Interim Financial Statements As of 30 June 2019

Balance Sheet
As of 30 June 2019-Unaudited

	30-Jun-19 US$ (Unaudited)	31-Dec-18 US$ (Audited)
ASSETS
Cash on hand	101,469,553	67,916,384
Balances with the Central Bank	216,219,514	168,970,016
Due from banking & financial institutions	6,448,970	7,792,978
Loans and advances to customers- net	1,114,610,135	1,007,139,509
Other assets	24,012,669	18,821,989
Deferred tax assets	4,903,785	4,903,785
Goodwill	17,380,030	17,380,030
Software	1,517,432	1,463,686
Property and equipment	12,103,662	10,238,649
Right of Use Assets	-	-
TOTAL ASSETS	1,498,665,751	1,304,627,026
LIABILITIE AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits from customers and other financial institutions	926,627,437	804,699,381
Subordinated debt	25,000,000	30,000,000
Borrowings	282,368,274	253,817,389
Current tax liabilities	4,480,752	5,705,331
Other liabilities	21,185,291	20,207,444
Employee pension liabilities	14,049,474	12,923,876
Lease liabilities	-	-
Total Liabilities	1,273,711,228	1,127,353,421
SHAREHOLDERS' EQUITY
Share capital	150,000,000	120,000,000
Regulatory reserve	-	-
Retained earnings	57,273,605	34,179,408
Profit for current year	17,680,919	23,094,198
Total Shareholders’ equity	224,954,523	177,273,605
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,498,665,751	1,304,627,026

Income Statement
For the period from 1 January 2019 to 30 June 2019-Unaudited

	01-Jan to 30 June 2019 US$ (Unaudited)	01-Jan to 31 December 2018 US$ (Audited)
Operating income
Interest income	75,118,247	130,966,956
Interest expense	(29,142,380)	(51,616,010)
Net interest income	45,975,866	79,350,947
Net fees and commissions	4,037,025	6,719,521
Other income	2,197,041	1,452,245
Total operating profit	52,209,932	87,522,713
Net FX Unrealized Gain/(Loss)	-	-
Allowance for bad and doubtful loans	(2,016,173)	(7,149,332)
Provision for Off Balance Sheet Expense	(216,210)	(398,649)
Provision for Cash in other Banks Expense	13,292	(78,433)
Other operating expenses	(27,410,981)	(51,662,897)
Profit before income tax	22,579,860	28,233,401
Income tax expense	(4,898,941)	(5,139,203)
Net profit for the period	17,680,919	23,094,198