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Assets
Liabilities & Shareholders' Equity

Consolidated Balance Sheet as at December 31, 2005 (audited)
ASSETS(LL millions)	31-Dec-2005			31-Dec-2004
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Cash and Central Banks	2,446,676	2,649,820	5,096,496	3,005,960	1,553,444	4,559,404
Lebanese Treasury bills and other government bills	1,432,777	1,898,893	3,331,670	1,041,382	2,101,713	3,143,095
Bonds and financial instruments with fixed income		743,367	743,367		619,562	619,562
Shares, securities and financial assets with variable income	9,491	194,202	203,693	10,855	108,627	119,482
Banks and financial institutions	144,281	3,304,547	3,448,828	150,785	3,219,141	3,369,926
- Current accounts	12,645	532,408	545,053	21,060	691,470	712,530
- Time deposits	131,636	2,772,139	2,903,775	129,725	2,527,671	2,657,396
- 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*	251,412	3,468,654	3,720,066	260,531	3,005,015	3,265,546
- Commercial loans**	107,486	2,913,927	3,021,413	101,340	2,316,143	2,417,483
- Other loans to customers**	111,129	351,143	462,272	119,523	368,912	488,435
- Overdraft accounts	2,358	55,448	57,806	1,966	107,034	109,000
- Net debtor accounts against creditor and cash collateral accounts		308	308		2,572	2,572
- Advances to related parties	44,572	92,231	136,803	41,124	108,578	149,702
- Doubtful loans***	(14,133)	55,597	41,464	(3,422)	101,776	98,354
Bank acceptances		129,184	129,184		159,505	159,505
Investments and related loans	1	45,434	45,435	1	12,195	12,196
Investments and related loans under equity method	3,951	3,201	7,152	3,635	2,847	6,482
-Non financial institutions	3,951	3,201	7,152	3,635	2,847	6,482
- Financial institutions
Tangible fixed assets (including revaluation variance approved by the Central Bank)	296,155	87,842	383,997	298,233	80,301	378,534
Intangible fixed assets	6,760	5,453	12,213	7,075	2,662	9,737
Other assets	806	187	993	702	208	910
Regularization accounts and other debtor accounts	31,065	50,862	81,927	17,276	37,799	55,075
Revaluation variance on other fixed assets
Goodwill	33,838	65,492	99,330	33,838	66,765	100,603


TOTAL ASSETS***	4,657,213	12,647,138	17,304,351	4,830,273	10,969,784	15,800,057
*Of which 39% against cash collateral as at December 2005
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**Out of which sub-standard loans amounting to :	43,034	68,339
*** After deduction of provision for doubtful loansand unrealised interest:	113,868	114,053
**For sub-standard loans	10,875	15,307
***For doubtful loans	58,616	60,677

