Interim Financial Statements As of 31 March 2020

Balance Sheet
As of 31 March 2020-Unaudited

	31-Mar-20 US$ (Unaudited)	31-Dec-19 US$ (Audited)
ASSETS
Cash on hand	92,278,315	85,296,900
Balances with the Central Bank	204,538,025	213,118,865
Due from banking & financial institutions	6,946,367	15,818,539
Loans and advances to customers- net	1,374,084,379	1,293,005,023
Other assets	28,774,244	13,022,688
Deferred tax assets	6,070,491	6,467,838
Goodwill	17,380,030	17,380,030
Software	1,834,022	2,369,838
Property and equipment	15,121,898	14,787,841
Right of Use Assets	-	13,315,124
TOTAL ASSETS	1,747,027,772	1,674,582,686
LIABILITIE AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits from customers and other financial institutions	1,003,928,451	947,411,222
Subordinated debt	44,000,000	44,000,000
Borrowings	393,232,273	365,971,306
Current tax liabilities	3,117,311	8,896,377
Other liabilities	27,265,529	27,736,213
Employee pension liabilities	16,157,449	20,596,063
Lease liabilities	-	11,971,106
Total Liabilities	1,487,701,014	1,426,582,287
SHAREHOLDERS' EQUITY
Share capital	150,000,000	150,000,000
Regulatory reserve	12,570,464	12,570,464
Retained earnings	85,429,936	85,429,935
Profit for current year	11,326,358	-
Total Shareholders’ equity	259,326,758	248,000,399
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,747,027,772	1,674,582,686

Income Statement
For the period from 1 January 2020 to 31 March 2020-Unaudited

	01-Jan to 31 March 2020 US$ (Unaudited)	01-Jan to 31 December 2019 US$ (Audited)
Operating income
Interest income	45,694,351	166,965,257
Interest expense	(17,694,836)	(66,008,944)
Net interest income	27,999,515	100,956,313
Net fees and commissions	2,820,654	2,839,932
Other income	1,933,280	4,019,426
Total operating profit	32,753,449	107,815,671
Net FX Unrealized Gain/(Loss)	(487,288)	-
Allowance for bad and doubtful loans	(2,404,327)	(5,372,451)
Provision for Off Balance Sheet Expense	(23,095)	-
Provision for Cash in other Banks Expense	88,082	-
Other operating expenses	(15,354,236)	(56,610,901)
Profit before income tax	14,572,585	45,832,319
Income tax expense	(3,246,227)	(8,678,488)
Net profit for the period	11,326,358	37,153,831