CONSOLIDATED BALANCE SHEET

Transcription

1 CONSOLIDATED BALANCE SHEET ASSETS (In millions of LBP) 1. Cash and Central bank 1,297,312 1,478,094 1,611, Lebanese Treasury bills and other government securities 1,892,237 1,490,242 1,318, Bonds and other fixed income securities 106, ,500 94, Marketable securities and other variable income instruments 22,392 23,003 18, Banks and financial institutions 614, , ,895 - Current and sight accounts 90,002 62,698 52,831 - Loans and time deposits 524, , ,064 - Securities purchased under resale agreements Head office, branches, parent company, foreign sister financial inst. & subs Current accounts Time deposits Loans and advances to customers (Net) 973, , ,526 - Commercial loans (*) 924, , ,173 - Other loans to customers Current overdraft accounts 3,279 2,449 2,312 - Net debtor accounts against creditor accounts and cash collateral Loans and advances to related parties (article 152 of CMC) 1,386 1,501 1,678 - Net doubtful loans (**) 43,776 55,589 45, Debtors by acceptances 18,159 27,521 23, Investment securities including investments in unconsolidated subsidiaries 398 2, Investment in companies carried under the equity method 6,983 6,442 6,797 - Non-financial 5,938 5,387 5,771 - Financial 1,045 1,055 1, Tangible fixed assets (incl. revaluation surplus approved by the Central Bank) 106, , , Intangible assets 2,509 2,620 1, Other assets 6,439 6,396 6, Regularization accounts and other miscellaneous debtor accounts 38,943 23,817 36, Revaluation surplus on other fixed assets 56,137 56,137 56, Goodwill TOTAL ASSETS * 5,142,562 4,773,222 4,494,503 (*) Commercial loans include: - Sub-standard loans 54,761 47,794 42,122 - Unrealized interest on sub-standard loans (9,656) (8,495) (7,913) Net Sub-Standard Loans 45,105 39,299 34,209 (**) Doubtful loans are shown after deduction of : - Provisions for doubtful debts 64,418 57,458 60,085 - Unrealized interest 62,254 58,177 51,797 Total Provisions 126, , ,882 Page 1 of 6 FC 100 R0/

2 CONSOLIDATED BALANCE SHEET (continued) LIABILITIES & SHAREHOLDERS' EQUITY (In millions of LBP) 1. Central bank Banks and financial institutions 45,374 55,524 30,500 - Current and sight accounts 16,323 14,486 11,979 - Time deposits and borrowings 29,051 41,038 18,521 - Securities sold under repurchase agreements Head office, branches, parent company, foreign sister financial inst. & subs Current and sight accounts Time deposits and borrowings Customers creditor accounts 4,238,815 4,026,105 3,775,158 - Current and sight deposits 463, , ,102 - Time deposits 930, , ,130 - Savings accounts 2,845,438 2,666,864 2,565,899 - Net creditor accounts against debtor accounts Related parties accounts Engagements by acceptances 18,159 27,521 23, Liabilities under financial instruments 185, , ,418 - Certificates of deposit 185, , ,418 - Debenture bonds Other liabilities under financial instruments Other liabilities 43,909 38,726 21, Regularization accounts and other creditor accounts 19,588 6,096 21, Provisions for contingencies and charges 26,859 26,548 29, Subordinated loans (or notes) Revaluation surplus accepted as supplementary capital 7,828 7,828 7, Premium on issuance of preferred shares 59,375 59,375 59, Share capital 250,000 96,000 96, Reserves for general banking risks 18,272 15,716 15, Reserves and premiums (and equity differences ) 135, , ,228 - Group share 128, , ,731 - Minority interests 6,609 5,690 6, Unrealized profits (losses) (924) 1, Profits carried forward 6,157 3,898 6,244 - Group share 6,340 4,104 6,424 - Minority interests (183) (206) (180) 18. Net profit for the year 24,789 34,932 21,408 - Group share 24,330 33,562 21,167 - Minority interests 459 1, Revaluation surplus on other fixed assets 63,965 63,965 63,965 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 5,142,562 4,773,222 4,494,503 Page 2 of 6 FC 100 R0/

3 - - - CONTRA ACCOUNTS (In millions of LBP) Engagements & Commitments Received (Asset side) 1. Financing engagements received from financial intermediaries Engagements by signature received from financial intermediaries 2,078 2,294 1, Securities sold under repurchase agreements Other commitments received 1,729,590 1,620,948 1,533,999 Engagements & Commitments Issued (Liability side) 1. Financing commitments issued 285, , ,170 - To financial intermediaries 1,997 2,436 2,463 - To customers 283, , , Commitments and contingencies issued 31,202 33,539 44,306 - To financial intermediaries To customers 31,202 33,539 44, Securities purchased under resale agreements Other engagements issued Engagements on term financial instruments Fiduciary accounts and funds under management Fiduciary accounts Page 3 of 6 FC 100 R0/

