NMB BANK PLC UNAUDITED FINANCIAL STATEMENTS

Issued pursuant to regulations 7 and 8 of the Banking and Financial Institutions (Disclosures) Regulations, 2014

4.2
CONDENSED STATEMENT OF FINANCIAL CONDENSED STATEMENT OF CASH FLOW STATEMENT
POSITION AS AT 30 JUNE, 2021 FOR THE QUARTER ENDED 30 JUNE, 2021
(Amounts in million shillings) (Amounts in million shillings)
GROUP BANK GROUP BANK GROUP BANK
Current Quarter Previous Quarter Current Quarter Previous Quarter Current Previous Current Previous Current Year Previous Year Current Year Previous Year
30.06.2021 31.03.2021 30.06.2021 31.03.2021 Quarter Quarter Quarter Quarter Cummulative Cummulative Cummulative Cummulative
A. ASSETS 30.06.2021 31.03.2021 30.06.2021 31.03.2021 30.06.2021 30.06.2020 30.06.2021 30.06.2020
1 Cash 405,346 470,009 405,346 470,009
2 Balances with Bank of Tanzania 1,008,328 529,551 1,008,328 529,551
I: Cash flow from Op-
3 Investments in Government securities 1,345,548 1,207,987 1,345,548 1,207,987 erating activities:
4 Balances with other banks and financial institutions 157,223 142,592 157,223 142,592 Net income(loss) 100,253 93,693 99,092 92,990 193,946 135,942 192,082 133,667
5 Cheques and items for clearing 10,259 3,956 10,259 3,956 Adjustment for:
6 Inter branch float items 1,045 2,384 1,045 2,384
- Impairment/amor-
7 Bills negotiated - - - - 10,038 9,869 9,545 9,377 19,907 24,019 18,922 23,034
tization
8 Customers' liabitities for acceptances - - - -

5.8
- Net change in loans
(100,386) (67,773) (100,386) (67,702) (168,159) (232,589) (168,088) (229,950)
9 Interbank loans receivables 47,642 46,514 47,642 46,514 and advances
10 Investments in other securities - - - - - Gain/loss on sale of
- - - - - - - -
assets
11 Loans, advances and overdrafts - - - Net change in
(net of allowances for probable losses) 4,229,306 4,130,048 4,229,706 4,130,448 710,037 (173,379) 708,592 (169,795) 536,658 617,723 538,797 614,873
deposits
12 Other assets 205,543 200,389 283,074 274,379 - Net change in short
13 Equity investments 2,920 2,920 2,920 2,920 term negotiable - - - - - - - -
Trillion 14 Underwriting accounts - - - - securities
- Net change in other
15 Property, Plant and equipment 198,949 207,893 165,781 174,232 5,434 (36,762) 12,074 (38,675) (31,328) 14,758 (26,601) 11,477
liabilities
Customer 16 TOTAL ASSETS 7,612,109 6,944,243 7,656,872 6,984,972 - Net change in other
(11,876) 3,728 (15,417) 3,181 (8,148) (52,876) (12,236) (46,124)
Deposits B LIABILITIES
assets
- Tax paid (29,475) (26,436) (29,475) (26,436) (55,911) (62,111) (55,911) (62,111)

+8%YoY 17
18
19
Deposits from other banks and financial institutions
Customer deposits
Cash letters of credit
57,203
5,843,527
80,489
57,131
5,188,989
30,874
57,203
5,845,671
80,489
57,131
5,192,578
30,874
- Others
Net cash provided
(31,866) 9,296 (31,866) 9,296 (22,570) 32,037 (22,570) 32,037

(used) by operating 652,159 (187,764) 652,159 (187,764) 464,395 476,903 464,395 476,903
20 Special Deposits 12,113 6,301 12,113 6,301 activities
21 Payment orders/transfers payable - - - -
22 Bankers' cheques and drafts issued 2,118 2,121 2,118 2,121 II. Cash flow from In-
Total Assets 23 Accrued taxes and expenses payable 61,277 57,879 60,663 57,723 vesting activities:

7.6
24 Acceptances outstanding - - - - Dividends received - - - - - - - -
25 Inter branch float items - - - - Purchase of fixed
(1,756) (3,919) (1,756) (3,919) (5,675) (9,011) (5,675) (9,011)
26 Unearned income and other deferred charges 37,994 37,470 37,994 37,470 assets
27 Other liablities 66,175 64,660 112,482 103,870 Proceeds from sale of
- - - - - - - -
fixed assets
28 Borrowings 253,337 302,620 253,337 302,620
Purchase of non-deal-
Trillion
- - - - - - - -
29 TOTAL LIABILITIES 6,414,233 5,748,045 6,462,070 5,790,688 ing securities
Proceeds from sale
30 NET ASSETS /(LIABILITIES) 1,197,876 1,196,198 1,194,802 1,194,284

