Karvalits said FHB's board had approved on Tuesday a strategy for 2006-2010 which would broaden the bank's commercial banking, real estate, mortgage and capital markets activities. Under the strategy, the bank will be transformed into a banking conglomerate, which will include a commercial bank. Because FHB's planned developments will require investments, the bank will not be able to sustain its rapid profit growth in 2006-2008, but return on equity (ROE) will remain above 20p, Karvalits said. He added that the investments would not require changes to FHB's dividend policy. Karvalits said FBH's marketcapitalization would increase 250% in the next five years as it acquires capital.