Balance sheet as at December 31, 2006
  2006 2005
Assets (in millions of LL ) LL C/V LL Total LL C/V LL Total
Cash and Central bank
285,581
17,324
302,905
267,171
16,431
283,602
Lebanese treasury bills and other government bills
203,614
203,614
389,766
389,766
Bonds and financial instruments with fixed income
277,901
277,901
279,572
279,572
Marketable securities and financial instruments with variable income
4,000
108,181
112,181
4,603
130,532
135,135
Banks and financial institutions
31
31
15
15
-Current accounts
31
31
15
15
-Time deposits
-Securities purchased under resale agreements
Head office , branches , parent company and foreignsister financial institutions and subsidiaries
5,595
15,525
21,120
1,933
2,275
4,208
-Current accounts
5,595
15,525
21,120
1,933
2,275
4,208
-Time deposits
Loans and advances to customers
31,096
116,868
147,964
24,872
152,860
177,732
-Commercial loans *
5,084
77,379
82,463
115,055
115,055
-Other loans to customers
22,724
19,859
42,583
18,919
24,973
43,892
-Overdraft accounts
-Net debtor accounts against creditor accounts and cash collateral
-Loans and advances to related parties ( article 152 of CMC )
3,288
3,123
6,411
5,953
3,033
8,986
-Doubtful loans * *
16,507
16,507
9,799
9,799
Bank acceptances
Investments and loans to related parties
21,093
31,165
52,258
20,674
40,334
61,008
Investments in related parties under equity method
-Non-financial
-Financial
Tangible fixed assets (including revaluation variance )
617
617
632
632
Intangible fixed assets
66
66
Other assets
Regularisation accounts and miscellaneous debtor accounts
4,521
233
4,754
2,951
219
3,170
Revaluation variance of other fixed assets
Goodwill
Total Assets*
556,183
567,228
1,123,411
712,602
622,238
1,334,840
 
* After deduction of :
      - Provisions for doubtful debts
10,021
      - Unrealised interest on doubtful debts
17,555
** Of which substandard loans (net of interest)
876
** Unrealised interest on substandard loans
452
 
Contra accounts
     
Financing engagements received from financial intermediaries
200
150,750
150,950
200
150,750
150,950
Engagements by signature received from financial intermediaries
Securities sold under repurchase agreements            
Other engagements received
41,269
156,399
197,668
106,815
185,696
292,511
Bad debts transferred to off balance sheet items
1,567
47
1,614
1,567
68
1,635


Balance Sheet as at December 31, 2006
  2006 2005
Liabilities (in millions of LL) LL C/V LL Total LL C/V LL Total
Central bank            
Banks and financial institutions            
-Current accounts            
-Time deposits            
-Securities sold under repurchase agreements            
Head office , branches , parent company and foreignsister financial institutions and subsidiaries
265,401
265,401
315,457
315,457
-Current accounts
-Time deposits
265,401
265,401
315,457
315,457
Deposits from customers
494,379
70,176
564,555
663,318
61,429
724,747
-Sight deposits
-Time deposits
210,320
9,599
219,919
258,541
98
258,639
-Saving accounts
284,026
11,323
295,349
391,967
18,344
410,311
-Net creditor accounts against debtor accounts and cash collateral
33
7,843
7,876
12,810
16,843
29,653
-Related parties accounts
41,411
41,411
26,144
26,144
Engagements by acceptances
Liabilities under financial instruments
153,148
153,148
153,148
153,148
-Certificates of deposits
153,148
153,148
153,148
153,148
-Debenture bonds
-Other Liabilities under financial instruments
Other liabilities
3,561
237
3,798
2,201
3
2,204
Regularisation accounts and miscellaneous creditor accounts
1,118
119
1,237
433
187
620
Provisions for risks and charges
701
701
459
459
Subordinated loans ( or notes )
Revaluation variance accepted as supplementary capital
Shareholders' Equity
56,514
78,057
134,571
46,343
91,862
138,205
-Share capital and cash contribution
10,000
15,075
25,075
10,000
15,075
25,075
-Reserves for general banking risks
1,671
5,290
6,961
1,538
4,222
5,760
-Reserves and premiums ( and equity differences *)
19,361
19,361
17,531
17,531
-Balance carried forward
-
-
-
-
-Net income ( or loss ) for the year
16,861
16,861
13,031
13,031
Revaluation variance of other fixed assets
Changes in fair value
8,621
57,692
66,313
4,243
72,565
76,808
Total Liabilities
556,273
567,138
1,123,411
712,754
622,086
1,334,840
 
Contra accounts
Financing engagements issued            
-To financial intermediaries            
-To customers            
Engagements by signature issued
281
8,291
8,572
281
8,291
8,572
-To financial intermediaries
-To customers
281
8,291
8,572
281
8,291
8,572
Fiduciary accounts and funds under management
43,028
266,301
309,329
20,769
161,072
181,841
Fiduciary accounts
43,028
266,301
309,329
20,769
161,072
181,841


Income Statement   12/31/2006 12/31/2005
Interest and similar income A
89,772
75 723
-Lebanese treasury bills  
20,288
16,580
-Deposits and similar accounts in banks and financial institutions  
33324
35,926
-Deposits in head office , branches , parent companyand foreign sister financial institutions and subsidiaries  
955
3,851
-Bonds and financial instruments with fixed income  
21,943
8,278
-Loans and advances to customers  
12,175
9,835
-Loans and advances to related parties  
1,087
1,253
-Other interest and similar income  
Interest and similar charges B
78,178
75,152
-Deposits and similar accounts from banks and financial institutions  
1,344
-Deposit from head office , branches , parent companyand foreign sister financial institutions and subsidiaries  
17,926
7,752
-Deposits from customers and other creditor accounts  
41,774
48,628
-Deposits from related parties  
2,272
1,222
-Cash contribution to capital and subordinated loans ( or notes )  
-Certificates of deposits  
16,206
16,205
-Bonds and financial instruments with fixed income  
-Other interest and similar charges  
Net allocation to provisions C
1,899
111
-Provisions for doubtful debts  
2,193
433
-Provisions for doubtful debts no more required  
294
322
Net interest received D = A - ( B + C )
9,695
460
Income from marketable securities & fin.instruments w/variable income E  
4,442
3,382
Net commissions F
4,640
4,636
-Commissions received  
4,973
4,776
-Commissions paid  
333
140
Profit on financial operations G
10,026
9,956
-Marketable securities  
4,392
6,451
-Financial fixed assets  
5,242
0
-Foreign exchange transactions  
30
5
-Financial instruments  
362
3,500
Loss on financial operations H
393
60
-Marketable securities  
-Financial fixed assets  
24
-Foreign exchange transactions  
55
31
-Financial instruments  
338
5
Net profit or loss on financial operations I
9,633
9,896
Other operating income J
698
553
Other operating charges K
165
165
General operating expenses L
8,160
8,636
-Staff expenses  
5,265
5,301
-Other operating expenses  
2,895
3,335
Allocation to provisions and depreciation of fixed assets M  
39
16
Net allocation to provisions on financial fixed assets N  
603
(4,628)
Net allocation to provisions on contra accounts O  
Net income for the year - before taxes P = D+E+F+I+J-K-L-M-N-O
20,141
14,738
Net extraordinary income - before taxes  
(105)
-Extraordinary income  
1
-Extraordinary expenses  
106
Income tax  
3,175
1,707
Share in the results of related companies under equity method *  
-Non-financial institutions  
-Financial institutions  
Net profit for the year - after taxes  
16,861
13,031