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Assets
Liabilities & Shareholders' Equity

Consolidated Balance Sheet as at June 30, 2006 (unaudited)
ASSETS(LL millions)	30-June-2006			30-June-2005
	LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Cash and Central Banks	2,633,301	2,866,891	5,500,192	2,648,821	2,554,283	5,203,104
Lebanese Treasury bills and other government bills	1,367,942	1,920,397	3,288,339	881,243	1,499,102	2,380,345
Bonds and financial instruments with fixed income		1,402,242	1,402,242		635,200	635,200
Shares, securities and financial assets with variable income	10,304	234,241	244,545	11,322	120,214	131,536
Banks and financial institutions	46,790	3,428,815	3,475,605	38,066	2,817,389	2,855,455
- Current accounts	4,966	852,158	857,124	13,783	709,541	723,324
- Time deposits	41,824	2,576,657	2,618,481	24,283	2,107,848	2,132,131
- 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	259,790	3,993,103	4,252,893	276,420	3,360,984	3,637,404
- Commercial loans*	107,311	3,349,622	3,456,933	150,263	2,726,787	2,877,050
- Other loans to customers*	109,340	436,993	546,333	84,824	423,768	508,592
- Overdraft accounts	3,056	17,557	20,613	3,280	27,043	30,323
- Net debtor accounts against creditor and cash collateral accounts		468	468
- Advances to related parties (o.w.cash collateral of LL 93.86 billion as at June end 2006)	46,501	139,074	185,575	40,570	100,899	141,469
- Doubtful loans**	(6,418)	49,389	42,971	(2,517)	82,487	79,970
Bank acceptances		146,021	146,021		112,983	112,983
Investments and related loans	1	48,280	48,281	1	12,195	12,196
Investments and related loans under equity method	4,251	4,006	8,257	3,602	801	4,403
-Non financial institutions	4,251	4,006	8,257	3,602	801	4,403
- Financial institutions
Tangible fixed assets (including revaluation variance approved by the Central Bank)	290,788	113,546	404,334	293,250	80,295	373,545
Intangible fixed assets	6,565	81,428	87,993	6,711	2,568	9,279
Other assets	1,338	2,471	3,809	805	1,036	1,841
Regularization accounts and other debtor accounts	38,483	85,047	123,530	38,245	61,813	100,058
Revaluation variance on other fixed assets
Goodwill	33,838	118,934	152,772	33,838	65,710	99,548


TOTAL ASSETS**	4,693,391	14,445,422	19,138,813	4,232,324	11,324,573	15,556,897
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*Out of which sub-standard loans amounting to :	39,188	53,024
** After deduction of provision for doubtful loansand unrealised interest:	145,037	103,769
*For sub-standard loans	7,216	11,533
**For doubtful loans	62,132	59,363

