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TNB records net income of $0.31 million in 2020

2021-02-16

According to the financial statements of the National Bank TNB for the year 2020, Net profit after tax of the period reached 307,085 USD Compared with Net profit after tax 18,122,438 USD for 2019, a net decrease in profit of 98.31%.Total assets of the company reached 2,847,945,377 USD compared with total assets of 2,421,675,019 USD at the end of year 2019, a net increase of 17.60%.Total liabilities of the company reached 2,622,779,762 USD compared with total liabilities of 2,226,064,716 USD at the end of year 2019, a net increase of 17.82%. Net ownership equity of the company reached 225,165,615 USD (Including Non-Controlling Interests of 103,908,382 USD) compared with total owner equity of 195,610,303 USD (Including Non-Controlling Interests of 99,163,149 USD) at the end of year 2019, a net increase of 15.11%.Noting that paid-in capital increased from 78,000,000 USD in year 2019 to 91,764,707 USD of this year,a net increase of 17.65%.