Interim Financial Statements As of 31 December 2021

Balance Sheet
As of 31 December 2021-Unaudited

	31-Dec-21 US$ (Unaudited)	CIFRS 31-Dec-20 US$ (Audited)
ASSETS
Cash on hand	139,045,463	112,449,694
Balances with the Central Bank	258,612,346	347,765,470
Due from banking & financial institutions	30,852,349	14,507,186
Loans and advances to customers- net	1,886,650,942	1,551,574,179
Other assets	30,862,103	20,517,283
Deferred tax assets	6,274,176	6,202,335
Goodwill	17,380,030	17,380,030
Software	3,781,052	3,009,642
Property and equipment	22,512,945	17,357,825
Right of Use Assets	-	16,631,777
TOTAL ASSETS	2,395,971,406	2,107,395,421
LIABILITIE AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits from customers and other financial institutions	1,477,823,492	1,282,172,981
Subordinated debt	112,950,000	63,750,000
Borrowings	371,525,711	375,502,609
Current tax liabilities	12,389,354	10,222,127
Other liabilities	47,938,828	37,103,838
Employee pension liabilities	20,234,139	23,701,504
Lease liabilities	-	15,393,794
Total Liabilities	2,042,861,524	1,807,846,853
SHAREHOLDERS' EQUITY
Share capital	193,000,000	193,000,000
Regulatory reserve	11,936,141	11,936,141
Retained earnings	94,612,428	94,612,427
Profit for current year	53,561,312	-
Total Shareholders’ equity	353,109,881	299,548,568
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	2,395,971,406	2,107,395,421

Income Statement
For the period from 1 January 2021 to 31 December 2021-Unaudited

	01-Jan to 31 December 2021 US$ (Unaudited)	CIFRS 01-Jan to 31 December 2020 US$ (Audited)
Operating income
Interest income	223,528,856	203,086,588
Interest expense	(91,576,436)	(81,406,370)
Net interest income	131,952,420	121,680,218
Net fees and commissions	12,646,090	4,722,029
Other income	10,909,404	6,895,186
Total operating profit	155,507,914	133,297,433
Net FX Unrealized Gain/(Loss)	(363,389)	-
Allowance for bad and doubtful loans	(13,102,991)	(15,571,732)
Provision for Off Balance Sheet Expense	(44,912)	-
Provision for Cash in other Banks Expense	(166,492)	-
Other operating expenses	(74,499,094)	(63,814,487)
Profit before income tax	67,331,037	53,911,214
Income tax expense	(13,769,724)	(12,363,045)
Net profit for the period	53,561,312	41,548,169