STANDARD CHARTERED BANK BOTSWANA : CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR PERIOD ENDED 30 JUNE 2023

Standard Chartered Bank Botswana Limited

Condensed Unaudited Consolidated Interim Financial Results for Period ended 30th June 2023

The Directors have pleasure in announcing the Group (Standard Chartered Bank Botswana and its subsidiaries) unaudited financial results of the Bank for the Period ended 30 June 2023 together with comparative figures for 2022

Non-Funded income (NFI) down 8% year-on-year to close at P153.0m. The year-on-

Key Financial highlightsyear decline is largely attributed to thin margins on FX sales driven by heightened competitive pricing in the market and subdued Personal loan sales with a direct impact on insurance commission.

A new foreign exchange delivery capability allowing clients to transfer Chinese Yuan was also officially introduced to the market to continue to drive the Non-Funded Income (NFI) agenda through continued focus on the Affluent and Business Banking segments.

Standard Chartered Bank Botswana Limited

Condensed Unaudited Consolidated Interim Financial Results for Period ended 30th June 2023

CONDENSED CONSOLIDATED STATEMENT

OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 JUNE 2023

P523m P241m

Operating income up 30%Profit before tax up 239%

P191m	26%
Profit after tax up 230%	Positive income-to-cost jaws
15%	34%
Customer loans and advances grew	Annualised ROE 34% (17%-Dec 2022)
15%; CCIB customer assets up 207%

17.1%

Capital Adequacy Ratio (CAR) at 17.1% against the regulatory requirement of 12.5%

Return on Equity and share price

34%

11%

10%

4.1

1.82.3

Positive income-to-cost jaws of 26% resulted in an improved Cost to income ratio (CIR), from 75% to 60% year on year. Expense efficiency is core to enabling the Bank to create positive operating leverage, whilst creating capacity to continue investing into strategic initiatives. Improving CIR will continue to be a key focus area.

Credit impairment normalized to P31m and the portfolio remains resilient with lower loan loss ratio.

Asset book increased 15% year -on-year largely due to facility utilisation. The Banks strategic intention to drive short term loans and targeted campaigns are expected to sustain asset book growth.

Net Interest Income and margin	30 Jun 23	30 Jun 22
	P'000	P'000
Net Interest Income	370,080	235,975
Average Interest-earning Assets	15,162,106	14,911,125
Average Interest-bearing Liabilities	11,885,691	11,818,871
Gross Yield (%)	7.4	5.4
Rate Paid (%)	3.2	2.8
Net Yield	4.2	2.6
Net Margin (%)	4.9	3.2

Net interest income increased by 57% to P370m, with average interest earning assets growing by 2%. The growth in net interest income was also supported by strengthening margins, with net margin improving to 4.9% from 3.2%.

Credit Quality	30 Jun 23	30 Jun 22
	P'000	P'000
Gross loans and Advances to customers	9,258,172	8,092,213
Of which Stage 1 and 2	9,095,982	7,864,710
Of which Stage 3	162,190	227,503
Expected Credit loss provisions	206,007	193,655
Of which Stage 1 and 2	93,398	104,973
Of which Stage 3	112,610	88,682
Net loans and Advances to customers	9,052,165	7,898,558
Of which Stage 1 and 2	9,002,584	7,759,737
Of which Stage 3	49,580	138,821
Collateral	1,176,536	2,614,502
Stage 1 and stage 2 exposures	1,121,731	2,275,636
Stage 3 exposures	54,805	338,866

Stage 1 and 2 ECL provisions increased by a modest 16% peddled by growth in the CPBB portfolio and CCIB asset book. Stage 3 impaired exposures decreased by 29% on the back of portfolio management strategies.

Balance Sheet and Liquidity
30 Jun 23	30 Jun 22
P'000	P'000
Assets

We successfully relaunched our Affluent Segment in the first half which saw us increase our Relationship Management team and refresh our client value proposition for the segment. This area will continue to be an area of focus, and growth for the bank going forward. In pursuit of improving client experience and service agenda, we have further migrated clients to our self-service digital platforms. Digital adoption improved from 75% at the end of 2022 to 78.5% at the end first half of financial year 2023.

