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NATIONAL BANK OF COMMERCE LTD
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REPORT OF THE CONDITION OF BANK
PURSUANT TO SECTION 32(3) OF THE BANKING
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AND FINANCIAL INSTITUTION ACT
2006.
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BALANCE SHEET AS AT 31 DECEMBER 2007
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(AMOUNT IN MILLION SHILLINGS)
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Position as at
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Position as at
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31-Dec-07
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30-Sep-07
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A
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ASSETS
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1
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Cash
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52,171
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36,214
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2
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Balances with Bank of Tanzania
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66,374
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58,045
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3
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Balances with other banks
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137,650
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140,237
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4
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Cheques in the course of
collection
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24,163
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36,887
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5
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Investment in Government
securities
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170,972
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177,907
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6
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Investment in other securities
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-
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-
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7
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Loans, Advances & Overdraft
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463,207
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427,344
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(Net of allowances for Probable Losses)
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8
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Bills negotiated
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1,576
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1,881
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9
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Equity Investments
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-
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-
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10
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Customer liabilities on
acceptances
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-
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-
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11
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Fixed assets (less depreciation)
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37,397
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30,757
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12
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Interbranch Suspense (Net)
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1,158
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266
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13
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Deferred Tax
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5,079
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4,901
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14
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Other assets
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5,915
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6,361
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TOTAL ASSETS
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965,662
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920,800
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B
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LIABILITIES
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1
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Customer deposits
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785,472
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756,847
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2
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Deposits From Other Banks
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2,383
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1,608
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3
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Cash Letters of Credit and
Guarantees
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1,921
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3,068
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4
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Bills Payable
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13,108
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13,294
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5
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Bankers' Cheques & Drafts
Issued
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3,819
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6,361
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6
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Accrued Taxes and expenses payable
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11,111
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11,682
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7
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Acceptances Outstanding
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8
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Interbranch Suspense (Net)
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150
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731
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9
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Proposed Dividend
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-
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-
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10
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Deferred Tax
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3,198
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2,596
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11
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Other Liabilities
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36,601
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24,975
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TOTAL LIABILITIES
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857,762
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821,161
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NET ASSETS/(LIABILITIES)
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107,900
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99,639
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C
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CAPITAL AND RESERVES
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1
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Paid-Up Share Capital
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12,000
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12,000
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Recapitalisation Reserves
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-
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-
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Retained Earnings
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63,371
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63,371
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Profit/(Loss)
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32,529
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24,268
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5
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Others (Statutory Reserve)
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-
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-
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TOTAL SHAREHOLDERS' FUNDS
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107,900
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99,639
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TOTAL LIABILITIES AND
SHAREHOLDERS' FUNDS
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965,662
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920,800
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1
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Contingent Liabilities
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63,762
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57,565
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2
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Non Performing Loans &
Advances
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20,055
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18,973
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3
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Allowance For Probable Losses
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16,864
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14,960
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4
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Other Non Performing Assets
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-
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-
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D
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PERFORMANCE INDICATORS
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(I)
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Total Capital to Total Assets
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11%
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11%
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(ii)
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Non Performing Loans &
Advances
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4%
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5%
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to Total Advances
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(iii)
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Gross Loans and Advances to Total
Deposits
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61%
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58%
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(iv)
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Loans and Advances to Total Assets
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50%
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48%
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