Wing Lung Bank is turning three floors of its Mongkok Bank Centre into a shopping centre from which it expects to boost rental income from those floors by at least 50 per cent. But chairman Michael Wu Po-ko said the move did not mean the bank was changing its strategy. 'We just want to make good use of the premises; we are not a real estate developer.' Chung Che-shum, the bank's executive director and general manager, expected the renovations to be completed and the retail outlets leased out by the middle of next year. 'The rental income [from the three floors] is expected to be at least 50 per cent higher than before,' Mr Chung said. Mr Wu said the bank had no plans to redevelop or renovate other premises. 'We don't own too many premises. The key buildings are the headquarters in Central and the Mongkok Bank Centre.' Wing Lung hopes to raise its return on equity ratio to between 13 per cent and 14 per cent in the next three years, from about 11 per cent in the first half. 'I think return on equity of 13 to 14 per cent can be achievable if economic conditions remain good,' Mr Chung said. He said the bank had recorded 12 per cent loan growth from January to June and was enjoying good fee income growth, with non-interest income accounting for about 41 per cent of operating income. He said it might open more branches in the near future.