Page 35 - Capricorn IAR 2020
P. 35
2020 INTEGRATED ANNUAL REPORT
Financial highlights
CAM grew assets under management by
14.2% to
N$31.3 billion
while increasing profit after tax by
14.1% Financial lowlights
Entrepo launched a full online loan application process and notwithstanding the COVID-19 impact grew loan and advances by
19%
and profit after tax by
18%
Paratus Namibia invested
N$100 million
in infrastructure and grew profits by
101%
Non-interest income as a percentage of operating income increased to
44.5%
(2019: 40.2%)
Net asset value per share increased by
(2019: 1,136 cents)
COVID-19 measures impacted transaction volumes, interest margins and impairments, while increasing exchange rate related expenses
Reduced interest rates had a
N$98 million
negative impact on operating profit
Lockdown measures impacted transaction volumes leading to a
N$44 million
negative impact on non-interest income
Future looking economic overlay added
N$136 million
to impairment charges Cavmont Bank made a loss of
N$155 million
Capricorn Capital did
not meet growth and contribution expectations
8.5%
to
1,232 cents
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