/ 俤 / / /

Transcription

1 5854 ANNUAL REPORT

2 / 俤 / / / [email protected] (02) (02) Standard & Poor's Corp. Suite 3003, 30 th Fl., Edinburgh Tower, The Landmark, 15 Queen's Road Central, Hong Kong (852) (02)

3 CONTENTS

4 2012 ANNUAL REPORT Letter to Shareholders

5 沈臨龍 % %143.61% %7.60% 102Basel III ( ) CPI ,

6 2012 ANNUAL REPORT ( ) % % , , , /683, BOOKRUNNER 1014,848( )9, , %7.69% 10.02%27.8% , OBU % , % OBU 04

7 , , % 18, , % 1, % % ( ) % ,912,838 9,010,720-97,882 25,299,415 24,688, ,465 7,697,557 8,874,282-1,176,725 4,392,239 5,170, ,358 19,691,895 19,381, ,980 7,532,869 7,571,015-38,146 (/)() 1.45/ / /0.03 () (/) 0.32/ / /-0.01 (/) 7.18/ / /-0.48 ( ) 102 ( ) ) ( 05

8 2012 ANNUAL REPORT 3. e 4. CRM % ( ) , , ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ,3593,

9 ( ) ( ) , , M % % , , A- A A- F twaa twa AA(twn) F1+(twn) 3. 07

10 2012 ANNUAL REPORT Bank Profile

11 The Banker % , , % 99128BNP Paribas Assurance BNP Paribas Investment Partners % 蔡秋榮 09

12 2012 ANNUAL REPORT Report of Corporate Governance

13 俤 11

14 ANNUAL REPORT 102 3

15 ATMMOD ()

16 2012 ANNUAL REPORT %6,643,934,000 NYU 14

17 () %6,643,934,

18 2012 ANNUAL REPORT % 2.67% 2.46% 1.86% 1.35% 1.09% 0.97% 0.77% 0.69% 0.68% % 100% 100% 4. True Prospect Limited 6.99% 5.30% 4.53% 4.11% 2.27% 1.88% 1.76% 1.71% 1.70% () 1.45% p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p 0 16

19 p p p p p p p p p p 0 p p p p p p p p p p 0 p p p p p p p p p p 0 p p p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p p 0 p p p p p p p p p 0 p p p p p p p p p 0 p p p p p p p p p 0 p p p p p p p p p 0 p p p p p p p p p 1 p p p p p p p p 0 p p p p p p p p 0 p p p p p p p p p p 0 p p p p p p p p 0 p

20 2012 ANNUAL REPORT 俤 胡光華 %6,643,934,000 18

21 綉 %6,643,934,000 () 19

22 2012 ANNUAL REPORT %6,643,934,

23 灯 %6,643,934,000 21

24 2012 ANNUAL REPORT EMBA %6,643,934,

25 冲 温 %6,643,934,000 23

26 2012 ANNUAL REPORT %6,643,934,

27 %6,643,934,000 25

28 2012 ANNUAL REPORT %6,643,934, 鍲 郭惠奕

29 %6,643,934,000 27

30 2012 ANNUAL REPORT %6,643,934,

31 1. () ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) A B C D ,489 8,489 3,820 3, ,282 1,282 A B C D 0.18 % (E) F G H AB CD EF G 0.18 % 9,735 9, % % ,050795,

32 2012 ANNUAL REPORT A+B+C+D A+B+C+D+E+F+G 2,000,000 2,000,000 5,000,000 5,000,000 10,000,000 10,000,000 15,000,000 15,000,000 30,000,000 30,000,000 50,000,000 50,000, ,000, ,000, ( ) ( ) ( ( ) ( ) ( ) A B C D ABCD % 0.004%

33 2,000,000 A+B+C+D 2,000,000 5,000,000 5,000,000 10,000,000 10,000,000 15,000,000 15,000,000 30,000,000 30,000,000 50,000,000 50,000, ,000, ,000, 謝昌俤 A B C D 17,251 17, ,379 9, ABC D 0.37 % 991,050794, %

34 2012 ANNUAL REPORT 2,000,000 2,000,000 5,000,000 俤 俤 5,000,000 10,000,000 10,000,000 15,000,000 15,000,000 30,000,000 30,000,000 50,000,000 50,000, ,000, ,000, 周叔璋 俤 彭致誠 李傳昭 黃應麟 王淑娟 李銘城 0 6,886 6, % 32

35 趙世宏 林昌榮 鄒德新 鄭連燦 陳奏煬 (100) 33

36 2012 ANNUAL REPORT ( ) % 0.55% 2. (1) (2) 1.25 (3) (4) () ()(%)

37 俤 ()(%)() 2 ()(%) () () ()(%) 35

38 2012 ANNUAL REPORT

39 A %/x100% twhttp://mops.twse.com.tw %

40 2012 ANNUAL REPORT KYC

41 p p p p p p p p p 1 3 p p p p p p p p p 1 p p p p p p p p p 1 p p p p p p p p p 1 p p p p p p p p 1 1 2p ) ( 39

42 2012 ANNUAL REPORT 2) () () (%) (/)() % 2 % ( ) () (1) (2) (3) 4. () () () 40

43 () () () () () 977 () () ()

44 2012 ANNUAL REPORT () KYC 5. (RACF) () () () () () () 9510 () () () 42

45

46 2012 ANNUAL REPORT

47

48 2012 ANNUAL REPORT DLP (1) 101 (2)

49 (1) 101 (2) (1) (2)

50 2012 ANNUAL REPORT 2. ( ) ( )

51 a. 100 b. 100 c. 100() d. 100 e f. g. h

52 2012 ANNUAL REPORT : ,2997,108 42,3976, ( ) ( )

53 , ,000 4, ,000 6, ,000 8, ,000 10,000 8,830 9,561 18, ,000 8, ,531 18, :

54 2012 ANNUAL REPORT V ( ) % 52

55 , % 0 0% 1, % 2,686, % 0 0% 2,686, % 2,639, % 0 0% 2,639, % 1,400, % 0 0% 1,400, % 4,875, % 0 0% 4,875, % 300,000, % 0 0% 300,000, % 10,000, % 0 0% 10,000, % 4,267, % 0 0% 4,267, % 13,024, % 0 0% 13,024, % 160, % 0 0% 160, % 1,000, % 0 0% 1,000, % 43, % 0 0% 43, % 16, % 0 0% 16, % 78,754, % 7,153 0% 78,761, % 5,880, % 0 0% 5,880, % 8,050, % 0 0% 8,050, % 13, % 0 0% 13, % 125, % 0 0% 125, % 53

56 2012 ANNUAL REPORT Capital Raising

57 ,083,536 20,835,360 2,083,536 20,835,360 (9011) 20,835, ,208,548 22,085,482 2,208,548 22,085, ,250, ,085, ,539,830 25,398,304 2,539,830 25,398, ,208,548 1,104, ,398, () () ,500,000 35,000,000 2,539,830 25,398, ,500,000 45,000,000 2,539,830 25,398, , ,500,000 45,000,000 2,793,813 27,938, , 102,539,830 27,938, ,500,000 45,000,000 3,690,674 36,906,744 8,968, ,500,000 45,000,000 4,059,742 40,597, ,690,674 40,597, ,500,000 45,000,000 4,500,000 45,000, ,258, ,000,000 60,000,000 4,500,000 45,000,

58 2012 ANNUAL REPORT ,000,000 60,000,000 4,770,000 47,700, ,000,000 60,000,000 5,485,500 54,855, ,155,000 54,855, ,000,000 80,000,000 6,024,050 60,240, % 5,385,500 60,240, ,000,000 80,000,000 6,385,493 63,854, % 3,614,430 63,854, ,000,000 80,000,000 6,085,493 60,854, ,000,000 60,854, ,000,000 80,000,000 5,933,054 59,330, ,524,390 59,330, ,000,000 80,000,000 6,643,934 66,439, ,108,800 66,439, ,643,934,000 1,356,066,000 8,000,000,

59 ,643,934, ,643,934,000 0% 100% 0% 0% 0% 100% 11,000, ,000, ,643,934, % 1 6,643,934, % ,643,934, % ()

60 2012 ANNUAL REPORT () () 6,158,248 6,360,835 6,643, (2) % % / 5/ 6/ (1) (2) 2. (1) 0.31,993,180,200 (2) 3%301,993,180,200 58

61 % 3. (1) ,840,639 (2) (3) ,972,73252,997, ,976,86752,997,1084,

62 2012 ANNUAL REPORT () ,000 1,000 10() % % 90CP % ,398,304,000 25,398,304,000 25,398,304,000 63,928,917,000 63,928,917,000 63,928,917,000 % 92.21% 92.21% % G12401 G12402 G12403

