National Bank of Malawi plc (MAL: NBM)

National Bank of Malawi Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	80,559	322,852	283,254	153,042	98,022	67,656
Investment Securities	743,662	381,517	347,043	312,712	187,068	138,859
Trading Asset Securities	-	9,803	6,892	5,357	4,744	-
Total Investments	743,662	391,320	353,935	318,069	191,812	138,859
Gross Loans	460,216	432,702	328,733	256,148	215,892	205,124
Allowance for Loan Losses	-	-12,663	-8,510	-8,697	-10,219	-11,622
Other Adjustments to Gross Loans	-	-14,179	-9,783	-6,567	-5,503	-5,178
Net Loans	460,216	405,860	310,440	240,884	200,170	188,324
Property, Plant & Equipment	62,278	60,745	49,882	46,340	37,408	35,376
Goodwill	4,717	3,959	3,959	3,959	3,959	3,959
Other Intangible Assets	14,750	12,033	9,496	9,424	10,047	10,274
Other Receivables	2	15,743	334	2,356	2,755	958
Restricted Cash	-	40,616	34,188	9,774	15,813	1,512
Other Current Assets	-	6,401	5,098	3,449	2,586	2,118
Long-Term Deferred Tax Assets	4,753	2,203	11,785	11,137	8,706	7,861
Other Long-Term Assets	45,267	10,264	10,978	4,476	1,415	2,259
Total Assets	1,416,204	1,271,996	1,073,349	802,910	572,693	459,156
Accounts Payable	-	5,398	3,846	3,713	3,536	2,297
Accrued Expenses	-	11,067	8,583	7,426	4,644	4,137
Interest Bearing Deposits	1,067,670	701,031	548,660	350,797	249,786	177,592
Non-Interest Bearing Deposits	-	268,382	260,902	207,448	153,917	140,878
Total Deposits	1,067,670	969,413	809,562	558,245	403,703	318,470
Short-Term Borrowings	-	13,982	35,640	51,677	12,557	652
Current Portion of Long-Term Debt	-	6,552	5,968	4,066	3,908	3,623
Current Portion of Leases	-	578	3,113	2,395	893	934
Current Income Taxes Payable	17,428	19,008	7,712	4,901	4,306	3,501
Other Current Liabilities	-	10,343	8,716	7,136	5,344	6,285
Long-Term Debt	9,177	5,895	5,140	6,530	9,805	12,712
Long-Term Leases	4,960	4,649	3,736	5,505	2,265	2,617
Long-Term Unearned Revenue	-	2,359	2,126	1,600	675	535
Long-Term Deferred Tax Liabilities	5,070	5,067	2	-	-	5
Other Long-Term Liabilities	72,345	9,911	5,381	3,547	3,139	2,528
Total Liabilities	1,176,650	1,064,222	899,525	656,741	454,775	358,296
Common Stock	237,616	467	467	467	467	467
Additional Paid-In Capital	-	613	613	613	613	613
Retained Earnings	-	169,671	133,036	111,264	91,575	77,287
Comprehensive Income & Other	-	35,724	38,064	30,614	25,150	22,395
Total Common Equity	237,616	206,475	172,180	142,958	117,805	100,762
Minority Interest	1,938	1,299	1,644	3,211	113	98
Shareholders' Equity	239,554	207,774	173,824	146,169	117,918	100,860
Total Liabilities & Equity	1,416,204	1,271,996	1,073,349	802,910	572,693	459,156
Total Debt	14,137	31,656	53,597	70,173	29,428	20,538
Net Cash (Debt)	235,204	300,999	236,549	88,226	73,338	47,118
Net Cash Growth	69.75%	27.25%	168.12%	20.30%	55.65%	-16.70%
Net Cash Per Share	503.65	644.54	506.53	188.92	157.04	100.90
Filing Date Shares Outstanding	467	466.93	466.93	466.93	466.93	466.93
Total Common Shares Outstanding	467	466.93	466.93	466.93	466.93	466.93
Book Value Per Share	508.81	442.20	368.75	306.16	252.30	215.80
Tangible Book Value	218,149	190,483	158,725	129,575	103,799	86,529
Tangible Book Value Per Share	467.13	407.95	339.93	277.50	222.30	185.31

Source: S&P Capital IQ. Banks template. Financial Sources.