Byblos Bank L : Consolidated Unaudited FS Q4 2022 English

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2022

CAPITAL LBP 689,113,198,400 FULLY PAID,

TOTAL EQUITY LBP 4,142,185,677,000

C.R.B.14150, LIST OF BANKS NO. 39, HEAD OFFICE - BEIRUT

BOARD OF DIRECTORS	Dr. Henry T. Azzam | Director
Mr. Semaan F. Bassil | Chairman - General Manager	Mr. Yves R. Jacquot | Director
Mr. Samir A. Mouawad | Director
Dr. François S. Bassil | Chairman of Byblos Bank Group
Mr. Des S. O'Shea | Director
Auditing firms
Mr. Ahmad T. Tabbara | Director
Mr. Faisal M. Ali Al Tabsh | Director	Ernst & Young | BDO, Semaan, Gholam & Co.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

ASSETS

As at 31 December 2022 (LBP millions)

	31-Dec-22		31-Dec-21
	Unaudited		Audited
Cash and balances with central banks	14,766,880		15,546,440
Due from banks and financial institutions	1,249,294		1,213,899
Loans to banks and financial institutions and reverse repurchase agreements	362,078		287,973
Derivative financial instruments	801		632
Financial assets held at fair value through profit or loss	135,832		244,113
Net loans and advances to customers at amortized cost	2,072,055		2,816,605
Net loans and advances to related parties at amortized cost	11,160		10,847
Debtors by acceptances	1,017		48,119
Financial assets held at amortized cost	3,272,079		4,777,316
Financial assets held at fair value through other comprehensive income	166,491		160,297
Property, equipment and right-of-use assets	3,355,501		299,121
Intangible assets	16,975		16,581
Assets taken in settlement of debt	59,748		74,050
Other assets	607,089		446,821
TOTAL ASSETS	26,077,000		25,942,814

Phone [phone] | Fax [phone] | www.byblosbank.com.lb

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2022

CAPITAL LBP 689,113,198,400 FULLY PAID,

TOTAL EQUITY LBP 4,142,185,677,000

C.R.B.14150, LIST OF BANKS NO. 39, HEAD OFFICE - BEIRUT

LIABILITIES AND EQUITY

As at 31 December 2022 (LBP millions)

	31-Dec-22		31-Dec-21
	Unaudited		Audited
LIABILITIES	1,043,520		1,455,720
Due to central banks
Due to banks and financial institutions	1,376,707		1,133,052
Derivative financial instruments	1,362		1,198
Customers' deposits at amortized cost	18,608,183		19,770,030
Deposits from related parties at amortized cost	114,529		121,194
Engagements by acceptances	1,301		48,402
Other liabilities	367,906		231,711
Provisions for risks and charges	421,306		356,324
Subordinated notes	30,728		159,069
TOTAL LIABILITIES	21,965,542		23,276,700

EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT

As at 31 December 2022 (LBP millions)

	31-Dec-22		31-Dec-21
	Unaudited		Audited
Share capital - Common shares	684,273		684,273
Cash contributions to Capital	407,025		4,840
Share capital - Preferred shares	4,840		229,014
Share premium - Common shares	229,014		591,083
Share premium - Preferred shares	591,083		407,025
Non-distributable reserves	1,008,843		1,025,725
Distributable reserves	96,722		96,722
Treasury shares	(8,524)		(8,524)
Accumulated losses / Retained earnings	(285,604)		(278,081)
Revaluation reserve of real estate	2,899,256		5,689
Change in fair value of financial assets at fair value through other	(14,888)		(16,079)
comprehensive income
Net results of the financial period	(1,462,360)		(23,538)
Foreign currency translation reserve	(51,867)		(65,683)
NON-CONTROLLING INTERESTS	4,097,813		2,652,466
13,645		13,648
TOTAL EQUITY	4,111,458		2,666,114
TOTAL LIABILITIES AND EQUITY	26,077,000		25,942,814

Phone [phone] | Fax [phone] | www.byblosbank.com.lb

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2022

CAPITAL LBP 689,113,198,400 FULLY PAID,

TOTAL EQUITY LBP 4,142,185,677,000

C.R.B.14150, LIST OF BANKS NO. 39, HEAD OFFICE - BEIRUT

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2022 (LBP millions)

31-Dec-22 (Unaudited)	Banks		Customers		Total
Guarantees and financial liabilities
Financial guarantees	-		6,754		6,754
Other guarantees	11,604		361,032		372,636
		11,604		367,786		379,390
	Commitments
Documentary credits	27,598		87,750		115,348
Loan commitments	-		415,610		415,610
		27,598		503,360		530,958
	31-Dec-21 (Audited)
Guarantees and financial liabilities
Financial guarantees	-		18,854		18,854
Other guarantees	17,635		399,441		417,076
		17,635		418,295		435,930
	Commitments
Documentary credits	24,552		232,677		257,229
Loan commitments	-		462,132		462,132
		24,552		694,809		719,361

