We are pleased to report that the trend of the first half of 2007 continued into the third quarter of 2007. Profit attributable to shareholders for the first nine months of 2007 amounts to $112.6M or EPS of $1.34 per share. This represents an improvement of 38% over the same period one year ago.
Revenue growth remains robust and is 16 % better than the corresponding period last year. Your Bank successfully managed to restrict growth in expenses to only 9% allowing for optimal return to our shareholders. In September the Bank started marketing it’s much awaited US$ Secured Fund and the response to date has been overwhelming.
The Board is committed to achieving the Group’s Strategic ambitions, the realisation of which will redound to the benefit of shareholders.
Your Directors are confident that the performance in the final quarter of 2007 will meet expectations.
ANTHONY N. SABGA, CMT