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Assets
Liabilities & Shareholders' Equity

Consolidated Balance Sheet as at March 31, 2008 (Unaudited)
ASSETS (LL millions)	31/03/2008			31/03/2007
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Cash and Central Banks	2,426,517	4,101,969	6,528,486	2,487,790	3,145,980	5,633,770
- Cash	38,201	106,272	144,473	35,067	66,975	102,042
- Credit risk ceded		12,039	12,039		211,835	211,835
- Net Exposure	2,388,316	3,983,658	6,371,974	2,452,723	2,867,170	5,319,893
Lebanese Treasury bills and other government bills	1,314,726	2,527,732	3,842,458	1,018,288	3,116,966	4,135,254
- Credit risk ceded		769,635	769,635		540,700	540,700
- Net Exposure	1,314,726	1,758,097	3,072,823	1,018,288	2,576,266	3,594,554
Bonds and financial instruments with fixed income		1,408,111	1,408,111		672,321	672,321
Shares, securities and financial assets with variable income	8,018	305,564	313,582	8,260	195,391	203,651
Banks and financial institutions	69,066	4,457,628	4,526,694	47,536	3,673,939	3,721,475
- Current accounts	10,692	872,132	882,824	6,815	570,537	577,352
- Time deposits	58,374	3,585,496	3,643,870	40,721	3,103,402	3,144,123
- Purchase of financial instruments with an option to resell
Due from Head office, branches and affiliates
- Current accounts
- Time deposits
Loans and advances to customers	316,712	8,269,283	8,585,995	261,043	5,076,913	5,337,956
- Commercial loans*	161,796	7,520,008	7,681,804	139,395	4,267,830	4,407,225
- Other loans to customers*	107,594	416,941	524,535	76,228	458,888	535,116
- Overdraft accounts	2,840	30,082	32,922	2,657	32,041	34,698
- Net debtor accounts against creditor and cash collateral accounts		1,680	1,680		209	209
- Advances to related parties (o.w.cash collateral of LL 168.86 billion as at March end 2008)	54,732	244,048	298,780	49,095	250,333	299,428
- Doubtful loans**	(10,250)	56,524	46,274	(6,332)	67,612	61,280
Bank acceptances		234,651	234,651		162,050	162,050
Investments and related loans		2,261	2,261
Investments and related loans under equity method	4,657	17,473	22,130	4,226	17,710	21,936
-Non financial institutions	4,657	17,473	22,130	4,226	17,710	21,936
- Financial institutions
Tangible fixed assets (including revaluation variance approved by the Central Bank)	271,834	229,811	501,645	282,265	203,447	485,712
Intangible fixed assets	8,626	7,824	16,450	5,488	6,619	12,107
Other assets	1,300	836	2,136	1,393	37,532	38,925
Regularization accounts and other debtor accounts	72,904	191,077	263,981	47,133	92,186	139,319
Revaluation variance on other fixed assets
Goodwill	35,551	173,163	208,714	33,838	181,247	215,085


TOTAL ASSETS**	4,529,911	21,927,383	26,457,294	4,197,260	16,582,301	20,779,561

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*Out of which sub-standard loans amounting to :	27,391	30,646
**After deduction of provision for doubtful loans and unrealised interest:	181,319	163,112
*For sub-standard loans	5,039	5,923
**For doubtful loans	80,568	71,484

