Results Highlights

Balance Sheet	As at
	December	September	December	% Change	% Change
	1997	1997	1996	Sep 97	Dec 96
				to Dec 97	to Dec 97

Shareholders' equity	13,883	12,581	13,317	10.3	4.3

Total assets	229,441	201,969	184,016	13.6	24.7

Risk weighted assets	171,411	154,309	140,633	11.1	21.9

Gross loans and advances	147,493	133,391	120,341	10.6	22.6

Total net loans, advances and acceptances	164,805	150,398	135,273	9.6	21.8

Total deposits	141,988	128,469	117,525	10.5	20.8

Non-accrual loans, net of specific provisions	644	706	719	(8.8)	(10.4)

Performance Measurements	Three Months to
	December	September	December
	1997	1997	1996

Cost/income ratio (excl goodwill)	58.1%	58.9%	53.3%

Operating costs to total assets	2.4%	2.8%	2.4%

Non interest income to total net income	40.1%	40.1%	38.2%

Basic earnings per share	36.9c	39.8c	39.4c

Diluted earnings per share	36.1c	38.8c	38.8c

Basic earnings per share - pre goodwill	39.6c	42.3c	41.8c

Specific provision charge to operating profit	14.2%	14.1%	3.1%

Specific provision balance to total assets	0.3%	0.3%	0.3%

Specific provision balance to risk weighted assets	0.4%	0.4%	0.5%

Capital risk asset ratio (Tier 1: 6.6%, Tier 2: 3.2%, deductions: (0.3)%)	9.5%	8.7%	9.2%

Net tangible asset backing per share	$8.23	$7.40	$7.54