#1Arab Bank Group Investor Relations Presentation March 31, 2016 البنك العربي ARAB BANK ARAB BANK البنك الضلال ARAB BANK T#2General Information Financial Data & KPIs Q1 2016 Key Performance Extracts Table of Contents Credit Rating Stock Information Corporate Governance Disclaimer Appendix 2#3General Information#4A strong heritage with deep roots... General Information . History Arab Bank was established in 1930, and is registered as a Jordanian publicly listed company. Profile Arab Bank, headquartered in Amman, Jordan, is the largest global Arab banking network with over 600 branches spanning five continents. • Arab Bank is listed on the Amman financial market and represents almost 25% of the market capitalization. • Arab Bank provides a wide range of financial products and services for individuals, corporations and other financial institutions. . • The Bank's products and services cover consumer banking, corporate and institutional banking, as well as treasury services. Total assets Loans Key Financial Highlights 2014 2015 $48.8bn $49.0bn $23.7bn $23.8bn Customer deposits $35.0bn $35.2bn Shareholders' equity $7.9bn $8.0bn Revenue $1.88bn $1.91bn Net operating income. $1.08bn $1.10bn Net profit* $777m $791m * Excluding the impact of legal provision of $200m, $349m in 2014 and 2015 respectively. 4#5Arab Bank core strengths Net operating income amounted to USD 1.1 billion as of 31 December, 2015 A well-provisioned loan portfolio. NPLs coverage ratio stood at 109% An established brand name with strong equity and core values One of the most important providers of trade finance in the region Superior geographic diversification Cost/income ratio stood at 42.3% Liquidity ratio with LTD of 67.6% Strong capitalization and a CAR of 14.2% 5#6Spanned in a global network... Arab Bank Corporate Structure • Branches - • Jordan • Offshore Banking Unit – Bahrain Palestine • Algeria • Egypt • Morocco . UAE . Yemen • Qatar • New York Bahrain Singapore • Lebanon العربي anbfriund indeed بنك عمان العربي OMAN ARAB BANK T-BANK TURKLANDBANK ARAB BANK (SWITZERLAND) LTD. Major Associates Arab National Bank (40%) provides commercial, Islamic, treasury and investment products and services in Saudi Arabia. Oman Arab Bank (49%) provides corporate, retail, investment banking and trade finance products and services in Oman. Turkland Bank (50%) provides corporate and commercial banking services in Turkey. Sister Company Arab Bank Switzerland is a sister company owned by Arab Bank shareholders, and it provides asset management and investment counselling for high net worth clients. S EuropeArabBank Arab Bank Australia البناء العريف السابق السلف الشركة العربية الوطنية للتأجير 336 ATB البنت الغالي تونس AL-NISR AL-ARABI INSURANCE PART OF ARAB BANK GROUP Subsidiaries Europe Arab Bank (100%) provides corporate and institutional banking, private banking and treasury services. Arab Bank Australia (100%) provides commercial and retail banking services. Islamic International Arab Bank PLC (100%) provides a full range of Islamic banking products and services in Jordan. Arab National Leasing Company (100%) provides financial leasing services. Arab Tunisian Bank (64.2%) provides corporate and retail banking products and services. Al Nisr al-Arabi Insurance Company (50%) provides a full range of insurance services. Arab Sudanese Bank (100%) . • Arab Group for Investment Company (100%) Al Arabi Investment Group (100%) • Arab Gulf Tech for IT Services - UAE (100%) • Arab Bank Syria (51.29%) • Arab Company for Shared Services - UAE (100%) 6#7Our entities... Always within your reach Arab Bank is the largest global Arab banking network with over 600 branches spanning five continents through AB PLC branches, subsidiaries, its sister company and associates: Country Since Branches Palestine 1930 30 Employees 904 Jordan 1934 119 • 3,851. Lebanon 1944 12 321 Egypt 1944 38 1,132 Qatar 1957 4 135 Bahrain 1960 6 184 Morocco 1962 5 161 Switzerland** 1962 UAE 1963 29 103 456 Yemen 1972 8 232 Saudi Arabia* 1980 154 4,416 USA 1982 1 5 Oman* 1984 63 1,306 Tunisia 1982 129 1,277 Far East 1984 3 55 Australia 1994 8 120 Algeria 2001 8 245 Syria 2005 19 288 Europe 2006 6 132 Turkey* 2006 