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TNB records net income of $3.65 million in 9M 2014

2014-10-26

According to The National Bank TNB’s condensed data for the first nine months of the year, net profit after taxes reached 3,655,576 USD, compared with a net profit after taxes of 2,878,037 USD from the first nine months of 2013, a net increase of  27.0%. Total assets of the company reached 606,087,002 USD as of September 30^th, 2014, compared to total assets of 529,598,977 USD as of December 31^st, 2013, a net increase 14.4%. Total liabilities of the company reached 548,040,580 USD as of September 30^th, 2014, compared to total liabilities of 474,632,959 USD as of December 31^st, 2013, a net increase of 15.5%. Net ownership equity of the company reached 58,046,422 USD as of September 30^th, 2014, compared with a net ownership equity of 54,966,018 USD as of December 31^st, 2013, a net increase of 5.6% in the first nine months. Furthermore, paid-in capital increased from 49,881,953 USD on December 31^st, 2013 to 49,896,217 USD by September 30^th, 2014, an increase of 0.03%.