Strategic Priorities

• Be the leading bank for the Affluent leveraging our international footprint and expertise to provide them with the best in class local and international banking services.
  Build a profitable mass segment enabled by partnerships, data and digital infrastructure.
  Digitise and automate processes to offer exceptional end-to-end client experiences and drive efficiency
  Be the market leader in offering personalised and well-researched wealth propositions with digital enabling wider participation of all clients in

investment solutions.•••

Corporate, Commercial and Institutional Banking (CCIB)

CCIB net operating income recorded a 60% year-on-year growth. This represents consecutive annual growth following the strategic refocus of the business on specific business segments. This is in line with our differentiation strategy to leverage our international banking expertise and local knowledge to introduce value adding financial solutions to our clients. During the period, the business continued to introduce innovative derivative products to mitigate risks and improve the yield for our clients.

We have also continued in our digital transformation journey becoming the first bank in Botswana to process end to end trade financing and disbursement to clients on our platform. This in turn is improving cost efficiency. The uptake and appetite is encouraging. We are going further to introduce and incubate new products into the market working closely with our clients.

The balance sheet remains strong and the underlying fundamentals driving growth are solid. Impairment recorded a net release of P15.6m as a result of portfolio management initiatives to optimize the book. Total assets increased 300%. Liabilities recorded a 6% drop as the business took tactical measure to optimize the deposit mix to avoid increasing cost of funding due to the tightening liquidity experienced in the market.

Our focus on return on tangible equity yielded growth in profit before tax which is 4 times the previous reporting period (4x) demonstrating that our strategy is driving positive outcomes for the business.

Strategic priorities

• Financial markets. Deepening of our derivative business focusing on financial institutions and corporates.
• Introducing our investment banking product: Mergers and acquisitions, Credit Advisory, Capital Structuring, Debt Capital Markets (local and Eurobonds), Leverage finance.
• Sustainable Finance to help clients transition to net zero carbon emissions.
• Digital banking. Process integration to migrate existing manual processes to end-to-end digital experience for our clients.

We remain cognisant of changing macroeconomic variables in the local and international markets as we focus on long-term fundamentals to reinforce our differentiation strategy of building a sustainable business.

People & Culture

	Stated	Revaluation	Statutory	Retained	Capital	Treasury	Fair	Total
	Capital	reserve	credit	earnings	contribution	reserve	value
			reserve				reserve
Group	P'000	P'000	P'000	P'000	P'000	P'000	P'000	P'000
Balance at 01 January 2022	179,273	29,397	19,152	429,843	428,213	(31,566 )	(5,831 )	1,048,481
Total comprehensive income
Profit for the period				57,745				57,745
Other movements
Other comprehensive income
"Fair value adjustment
items measured at fair value through
other comprehensive income "							2990	2990
Transactions with owners of the bank
Dividends to equity holders - paid				(60,311)
Distributions to holders of
subordinated capital securities				(15,150)				(15,150 )
Balance at 30 June 2022	179,273	29,397	19,152	412,127	428,213	(31,566 )	(2,841 )	1,033,755
Balance at 01 July 2022	179,273	29,397	19,152	412,127	428,213	(31,566 )	(2,841 )	1,033,755
Total comprehensive income
Profit for the period				144,081				144,081
Other movements				1,985				1,985
Other comprehensive income
" Fair value adjustment
items measured at fair value through
other comprehensive income "							(8,011 )	(8,011 )
Transactions with owners of the bank
Dividends to equity holders - paid
Distributions to holders of
subordinated capital securities				(15,150)				(15,150 )
Balance at 31 December 2022	179,273	29,397	19,152	543,043	428,213	(31,566 )	(10,852 )	1,156,660
Balance at 01 January 2023	179,273	29,397	19,152	543,043	428,213	(31,566 )	(10,852 )	1,156,660
Total comprehensive income
Profit for the year				190,731				190,731
Other movements				(923)				(923 )
Other comprehensive income								-
"Fair value adjustment
items measured at fair value through
other comprehensive income"							2,437	2,437
Transactions with owners of the bank
Dividends to equity holders - paid				(201,826)				(201,826 )
Distributions to holders of
subordinated capital securities				(15,150)				(15,150 )
Balance at 30 June 2023	179,273	29,397	19,152	515,875	428,213	(31,566 )	(8,415 )	1,131,928