35 666 Sudan 2008 3 77 ° 00 00 00000 0000 000 000 COOOD * Associates: Arab National Bank (Saudi Arabia) [40%], Oman Arab Bank (Oman) [49%], T-Bank (Turkey) [50%]. ** Sister Company: Arab Bank Switzerland 7#8Financial Data & KPIs Charts 30% 300.0 10% 100.0 100% 10000 Dutore a 20% 200,0 88888880 OFF GT 8 CE 1039 C 1924 100 6 9 3 2 00 no 10 50 KLER fever 300 ullam corports 400 00 200 100 0 Q2 Q3 Q4 QT 02 04 26 30 40 50 GD 8#9Strong and robust balance sheet AB Group - Consolidated Balance Sheet Cash and due from banks Investment portfolio Loan portfolio - net Investment in associates Fixed assets - net Assets Other assets Total assets USD'000 Dec. Dec. 2014 2015 12,166,498 12,563,802 10,721,459 10,314,727 22,002,028 22,180,987 2,829,624 2,916,290 473,241 461,135 619,748 48,812,598 607,652 49,044,593 Dec. Dec. Liabilities & Shareholders' Equity 2014 2015 Due to banks 4,168,204 3,712,479 Customer deposits & cash margin 34,968,829 35,242,318 Other liabilities & other provisions 1,786,824 2,074,215 Total liabilities Capital & reserves Other equity items 40,923,857 41,029,012 4,883,831 5,024,566 2,877,850 2,861,991 Shareholders' equity 7,761,681 7,886,557 Non-controlling interests 127,060 129,024 Total shareholders' equity 7,888,741 8,015,581 Total liabilities & shareholders' equity 48,812,598 49,044,593 9#10• AB Group consolidated income statement USD'000 Income Statement Dec. 2014 Dec. 2015 Net interest income 1,074,948 1,091,138 Net commission 321,593 319,603 Group's share of profits of associates 348,201 356,981 Other revenue 132,567 140,638 Net operating revenue 1,877,309 1,908,360 Operating expenses 799,829 807,141 Net operating income 1,077,480 1,101,219 Provision for impairment - direct credit facilities 36,161 32,891 Non-recurring expenses (Legal) 200,000 349,000 Net income before tax Income tax 841,319 719,328 264,166 277,205 Net income after tax 577,153 442,123 NIAT was impacted by high legal provision for the NY case; excluding legal costs, NIAT in 2015 amounted to $791m vs. $777m in 2014. • NOI for 2015 increased by 2% to $1.1 billion vs. last year. 10#11AB Group key financial indicators Dec. Dec. Dec. Dec. Key Financial Indicators 2012 2013 2014 2015 Loan to deposit 68.40% 67.10% 67.70% 67.60% Cost to income - including provision for doubtful debts 59.40% 51.90% 44.50% 44.00% Cost to income - excluding provision for doubtful debts & legal provisions 43.10% 42.00% 42.30% 42.30% Return on equity 4.60% 6.50% 7.30% 5.50% Return on equity - excluding legal provisions 6.00% 8.10% 9.90% 9.90% Return on assets 0.80% 1.10% 1.20% 0.90% Return on assets - excluding legal provisions 1.00% 1.30% 1.60% 1.60% Capital adequacy - tier 1 15.09% 15.15% 14.80% 14.20% Capital adequacy - total 15.09% 15.15% 14.80% 14.20% NPL to gross credit facilities - excluding suspended interest 6.77% 5.60% 5.20% 4.80% NPL coverage ratio - excluding suspended interest 92% 102% 106% 109% 11#12Geographical diversification Loans Deposits Revenue Net Operating Income GCC 29% GCC 22% GCC 38% GCC Jordan 25% Jordan 33% Jordan 26% Jordan 17% North Africa 19% North Africa 22% North Africa 18% North Africa 17% Europe 11% Europe 9% Europe 6% Europe 3% MENA 10% ΜΕΝΑ 12% MENA 10% Far East and Other Far East and 6% 2% Other Geographical diversification as of December 31, 2015 MENA 9% Far East and 2% Other Far East and Other 1% 53% 12#13Financial trends in recent years Assets in USD Billions 2011 Loans in USD Billions 45.83 2011 Customer Deposits in USD Billions 22.57 2011 2012 45.98 2012 22.51 2013 46.86 2014 2015 Equity in USD Billions 2011 2013 48.81 2014 49.04 2015 Revenue in USD Billions 7.66 2011 23.09 1.64 2012 2013 23.68 2014 23.81 2015 Net Income in USD Millions 2011 2012 7.70 2012 1.75 2012 2013 7.77 2013 1.81 2013 2014 7.89 2014 1.88 2014 31.72 32.89 34.39 306 34.97 352 35.24 502 577 2015 8.02 2015 1.91 2015 442* • Deposits grew by $3.5 billion since 2011. Excluding the impact of FX devaluation, the growth was $6.5 billion. * 2015 NIAT impacted by legal provision of $349 million. 