Report of Condition of the Bank Published
Pursuant to Section 32(3) of the Banking and
Financial Institutions Act, 2006
BALANCE SHEET AS AT 30TH SEPTEMBER, 2016
(Amounts in million shillings)
INCOME STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER, 2016
(Amounts in million shillings)
Current Quarter
30.09.16
Previous Quarter
30.06.16
229,668
507,827
609,063
126,923
2,019
-
239,231
473,757
740,573
175,389
3,418
-
12
13
14
15
16
ASSETS
Cash
Balances with Bank of Tanzania
Investments in Government securities
Balances with other banks and financial institutions
Cheques and items for clearing
Inter branch float items
Bills negotiated
Customers' liabitities for acceptances
Interbank loans receivables
Investments in other securities
Loans, advances and overdrafts
(net of allowances for probable losses)
Other assets
Equity investments
Underwriting accounts
Property, Plant and equipment
TOTAL ASSETS
2,856,434
145,272
41,378
201,317
4,719,901
2,709,548
152,800
41,378
186,994
4,723,088
B.
17
18
19
20
21
22
23
24
25
26
27
28
29
30
LIABILITIES
Deposits from other banks and financial institutions
Customer deposits
Cash letters of credit
Special Deposits
Payment orders/transfers payable
Bankers' cheques and drafts issued
Accrued taxes and expenses payable
Acceptances outstanding
Inter branch float items
Unearned income and other deferred charges
Other liabilities
Borrowings
TOTAL LIABILITIES
NET ASSETS /(LIABILITIES)
1,689
3,434,344
978
17,400
3,692
62,031
3,879
25,379
25,749
408,957
3,984,098
735,803
2,540
3,519,361
1,491
21,509
3,343
47,096
7,042
24,139
28,085
370,740
4,025,346
697,742
C.
31
32
33
34
35
36
37
SHAREHOLDERS' FUNDS
Paid up share capital
Capital reserves
Retained earnings
Profit(Loss) account
Others capital accounts
Minority interest
TOTAL SHAREHOLDERS' FUNDS
38
39
40
41
Contingent liabilities
Non performing loans & advances
Allowances for probable losses
Other non performing assets
D
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
SELECTED FINANCIAL CONDITION INDICATORS
Shareholders Funds to total assets
Non performing loans to total gross loans
Gross loans and advances to total deposits
Loans and advances to total assets
Earnings assets to total Assets
Deposits growth
Assets growth
A.
1
2
3
4
5
6
7
8
9
10
11
II:
III:
IV:
Interest income
Interest expense
Net interest income (1minus2)
Bad debts written off
Impairment Losses on Loans and Advances
Non interest income:
6.1 Foreign currency dealings and translation gain/
8
9
10
(loss)
6.2 Fee and commisions
6.3 Dividend income
6.4 Others operating income
Non interest expense:
7.1 Salaries and benefits
7.2 Fees and commissions
7.3 Other operating expenses
Operating income/(loss)
Income tax provision
Net income(loss)after income tax
11
12
13
14
Number of employees
Basic earnings per share
Diluted earnings per share
Number of branches
(i)
(ii)
(iii)
(iv)
SELECTED PERFORMANCE INDICATORS
Return on average total assets
Return on average shareholders funds
Non interest expense to gross income
Net interest income to average earning assets
7
Comparative
Quarter
30.09.2015
108,793
(17,359)
91,434
(932)
42,153
8,120
Current Year
Cumulative
30.09.2016
408,960
(72,902)
336,058
(20,073)
122,707
11,744
Comparative
Year Cumulative
30.09.2015
321,412
(50,010)
271,402
(9,887)
122,633
20,903
35,668
1,466
(91,737)
(42,037)
(2,400)
(47,300)
54,416
(16,325)
38,091
33,123
910
(82,541)
(35,927)
(4,767)
(41,847)
50,114
(15,034)
35,080
105,975
4,988
(263,824)
(125,633)
(6,911)
(131,280)
174,868
(52,460)
122,408
90,620
11,110
(224,001)
(105,704)
(11,255)
(107,042)
160,147
(48,044)
112,103
3,374
76
76
185
3,078
70
70
169
3,374
245
245
185
3,078
224
224
169
3.2%
21.1%
49.6%
12.3%
3.5%
23.7%
54.7%
12.3%
3.5%
23.0%
49.6%
12.6%
3.7%
25.2%
50.4%
12.0%
Signed by
20,000
572,967
122,408
20,428
735,803
320,332
82,391
46,196
567
20,000
561,349
84,316
32,077
697,742
267,289
85,526
41,636
583
15.6%
2.8%
84.1%
60.5%
77.0%
-2.6%
-0.1%
14.8%
3.1%
77.7%
57.4%
77.6%
-0.8%
1.8%
Date
Ineke Bussemaker
Managing Director
October 21, 2016
Waziri Barnabas
Chief Financial Officer
October 21, 2016
Augustino Mbogella
Chief Internal Auditor
October 21, 2016
We, the under-named, non-executive members of the board of directors, attest to the correctness of the above statements.
We declare that the statements have been examined by us, and to the best of our knowledge and belief have been prepared
in conformance with the instructions and are true and correct.
Signed by
CASH FLOW STATEMENT FOR THE QUARTER ENDED 30TH SEPTEMBER, 2016
(Amounts in million shillings)
I:
1
2
3
4
5
6
Current
Quarter
30.09.2016
144,011
(30,881)
113,130
(7,935)
40,958
3,824
Current Quarter
30.09.2016
Previous Quarter
30.06.2016
Cash flow from Operating activities:
Net income(loss)
Adjustment for:
- Impairment/amortization
- Net change in loans and advances
- Gain/loss on sale of assets
- Net change in deposits
- Net change in short term negotiable securities
- Net change in other liabilities
- Net change in other assets
- Tax paid
- Others (Net change in SMR deposits)
Net cash provided (used) by operating activities
54,416
64,337
(476)
(146,886)
(90,490)
11,025
7,459
(10,880)
(3,087)
(178,919)
4,313
(142,916)
(28,118)
17,025
3,707
(23,384)
16,315
(88,721)
Cash flow from Investing activities:
Dividends received
Purchase of fixed assets
Proceeds from sale of fixed assets
Purchase of non-dealing securities
Proceeds from sale of non-dealing securities
Others-(Treasury Bonds/Bills /Equity investment)
Net cash provided (used) by investing activities
(19,292)
131,480
112,188
(33,053)
(57,055)
(90,108)
Cash Flow from Financing activities:
Repayment of long-term debt
Proceeds from issuance of long term debt
Proceeds from issuance of share capital
Payment of cash dividends
Net change in other borrowings
Others (specify)
Net cash provided(used) by financing activities
38,217
38,217
(52,000)
101,026
49,026
Net increase/(decrease) in cash and cash equivalents
(28,514)
(129,803)
Cash and cash equivalents at the beginning of the quarter
512,959
642,762
Cash and cash equivalents at the end of the quarter
484,445
512,959
Cash and Cash equivalents:
Date
Prof. Joseph Semboja
Board Chairman
October 21, 2016
Protase Tehingisa
Director
October 21, 2016