Group			Bank
	2008	2007		2008	2007
For the year ended December 31,	US$ ’000	US$ ’000	Change %	US$ ’000	US$ ’000	Change %
Income	389,717	324,488	20.10	391,093	324,635	20.47
Interest income	329,906	281,296	17.28	329,683	281,134	17.27
Less: Interest expenses	215,583	174,504	23.54	215,742	174,665	23.52
Net interest income	114,323	106,792	7.05	113,941	106,469	7.02
Foreign exchange profit	23,345	14,238	63.96	23,345	14,238	63.96
Fees and commission income	24,069	21,953	9.64	24,070	21,959	9.61
Other income	12,397	7,001	77.07	13,995	7,304	91.61
	174,134	149,984	16.10	175,351	149,970	16.92
Less: Operating Expenses
Personnel expenses	32,494	30,263	7.37	32,214	30,133	6.91
Premises, equipment and establishment expenses	17,696	14,743	20.03	17,630	14,966	17.80
Provision for staff retirement benefits	2,594	2,480	4.60	2,594	2,480	4.60
Loan losses and provisions	20,197	16,382	23.29	20,197	16,382	23.29
Other overhead expenses	35,485	23,756	49.37	36,048	24,215	48.87
	108,466	87,624	23.79	108,683	88,176	23.26
Profit from operations	65,668	62,360	5.30	66,668	61,794	7.89
Add: Share of profit of Associates	81	231	(64.94)	–	–	–
Profit before taxation	65,749	62,591	5.05	66,668	61,794	7.89
Less: Income Tax Expense	29,218	24,317	20.15	28,828	23,974	20.25
Profit after taxation	36,531	38,274	(4.55)	37,840	37,820	0.05
Attributable to:
Equity holders of the parent	36,518	38,242	(4.51)	37,840	37,820	0.05
Minority Interest	13	32	(59.38)	–	–	–
	36,531	38,274	(4.55)	37,840	37,820	0.05
Basic Earnings per Share (US$)	0.15	0.16	(6.25)
Diluted Earnings per Share (US$)	0.14	0.16	(12.50)
Dividend per Ordinary Share (US$)				0.06	0.06	–

Exchange Rate of 1 US$ was Rs. 112.80 as at 31.12.2008 (Rs. 108.50 as at 31.12.2007).

US$ Accounts

The Income Statement and the Balance Sheet given on pages 88 and 89 are solely for the convenience of shareholders, investors, bankers and other users of Financial Statements and do not form part of the Financial Statements.