13#14Revenue and net operating income Revenue by segment Dec 2015 Revenue (USD Million) 2011 957 420 266 1,643 2012 1,011 444 294 1,750 2013 1,064 436 310 1,811 2014 1,075 454 348 1,877 2015 1,091 460 357 1,908 Interest Income Non-Interest Associates Net Operating Income (USD Million) 2011 920 2012 995 2013 1,051 2014 1,084 2015 1,101 Other 21% Consumer 25% Treasury 13% Corporate 41% 14#15Profitability ratios Return on Assets - Excluding Legal Provisions Return on Equity - Excluding Legal Provisions 1.6% 1.6% 9.9% 9.9% 1.3% 8.1% 1.2% 7.1% 1.0% 6.0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Cost to Income - Excluding Provisions for Doubtful Debts & Legal Provisions 44.0% 0.64 0.55 43.1% 42.3% 42.3% 42.0% 2011 2012 2013 2014 2015 EPS (USD) 1.01 0.93 0.67* 2011 2012 2013 2014 2015 * EPS equals USD 1.22 excluding legal provisions for 2015 15#16Asset quality and liquidity ratios 71.1% Loan to Deposit NPL Coverage Ratio - Excluding Suspended Interest 102% 106% 109% 68.4% 92% 86% 67.7% 67.6% 67.1% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Total Shareholders' Equity to Total Assets NPL to Gross Credit Facilities - Excluding Suspended Interest 6.8% 16.8% 16.7% 16.6% 6.0% 16.2% 16.3% 5.6% 5.2% 4.8% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 16#172011 1.15 Loan quality 1.35 1.38 1.50 1.30 1.28 1.28 1.21 1.21 1.12 106% 109% 102% 92% 86% 2012 2013 Provision (USD Billions) NPL - Excluding Int. in Suspense (USD Billions) Gov. Banks & Fl 5% 1% Consumer 21% Corporate 73% • Loans as of December 31, 2015 Jordan 25% 2014 Coverage Ratio GCC 29% North Africa MENA 10% 19% Europe 11% 2015 Far East and Other 6% Highlights • . • . . Arab Bank classifies the loan portfolio in compliance with IFRS requirements, and the Bank's stringent guidelines, whichever is stricter. NPLs include old loans which are fully provided. The Bank is very cautious in writing off loans to safeguard its legal position for collection. The credit portfolio's quality remains strong despite regional conditions. As of December, 2015, NPL coverage ratio stood at 109%, in line with the Bank's prudent provisioning policy. 73% of the Bank's loan book is composed of corporate clients, which is well-diversified across economic sectors and regions. Consumer loans represent 21% of the loan portfolio, and the amount of 90 days overdue represents only 0.9% of the consumer loan portfolio. 17#182011 (USD Billions) Capital adequacy 32.3 31.4 31.3 30.6 15.09 15.15 14.80 15.13 14.20 92 2012 Risk Weighted Assets CAR % 2013 2014 2015 Highlights 33.0 • Solid capital adequacy ratio well above Basel II requirements. High quality capital; all comprised of core Tier I. Under Basel IIl guidelines, the capital adequacy ratio stood at the higher level of 15.62% as of December 31,2015. 18#19D D 90 80 Q1 2016 Key performance extracts 2 30 A 25 20 15 10 S 0 60 50 B 40 30 D 20 10 0 1 2 3 4 5 1 2 3 4 5 6 7 8 9 10 11 12 D 300 200 100 6 7 8 9 10 11 A B C 20 30 30 40 50 60 69 8 9 10 11 12 B -100 --A -200 END 80000 60000 40000 20000 D INS -合計 3 4 5 6 7 8 9 10 11 12 2013/10 2013/11 2013/12 2014/01 2014/02 2014/03#20Strong and well diversified earnings Revenue by segment line as of Mar 2016 USD'000 Mar Mar Income Statement Other 2015 2016 21% Net interest income 267,453 280,259 Corporate Net commission 80,446 86,068 41% Group's share of profits of associates 92,559 88,068 Consumer 25% Other revenue 34,098 26,812 Net operating revenue 474,556 481,207 Operating expenses 186,066 190,356 Treasury 13% Net operating income 288,490 290,851 Provision for impairment - direct credit facilities 6,755 8,654 Revenue by type Net income before tax 281,735 282,197 as of Mar 2016 Income tax 64,519 63,849 Net income after tax 217,216 218,348 USD million 39.2% 475 Mar-15 186 481 39.6% Mar-16 Associates 18% Non-Interest 24% Interest Income 58% 190 Income Cost Cost to income 20 20#21Portfolio growth Loans and deposits in USD billions 68.4% 23.7 34.7 67.6% Loans by segment in USD billions 68.9% 0.24 0.20 0.12 0.90 1.21 1.34 4.60 4.92 5.08 35.2 35.4 23.8 24.4 17.98 17.49 17.83 Mar-15 Dec-15 Mar-16 Mar-15 Dec-15 Mar-16 Loans Deposits LTD Corporate Consumer Gov. Banks & Fl Loans as of Mar 2016 GCC 29% Jordan 25% 107% Far East and Other 6% 4.90% MENA 10% North Africa 19% Europe 11% 109% 4.80% Mar-15 Dec-15 NPL Ratio Coverage ratio 108% 4.70% Mar-16 21#22Credit Ratings pe 1 Type 2 