Our key operational focus is just loans growth and margins and basically in that regard, DBS was able to push some relatively good figures.

It's much better than expected on the margins front and treasury staged a rebound despite a flat yield curve. I think loans will pick up in the second half.

I think it is going to be more challenging to try and build upon such a good set of results especially in terms of loans.

Our strategy consistently has been to focus on profitable growth, not growth at any cost.

We want to continue to aggressively focus on top-line and bottom-line growth and carry that into fiscal 2007, and that would certainly be my mandate.

We are going to focus even more attention on the high-growth markets where we can gain additional leverage from the company's overall branding efforts. We plan to fuel significant new growth in our retail mortgage operations by re-directing resources to our most productive and profitable activities.