Financial Results

(US$ million)	2024	2023	2022	2021
For the year
Gross Operating and Other Income	321	277	169	183
Operating Expenses	55	53	47	47
Net Profit	239	203	131	130
At year end
Total Assets	3,446	3,690	3,331	3,189
Interest Bearing Securities and Funds	422	507	355	539
Equities and Managed Funds	793	744	608	437
Projects and Equity Participations	2,012	2,070	1,926	1,711
Deposits	409	792	431	314
Shareholders’ Equity	2,885	2,802	2,688	2,608
Selected Ratios (%) Profitability
Return on Paid-up Capital	11.4	9.7	6.2	6.2
Return on Adjusted Shareholders’ Equity	—	7.0	4.6	4.8
Capital BIS Ratio
– Total	33.0	33.4	30.7	41.3
– Tier 1	33.0	33.4	30.7	41.3
– Shareholders’ Equity as a % of Total Assets	83.7	75.9	80.7	81.8
Asset Quality
Marketable Securities as a % of Total Assets	25.1	23.8	19.6	22.8
GCC Country Risk as a % of Total Assets	—	68.1	71.5	77.9
Liquidity
Liquid Assets Ratio	40.4	42.4	39.6	42.6
Productivity
Operating Income as Multiple of Operating Expenses	5.8	5.2	3.6	3.9