Syrian Lebanese Commercial Bank

Financial Statements

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

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