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Of the three basis point NIM increase this quarter, two basis points came from Hong Kong and one basis point was from Singapore.. Melissa Kuang

Interest margins, which rose from 1.91% to 2.20% as a result of higher interest rates in Singapore and prime lending rates in Hong Kong, played a larger role than the increase

For fourth quarter 2005, net profit after taxation for Hong Kong operations on a Singapore GAAP basis declined 11% from fourth quarter 2004 and 6% from third quarter 2005 to