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

Balance Sheet

 
 STATEMENT OF COMPREHENSIVE INCOME

 

(LBP millions)

31-Dec-10 Unaudited 31-Dec-09

 

   
 
Interest and similar income 54,075 44,836
Interest expense and similar charges (37,082) (31,840)

Net interest income

16,993

12,996

 

   
Fees and commissions income

6,551

4,589

Fees and commissions expense

(404)

(346)

Net fees and commissions income

6,147 4,243

 

   
Net trading income 2,766 2,614
Net releases (charges) of impairment on loans & advances to customers 3,480 760
Other operating income 311 997
Staff expenses (6,543) (5,842)
General & Other operating expenses (4,168) (4,243)
Amortization & depreciation expenses (1,609) (1,423)

Total Operating expenses

(5,763) (7,137)

 

   

Profit before income tax

17,377 10,102

Income tax expense

(2,698) (1,655)

Net profit for the year

14,679 8,447
     

Other comprehensive income

 

   
Other comprehensive of available for sale securities net of tax (1,046) 2,269

Total comprehensive income for the year

13,633 10,716
     
     


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Last update 2011