Phone [phone] | Fax [phone] | www.byblosbank.com.lb

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2022

CAPITAL LBP 689,113,198,400 FULLY PAID,

TOTAL EQUITY LBP 4,142,185,677,000

C.R.B.14150, LIST OF BANKS NO. 39, HEAD OFFICE - BEIRUT

CONSOLIDATED INCOME STATEMENT

Year ended 31 December 2022 (LBP million)

		31-Dec-22		31-Dec-21
		Unaudited		Audited
	CONTINUING OPERATIONS
Interest and similar income	1,432,985		1,667,847
Less: Tax on interest	(114,421)		(147,004)
Interest and similar income (net of tax on interest)	1,318,564		1,520,843
Interest and similar expense	(315,005)		(473,794)
NET INTEREST INCOME	1,003,559		1,047,049
Fees and commissions income	155,963		118,584
Fees and commissions expense	(673,055)		(44,812)
NET FEES AND COMMISSIONS INCOME	(517,092)		73,772
Net loss on financial assets fair value through profit or loss	(1,317,895)		(292,079)
of which: interest revenues/charges	89		102
Revenue from financial assets at fair value through other comprehensive
income	3,231		2,240
Net loss on financial assets at amortized cost	(38,240)		(7,825)
Other operating income	22,875		8,565
TOTAL OPERATING INCOME	(843,562)		831,722
Net impairment loss on financial assets	35,058		(427,653)
Impairment losses on financial investments
NET OPERATING INCOME	(808,504)		404,069
Personnel expenses	(208,920)		(160,849)
Depreciation of property, equipment and right-of-use assets and amortization	(23,829)		(26,056)
of intangible assets
Other operating expenses	(325,967)		(120,585)
TOTAL OPERATING EXPENSES	(558,716)		(307,490)
OPERATING PROFIT (LOSS)	(1,367,220)		96,579
Provisions for risks and charges	(68,893)		(64,657)
Net gain (loss) from disposal of property, equipment and right-of-use assets	113		590
(LOSS) PROFIT BEFORE TAX FROM CONTINUING OPERATIONS	(1,436,000)		32,512
Income tax expense	(26,244)		(57,699)
LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS	(1,462,244)		(25,187)
DISCONTINUED OPERATIONS	-		(1,580)
Loss for the period from discontinued operations, net of tax
LOSS FOR THE PERIOD	(1,462,244)		(26,767)
Attributable to:	(1,462,360)		(23,538)
Equity holders of the parent
Non-controlling interests	116		(3,229)
		(1,462,244)		(26,767)

Phone [phone] | Fax [phone] | www.byblosbank.com.lb

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2022

CAPITAL LBP 689,113,198,400 FULLY PAID,

TOTAL EQUITY LBP 4,142,185,677,000

C.R.B.14150, LIST OF BANKS NO. 39, HEAD OFFICE - BEIRUT

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Year ended 31 December 2022 (LBP million)

			31-Dec-22		31-Dec-21
			Unaudited		Audited
		Loss for the period from continuing operations	(1,462,244)		(25,187)
	Loss from discontinued operations	-		(1,580)
	LOSS FOR THE PERIOD	(1,462,244)		(26,767)
	OTHER COMPREHENSIVE INCOME (LOSS)
Items to be reclassified to the income statement in subsequent periods:
Net unrealized loss from debt instruments at fair value through other	(3,036)		(2,867)
comprehensive income
Income tax effect	547		515
Exchange difference on translation of foreign operations	(2,489)		(2,352)
14,708		(4,158)
Net other comprehensive income (loss) to be reclassified to the	12,219		(6,510)
	income statement in subsequent periods
	Items not to be reclassified to the income statement in subsequent periods:
	Net unrealized gain (loss) from equity instruments at fair value through	4,435		8,812
other comprehensive income
Income tax effect	(754)		(1,347)
			3,681		7,465
	Re-measurement (losses) gains on defined benefit plans
	Net other comprehensive income not to be reclassified to the	3,681		7,465
	income statement in subsequent periods
	OTHER COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD NET OF TAX	15,900		955
	TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD NET OF TAX	(1,446,344)		(25,812)
	Attributable to:	(1,446,325)		(25,678)
	Equity holders of the parent
	Non-controlling interests	(20)		(134)
			(1,446,344)		(25,812)

Phone [phone] | Fax [phone] | www.byblosbank.com.lb