Off-Balance Sheet Items
Financing commitments received
Signature commitments received	22,901	58,610	81,511	26,892	79,908	106,800
Financial instruments sold with a buy back option
Engagements on term financial instruments
- Option on forex swap
- Option on interest swap
Other engagements received	300,956	1,954,312	2,255,268	414,659	1,864,034	2,278,693
Fiduciary assets and Assets under management	7,428	3,986,361	3,993,789	7,008	3,564,453	3,571,461
Custody accounts	582,025	2,633,298	3,215,323	466,740	1,728,522	2,195,262
Forward operations:		1,147,206	1,147,206		1,436,925	1,436,925
-Foreign currencies to receive		1,147,206	1,147,206		1,436,925	1,436,925
Bad debts transferred to off balance sheet items	25,401	236,640	262,041	23,639	232,721	256,360
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Consolidated Balance Sheet as at June 30, 2006 (unaudited)
LIABILITIES(LL millions)		30-June-2006			30-June-2005
		LL	C/V LL	TOTAL	LL	C/V LL	TOTAL
Central Bank		27,695		27,695	57,946	1,185	59,131
Banks and financial institutions		27,494	282,643	310,137	129,278	506,930	636,208
- Current accounts		9,321	161,974	171,295	3,343	305,478	308,821
- Time deposits		18,173	120,669	138,842	125,935	201,452	327,387
- Sale of financial instruments with an option to rebuy
Due to Head office, branches and affiliates
- Current accounts
- Time deposits
Deposits from customers		3,776,081	12,019,290	15,795,371	3,337,427	9,913,753	13,251,180
- Sight deposits		270,102	1,630,883	1,900,985	250,803	1,356,484	1,607,287
- Time deposits		839,982	5,187,864	6,027,846	864,580	3,470,714	4,335,294
- Savings accounts		2,597,571	4,272,621	6,870,192	2,166,926	4,209,265	6,376,191
- Net creditor and cash collateral accounts against debtor accounts		55,716	711,198	766,914	47,625	794,383	842,008
- Related parties accounts		12,710	216,724	229,434	7,493	82,907	90,400
Engagements by acceptances			146,021	146,021		112,983	112,983
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		101,147	100,727	201,874	63,270	86,219	149,489
Regularization accounts and other creditor accounts		19,315	42,924	62,239	89,547	24,165	113,712
Provisions for risks and charges		24,966	11,721	36,687	21,659	10,478	32,137
Subordinated notes
Shareholders' equity		705,615	1,570,622	2,276,237	504,950	477,070	982,020
-Revaluation variance accepted in the supplementary capital		18,600		18,600	18,600		18,600
-Share capital		404,949	112,300	517,249	292,467	73,009	365,476
- Group share		404,162	72,586	476,748	291,662	72,586	364,248
	Ordinary shares 32.766.240
	Preferred shares 7.650.000
- Minority share		787	39,714	40,501	805	423	1,228
-Reserves for general banking risks		34,283	45,444	79,727	28,920	36,084	65,004
- Group share		34,272	45,409	79,681	28,910	36,056	64,966
- Minority share		11	35	46	10	28	38
-Reserves and premiums and equity differences		216,452	1,324,565	1,541,017	159,459	336,891	496,350
- Group share		214,616	1,323,780	1,538,396	158,290	336,826	495,116
- Minority share		1,836	785	2,621	1,169	65	1,234
-Less: Treasury GDR's		(597)	(5,870)	(6,467)	(311)	(349)	(660)
-Profit carried forward		6,064	10,073	16,137	(16)	3,448	3,432
- Group share		6,022	10,151	16,173	(24)	3,475	3,451
- Minority share		42	(78)	(36)	8	(27)	(19)
-Net income for the year
- Group share
- Minority share
-Cumulative changes in fair value		25,864	84,110	109,974	5,831	27,987	33,818
Revaluation variance of fixed assets
Income and expense accounts		112,383	17,021	129,404	66,589	300	66,889
Total Liabilities & Shareholders' Equity		4,794,696	14,344,117	19,138,813	4,270,666	11,286,231	15,556,897

Off-Balance Sheet Items
Financing commitments given to:		196,050	196,050		184,607	184,607
- Financial intermediaries		196,050	196,050		184,607	184,607
- Customers
Bank guarantees given to:	38,798	695,727	734,525	36,527	469,982	506,509
- Financial intermediaries	1,437	137,228	138,665	1,793	39,836	41,629
- Customers	37,361	558,499	595,860	34,734	430,146	464,880
Financial instruments purchased with a buy back option
Other engagements
Engagements on term financial instruments	29,227		29,227	61,227		61,227
Fiduciary Deposits and Assets under management	15,241	3,978,548	3,993,789	19,263	3,552,198	3,571,461
Custody accounts	582,025	2,633,298	3,215,323	466,740	1,728,522	2,195,262
Forward operations		1,143,868	1,143,868		1,426,984	1,426,984
-Foreign currencies to deliver		1,143,868	1,143,868		1,426,984	1,426,984
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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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>	Consolidated Income Statement
>	Consolidated Cash Flows
>	Consolidated Statement of Changes in Shareholders' Equity
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>	Annual Report 2007
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