Ratio definitions

例如：NETINTEREST MARGIN
This ratio is the net interest income expressed as a percentage of earningassets. The higher this figure the cheaper the funding or the higher the marginthe bank is commanding. Higher margins and profitability are desirable as longas the asset quality is being maintained.

Preliminaryremarks

The 36pre-calculated ratios are calculated on the lines of Global Summary formatshown below.

2000 LOANS	2065 OFF BALANCE SHEET ITEMS	2120 DIVIDEND PAID
2005 OTHER EARNING ASSETS	2070 LOAN LOSS RESERVE (MEMO)	2125 TOTAL CAPITAL RATIO
2010 TOTAL EARNING ASSETS	2075 LIQUID ASSETS (MEMO)	2130 TIER 1 RATIO
2015 FIXED ASSETS		2135 TOTAL CAPITAL
2020 NON-EARNING ASSETS	2080 NET INTEREST REVENUE	2140 TIER 1 CAPITAL
2025 TOTAL ASSETS	2085 OTHER OPERATING INCOME	2150 NET CHARGE OFFS
2030 CUSTOMER & S.T FUNDING	2090 OVERHEADS	2160 HYBRID CAPITAL (MEMO)
2035 OTHER FUNDING	2095 LOAN LOSS PROVISIONS	2165 SUBORDINATED DEBT (MEMO)
2040 OTHER (NON INT BEARING)	2100 OTHER	2180 DUE FROM BANKS (MEMO)
2045 LOAN LOSS RESERVES	2105 PROFIT BEFORE TAX	2170 IMPAIRED LOANS (MEMO)
2050 OTHER RESERVES	2110 TAX	2185 DUE TO BANKS (MEMO)
2055 EQUITY	2115 NET INCOME	2195 INTANGIBLES (MEMO)
2060 TOTAL LIAB & EQUITY		2190 OPERATING INCOME (MEMO)

Thedefinitions of these ratios are given hereafter.

·       The "*"sign refers to a multiplication.

·       The mention"AVG" means that the item is averaged using the arithmetic mean ofthe value at the end of year t and t-1. In order not to lose information, whenfigures are available for one year only, ratios implying average figures arenevertheless calculated using the values of the only available year. The sameis true for the values of such ratios relating to the oldest year available inthe series shown. In these cases, the values displayed or printed are followed bythe sign * showing that the denominator is not averaged.

·       If anyone of theitems included in the calculation of a ratio is not available, the ratio isnoted "na".

·       It was felt that anyof the ratios defined hereafter having a value above 1000 % could hardly beconsidered as significant to the analyst. Consequently any ratio with a valueabove 999.99 % is noted "ns" ("Not significant"). Otheroccasions where a ratio may be noted "ns" are mentioned hereunder.