CONSOLIDATED STATEMENT OF FINANCIAL POSITION

CONSOLIDATED STATEMENT OF Bank of St. Vincent and the Grenadines Ltd. FINANCIAL POSITION Consolidated Statement of Financial Position As at 31 December 2020 As at 31 December 2020 (Expressed in Eastern Caribbean dollars) (Expressed in Eastern Caribbean dollars)

Notes 2020 2019 $ $

Assets

Cash and balances with Eastern Caribbean Central Bank 5 149,711,324 157,771,167 Deposits with other banks 6 219,184,382 203,656,459 Treasury bills 7 9,998,875 10,261,848 Investment securities 8 120,657,229 80,662,829 Loans and advances to customers 9 641,064,848 603,116,302 Investment security at amortised cost 11 3,569,700 4,177,759 Investment properties 12 2,412,000 2,232,000 Property and equipment 13 55,351,332 54,437,514 Deferred tax asset 15 3,772,347 2,886,326 Other assets 16 8,861,265 7,405,798

Total Assets

1,214,583,302 1,126,608,002

Liabilities

Deposits due to banks

17 21,196,247 19,274,459 Due to customers 18 990,312,696 910,319,763 Corporation tax payable 2,910,516 1,100,641 Borrowings 19 28,277,449 33,577,708 Provisions and other liabilities 20 38,107,806 36,962,244

Total Liabilities

1,080,804,714 1,001,234,815

Equity

Share capital Statutory reserves General provision reserves

21 20,753,306 20,753,306 22 20,753,306 20,753,306 23 4,907,450 4,542,702 Unrealised gain/(loss) on investments 11,792,233 (41,461) Retained earnings 75,572,293 79,365,334 Total Equity 133,778,588 125,373,187 Total Liabilities and Equity 1,214,583,302 1,126,608,002

Approved by the Board of Directors on June 11, 2021.

Director Di irec e t tor

The accompanying notes form an integral part of these consolidated financial statements. Director Di Dire t cto or