Off-Balance Sheet Items	31-Dec-2005			31-Dec-2004
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Financing commitments received
Signature commitments received	24,630	35,483	60,113	26,491	88,508	114,999
Financial instruments sold with a buy back option					48,994	48,994
Engagements on term financial instruments		115,250	115,250		9,724	9,724
- Option on forex swap		104,399	104,399		9,724	9,724
- Option on interest swap		10,851	10,851
Other engagements received	365,202	1,900,756	2,265,958	423,492	1,768,502	2,191,994
Fiduciary assets and Assets under management	6,927	3,579,510	3,586,437	86,699	2,830,049	2,916,748
Custody accounts	491,540	2,234,993	2,726,533	342,119	1,799,823	2,141,942
Forward operations:		860,211	860,211		2,332,664	2,332,664
-Foreign currencies to receive		860,211	860,211		2,332,664	2,332,664
Bad debts transferred to off balance sheet items	24,865	237,176	262,041	18,284	203,470	221,754
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Consolidated Balance Sheet as at December 31, 2005 (audited)
LIABILITIES(LL millions)	31-Dec-2005			31-Dec-2004
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Central Bank	27,726		27,726	57,965		57,965
Banks and financial institutions	121,244	286,885	408,129	142,209	757,801	900,010
- Current accounts	10,351	130,392	140,743	4,703	366,315	371,018
- Time deposits	110,893	156,493	267,386	137,506	391,486	528,992
- Sale of financial instruments with an option to rebuy
Due to Head office, branches and affiliates						-
- Current accounts
- Time deposits
Deposits from customers	3,777,751	11,129,191	14,906,942	3,991,365	9,272,056	13,263,421
- Sight deposits	235,135	1,377,216	1,612,351	274,532	1,225,800	1,500,332
- Time deposits	974,953	4,831,993	5,806,946	1,384,879	3,768,126	5,153,005
- Savings accounts	2,502,706	4,081,775	6,584,481	2,265,896	3,590,391	5,856,287
- Net creditor and cash collateral accounts against debtor accounts	56,645	756,473	813,118	49,599	622,604	672,203
- Related parties accounts	8,312	81,734	90,046	16,459	65,135	81,594
Engagements by acceptances		129,184	129,184		159,505	159,505
Liabilities under financial instruments		153,148	153,148		153,148	153,148
- Certificates of deposit		153,148	153,148		153,148	153,148
- Debenture bonds
- Other liabilities under financial instruments
Other liabilities	97,851	70,535	168,386	68,068	68,472	136,540
Regularization accounts and other creditor accounts	9,841	37,032	46,873	25,621	28,781	54,402
Provisions for risks and charges	22,463	4,152	26,615	18,472	5,391	23,863
Subordinated notes
Shareholders' equity	669,336	768,012	1,437,348	586,831	464,372	1,051,203
-Revaluation variance accepted in the supplementary capital	18,600		18,600	18,600		18,600
-Share capital	304,967	109,131	414,098	293,386	73,047	366,433
- Group share	304,162	72,586	376,748	291,662	72,586	364,248
- Ordinary shares 22.766.240	304,162	72,586	376,748	291,662	72,586	364,248
- Preferred shares 7.650.000	304,162	72,586	376,748	291,662	72,586	364,248
- Minority share	805	36,545	37,350	1,724	461	2,185
-Reserves for general banking risks	24,050	41,110	65,160	21,499	35,082	56,581
- Group share	24,040	41,082	65,122	21,490	35,059	56,549
- Minority share	10	28	38	9	23	32
-Reserves and premiums and equity differences	160,866	512,691	673,557	149,325	323,262	472,587
- Group share	159,707	512,684	672,391	149,422	323,241	472,663
- Minority share	1,159	7	1,166	(97)	21	(76)
-Less: Treasury GDR's	(519)	(4,143)	(4,662)	(3,788)	(7,699)	(11,487)
-Profit carried forward	(932)	3,343	2,411
- Group share	(957)	3,316	2,359
- Minority share	25	27	52
-Net income for the year	149,611	9,920	159,531	105,095	2,994	108,089
- Group share	148,859	9,201	158,060	104,618	2,991	107,609
- Minority share	752	719	1,471	477	3	480
-Cumulative changes in fair value	12,693	95,960	108,653	2,714	37,686	40,400
Revaluation variance of fixed assets
Income and expense accounts
Total Liabilities & Shareholders' Equity	4,726,212	12,578,139	17,304,351	4,890,531	10,909,526	15,800,057

Off-Balance Sheet Items	31-Dec-2005			31-Dec-2004
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Financing commitments given to:		213,354	213,354		196,384	196,384
- Financial intermediaries		213,354	213,354		184,207	184,207
- Customers					12,177	12,177
Bank guarantees given to:	36,737	551,487	588,224	39,755	532,889	572,644
- Financial intermediaries	2,500	78,329	80,829	4,947	99,358	104,305
- Customers	34,237	473,158	507,395	34,808	433,531	468,339
Financial instruments purchased with a buy back option
Other engagements	151	39	190		185	185
Engagements on term financial instruments	29,227		29,227	65,087		65,087
Fiduciary Deposits and Assets under management	17,246	3,569,191	3,586,437	86,699	2,830,049	2,916,748
Custody accounts	491,540	2,234,993	2,726,533	342,119	1,799,823	2,141,942
Forward operations		856,556	856,556		2,338,119	2,338,119
-Foreign currencies to deliver		856,556	856,556		2,338,119	2,338,119
-Currency option market value
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* Including the consolidated profit and loss account of Banque Saradar SAL for the second semester only according to International Accounting Standard (IAS)

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