All about Financial report
| 2016 RM | 2015 RM | |
|---|---|---|
| Net Profit for the year | 2,454,711 | 3,394,801 |
| Interest income | 28,561,359 | 22,918,887 |
| Interest expense | (14,630,417) | (11,221,279) |
| Net interest income | 13,930,942 | 11,697,608 |
| Fees and commission income | 4,146,494 | 3,639,418 |
| Fees and commission expense | (325,105) | (57,952) |
| Net fee and commission income | 3,821,389 | 3,581,466 |
| Other income | 306,790 | 88,609 |
| Total net operating income | 18,059,121 | 15,367,683 |
| General and administrative expenses | (13,155,044) | (10,368,109) |
| Allowance for bad and doubtful Loans and advances | (1,345,249) | (584,085) |
| Profit before income tax | 3,558,828 | 4,415,489 |
| Income tax expense | (1,104,117) | (1,020,688) |
| Equity | 2016 RM | 2015 RM |
|---|---|---|
| Total Liabilities and Equity | 480,485,198 | 414,097,400 |
| Paid-up capital | 59,000,000 | 39,000,000 |
| Other reserves | 5,000,000 | |
| Retained earnings | 13,765,412 | 16,230,582 |
| Total Equity | 77,765,412 | 55,230,582 |
| Liabilities | 2016 RM | 2015 RM |
|---|---|---|
| Total Liabilities | 402,719,786 | 358,866,818 |
| Deposits from customers | 317,507,103 | 276,040,143 |
| Deposits by other banks | 74,933,739 | 75,319,324 |
| income tax payable | 934,941 | 779,236 |
| Other liabilities | 9,344,003 | 6,728,115 |
| 2016 RM | 2015 RM | |
|---|---|---|
| Total Assets | 480,485,198 | 414,097,400 |
| Cash and bank balances | 29,524,517 | 62,487,036 |
| Deposits and placements with banks and other financial institutions | 76,915,000 | 68,138,750 |
| Loans and advances-net | 308,792,754 | 226,122,681 |
| Other assets | 4,196,834 | 3,946,291 |
| Statutory deposits | 45,208,000 | 38,406,000 |
| Instangible assets | 1,066,079 | 413,692 |
| Property and equipment | 14,484,689 | 14,582,950 |
| Deferred tax assets | 597,325 |
