The perfomance is a mixed bag. Positives: Strongest Quarter in 2012, loan book growth (+5.8% q/q), double digit growth in deposits Negatives: NIM squeeze due to the high cost of funds, new land laws making loan recovery a long prcss & costly (+90 days b4 prcss starts). Overall morgage & property still growth arena. For FY 2012 a profit dip is inenvitable. I expect the mbus to grind to a hault until next year & onwards.