------------
Total 1,053.66 761.37 2,034.04 1,326.81 2,994.40
----------------------------------------------------------------------
3. Provisions
----------------------------------------------------------------------
a Consumer and
commercial
banking 54.67 163.57 206.15 242.52 81.41
----------------------------------------------------------------------
b Investment
banking 249.12 31.13 395.52 (1.98) 347.39
----------------------------------------------------------------------
Total 303.79 194.70 601.67 240.54 428.80
----------------------------------------------------------------------
Segment
results
(i.e.
Profit
4. before tax)
----------------------------------------------------------------------
a Consumer and
commercial
banking 696.32 394.10 1,223.06 781.46 1,894.66
----------------------------------------------------------------------
b Investment
banking 53.55 172.57 209.31 304.81 670.94
----------------------------------------------------------------------
Unallocated
5. expense 9.60 9.60 19.20 19.20 38.40
----------------------------------------------------------------------
Total profit
before tax 740.27 557.07 1,413.17 1,067.07 2,527.20
----------------------------------------------------------------------
Tax 160.22 114.99 303.11 194.25 522.00
----------------------------------------------------------------------
Profit after
tax 580.05 442.08 1,110.06 872.82 2,005.20
----------------------------------------------------------------------
Capital
employed
(i.e.
segment
assets -
segment
liabilities
excluding
inter-
segmental
funds lent
and
6. borrowed)
----------------------------------------------------------------------
a Consumer and
commercial
banking (23,351.11)(20,983.48)(23,351.11)(20,983.48)(24,044.61)
----------------------------------------------------------------------
b Investment
banking 34,720.35 30,695.04 34,720.35 30,695.04 34,138.32
----------------------------------------------------------------------
Total 11,369.24 9,711.56 11,369.24 9,711.56 10,093.71
----------------------------------------------------------------------
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