Interim Financial Statements As of 30 June 2022

Balance Sheet
As of 30 June 2022-Unaudited

	30-Jun-22 US$ (Unaudited)		31-Dec-21 US$ (Audited)
	ASSETS
	Cash on hand	187,126,050		139,045,463
Balances with the Central Bank	365,076,087		257,065,592
Due from banking & financial institutions	50,471,391		31,056,827
Loans and advances to customers- net	1,974,404,518		1,904,380,994
Total Provision for Cash in other Banks	(504,715)		-
Other investment	-		93,750
Other assets	32,764,727		17,712,292
Deferred tax assets	6,326,653		5,246,773
Goodwill	17,380,030		17,380,030
Software	5,424,965		4,112,183
Property and equipment	24,041,269		22,181,814
Right of Use Assets	-		42,865,536
TOTAL ASSETS	2,662,510,976		2,441,141,254
LIABILITIE AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits from customers and other financial institutions	1,729,767,219		1,477,823,493
Subordinated debt	130,150,000		112,950,000
Borrowings	355,696,069		371,525,711
Current tax liabilities	2,215,702		11,082,466
Other liabilities	46,103,309		45,776,681
Employee pension liabilities	20,619,749		26,158,562
Total Provision for Off Balance Sheet	1,736,996		-
Lease liabilities	-		41,723,412
Total Liabilities	2,286,289,044		2,087,040,325
SHAREHOLDERS' EQUITY
Share capital	250,000,000		193,000,000
Regulatory reserve	23,808,366		23,808,366
Retained earnings	90,292,564		137,292,563
Profit for current year	12,121,001		-
Total Shareholders’ equity	376,221,932		354,100,929
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	2,662,510,976		2,441,141,254

Income Statement
For the period from 1 January 2022 to 30 June 2022-Unaudited

	01-Jan to 30 June 2022 US$ (Unaudited)		01-Jan to 31 December 2021 US$ (Audited)
	Operating income
	Interest income	121,748,609		233,265,539
	Interest expense	(51,229,172)		(98,103,816)
Net interest income	70,519,437		135,161,723
Net fees and commissions	6,696,514		6,552,153
Other income	5,962,678		8,797,496
Total operating profit	83,178,628		150,511,372
Net FX Unrealized Gain/(Loss)	(113,588)		-
Allowance for bad and doubtful loans	(27,428,611)		(8,715,365)
Provision for Off Balance Sheet Expense	(800,525)		-
Provision for Cash in other Banks Expense	(193,074)		-
Other operating expenses	(39,223,002)		(72,869,833)
Profit before income tax	15,419,829		68,926,174
Income tax expense	(3,298,827)		(14,373,813)
Net profit for the period	12,121,001		54,552,361