QUARTERLY FINANCIAL STATEMENTS
Published in accordance with section 92(1) of the Banking and Financial Services Act, 2017
Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank
BALANCE SHEET | as at 31 Mar 2024 | INCOME STATEMENT | as at 31 Mar 2024 | Year to date | |||||||
ZMW'000 | |||||||||||
ASSETS | Interest income from: | ZMW'000 ZMW'000 | ZMW'000 ZMW'000 | ||||||||
Notes and coins | 610,837 | Loans and overdrafts | 118,725 | 118,725 | |||||||
Banks and financial | |||||||||||
Balances with Bank of Zambia | 3,772,448 | institutions | 76,307 | 76,307 | |||||||
Securities | 46,899 | 46,899 | |||||||||
Balances with banks and other | |||||||||||
financial institutions in Zambia | - | Other | 10,416 | 10,416 | |||||||
Balances with banks and other | |||||||||||
financial institutions abroad | 8,690,303 | Total interest income | 252,347 | 252,347 | |||||||
Investments in securities | 1,504,614 | Interest expense | |||||||||
Loans and advances (net of | Deposits | (8,994) | (8,994) | ||||||||
capitalised interest on non- | Paid to banks and financial | ||||||||||
performing loans and allowances for | 2,715,754 | institutions | (7,868) | (7,868) | |||||||
loan losses) | Subordinated debt | 2,538 | 2,538 | ||||||||
Bills of exchange | - | ||||||||||
Other | (3,060) | (3,060) | |||||||||
Interbranch | - | ||||||||||
Fixed Assets | 82,272 | Total interest expense | (17,384) | (17,384) | |||||||
Other assets | 682,002 | ||||||||||
- | Net interest income | 234,963 | 234,963 | ||||||||
Total Assets | 18,058,230 | ||||||||||
LIABILITIES | Provision for loan losses | 6,266 | 6,266 | ||||||||
Other Provisions | (70,749) | (70,749) | |||||||||
Deposits | 15,166,203 | Net interest income after | |||||||||
Balances due to Bank of Zambia | 176,133 | ||||||||||
provision for loan losses | 170,480 | 170,480 | |||||||||
Balances to banks and other | |||||||||||
financial institutions in Zambia | 69 | Non-interest income | |||||||||
Balances due to banks and other | Commissions fees and service | ||||||||||
financial institutions abroad | 685,266 | ||||||||||
charges | 39,538 | 39,538 | |||||||||
Bills of exchange | - | ||||||||||
Foreign Exchange | |||||||||||
Interbranch | - | ||||||||||
Fees from foreign exchange | |||||||||||
Other liabilities | 518,171 | transactions | 25,620 | 25,620 | |||||||
Other borrowed funds | 99,200 | Realised trading gains (losses) | 45,869 | 45,869 | |||||||
Shareholders' equity | 1,413,188 | Unrealised gains (losses) from | |||||||||
Total liabilities and shareholders' | foreign exchange holdings | 28,288 | 28,288 | ||||||||
18,058,230 | Other | 20,488 | 20,488 | ||||||||
equity | |||||||||||
Off balance sheet items | Total non-interest income | 159,803 | 159,803 | ||||||||
Contingent liabilities | 544,093 | Net interest and other income | 330,283 | 330,284 | |||||||
Guarantees | 539,393 | ||||||||||
Letters of Credit | 4,700 | Non-interest expenses | |||||||||
Allowances for losses on | Depreciation | (15,516) | (15,516) | ||||||||
acceptances and off balance sheet | Other | (201,395) | (201,395) | ||||||||
items included in other liabilities | 193 | ||||||||||
Other | 472,119 | Total non-interest expenses | (216,911) | (216,911) | |||||||
1,016,405 | |||||||||||
Income (losses) before taxes | |||||||||||
and extraordinary items | 113,372 | 113,373 | |||||||||
Taxation | (34,012) | (34,012) | |||||||||
Income (losses) after taxes | |||||||||||
but before extraordinary | |||||||||||
items | 79,360 | 79,360 | |||||||||
Extraordinary items | - | - | |||||||||
Net income (loss) | 79,360 | 79,360 | |||||||||
STATEMENT OF CAPITAL POSITION | as at 31 Mar 2024 | ||
I PRIMARY (TIER 1) CAPITAL | ZMW'000 | ||
(a) Paid-up common shares | 416,745 | ||
(b) Eligible preferred shares | - | ||
(c) Contributed surplus | 62,312 | ||
