ngapat wrote:I really don't understand what is ment by 'bank' and 'group' in banks financial statements. can somebody kindly help me understand
The bank results are what the bank generates from operations i.e getting deposits and lending out loans at a profit and other income such as treasury bills, western union, foreign exchange etc etc.
The group is = (bank + subsidiaries)
Let us take the example of coop bank which released their results today. The group includes coop bank and other subsidiaries that are not regulated by CBK for instance Kingdom securities, Coop Consultancy services Ltd etc etc
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