10-Year Historical Financials

10-Year Financial Highlights
	1998	1999^1/	2000	2001^2/	2002	2003	2004^3/	2005^4/	2006	2007
Income Statement (S$ million)
Total Income	1,991	1,787	1,727	2,214	2,222	2,193	2,625	2,887	3,840	4,281
Operating Expenses	485	517	656	867	849	855	988	1,145	1,331	1,680
Operating Profit before Provisions	1,507	1,271	1,071	1,347	1,372	1,338	1,637	1,742	2,508	2,601
Amortisation of goodwill and intangibles	-	-	-	52	127	127	158	40	44	46
Allowances for Loans and Other Assets	975	516	139	518	501	225	77	12	2	36
Net Profit Attributable to Shareholders	477	722	840	778	667	954	1,148	1,298	2,002	2,071
Balance Sheet (S$ million)
Total Assets	56,219	54,342	59,710	85,417	84,051	84,497	121,935	134,710	151,220	174,607
Total Assets (excl life fund investment assets)	56,219	54,342	59,710	85,417	84,051	84,497	92,299	99,615	113,607	133,471
Customer Loans (net of allowances)	33,448	29,817	31,136	48,075	46,225	48,984	51,829	55,134	59,309	71,316
Customer Deposits	36,993	36,762	37,942	54,675	53,948	53,460	57,287	64,088	75,115	88,788
Issued and Paid-Up Ordinary Capital	1,217	1,285	1,286	1,287	1,290	1,280	1,317	1,557	4,941	4,942
Ordinary Shareholder's Equity	7,188	7,618	8,155	8,832	9,224	9,163	10,334	11,442	12,508	14,782
Total Shareholders' Equity	7,188	7,618	8,155	8,832	9,224	10,059	11,230	12,338	13,404	15,678
Ratios (%)
Cost-to-Income Ratio	24.3	28.9	38.0	39.2	38.2	39.0	37.6	39.6	34.7	39.2
Loans-to-Deposits Ratio	90.4	81.1	82.1	87.9	85.7	91.6	90.5	86.0	79.0	80.3
Return on Average Ordinary Equity	6.8	9.7	10.7	9.3	7.4	10.0	11.3	11.4	16.6	14.8
Return on Average Assets	0.84	1.32	1.53	1.11	0.80	1.13	1.28	1.30	1.92	1.66
Basic Earnings Per Ordinary Share (cents)^4/	15.4	23.3	27.1	25.2	21.5	30.0	35.4	40.1	63.4	65.9
Net Dividends - Interim and Final (cents)^5/	4.9	4.9	5.6	5.7	6.5	7.7	12.6	18.4	23.0	28.0
Special and Bonus Dividends (cents)^6/	-	5.6	6.8	-	-	20.7	-	41.7	-	-

^1/ The Group adopted equity accounting for associated companies with effect from 1 January 1999. The 1998 comparatives have been re-stated accordingly.

^2/ Restated for the effect of adopting Singapore Statement of Accounting Standard 12 (2001) - Income Taxes.

^3/ 2004 figures were restated retrospectively for the effect of adoption of new or revised Financial Reporting Standards ("FRS") and Interpretations to FRS, as well as reclassification of tax on Singapore Life Assurance Fund to conform to current year's presentation.

^4/ Ratios were restated for the effect of 1-for-5 Rights Issue and Sub-division of shares, effected on 18 July 2005 and 5 August 2005 respectively. The 2005 bonus dividend per share was adjusted for the effect of Sub-division of shares.

^5/ 2003 gross special dividend of 63.78 cents per share (26.58 cents per share, adjusted for the effects of Rights Issue and Sub-division of shares) was announced on 19 March 2003, with an option to elect for Class G Preference Shares, at an issue price of S$0.995 per preference share. 2005 gross bonus dividend of $1.25 per share (52.08 cents per share, adjusted for Rights Issue and Sub-division of shares) was announced on 11 May 2005, with an option to elect for the subscription of a renounceable non-underwritten 1-for-5 Rights Issue of $5 for each rights shares in the capital of OCBC Bank.

^6/ 2006 dividends are tax exempt.


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