BQAD.L Regulatory News (BQAD)

Consolidated Statement of Financial Position (Unaudited)

(LBP Million)

ASSETS

31/12/2015

31/12/2014

Cash and balances with Central Banks

13,754,922

13,247,387

Deposits with banks and financial institutions

2,704,430

3,608,892

Loans to banks and financial institutions and reverse repurchase agreements

2,585,553

2,928,743

Due from head office, sister, related banks and financial institutions

-

-

Financial assets given as collateral

-

-

Derivative financial instruments

265,863

197,127

Shares and participations at fair value through profit and loss

59,292

58,170

Debt instruments and other similar financial assets at fair value through profit and loss

302,245

458,652

Of which: Net advances and loans at fair value through profit and loss

-

12,043

Net loans and advances to customers at amortized cost (1)

26,834,992

25,775,338

Net loans and advances to related parties at amortized cost (2)

214,552

110,007

Debtors by acceptances

240,605

340,480

Debt instruments classified at amortized cost (3)

14,784,574

14,573,743

Shares and participations at fair value through other comprehensive income

144,375

135,706

Investments in associates

 13,989

27,762

Assets taken in settlement of debts

72,779

18,510

Property and equipment

963,331

948,541

Intangible fixed assets

114,997

92,652

Non current assets held for sale

-

-

Other assets

469,891

536,536

Goodwill

198,880

197,473

Total assets

63,725,270

63,255,719

(1) After deduction of provisions amounting to LBP 689,100 million from loans and advances to customers as per IAS 39, of which LBP 244,559 million representing provisions on collective assessment.

(2) Loans granted to related parties against cash collateral amounted to LBP 153,383 million.

(3) Includes an amount of LBP 2,332 billion with risk ceded to customers.

Consolidated Statement of Financial Position (Unaudited)

(LBP Million)

LIABILITIES

31/12/2015

31/12/2014

Due to Central Banks

569,856

438,385

Due to banks and financial institutions and repurchase agreement

2,340,565

1,785,794

Due to head office, sister, related banks and financial institutions

-

-

Financial assets taken as a guarantee

-

-

Derivative financial instruments

131,199

116,303

Financial liabilities at fair value through profit and loss

-

-

Of which: deposits at fair value through profit and loss

-

-

Customers' deposits at amortized cost

52,969,286

53,413,209

Deposits from related parties at amortized cost

711,710

586,621

Debt issued and other borrowed funds

80,353

89,528

Engagements by acceptances

240,605

340,480

Other liabilities

581,408

519,980

Provisions for risks and charges

162,929

153,961

Subordinated loans and similar debts

973,629

764,927

Non current liabilities held for sale

-

-

Total liabilities

58,761,540

58,209,188

Shareholders' Equity - Group share

Share capital - Common shares

661,985

659,586

Share capital - Preferred shares

6,210

8,250

Issue premium - Common shares

883,582

883,582

Issue premium - Preferred shares

559,102

745,500

Subsidiary shares warrants

17,145

17,195

Share Capital and Cash contribution to capital

72,586

72,586

Non distributable reserves

1,179,217

1,050,579

Distributable reserves

642,867

616,976

Treasury shares

-

 (4,929)

Retained earnings

673,239

599,388

Proposed dividends

-

-

Revaluation reserve of real estate

360,488

353,974

Reserve on revaluation of financial assets at fair value through other comprehensive income

36,211

27,527

Remeasurement actuarial (gain)/Loss on defined benefit plan

 (5,592)

 (13,155)

Share of associates' other comprehensive income under equity method

4,546

4,546

Foreign currency translation reserve

 (708,848)

 (552,183)

Net (loss) gain on hedge of net investments in foreign entities

 (65,613)

348

Result of the current Period

582,558

513,500

Shareholders' Equity _ Group Share

4,899,683

4,983,270

Non Controlling Interest

64,047

63,261

Total shareholders' equity

4,963,730

5,046,531

Total liabilities and shareholders' equity

63,725,270

63,255,719

(LBP Million)

Consolidated Off Balance Sheet (Unaudited)

31/12/2015

31/12/2014

Financing commitments

Financing commitments given to banks and financial institutions

548,320

706,121

Financing commitments given to customers

5,222,427

4,615,772

Bank guarantees

Guarantees given to banks and financial institutions

246,125

385,315

Of which: credit derivatives

-

-

Guarantees received from banks and financial institutions

2,604,351

3,162,128

Of which: credit derivatives

-

-

Guarantees given to customers

2,529,315

2,302,773

Guarantees received from customers

31,860,938

25,405,355

Financial notes commitments

Financial notes commitments to be received

-

-

Of which: financial instruments sold with a buy back option

-

-

Financial notes commitments to be delivered

-

-

Of which: financial instruments purchased with a buy back option

-

-

Foreign currencies forwards

Foreign currencies to receive

7,123,043

5,049,267

Foreign currencies to deliver

7,215,797

5,053,068

Commitments on term financial instruments

9,599,732

10,411,834

Other Commitments

-

-

Claims from legal cases

-

-

Fiduciary accounts

2,255,152

1,727,524

Under specific instructions

1,963,991

1,427,779

Under discretionary investments

291,161

299,745

Assets under management

12,185,015

12,933,370

Mutual funds

407,021

561,719

Structured financial products

-

-

Engagement unlikely to be executed

-

-

Bad debts written off during the year

35,046

13,676

(LBP Million)

Consolidated Income statement (unaudited)

2015

2014

Interest and similar income

3,771,787

3,401,120

Interest and similar expense

 (2,307,795)

(2,150,881)

Net interest margin

1,463,992

1,250,239

Fee and commission income

507,069

458,795

Fee and commission expense

 (100,404)

(85,356)

Net Fee and commission Income

406,665

373,439

Net gain on financial assets or liabilities at fair value through profit and loss

1,783

52,189

Of which: interest income

25,745

18,683

Net gain on financial investments

224,801

294,146

Other operating Income

26,244

23,307

Total operating income

2,123,485

1,993,320

Net provisions for credit losses

 (200,009)

(209,748)

Net Operating income

1,923,476

1,783,572

Personnel expenses

 (636,289)

 (632,571)

Other operating expenses

 (406,760)

 (374,789)

Depreciation of property and equipment

 (74,413)

 (64,674)

Amortization of intangible assets

 (28,827)

 (23,602)

Impairment of goodwill

 (5,457)

 (3,015)

Total Operating Expenses

 (1,151,746)

 (1,098,651)

Operating Profit

771,730

684,921

Share of profit of associates under equity method

3,307

373

Net gain (loss) on disposal of other asset

 (626)

816

Profit before tax

774,411

686,110

Income tax

 (166,684)

(158,025)

Profit after tax

607,727

528,085

Result of discontinued operations, net of tax

-

40

Profit for the current period

607,727

528,125

Minority Share Profit for the current period

25,169

14,625

Group Share Profit for the current period

582,558

513,500

Basic earnings per share LBP

1,374

1,297

Basic earnings per share from continuing operations LBP

1,374

1,297