BLOM Bank SAL : Eng (LBP) HI - 2022

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

Financial Results as at

30/6/2022

Consolidated Statement of Financial Position

	Assets (In LBP Million)	30/6/2022	31/12/2021
	Unaudited	Audited
	Cash and balances with central banks	27,783,875	27,678,591
	Due from banks and financial institutions	1,842,925	1,873,164
	Derivative financial instruments	13,927	4,351
	Financial assets at fair value through profit or loss (FVTPL)	546,131	478,934
	Net loans and advances to customers at amortised cost	3,024,537	3,370,460
	Net loans and advances to related parties at amortised cost	6,106	8,870
	Debtors by acceptances	4,651	5,409
	Financial assets at amortised cost	5,076,480	5,411,444
	Financial assets at fair value through other comprehensive income (FVTOCI)	68,936	64,265
	Property, equipment and right-of-use assets	737,433	754,082
	Intangible assets	2,268	3,079
	Assets obtained in settlements of debt	47,867	46,862
	Other assets	234,703	199,945
	Goodwill	2,024	2,078
	Total Assets	39,391,863	39,901,534

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 with 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 out that 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)	30/6/2022	31/12/2021
	Unaudited	Audited
	Due to central banks	2,808,379	2,872,037
	Due to banks & financial institutions	239,533	226,769
	Derivative financial instruments	13,499	7,868
	Customers' deposits at amortised cost	29,729,149	30,587,056
	Related parties' deposits at amortised cost	94,688	98,905
	Debt issued and other borrowed funds	38,175	38,183
	Engagements by acceptances	4,678	5,418
	Other liabilities	1,014,436	970,755
	Provisions for risks and charges	673,940	288,329
	Subordinated notes	6,415	9,588
	Total Liabilities	34,622,892	35,104,908
	Shareholders' Equity
	Share capital - common shares	322,500	322,500
	Share premium on common shares	374,059	374,059
	Non distributable reserves	2,003,750	1,839,387
	Distributable reserves	710,192	533,717
	Treasury shares	(4,434)	(4,434)
	Retained earnings	1,474,719	1,815,776
	Reserves for revaluation variance-real estate	14,727	14,727
	Changes in fair value of financial assets at FVTOCI	1,509	3,566
	Foreign currency translation reserve	(229,124)	(205,357)
	Non-controlling interests	101,073	102,685
	out of which : Profit allocated to non-controlling interests	3,840	6,658
	Profit of the financial period - Profit / (Loss)	-	-
	Total Shareholders' Equity	4,768,971	4,796,626
	Total Liabilities and Shareholders' Equity	39,391,863	39,901,534

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

Consolidated Statement of Financial Position

Off Financial Position (In LBP Million)

Financing commitments

Financing commitments issued

Financing commitments received from financial intermediaries Commitments to lend

30/6/2022	31/12/2021
Unaudited	Audited

10,73117,848

89,889106,306

178,045172,827

Guarantees
Guarantees given to financial intermediaries	30,310	47,015
Guarantees received from financial intermediaries	44,646	41,962
Guarantees given to customers	339,039	363,281
Guarantees received from customers	14,133,225	16,100,322
Operations in foreign currencies
Foreign currencies to receive	638,302	745,644
Foreign currencies to deliver	638,056	743,311
Commitments on term financial instruments	731,906	843,024
Other commitments	2,350,185	2,352,423
Fiduciary deposits	430,296	258,519
Under specific instructions	430,296	258,519
Financial assets under management	6,840,342	6,311,386
Bad loans fully provided for and transferred to off balance sheet
during the period	40,008	137,086

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

Consolidated Income Statement

	(In LBP Million)		30/6/2022	30/6/2021
	For the period ended	Unaudited	Unaudited
	Continuing Operations
	Interest and similar income		1,238,431	1,315,685
	Interest and similar expense		(125,188)	(204,048)
	Net interest income		1,113,243	1,111,637
	Fees and commission income		139,612	78,168
	Fees and commission expense		(235,165)	(24,078)
	Net fees and commission income		(95,553)	54,090
	Net (loss) from financial assets at fair value through profit or loss	(574,442)	(413,837)
	Net gain (loss) on financial operations		522	279
	Other operating income		2,845	7,081
	Total operating income		446,615	759,250
	Net impairment loss on financial assets		100,493	(492,041)
	Net operating income		547,108	267,209
	Personnel expenses		(211,649)	(124,161)
	Other operating expenses		(226,007)	(76,578)
	Depreciation of property, equipment and right-of-use-assets	(14,484)	(14,939)
	Amortization of intangible assets		(855)	(1,017)
	Total operating expenses		(452,995)	(216,695)
	Operating profit		94,113	50,514
	Net gain on disposal of property and equipment	656	50
	Profit before tax from continuing operations	94,769	50,564
	Income tax expense		(90,929)	(59,366)
	(Loss) Profit from continuing operations		3,840	(8,802)
	Profit from discontinued operations, net of tax	-	11,277
	Profit for the period		3,840	2,475
	Attributable to equity holders of the parent		-	118
	Attributable to non-controlling interests		3,840	2,357