Consolidated Report.pdf

Here is a detailed but concise summary of the financial statements of JSC "Kartu Bank" and its subsidiaries:

Consolidated Financial Statements

As of December 31, 2020, the bank's total assets were GEL 346,043 thousand, with total liabilities of GEL 322,767 thousand and total equity of GEL 23,276 thousand.
The bank's net profit for the year 2020 was GEL 9,832 thousand, with a net interest income of GEL 59,557 thousand and a non-interest income of GEL 25,889 thousand.
The bank's total loans to customers were GEL 86,704 thousand, with a loan loss provision of GEL 19 thousand.
The bank's total deposits from customers were GEL 93,849 thousand, with a deposit interest expense of GEL 34,292 thousand.

Consolidated Income Statement

Net interest income: GEL 59,557 thousand (2020), GEL 63,619 thousand (2019)
Non-interest income: GEL 25,889 thousand (2020), GEL 13,465 thousand (2019)
Net profit: GEL 9,832 thousand (2020), GEL 22,314 thousand (2019)

Consolidated Balance Sheet

Total assets: GEL 346,043 thousand (2020), GEL 322,767 thousand (2019)
Total liabilities: GEL 322,767 thousand (2020), GEL 295,113 thousand (2019)
Total equity: GEL 23,276 thousand (2020), GEL 27,654 thousand (2019)

Consolidated Statement of Changes in Equity

Total equity at the beginning of the year: GEL 27,654 thousand (2020), GEL 25,930 thousand (2019)
Net profit for the year: GEL 9,832 thousand (2020), GEL 22,314 thousand (2019)
Dividends paid: GEL 45,000 thousand (2020), GEL 0 thousand (2019)
Total equity at the end of the year: GEL 23,276 thousand (2020), GEL 27,654 thousand (2019)