The National Bank Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
The National Bank reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported interest income of USD 43,046,452 against USD 35,925,791 a year ago. Net interest income was USD 28,188,291 against USD 23,663,806 a year ago. Net income before tax was USD 12,044,749 against USD 10,094,212 a year ago. Net income before tax was USD 12,044,749 against USD 10,094,212 a year ago. Net income after tax was USD 9,204,749 or USD 0.123 per basic and diluted share against USD 7,402,240 or USD 0.099 per basic and diluted share a year ago. Net cash used in operating activities was USD 17,704,969 against USD 32,062,923 a year ago. Purchase of Property, Plant and Equipment was USD 2,763,898 against USD 1,014,492 a year ago. Purchase of intangible assets was USD 1,502,899 against USD 753,732 a year ago.