Jun 21	Jun 22	Jun 23
Return on Equity	Share price

Return on Tangible Equity

32%

18%

10%

Jun 21

Jun 22

Jun 23

Economic Environment

Global & Regional Economy

Recessionary conditions are probable in some of the major economies; the US, UK and the Euro area starting in the Q4:2023 and Q1-2024. The Federal reserve paused its aggressive series of interest rate hikes in June but raised key interest rate by 0.25% in July as it continues to fight persistent inflation. For the Eurozone, weak global trade poses a risk and if trade does not recover in the coming months, Europe could face a higher risk of slipping back into recession. The European Central Bank (ECB) raised interest rates by 25 bps during its July meeting. China's recovery has lost momentum in recent months, after a strong start to the year as pent-up consumer demand was unleashed. Unlike China's previous recoveries, which were fuelled by real-estate and investment activity, this one is driven mainly by consumer spending and services. The People's Bank of China (PBoC) cut key policy rates for the second time in three months, at the August meeting, highlighting that the authorities are ramping up monetary easing efforts to boost the economy.

Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation, and a sharp deceleration of investment growth.

Local Economy

The economy expanded by 5.4% in the first quarter of 2023, largely supported by mining output which grew by 10.8%. Diamond production, which is the largest mining contributor, grew by 12% year-on-year, being the highest level since 2016. Despite the strong start of the year, the economy is likely to be tested in the second half of the year due to the potential risks to global diamond demand.

Headline inflation decelerated quickly to below the objective range at 1.5%, the lowest since August 2020, after peaking to 14.6% in August 2022. The aggressive decline in inflation is largely driven by the base effects and easing transportation costs. The Monetary Policy Committee projects that inflation will remain within the 3-6% objective range into the medium term.

Business Performance

The bank continues to deliver an improving financial performance with strong top line and returns trajectories. Profit before tax up by 239% to P241m, our highest half year profit since 2014. This was achieved through solid income performance, growing by 30% year on year with the growth coming from both underlying business momentum particularly in Corporate, Commercial and Institutional Banking (CCIB) and improving interest rate environment.

Gross interest income closed at P561.4m, up 41% annually reflecting the benefits of growth in the corporate book (P1.3bn asset growth) and asset portfolio price alignment (151bps increase).

We maintained a resilient liquidity position over the period with a strategic focus on optimal deposit mix. Low cost deposit mobilisation is expected to gradually reduce the holding of expensive deposits.

	Loans and advances to banks	70,328	43,545
	Due from related parties	3,948,439	4,371,653
	Loans and advances to customers	9,052,165	7,898,558
	Other assets	3,170,219	3,293,846
	Total assets	16,241,151	15,607,602
	Liabilities
	Deposits from other banks	827,711	502,062
	Due to related parties	590,477	204,109
	Deposits from customers	12,665,950	12,854,728
	Other liabilities	1,025,085	1,012,949
	Total liabilities	15,109,223	14,573,847
Equity	1,131,928	1,033,755
Advances-to-deposits Ratio (%)	73	61
Liquid Assets Ratio (%)	15.3	16.4

Total Loans and advances to customers increased by 14.6% to P9.1bn. Significant increase largely due to trade facility utilisation in CCIB. There were positive signs of recovery for CPBB asset volumes in the second quarter after a slow start to the year. CPBB assets relatively flat year-on-year, with marginal growth in Personal loans offsetting a decline in mortgages.

Customer deposits (excl banks) down 2% year-on-year to P12.7bn. Decline is due to strategy to optimise the funding mix. The strategic funding plan remains robust underpinned by Current & Savings accounts (CASA) opportunities in the CCIB segment.

Risk Weighted Assets (RWA)	30 Jun 23	30 Jun 22
		P'000	P'000
By Risk Type
Credit	7,428,748	7,572,061
Market	28,880	187,424
Operational	767,987	753,413
Total RWAs	8,225,615	8,512,898

Total RWA down by P131m (2%) ending first half of the financial year at P8,2bn largely driven by Credit Risk RWA which closed at P7.4bn from P7.6bn and recording an improved capital adequacy ratio at 17.1% culminating from RWA optimisation initiatives over the period.

