GROUP | BANK | ||||||
For the year ended December 31, | 2017 USD ’000 |
2016 USD ’000 |
Change % |
2017 USD ’000 |
2016 USD ’000 |
Change % |
|
Gross income | 760,689 | 625,880 | 21.54 | 752,565 | 621,987 | 20.99 | |
Interest income | 677,403 | 543,002 | 24.75 | 670,797 | 539,153 | 24.42 | |
Less: Interest expenses | 419,803 | 321,779 | 30.46 | 416,738 | 319,964 | 30.25 | |
Net interest income | 257,600 | 221,223 | 16.44 | 254,059 | 219,189 | 15.91 | |
Fees and commission income | 68,430 | 54,959 | 24.51 | 66,206 | 54,378 | 21.75 | |
Less: Fees and commission expenses | 10,328 | 7,619 | 35.56 | 10,201 | 7,529 | 35.49 | |
Net fees and commission income | 58,102 | 47,340 | 22.73 | 56,005 | 46,849 | 19.54 | |
Net gains/(losses) from trading | 1,523 | (9,794) | 115.55 | 1,523 | (9,794) | 115.55 | |
Net gains/(losses) from financial instruments designated at fair value through profit or loss |
– | – | – | – | – | – | |
Net gains/(losses) from financial investments | 841 | 740 | 13.65 | 840 | 739 | 13.67 | |
Other income (net) | 12,491 | 36,973 | (66.22) | 13,199 | 37,512 | (64.81) | |
Total operating income | 330,557 | 296,482 | 11.49 | 325,626 | 294,495 | 10.57 | |
Less: Impairment charges for loans and other losses | 14,492 | 10,573 | 37.07 | 12,463 | 10,216 | 21.99 | |
Net operating income | 316,065 | 285,909 | 10.55 | 313,163 | 284,279 | 10.16 | |
Less: Expenses | |||||||
Personnel expenses | 73,818 | 72,875 | 1.29 | 73,359 | 72,082 | 1.77 | |
Depreciation and amortisation | 9,225 | 8,470 | 8.91 | 8,514 | 7,943 | 7.19 | |
Other operating expenses | 49,603 | 45,473 | 9.08 | 48,579 | 45,624 | 6.48 | |
Total operating expenses | 132,645 | 126,818 | 4.59 | 130,454 | 125,650 | 3.82 | |
Operating profit before Value Added Tax (VAT) and Nation Building Tax (NBT) |
183,419 | 159,091 | 15.29 | 182,711 | 158,630 | 15.18 | |
Less: Value Added Tax (VAT) on financial services and Nation Building Tax (NBT) |
31,879 | 24,814 | 28.47 | 31,778 | 24,730 | 28.50 | |
Operating profit after Value Added Tax (VAT) and Nation Building Tax (NBT) |
151,540 | 134,277 | 12.86 | 150,933 | 133,900 | 12.72 | |
Share of profits of associates, net of tax | 24 | 43 | (44.19) | – | – | – | |
Profit before tax | 151,564 | 134,320 | 12.84 | 150,933 | 133,900 | 12.72 | |
Less: Income tax expense | 43,319 | 37,717 | 14.85 | 42,980 | 36,986 | 16.21 | |
Profit for the year | 108,245 | 96,603 | 12.05 | 107,953 | 96,914 | 11.39 | |
Profit Attributable to: | |||||||
Equity holders of the Bank | 108,111 | 96,896 | 11.57 | 107,953 | 96,914 | 11.39 | |
Non-controlling interest | 134 | (293) | 145.73 | – | – | – | |
108,245 | 96,603 | 12.05 | 107,953 | 96,914 | 11.39 | ||
Basic earnings per ordinary share (USD) | 0.11 | 0.11 | – | 0.11 | 0.11 | – | |
Diluted earnings per ordinary share (USD) | 0.11 | 0.11 | – | 0.11 | 0.11 | – |
The US Dollar Income Statement and the US Dollar Statement of Financial Position are solely for the convenience of stakeholdersand do not form part of the Financial Statements.