| ASSETS |
31-Dec-2004 |
31-Dec-2003 |
| |
LL |
C/V LL |
TOTAL |
LL |
C/V LL |
TOTAL |
| Cash and Central Banks |
3,014,924,064 |
1,553,443,711 |
4,568,367,775 |
3,309,233,830 |
1,058,695,082 |
4,367,928,912 |
| Lebanese Treasury bills and other government bills |
1,038,020,286 |
2,079,123,925 |
3,117,144,211 |
555,650,741 |
1,222,751,409 |
1,778,402,150 |
| Bonds and financial instruments with fixed income |
|
627,166,401 |
627,166,401 |
|
326,691,185 |
326,691,185 |
| Marketable securities and financial instruments with variable income |
679,987 |
22,388,640 |
23,068,627 |
438,098 |
8,456,087 |
8,894,185 |
| Banks and financial institutions |
150,784,908 |
3,219,140,866 |
3,369,925,774 |
44,758,064 |
1,493,938,951 |
1,538,697,015 |
| - Current accounts |
21,059,814 |
691,470,458 |
712,530,272 |
14,340,984 |
364,755,986 |
379,096,970 |
| - Time deposits |
129,725,094 |
2,527,670,408 |
2,657,395,502 |
30,417,080 |
1,129,182,965 |
1,159,600,045 |
| - Purchase of financial instruments with an option to resell |
|
|
|
|
|
|
| Loans and advances to customers |
260,530,838 |
3,005,015,603 |
3,265,546,441 |
170,815,566 |
1,903,311,453 |
2,074,127,019 |
| - Commercial loans* |
101,339,705 |
2,316,143,045 |
2,417,482,750 |
80,259,123 |
1,345,419,255 |
1,425,678,378 |
| - Other loans to customers |
119,522,768 |
368,912,113 |
488,434,881 |
75,635,420 |
376,808,845 |
452,444,265 |
| - Overdraft accounts |
1,966,874 |
107,033,560 |
109,000,434 |
2,227,951 |
8,874,135 |
11,102,086 |
| - Net debtor accounts against creditor and cash collateral accounts |
|
2,572,023 |
2,572,023 |
|
|
|
| - Advances to related parties |
41,123,559 |
108,578,099 |
149,701,658 |
37,378,346 |
83,975,372 |
121,353,718 |
| - Doubtful loans** |
(3,422,068) |
101,776,763 |
98,354,695 |
(24,685,274) |
88,233,846 |
63,548,572 |
| Bank acceptances |
|
159,505,107 |
159,505,107 |
|
101,251,363 |
101,251,363 |
| Investments and related loans |
13,810,907 |
101,280,257 |
115,091,164 |
9,931,117 |
87,938,394 |
97,869,511 |
| Tangible fixed assets (including revaluation variance approved by the Central Bank) |
298,233,205 |
80,300,686 |
378,533,891 |
255,364,662 |
45,042,686 |
300,407,348 |
| Intangible fixed assets |
7,075,236 |
2,661,665 |
9,736,901 |
3,183,482 |
1,042,976 |
4,226,458 |
| Other assets |
701,578 |
208,016 |
909,594 |
618,948 |
2,360,595 |
2,979,543 |
| Regularisation accounts and other debtor accounts |
17,275,668 |
37,799,372 |
55,075,040 |
13,455,837 |
39,228,788 |
52,684,625 |
| Goodwill |
33,838,327 |
66,764,871 |
100,603,198 |
7,631,167 |
36,441,145 |
44,072,312 |
| TOTAL ASSETS** |
4,835,875,004 |
10,954,799,120 |
15,790,674,124 |
4,371,081,512 |
6,327,150,114 |
10,698,231,626 |
| Back to top |
|
| * Out of wich sub-standard loans amounting to : |
|
|
68,339,065 |
|
|
34,374,379 |
| ** After deduction of provision for doubtful loans and unrealised interest: |
|
|
114,053,135 |
|
|
89,021,873 |
| *For sub-standard loans |
|
|
15,306,698 |
|
|
5,538,844 |
| **For doubtful loans |
|
|
60,677,473 |
|
|
58,590,545 |
Consolidated
Balance Sheet
as at December 31, 2004 (Audited) |
| LIABILITIES (LL millions) |
31-Dec-2004 |
31-Dec-2003 |
| |
LBP |
C/V LBP |
TOTAL |
LBP |
C/V LBP |
TOTAL |
| Central Bank |
