Interim Financial Statements As of 31 March 2021

Balance Sheet
As of 31 March 2021-Unaudited

	31-Mar-21 US$ (Unaudited)	31-Dec-20 US$ (Audited)
ASSETS
Cash on hand	131,963,634	112,449,694
Balances with the Central Bank	243,821,118	347,765,470
Due from banking & financial institutions	9,025,671	14,507,186
Loans and advances to customers- net	1,648,252,044	1,551,574,179
Other assets	29,766,043	20,517,283
Deferred tax assets	5,318,760	6,202,335
Goodwill	17,380,030	17,380,030
Software	2,782,915	3,009,642
Property and equipment	21,654,844	17,357,825
Right of Use Assets	-	16,631,777
TOTAL ASSETS	2,109,965,058	2,107,395,421
LIABILITIE AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits from customers and other financial institutions	1,317,804,010	1,282,172,981
Subordinated debt	70,750,000	63,750,000
Borrowings	350,180,531	375,502,609
Current tax liabilities	2,511,460	10,222,127
Other liabilities	38,963,627	37,103,838
Employee pension liabilities	18,922,890	23,701,504
Lease liabilities	-	15,393,794
Total Liabilities	1,799,132,518	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	11,283,971	-
Total Shareholders’ equity	310,832,540	299,548,568
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	2,109,965,058	2,107,395,421

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

	01-Jan to 31 March 2021 US$ (Unaudited)	01-Jan to 31 December 2020 US$ (Audited)
Operating income
Interest income	52,537,919	203,086,588
Interest expense	(21,756,630)	(81,406,370)
Net interest income	30,781,290	121,680,218
Net fees and commissions	4,013,875	4,722,029
Other income	2,664,641	6,895,186
Total operating profit	37,459,806	133,297,433
Net FX Unrealized Gain/(Loss)	(162,969)	-
Allowance for bad and doubtful loans	(4,453,178)	(15,571,732)
Provision for Off Balance Sheet Expense	38,153	-
Provision for Cash in other Banks Expense	53,979	-
Other operating expenses	(18,752,760)	(63,814,487)
Profit before income tax	14,183,032	53,911,214
Income tax expense	(2,899,061)	(12,363,045)
Net profit for the period	11,283,971	41,548,169