63 ,000 1,000 1, CP CP CP ,000,000,000 45,000,000,000 45,000,000,000 97,732,250,000 97,732,250,000 97,732,250, G12404 G12405 G

64 2012 ANNUAL REPORT ,000 1,000 1, CP CP ,700,000,000 47,700,000,000 47,700,000, ,438,726, ,438,726, ,438,726, A+twn A+twn Atwn G12407 G12408 G

65 ,000 1,000 1, ,855,000,000 54,855,000,000 54,855,000, ,202,192, ,202,192, ,260,953, twaa twaa A+twn G12412 G12413 G

66 2012 ANNUAL REPORT ,000() 1,000() 1,000() CP % 1.45% 90CP % ,855,000,000 54,855,000,000 60,240,500, ,260,953, ,260,953, ,602,563, % 77.33% 77.80% A+(twn) A+(twn) AA-(twn) G12415 G12416 G

67 ,000() 1,000() 1,000() % 90CP % 1.70% ,240,500,000 60,240,500,000 60,240,500, ,602,563, ,602,563, ,602,563, % 77.80% 77.80% AA-(twn) AA-(twn) AA-(twn) G12418 G12419 G

68 2012 ANNUAL REPORT ,000() 1,000() 1,000() % 1.43% 1.55% ,854,930,000 60,854,930,000 60,854,930, ,632,593, ,632,593, ,632,593,000 % 99.33% 99.33% 99.33% twaa twaa twaa- G12421 G12422 G

69 ROA 0.27% 0.28% -0.01% ROE 6.07% 6.55% -0.48% 12.63% 10.23% 2.40% 7,532,869 7,571,015-38,

70 2012 ANNUAL REPORT Operations Overview

71 ( ) ( ) ,710 43,099 1, , ,167 16, , ,211 25, ,053,624 1,010,477 43, , ,384 10, , ,293 10, ,224,235 1,202,677 21, ,277,859 2,213,154 64, ,101 41,675 2, ,761 81,928-2, , , ,401,721 2,336,757 64,

72 2012 ANNUAL REPORT , ,314-64, , ,660-1, , ,630-12, ,290 1, ,866,603 1,944,539-77, ,400 2, ,038 10, ,656 39,088 2, ,981 3,991-1, ,171 27,386-3, ,246 83,934-2, ,820 3, ,956 8, ,471 81,880 7, ,247 94,372 7, DBUOBU NCDCD 407, ,300 73, ,891 37, ,507 27,199 7, ,470 30, ,624 11,726-5, , ,283 75,

73 , ,118 * 252,162* 16, AUM 452,077* 435,895* 16, EDI 3,723,981 3,581, , , ,332 56, ATM 407, ,883 7, ACH 152, ,537 42, ,203 35,128-2, ,790 43,814-5, ,362 21,334-2, ,101 1, ,992 27,010 3, () 95,022 86,471 8,

74 2012 ANNUAL REPORT ,712 19,452 1, ,045 64,096 1, (%) (%) 25,299, ,688, , ,727, ,356, ( 628,580 ) ( ) 3,368, ( 1,248,135 ) ( 3.72 ) 4,616, , , , , , , ( 1,966,766 ) ( 5.96 ) 2,531, ( 4,498,000 ) ( ) 140, , , , , , , , , ,176, ,238, ( 1,062,132 ) ( ) 390, , , ,996, ,563, ( 566,260 ) ( 1.69 ) 72

75 1. (1) (2) (3) (4) e (5) 2. (1) (2) (3) (4) 3. (1) 5P (2) (3) (ATM) (4) 4. (1) (2) (3) (4) ) ( 73

76 2012 ANNUAL REPORT 5. (1) (2) (3) (4) ( ) (1) (2) (3) (4) 74

77 4. (1) (2) (3) ( ) (1) (2) , , , (3) ,9641, ,243 1, ,

78 2012 ANNUAL REPORT 2. (1) () , ,575 (2) ()() (3) 10215, ( )

79 ,409 1,482 1,485 7,260 7,051 7, ,669 8,533 8, , % 1, % 1, % % % % % % % 6, % 6, % 6, % 1.26% 1.18% 3,626 3,634 3,671 1,692 1,749 1,753 1,482 1,567 1,582 5,623 5,711 5, %2,364 2,421 2,436 5,367 5,373 5,376 5,536 5,604 5,663 //// 1,787 2,154 2,219 3,348 3,395 3,439 3,067 3,115 3,138 1,830 1,843 1,859 / 2,158 2,226 2,247 4,641 4,761 4,791 17,566 15,380 3,971 1,407 1,

80 2012 ANNUAL REPORT 101 ( ) 1. (1) IBM 2818-V02IBM 2818-V02IBM 2818-Q02 (2) 2. AS/400R6 ServerNT Server (1) IBM Z/OSLINUXUNIXOS/400AIXWINDOWS (2) WASMQDB2IMSComserverLDAPSQL DB 5. ( ) ( )

81 , , , ,800 79

82 2012 ANNUAL REPORT Financial Status

83 ,591, ,004, ,059, ,730, ,355,643 54,844,619 17,160,870 19,004,149 25,025,499 31,259,237-17,867,261 19,351,808 16,950,666 12,833,055 20,385,892-1,860,974,490 1,938,497,764 1,782,121,742 1,797,418,534 1,832,644,545 47,538,520 47,021,325 45,092,091 49,771,450 64,785,297 14,458,863 8,712,829 9,235,055 8,366,968 8,171,079 1,793,584 3,202,912 10,413,260 7,102,083 5,628,867-68,796,752 47,951,934 39,120,599 46,396,845 56,149,881 - ( 3) 36,919,481 35,386,491 33,636,468 33,871,628 34,030,468 3,735,249 3,831,442 3,794,778 3,703,584 3,624,616-3,891,180 4,509,079 4,776,869 5,312,729 6,096,156 2,855,411,171 2,755,631,103 2,656,205,268 2,568,532,872 2,487,131, ,276, ,844, ,176, ,092, ,656,838 3,511,220 4,218,801 8,514,028 4,826,571 4,525,836 31,160,227 43,492,636 48,236,612 54,241,801 55,961,852 2,278,185,983 2,213,417,495 2,144,954,360 2,065,393,420 1,983,480, ,080,000 90,080,000 75,470,000 84,420,000 77,771,000 2,683,081 2,391,743 2,113,254 1,906,142 1,763,570 8,607,118 12,952,325 12,533,698 3,764,909 4,554,131 51,238,914 48,600,767 40,603,956 49,626,818 49,215,324 2,719,743,401 2,642,998,510 2,537,602,705 2,458,271,919 2,379,929, ,644,824,158 2,541,217,135 2,459,349,019 2,384,237,889 66,439,340 60,854,930 60,240,500 54,855,000 54,855,000 31,598,687 20,647,756 30,193,386 32,242,401 32,207,944 31,134,236 25,427,015 22,495,041 19,153,442 16,586,850-23,601,367 18,880,611 18,076,342 12,278,450-6,062,145 5,434,727 4,332,062 4,333,796 4,420,439 ( 69,790) 57,313 2, , , , ,852 1,339,090 1,379, , ( 1,898,154) ( 1,898,154) 135,667, ,632, ,602, ,260, ,202, ,806, ,988, ,183, ,893,792 1: ,108, ,363 81

84 2012 ANNUAL REPORT (1) ,299,415 24,688,950 22,697,212 22,659,445 27,356,107 7,697,557 8,874,282 9,570,490 9,432,487 6,912,973 4,392,239 5,170,597 4,885,242 5,229,495 6,248,668 19,691,895 19,381,915 18,564,888 18,284,546 18,512,537 8,912,838 9,010,720 8,817,572 8,577,891 9,507, ,671 7,532,869 7,571,015 7,649,999 6,874,992 7,530,778 7,532,869 7,571,015 7,649,999 6,874,992 7,530,778 (2) (3) Key Performance Indicator, KPI %

85 ( )( ) 3,867 3,872 3,666 3,574 3,854 ( ) % ( 1.09 ) ( 9.78 ) ( ) ( ) ( ) ( ) 18,354,824 18,768,634 17,731,414 16,728,841 14,789, % 1. (100) 2. (100) ~ (1) (2) (3) (4) (5) (6) (7) 2. (1) = (2) (3) (4) (5) ()4 3. (1) / (2) / 4. (1) =() (2) = 5. (1) /(++ ++) (2) /(+ ) (3) =/ (1) 5 (2) (3) (4) (1) (2) (3) (4) (5) (6)

