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TNB posts net income of $13.50 million in 9M 2019

2019-10-31

According to financial statements of the National Bank TNB for the first nine months of 2019, Net profit after tax of the period reached 13,499,010 USD Compared with Net profit after tax 15,085,330 USD for 2018, a net decrease in profit of 10.52%.Total assets of the company reached 2,421,376,963 USD compared with total assets of 2,204,690,870 USD at the end of year 2018, a net increase of 9.83%.Total liabilities of the company reached 2,228,809,630 USD compared with total liabilities of 2,016,830,274 USD at the end of year 2018, a net increase of 10.51%. Net ownership equity of the company reached 192,567,333 USD (Including Non-Controlling Interests of 97,297,441 USD) compared with total owner equity of 187,860,596 USD (Including Non-Controlling Interests of 94,775,472 USD) at the end of year 2018, a net increase of 2.51%.Noting that paid-in capital increased from 75,000,000 USD in year 2018 to 78,000,000 USD of this year,a net increase of 4.00%