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Consolidated Income Statement as at 31-Dec-2017

 2017 US$ 2016 US$
Net Profit for the year 11,568,242 2,454,711
Interest income 37,565,674 28,561,359 
Interest expense (17,311,957) (14,630,417)
Net interest income 20,253,717 13,930,942
Fees and commission income 6,327,053 4,146,494
Fees and commission expense (224,542) (325,105)
Net fee and commission income 6,102,511 3,821,389
Other income 385,993 306,790
Total net operating income 26,742,221 18,059,121
General and administrative expenses (10,511,872) (13,155,044)
Allowance for bad and doubtful Loans and advances (1,777,620) (1,345,249)
Profit before income tax 14,452,729 3,558,828
Income tax expense (2,884,487) (1,104,117)

Consolidate Balance Sheet as at 31-Dec-2017

Assets

2017 US$ 2016 US$
Total Assets 631,590,717 480,485,198
Cash and hand 19,792,980 10,208,335
Balance with the NBC 77,981,794 58,735,910
Balance with other banks and finance institutions 97,968,003 82,703,272
Loans to customers 412,657,461 308,492,754
Other assets 5,362,102 4,789,271
Property and equipment 14,714,941 13,892,252
Intangible assets 2,327,103 1,066,079
Deferred tax assets 786,333 597,325

Liabilities and Equity Liabilities

Liabilitiess

Liabilities 2017 US$ 2016 US$
Total Liabilities 526,257,063 402,719,786
Deposits from customers 432,379,372 317,507,103
Deposits by other banks 79,499,501 74,933,739
Income tax payable 2,700,823 934,941
Other liabilities 11,677,367 9,344,003

Equity

Equity 2017 US$ 2016 US$
Total Liabilities and Equity 631,590,717 480,485,198
Paid up capital 80,000,000 59,000,000
Other reserves - 5,000,000
Retained earnings 25,333,654 13,765,412
Total Equity 105,333,654 77,765,412

Simplified Financial Result

  • PROFIT AFTER TAX ('USD 000)

    Note:
    *Excluding USD 2.5 millions in remuneration expense.
    **Excluding USD 4.4 millions in extraordinary item expense.

  • GROSS INCOME ('USD 000)

  • TOTAL ASSET ('USD 000)

  • SHAREHOLDER'S EQUITY ('USD 000)

  • LOANS OUTSTANDING ('USD 000)

  • TOTAL DEPOSITS ('USD 000)

  • PIPELINE OF TOTAL ASSETS AS OF DECEMBER-2017| US$ 632 MILLION

  • TOTAL LIABILITIES AND EQUITY DEC-2017 SHAREHOLDERS'S EQUITY US$ 105 MILLION(PAID UP CAPITAL US$ 80 MILLION)

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