57,965,366 |
|
57,965,366 |
58,384,491 |
|
58,384,491 |
| Banks and financial institutions |
142,208,676 |
757,801,349 |
900,010,025 |
114,247,210 |
277,827,685 |
392,074,895 |
| - Current accounts |
4,702,509 |
366,315,263 |
371,017,772 |
2,122,678 |
191,926,930 |
194,049,608 |
| - Time deposits |
137,506,167 |
391,486,086 |
528,992,253 |
112,124,532 |
85,900,755 |
198,025,287 |
| - Sale of financial instruments with an option to rebuy |
|
|
|
|
|
|
| Deposits from customers |
3,991,364,298 |
9,272,056,464 |
13,263,420,762 |
3,625,467,473 |
5,414,356,990 |
9,039,824,463 |
| - Sight deposits |
274,532,291 |
1,225,799,974 |
1,500,332,265 |
234,804,981 |
705,208,538 |
940,013,519 |
| - Time deposits |
1,384,878,634 |
3,768,125,784 |
5,153,004,418 |
1,107,877,279 |
1,780,546,600 |
2,888,423,879 |
| - Savings accounts |
2,265,895,989 |
3,590,391,325 |
5,856,287,314 |
2,110,495,801 |
2,532,357,340 |
4,642,853,141 |
| - Net creditor and cash collateral accounts against debtor accounts |
49,599,112 |
622,603,527 |
672,202,639 |
72,959,830 |
372,737,220 |
445,697,050 |
| - Related parties accounts |
16,458,272 |
65,135,854 |
81,594,126 |
99,329,582 |
23,507,292 |
122,836,874 |
| Engagements by acceptances |
|
159,505,107 |
159,505,107 |
|
101,251,363 |
101,251,363 |
| Liabilities under financial instruments |
|
153,147,545 |
153,147,545 |
|
153,147,544 |
153,147,544 |
| - Certificates of deposit |
|
153,147,545 |
153,147,545 |
|
153,147,544 |
153,147,544 |
| - Debenture bonds |
|
|
|
|
|
|
| - Other liabilities under financial instruments |
|
|
|
|
|
|
| Other liabilities |
68,068,079 |
56,944,569 |
125,012,648 |
40,315,180 |
42,356,002 |
82,671,182 |
| Regularisation accounts and other creditor accounts |
25,621,320 |
40,307,988 |
65,929,308 |
22,167,534 |
13,915,877 |
36,083,411 |
| Provisions for risks and charges |
18,471,559 |
5,391,665 |
23,863,224 |
10,915,150 |
12,841,905 |
23,757,055 |
| Subordinated notes |
|
|
|
|
107,787,051 |
107,787,051 |
| Shareholders' equity |
592,433,269 |
449,386,870 |
1,041,820,139 |
512,579,605 |
190,670,566 |
703,250,171 |
| -Revaluation variance accepted in the supplementary capital |
18,599,623 |
|
18,599,623 |
18,599,623 |
|
18,599,623 |
| -Share capital and cash contribution to capital |
293,385,964 |
73,047,343 |
366,433,307 |
46,808,076 |
72,993,544 |
119,801,620 |
| - Group share |
291,662,400 |
72,586,125 |
364,248,525 |
45,798,716 |
72,586,125 |
118,384,841 |
| Ordinary shares 22.766.240 |
|
|
|
|
|
|
| Preferred shares 6.400.000 |
|
|
|
|
|
|
| - Minority share |
1,723,564 |
461,218 |
2,184,782 |
1,009,360 |
407,419 |
1,416,779 |
| -Reserves for general banking risks |
21,499,274 |
35,081,826 |
56,581,100 |
17,591,119 |
27,067,640 |
44,658,759 |
| - Group share |
21,490,115 |
35,059,227 |
56,549,342 |
17,582,650 |
27,048,697 |
44,631,347 |
| - Minority share |
9,159 |
22,599 |
31,758 |
8,469 |
18,943 |
27,412 |
| -Reserves and premiums and equity differences |
149,325,079 |
323,262,647 |
472,587,726 |
343,908,998 |
99,819,788 |
443,728,786 |
| - Group share |
149,422,476 |
323,241,101 |
472,663,577 |
344,430,136 |
99,680,928 |
444,111,064 |
| - Minority share |
(97,397) |
21,546 |
(75,851) |
(521,138) |
138,860 |
(382,278) |
| -Less: Treasury GDR's |
