BLOM Bank SAL : ENG (USD) 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 USD thousand)	30/9/2022	31/12/2021
	Unaudited	Audited
	Cash and balances with central banks	18,008,523	18,360,591
	Due from banks and financial institutions	1,184,856	1,242,563
	Derivative financial instruments	2,728	2,886
	Financial assets at fair value through profit or loss (FVTPL)	326,465	317,701
	Net loans and advances to customers at amortised cost	1,969,930	2,235,794
	Net loans and advances to related parties at amortised cost	4,222	5,884
	Debtors by acceptances	3,221	3,588
	Financial assets at amortised cost	3,036,462	3,589,681
	Financial assets at fair value through other comprehensive income FVTOCI	45,182	42,630
	Property, equipment and right-of-use assets	482,828	500,220
	Intangible assets	1,391	2,042
	Assets obtained in settlements of debt	32,567	31,086
	Other assets	140,973	132,633
	Goodwill	1,328	1,379
	Total Assets	25,240,676	26,468,678

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 USD thousand)	30/9/2022	31/12/2021
	Unaudited	Audited
	Due to central banks	1,773,735	1,905,166
	Due to banks & financial institutions	146,267	150,427
	Derivative financial instruments	2,885	5,219
	Customers' deposits at amortised cost	19,433,880	20,289,921
	Related parties' deposits at amortised cost	59,964	65,609
	Debt issued and other borrowed funds	25,796	25,329
	Engagements by acceptances	3,227	3,594
	Other liabilities	502,336	643,949
	Provisions for risks and charges	164,537	191,263
	Subordinated notes	4,094	6,360
	Total Liabilities	22,116,721	23,286,837
	Shareholders' Equity
	Share capital - common shares	213,930	213,930
	Share premium on common shares	248,132	248,132
	Non distributable reserves	1,329,177	1,220,157
	Distributable reserves	466,484	354,041
	Treasury shares	(2,941)	(2,941)
	Retained earnings	951,014	1,204,495
	Reserves for revaluation variance-real estate	9,769	9,769
	Changes in fair value of financial assets at FVTOCI	248	2,366
	Foreign currency translation reserve	(160,082)	(136,224)
	Non-controlling interests	68,224	68,116
	out of which : Profit allocated to non-controlling interests	4,370	4,417
	Profit of the financial period - Profit	-	-
	Total Shareholders' Equity	3,123,955	3,181,841
	Total Liabilities and Shareholders' Equity	25,240,676	26,468,678

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

Consolidated Statement of Financial Position

Off Financial Position (In USD thousand)	30/9/2022
Unaudited
Financing commitments
Financing commitments issued	6,058
Financing commitments received from financial intermediaries	51,360
Commitments to lend	127,111
Guarantees
Guarantees given to financial intermediaries	19,161
Guarantees received from financial intermediaries	27,899
Guarantees given to customers	199,211
Guarantees received from customers	8,987,659
Operations in foreign currencies
Foreign currencies to receive	292,799
Foreign currencies to deliver	291,995
Commitments on term financial instruments	320,168
Other commitments	1,558,896
Fiduciary deposits	363,964
Under specific instructions	363,964
Financial assets under management	4,436,939
Bad loans fully provided for and transferred to off balance sheet
during the period	(18,746)

31/12/2021 Audited

11,839

70,518

114,645

31,187

27,835

240,982

10,680,147

494,623

493,075

559,220

1,560,480

171,489

171,489

4,186,657

90,936

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

Consolidated Income Statement

	(In USD thousand)		30/9/2022	30/9/2021
	For the period ended	Unaudited	Unaudited
	Continuing Operations
	Interest and similar income		1,235,914	1,301,413
	Interest and similar expense		(123,103)	(187,803)
	Net interest income		1,112,811	1,113,610
	Fees and commission income		140,500	78,786
	Fees and commission expense		(207,652)	(39,175)
	Net fees and commission income		(67,152)	39,611
	Net (loss) from financial assets at fair value through profit or loss	(593,169)	(421,829)
	Net gain on financial operations		3,080	457
	Other operating income		3,358	24,713
	Total operating income		458,928	756,562
	Net impairment loss on financial assets		7,481	(544,553)
	Net operating income		466,409	212,009
	Personnel expenses		(208,917)	(123,066)
	Other operating expenses		(193,752)	(82,510)
	Depreciation of property, equipment and right-of-use-assets	(14,410)	(14,746)
	Amortization of intangible assets		(838)	(961)
	Total operating expenses		(417,917)	(221,283)
	Operating profit / (Loss)		48,492	(9,274)
	Net gain on disposal of property and equipment	456	57
	Profit (Loss) before tax from continuing operations	48,948	(9,217)
	Income tax expense		(44,578)	(87,735)
	Profit (Loss) from continuing operations		4,370	(96,952)
	Profit from discontinued operations, net of tax	-	100,054
	Net Profit		4,370	3,102
	Attributable to equity holders of the parent		-	114
	Attributable to non-controlling interests		4,370	2,988