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Business Model and Performance 2022

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

     Risk-weighted assets are used to determine the minimum amount of capital that must be held by banks and other financial institutions in order to reduce the risk of insolvency. The capital requirement is based on a risk assessment for each type of bank asset.

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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, 2021 and 2022

Please refer to the attached file.
Queenbank Financial Statements December 31, 2021 and 2022



QUEENBANK'S REAL & OTHER PROPERTIES ACQUIRED

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



QUEENBANK'S PUBLISHED BALANCE SHEET

Please refer to the attached file.
Published Balance Sheet as of December 31, 2023