86 2012 ANNUAL REPORT ,439,340 60,854,930 60,240,500 54,855,000 54,855, ,598,687 20,647,756 30,193,386 32,242,401 32,207,944 17,881,897 15,610,593 13,315,593 11,253,095 8,993, , , ,072,140 9,636,223 9,179,448 7,900,347 7,592, , , ,612-2,064,881-2,753,121 3,170,005 3,170,005 3,170,005 3,170,005 3,170, ,959,625 3,744,936 7,435,453 5,663,040 5,009, ,417,997 99,235, ,150,857 95,352,917 92,716, ,310,000 23,310,000 23,310,000 23,310,000 23,310,000 6,062,145 5,434,727 4,332,062 4,333,796 4,420,439 45% 475, , , , , ,978,493 2,999,453 2,909,136 1,384,432 2,712,071 49,102,000 39,894,000 33,676,000 30,068,000 32,650, ,959,625 3,744,936 7,435,453 5,663,040 5,009,964 80,968,955 68,368,385 57,470,960 54,216,725 58,930, ,386, ,603, ,621, ,569, ,647,536 1,548,538,285 1,569,701,294 1,369,357,006 1,330,845,357 1,355,305, , , ,587 1,102, ,652,207 56,463,228 54,386,484 / 52,939,133 52,217, ,447,039 15,739,309 17,208,450 26,117,063 21,455, ,609,924,457 1,637,727,992 1,443,560,740 1,414,141,235 1,432,250, BASEL ll

87 () 1 1BASEL II = ,439,340 60,854,930 60,240,500 54,855,000 54,855, ,598,687 20,647,756 30,193,386 32,242,401 32,207,944 17,881,897 15,610,593 13,315,593 11,253,095 8,993, , , ,072,140 9,636,223 9,179,448 7,900,347 7,592, , , , ,520 1,001, , , ,612-2,064,881-2,753,121 3,170,005 3,170,005 3,170,005 3,170,005 3,170, ,112,611 2,929,519 3,236,744 2,222,429 2,303, ,438, ,219, ,664,066 99,540,048 96,424, ,310,000 23,310,000 23,310,000 23,310,000 23,310,000 6,062,145 5,434,727 4,332,062 4,333,796 4,420,439 45% 475, , , , , ,185,571 3,197,990 3,047,111 1,380,640 2,716,734 49,102,000 39,894,000 33,676,000 30,068,000 32,650, ,112,611 2,929,519 3,236,744 2,222,429 2,303,467 82,023,047 69,382,339 61,807,644 57,653,544 61,641, ,461, ,601, ,471, ,193, ,066,557 1,551,054,616 1,571,938,427 1,392,826,180 1,354,580,338 1,380,071, , , ,587 1,102, ,084,740 57,675,737 55,161,949 / 55,146,919 54,508, ,446,991 15,737,951 28,169,929 34,398,113 26,777, ,614,648,526 1,642,254,530 1,479,423,926 1,447,369,775 1,463,114,

88 2012 ANNUAL REPORT

89

90 2012 ANNUAL REPORT $ 57,444,085 $ 52,772, ,147, ,231, ,844,619 17,160, ,867,261 19,351,808 ( 8 ) ,860,974,490 1,938,497,764 ( 4 ) ,538,520 47,021, ,458,863 8,712, ,793,584 3,202,912 ( 44 ) ,796,752 47,951, ,352,908 24,132, ,846,923 13,655, ,500,382 5,509, , , ,242,502 1,305,489 ( 5 ) , ,978 ( 4 ) 47,409,782 46,092, ,668,122 11,323, ,574 6,574-35,735,086 34,762, , , ,508 51, ,919,481 35,386, ,735,249 3,831,442 ( 3 ) ,891,180 4,509,079 ( 14 ) $ 2,855,411,171 $ 2,755,631,

91 21000 $ 234,276,858 $ 227,844, ,511,220 4,218,801 ( 17 ) ,160,227 43,492,636 ( 28 ) ,491,492 43,038, ,278,185,983 2,213,417, ,080,000 90,080, ,683,081 2,391, ,607,118 12,952,325 ( 34 ) ,747,422 5,562,592 ( 15 ) ,719,743,401 2,642,998, ,000,0006,643,934 6,085,493 66,439,340 60,854, ,459,045 20,508, , , ,485 36, ,598,687 20,647, ,881,897 15,610, , , ,072,140 9,636, ,134,236 25,427, ,062,145 5,434, ( 69,790) 57,313 ( 222 ) , , ,495,507 5,702, ,667, ,632, $ 2,855,411,171 $ 2,755,631,

92 2012 ANNUAL REPORT $ 48,003,389 $ 45,096, ( 22,703,974 ) ( 20,407,582 ) 11 25,299,415 24,688, ,727,993 4,356,573 ( 14 ) ,368,240 ( 1,248,135 ) , , ,103 50, ( 1,966,766 ) 2,531,234 ( 178 ) ,505 23, , , ,176,274 2,238,406 ( 47 ) , , ,697,557 8,874,282 ( 13 ) 32,996,972 33,563,232 ( 2 ) ( $ 4,392,239 ) ( $ 5,170,597 ) ( 15 ) ( 13,449,310 ) ( 12,936,555 ) ( 1,170,244 ) ( 1,185,387 ) ( 1 ) ( 5,072,341 ) ( 5,259,973 ) ( 4 ) ( 19,691,895 ) ( 19,381,915 ) ,912,838 9,010,720 ( 1 ) ( 1,379,969 ) ( 1,439,705 ) ( 4 ) $ 7,532,869 $ 7,571,015 ( 1 ) $ 1.45 $ 1.22 $ 1.41 $ $ 1.45 $ 1.22 $ 1.41 $

93 6,024,050 $ 60,240,500 $ 30,193,386 $ 13,315,593 $ - $ 9,179,448 $ 4,332,062 $ 2,484 $ 1,339,090 $118,602, ,295,000 - ( 2,295,000 ) ( 3,614,430 ) ( 3,614,430 ) 120,481 1,204, ( 1,204,810 ) ,144,531 61,445,310 30,193,386 15,610,593-2,065,208 4,332,062 2,484 1,339, ,988, ,962 2,409,620 ( 2,409,620 ) ,571, ,571, ( 7,136,010 ) ( 7,136,010 ) ( 300,000 ) ( 3,000,000 ) ( 12,241 ) ( 3,012,241 ) , , , , ,102, ,102, ,829-54, ( 1,115,997 ) ( 1,115,997 ) 6,085,493 60,854,930 20,647,756 15,610, ,199 9,636,223 5,434,727 57, , ,632, ,271,304 - ( 2,271,304 ) ( 1,825,648 ) ( 1,825,648 ) 6,085,493 60,854,930 20,647,756 17,881, ,199 5,539,271 5,434,727 57, , ,806, ,532, ,532,869 ( 152,439 ) ( 1,524,390 ) ( 86,935 ) ( 188,795 ) ( 1,800,120 ) , , , , ,880 7,108,800 10,663, ,772, , , ( 127,103 ) - ( 127,103 ) , , ,199 $ 13,072,140 $ 6,062,145 ( $ 69,790 ) $ 503,152 $135,667,770 6,643,934 $ 66,439,340 $ 31,598,687 $ 17,881,897 $ 52,99758,846423,977470,769 91

94 2012 ANNUAL REPORT $ 7,532,869 $ 7,571, ,032 ( 2,683,607 ) ( 304,410 ) ( 138,473 ) 80, ,231 ( 11,961 ) 43,441 ( 140,505 ) ( 23,343 ) ( 209,789 ) ( 42,831 ) 1,170,244 1,185,387 4,392,239 5,170, , , ,783 - ( 330,844 ) 448,199 ( 64,336 ) ( 77,333 ) ( 34,736,864 ) 8,866,682 1,562,280 ( 2,441,721 ) ( 68,169 ) 30,170 ( 4,987,423 ) ( 10,168,495 ) 3,491,189 6,523,715 ( 763,761 ) 756,828 ( 22,459,550 ) 15,508,951 ( 109,915,152 ) 78,274, ,000 1,449,034 73,125,138 ( 163,555,090 ) ( 18,517,860 ) ( 11,942,527 ) 18,097,604 8,705,788 ( 7,777,038 ) ( 2,870,029 ) 1,755,220 3,441,217 - ( 122,400 ) ( 32,690,054 ) ( 19,667,359 ) 11,379,516 11,351, ( 132,937 ) 99,561 ( 1,296,474 ) ( 1,432,863 ) 398, , ,086 11,813 ( 64,475,420 ) ( 96,044,308 ) 6,432,115 22,667,946 ( 12,332,409 ) ( 4,743,976 ) 64,768,488 68,463,135 92

