SANPAOLO BANK (SUISSE) SA

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Year	Equity	Capital	Reserves	Balance
2002	40,000	40,000	0	45,362
2003	20,000	20,000	0	80,915
2004	20,020	20,000	20	119,560
2005	20,020	20,000	20	85,004
2006	29,835	20,000	9,835	98,069