BLOM Bank SAL : ENG (LBP) Q2-2023

b l o m b a n k . c o m

Financial Results as at

30/6/2023

Consolidated Statement of Financial Position

	Assets (In LBP Million)	30/6/2023	31/12/2022
	Unaudited	Audited
	Cash and balances with central banks	213,486,944	28,748,794
	Due from banks and financial institutions	18,398,037	1,989,350
	Derivative financial instruments	15,469	848
	Financial assets at fair value through profit or loss (FVTPL)	5,415,581	544,074
	Net loans and advances to customers at amortised cost	15,944,353	2,577,269
	Net loans and advances to related parties at amortised cost	55,225	6,283
	Debtors by acceptances	51,969	5,825
	Financial assets at amortised cost	22,257,847	3,970,231
	Financial assets at fair value through other comprehensive income (FVTOCI)	586,735	66,985
	Property, equipment and right-of-use assets	2,386,485	719,980
	Intangible assets	14,218	2,218
	Assets obtained in settlements of debt	156,014	49,588
	Other assets	1,257,918	193,014
	Goodwill	20,959	2,063
	Total Assets	280,083,754	38,876,522

* The official USD/LBP rate was increased from 1507.5 to 15000 on 01-02-2023. Note of the Bank:

BLOM Bank is required to comply by all BDL circulars as stipulated in the Code of Money and Credit, especially article 208. As a result, the Bank has complied for the year 2021 accounts, by these circulars when calculating expected credit losses in accordance to the specified ratios listed in Appendix 6 of BDL circular number 44, and as amended by the intermediate circular number 543 issued by BDL on February 3rd, 2020. It is necessary to point to the deteriorating economic and monetary situation in the markets, and the continued absence of agreement on an adequate financial rescue plan, make it very difficult to estimate the negative impact of the current crisis on the Financial Statements according to the international accounting standards.

b l o m b a n k . c o m

Consolidated Statement of Financial Position

	Liabilities (In LBP Million)	30/6/2023	31/12/2022
	Unaudited	Audited
	Due to central banks	2,024,055	2,064,023
	Due to banks & financial institutions	2,544,192	176,589
	Derivative financial instruments	14,611	998
	Customers' deposits at amortised cost	249,478,158	30,689,998
	Related parties' deposits at amortised cost	637,532	73,301
	Debt issued and other borrowed funds	-	38,183
	Engagements by acceptances	52,047	5,833
	Other liabilities	3,785,444	752,227
	Provisions for risks and charges	2,014,304	351,971
	Subordinated notes	38,835	4,869
	Total Liabilities	260,589,178	34,157,992
	Shareholders' Equity
	Share capital - common shares	322,500	322,500
	Share premium on common shares	374,059	374,059
	Non distributable reserves	13,169,374	1,998,927
	Distributable reserves	748,087	708,061
	Treasury shares	(4,434)	(4,434)
	Retained earnings	1,157,956	1,285,163
	Reserves for revaluation variance-real estate	14,727	14,727
	Changes in fair value of financial assets at FVTOCI	2,525	139
	Foreign currency translation reserve	2,964,546	(80,054)
	Non-controlling interests	745,236	99,442
	out of which : Profit allocated to non-controlling interests	46,087	7,182
	Profit of the financial period - Profit / (Loss)	0	0
	Total Shareholders' Equity	19,494,576	4,718,530
	Total Liabilities and Shareholders' Equity	280,083,754	38,876,522

* The official USD/LBP rate was increased from 1507.5 to 15000 on 01-02-2023.

b l o m b a n k . c o m

Consolidated Statement of Financial Position

	Off Financial Position (In LBP Million)	30/6/2023	31/12/2022
	Unaudited	Audited
	Financing commitments
	Financing commitments issued	136,163	10,246
	Financing commitments received from financial intermediaries	694,431	114,748
	Commitments to lend	1,162,200	190,512
	Guarantees
	Guarantees given to financial intermediaries	263,380	26,354
	Guarantees received from financial intermediaries	476,367	43,590
	Guarantees given to customers	2,870,956	377,375
	Guarantees received from customers	96,446,529	12,945,662
	Commitments on financial assets
	Financial assets to receive	-	-
	Financial assets to deliver	-	-
	Operations in foreign currencies
	Foreign currencies to receive	4,321,347	265,117
	Foreign currencies to deliver	4,314,372	267,664
	Commitments on term financial instruments	2,930,555	169,804
	Other commitments	1,753,483	1,677,150
	Fiduciary deposits	5,547,174	554,375
	Under specific instructions	5,547,174	554,375
	Financial assets under management	97,582,740	9,424,996
	Bad loans fully provided for and transferred to off balance
	sheet during the period	6,879,465	(308,506)

* The official USD/LBP rate was increased from 1507.5 to 15000 on 01-02-2023.

b l o m b a n k . c o m

Consolidated Income Statement

	(In LBP Million)	30/6/2023	30/6/2022
	Unaudited	Unaudited
	Interest and similar income	4,627,296	1,238,431
	Interest and similar expense	(515,493)	(125,188)
	Net interest income	4,111,803	1,113,243
	Fees and commission income	1,220,039	139,612
	Fees and commission expense	(771,416)	(261,300)
	Net fees and commission income	448,623	(121,688)
	Net gain (loss) from financial assets at fair value through profit or loss	379,458	(574,442)
	Net gain on financial operations	10,244	552
	Other operating income	25,687	2,604
	Total operating income	4,975,815	420,239
	Net (impairment loss) recovery on financial assets	(1,582,735)	127,827
	Discount on Loans	(4,102)	(958)
	Net operating income	3,388,978	547,108
	Personnel expenses	(1,631,465)	(211,649)
	Other operating expenses	(1,349,213)	(226,007)
	Depreciation of property, equipment and right-of-use-assets	(45,812)	(14,484)
	Amortization of intangible assets	(5,485)	(855)
	Total operating expenses	(3,031,975)	(452,995)
	Operating profit	375,003	94,113
	Net (loss) gain on disposal of property and equipment	(10)	656
	Profit before tax	356,993	94,769
	Income tax expense	(310,906)	(90,929)
	Net profit	46,087	3,840
	Attributable to equity holders of the parent	0	0
	Attributable to non-controlling interests	46,087	3,840

* The official USD/LBP rate was increased from 1507.5 to 15000 on 01-02-2023.