Balance Sheet

(Un-audited)

At The End Of 31 September 2017

          US$1,000
Assets Items Current FY Prior FY Liabilities Items Current FY Prior FY
Cash and due from Central Bank 25,474 13,531 Due to Central Bank - -
      Due to other banks and credit institutions - -
Due from Commercial Banks 43,379 19,170 Loans at calls - -
      Call deposits - -
Due from Other Deposit Taking Institutions - - Others - -
           
Investment securities - - Securities sold under rephurcase - -
      agreements    
Loans and Advances to Customers 77,644 87,176 Due to other depositors 108,579 84,115
Provision for Loans and Loses     (1,573) (287) Demand deposits 27,392 26,354
      Time deposits 24,060 2,440
Fixed Assets 9,263 5,133 Others 57,124 55,321
Accumulated for depreciation (4,474) (3,281)      
      Other Liabilities 4,392 3,711
Other Assets 2,726 4,238 Capital 39,471 37,854
      Capital paid up and assigned 25,020 25,020
      Share premium - -
      Reserves 3,174 3,108
      Retained earnings/(Accumulated deficit) 11,277 9,726
           
Total Assets 152,439 125,680 Total Liabilities & Capital 152,439 125,680

Income Statement

(Un-audited)

Period of : 01 January 2017 - 31 September 2017

    US$1,000
  Current FY Prior FY
Interest and Similar Income 8,780 9,570
Interest Expenses 471 201
     
Net Interest Income 8,309 9,368
     
Other Operating Income 1,044 1,229
     
Gross Operating Income/(Loss) 9,353 10,598
     
Specific Loss Provisions and Write-Offs 1,258 744
a. Specific Loss Provision Expenses (NET) 1,258 744
aa. Specific Loss Provision on Loans to Customers 1,258 744
ab. Specific Loss Provision on Other Assets - -
b. Bad Loans Written Off (not previously provided for) - -
     
Operating Income/(Loss) Net of Specific Loss Provisions 8,095 9,854
Operating Expenses 5,616 4,563
a. Salaries and Employee Benefits 2,457 1,864
b. Administrative Expenses 926 894
c. Auditing and Consulting Expenses 231 219
d. Rents Paid 156 128
e. Depreciatiation and Amortization 983 668
f. Other 863 790
     
Other Provisions and Write-Offs - -
a. Investment - -
b. Other Balance Sheet Items - -
c. Off-Balance Sheet Items - -
     
Net Operating Income/(Loss) 2,479 5,291
     
Extraordinary Gains/(Losses) - -
a. Gains/(Losses) on Revaluation of Assets (NET) - -
b. Adjustment for prior period (NET) - -
c. Other Gains/(Losses) - -
     
Net Income/(Loss) Before Tax 2,479 5,291
     
Income Tax 136 305
Net Income/(Loss) After Tax 2,343 4,986
Transfer to General Provisions - -
Dividends Declared   -
Retained Earnings for the Year - -
Retained Earnings at the Beginning of the Year - -
Retained Earnings at the End of the Year   -

Memorandum Items

  • Acceptances Guarantees, Letters of Credit and Other Confirmed Paper
  • Commitments
  • Nominal Value of Trading Portfolio
  • Nominal Value of Investment Portfolio
  • Market Value of Investment Portfolio

Approved By

Antonio F. Abrantes
Vice Chairman
Fausto Bernardo
Executive Director