4 INCOME STATEMENT (In millions of LBP) ( 6 months) ( 12 months) ( 6 months) 1. Total interest received and similar income 175, , ,381 - Interest received on Lebanese Treasury bills 71, ,123 53,554 - Interest received on deposits and similar accounts with banks and financial institutions 61, ,149 49,155 - Interest received on deposits in head office, branches, parent company, foreign sister financial institutions and subsidiaries - Interest received from bonds and other fixed income instruments 3,644 5,989 2,780 - Interest received from loans and advances to customers 36,685 69,295 34,123 - Interest received from loans and advances to related parties 958 1, Interest received from leasing activities Other interest received and similar income 980 2,887 2, Total interest paid and similar charges (122,691) (211,696) (100,578) - Interest paid on deposits and similar accounts from banks & financial institutions (1,155) (1,531) (669) - Interest paid on deposits from head office, branches, parent company, foreign sister financial institutions and subsidiaries Interest paid on deposits from customers and other creditor accounts (115,404) (197,890) (92,400) - Interest paid on deposits from related parties Interest paid on cash contribution to capital and subordinated loans (or notes) Interest paid on certificates of deposit (6,067) (12,119) (7,055) - Interest paid on bonds and financial fixed income instruments Interest paid on leasing activities Other interest paid and similar charges (65) (156) (454) 3. Net allocation to provisions for doubtful debts (1,768) (9,722) (2,173) - Provisions for loans and advances (5,152) (12,631) (3,625) - Provisions written back on loans and advances 3,384 2,909 1, NET INTEREST INCOME (1-2-3) 50,574 83,287 40, Income from marketable securities & other variable income instruments 704 1, Net commissions received 10,361 19,138 9,543 - Commissions received 10,965 20,992 10,149 - Commissions paid (604) (1,854) (606) 7. Profit on financial operations 6,536 16,507 11,659 - Net profit from operations on transaction securities 4,636 9,218 5,885 - Net profit from operations on financial assets - 4,038 4,038 - Net profit from foreign exchange operations 1,900 3,251 1,736 - Net profit from operations on financial instruments Loss on financial operations (1,415) (707) (343) - Net loss from operations on transaction securities (1,383) (505) (279) - Net loss from operations on financial assets Net loss from foreign exchange operations (32) (202) (64) - Net loss from operations on financial instruments Net income on financial operations (7-8) 5,121 15,800 11, Other operating income 14,273 22,560 11, Other operating charges (11,170) (15,779) (10,049) 12. NET FINANCIAL INCOME ( ) 69, ,392 63,063 Page 4 of 6 FC 100 R0/

5 INCOME STATEMENT (continued) (In millions of LBP) ( 6 months) ( 12 months) ( 6 months) 13. General operating expenses (37,950) (75,931) (33,069) - Staff expenses (24,528) (48,271) (21,182) - Other operating and administrative expenses (13,422) (27,660) (11,887) 14. Amortization and depreciation of tangible and intangible assets (4,700) (9,509) (5,054) 15. Net allocation to provisions and recoveries on financial assets (202) (82) (669) 16. Net allocation to provisions and recoveries on off-balance sheet commitments NET OPERATING INCOME (before tax) ( ) 27,011 40,870 24, Net extraordinary results Exceptional income Exceptional expenses (21) (680) (16) 19. Income tax (3,719) (7,202) (3,885) 20. Share in net income of companies accounted for under the equity method 772 1, Non-financial institutions Financial institutions NET PROFIT FOR THE YEAR 24,789 34,932 21,408 - Group share 24,330 33,562 21,167 - Minority interests 459 1, Page 5 of 6 FC 100 R0/

6 General Information Exchange Rate of 1 US Dollar (in LBP) 1, , , Balance Sheet Data (in millions of US Dollars) Total Assets $ 3, $ 3, $ 2, Total Customer Deposits (excluding Certificates of Deposit) $ 2, $ 2, $ 2, Total Loans and Advances $ $ $ Total Shareholders' Equity (excluding profits for the year) $ $ $ Earnings Data (in millions of US Dollars) Net Interest Income $ $ $ Non-Interest Income $ $ $ Net Financial Income $ $ $ Net Profit for the Year $ $ $ Liquidity Ratio 86% 83% 83% BIS Capital Adequacy Ratio (excluding profits for the current year) 35.29% 25.12% 25.29% Number of Common Shares Outstanding 23,400,000 3,200,000,000 3,200,000,000 Number of Branches For further information, please contact: Mr. Elie ABIMRAD, Group Financial Controller Phone & Fax: & eabimrad@creditlibanais.com.lb Page 6 of 6 FC 100 R0/