Interim Financial Statements As of 30 September 2022

Balance Sheet
As of 30 September 2022-Unaudited

	30-Sep-22 US$ (Unaudited)	31-Dec-21 US$ (Audited)
ASSETS
Cash on hand	199,447,881	139,045,463
Balances with the Central Bank	300,351,001	257,065,592
Due from banking & financial institutions	61,070,818	31,056,827
Loans and advances to customers- net	1,994,160,350	1,904,380,994
Total Provision for Cash in other Banks	(610,709)	-
Other investment	-	93,750
Other assets	38,486,559	17,712,292
Deferred tax assets	6,326,653	5,246,773
Goodwill	17,380,030	17,380,030
Software	6,252,415	4,112,183
Property and equipment	23,691,178	22,181,814
Right of Use Assets	-	42,865,536
TOTAL ASSETS	2,646,556,176	2,441,141,254
LIABILITIE AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits from customers and other financial institutions	1,729,401,184	1,477,823,493
Subordinated debt	125,350,000	112,950,000
Borrowings	329,449,760	371,525,711
Current tax liabilities	3,173,752	11,082,466
Other liabilities	53,948,490	45,776,681
Employee pension liabilities	21,062,376	26,158,562
Total Provision for Off Balance Sheet	1,112,680	-
Lease liabilities	-	41,723,412
Total Liabilities	2,263,498,241	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	18,957,005	-
Total Shareholders’ equity	383,057,935	354,100,929
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	2,646,556,176	2,441,141,254

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

	01-Jan to 30 September 2022 US$ (Unaudited)	01-Jan to 31 December 2021 US$ (Audited)
Operating income
Interest income	182,336,327	233,265,539
Interest expense	(79,070,272)	(98,103,816)
Net interest income	103,266,055	135,161,723
Net fees and commissions	9,894,095	6,552,153
Other income	8,778,180	8,797,496
Total operating profit	121,938,329	150,511,372
Net FX Unrealized Gain/(Loss)	(681,997)	-
Allowance for bad and doubtful loans	(36,050,743)	(8,715,365)
Provision for Off Balance Sheet Expense	(176,209)	-
Provision for Cash in other Banks Expense	(299,068)	-
Other operating expenses	(60,810,474)	(72,869,833)
Profit before income tax	23,919,838	68,926,174
Income tax expense	(4,962,833)	(14,373,813)
Net profit for the period	18,957,005	54,552,361