Type 3 Type 4 M 170 165 4 8 5 1 2 3 0 ول 22#23Credit ratings Agency Entity Rating Date Fitch Moody's Arab Bank PLC BBB- /Negative/F3 March 2016 Arab Bank PLC - Jordan Ba2/Stable/NP March 2016 Arab Bank PLC BB-/Negative/B April 2016 Standard & Poor's Arab Bank Group operating entities (Europe Arab Bank, Arab Bank Australia Ltd) BB+/Stable/B April 2016 Arab Bank PLC ratings changed from A- to BBB- as it was affected by the sovereign downgrades of the Kingdom of Jordan. Arab Bank is one of the few entities globally that enjoy credit ratings that exceed the sovereign rating of its domicile. "Arab Bank Group's business position rating is strong as it is supported by a solid business franchise, superior geographic diversification, a well-known brand, strong management and conservative financial policies" (S&P). "The Group's management has proven skills, capacity and expertise to run the Bank in line with its strategy, which we view as well-defined and prudently exercised. We assess the Group's risk appetite as lower than peers, favoring capitalization and liquidity versus profitability" (S&P). 23#24Stock Information 24#25Stock information • • Arab Bank is the largest listed company on the Amman stock exchange; with a market capitalization of USD 5.8 billion as of December 31, 2015; representing almost 25% of the total market. Arab Bank shares are traded in multiple lots of 18 shares coupled with 1 share of Arab Bank Switzerland. A strong and diversified base of shareholders. An attractive share price with a 7.5* P/E ratio, and 0.73 P/B ratio as of December 31, 2015. A dividend yield of 4% as of December 31, 2015. Mutual funds, 1% Others, 9% * Excluding the impact of legal expenses Governments, 22% Individuals, 32% Institutions, 36% 25#26Stock information Share Price in USD as of December 31 EPS 11.07 0.55 0.36 2011 11.04 10.01 10.23 9.10 0.64 0.43 Dividend per Share 2012 Strock Price 0.93 0.43 2013 1.01 0.18 2014 0.67* 0.36 2015 * EPS equals USD 1.22 excluding legal provisions for 2015 11.04 11.07 10.01 10.23 9.10 14.55 14.34 14.42 13.85 12.51 2011 Book Value Strock Price 2012 2013 2014 2015 26#27Corporate Governance 27#28Corporate governance Arab Bank adopts the latest corporate governance regulations according to the best practices and Central Bank of Jordan instructions Arab Bank's board of directors, led by Mr. Sabih Taher Masri, Chairman of the board, is composed of 12 members, all of whom are non-executive and are elected for a period of four years by the general assembly. The board meets at least six times a year and has strong adherence to good corporate governance standards. Board of Directors Member Name Sabih Taher Masri Dr. Bassem Awadalla Samir Kawar Saleh Al-Muhanna Nazek Al Hariri Mohammed Al-Hariri Saeed Shanan Khaled Irani Wahbeh Tamari Bassam Kanaan Chairman Vice Chairman On Behalf / Ministry of Finance, Saudi Arabia On Behalf/Jordan Social Security Fund On Behalf / Abdul Hameed Shoman Foundation Abbas Zuaiter Alaa Batayneh 28#29Corporate governance structure Board committees: . - Audit committee - Risk management committee - Credit committee - Corporate governance committee - Strategy committee - Nomination and remuneration committee . - Country committees Local asset & liability committee - Country credit committee - Country management committee Supported by three lines of control/defense - Executive committees High asset & liability committee Senior credit committee - Operational risk committees - IT steering committee 29#30Disclaimer • ● • • The material in this presentation has been prepared by Arab Bank PLC (the "Bank") and represents general background information about Arab Bank Group (the "Group") activities current at the date of the presentation. The information in this presentation is given in a summary form and does not assume to be complete and it is not intended to be relied upon as advice to investors or potential investors. Some of the information relied on by the Bank in this presentation is obtained from sources available to the public and believed to be reliable, but the Bank does not guarantee its accuracy, completeness or correctness. The presentation has been prepared for information