+6%
of non-dealing - - - - - - - -
securities
C. SHAREHOLDERS' FUNDS Others-(Equity invest-
(137,499) 95,934 (137,499) 95,934 (41,565) (206,986) (41,565) (206,986)
ment and Securities)
31 Paid up share capital 20,000 20,000 20,000 20,000
Net cash provided
32 Capital reserves - - (used) by investing (139,255) 92,015 (139,255) 92,015 (47,240) (215,997) (47,240) (215,997)
33 Retained earnings 1,037,941 1,106,441 1,040,642 1,109,142 activities
34 Profit(Loss) account 135,503 65,387 133,640 64,684
35 Other capital accounts 520 458 520 458 III: Cash Flow from Fi-
nancing activities:
36 Minority interest 3,912 3,912 - -
Repayment of long-
37 TOTAL SHAREHOLDERS' FUNDS 1,197,876 1,196,198 1,194,802 1,194,284 - - - - - - - -
term debt

Non 38 Contingent liabilities 770,686 654,587 770,686 654,587

Proceeds from
issuance of long term - - - - - - - -
Performing 39 Non performing loans & advances 191,412 216,506 191,412 216,506 debt
Proceeds from issu-
Loans to 40
41
Allowances for probable losses
Other non performing assets
214,660
12,974
209,527
9,058
214,660
12,974
209,527
9,058
ance of share capital
- - - - - - - -

Gross Loans Payment of cash

dividends
(68,500) - (68,500) - (68,500) (48,000) (68,500) (48,000)

4.3%
D SELECTED FINANCIAL CONDITION INDICATORS
Net change in other
(i) Shareholders Funds to total assets 16% 17% 16% 17% (49,283) (21,120) (49,283) (21,120) (70,403) 27,997 (70,403) 27,997
borrowings
(ii) Non performing loans to total gross loans 4.3% 5.0% 4.3% 5.0% Others (Specify) - - - - - - - -
(iii) Gross loans and advances to total deposits 74% 82% 74% 82% Net cash provid-
(iv) Loans and advances to total assets 56% 59% 55% 59% ed(used) by financ- (117,783) (21,120) (117,783) (21,120) (138,903) (20,003) (138,903) (20,003)
ing activities
(v) Earnings assets to total Assets 75% 79% 75% 79%
(vi) Deposits growth 13% -3% 13% -3%
IV: Cash and Cash
(vii) Assets growth 10% -2% 10% -2%
equivalents:
Net increase/(de-
CONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER crease) in cash and
cash equivalents
395,121 (116,869) 395,121 (116,869) 278,252 240,903 278,252 240,903

COMPREHENSIVE INCOME PERIOD ENDED 30 JUNE, 2021 Cash and cash

(Amounts in million shillings) equivalents at the 790,160 907,029 790,160 907,029 907,029 1,213,370 907,029 1,213,370
GROUP BANK GROUP BANK beginning of the year

Profit
Cash and cash
Current Comperative Current Comperative Current Year Comparative Year Current Year Comparative year 1,185,281 790,160 1,185,281 790,160 1,185,281 1,454,273 1,185,281 1,454,273
equivalents at the
Quarter Quarter Quarter Quarter Cummulative Cummulative Cummulative Cummulatilave
end of the year
30.06.2021 30.06.2020 30.06.2021 30.06.2020 30.06.2021 30.06.2020 30.06.2021 30.06.2020
Before Tax

192
1 Interest income 196,030 168,635 196,030 168,735 386,799 334,657 386,799 334,888 CONDENSED GROUP STATEMENT OF CHANGES IN EQUITY
2 Interest expense (30,497) (34,317) (30,497) (34,317) (63,356) (66,914) (63,356) (66,914)
AS AT 30 JUNE 2021
3 Net interest income 165,533 134,318 165,533 134,418 323,443 267,743 323,443 267,974
(1minus2) (Amounts in million shillings)
4 Bad debts written off - - - - - - - -

Billion
General
5 Impairment Losses on Loans (30,169) (26,598) (30,169) (26,598) (53,039) (48,445) (53,039) (48,445) Share Retained Regulatory Others (Fair
Share Capital Provision Total
and Advances Premium Earnings Reserve Valuation)

