Our Presence

(expressed in millions of LBP )

	12/31/2017	12/31/2016
ASSETS
Cash and balances with Central Banks	303,721	345,267
Due from banks and financial institutions	14,178	22,499
Due from head office, sister, and subsidiary companies	1,630,943	1,381,158
Loans to banks and financial institutions and reverse repurchase agreements	-	-
Financial assets given as collateral	-	-
Derivative financial instruments	555	1,829
Financial assets at fair value through profit and loss	3,696	3,288
Debt instruments and other similar financial assets at fair value through profit and loss	-	-
Of which: Net advances and loans at fair value through profit and loss	-	-
Net loans and advances to customers at amortized cost (1)	218,345	201,592
Net loans and advances to related parties at amortized cost (2)	4,891	9,563
Debtors by acceptances	-	-
Financial assets at amortized cost (3)	63,869	3,674
Financial assets at fair value through other comprehensive income	43,780	47,456
Investments in subsidiaries and associates	6,345	19,450
Non current assets held for sale	3,534	3,650
Property and equipment	1,111	1,329
Intangible assets	1,162	1,403
Other assets	16,476	12,313
Goodwill	-	-
Total Assets	2,312,606	2,054,469
LIABILITIES
Due to Central Banks	-	-
Due to banks and financial institutions and repurchase agreement	1,758	328
Due to head office, sister, related banks and financial institutions	42,644	1,063
Financial assets taken as a guarantee	-	-
Derivative financial instruments	193	538
Financial liabilities at fair value through profit and loss	-	-
Of which: deposits at fair value through profit and loss	-	-
Customers' deposits at amortised cost	1,998,192	1,753,952
Deposits from related parties at amortized cost	17,459	17,615
Debt issued and other borrowed funds	-	-
Engagements by acceptances	-	-
Other liabilities	32,574	35,878
Provisions for risks and charges	7,640	8,025
Subordinated loans and similar debts	-	-
Non current liabilities held for sale	-	-
Total Liabilities	2,100,460	1,816,871
Shareholders' Equity - Group Share
Capital - Common shares	40,000	40,000
Capital - Preferred shares	-	-
Issue premium - Common shares	-	-
Issue premium - Preferred shares	-	-
Subsidiary shares warrants	-	-
Share Capital and Cash contribution to capital	-	-
Non distributable reserves	127,050	111,054
Distributable reserves	36	47,231
Treasury shares	-	-
Retained earnings	2,830	21,073
Proposed dividends	-	-
Revaluation reserve of real estate	-	-
Reserve on revaluation of financial assets at fair value through other comprehensive income	(27,642)	(25,617)
Remeasurement actuarial (gain)/Loss on defined benefit plan	(1,246)	27
Share of associates' other comprehensive income under equity method	-	-
Foreign currency translation reserve	-	-
Net (loss) gain on hedge of net investments in foreign entities	-	-
Result of the current Period	71,119	43,832/td>
Shareholders' Equity - Group Share	212,146	237,598
Non Controlling Interest	-	-
Total Shareholder's Equity	-	-
Total Liabilities and Equity	2,312,606	2,054,469

(1) After deduction of provisions amounting to LBP 27,235 million from loans and advances to customers as per IAS 39, of which LBP 2,300 million representing provisions on collective assessment .

(2) Loans granted to related parties against cash collateral amounted to LBP 4.891 million.

(3) Includes an amount of LBP (million) 63.869 representing Lebanese Eurobonds

(expressed in millions of LBP )

	12/31/2017	12/31/2016
Financing commitments	-	-
Financing commitments given to banks and financial institutions	-	-
Financing commitments given to customers	55,647	50,205
Bank guarantees	-	-
Guarantees given to to banks and financial institutions	516	14,430
Of which: credit derivatives	-	-
Guarantees received from banks and financial institutions	-	-
Of which: credit derivatives	-	-
Guarantees given to customers	6,283	22,139
Guarantees received from customers	482,993	448,932
Financial notes commitments	-	-
Financial notes commitments to be received	-	-
Of which: financial instruments sold with a buy back option	-	-
Financial notes commitments to be delivered	-	-
Of which: financial instruments purchased with a buy back option	-	-
Foreign currencies forwards	-	-
Foreign currencies to receive	40,142	139,228
Foreign currencies to deliver	39,996	138,153
Commitments on term financial instruments	39,996	23,222
Other Commitments	199	45
Claims from legal cases	-	-
Fiduciary accounts	1,387,200	2,164,240
Under specific instructions	1,387,200	2,164,240
Under discretionary investments	-	-
Assets under management	2,415,236	2,067,827
Mutual funds	-	-
Structured financial products	-	-
Engagement unlikely to be executed	-	-
Bad debts written off during the year	545	13,478

(expressed in millions of LBP )

	12/31/2017	12/31/2016
Interest & similar income	100,633	90,924
Interest & similar expense	(51,240)	(45,058)
Net Interest margin	49,393	45,866
Fee & commission income	32,076	23,276
Fee & commission expense	(1,554)	(1,220)
Net Fee & Commission Income	30,522	22,056
Net gain on financial assets or liabilities at fair value through profit and loss	1,647	2,158
Of which: Interest income	-	-
Net gain on financial investments	30,630	432
Other operating Income	1,561	530
Total operating income	113,753	71,042
Net provisions for credit losses	2,165	9,200
Credit losses related to debt instruments classified at amortized cost	-	-
Provisions for doubtful accounts	-	(4,341)
Recoveries of provisions for doubtful accounts	2,165	13,541
Impairement on related financial investments	-	(283)
Net Operating income	115,918	79,959
Personnel expenses	(22,704)	(17,968)
Other operating expenses	(9,151)	(8,982)
Depreciation of property & equipment	(437)	(425)
Amortization of intangible assets	(519)	(515)
Impairment of goodwill	-	-
Total Operating Expenses	(32,811)	(27,891)
Operating Profit	83,107	52,069
Share of profit of associates under equity method	-	-
Net gain (loss) on sale or disposal of other asset	-	-
Profits Before Tax	83,107	52,069
Income tax	(11,988)	(8,237)
Profits After Tax	71,119	43,832
Result of discontinued operations, net of tax	-	-
Profit for the current period	71,119	43,832
Minority Share Profit for the current period	-	-
Group Share Profit for the current period	-	-
Basic earnings per share LBP	-	-
Diluted earnings per share LBP	-	-
Basic earnings per share from continuing operations LBP	-	-
Diluted earnings per share from continuing operations LBP	-	-