08:57     INTL BK OF ASIA<00636> - Results Announcement (1)                   

    International Bank of Asia Limited announced on 01/03/2005:               
    (stock code: 00636 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Income Interest                    : 971,783            947,786           
    Profit/(Loss) from Operations      : 338,349            149,717           
    Finance cost                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 300,388            138,138           
    % Change over Last Period          : +117.46   %                          
    EPS/(LPS)-Basic (in dollars)       : 0.26               0.12              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 300,388            138,138           
    Final Dividend                     : 11.00 cents        NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 11/04/2005         to 14/04/2005 bdi.
    Payable Date                       : 04/05/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.  The earnings per share is calculated based on the profit attributable 
    to shareholders of HK$300,388,000 (2003: HK$138,138,000) and on the number
    of shares of 1,172,160,000 (2003: 1,172,160,000) shares in issue during   
    the year. There were no convertible loan capital, options, or warrants    
    outstanding which would cause a dilution effect on the earnings per share.
                                                                              
    2.        Extracts from Audited Consolidated Balance Sheet                
                                                                              
                                            As at           As at             
                                            31 / 12 / 2004  31 / 12 / 2003    
    ASSETS                                  HK$'000         HK$'000           
                                                                              
                                                                              
    Cash on hand                            85,540          82,367            
    Short term funds                        13,489,259      7,101,061         
    Placements with banks maturing                                            
      between one and twelve months         5,813,775       1,525,929         
    Trade bills less reserves and                                             
      certificates of deposit               523,071         392,037           
    Advances to customers less reserves     18,002,299      15,566,432        
    Accrued interest and other accounts     882,883         1,266,361         
    Investments in securities               5,752,596       10,721,335        
    Investment in an associated company     6,648           8,947             
    Fixed assets                            1,204,710       1,224,339         
                                            -----------     -----------       
                                            45,760,781      37,888,808        
                                                                              
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