of 1993 with an increase in net income on the previous year of more than 18 percent.

Net income for the six months rose from $13,845,044 in the last six months of 1992 to $16,406,500 in the six months up to December 31.

Total income was $59,033,637 compared to expenses of $42,627,137.

Income is raised through investments, interest, fees, commissions and service charges. Expenses cover salaries, pensions, staff benefits and property.

Total assets according to the Bank's consolidated balance sheet rose by more than $300 million to $3,633,413,294, while total liabilities rose by $270 million to $3,403,724,851.