2008
(N‘000)

2009
(N‘000)

2010
(N‘000)

2011
(N‘000)

2012
(N‘000)

Financial  income: 

Interest  loans

30,263

40,406

49,931

63,548

80,432

Commission & fees including
 penalties         (9)

4,255

4,450

5, 358

5,671

8,624

Other  earned  income  (10)

2,553

3,115

4,019

4,537

7,417

Income  from investment (11)

1,537

2,754

4,255

5,468

7,381

Total  financial  income

38,608

50,725

63,563

79,224

103,854                                                                     

Financial costs: 

Interest & fees on borrowed
Funds                              (12)

----------

1,800

3,000

3,600

5,400

Interest paid on deposits

8,195

8,982

9,956

11,665

16,238                                                                                                         16, 238

Total  financial costs

8,656

11,382

13,748

16,318

23,059                                                                                                       2   23,059

Gross profit margin

29,952

39,343

49,815

62,906

80.795

Provision for loan losses 

4,516

203

152

133

122

Net  financial margin

25,436

39,140

49,663

62,773

80,673

Operating costs:        

Depreciation

2,375

5,157

4,560

7,412

6,134

Salaries  And Benefits

12,824

18,130

20,850

20,850

25,020

Other operating expenses         (14)

 3,040

4,330

5,275

5,779

6,944

Miscellaneous expenses            (15)

1,216

1,732

2,110

2,317

2,780

Preliminary &pre-operational     expenses written off

   700

1,325

1,325

1,325

1,325

Total operating costs

20,155

30,674

34,120

37,683

42,203

Net profit from operations    

5,2871

8,466

15,543

25,090

38,470

Income tax 30% 

----------

----------

4,663

7,527

11,541

Education tax 5%   

---------

----------

    777

1,255

1,924

Net profit from operations after tax

5,281

8,466

10,103

16,308

25,005

Appropriation

Transfer  to statutory reserve

2,641

4,  233

5,  052

8, 154

12,  503

Proposed Dividend

---------

----------

3,  031

4,892

7, 502

Retained  earnings b/f

---------

2,641

6,874

8, 894

12,  156

Retained earnings  c/f

2,641

6,  874

8, 894

12, 156

17, 156