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TNB records net income of $3.60 million in 2013

2014-02-17

According to The National Bank company (TNB)  data for year-end preliminary financial statements for year 2013, net profit after taxes reached 3,600,243 USD, compared with a net profit after taxes of 2,021,100 USD in the audited data for 2012, a net increase of 78.1%. Total assets of the company reached 529,598,977 USD as of December 31^st, 2013, compared to total assets of 350,890,034 USD as of December 31^st, 2012, a net increase of 50.9%. Total liabilities of the company reached 474,632,959 USD as of December 31^st, 2013, compared to total liabilities of 299,568,841 USD as of December 31^st, 2012, a net increase of 58.4%. Net ownership equity of the company reached 54,966,018 USD as of December 31^st, 2013, compared with a net ownership equity of 51,321,193 USD as of December 31^st, 2012, a net increase of 7.1%. Furthermore, paid-in capital increased from 49,875,642 USD  on December 31^st, 2012 to 49,881,953 USD  by December 31^st, 2013, an increase of 0.01%.