	Capital Base and ratios	30 Jun 23	30 Jun 22
		P'000	P'000
	CET1 Capital	490,881	528,192
	Additional Tier 1 Capital (AT1)	400,000	400,000
	Tier 1 Capital	890,881	928,192
	Tier 2 Capital	519,796	390,768
	Total Capital	1,410,677	1,318,960
Capital adequacy ratio (%)	17.1%	15.5%
Regulatory Threshold (%)	12.5%	12.5%

Capital ratios remain within regulatory limits with Capital Adequacy Ratio (CAR) ending first half of the financial year 2023 at 17.1% and as such no capital concerns are anticipated into full year 2023.

Segment performance

Consumer, Private and Business Banking

Consumer, Private & Business Banking delivered a strong financial performance in first half of the financial year 2023, underpinned by a solid revenue growth and excellent returns. first half of the financial year 2023 Revenue grew by 17% year-on- year to P329m. This notable growth was mainly driven by a substantial increase in interest income, growing by 30% year-on-year supported by the higher interest rate environment.

However, this was partly offset by a decline in fee income. Fee revenue decreased by 3% year-on-year largely due to subdued wealth management income as momentum was impacted by market headwinds and competitive pricing.

As the only international bank in Botswana with investment advisory and multi asset investment platform, we continue onboarding additional mutual funds to offer a diversified portfolio to our clients.

Standard Chartered bank's takes the experience of all colleagues journeys with the organization very seriously. The bank believes that here for good means promoting a work environment that is safe and doing work that is both meaningful and purpose- led. To ensure that this aspiration is achieved, the bank implemented a fair pay charter in 2020. Fair pay charter is the bank's commitment to its employees and clients that supports prosperity, fairness & psychological safety.

We have set our aspiration to create an inclusive and innovative performance culture underpinned by conduct and sustainability. Creating an environment which is fair in recognising the ability, performance and potential of all our colleagues, is core to that aspiration. Through the charter we have been able to achieve the below highlights on our commitments on fair pay, benefits and wellbeing. This also helps us reflect on where there is still more to do;

• 30 days annual leave for all colleagues in promotion of ensuring staff lead a fulfilled work life balance
  20 weeks parental leave for all colleagues irrespective of gender or marital status to also remove any differentiation on gender

9 months prolonged ill-health leave to support rehabilitation••

Outlook

We are proud to be part of a Global Bank that connects the world's dynamic markets and currently operating in 53 countries. The businesses we serve and partner with remain focal in our pursuit to be an innovative bank that meets their banking requirements. Our 2023 to 2025 strategy has adopted the following five strategic actions that support the delivery of the Group Chapter 3 strategy and increase shareholder value.

We aimed to optimize our distribution model through partnerships; drive our brand visibility; enhance employee experience; deliver client centric services and solutions; as well as to maintain high double-digit Return on Tangible Equity (RoTE); 25% by 2025. Great progress has been made in every area as evidenced by our strong financial performance in the first half of 2023.

Eazy Pula, our agent Banking product, was launched in March 2023 is now available at 44 sites across Botswana, ensuring that our brand reaches far places like Shakawe, where we previously had no presence. Through partnerships, our target is to have 100 active agent banking sites, offering everyday banking solutions to the larger population including those in remote areas by end of year. Our diversion away from brick and mortar, and our concerted move into digital, forms part of our strategy to deliver a more efficient and superior client experience.

We wish to reassure you all, that after 126 years of doing business in Botswana, we are even more committed to ensuring that our legacy remains relevant as we increase our footprint and become more visible countrywide. We are continuing to invest in our distribution network, albeit away from the traditional way of banking. Our personal loan value proposition was recently enhanced, offering clients a maximum loan amount of P700,000, to assist clients with major projects and large bills.

We recognize the evolving needs of our market and as the nation aspires to become a high-income economy, we aim to evolve with our clients to achieve this goal. As we continue to anticipate our client's needs, we look forward to a great second half of the year. All our key performance indicators are trending in the right direction and the businesses have in place targeted initiatives to further drive performance into the rest of 2023. The Management Team and Board remain focused on delivering the strategy while creating exceptional long-term value for our shareholders. We look forward to continuing to serve our clients and the country at large in 2023 and beyond.

