BLC Bank published its unaudited financial statements for the year 2020, reporting a net loss of $18.72 million in comparison with a net loss of $31.85 million in 2019. In details, the bank’s net interest income increased by 67.43% year-on-year to $88.71 million compensating for the 6.95% contraction in net commission & fee income to $16.51 million, and the $20.44 million net loss on financial instruments & other operating income (compared to $2.70 million gain last year), with provisions for expected credit losses standing almost stable at $35.34 million. As a result, the bank’s net financial revenues after impairment increased by 31.78% to $49.44 million. On the balance sheet front, BLC Bank’s total assets contracted by 11.41% y-o-y in 2020 to around $3.94 billion. This owes to the 33.72% drop in net loans and advances to just above $0.91 billion overshadowing the 14.20% increase in cash and placements with Central Banks to around $1.48 billion. On the funding side, customer deposits at BLC Bank fell by 12.73% in 2020 to $3.07 billion. In this vein, the ratio of net loans to customer deposits receded to 29.62% at end of year 2020, compared to 39.01% at end of year 2019. On the capitalization front, the bank’s shareholders’ equity rose by 6.11% to $520 million by end of year 2020, owing to some $45.96 million in cash contribution to capital.