Our Presence

(expressed in millions of LBP )

	12/31/2018	12/31/2017
ASSETS
Cash and balances with Central Banks	270,778	303,721
Due from banks and financial institutions	27,287	14,178
Due from head office, sister, and subsidiary companies	1,585,236	1,630,943
Loans to banks and financial institutions and reverse repurchase agreements	-	-
Financial assets given as collateral	-	-
Derivative financial instruments	1,140	555
Financial assets at fair value through profit and loss	1,694	3,696
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)	175,916	218,345
Net loans and advances to related parties at amortized cost (2)	5,243	4,891
Debtors by acceptances	-	-
Financial assets at amortized cost (3)	63,353	63,869
Financial assets at fair value through other comprehensive income	378	43,780
Investments in subsidiaries and associates	-	6,345
Non current assets held for sale	3,534	3,534
Property and equipment	1,254	1,111
Intangible assets	1,579	1,162
Other assets	15,102	16,476
Goodwill	-	-
Total Assets	2,152,494	2,312,606
LIABILITIES
Due to Central Banks	-	-
Due to banks and financial institutions and repurchase agreement	1,160	1,758
Due to head office, sister, related banks and financial institutions	43,385	42,644
Financial assets taken as a guarantee	-	-
Derivative financial instruments	725	193
Financial liabilities at fair value through profit and loss	-	-
Of which: deposits at fair value through profit and loss	-	-
Customers' deposits at amortised cost	1,833,668	1,998,192
Deposits from related parties at amortized cost	15,150	17,459
Debt issued and other borrowed funds	-	-
Engagements by acceptances	-	-
Other liabilities	27,757	32,574
Provisions for risks and charges	7,461	7,640
Subordinated loans and similar debts	-	-
Non current liabilities held for sale	-	-
Total Liabilities	1,929,306	2,100,460
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	139,788	127,050
Distributable reserves	37	36
Treasury shares	-	-
Retained earnings	(26,570)	2,830
Proposed dividends	-	-
Revaluation reserve of real estate	-	-
Reserve on revaluation of financial assets at fair value through other comprehensive income	259	(27,642)
Remeasurement actuarial (gain)/Loss on defined benefit plan	(1,631)	(1,246)
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	71,305	71,118
Shareholders' Equity - Group Share	223,188	212,146
Non Controlling Interest	-	-
Total Shareholder's Equity	-	-
Total Liabilities and Equity	2,152,494	2,312,606

(1) After deduction of provisions amounting to LBP 1,304 million from loans and advances to customers as per IFRS 9, of which LBP 606 million representing provisions on collective assessment.

(2) Loans granted to related parties against cash collateral amounted to LBP 5.243 million.

(3) Includes an amount of LBP (million) 63.353 representing Lebanese Eurobonds

(expressed in millions of LBP )

	12/31/2018	12/31/2017
Financing commitments	-	-
Financing commitments given to banks and financial institutions	-	-
Financing commitments given to customers	58,519	55,647
Bank guarantees	-	-
Guarantees given to to banks and financial institutions	516	516
Of which: credit derivatives	-	-
Guarantees received from banks and financial institutions	-	-
Of which: credit derivatives	-	-
Guarantees given to customers	6,303	6,283
Guarantees received from customers	368,964	482,993
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	366,818	40,142
Foreign currencies to deliver	366,619	39,996
Commitments on term financial instruments	13,193	9,568
Other Commitments	152	199
Claims from legal cases	-	-
Fiduciary accounts	1,250,950	1,387,200
Under specific instructions	1,250,950	1,387,200
Under discretionary investments	-	-
Assets under management	2,194,011	2,415,236
Mutual funds	-	-
Structured financial products	-	-
Engagement unlikely to be executed	-	-
Bad debts written off during the year	247	545

(expressed in millions of LBP )

	12/31/2018	12/31/2017
Interest & similar income	128,971	100,633
Interest & similar expense	(75,313)	(51,240
Net Interest margin	53,658	49,393
Fee & commission income	27,751	32,076
Fee & commission expense	(2,908)	(1,554)
Net Fee & Commission Income	24,843	30,522
Net gain on financial assets or liabilities at fair value through profit and loss	1,325	1,647
Of which: Interest income	-	-
Net gain on financial investments	33,088	30,630
Other operating Income	4,999	1,561
Total operating income	117,914	113,753
Net provisions for credit losses	478	2,165
Credit losses related to debt instruments classified at amortized cost	-	-
Provisions for doubtful accounts	-	-
Recoveries of provisions for doubtful accounts	472	1,541
Impairement on related financial investments	-	-
Net Operating income	118,392	115,918
Personnel expenses	(23,162)	(22,704)
Other operating expenses	(9,402)	(9,151)
Depreciation of property & equipment	(473)	(438)
Amortization of intangible assets	(539)	(519)
Impairment of goodwill	-	-
Total Operating Expenses	(33,576)	(32,811)
Operating Profit	84,815	83,106
Share of profit of associates under equity method	-	-
Net gain (loss) on sale or disposal of other asset	-	-
Profits Before Tax	84,815	83,106
Income tax	(13,510)	(11,988)
Profits After Tax	71,305	71,118
Result of discontinued operations, net of tax	-	-
Profit for the current period	71,305	71,118
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	-	-