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Consolidated Income Statement (audited) as at December 31, 2007
(LL millions)
Income Statement		31/12/2007	31/12/2006
Interest and similar income		1,525,548	1,248,216
	Lebanese Treasury bills and other government bills	346,861	297,779
	Deposits and similar accounts in banks and financial institutions	665,741	580,089
	Deposits in head office, branches and affiliates
	Bonds and financial instruments with fixed income	59,082	57,519
	Loans and advances to customers	429,388	296,923
	Loans and advances to related parties	17,958	13,577
	Other interest and similar income	7,518	2,329
	Interest on leasing contracts
Interest expense and similar charges		1,004,997	809,810
	Deposits and similar accounts from banks and financial institutions	12,262	16,172
	Deposits from head office, branches and affiliates
	Deposits from customers and other creditor accounts	955,591	758,104
	Deposits from related parties	18,852	18,199
	Cash contribution to capital and subordinated loans
	Certificates of deposit	16,206	16,206
	Bonds and financial instruments with fixed income
	Other interest and similar charges	2,086	1,129
	Interest on leasing contracts
Net provisions and recoveries on doubtful loans		3,957	24,670
	Provisions for doubtful loans	26,990	41,756
	Of which: provision setup related to commercial loans (granted by leasing companies)
	Recoveries of provisions for doubtful loans	(23,033)	(17,086)
	Of which: provision write-back related to commercial loans (granted by leasing companies)
	Of which: provision write-back related to leasing contracts
	Provision related to leasing contracts
Net interest income		516,594	413,736
Revenues from shares, securities & financial assets with variable income		10,642	12,759
Net commissions		160,249	105,975
	Commissions received Of which: commission related to leasing contracts	192,109	142,159
	Commissions paid Of which: commission related to leasing contracts	(31,860)	(36,184)
Profit on financial operations		138,946	150,196
	Profit on marketable securities	22,274	27,947
	Profit on financial fixed assets	121	5,241
	Profit on foreign exchange position	30,888	27,064
	Profit on financial instruments	85,663	89,944
Loss on financial operations		41,038	26,233
	Loss on marketable securities	1,006	2,053
	Loss on financial fixed assets	505	424
	Loss on foreign exchange position	14,259	9,341
	Loss on financial instruments	25,268	14,415
Net income from financial operations		97,908	123,963
Other operating income		31,067	19,937
Other operating expenses		10,096	7,830
Total operating income		806,364	668,540
General and administrative expenses		417,524	317,812
	Salaries wages and related charges	236,151	173,373
	Employees' stock options expense as per IFRS 2	17,479	17,927
	General operating expenses	163,894	126,512
Depreciation and amortization		31,845	34,537
Provision on investments		1,681	(6,418)
Provisions on contingent accounts & other risks		6,051	(632)
Profit from operations before taxation		364,727	309,141
Net nonrecurring operations		(859)	(12,167)
	Nonrecurring income	5,305	1,193
	Nonrecurring expenses	(6,164)	(13,360)
Income tax		63,025	50,300
Our part in affiliates under equity method		1,066	741
	Non financial institutions	1,066	741
	Financial institutions
Net profit for the year		301,909	247,415
	Group share	289,684	246,570
	Minority share	12,225	845
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>	Consolidated Balance Sheet
>	Consolidated Income Statement
>	Consolidated Cash Flows
>	Consolidated Statement of Changes in Shareholders' Equity
>	2007 Consolidated Figures & Auditors’ Report
>	Annual Report 2007
>	Annual Report 2006