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Financial Information

CONSOLIDATED INCOME STATEMENT AS OF 31-DEC-2021

2021 US$(IFRS)2020 US$(IFRS)
Interest income74,110,41169,337,337
Interest expense(26,858,808)(28,235,649)
NET INTEREST INCOME47,251,60341,101,688
Fees and commission income1,924,6733,468,821
Fees and commission expense(1,072,245)(1,077,175)
NET FEE AND COMMISSION INCOME852,4282,391,646
Impairment losses on financial assets(2,334,727)(458,452)
Other (losses)/gains – net(80,251)299,346
Other operating income688,31978,263
NET OTHER OPERATING LOSS(1,726,659)(80,843)
Personnel expenses(8,176,152)(7,758,532)
Depreciation and amortization(7,761,253)(6,894,117)
Other operating expenses(7,585,131)(7,360,030)
PROFIT BEFORE INCOME TAX22,854,83621,399,812
Income tax expense(4,652,317)(4,261,958)
NET PROFIT OF THE YEAR18,202,51917,137,854

CONSOLIDATED INCOME STATEMENT AS OF 31-DEC-2021

ASSETS2021 US$(IFRS)2020 US$ (IFRS)
Cash and hand35,428,23636,272,455
Balance with the NBC81,565,425132,825,621
Balance with other banks and finance institutions87,356,09699,998,608
Loans to customers742,346,672721,322,069
Property and equipment13,792,13616,279,751
Intangible assets6,658,2288,028,928
Right-of-use assets9,697,9689,780,184
Deferred tax assets237,010
Other assets8,683,2168,453,362
TOTAL ASSETS985,527,9771,033,197,988

LIABILITIES AND EQUITY

LIABILITIES2021 US$(IFRS)2020 US$(IFRS)
Deposits from customers646,376,177718,342,962
Deposits by other banks97,992,03888,565,577
Other liabilities67,319,90670,652,112
TOTAL LIABILITIES811,688,121877,560,651
EQUITY2021 US$(IFRS)2020 US$(IFRS)
Share capital102,000,00092,000,000
Regulatory reserves14,852,04911,683,167
Retained earnings56,987,80751,954,170
TOTAL EQUITY173,839,856155,637,337
TOTAL LIABILITIES AND EQUITY985,527,9771,033,197,988
PROFIT AFTER TAX(USD 000)
GROSS INCOME(USD 000)
TOTAL ASSET (USD 000)
SHAREHOLDER’S EQUITY (USD 000)
LOAN OUTSTANDING (USD 000)
TOTAL DEPOSITS (USD 000)
PIPELINE OF TOTAL ASSETS AS OF DECEMBER-2021| US$ 986 MILLION (C-IFRS)
TOTAL LIABILITIES AND EQUITY DEC-2021 (SHAREHOLDERS EQUITY US$ 174 MILLION / PAID UP CAPITAL US$ 102 MILLION) (C-IFRS)