Balance Sheet
(Audited)

  2008 2007
  (L.L.000) (L.L.000)
Assets
Cash and deposits with banks 10,457,308 5,629,852
Loans (net) 106,178,893 89,007,863
Other assets 2,188,571 1,751,876
Forceclosed assets 1,846,681 1,174,936
Property & Equipment (net) 515,479 585,691
Total Assets 121,186,933 98,150,218
Liabilities
Due to banks 1,780,315 445,571
Term debts 53,510,279 40,622,464
Taxes payable 1,345,823 1,067,806
Accounts payable 6,092,389 4,448,797
Other liabilities 2,849,311 2,225,592
Provision for end-of-service indemnity 811,903 764,413
Total Liabilities 66,390,020 49,574,643
SHAREHOLDER'S EQUITY
Capital 10,000,000 10,000,000
Additional paid in capital 25,427,440 25,427,440
Legal reserves 2,327,507 1,805,711
Retained earnings 10,820,626 6,124,456
Net income for the year 6,221,339 5,217,968
Total shareholders’ equity 54,796,913 48,575,575
Total Liabilities and Shareholder's Equity 121,186,933 98,150,218
1 USD = 1,507.5 LBP
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