95 $ 20,000,000 $ 14,610,000 ( 4,345,207 ) 418,627 ( 16 ) 3,815 ( 1,825,648 ) ( 3,614,430 ) - ( 428,986 ) 17,772, ,370-90,572,693 97,376,131 1,033,648 ( 620,954 ) 4,671,371 16,219,820 52,772,714 36,552,894 $ 57,444,085 $ 52,772,714 $ 22,408,319 $ 19,566,204 $ 1,098,867 $ 2,356,996 $ - $ 153,000 - ( 30,600 ) $ - $ 122,400 $ 1,800,120 $ - $ 157,450 75,422 60,092 ( 152,412 ) 2,037,982 ( 1,661 ) 373,489 ( 24,909 ) 34,047 ( 12,241 ) 17,348 ( 3,000,000 ) 6,407 ( $ 428,986 ) 93

96 2012 ANNUAL REPORT 8,5338,669 94

97 TAIBIR 95

98 2012 ANNUAL REPORT 96

99

100 2012 ANNUAL REPORT 98

101 ( ) ( ) ( ) ( ) ( ) 99

102 2012 ANNUAL REPORT () () $ 21,264,281 $ 21,505,471 25,025,281 22,976,933 11,154,523 8,290,310 $ 57,444,085 $ 52,772,714 $ 27,411,042 $ 23,517,685 59,877,974 57,495,186 44,101,453 41,674, , ,421 39,200,000 39,200, ,875, ,300,000 3,532,481 1,529,037 1,040,877 1,399,827 55,895,103 77,892,304 $ 687,147,087 $ 577,231,

103 $ 50,640,071 $ 12,446,442 1,444,295-98,033 6,092 1,106,128 2,486, , , ,825 63,485 29,496 34,904 22,910 61,352 16,877 45,474 5,088 5, ,042 54,116,795 15,494,131 $ 582,591 $ 897, , , ,824 1,666,739 $ 54,844,619 $ 17,160,870 $ 899,925 $ 1,846, , , , ,892 34,059 85,246 31,791 36, ,847-4,380 1,703,017 2,391,284 1,808,203 1,827,517 $ 3,511,220 $ 4,218,801 7,427,500 10,685,

104 2012 ANNUAL REPORT $ 255,790,570 $ 318,546,096 33,990,416 28,867,794 30,288,817 9,045,552 8,482,047 13,507,086 7,768,509 12,750,211 4,877,455 6,299, ,607 1,220,940 69, ,499 $ 5,190,967 $ 5,783,390 4,542,621 4,848,522 2,820,282 3,217,811 2,332,027 2,385,791 1,136,568 1,677, , , , , , , , ,993 9, , , ,292 18,679,119 20,543, ,858 1,191,436 $ 17,867,261 $ 19,351,

105 1,137,622 1,679,240 $ 727,847 $ 467,989 $ 1,193,018 $ 894, ,369 75, ,111 99,132 16,614, ,908 17,460, ,898 17,541, ,858 18,864,004 1,191,436 $ 1,191,436 $ 1,238,850 ( 56,955 ) ( 27,674 ) ( 749,215 ) ( 26,676 ) 435,525 - ( 8,933 ) 6,936 $ 811,858 $ 1,191,436 $ 2,290,263 $ 1,935, , ,123 1,841,794 1,080, , , ,405, ,069,469 1,062, , ,233, ,734, ,545, ,461, ,488, ,197,803 48,479,342 52,381, ,602, ,247,969 13,632,743 12,433,710 1,880,767,782 1,957,649,319 19,492,632 18,943, , ,157 $ 1,860,974,490 $ 1,938,497, ,928256,

106 2012 ANNUAL REPORT $ 38,253,014 $ 9,983,201 $ 26,432,615 $ 7,433,438 11,417,355 2,809,460 13,563,852 3,407,593 1,831,097,413 6,699,971 1,917,652,852 8,102,367 1,880,767,782 19,492,632 1,957,649,319 18,943,398 $ 18,943,398 $ 17,631,034 4,476,516 5,096,985 ( 3,848,903 ) ( 3,828,722 ) 5,647 4,736 ( 84,026 ) 39,365 $ 19,492,632 $ 18,943,398 $ 4,476,516 $ 5,096,985 ( 56,955 ) ( 27,674 ) ( 6,142 ) ( 76,762 ) ( 21,180 ) 178,048 $ 4,392,239 $ 5,170,597 $ 38,769,435 $ 38,255,110 5,110,566 5,047,765 3,024,810 3,111, , , ,135 $ 47,538,520 $ 47,021,325 21,415,200 27,771,

107 $ 5,853,651 $ 5,493,870 5,462,664-2,000,000 2,000, , , , , , ,083 $ 14,458,863 $ 8,712,829 5,302 $ 1,562, $ 1,521, , , , , ,380, , $ 1,793,584 $ 3,202,912 80,10350,151 BNP Paribas Investment Partner S.A. 300,00051% 153, ,739 7,136,010 1,524,390 1,800,

108 2012 ANNUAL REPORT $ 404,251 $ 296, , , ,727 14,120 64,424,525 43,715,314 4,222,500 4,222,500 $ 68,796,752 $ 47,951,934 $ 47,596,894 $ 28,853,692 16,827,631 14,713, ,858 $ 64,424,525 $ 43,715,314 2,123,800 2,95748,718 $ 3,120, $ 3,120, , , , , , , , ,883 $ 4,222,500 $ 4,222,

109 $ 17,062,998 $ 16,708,435 8,289,910 7,424,006 $ 25,352,908 $ 24,132,441 $ 5,016,071 $ 4,654,359 4,399,221 4,354, , ,365 1,072,112 1,129, , ,032 $ 11,668,122 $ 11,323,332 $ 6,574 $ 6,574 8,524,8012,816, , %11.08% $ 3,170,005 $ 3,170, , ,437 $ 3,735,249 $ 3,831,

110 2012 ANNUAL REPORT $ 3,241,804 $ 3,735, , , , ,758 48,000 48,000 22,396-7,048 7,208 $ 3,891,180 $ 4,509,079 $ 2,064,697 $ 2,435, , ,477 2,299,588 2,655,262 1,349,379 1,473,354 3,648,967 4,128, , ,371 8,603 8,603 $ 3,241,804 $ 3,735, ,76472,061 $ 109,926,469 $ 103,815,560 95,146,107 92,227,692 28,210,034 30,927, , , , ,080 $ 234,276,858 $ 227,844,

111 31,160,22743,492,636 31,180,26143,513,987 $ 25,025,281 $ 22,976,933 6,211,243 4,137,811 4,372,165 4,076,510 3,320,849 3,446,317 2,840,103 3,247, ,687 1,880, , , , , , , , , ,026 1,826,350 1,903,648 $ 46,491,492 $ 43,038,175 $ 44,710,007 $ 43,098, ,292, ,757, ,546, ,211, ,878, ,524,928 2,266,600 2,137, ,939, ,292,669 69,224,834 71,132, , ,923 $ 2,278,185,983 $ 2,213,417,

112 2012 ANNUAL REPORT ,000, % 3,200, % Fixing Rate0.235% Fixing Rate0.7% 901.7% Fixing Rate0.34% Fixing Rate0.85% % Fixing Rate0.43% % Fixing Rate0.95% % % % % Fixing Rate0.15% % Fixing Rate0.15% % Fixing Rate0.25% % % $ 18,200,000 $ 18,200,000 7,000,000 7,000,000 13,000,000 13,000,000 1,360,000 1,360,000 5,810,000 5,810,000 1,000,000 1,000,000 4,500,000 4,500,000 4,500,000 4,500,000 4,100,000 4,100,000 4,000,000 4,000,000 8,000,000 8,000,000 3,000,000 3,000,000 1,000,000 1,000,000 7,300,000 7,300,000 2,700,000 2,700,000 1,200,000 1,200,000 3,410,000 3,410,000 11,650,000 -

113 % % $ 1,000,000 $ - 7,350,000 - $ 110,080,000 $ 90,080, % $ 1,800,000 $ 1,800,000 8,203 27,517 $ 1,808,203 $ 1,827,517 13,000,000 $ 6,362,824 $ 9,937,568 1,165,464 1,901,254 1,078,830 1,113,503 $ 8,607,118 $ 12,952,325 $ 2,816,216 $ 2,562,372 1,184,824 1,948, , , , , ,884 $ 4,747,422 $ 5,562,592 90,28588,

114 2012 ANNUAL REPORT $ 1,048,697 $ 975, , ,035 ( 51,194 ) ( 55,007 ) 1,557 ( 39,097 ) $ 1,140,989 $ 1,024,838 $ 6,438,587 $ 5,615,562 1,362,787 1,352,681 7,801,374 6,968,243 1,992,322 1,822,145 9,793,696 8,790,388 ( 5,594,604 ) ( 5,098,081 ) 4,199,092 3,692,307 ( 4,288 ) ( 5,360 ) ( 1,511,723 ) ( 1,295,204 ) $ 2,683,081 $ 2,391,743 $ 7,446,801 $ 6,599, % 1.65% 2.00% 2.00% 1.50% 1.65% $ 5,098,081 $ 4,411, , ,742 51,194 55,007 ( 293,281 ) ( 112,969 ) $ 5,594,604 $ 5,098,

