DBS 2QFY2013

Net Interest Income                                  = 1,382m
Net Fee & Comms Income                       = 477m
Other Non-Fee Income                             = 450m
Net Profit                                                  = $887m
DPS                                                           = 28 cents (1H)

NIM                                                           = 1.62
Non-Interest/Total Income                        = 40.1
Cost/Income Ratio                                     = 42.7
ROA                                                           = 0.94
ROE                                                           = 10.9
Loan/Deposit Ratio                                    = 89.8
NPL                                                            = 1.2
EPS (diluted)                                              = 1.44
Net Book Value                                          = 13.12
SP/Avg Loan                                              = 22
Tier 1 Capital Adequacy Ratio                   = 12.9
Total Capital Adequacy Ratio                    = 15.5

I am curious why the Net Book Value in 2QFY3013 is less than 1QFY2013 ($13.25)????Also, I see a limit to Loan/Deposit Ratio stretching now to almost 90%. Increase in net profit come basically from the more volatile Non-Interest Income segment.