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  MEAB is registered in the Lebanese Banks' list under number 110

 Balance Sheet

 
BALANCE SHEET AT 31/12/2010

 
(LBP millions) 31-Dec-10 Unaudited 31-Dec-09
 

Assets

   
 
Cash and balances with central banks 184,318 133,266
Loans & advances to banks & financial institutions 167,280 109,343
Loans and advances to customers 547,263 300,382
Debtors by acceptances 13,706 9,180
Investment securities:    
    Designated at fair value through profit or loss 4,370 4,370
    Available for sale 162,495 173,174
    Loans and receivables 54,723 58,023
    Held to maturity 75,597 81,452
Property and equipment 29,812 8,445
Other assets 2,617 2,203

Total assets

1,242,181

879,838

     

Liabilities

Deposits from banks, central banks & financial institutions

122,225

48,144

Due to customers

1,021,989

752,624

Engagements by acceptances 13,706 9,180
Other liabilities 1,798 1,860
Current income tax liabilities 1,860 926
Provisions for other liabilities and charges 23 29
Deferred income tax liabilities 574 758
Retirement benefit obligations 817 761

Total liabilities

1,162,992

814,282

     

Capital and reserves

Share capital 41,000 41,000
Retained earnings 11,572 8,440
Other reserves 26,617 16,116

Total equity

79,189

65,556

     

Total liabilities and equity

1,242,181

879,838

     

Contingents Liabilities & commitments

Letters of guarantee - clients

33,166

39,292

Confirmed documentary credit-import

31,579

31,276

Translation differences on foreign currency forward contracts 7 3

Total contingents liabilities & commitments

64,752

70,571

     


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Last update 2011