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Business Model and Performance 2021

Financial
     Queen City Development Bank maintains a strong balance sheet, and we continue to grow and optimize our deposit and loan portfolio.

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     Queenbank provides financial services to individuals, corporations and small and medium entrepreneurs. We offer a wide range of traditional products and services such as retail banking, consumption, agricultural, auto, housing, multi-purpose loan and others.



Network of Branches

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Human Resource

     Queenbank is manned by capable and qualified employees having a total workforce of 119 as of the year ended December 31, 2021. Queenbank invests in our employees by providing regular training to foster their knowledge and career advancement.



Gross Revenue

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OTHER FINANCIAL HIGHLIGHTS

Risk-weighted Assets

     Transferring its Time Deposit placements with private universal banks to Government Securities is a strategic move by the bank to reduce its risk- weighted assets thereby improving its Capital to Risk Assets Ratio (CAR).

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Total Qualifying Capital

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Total Capital Adequacy Ratio

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Tier 1 Capital Adequacy Ratio

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Minimum Liquidity Ratio

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FINANCIAL STATEMENTS DECEMBER 31, 2020 and 2021

Please refer to the attached file.
Queenbank Financial Statements December 31, 2020 and 2021



QUEENBANK'S REAL & OTHER PROPERTIES ACQUIRED

Please refer to the attached file.
Queenbank's List of Acquired Assets for Sale