Thursday 24th October, 2019

Bank of Nevis International Ltd
P. O. Box 450
Main Street
Charlestown
Nevis

Tel: 1 (869) 469.0080 / 0448 / 1153
Fax: 1 (869) 469.5798

Our financial statements are prepared on a consolidated basis with those of our parent, The Bank of Nevis Limited. The information detailed below has been extracted from the consolidated financial statements for the financial periods 2010 to 2013.

A copy of our parent’s consolidated financial statements can be obtained by accessing their web site: http://www.thebankofnevis.com/about-us/shareholder-centre

Financial Highlights

(Expressed in United States Dollars)

  2013 2012 2011 2010
  (000) (000) (000) (000)
Total assets 47,288 45,054 43,371 44,540
Due from banks and other financial institutions 19,604 16,735 16,789 20,839
Investment securities 21,617 21,149 20,985 19,655
Loans and advances 5,839 6,824 5,271 3,726
Customers' deposits 42,512 39,229 33,243 35,079
Paid-up share capital 371 371 371 371
Shareholders' equity 4,413 2,397 3,053 3,268
Gross operating income 3,339 2,306 2,799 2,837
Total expenses & provisions (excl. tax) 1,393 2,784 1,519 2,113
Interest income 2,383 1,796 2,056 2,354
Interest expense 596 712 729 716
Staff costs 152 278 268 301
Operating income / (loss) before tax 1,946 (479) 1,280 724
Income tax expense 31 - 8 -
Net profit / (loss) 1,915 (479) 1,272 727
Earnings per share ($) 19.15 (4.79) 12.72 7.27
Return on average assets (%) 4.15 (1.07) 2.88 1.65
Return on average equity (%) 56.25 (15.03) 37.46 27.67