Financial Information
All about Financial report
Consolidated Income Statement as at 31-Dec-2016
|
2016 $ |
2015 $ |
| Net Profit for the year |
2,454,711 |
3,394,801 |
| Interest income |
28,561,359 |
22,918,887 |
| Interest expense |
(14,630,417) |
(11,221,279) |
| Fees and commission income |
4,146,494 |
3,639,418 |
| Fees and commission expense |
(325,105) |
(57,952) |
| Other income |
306,790 |
88,609 |
| General and administrative expenses |
(13,155,044) |
(10,368,109) |
| Allowance for bad and doubtful Loans and advances |
(1,345,249) |
(584,085) |
| Income tax expense |
(1,104,117) |
(1,020,688) |
Consolidate Balance Sheet as at 31-Dec-2016
Assets
|
2016 $ |
2015 $ |
| Cash and bank balances |
29,524,517 |
62,487,036 |
| Deposits and placements with banks and other financial institutions |
76,915,000 |
68,138,750 |
| Loans and advances-net |
308,792,754 |
226,122,681 |
| Other assets |
4,196,834 |
3,946,291 |
| Statutory deposits |
45,208,000 |
38,406,000 |
| Instangible assets |
1,066,079 |
413,692 |
Liabilities and Equity Liabilities
| Liabilities |
2016 $ |
2015 $ |
| Deposits from customers |
317,507,103 |
276,040,143 |
| Deposits by other banks |
74,933,739 |
75,319,324 |
| income tax payable |
934,941 |
779,236 |
| Other liabilities |
9,344,003 |
6,728,115 |
Equity
| Equity |
2016 $ |
2015 $ |
| Total Liabilities and Equity |
480,485,198 |
414,097,400 |
| Paid-up capital |
59,000,000 |
39,000,000 |
| Other reserves |
5,000,000 |
|
| Retained earnings |
13,765,412 |
16,230,582 |