+44%
Reserve
6 Non interest income: 74,228 59,274 74,228 59,274 139,915 119,046 139,915 119,046 Current Year
6.1 Foreign currency Balance as at the beginning of
dealings and translation 20,000 - 1,106,441 - - 4,704 1,131,145
the year
YoY gain/(loss) 7,293 5,655 7,293 5,655 12,867 11,472 12,867 11,472
Profit for the year - - 135,503 - - - 135,503
6.2 Fee and commisions 60,166 51,116 60,166 51,116 115,987 101,287 115,987 101,287
6.3 Dividend income - 17 - 17 - 17 - 17 Other Comprehensive Income - - - - - (272) (272)
6.4 Other operating income 6,769 2,486 6,769 2,486 11,061 6,270 11,061 6,270 Transactions with owners - - - - - - -
7 Non interest expense: (109,339) (101,944) (110,500) (103,028) (216,373) (202,400) (218,236) (204,907) Dividends Paid - - (68,500) - - - (68,500)
7.1 Salaries and benefits (57,127) (50,834) (57,127) (50,834) (113,590) (101,351) (113,590) (101,351) Regulatory Reserve - - - - - - -
7.2 Fees and commissions (3,613) (1,092) (3,613) (1,092) (7,161) (3,571) (7,161) (3,571) General Provision Reserve - - - - - - -
7.3 Other operating (48,599) (50,018) (49,760) (51,102) (95,622) (97,478) (97,485) (99,985) Others - - - - - - -
expenses Balance as at the end of the 20,000 - 1,173,444 - - 4,432 1,197,876
current period
8 Operating income/(loss) 100,253 65,050 99,092 64,066 193,946 135,944 192,083 133,668
9 Income tax expense (30,137) (19,220) (30,137) (19,220) (58,443) (40,100) (58,443) (40,100) Previous Year
10 Net income(loss)after 70,116 45,830 68,955 44,846 135,503 95,844 133,640 93,568 Balance as at the beginning of

Profit
income tax the Year
11 Other comprehensive Profit for the year 20,000 - 944,473 - - 4,630 969,103
income, net of tax Other Comprehensive Income - - 95,844 - - - 95,844
Fair value gain/ (loss) on 62 (955) 62 (955) (272) (932) (272) (932)
After Tax Transactions with owners - - - - - (932) (932)

134
FVOCI – net of tax
Dividends Paid - - - - - - -
Total comprehensive 70,178 44,875 69,017 43,891 135,231 94,912 133,368 92,636
income for the year Regulatory Reserve - - (48,000) - - - (48,000)
12 Number of employees 3,473 3,445 3,473 3,445 3,473 3,445 3,473 3,445 General Provision Reserve - - - - - - -
Others - - - - - - -
13 Basic earnings per share 140 92 138 90 271 192 267 187
Balance as at the end of the 20,000 - 992,317 - - 3,698 1,016,015
Billion 14 Diluted earnings per share 140 92 138 90 271 192 267 187 Previous period

+43%
15 Number of branches 225 226 225 226 225 226 225 226
SELECTED CONDENSED BANK’S STATEMENT IN EQUITY
PERFORMANCE
INDICATORS AS AT 30 JUNE 2021
YoY (i)
Return on average total
assets
4% 3% 4% 3% 4% 3% 4% 3% (Amounts in million shillings)
Return on average share- General
Share Retained Regulatory Others (Fair
(ii) 23% 18% 23% 17% 23% 19% 22% 18% Share Capital Provision Total
holders funds Premium Earnings Reserve Valuation)
Reserve
Non interest expense to Current Year
(iii) 46% 53% 46% 53% 47% 52% 47% 53%
gross income
Balance as at the beginning of
(iv) Net interest income to 11% 11% 12% 11% 11% 11% 12% 11% 20,000 - 1,109,142 - - 792 1,129,934
the year
Non Interest average earning assets
Profit for the year - - 133,640 - - - 133,640
Expenses SELECTED EXPLANATORY NOTES FOR THE QUARTER ENDED 30 JUNE 2021
Other Comprehensive Income - - - - - (272) (272)
Transactions with owners - - - - - - -
to Gross In preparation of the quarterly financial statements, consistent accounting policies have been used as those applicable to the previous year audited financial statements. Dividends Paid - - (68,500) - - - (68,500)
Income (CIR) Name and Title Signature Date
Regulatory Reserve - - - - - - -

47%
General Provision Reserve - - - - - - -
Ruth Zaipuna 23/07/2021
Chief Executive Officer Others - - - - - - -
Balance as at the end of the 20,000 - 1,174,282 - - 520 1,194,802
current period
Juma Kimori 23/07/2021
Chief Financial Officer
Previous Year
Benedicto Baragomwa 23/07/2021 Balance as at the beginning of
Ag. Chief Internal Auditor the Year
We, the undersigned directors, attest to the faithful representation of the above statements. We declare that the statements have been examined by us and, to the best of our Profit for the year 20,000 - 951,341 - - 1,049 972,390
knowledge and belief, have been prepared in conformance with International Financial Reporting Standards and the requirements of the Banking and Financial Institutions Act, 2006 Other Comprehensive Income - - 93,568 - - - 93,568
and they present a true and fair view.
Transactions with owners - - - - - (932) (932)
Name Signature Date Dividends Paid - - - - - - -
Dr. Edwin P. Mhede 23/07/2021 Regulatory Reserve - - (48,000) - - - (48,000)
Board Chairman General Provision Reserve - - - - - - -
Others - - - - - - -
Leonard Mususa 23/07/2021
Director Balance as at the end of the 20,000 - 996,909 - - 117 1,017,026
Previous period

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