Blank

Consolidated Income Statement (audited) as at December 31, 2005 (audited)
(LL millions)
Income Statement		31-Dec-2005	31-Dec-2004
Interest and similar income		995,149	765,093
	Lebanese Treasury bills and other government bills	218,690	179,053
	Deposits and similar accounts in banks and financial institutions	488,807	387,705
	Deposits in head office, branches and affiliates
	Bonds and financial instruments with fixed income	41,719	31,468
	Loans and advances to customers	223,595	153,164
	Loans and advances to related parties	9,911	7,565
	Other interest and similar income	12,427	6,138
	Interest on leasing contracts
Interest and similar charges		675,039	535,749
	Deposits and similar accounts from banks and financial institutions	37,115	26,314
	Deposits from head office, branches and affiliates
	Deposits from customers and other creditor accounts	610,854	482,898
	Deposits from related parties	3,115	4,875
	Cash contribution to capital and subordinated loans
	Certificates of deposit	16,205	16,250
	Bonds and financial instruments with fixed income		2,283
	Other interest and similar charges	7,750	3,129
	Interest on leasing contracts
Net provisions and recoveries on doubtful loans		31,647	24,023
	Provisions for doubtful loans	59,155	40,112
	Of which: provision setup related to commercial loans(granted by leasing companies)
	Recoveries of provisions for doubtful loans	(27,508)	(16,089)
	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 received		288,463	205,321
Revenues from shares, securities & financial assets with variable income		6,887	4,753
Net commissions		96,989	84,131
	Commissions received	115,167	126,005
	Of which: commission related to leasing contracts
	Commissions paid	(18,178)	(41,874)
	Of which: commission related to leasing contracts
Profit on financial operations		87,317	94,276
	Profit on marketable securities	11,995	3,808
	Profit on financial fixed assets	353	11,111
	Profit on foreign exchange position	27,641	19,514
	Profit on financial instruments	47,328	59,843
Loss on financial operations		13,086	8,018
	Loss on marketable securities	2,723	797
	Loss on financial fixed assets	41	655
	Loss on foreign exchange position	6,172	3,680
	Loss on financial instruments	4,150	2,886
Net income from financial operations		74,231	86,258
Other operating income		18,042	7,961
Other operating expenses		4,749	3,416
Total operating income		479,863	385,008
General and administrative expenses		254,790	227,016
	Salaries wages and related charges	146,817	136,156
	General operating expenses	107,973	90,860
Amortization and depreciation		29,666	21,545
Provision on investments		960	(286)
Provisions on contingent accounts & other risks		593
Profit from operations before taxation		196,960	136,161
Net nonrecurring operations		(6,276)	(6,103)
	Nonrecurring income	7,702	4,208
	Nonrecurring expenses	(13,978)	(10,311)
Income tax		32,063	22,393
Our part in affiliates under equity method		910	424
	Non financial institutions	910	424
	Financial institutions
Net profit for the year		159,531	108,089
	Group share	158,060	107,609
	Minority share	1,471	480
Back to top

>	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