purposes only and is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it form the basis of or be relied on in connection with any contract or commitment whatsoever. While the information included in the presentation document has been prepared in good faith, neither the Bank nor its related entities, directors, employees or agents, nor any other person, accepts any liability from reliance on this presentation document. The Bank bears no responsibility in any instance for loss which may result from reliance on the information in this presentation. ⚫ This presentation should be read in conjunction with other publically available material. It is not to be relied upon as such in any manner as legal, tax or investment advice and should not be used in substitution for the exercise of independent judgment and each recipient hereof shall be responsible for conducting its own investigation and analysis of the information contained herein in conjunction with other publically available information. . Forward-Looking Statements • • It is possible that this presentation could contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. The inclusion of such forward-looking statements shall not be regarded as a representation by the Bank that its objectives or plans will be achieved. Undue reliance should not be placed on any such statements because, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and the Group's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. Arab Bank undertakes no obligation to revise or update any forward-looking statement contained within this presentation, regardless whether those statements are affected as a result of new information, future events or otherwise. ⚫ The Bank holds the copyright to this presentation document. Unless expressly indicated otherwise or is self-evident from its nature, written permission from the Bank is required to republish the presented information on the Bank or to distribute such information. This shall apply regardless of the purpose for which it is to be republished or distributed. 30#31Appendix 31#32Group balance sheet December, 31 2015 March, 31 2016 USD '000 USD '000 OWNERS' EQUITY December, 31 2015 USD '000 March, 31 2016 USD '000 ASSETS Cash and balances with central banks Balances with banks and financial institutions Deposits with banks and financial institutions Financial assets at fair value through profit or loss Financial derivatives - positive fair value Direct credit facilities at amortized cost Financial assets at fair value through other comprehensive income 9 472 381 8 649 905 2 992 403 99 018 3 494 618 194 800 Share capital Share premium Statutory reserve 926 615 753 065 831 980 58 235 570 322 Voluntary reserve 977 315 43 261 General reserve 1 141 824 1 225 747 926 615 1 225 747 753 065 977 315 1 141 824 22 180 987 22 726 607 General banking risks reserve 363 458 363 458 Reserves with associates 1 540 896 479 038 505 463 Foreign currency translation reserve (284 609) Other financial assets at amortized cost 9 003 709 9 135 244 Investment in associates 2 916 290 2 981 354 Investment revaluation reserve Retained earnings (260 621) 1 540 896 (243 639) (284 208) 1 502 867 1 486 634 Fixed assets 461 135 457 687 Other assets 490 788 548 520 Total Equity Attributable to Shareholders of the Bank 7 886 557 7 887 707 Deferred tax assets 58 629 63 630 Non-controlling interests TOTAL ASSETS 49 044 593 49 371 411 Total Owners' Equity 129 024 8015 581 LIABILITIES TOTAL LIABILITIES AND OWNERS' EQUITY 49 044 593 134 724 8 022 431 49 371 411 Banks and financial institutions' deposits 3 636 734 3 448 460 Customer deposits 32 799 228 32 868 375 Cash margin 2 443 090 2 518 046 Financial derivatives - negative fair value 53 705 89 617 Borrowed funds 75 745 222 485 Provision for income tax 235 918 251 344 Other provisions 145 235 145 391 Other liabilities 1 627 254 1 800 425 Deferred tax liabilities 12 103 Total Liabilities 41 029 012 4 837 41 348 980 32#33Group Income Statement REVENUE Interest income Less: interest expense Net interest income Net commissions income Net interest and commissions income Foreign exchange differences March, 31 2015 USD '000 March, 31 2016 USD '000 448 024 180 571 267 453 80 446 347 899 15 714 471 914 191 655 280 259 86 068 366 327 14 875 (265) 3 218 88 068 1 065 92 559 13 448 8 984 474 556 481 207 Gains (losses) from financial assets at fair value through profit or loss Dividends on financial assets at fair value through other comprehensive income 3 871 Group's share of profits of associates Other revenue TOTAL INCOME EXPENSES Employees' expenses 108 075 111 290 Other expenses 61 927 Depreciation and amortization 13 211 Provision for impairment - direct credit facilities at amortized cost 6 755 61 100 12 717 8 654 Other provisions 2 853 5 249 TOTAL EXPENSES 192 821 199 010 Profit before Income Tax 281 735 282 197 Less: Income tax expense 64 519 63 849 Profit for the Year 217 216 218 348 Attributable to: Bank shareholders Non-controlling interests Total Earnings per share attributable to Bank Shareholders - Basic and Diluted (US Dollars) 215 452 1 764 217 216 0.34 215 635 2713 218 348 0.34 33#34Group balance sheet December, 31 December, 31 2014 2015 USD '000 USD '000 December, 31 2014 USD '000 December, 31 2015 USD '000 ASSETS Cash and balances with central banks Balances with banks and financial institutions Deposits with banks and financial institutions Financial assets at fair value through profit or loss Financial derivatives - positive fair value Direct credit facilities at amortized cost Financial assets at fair value through other comprehensive income 7 391 974 9 472 381 OWNERS' EQUITY Share capital 4 664 078 2 992 403 110 446 99 018 Share premium Statutory reserve 826 223 1 225 747 712 722 1 126 894 56 264 831 980 Voluntary reserve 977 315 58 235 General reserve 1 141 824 22 002 028 22 180 987 General banking risks reserve 363 458 Reserves with associates 1 540 896 477 547 479 038 Foreign currency translation reserve (122 751) Other financial assets at amortized cost 9 117 018 9 003 709 Investment revaluation reserve (219 278) 926 615 1 225 747 753 065 977 315 1 141 824 363 458 1 540 896 (284 609) (260 621) Investment in associates 2 829 624 2 916 290 Retained earnings 1 315 525 1 502 867 Fixed assets 473 241 461 135 Other assets Deferred tax assets TOTAL ASSETS LIABILITIES 504 552 58 932 490 788 Total Equity Attributable to Shareholders of the Bank 7 761 681 7 886 557 58 629 Non-controlling interests 127 060 48 812 598 49 044 593 Total Owners' Equity 7 888 741 TOTAL LIABILITIES AND OWNERS' EQUITY 48 812 598 129 024 8015 581 49 044 593 Banks and financial institutions' deposits 4081 113 3 636 734 Customer deposits 32 065 271 32 799 228 Cash margin 2 903 558 2 443 090 Financial derivatives - negative fair value 62 489 53 705 Borrowed funds 87 091 75 745 Provision for income tax Other provisions Other liabilities Deferred tax liabilities Total Liabilities 235 248 235 918 144 203 145 235 1 332 960 1 627 254 11 924 40 923 857 12 103 41 029 012 34#35Group Income Statement December, 31 2014 USD '000 December, 31 2015 USD '000 REVENUE Interest income Less: interest expense Net interest income Net commissions income Net interest and commissions income Foreign exchange differences Gains from financial assets at fair value through profit or loss Dividends on financial assets at fair value through other comprehensive income Group's share of profits of associates Other revenue 1 845 096 770 148 1 074 948 321 593 1 396 541 55 830 7 046 8 566 348 201 61 125 1 877 309 1 815 895 724 757 1 091 138 319 603 1 410 741 70 827 14 315 5 430 356 981 50 066 1 908 360 TOTAL INCOME EXPENSES Employees' expenses 434 754 440 652 Other expenses 285 996 Depreciation and amortization 56 612 Provision for impairment - direct credit facilities at amortized cost 36 161 295 433 54 846 32 891 Provision for impairment - other financial assets at amortized cost 6 422 Other provisions 16 045 16 210 TOTAL EXPENSES 835 990 840 032 Non-recurring expenses Profit before Income Tax Less: Income tax expense Profit for the Year 200 000 349 000 841 319 719 328 264 166 277 205 577 153 442 123 Attributable to: Bank shareholders Non-controlling interests Total 573 687 430 830 3 466 11 293 Earnings per share attributable to Bank shareholders - Basic and Diluted (US Dollars) 577 153 0.90 442 123 0.67 35