Financial Information

	2021 US$(IFRS)	2020 US$(IFRS)
Interest income	74,110,411	69,337,337
Interest expense	(26,858,808)	(28,235,649)
NET INTEREST INCOME	47,251,603	41,101,688
Fees and commission income	1,924,673	3,468,821
Fees and commission expense	(1,072,245)	(1,077,175)
NET FEE AND COMMISSION INCOME	852,428	2,391,646
Impairment losses on financial assets	(2,334,727)	(458,452)
Other (losses)/gains – net	(80,251)	299,346
Other operating income	688,319	78,263
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 TAX	22,854,836	21,399,812
Income tax expense	(4,652,317)	(4,261,958)
NET PROFIT OF THE YEAR	18,202,519	17,137,854

ASSETS	2021 US$(IFRS)	2020 US$ (IFRS)
Cash and hand	35,428,236	36,272,455
Balance with the NBC	81,565,425	132,825,621
Balance with other banks and finance institutions	87,356,096	99,998,608
Loans to customers	742,346,672	721,322,069
Property and equipment	13,792,136	16,279,751
Intangible assets	6,658,228	8,028,928
Right-of-use assets	9,697,968	9,780,184
Deferred tax assets	–	237,010
Other assets	8,683,216	8,453,362
TOTAL ASSETS	985,527,977	1,033,197,988

EQUITY	2021 US$(IFRS)	2020 US$(IFRS)
Share capital	102,000,000	92,000,000
Regulatory reserves	14,852,049	11,683,167
Retained earnings	56,987,807	51,954,170
TOTAL EQUITY	173,839,856	155,637,337
TOTAL LIABILITIES AND EQUITY	985,527,977	1,033,197,988