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TNB records net income of $2.16 million in Q1 2015

2015-04-30

According to the National Bank TNB’s consolidated data for the first three months of the year, net profit before taxes reached 2,160,539 USD, compared with a net profit before taxes of 1,878,000 USD from the first three months of 2014, a net increase of 15.0%. Total assets of the company reached 734,947,088 USD as of March 31st, 2015, compared to total assets of 679,908,084 USD as of December 31st, 2014, a net increase of 8.1%. Total liabilities of the company reached 648,907,552 USD as of March 31st, 2015, compared to total liabilities of 599,897,552 USD as of December 31st, 2014, a net increase of 8.2%. Net ownership equity of the company reached 86,039,536 USD as of March 31st, 2015, compared with a net ownership equity of 80,010,532 USD as of December 31st, 2014, a net increase of 7.5% in the first three months. Furthermore, paid-in capital increased from 70,968,206 USD on December 31st, 2014 to 75,000,000 USD by March 31st, 2015, an increase of 5.7%.