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NPF MICROFINANCE BANK : QUARTER 1 - FINANCIAL STATEMENT FOR 2025
NPF MICROFINANCE BANK : QUARTER 1 - FINANCIAL STATEMENT FOR
About this update from Npf Microfinance Bank Plc
[{"type":"text","content":"\n \n NPF MICROFINANCE BANK PLC\n \n \n RC. 220824\n \n \n \n FIRST QUARTER UNAUDITED MANAGEMENT ACCOUNT 31 MARCH 2025\n \n NPF Microfinance Bank PLC\n \n \n Monthly Report - 28 March 2025\n \n \n STATEMENT OF FINANCIAL POSITION\n \n \n AS AT 28 MARCH 2025\n \n \n \n In thousands of naira\n \n \n \n Note\n \n \n \n 28-Mar-2025\n \n \n \n 31-Mar-2024\n \n \n ASSETS\n \n \n Cash and cash equivalents\n \n \n 16\n \n \n 29,462,690\n \n \n 20,572,824\n \n \n Investment securities\n \n \n 19\n \n \n 3,583,663\n \n \n 1,378,877\n \n \n Loans and advances to customers\n \n \n 18\n \n \n 29,275,170\n \n \n 21,496,005\n \n \n Pledged assets\n \n \n 17\n \n \n 2,841,648\n \n \n 2,763,307\n \n \n Other assets\n \n \n 20\n \n \n 950,236\n \n \n 807,848\n \n \n Property and equipment\n \n \n 21\n \n \n 1,639,231\n \n \n 1,498,476\n \n \n Intangible asset\n \n \n 22\n \n \n 872\n \n \n 171\n \n \n TOTAL ASSETS\n \n \n 67,753,510\n \n \n 48,517,508\n \n \n \n LIABILITIES\n \n \n Deposits from customers\n \n \n 23\n \n \n 44,986,055\n \n \n 27,905,411\n \n \n Current tax liabilities\n \n \n 15(b)\n \n \n 1,403,876\n \n \n 196,730\n \n \n Other liabilities\n \n \n 25\n \n \n 9,028,504\n \n \n 5,429,256\n \n \n Borrowings\n \n \n 24\n \n \n 382,991\n \n \n 1,672,543\n \n \n Deferred tax liabilities\n \n \n 15(c)\n \n \n 66,638\n \n \n 124,730\n \n \n TOTAL LIABILITIES\n \n \n 55,868,063\n \n \n 35,328,670\n \n \n \n CAPITAL AND RESERVES\n \n \n Share capital\n \n \n 26\n \n \n 2,996,477\n \n \n 2,996,477\n \n \n Share premium\n \n \n 27(a)\n \n \n 4,166,786\n \n \n 4,166,786\n \n \n Retained earnings\n \n \n 27(b)\n \n \n 2,353,000\n \n \n 3,791,809\n \n \n Fair value reserve\n \n \n 27(c)\n \n \n (13,147)\n \n \n 21,288\n \n \n Statutory reserve\n \n \n 27(d)\n \n \n 2,382,331\n \n \n 1,733,915\n \n \n Regulatory risk reserve\n \n \n 27(e)\n \n \n -\n \n \n 478,563\n \n \n TOTAL EQUITY\n \n \n 11,885,447\n \n \n 13,188,838\n \n \n TOTAL LIABILITIES AND EQUITY\n \n \n 67,753,510\n \n \n 48,517,508\n \n ______________________\n Approved by:\n Mrs. Olamide M. Akin-Balogun, FCA\n \n \n Chief Financial Officer FRC/2015/ICAN/00000011044\n \n \n \n The accompanying notes are an integral part of these financial statements.\n \n \n \n STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME\n \n \n FOR THE PERIOD ENDED 28 MARCH 2025\n \n In thousands of...