National Bank of Malawi plc (MAL:NBM)

National Bank of Malawi Income Statement

Financials in millions MWK. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	236,516	158,129	111,984	79,476	55,253
Interest Income on Investments	-	323	202	175	33
Total Interest Income	236,516	158,452	112,186	79,651	55,286
Interest Paid on Deposits	36,851	26,683	13,111	7,778	5,314
Net Interest Income	199,665	131,769	99,075	71,873	49,972
Net Interest Income Growth (YoY)	51.53%	33.00%	37.85%	43.83%	8.86%
Income From Trading Activities	-	-	-	-	343
Gain (Loss) on Sale of Assets	-	207	1	41	20
Gain (Loss) on Sale of Equity Investments	-	-26	-1,042	313	-85
Other Non-Interest Income	114,582	83,679	45,978	41,583	28,388
Total Non-Interest Income	114,582	83,860	44,937	41,937	28,666
Non-Interest Income Growth (YoY)	36.63%	86.62%	7.15%	46.29%	17.11%
Revenues Before Loan Losses	314,247	215,629	144,012	113,810	78,638
Provision for Loan Losses	12,663	7,245	3,995	2,499	2,444
Revenue	301,584	208,384	140,017	111,311	76,194
Revenue Growth (YoY)	44.73%	48.83%	25.79%	46.09%	15.50%
Salaries and Employee Benefits	-	42,303	34,059	30,026	20,711
Occupancy Expenses	-	5,735	4,502	-	-
Other Non-Interest Expense	134,437	40,340	32,182	30,997	22,584
Total Non-Interest Expense	134,437	88,378	70,743	61,023	43,295
EBT Excluding Unusual Items	167,147	120,006	69,274	50,288	32,899
Asset Writedown	-	123	89	22	-91
Other Unusual Items	-	-	-	278	-
Pretax Income	167,147	120,129	69,363	50,588	32,808
Income Tax Expense	65,437	48,170	23,419	16,378	10,359
Earnings From Continuing Operations	101,710	71,959	45,944	34,210	22,449
Minority Interest in Earnings	573	286	1,530	718	-43
Net Income	102,283	72,245	47,474	34,928	22,406
Net Income to Common	102,283	72,245	47,474	34,928	22,406
Net Income Growth	41.58%	52.18%	35.92%	55.89%	30.98%
Basic Shares Outstanding	467	467	467	467	467
Diluted Shares Outstanding	467	467	467	467	467
EPS (Basic)	219.02	154.70	101.66	74.79	47.98
EPS (Diluted)	219.02	154.70	101.66	74.79	47.98
EPS Growth	41.58%	52.18%	35.92%	55.88%	30.98%
Dividend Per Share	-	102.860	70.670	49.260	27.840
Dividend Growth	-	45.55%	43.46%	76.94%	56.58%
Effective Tax Rate	39.15%	40.10%	33.76%	32.38%	31.57%

Updated Aug 14, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.