115 $ 7,291,630 $ 7,090,305 2,629,785 2,639,008 1,422,324 1,125, , ,391 1,353,726 1,347,360 1,170,244 1,185,387 17% $ 1,515,182 $ 1,531,822 ( 381,458 ) ( 141,214 ) 107,006 30,164 92,686 ( 484,897 ) 1,333, ,875 ( 330,844 ) 448,199 29,991 2,055 10% 347,406 53,576 $ 1,379,969 $ 1,439,705 $ 371,967 $ 322,440 93,251 75,001 68,284 80,278 45,521 93,166 14, ,125 32,500 23, , , , , , ,983 ( 538,901) ( 538,901) ( 14,686) ( 117,613) ( 4,558) - - ( 11,862) ( 558,145) ( 668,376) ( $ 234,345) ( $ 516,393) 113

116 2012 ANNUAL REPORT $ 1,700,164 $ 2,582, %22.84% 19,985 2,958,671 3,105, , , ,981542,373 ( ) 1,204,810 2,409,6203,614,430361,443 1,524,

117 80,000,00066,439,340 ( ) 206,739 7,136, , , ( ) 165,255 14,944 ( ) 1,108,854647,363 ( ) ,880

118 2012 ANNUAL REPORT , ,974 $ 2,271,304 $ 2,295,000 1,825,648 3,614,430 $ 0.3 $ 0.6-1,204, $ 423,977 $ 470,769 52,997 58,

119 $ 8,912,838 $ 7,532,869 6,158,248 $ 1.45 $ 1.22 $ 9,010,720 $ 7,571,015 6,360,835 $ 1.41 $ ,201 $ 9,010,720 $ 7,571,015 6,371,036 $ 1.41 $ 1.19 ( ) 117

120 2012 ANNUAL REPORT 1. $ 16,966 - $ 26, $ 17,258,866 $ 7,078,948 1 $ 104, $ 23,815,217 $ 13,934,623 2 $ 101, $ 2,324,938 1 $ 20,453 $ 3,156,302 1 $ 19, $ 4,015,226 $ 435,525 - $ 1, $ 11,711,944 $ 531,809 - $ 30, $ 169,648 $ 103,269 - $ 1, $ 162,081 $ 125,919 - $ 1,

121 6. $ - - $ 1, $ 50,000 - $ $ 31,854,937 $ 5,980,161 - $ 35, $ 13,226,844 $ 5,064,545 - $ 26, $ 75,229 - $ 61, $ 14,375 - $ 21, $ - - $ 4, $ $ 1, $ 716,051 2 $ $ 16,596 - $ 12, $ $ $ 829, $ 727, , , $ 888, $ 792, $ 55, $ 24, $ 7,949 2 $ 3,689 1 $ 2,000 - $ 2,000-90%100% 119

122 2012 ANNUAL REPORT 19 $ - $ - $ 1,197,451 $ - $ - $ - $ 714,640 $ - $ - $ - $ 250,047 $ - $ - $ - $ 665,066 $ - $ - $ - $ 365,000 $ - $ - $ - $ 2,070,512 $ - $ - $ - $ 219,306 $ - $ - $ 827,572 $ 736,992 $ - $ - $ - $ 2,218,825 $ USD 5,000 ( $ 5,238 ) ( $ 2,331 ) USD 5,000 ( 6,150 ) ( 1,930 ) USD 5,000 ( 6,214 ) 1, USD 10,036 ( 2,045 ) ( 2,045 ) USD 4,935 ( 1,006 ) ( 1,006 ) USD 10,029 ( 519 ) ( 519 ) USD 10,033 ( 519 ) ( 519 ) USD 13,000 ( 1,258 ) ( 1,258 ) USD 3,187 ( 778 ) ( 778 ) USD 3,000 ( 196 ) ( 196 ) USD 10,000 ( 654 ) ( 654 ) USD 5,000 ( 327 ) ( 327 ) 120

123 USD 5,000 $ 185 $ 2, USD 5, , USD 5,000 ( 428 ) 7,509 11, $ 69,474 $ 64,687 $ 64,687 $ ,174 38,582 38, $ 40,567 $ 25,745 $ 25,745 $ , , , ,10010 $ 32,868 $ 32,564 11,783 12,928 1,157 54,487 $ 45,808 $ 99,979 $ 73,000,000 $ - 40,000,000 40,000,000 30,000,000 30,000, , ,

124 2012 ANNUAL REPORT 14,100 9,100 $ 409,394 $ 275, , ,000 50,000 50,000 10,000 10,000-2,000,000 1,400 1,400 $ 144,173,894 $ 73,086,303 RTGS ( ) Federal Reserve Bank of San FranciscoDiscount Window Account $ 197,862 $ 98,400 $ 296,262 $ 241,429 $ 137,559 $ 81,900 $ 219,459 $ 170,084 ( ) 161,064 $ 577, , , ,211 96,679 5,505,627 4,612,

125 $ 54,844,619 $ 54,844,619 $ 17,160,870 $ 17,160,870 47,538,520 47,538,520 47,021,325 47,021, ,321, ,321, ,679, ,679,118 1,860,974,490 1,860,974,490 1,938,497,764 1,938,497, , ,727 14,120 14, , , , ,471 14,458,863 14,467,097 8,712,829 8,664,629 64,424,525 64,813,717 43,715,314 43,661,709 3,511,220 3,511,220 4,218,801 4,218, ,926, ,926, ,069, ,069,992 2,278,185,983 2,278,185,983 2,213,417,495 2,213,417,495 8,607,118 8,607,118 12,952,325 12,952, ,080, ,483,151 90,080,000 90,774,667 ( ) 1. Black Scholes model Bloomberg

126 2012 ANNUAL REPORT %1.275%0.8%1.1% ( ) $ 98,033 $ 98,033 $ - $ - $ 6,092 $ 6,092 $ - $ - 1,444,295 1,444, ,640,071-50,640,071-12,446,442-12,446, , , ,852-1,666, , ,040-3,024,810 3,024, ,111,688 3,111, ,880,001 12,859,933 31,020,068-43,452,010 6,034,319 37,417, , , , , ,813,717-64,813,717-43,661,709-43,661,709 - ( 1,808,203 ) - ( 1,808,203 ) - ( 1,827,517 ) - ( 1,827,517 ) - - 1,934,396 5,088 1,929,308-3,041,597 5,086 3,036,511 - ( 1,703,017 ) - ( 1,703,017 ) - ( 2,391,284 ) - ( 2,391,284 ) - 1. (1) (2)(3)

127 367,0322,683,607 $ 229,503 $11,036,186 $ 3,885,800 $ 502 $15,151,991 26,833-27,010-53,843 - ( 7,301,416 ) ( 4,299,156 ) - ( 11,600,572 ) ( 40,396 ) - 19,314 - ( 21,082 ) $ 215,940 $ 3,734,770 ( $ 367,032 ) $ 502 $ 3,584,180 $ 111,707 $ 10,928,210 $ 8,683,163 $ 9,841 $ 19,732, ,981 - ( 126,288 ) - ( 17,307 ) - ( 14,869,793 ) ( 5,884,932 ) - ( 20,754,725 ) ( 40,244 ) - 11,664 - ( 28,580 ) $ 180,444 ( $ 3,941,583 ) $ 2,683,607 $ 9,841 ( $ 1,067,691 ) 390,8932,830, $ 47,747,053 $ 44,875,844 ( 22,663,578 ) ( 20,367,338 ) $ 25,083,475 $ 24,508, , ,524304,410138, $ 4,346,769 $ 4,937,863 ( 618,776 ) ( 581,290 ) $ 3,727,993 $ 4,356,573 ( )

128 2012 ANNUAL REPORT 2. (1) $ 9,036, $ 262,385,895 $ 8,965, $ 271,419, , ,805, , ,204,483 35,195, ,825,593 48,565, ,925,881 1,732, ,490,176 1,670, ,509,656 1,171, ,457, , ,301, , ,115, , ,811,966 15, ,502 16, ,145 6, ,921 8, ,124 26, ,876 14, ,160 1, ,348 46, ,148,204 2, ,996 4, ,655 1, ,002 20, ,503 2, ,952 2, ,165 8, ,732 7, ,429 1, ,146 2, , , ,562,727 38, ,521,179 8,846, ,868,057 8,406, ,520,227 2,744, ,412,798 2,431, ,020, , ,104, , ,762, , ,823, , ,820,223 18,564, ,237,774 30,278, ,799,

