Byblos Bank L : Consolidated Unaudited FS Q3 2022 English

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 September 2022

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

TOTAL EQUITY LBP 2,583,529,121,000

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 30 September 2022 (LBP millions)

	30-Sep-22		31-Dec-21
	Unaudited		Audited
Cash and balances with central banks	15,706,226		15,546,440
Due from banks and financial institutions	1,021,725		1,213,899
Loans to banks and financial institutions and reverse repurchase agreements	307,373		287,973
Derivative financial instruments	1,559		632
Financial assets held at fair value through profit or loss	136,608		244,113
Net loans and advances to customers at amortized cost	2,379,674		2,816,605
Net loans and advances to related parties at amortized cost	12,416		10,847
Debtors by acceptances	63,871		48,119
Financial assets held at amortized cost	4,150,389		4,777,316
Financial assets held at fair value through other comprehensive income	168,355		160,297
Property, equipment and right-of-use assets	298,803		299,121
Intangible assets	15,530		16,581
Assets taken in settlement of debt	61,510		74,050
Other assets	611,328		446,821
TOTAL ASSETS	24,935,367		25,942,814

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

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 September 2022

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

TOTAL EQUITY LBP 2,583,529,121,000

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

LIABILITIES AND EQUITY

As at 30 September 2022 (LBP millions)

	30-Sep-22		31-Dec-21
	Unaudited		Audited
LIABILITIES	1,278,417		1,455,720
Due to central banks
Due to banks and financial institutions	1,032,107		1,133,052
Derivative financial instruments	2,077		1,198
Customers' deposits at amortized cost	19,154,060		19,770,030
Deposits from related parties at amortized cost	132,961		121,194
Engagements by acceptances	64,154		48,402
Other liabilities	278,126		231,711
Provisions for risks and charges	409,937		356,324
Subordinated notes	164,904		159,069
TOTAL LIABILITIES	22,516,743		23,276,700

EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT

As at 30 September 2022 (LBP millions)

	30-Sep-22		31-Dec-21
	Unaudited		Audited
Share capital - Common shares	684,273		684,273
Cash contribution to Capital	407,025		407,025
Share capital - Preferred shares	4,840		4,840
Share premium - Common shares	229,014		229,014
Share premium - Preferred shares	591,083		591,083
Non-distributable reserves	1,001,841		1,025,725
Distributable reserves	96,722		96,722
Treasury shares	(8,524)		(8,524)
Accumulated losses	(302,186)		(278,081)
Revaluation reserve of real estate	5,689		5,689
Change in fair value of financial assets at fair value through other	(16,033)		(16,079)
comprehensive income
Net results of the financial period	(233,502)		(23,538)
Foreign currency translation reserve	(57,008)		(65,683)
NON-CONTROLLING INTEREST	2,403,234		2,652,466
15,390		13,648
TOTAL EQUITY	2,418,624		2,666,114
TOTAL LIABILITIES AND EQUITY	24,935,367		25,942,814

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

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 September 2022

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

TOTAL EQUITY LBP 2,583,529,121,000

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

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 September 2022 (LBP millions)

30-Sep-22 (Unaudited)	Banks		Customers		Total
Guarantees and financial liabilities
Financial guarantees	-		11,728		11,728
Other guarantees	12,788		364,340		377,128
		12,788		376,068		388,856
	Commitments
Documentary credits	18,040		82,321		100,361
Loan commitments	-		575,839		575,839
		18,040		658,160		676,200
	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 30 September 2022

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

TOTAL EQUITY LBP 2,583,529,121,000

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

CONSOLIDATED INCOME STATEMENT

Period ended 30 September 2022 (LBP million)

		30-Sep-22		30-Sep-21
		Unaudited		Unaudited
	CONTINUING OPERATIONS
Interest and similar income	1,126,450		1,269,415
Less: Tax on interest	(96,309)		(111,154)
Interest and similar income (net of tax on interest)	1,030,141		1,158,261
Interest and similar expense	(247,704)		(378,908)
NET INTEREST INCOME	782,437		779,353
Fee and commissions income	105,530		86,107
Fee and commissions expense	(478,056)		(35,190)
NET FEES AND COMMISSIONS INCOME (EXPENSE)	(372,526)		50,917
Net loss on financial assets fair value through profit or loss	(294,681)		(49,127)
of which: interest revenues/charges	74		77
Revenue from financial assets at fair value through other comprehensive
income	3,222		2,151
Net loss on financial assets at amortized cost	-		(54)
Other operating income	14,478		8,072
TOTAL OPERATING INCOME	132,930		791,312
Net impairment loss on financial assets	85,564		(416,841)
NET OPERATING INCOME	218,494		374,471
Personnel expenses	(141,097)		(121,889)
Depreciation of property, equipment and right-of-use assets and amortization
of intangible assets	(17,857)		(18,178)
Other operating expenses	(213,817)		(95,856)
TOTAL OPERATING EXPENSES	(372,771)		(235,923)
OPERATING PROFIT	(154,277)		138,548
Provisions for risks and charges	(55,984)		(45,896)
Net gain from disposal of property, equipment and right-of-use assets	314		402
(LOSS) PROFIT BEFORE TAX FROM CONTINUING OPERATIONS	(209,947)		93,054
Income tax expense	(21,655)		(97,431)
LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS	(231,602)		(4,377)
DISCONTINUED OPERATIONS	-		(1,081)
Loss for the year from discontinued operations, net of tax
LOSS FOR THE PERIOD	(231,602)		(5,458)
Attributable to:	(233,502)		(6,178)
Equity holders of the parent
Non-controlling interests	1,900		720
		(231,602)		(5,458)

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

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 September 2022

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

TOTAL EQUITY LBP 2,583,529,121,000

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

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Period ended 30 September 2022 (LBP million)

		30-Sep-22		30-Sep-21
		Unaudited		Unaudited
	Loss for the period from continuing operations	(231,602)		(4,377)
Loss from discontinued operations	-		(1,081)
LOSS FOR THE PERIOD	(231,602)		(5,458)
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	(1,840)		(2,494)
comprehensive income
Income tax effect	54		449
Exchange difference on translation of foreign operations	(1,786)		(2,045)
8,676		13,299
Net other comprehensive income to be reclassified to the	6,890		11,254
income statement in subsequent periods
Items not to be reclassified to the income statement in subsequent periods:
Net unrealized gain from equity instruments at fair value through	2,208		7,081
other comprehensive income
Income tax effect	(375)		(1,053)
		1,833		6,028
	Net other comprehensive income not to be reclassified to the	1,833		6,028
income statement in subsequent periods
OTHER COMPREHENSIVE GAIN FOR THE YEAR, NET OF TAX	8,723		17,282
TOTAL COMPREHENSIVE (LOSS) GAIN FOR THE YEAR, NET OF TAX	(222,879)		11,824
Attributable to:	(222,855)		11,964
Equity holders of the parent
Non-controlling interests	(24)		(140)
		(222,879)		11,824

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