BLOM Bank SAL : ENG (LBP) Q3 - 2022

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

Financial Results as at

30/9/2022

Consolidated Statement of Financial Position

	Assets (In LBP Million)	30/9/2022	31/12/2021
	Unaudited	Audited
	Cash and balances with central banks	27,147,848	27,678,591
	Due from banks and financial institutions	1,786,171	1,873,164
	Derivative financial instruments	4,112	4,351
	Financial assets at fair value through profit or loss (FVTPL)	492,146	478,934
	Net loans and advances to customers at amortised cost	2,969,670	3,370,460
	Net loans and advances to related parties at amortised cost	6,364	8,870
	Debtors by acceptances	4,856	5,409
	Financial assets at amortised cost	4,577,466	5,411,444
	Financial assets at fair value through other comprehensive income (FVTOCI)	68,112	64,265
	Property, equipment and right-of-use assets	727,863	754,082
	Intangible assets	2,097	3,079
	Assets obtained in settlements of debt	49,094	46,862
	Other assets	212,517	199,945
	Goodwill	2,002	2,078
	Total Assets	38,050,318	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)	30/9/2022	31/12/2021
	Unaudited	Audited
	Due to central banks	2,673,905	2,872,037
	Due to banks & financial institutions	220,498	226,769
	Derivative financial instruments	4,349	7,868
	Customers' deposits at amortised cost	29,296,574	30,587,056
	Related parties' deposits at amortised cost	90,395	98,905
	Debt issued and other borrowed funds	38,888	38,183
	Engagements by acceptances	4,864	5,418
	Other liabilities	757,273	970,755
	Provisions for risks and charges	248,040	288,329
	Subordinated notes	6,172	9,588
	Total Liabilities	33,340,958	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	2,003,734	1,839,387
	Distributable reserves	703,224	533,717
	Treasury shares	(4,434)	(4,434)
	Retained earnings	1,433,653	1,815,776
	Reserves for revaluation variance-real estate	14,727	14,727
	Changes in fair value of financial assets at FVTOCI	374	3,566
	Foreign currency translation reserve	(241,324)	(205,357)
	Non-controlling interests	102,847	102,685
	out of which : Profit allocated to non-controlling interests	6,588	6,658
	Profit of the financial period - Profit	0	0
	Total Shareholders' Equity	4,709,360	4,796,626
	Total Liabilities and Shareholders' Equity	38,050,318	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)	30/9/2022	31/12/2021
	Unaudited	Audited
	Financing commitments
	Financing commitments issued	9,133	17,848
	Financing commitments received from financial intermediaries	77,425	106,306
	Commitments to lend	191,620	172,827
	Guarantees
	Guarantees given to financial intermediaries	28,885	47,015
	Guarantees received from financial intermediaries	42,058	41,962
	Guarantees given to customers	300,311	363,281
	Guarantees received from customers	13,548,896	16,100,322
	Operations in foreign currencies
	Foreign currencies to receive	441,395	745,644
	Foreign currencies to deliver	440,183	743,311
	Commitments on term financial instruments	482,654	843,024
	Other commitments	2,350,036	2,352,423
	Fiduciary deposits	548,675	258,519
	Under specific instructions	548,675	258,519
	Financial assets under management	6,688,685	6,311,386
	Bad loans fully provided for and transferred to off balance sheet
	during the period	(28,260)	137,086

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

Consolidated Income Statement

	(In LBP Million)		30/9/2022	30/9/2021
	For the period ended	Unaudited	Unaudited
	Continuing Operations
	Interest and similar income		1,863,141	1,961,880
	Interest and similar expense		(185,578)	(283,113)
	Net interest income		1,677,563	1,678,767
	Fees and commission income		211,803	118,770
	Fees and commission expense		(313,035)	(59,057)
	Net fees and commission income		(101,232)	59,713
	Net (loss) from financial assets at fair value through profit or loss	(894,203)	(635,907)
	Net gain on financial operations		4,643	689
	Other operating income		5,062	37,256
	Total operating income		691,833	1,140,518
	Net impairment loss on financial assets		11,278	(820,914)
	Net operating income		703,111	319,604
	Personnel expenses		(314,942)	(185,524)
	Other operating expenses		(292,080)	(124,384)
	Depreciation of property, equipment and right-of-use-assets	(21,723)	(22,230)
	Amortization of intangible assets		(1,263)	(1,449)
	Total operating expenses		(630,008)	(333,587)
	Operating profit		73,103	(13,983)
	Net gain on disposal of property and equipment	687	86
	Profit (Loss) before tax from continuing operations	73,790	(13,897)
	Income tax expense		(67,202)	(132,260)
	Profit (Loss) from continuing operations		6,588	(146,157)
	Profit from discontinued operations, net of tax	-	150,832
	Net Profit		6,588	4,675
	Attributable to equity holders of the parent		-	171
	Attributable to non-controlling interests		6,588	4,504