129 $ 1,105, $ 4,142,761 $ 1,040, $ 4,056, , ,418, , ,826 41, ,953,499 83, ,883,451 73, ,753, , ,769,506 51, ,495,943 76, ,271,043 4, ,044 4, ,835 4, ,383 6, ,583 4, ,990 6, ,090 5, ,765 8, , $ $ 3 $ $ 3 (2) $ 7,835, $ 5,136, ,743, ,357, ,801, ,101, ,011, ,122, , ,460, , ,883,993, ,860,953, ,328, ,584, ,572, ,088, ,932, ,025, $ 228,291, $ 201,415, ,800, ,800, ,239, ,777, ,016, ,075, ,101, ,106, ,829, ,991, ,512, ,162, ,650, ,510, ,243, ,415, ,122, ,431, ,192, ,507,

130 2012 ANNUAL REPORT ,143,040, ,945,792 43,524,855 78,686,901 2,391,198,065 1,110,669, ,098, ,074,198 54,831,219 2,266,673,083 1,032,371,367 ( 865,152,724 ) ( 66,549,343 ) 23,855, ,524, ,484, ,098,595, ,340,697 8,479,526 56,601,685 2,277,016,972 1,157,662, ,436,710 73,087,785 34,592,209 2,191,779, ,932,747 ( 813,096,013 ) ( 64,608,259 ) 22,009,476 85,237, ,463, ,986, , , ,695 10,465,434 9,533, , ,599 27,650 10,642,647 ( 546,752 ) 302,289 ( 261,795 ) 329,045 ( 177,213 ) 212, ( ) ,854,237 1,116, , ,268 11,372,099 9,864, , ,191 9,900 10,826,214 ( 9,786) 516,045 ( 63,742 ) 103, , ,

131 3. 67%66%9.29%16.87% 7.27%16.92%15.23%14.76% $ 40,034,360 $ 38,501, ,181, ,976,164 98,802,356 61,816,331 $ 765,656, $ 807,266, ,983, ,001, ,438, ,439,

132 2012 ANNUAL REPORT A 54,214, A 54,299, B 38,296, B 43,592, C 23,592, C 24,542, D 15,162, D 21,323, E 13,935, F 15,368, F 13,492, E 13,571, G 12,636, I 9,275, H 9,207, G 9,126, I 9,032, K 9,043, J 8,621, L 7,728, %16.75% 130

133 $ 57,444,085 $ - $ - $ - $ - $ 57,444, ,967,367 42,608,083 43,223,298 61,699,419 19,648, ,147,087 54,063, , , ,082 54,844,619 11,403,800 2,500,260 1,267,268 1,878,638 1,629,153 18,679,119 61,627, ,649, ,608, ,522,614 1,304,358,993 1,880,767,782 1,801,107 3,272, ,303 1,423,449 40,838,623 47,538, ,175 6,767,348 7,210,340 14,458, ,459 2,034,442 1,267,976 3,640,298 57,381,601 64,828,776 $ 706,812,602 $ 158,064,847 $ 203,408,475 $ 326,079,215 $1,431,343,712 $2,825,708,851 $ 148,815,575 $ 52,759,078 $ 16,493,112 $ 15,428,051 $ 781,042 $ 234,276,858 1,511,518 14,430 1,815,679 1, ,648 3,511,220 24,580,266 4,033,704 2,542,045 4,212-31,160,227 31,288,896 1,397,718 5,486,686 5,316,258 3,001,934 46,491, ,909, ,388, ,447, ,932, ,508,272 2,278,185, ,200,000 7,000,000 84,880, ,080,000 6,807,774 77,218 46, , ,084 8,607,118 $ 590,913,291 $ 394,670,402 $ 349,031,752 $ 606,447,473 $ 771,249,980 $2,712,312,898 $ 52,772,714 $ - $ - $ - $ - $ 52,772, ,658, ,422,074 55,256,710 33,687,542 58,207, ,231,935 15,796, , , ,428 17,160,870 12,464,642 2,326,871 1,104,824 2,496,858 2,150,049 20,543,244 92,406, ,666, ,694, ,741,222 1,391,140,580 1,957,649, ,799 5,000, ,372 3,768,821 36,757,595 47,021, ,723 63, , ,224 7,034,942 8,712, , ,815 1,526,686 3,324,150 37,945,105 44,012,303 $ 449,583,921 $ 311,824,592 $ 181,226,120 $ 248,529,817 $1,533,940,089 $2,725,104,539 $ 95,632,832 $ 97,076,601 $ 15,978,768 $ 18,856,686 $ 299,856 $ 227,844,743 2,391, ,827,517 4,218,801 35,109,129 5,823,528 2,547,320 12,659-43,492,636 28,648,747 1,338,229 3,264,719 5,871,909 3,914,571 43,038, ,899, ,446, ,132, ,275, ,663,095 2,213,417, ,080,000 90,080,000 10,397,779 84,646 71, ,022 2,220,000 12,952,325 $ 505,079,435 $ 449,769,801 $ 334,995,598 $ 607,194,302 $ 738,005,039 $2,635,044,

134 2012 ANNUAL REPORT ,716,369, ,274, ,017, ,219, ,472,031 1,351,385,902 2,762,980, ,308, ,393, ,658, ,170, ,449,030 ( 46,611,344 ) 278,965,743 ( 252,376,117 ) ( 175,439,061 ) ( 310,698,781 ) 412,936, ,610,099, ,809, ,848, ,004, ,964,428 1,282,472,660 3,354,841, ,460, ,433, ,492, ,465,635 1,143,988,661 ( 744,742,407) 47,348,477 ( 168,585,278 ) ( 251,488,398 ) ( 510,501,207 ) 138,483, ,024,094 7,134,121 2,368,480 1,165, ,214 2,663,582 14,024,094 11,815,307 1,042, , , ,046 - ( 4,681,186) 1,325, , ,966 2,550, ,007,809 6,843,113 3,648,499 1,631,608 1,018,435 1,866,154 15,007,809 10,478,572 3,212, , ,035 35,109 - ( 3,635,459 ) 436, , ,400 1,831,

135

136 2012 ANNUAL REPORT $ 2,220,932 $ 1,562,707 $ 2,171 $ 2,468 4,450 2, ,773, ,216,256 6, , , , ,929 10,853 6, ,289, ,935,652 24,798 11,431 13,485 2,433 55,662,385 61,981,985 29,198,464 26,447,153 18,940 18,363 29,217,404 26,465, ,537, ,518,822 55,662,385 61,981,985 29,065,728 26,329, , , ,020 94, ,829, ,068,915 ( 108,941 ) ( 137,223 ) ( 11,617 ) ( 19,887 ) 7,957 43,072 ( 112,601 ) ( 114,038 ) $ 211,403,776 $ 209,948,293 $ 211,403,776 $ 209,948,

137 $ 2,220,932 $ 1,562, ,773, ,216, , ,467 88, ,929 1,511 1,507 7, , ,800-29,198,464 26,447,153 18,940 18,363 55,662,385 61,981,985 $ 211,403,776 $ 209,948,293 $ 4,148 $ 3,864 16,516 26,741 10,305 19,497 32,049 53,794 17,599 23,089 36,970 19, , ,160 11,865 16, , ,

138 2012 ANNUAL REPORT $ 3,781 $ 15,016 55,522 71,959 7,831 29,869 16,230 45,882 14,109 25,301 34,824 28,572 81,989 48, , ,383 ( 108,941 ) ( 137,223 ) - - ( $ 108,941 ) ( $ 137,223 ) () ()() 2,000 2,010 2, ,730 ( ) 1. 4,000,

139 2. $ - $ 3,600, ,225-21,664, , ,865-5,959, , ,806-23,945, ,301-5,959,014 3,437,606 14,286,286 3,462,531 14,433,877 50, , ,00051% 2. $ - $ 88,165-15,129-2, ,014-1,463 9,881 21,748 19,574 78,

140 2012 ANNUAL REPORT 122,417, ,438,177 80,968,955 82,023, ,386, ,461,224 1,548,538,285 1,551,054, ,939,133 55,146, ,447,039 8,446, ,609,924,457 1,614,648, ,235, ,219,325 68,368,385 69,382, ,603, ,601,664 1,569,701,294 1,571,938, ,831 69, ,217,558 54,508, ,739,309 15,737, ,637,727,992 1,642,254,

141 % 61 1,993,180 ( ) ( )

142 2012 ANNUAL REPORT ( ) 140

143 ,100, ,300, ,603, ,007, ,343, ,417, ,587, ,697, ,200, ,408 12,552, , , ,151, , ,587 13,722, , ,573,192 1,880,767, ,492, ,598 2,344, , ,190,967-39,013-5,981 43,488 35,216 85,