Off-Balance Sheet Items	31/03/2008			31/03/2007
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Financing commitments received
Signature commitments received	26,219	197,991	224,210	19,827	112,085	131,912
Financial instruments sold with a buy back option
Engagements on term financial instruments
- Option on forex swap
Commitments on derivatives		15,112	15,112
Other engagements received	236,681	3,401,239	3,637,920	225,898	2,457,196	2,683,094
Fiduciary assets and Assets under management	6,611	6,081,923	6,088,534	6,630	4,678,075	4,684,705
Custody accounts	934,951	3,155,508	4,090,459	888,651	2,527,064	3,415,715
Forward operations:		1,535,405	1,535,405		872,902	872,902
-Foreign currencies to receive		1,535,405	1,535,405		872,902	872,902
Bad debts transferred to off balance sheet items	28,535	228,312	256,847	27,008	242,681	269,689
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Consolidated Balance Sheet as at March 31, 2008 (Unaudited)
LIABILITIES (LL millions)	31/03/2008			31/03/2007
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Central Bank		3,637	3,637
Banks and financial institutions	64,466	735,407	799,873	3,381	240,590	243,971
- Current accounts	4,774	324,008	328,782	2,318	109,015	111,333
- Time deposits	59,692	411,399	471,091	1,063	131,575	132,638
- Sale of financial instruments with an option to rebuy
Due to Head office, branches and affiliates
- Current accounts
- Time deposits
Deposits from customers	3,323,458	18,521,365	21,844,823	3,147,974	14,024,351	17,172,325
- Sight deposits	287,737	2,669,662	2,957,399	261,047	1,779,233	2,040,280
- Time deposits	622,734	9,082,854	9,705,588	667,738	6,653,204	7,320,942
- Savings accounts	2,365,398	5,626,687	7,992,085	2,184,564	4,737,099	6,921,663
- Net creditor and cash collateral accounts against debtor accounts	42,837	912,795	955,632	30,184	706,265	736,449
- Related parties accounts	4,752	229,367	234,119	4,441	148,550	152,991
Engagements by acceptances		234,651	234,651		162,050	162,050
Liabilities under financial instruments		157,188	157,188		157,143	157,143
- Certificates of deposit		157,188	157,188		157,143	157,143
- Debenture bonds
- Other liabilities under financial instruments
Other liabilities	213,185	203,329	416,514	153,362	116,278	269,640
Regularization accounts and other creditor accounts	35,313	78,607	113,920	19,098	57,064	76,162
Provisions for risks and charges	31,274	7,264	38,538	33,560	13,499	47,059
Subordinated notes
Shareholders' equity	1,054,824	1,710,953	2,765,777	915,486	1,663,751	2,579,237
-Revaluation variance accepted in the supplementary capital	18,600		18,600	18,600		18,600
-Share capital & cash contribution to capital	422,190	182,659	604,849	404,945	173,799	578,744
- Group share	419,675	72,586	492,261	404,162	72,586	476,748
Ordinary shares 32.902.309
Preferred shares 5.250.000
- Minority share	2,515	110,073	112,588	783	101,213	101,996
-Reserves for general banking risks	32,299	74,392	106,691	26,896	54,297	81,193
- Group share	32,299	74,392	106,691	26,885	54,262	81,147
- Minority share				11	35	46
-Reserves and premiums and equity differences	321,769	1,233,224	1,554,993	227,860	1,324,171	1,552,031
- Group share	319,368	1,235,645	1,555,013	225,723	1,324,820	1,550,543
- Minority share	2,401	(2,421)	(20)	2,137	(649)	1,488
-Employees' stock option plan as per IFRS 2	269	34,212	34,481	14	22,276	22,290
-Less: Treasury GDR's	(135)	(2,901)	(3,036)	(189)	(1,521)	(1,710)
-Profit carried forward	15,759	54,719	70,4788	5,347	12,784	18,131
- Group share	15,739	49,913	65,652	5,310	11,421	16,731
- Minority share	20	4,806	4,826	37	1,363	1,400
-Net income for the year	222,720	58,110	280,830	212,682	34,805	247,487
- Group share	221,996	53,353	275,349	211,634	34,813	246,447
- Minority share	724	4,757	5,481	1,048	(8)	1,040
-Cumulative changes in fair value	21,353	76,538	97,891	19,331	43,140	62,471
Revaluation variance of fixed assets
Income and expense accounts	57,857	24,516	82,373	61,415	10,559	71,974
Total Liabilities & Shareholders' Equity	4,780,377	21,676,917	26,457,294	4,334,276	16,445,285	20,779,561
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Off-Balance Sheet Items	31/03/2008			31/03/2007
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Financing commitments given to:		580,557			280,913	280,913
- Financial intermediaries		580,557			280,913	280,913
- Customers
Bank guarantees given to:	39,649	1,281,815	1,312,464	36,179	774,699	810,878
- Financial intermediaries	1,216	244,118	245,334	1,291	228,210	229,501
- Customers	38,433	1,037,697	1,076,130	34,888	546,489	581,377
Financial instruments purchased with a buy back option
Other engagements
Engagements on term financial instruments
Commitments on derivatives		444,745	444,745
Fiduciary Deposits and Assets under management	8,427	6,080,107	6,088,534	8,284	4,676,421	4,684,705
Custody accounts	934,951	3,155,508	4,090,459	888,651	2,527,064	3,415,715
Forward operations		1,545,651	1,545,651		873,351	873,351
-Foreign currencies to deliver		1,545,651	1,545,651		873,351	873,351
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>	Consolidated Statement of Changes in Shareholders' Equity
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