(3,787,950) |
(7,699,444) |
(11,487,394) |
(1,353,018) |
(19,478,924) |
(20,831,942) |
| -Profit carried forward |
|
|
|
4,497 |
|
4,497 |
| - Group share |
|
|
|
4,497 |
|
4,497 |
| - Minority share |
|
|
|
|
|
|
| -Net income for the year |
105,095,456 |
2,993,140 |
108,088,596 |
76,669,408 |
5,071,592 |
81,741,000 |
| - Group share |
104,618,001 |
2,990,640 |
107,608,641 |
76,837,810 |
5,071,592 |
81,909,402 |
| - Minority share |
477,455 |
2,500 |
479,955 |
(168,402) |
- |
(168,402) |
| -Cumulative changes in fair value |
8,315,823 |
22,701,358 |
31,017,181 |
10,350,902 |
5,196,926 |
15,547,828 |
| Total Liabilities & Shareholders' Equity |
4,896,132,567 |
10,894,541,557 |
15,790,674,124 |
4,384,076,643 |
6,314,154,983 |
10,698,231,626 |
| |
| Off-Balance Sheet Items |
|
|
|
|
|
|
| Financing commitments given to: |
|
196,384,142 |
196,384,142 |
|
137,091,985 |
137,091,985 |
| - Financial intermediaries |
|
184,206,987 |
184,206,987 |
|
137,091,985 |
137,091,985 |
| - Customers |
|
12,177,155 |
12,177,155 |
|
|
|
| Bank guarantees given to: |
39,754,805 |
532,888,912 |
572,643,717 |
24,202,320 |
392,792,525 |
416,994,845 |
| - Financial intermediaries |
4,947,162 |
99,357,869 |
104,305,031 |
1,975,700 |
39,013,430 |
40,989,130 |
| - Customers |
34,807,643 |
433,531,043 |
468,338,686 |
22,226,620 |
353,779,095 |
376,005,715 |
| Other engagements |
|
185,295 |
185,295 |
|
452,250 |
452,250 |
| Engagements on term financial instruments |
65,086,750 |
|
65,086,750 |
65,086,750 |
|
65,086,750 |
| Fiduciary Deposits, Custody accounts and Assets under management |
507,423,600 |
4,551,265,764 |
5,058,689,364 |
290,292,033 |
3,684,698,265 |
3,974,990,298 |
| Forward operations |
|
2,338,119,404 |
2,338,119,404 |
|
1,422,087,150 |
1,422,087,150 |
| -Foreign currencies to deliver |
|
2,338,119,404 |
2,338,119,404 |
|
1,419,599,621 |
1,419,599,621 |
| -Currency options market value |
|
|
|
|
2,487,529 |
2,487,529 |
| Back to top |
| Off-Balance Sheet Items |
31-Dec-2004 |
31-Dec-2003 |
|
LBP |
C/V LBP |
TOTAL |
LBP |
C/V LBP |
TOTAL |
| Signature commitments received |
26,490,276 |
88,508,262 |
114,998,538 |
15,356,490 |
54,293,087 |
69,649,577 |
| Financial instruments sold with a buy back option |
|
48,993,750 |
48,993,750 |
|
48,240,000 |
48,240,000 |
| Engagements on term financial instruments |
|
9,723,873 |
9,723,873 |
|
91,301,759 |
91,301,759 |
| -Option on forex swap |
|
9,723,873 |
9,723,873 |
|
46,076,759 |
46,076,759 |
| -Option on interest swap |
|
|
|
|
45,225,000 |
45,225,000 |
| Other engagements received |
423,491,533 |
1,768,502,935 |
2,191,994,468 |
370,495,985 |
2,180,840,867 |
2,551,336,852 |
| Fiduciary assets, Custody accounts and Assets under management |
428,817,517 |
4,629,871,847 |
5,058,689,364 |
290,292,033 |
3,684,698,265 |
3,974,990,298 |
| Forward operations: |
|
2,332,664,289 |
2,332,664,289 |
|
1,419,655,080 |
1,419,655,080 |
| -Foreign currencies to receive |
|
2,332,664,289 |
2,332,664,289 |
|
1,417,165,888 |
1,417,165,888 |
| -Currency options market value |
|
|
|
|
2,489,192 |
2,489,192 |
| Bad debts classified under off balance sheet items |
18,284,136 |
203,470,055 |
221,754,191 |
23,244,872 |
143,340,520 |
166,585,392 |
| Back to top |
|
