Financial Statements

Consolidated Balance Sheet / Year ended 31 December 2015

(in millions LBP )

Assets 2015 2014
Cash and balances with central banks 220,692 176,942
Due from Banks and financial institutions 14,830 16,291
Head office, branches, parent company and foreign
sister financial institutions and subsidiaries
27 89,718
Net Loans and advances to customers 176,360 103,125
Debetors by acceptances
Financial instruments classified at amortized cost 95,579 97,314
Property and equipment 8,218 8,587
Intangible assets 51 83
Non- current assets held- for- sale 321 446
Other assets 1,245 856
TOTAL ASSETS 517,323 493,362
LIABILITIES AND EQUITY 2015 2014
Due to Banks and financial institutions 15,522 18,115
Head office, branches, parent company and foreign
sister financial institutions and subsidiaries
147,419 173,618
Customers' Deposits 144,215 110,961
Engagements by acceptances
End of service benefits 2,494 1,475
Provisions for liabilities and charges 1,648 126
Other liabilities 28,936 12,656
Total liabilities 340,234 316,951
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 2015 2014
Share capital - common ordinary shares 150,000 150,000
Revaluation Reserve of real estate 372 372
Capital Reserves 25,853 25,744
Other Reserve 0 0
Available- for- sale Reserve 186 178
Net profit for the year 678 117
TOTAL EQUITY 177,089 176,411
TOTAL LIABILITIES AND EQUITY 517,323 493,362
OFF- BALANCE SHEET ITEMS 2015 2014
Financing Commitments 2,135 873
Financing Commitments given to banks and financial institutions - -
Engagement to customers 2,135 873
Bank Guarantees 526,021 143,253
Guarantees given to banks and financial institutions 4,042 14,089
Guarantees given to customers 91,595 129,043
Guarantees received from customers 481,864 -
Other Engagement 28,474 121
Bad debts fully provided for 11,507 11,708

Profit and Loss

(in thousands LBP)

Year ended 31 December 2015 2015 2014
Interest and similar income 14,408 13,270
Interest and similar expense 2,704- 2,385-
NET INTEREST INCOME 11,704 10,885
Fees and Commissions income 6,582 3,406
Fees and Commissions expense 10- 18-
Net fees and commission income 6,572 3,388
Net trading gain / ( loss ) 60 25
Other operating income 38 -
Total operating income 18,374 14,298
laon impairment charges 10,218- 6,205-
Net operating income 8,156 8,093
Personnel expense 5,144- 4,205-
Depreciation of property and equipment 440- 485-
Other operating expenses 1,785- 2,753-
Total operating expenses 7,369- 7,443-
Operating profit 787 650
Other operating income 10 -
Other operating expens - 533-
PROFIT BEFORE TAX 797 117
Income tax expens 119- -
PROFIT FOR THE YEAR 678 117

Highlights And Achievements

Full provisioning profits realized, consisting of the following years :

(in thousands LBP)

2015 2014 2013 2012
10,288,131 6,379,305 14,756,288 15,674,521