By order of the Board

Doreen Khama	Mpho Masupe
Chairperson	Managing Director

Gaborone

11 August 2023

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

		30 Jun 23	30 Jun 22
		P'000s	P'000s
Interest income		561,410	398,953
Interest expense		(191,330)	(162,978)
Net interest income		370,080	235,975
Fees and commission income	126,651	131,948
Fees and commission expense	(15,694)	(9,667)
Net fee and commission income	110,957	122,281
Net trading income		40,475	44,706
Other operating income	1,521	-
Operating income		523,033	402,962
Staff costs		(118,637)	(114,022)
Premises costs		(230)	(113)
General administrative expenses	(175,885)	(168,386)
Depreciation and amortization	(18,823)	(19,529)
Operating expenses		(313,575)	(302,050)
Operating profit before impairment
losses and taxation		209,458	100,912
Credit impairment		31,293	(29,985)
Profit before taxation		240,751	70,927
Taxation		(50,020)	(13,182)
Profit for the year		190,731	57,745
CONDENSED CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
	30 Jun	31 Dec	30 Jun
	23	22	22
	P '000	P '000	P '000
Assets
Cash and balances	831,654	491,618	503,202
at central banks
Derivative financial	-	770	3,809
instruments
Loans and advances	70,328	45,078	43,545
to banks
Loans and
advances	9,052,165	7,775,324	7,898,558
to customers
Investment	1,970,515	2,444,488	2,399,615
securities
Other assets	29,981	40,175	55,213
Due from related	3,948,439	5,266,269	4,371,653
parties
Current tax assets	-	-	12,729
Prepayments and	167,989	166,408	162,121
accrued income
Investments in
subsidiary	-	-	-
undertakings
Goodwill and	57,426	63,150	44,882
intangible assets
Property, plant and	87,613	101,599	89,882
equipment
Deferred tax assets	25,041	30,126	22,394
Total assets	16,241,151	16,425,005	15,607,602
Liabilities	827,711	860,239	502,062
Deposits by banks
Customer	12,665,950	13,024,890	12,854,728
accounts
Derivative
financial	1,198	469	5,328
instruments
Debt securities in	323,566	323,566	323,566
issue
Other liabilities	121,172	139,986	218,412
Due to related	590,477	377,750	204,109
parties
Current tax	25,057	20,634	2,310
liabilities
Accruals and	161,235	129,366	73,173
deferred income
Subordinated	389,000	389,000	389,000
liabilities
Provisions for
liabilities and	3,858	2,445	1,159
charges
Total liabilities	15,109,223	15,268,345	14,573,847
Equity	179,273	179,273	179,303
Stated capital
Retained earnings	524,442	549,173	426,239
and other reserves
Total parent
company	703,715	728,446	605,542
shareholders' equity
Capital	428,213	428,213	428,213
contribution
Total equity
excluding
non-controlling	1,131,928	1,156,660	1,033,755
interests
Total equity	1,131,928	1,156,660	1,033,755
Total equity and	16,241,151	16,425,005	15,607,602
liabilities

