ANNUAL REPORT  2000

Chairman’s Letter    History    Vision & Values    Board of Directors & Management    Economic Outlook    Report of Independent Auditors

Balance Sheets    Statements of Income    Notes to Financial Statements     Branches    Correspondents

 

BALANCE SHEETS

ASSETS

Note

2000
LBP 000s

1999
LBP 000s

Cash and Banque du Liban

3

32,795,762

25,979,805

Lebanese treasury bonds and other governmental bonds

 2/e,4 14,145,048

34,110,220

Marketable securities and financial instruments of variable income

2/g,5 92,120

92,301

Banks and financial institutions

 6 64,643,264

11,634,902

     Demand

  63,780,714

10,726,047

     Term

  862,550

908,855

Loans and advances to customers

2/h,7 166,279,542

180,208,351

Commercial loans

  2,010,131

1,318,633

Other loans granted to customers

   43,999,420

85,281,175

Current accounts debit

  77,141,801

47,713,397

Loans and advances to related parties (article 152 of C.M.C)

 

 1,837,923

2,720,128

Net doubtful debts

  41,290,267

43,175,018

Debtors against acceptances

8

1,421,978

387,009

Tangible fixed assets

2/i,9

32,487,779

30,692,128

Intangible fixed assets

2/i,10

 5,769,468

-

Other assets

11

58,642

27,944

Regularization accounts and other debit accounts

12

1,453,884

42,448,634

Total Assets *

 

 319,147,487

325,581,294

     

 

     Off Balance Sheet

    

 

Engagements by endorsement received from financial intermediaries

23

 

 
     

 

* After deduction of:

 

  

 

Provisions for doubtful debts

 

  

 

Unrealized interest on doubtful debts

  20,439,636

20,479,010

Unrealized interest on substandard loans

   1,521,042

1,309,699

Provisions for doubtful banks

 

1,976,003

1,976,003

The accompanying notes form an integral part of these financial statements and should be read with them

 

 

LIABILITIES

 Note

2000
LBP 000s

1999
LBP 000s

Banque du liban

 

3,000,004

-

Banks and financial institutions

13

37,585,259

4,724,208

Demand

  

33,835,259

2,682,603

Term

  

3,750,000

2,041,605

Customers' deposits

14

185,498,881

234,938,912

Demand

  

37,493,137

8,836,658

Term

  

21,553,345

34,881,260

Saving accounts

  

124,476,726

189,638,161

Related parties accounts

  

1,975,673

1,582,833

Engagements by acceptances

  

1,421,978

387,009

Other liabilities

15

37,444,497

23,824,971

Regularization accounts and other credit accounts

16

7,535,306

15,904,758

Provisions for contingencies and charges

2/l,17

1,509,742

994,085

Revaluation variance accepted in Tier 2 capital

18

2,628,904

2,929,104
 

Total capital or contribution to capital

19

45,540,000

45,540,000

Reserve for unidentified banking risks

2/n,20

 

-

Legal reserve

2/m,21

 

-

Brought forward results profit (losses)

22

(3,661,753)

(430,518)

Net results for the financial period profit (loss)

 

644,669

(3,231,235)

Total Liabilities

 

319,147,487

325,581,294

 

 

 

 

Off- balance Sheet

 

 

 

Engagements by endorsement given :

23

12,569,520

11,610,201

Financial intermediaries

  

1,208,794

938,218

Customers

  

11,360,726

10,671,983

The accompanying notes form an integral part of these financial statements and should be read with them
 




 

Chairman’s Letter    History    Vision & Values    Board of Directors & Management    Economic Outlook    Report of Independent Auditors

Balance Sheets    Statements of Income    Notes to Financial Statements  Branches    Correspondents