(d) Retained earnings | 994,599 | ||
(e) General reserves | - | ||
(f) Statutory reserves | 12,285 | ||
(g) Minority interests (common shareholders' equity) | - | ||
(h) Sub-total | 1,485,941 | ||
LESS: | |||
(i) Goodwill and other intangible assets | 59,636 | ||
(j) Investments in unconsolidated subsidiaries and associates | - | ||
(k) Lending of a capital nature to subsidiaries and associates | - | ||
(l) Holding of other banks' or financial institutions' capital | |||
instruments | - | ||
(m) Assets pledged to secure liabilities | - | ||
(n) Net unrealized gains (losses) on available-for-sale securities | 72,753 | ||
Sub-total (A) (items i to m) | |||
132,389 | |||
OTHER ADJUSTMENTS: | |||
Provisions | - | ||
Assets of little or no realizable value | - | ||
Other adjustments (Prepayments) | - | ||
(n) Sub-total (B) - (Sub-total A above + Other adjustments) | 132,389 | ||
(o) Total primary capital (h - n) | 1,353,552 | ||
II SECONDARY (TIER 2) CAPITAL | |||
(a) Eligible preferred shares (Regulations 13 and 17) | - | ||
(b) Eligible subordinated term debt (Regulation 17 (b)) | 19,840 | ||
(c) Eligible loan stock / capital (Regulation 17(b)) | - | ||
(d) Revaluation reserves (Regulation 17 (a)). Maximum is 40% of | |||
revaluation res. | - | ||
(e) Other (Regulation (17 (c)). Specify | - | ||
(f) Total secondary capital | 19,840 | ||
III | ELIGIBLE SECONDARY CAPITAL | ||
(the maximum amount of secondary capital is limited to 100% of | 19,840 | ||
primary capital) | |||
IV | ELIGIBLE TOTAL CAPITAL (I(o) + III) | (Regulatory capital) | 1,373,392 |
V MINIMUM TOTAL CAPITAL REQUIREMENT: | |||
(Higher of K520m or 10% of total on and off balance sheet | 597,258 | ||
risk-weighted assets as established in the First schedule) | |||
VI | EXCESS (DEFICIENCY) (IV minus V) | 776,134 | |
RISK-WEIGHTED ASSETS | 5,972,580 |
STATEMENT OF LIQUIDITY POSITION | as at 31 Mar 2024 | |
I LIABILITIES TO THE PUBLIC | ZMW'000 | |
1. Demand deposits | 13,071,883 | |
2. Savings deposits | 1,749,131 | |
3. Time deposits | 345,189 | |
4. Bills payable | - | |
Total Deposit Liabilities and bills payable | 15,166,203 | |
II TOTAL DEPOSIT LIABILITIES AND BILLS PAYABLE | ||
AT THE END OF THE PREVIOUS QUARTER | 12,983,130 | |
III LIQUID ASSETS | ||
1. Gold coins and bullion | ||
2. Notes & coins which are legal tender in Zambia | 610,837 | |
3. Balances at Bank of Zambia | ||
(a) Current account | - | |
(b) Statutory deposits account | 3,772,448 | |
(c) OMO deposits | - | |
(d) Other balances | - |
4. Treasury bills issued by the Government of the Republic of Zambia (including those held held as
collateral for the Clearing House) | 956,741 | |
5. | Money at call with any other bank | - |
6. | Bills of exchange and promisory notes eligible | |
for discount at Bank of Zambia | - |
7. Local registered securities which are issued or guaranteed by Government of the Republic of Zambia and which have a final maturity date of not more than six years (at book value) and such other securities as the Minister may have
approved | 416 |
8. Items in transit between banks, between branches of bank and between branches and
head office of bank | - |
Total liquid assets | |
5,340,442 |
IV RATIOS
1. Liquid assets (items 2, 3(a), 3(c)and 4) as a per centage of total deposit liabilities and bills
payable | 10.34% |
2. Total liquid assets as a per centage total deposit | |
liabilities and bills payable | 35.21% |
3. Total liquid assets as a per centage total deposit liabilities and bills payable at the end of the
previous quarter | 43.97% |
Sonny Zulu | Kelvin Bwalya |
Chief Executive Officer | Chief Financial Officer |
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Standard Chartered Bank Zambia plc published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 02:31:04 UTC.