Quarterly Financial Statements

Unconsolidated Income Statement (Unaudited)

	1st Quarter 2013 US$
Interest income	52,564,005
Interest expense	(11,458,253)
Net interest income	41,105,753
Provision for loan losses	(1,629,099)
Net interest income after provision for loan losses	39,476,654
Fee and commission income	6,436,988
Fee and commission expense	(116,320)
Net fee and commission income	6,320,668
Other incomes	831,493
Personnel expenses	(15,568,468)
Administrative and operating expenses	(5,703,781)
Depreciation	(1,320,488)
Amortisation	(453,766)
	(22,215,010)
Profit before income tax	23,582,312
Income tax expenses	(4,716,462)
Net profit for the period	18,865,849

	1st Quarter 2013 US$
ASSETS
Cash on hand	128,671,180
Balances with the Central Bank	419,068,586
Balances with other banks	120,001,961
Loans and advances to customers	1,346,632,545
Other assets	21,766,542
Investment in subsidiaries	21,934,749
Property and equipment	27,135,173
Intangible assets	9,867,361
Deferred tax assets	8,010,391
Other investments	153,529
Total assets	2,103,242,017
LIABILITIES
Due to other banks	112,960,901
Deposits from customers	1,443,258,171
Other liabilities (*)	62,125,250
Borrowings	68,293,674
Subordinated debts	115,207,469
Provision for income tax	4,325,740
Employee benefits	25,781,753
Total liabilities	1,831,952,958
EQUITIES
Share capital	113,169,560
General reserves	75,604,215
Retained earnings	82,515,284
Total equities	271,289,059
Total liabilities and equities	2,103,242,017

Note:

(*) Other Liabilities included General Provision for Loan.
The audited yearly financial statements are also available at audited financial statements page and you may find more detailed reports in our Annual Reports.

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