144 2012 ANNUAL REPORT ,938, ,361, ,809, ,654, ,044, ,714, ,117, ,760, ,816, ,625 14,029, , , ,083, ,076, ,308 9,369, , ,985,684 1,957,649, ,943, ,473 2,399, , ,708 5,871, , ,487 84,117 45,019 85,925 1 () == 3 == 4 5 () () () ()

145 $ 3,681 - $ 3, ,000,000 $ 1,380,130 - $ 407, ,000,000 $ - $ 1,787,455 $ - - $ - 407,32575,0811,712,

146 2012 ANNUAL REPORT 1 % 90.02% $ 1,562, % 131, % 3,120, % 135, % 101, % 60, % 53, % 48, % 19, % 1, % % 99, % 631, % 14, % 1, %

147 1 2 % $ 70,555 2,639,659-2,639, % 84,718 1,000,000-1,000, % 227, ,000, ,000, % 33,863 13,024,125-13,024, % 1,000 10,000,000-10,000, % 3,931 3,218,968-3,218, % 10,702 4,875,270-4,875, % - 4,267,094-4,267, % 4,480 1,400,000-1,400, % - 160, , % 78 43,088-43, % - 1,000-1,000-8,897 8,050,861-8,050, % - 78,754,764-78,754, % 3,528 5,880,212-5,880, % , , % 5 13,363-13, ,768-16, % 1 2(1) (2) (3) 3 84,

148 2012 ANNUAL REPORT $ 4,547,235 (USD154,395) 1 $ 4,547,235 (USD154,395) 1 $ - $ - $ 4,547,235 (USD154,395) 1 100% $ 93,843 $ 4,620,969 $ - 2 $ 4,547,235 (USD154,395) 1 $ 4,547,235 (USD154,395) 1 $ 81,504, % 146

149 147

150 2012 ANNUAL REPORT

151 11000 $ 57,529,197 $ 52,874, ,662, ,968, ,844,619 17,160, ,919,070 19,405,206 ( 8 ) ,866,977,480 1,943,392,930 ( 4 ) ,538,520 47,021, ,462,544 8,716, ,556 1,572,078 ( 94 ) ,726,352 49,317, ,352,908 24,132, ,846,923 13,655, ,502,405 5,511, , , ,247,000 1,310,049 ( 5 ) , ,978 ( 4 ) 47,417,595 46,100, ,675,168 11,330, ,574 6,574-35,735,853 34,763, , , ,508 51, ,920,248 35,387, ,736,300 3,832,772 ( 3 ) ,891,620 4,509,847 ( 14 ) $ 2,856,307,660 $ 2,756,158,

152 2012 ANNUAL REPORT $ 234,938,850 $ 228,080, ,511,220 4,218,801 ( 17 ) ,160,227 43,492,636 ( 28 ) ,551,852 43,100, ,278,187,587 2,213,438, ,080,000 90,080, ,683,081 2,391, ,606,596 12,951,803 ( 34 ) ,747,311 5,604,218 ( 15 ) ,720,466,724 2,643,357, ,000,000 6,643,9346,085,493 66,439,340 60,854, ,459,045 20,508, , , ,485 36, ,598,687 20,647, ,881,897 15,610, , , ,072,140 9,636, ,134,236 25,427, ,062,145 5,434, ( 69,790 ) 57,313 ( 222 ) , , ,495,507 5,702, ,667, ,632, , , ,840, ,801, $ 2,856,307,660 $ 2,756,158,

153 41000 $ 48,120,447 $ 45,436, ( 22,707,299 ) ( 20,521,526 ) 11 25,413,148 24,914, ,893,292 4,561,492 ( 15 ) ,368,240 ( 1,242,238 ) , , ( 75,170 ) ( 363,072 ) ( 79 ) ( 1,966,369 ) 2,532,786 ( 178 ) ,505 ( 46,213 ) , , ,208,927 ( 100 ) ,176,274 2,238,406 ( 47 ) , , ,724,567 9,822,144 ( 21 ) 33,137,715 34,736,846 ( 5 ) ( 4,403,895 ) ( 6,007,151 ) ( 27 ) ( 13,500,764 ) ( 13,082,991 ) ( 1,170,907 ) ( 1,192,799 ) ( 2 ) ( 5,124,012 ) ( 5,358,511 ) ( 4 ) ( 19,795,683 ) ( 19,634,301 ) ,938,137 9,095,394 ( 2 ) ( 1,397,450 ) ( 1,502,316 ) ( 7 ) $ 7,540,687 $ 7,593,078 ( 1 ) $ 7,532,869 $ 7,571,015 ( 1 ) ,818 22,063 ( 65 ) $ 7,540,687 $ 7,593,078 ( 1 ) $ 1.45 $ 1.22 $ 1.41 $ $ 1.45 $ 1.22 $ 1.41 $

154 2012 ANNUAL REPORT 152 6,024,050 $ 60,240,500 $ 30,193,386 $ 13,315,593 $ - $ 9,179,448 $ 4,332,062 $ 2,484 $ 1,339,090 $ 314,500 $ 118,917, ,295,000 - ( 2,295,000 ) ( 3,614,430 ) ( 3,614,430 ) 120,481 1,204, ( 1,204,810 ) ,144,531 61,445,310 30,193,386 15,610,593-2,065,208 4,332,062 2,484 1,339, , ,302, ,962 2,409,620 ( 2,409,620 ) ,571, ,063 7,593, ( 7,136,010 ) ( 7,136,010 ) ( 300,000 ) ( 3,000,000 ) ( 12,241 ) - ( 3,012,241 ) , , , , ,102, ,102, ,829 - ( 409 ) 54, ( 1,115,997 ) ( 10,477 ) ( 1,126,474 ) ( 157,942 ) ( 157,942 ) 6,085,493 60,854,930 20,647,756 15,610, ,199 9,636,223 5,434,727 57, , , ,801, ,271,304 - ( 2,271,304 ) ( 1,825,648 ) ( 1,825,648 ) 6,085,493 60,854,930 20,647,756 17,881, ,199 5,539,271 5,434,727 57, , , ,975, ,532, ,818 7,540,687 ( 152,439 ) ( 1,524,390 ) ( 86,935 ) ( 188,795 ) - ( 1,800,120 ) , , , , ,880 7,108,800 10,663, ,772, , , ( 127,103 ) - ( 3,213 ) ( 130,316 ) , ,095 6,643,934 $ 66,439,340 $ 31,598,687 $ 17,881,897 $ 180,199 $ 13,072,140 $ 6,062,145 ( $ 69,790 ) $ 503,152 $ 173,166 $ 135,840,936 52,99758,846423,977470,769

155 $ 7,540,687 $ 7,593, ,032 ( 2,686,425 ) ( 304,410 ) ( 138,843 ) 79, ,698-1,641 ( 140,505 ) 46,213 1,170,907 1,192,799 ( 209,789 ) ( 50,172 ) 4,403,895 6,007,151 9, ,229 79, , , ,489 ( 330,844 ) 460, ,296 - ( 90,720 ) ( 87,661 ) ( 34,736,864 ) 7,337,306 1,563,869 ( 770,529 ) ( 68,166 ) 30,667 ( 4,987,423 ) ( 10,168,495 ) 3,489,716 6,513,334 ( 763,761 ) 751,739 ( 22,365,446 ) 17,087,213 ( 108,693,384 ) 78,198, ,000 1,449,034 72,015,889 ( 164,521,653 ) ( 18,517,860 ) ( 14,610,193 ) 18,097,604 10,730,650 ( 7,777,038 ) ( 2,873,817 ) 1,755,220 3,441,

156 2012 ANNUAL REPORT $ - $ ( 122,400 ) ( 34,309,361 ) ( 19,667,359 ) 12,475,234 12,526, ( 132,937 ) ( 639 ) ( 1,297,033 ) ( 1,911,789 ) 398, , ,411 7,147-38,870 ( 64,886,724 ) ( 96,988,919 ) 6,858,848 22,955,263 - ( 1,106,619 ) ( 12,332,409 ) ( 2,907,560 ) 64,748,957 68,873,725 20,000,000 14,610,000 ( 4,345,207 ) ( 1,100,970 ) ( 41,752 ) 41,064 ( 1,825,648 ) ( 3,614,430 ) 17,772, , ( 428,986 ) - ( 667 ) 90,938,159 97,320,820 - ( 44,385 ) 968,984 ( 1,156,788 ) 4,654,973 16,217,941 52,874,224 36,656,283 $ 57,529,197 $ 52,874,224 $ 22,411,601 $ 19,677,

157 $ 157,450 60,092 2,037, ,489 34,047 17,348 6,407 75,422 ( 152,412 ) ( 1,661 ) ( 24,909 ) ( 12,241 ) ( 3,000,000 ) ( $ 428,986 ) $ 1,113,976 $ 2,461,374 $ - $ 153,000 - ( 30,600 ) $ - $ 122,400 $ 1,800,120 $

