Standard Chartered Bank Zambia : Q1 2024 Income Statement

INTERNAL

QUARTERLY FINANCIAL STATEMENTS

Published in accordance with the section 92(1) of the Banking and Financial Services Act, 2017

Take note that the financial statements on a month -on- month basis are available on request at every branch of our bank

INCOME STATEMENT
			1st Quarter ending 31.03.24		Year to date
			ZMW'000	ZMW'000		ZMW'000	ZMW'000
Interest income from:
		Loans and overdrafts	118,725		118,725
		Banks and financial institutions	76,307		76,307
		Securities	46,899		46,899
		Other	10,416		10,416
Total interest income		252,347					252,347
Interest expense
		Deposits	(8,994)		(8,994)
		Paid to banks and financial institutions	(7,868)		(7,868)
		Subordinated debt	2,538		2,538
		Other	(3,060)		(3,060)
Total interest expense		(17,384)					(17,384)
Net interest income		234,963					234,963
Provision for loan losses		6,266					6,266
Other Provisions		(70,749)					(70,749)
Net interest income after provision for loan losses		170,480					170,480
Non-interest income
	Commissions fees and service charges	39,538		39,538
	Foreign Exchange
		Fees from foreign exchange transactions	25,620		25,620
		Realised trading gains (losses)	45,869		45,869
		Unrealised gains (losses) from foreign exchange holdings	28,288		28,288
	Other	20,488		20,488
Total non-interest income		159,803					159,803
Net interest and other income		330,283					330,284
Non-interest expenses
Depreciation	(15,516)		(15,516)
Other	(201,395)		(201,395)
Total non-interest expenses		(216,911)					(216,911)
Income (losses) before taxes and extraordinary items		113,372					113,373
Taxation		(34,012)					(34,012)
Income (losses) after taxes but before extraordinary items		79,360					79,361
Extraordinary items		-					-
Net income (loss)		79,360					79,361