CONSOLIDATED INCOME STATEMENT AS OF 31-DEC-2022
| 2022 US$(IFRS) | 2021 US$(IFRS) | |
|---|---|---|
| Interest income | 75,758,255 | 74,110,411 |
| Interest expense | (25,170,036) | (26,858,808) |
| NET INTEREST INCOME | 50,588,219 | 47,251,603 |
| Fees and commission income | 2,194,840 | 1,924,673 |
| Fees and commission expense | (911,029) | (1,072,245) |
| NET FEE AND COMMISSION INCOME | 1,283,811 | 852,428 |
| Impairment losses on financial assets | (1,577,271) | (2,334,727) |
| Other (losses)/gains – net | (150,353) | 80,251 |
| Other operating income | 402,679 | 688,319 |
| NET OTHER OPERATING LOSS | (1,324,945) | (1,726,659) |
| Personnel expenses | (7,797,024) | (8,176,152) |
| Depreciation and amortization | (6,773,412) | (7,761,253) |
| Other operating expenses | (6,781,263) | (7,585,131) |
| PROFIT BEFORE INCOME TAX | 29,195,386 | 22,854,836 |
| Income tax expense | (5,885,012) | (4,652,317) |
| NET PROFIT OF THE YEAR | 23,310,374 | 18,202,519 |
CONSOLIDATED BALANCE SHEET AS OF 31-DEC-2022
| ASSETS | 2022 US$(IFRS) | 2021 US$ (IFRS) |
|---|---|---|
| Cash and hand | 29,268,408 | 35,428,236 |
| Balance with the NBC | 83,264,682 | 81,565,425 |
| Balance with other banks and finance institutions | 62,108,803 | 87,356,096 |
| Loans to customers | 773,248,063 | 742,346,672 |
| Property and equipment | 12,778,872 | 13,792,136 |
| Intangible assets | 5,097,152 | 6,658,228 |
| Right-of-use assets | 9,889,518 | 9,697,968 |
| Deferred tax assets | – | – |
| Other assets | 6,498,882 | 8,683,216 |
| TOTAL ASSETS | 982,154,380 | 985,527,977 |
LIABILITIES AND EQUITY
| LIABILITIES | 2022 US$(IFRS) | 2021 US$(IFRS) |
|---|---|---|
| Deposits from customers | 549,350,759 | 646,376,177 |
| Deposits from other banks | 173,064,254 | 97,992,038 |
| Other liabilities | 64,089,137 | 67,319,906 |
| TOTAL LIABILITIES | 786,504,150 | 811,688,121 |
| EQUITY | 2022 US$(IFRS) | 2021 US$(IFRS) |
|---|---|---|
| Share capital | 114,000,000 | 102,000,000 |
| Regulatory reserves | 36,047,781 | 14,852,049 |
| Retained earnings | 45,602,449 | 56,987,807 |
| TOTAL EQUITY | 195,650,230 | 173,839,856 |
| TOTAL LIABILITIES AND EQUITY | 982,154,380 | 985,527,977 |