Annual Report 2022 - The Beginning of a Journey of Transformation
Γ
INCOME
STATEMENT
Based on
consolidated
KD'000
Interest income
Interest expense
Net Interest Income
2020
2021
2022
YTD 2022
YTD 2023
205,105
202,033
269,327
189,091
301,969
(99,654)
(89,538)
(143,950)
(94,296)
(200,673)
105,451
112,495
125,377
94,795
101,296
Fees and commissions
25,795
28,742
32,519
24,836
26,409
Net gains from dealing in foreign currencies
5,911
4,343
4,289
6,687
5,456
Gain/ (Loss) on sale of investments
427
2,049
1,907
1,899
(1,781)
IFRS financials
Dividend income
1,445
1,072
1,638
1,593
1,245
Share of results of associates
Other income
Operating Income
Staff expenses
Other operating expenses
Depreciation and amortisation
Operating expenses
1,973
2,427
3,382
2,614
2,349
462
2,735
2,455
2,052
1,827
141,464
153,863
171,567
134,476
136,801
(35,606)
(38,855)
(45,830)
(33,748)
(35,658)
(25,464)
(26,140)
(28,121)
(22,755)
(25,576)
(6,938)
(6,738)
(7,110)
(5,480)
(4,392)
(68,008)
(71,733)
(81,061)
(61,983)
(65,626)
Operating profit for the year
73,456
82,130
90,506
72,493
71,175
Provision On
credit Facilities
(136,461)
(45,400)
(46,969)
(36,238)
(31,128)
Net (impairment)/release on investment securities
(22)
(350)
(459)
(512)
(336)
and others
Profit /(loss) for the year
(63,027)
36,380
43,078
35,743
39,711
Directors' fee
(570)
(760)
Taxation
(6,482)
(8,415)
(9,940)
(8,099)
(6,845)
Net Profit/(loss) for the year
(69,509)
27,395
32,378
27,644
32,866
Attributable to:
Shareholders of the Bank
(69,684)
Non controlling Interest
175
EPS (fils)
-45
27,212
32,291
27,495
32,643
183
87
149
223
12
14
11
13
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