BNCTL Annual Report 2019

  • Employees                        315

  • Branches                           24

  • ATMs                                  29

  • POS                                    45

  •           Deposit Customers          311K               

  •         Deposit                              $.124M+

  • Loan Customers               21K

  •     Loan                                  $.87M+

  •     Assets                               $.179M+

  • 2019 Gwoth                       9.93%

The commercial bank of Timor-Leste.

The Government of Timor-Leste is the only shareholder of Banco Nacional De Comércio De Timor-Leste (BNCTL) and mandates BNCTL to operate commercially and to cater for Timorese individuals, and micro, small and medium enterprises in both urban and rural areas.

While the bank embarks on commercial lending, BNCTL continues to adopt aspects of the Grameen Bank’s business model, particularly in its microfinance loans taking into account the population density, terrain, culture, customs and social relationship, nature of business within recipient communities

As endorsed by the Council of Ministers, BNCTL strategically positions itself to empower both women and men in low income categories while promoting private sector involvement in agriculture, livestock, tourism and infrastructure industries as aligned with the strategic goals of the Government of Timor-Leste.

BNCTL plays the primary role in easing access to finance for Timorese people. BNCTL has the highest Loan to Deposit ratio amongst the banks in Timor-Leste and makes the deposited funds available locally for Timorese people instead of taking the Timorese deposits for use in different countries.




Table Of Contents

01 Message from BNCTL Chairman

Message to the Shareholder from BNCTL Chairman. 01

A brief for shareholders and investors.

02 Message from BNCTL CEO

Summary of achievements and performance of BNCTL in 2019. 03

An Executive Summary of Performance.

03 Meet the New Board

A brief Introduction of BNCTL’s. New Board of Directors. 06

Profile of BNCTL Board Members

09 BNCTL History

Timeline of Events. 07

Vision & Mission. 08

05 Strategy

Strategy of the Bank. 09

Core Values 11

Synopsis of progress against 5- year plan

06 Products and Service

Offerings 12

A brief on banks products and services

07 2019 Performance

Performance Analysis 17

Dividend Policy 23

Service Performance 24

Compliance with applicable laws 24

08 Goals for 2020 and Beyond

Strategic goals for 2020 & Targets 25

Medium and Long-term goals 30

Business Environment Assessment 32

09 Financial Reports

Statement of Financial Position Trend and 2020 Budget 34

Statement of Profit and Loss Trend and 2020 budget 35

10 Financial Forecast

Statement of Financial Position – Forecast for 2021 and 2022. 36

Statement of Profit & Loss Forecast for 2021 and 2022. 36