CONDENSED CONSOLIDATED STATEMENT OF

CASH FLOWS

		30 June 23	31 Dec 22	30 Jun 22
		P '000	P '000	P '000
Cash flows from
operating activities	190,731	201,826	57,745
Profit for the year
Adjustments for:	(561,410 )	(919,289)	(398,953)
Interest income
Interest expense	191,330	336,140	162,978
Taxation	50,020	51,252	13,182
Depreciation	13,176	28,477	13,947
Amortisation on	5,647	12,185	5,581
intangibles
Net impairment loss on	(29,651 )	1,255	29,985
loans and advances
Unrealised foreign	(9,922 )	(20,034)	(2,651)
exchange (gains)/losses
Modification gains	(1,521 )	(1,878)	-
Movement in provisions	-	-	-
Profit on sale of asset	-	(1,062)	-
	Movements before
changes in working	(151,600 )	(311,127)	(118,186)
capital
Change in derivative
financial instruments	770	20,305	(2,768)
assets
Change in investment	473,973	182,059	229,816
securities
Change in loans and	(1,247,190 )	(58,734)	(212,576)
advances to customers
Change in other assets	10,194	27,013	9,211
Change in prepayments	(1,580 )	(21)	(13,500)
and accrued income
Change in deposits from	(32,529 )	442,584	84,223
other banks
Change in Customer	(358,940 )	406,884	236,722
accounts
Change in other liabilities	(9,887 )	(279,901)	(192,033)
Change in derivative
financial instruments	729	(4,142)	1,589
liabilities
Change in due to related	212,727	142,064	(31,393)
parties
Change in accruals and	31,868	(19,740)	14,325
deferred income
Change in provisions for	1,413	717	-
liabilities and charges
Taxation paid	(1,070,052 )	547,960	5,430
(40,512 )	(26,395)	(8,289)
Interest received	561,410	901,525	398,953
Interest paid	(191,330 )	(236,137)	(162,978)
Net cash flows from	(740,484 )	1,186,953	233,116
operating activities
Cash flows from investing
activities
Acquisition of property	(1,567 )	(1,766)	(7,341)
and equipment
Acquisition of intangibles	(516 )	(26,330)	(1,458)
Proceeds from sale of	-	3,500	-
property equipment
Net cash used in investing	(2,083)	(24,596)	(8,799)
activities
Cash flows from
financing activities
Interest paid on	(18,067 )	(23,604)	(20,398)
subordinated liabilities
Interest paid on debt	(12,677 )	(22,550)	-
securities
Lease liability capital	(5,142)	(18,778)	(898)
payments
Lease liability interest	(1,182)	(2,232)	(8,598)
payments
Dividends paid	(201,826 )	(60,311)	(60,311)
Distribution payment to
holders of subordinated	(15,150 )	(30,300)	(15,150)
capital securities
Net cash (used in)/from	(254,044 )	(157,775)	(105,355)
financing activities
Increase in cash and cash	(996,611 )	1,004,582	118,962
equivalents
Cash and cash	5,802,965	4,795,980	4,795,983
equivalents at 1 January
Net foreign exchange	44,067	2,403	3,456
differences
Cash and cash
equivalents at the end	4,850,421	5,802,965	4,918,401
of the period/year

CONSOLIDATED SEGMENTAL REPORTING

					Consumer, Private &	Corporate Commercial	Total
					Business Banking	& Institutional Banking
				Period ended 30 June 2023
				Profit and Loss
				Interest revenue calculated using the effective interest method	219,676	150,404	370,080
				Net fee and commission income	108,876	44,077	152,953
				Net operating income	328,552	194,481	523,033
				Operating expenses	(224,844 )	(88,731)	(313,575)
				Profit before impairment losses	103,708	105,750	209,458
				Credit loss expense on financial assets	15,762	15,531	31,293
				Segment profit (loss) before taxation	119,470	121,281	240,751
				Income tax expense			(50,020)
			Profit for the year			190,731
			Statement of financial Position
			Investment securities	-	1,970,515	1,970,515
			Loans and advances to customers	7,188,175	1,863,989	9,052,165
			Other assets for reportable segments	173,710	5,044,761	5,218,471
			Total assets for reportable segments	7,361,885	8,879,265	16,241,151
		Deposits from non bank customers	4,508,551	8,157,399	12,665,950
		Other liabilities for reportable segments	(135,638 )	2,578,911	2,443,273
		Total liabilities for reportable segments	4,372,913	10,736,310	15,109,223
	Period ended 30 June 2022
	Profit and Loss
	Interest revenue calculated using the effective interest method	168,555	67,420	235,975
	Net fee and commission income	112,565	54,421	166,986
	Net operating income	281,120	121,841	402,961
	Operating expenses	(209,777)	(92,272)	(302,050)
	Profit before impairment losses	71,343	29,569	100,912
	Credit loss expense on financial assets	(28,280 )	(1,704)	(29,985)
	Segment profit (loss) before taxation	43,063	27,864	70,927
	Income tax expense			(13,182)
	Profit for the year			57,745
	Statement of financial Position
	Investment securities	-	2,399,615	2,399,615
	Loans and advances to customers	7,292,190	606,368	7,898,558
	Other assets for reportable segments	168,193	5,141,236	5,309,429
	Total assets for reportable segments	7,460,383	8,147,219	15,607,602
	Deposits from non bank customers	4,246,579	8,608,149	12,854,728
	Other liabilities for reportable segments	(109,898 )	1,829,017	1,719,119
	Total liabilities for reportable segments	4,136,681	10,437,166	14,573,847