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TNB posts net income of $18.12 million in 2019


According to the financial statements of the National Bank TNB for the year 2019, Net profit after tax of the period reached 18,122,438 USD Compared with Net profit after tax 19,255,855 USD for 2018, a net decrease in profit of 5.89%.Total assets of the company reached 2,423,933,196 USD compared with total assets of 2,204,690,870 USD at the end of year 2018, a net increase of 9.94%.Total liabilities of the company reached 2,226,590,716 USD compared with total liabilities of 2,016,830,274 USD at the end of year 2018, a net increase of 10.40%. Net ownership equity of the company reached 197,342,480 USD (Including Non-Controlling Interests of 100,464,880 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 5.05%.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%.



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