158 2012 ANNUAL REPORT Financial Conditions and Operating Results

159 % ,444,085 52,772,714 4,671, ,147, ,231, ,915, ,844,619 17,160,870 37,683, ,867,261 19,351,808 ( 1,484,547 ) ( 8 ) - 1,860,974,490 1,938,497,764 ( 77,523,274 ) ( 4 ) 47,538,520 47,021, , ,458,863 8,712,829 5,746, ,793,584 3,202,912 ( 1,409,328 ) ( 44 ) - 68,796,752 47,951,934 20,844, ,919,481 35,386,491 1,532, ,735,249 3,831,442 ( 96,193 ) ( 3 ) - 3,891,180 4,509,079 ( 617,899 ) ( 14 ) 2,855,411,171 2,755,631,103 99,780, ,276, ,844,743 6,432, ,511,220 4,218,801 ( 707,581 ) ( 17 ) 31,160,227 43,492,636 ( 12,332,409 ) ( 28 ) 46,491,492 43,038,175 3,453, ,278,185,983 2,213,417,495 64,768, ,080,000 90,080,000 20,000, ,683,081 2,391, , ,607,118 12,952,325 ( 4,345,207 ) ( 34 ) 4,747,422 5,562,592 ( 815,170 ) ( 15 ) 2,719,743,401 2,642,998,510 76,744, ,439,340 60,854,930 5,584, ,459,045 20,508,114 10,950, , , ,485 36, ,881,897 15,610,593 2,271, , , ,072,140 9,636,223 3,435, ,062,145 5,434, , (69,790) 57,313 ( 127,103 ) ( 222 ) 503, , , ,667, ,632,593 23,035,

160 2012 ANNUAL REPORT % ,003,389 45,096,532 2,906,857 6 ( 22,703,974 ) ( 20,407,582 ) ( 2,296,392 ) 11 25,299,415 24,688, , ,697,557 8,874,282 ( 1,176,725 ) ( 13 ) 3,727,993 4,356,573 ( 628,580 ) ( 14 ) 3,368,240 ( 1,248,135 ) 4,616, , , , ,103 50,151 29, ( 1,966,766 ) 2,531,234 ( 4,498,000 ) ( 178 ) 140,505 23, , , ,886 36, ,285 39,731 29, ,176,274 2,238,406 ( 1,062,132 ) ( 47 ) 390, ,169 15, ,996,972 33,563,232 ( 566,260 ) ( 2 ) ( 4,392,239 ) ( 5,170,597 ) 778,358 ( 15 ) ( 19,691,895 ) ( 19,381,915 ) ( 309,980 ) 2 ( 13,449,310 ) ( 12,936,555 ) ( 512,755 ) 4 ( 1,170,244 ) ( 1,185,387 ) 15,143 ( 1 ) ( 5,072,341 ) ( 5,259,973 ) 187,632 ( 4 ) 8,912,838 9,010,720 ( 97,882 ) ( 1 ) ( 1,379,969 ) ( 1,439,705 ) 59,736 ( 4 ) 7,532,869 7,571,015 ( 38,146 ) ( 1 )

161 (%) ( ) 8.11 ( ) (%) ( ) (%) ( ) ( ) (100) 100 ( ) ( ) (1) (2) (3) () (1)+(2)+(3) 57,444,085 ( 27,946,697 ) ( 16,705,697 ) 12,791, ,946, ,361, ,474, , ,913 56,620 3, ,000 30,728 19,474 0 % 159

162 2012 ANNUAL REPORT 160

163

164 2012 ANNUAL REPORT ,100,883 6,051 96,247,684 1,539, ,212,149 3,889, ,903,600 67,665, ,388,357 23,258, ,411,737 21,826,886 5,964,636 1,701,949 96,219,659 3,994,408 2,888,448, ,883,

165 : 1) 2) ( ) 3), 4) 5) (ECAI)

166 2012 ANNUAL REPORT (1) (2) (3) (4) (5)=(1)+(3) (6)=(2)+(4) 121, , , , , , , , , , , , , , ,026 1.)( A (1) CDO 348,578 5, ,419 CBO CMO SIV : (1) (MBS):(RMBS) (CMBS) (CMO) (2) ABS:(CLO)(CBO) / (3) (ABCP) (4) (CDO) (5) :(REAT) (6) (SIV) (7) 2: 164

167 I. 3 HSBC COSMOS CDO NZD ( 3) HSBC- COSMOS 2007/ 03/01 12M 2013/ LIBOR 06/ BPS ( 2) 348,578-5, ,419 ( 3) 200, BAA3/ BBB- 15% (attachment point)(cdo)a ABBBBBB12%A12% 5() II. III. C B.

168 2012 ANNUAL REPORT () ,369, ,128, ,108,534 91,605,864 4,235,

169 DVO ,009 13, , ,

170 2012 ANNUAL REPORT ,716,369, ,469, ,804, ,017, ,219, ,472,031 1,351,385,902 2,762,980, ,207, ,101, ,393, ,658, ,170, ,449,030 ( 46,611,344 ) 135,262, ,703,442 ( 252,376,117 ) ( 175,439,061 ) ( 310,698,781 ) 412,936, ,364,114 7,449,880 2,625,164 1,271, ,799 4,152,835 16,656,710 13,110,856 1,507, , , ,052 ( 292,596 ) ( 5,660,976 ) 1,118, , ,666 3,502, BS Knock-out

171 (1) (2) 2. : (1) (2) 169

172 2012 ANNUAL REPORT 3. (1) (2) H1N1 170

173 171

174 2012 ANNUAL REPORT Special Items

175 % 90.02% F,Boulevard du Regent 45/46, 1000 Brussels, Belgium 2,062, , % 2,639, , % 146,

176 2012 ANNUAL REPORT 1,000, % 0 0% ( ) ,062,873 8,201,173 6,465,281 1,735, ,905 76,964 78, , , , ,301 1,436, ,542 84, ( ) ( ) ( ) ( )

177 ( )

178 2012 ANNUAL REPORT

179 1. 100% 2. (1) (2) (3) (4) () 6,643,934, % 0 14 () ( ) ( ) , (5)

180 2012 ANNUAL REPORT 179 Directory of Head Office & Branches

181 77 (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02)

182 2012 ANNUAL REPORT 58 (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02)

183 102 (02) (02) (02) (02) (02) (02) (02) (02) B1 (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02)

184 2012 ANNUAL REPORT 2226 (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (02) (03) (03) (03) (03) (03) (03) (02) (03) (03) (03) (03) (03) (03) (03) (03)

185 119 (03) (03) (03) (03) (03) (03) (03) (03) (03) (03) (03) (03) (03) (03) (03) (037) (037) (037) (037) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04)

186 2012 ANNUAL REPORT 328 (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (049) (049) (049) (049) (049) (049)

187 279 (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (04) (05) (05) (05) (05) (05) (05) (05) (05) (05) (05) (05) (06) (06) (06) (06) (06) (06) (06) (06)

188 2012 ANNUAL REPORT 147 (06) (06) (06) (06) (06) (06) (06) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07)

189 17711 (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (07) (08) (08) (08) (08) (08) (08) (08) (03) (03) (03) (03) (03) (03) (03) (089) (089) (06)

190 2012 ANNUAL REPORT 1 (United Taiwan Bank) 7 th Floor, Boulevard du Regent 45/46, 1000 Brussels, Belgium [email protected] 2 (Manila Offshore Banking Branch) 26 th Floor, Citibank Tower, 8741, Paseo de Roxas, Makati, Metro Manila, The Philippines [email protected] 3 Los Angeles Branch 601, South Figueroa St., Suite 3500, Los Angeles, CA USA [email protected] 4 Seattle Branch 1201, Third Ave., Suite 1200, Seattle, WA USA [email protected] 5 Hong Kong Branch th Floor, Dah Sing Financial Centre, 108, Gloucester Road, Wanchai, Hong Kong [email protected] 6 Suzhou Branch Room 1601, No.24 Building, Times Square, Hua Chi St., SIP, Suzhou , China [email protected] 7 Sydney Branch Suite 101, Level 1, 50 Carrington Street Sydney NSW 2000, Australia [email protected] 8 Phnom Penh Branch Teuk Thla Building, No.A111 Confederation de la Russie Blvd Corner Northbridge Street, Sangkat Teuk Thla, Khan Sen Sok, Phnom Penh, Cambodia [email protected] 9 Beijing Representative Office Room 1805, Office Tower 1, Henderson Centre, 18, Jianguomen Nei Avenue, Beijing, China [email protected] 188

191

192