US $ Million

30 June
2004
Unaudited

31 December
   2003
Audited

ASSETS

Liquid funds

303 

709 

Trading securities

133 

86 

Non-trading securities

4,202 

5,204 

Placements with banks and other financial institutions

3,391 

6,651 

Loans and advances

5,355 

15,921 

Interest receivable

95 

134 

Investments in associates

25 

51 

Other assets

300 

828 

Premises and equipment

141 

484 

TOTAL ASSETS

13,945 

30,068 

LIABILITIES

Deposits from customers

4,040 

14,434 

Deposits from banks and other financial institutions

5,870 

9,932 

Certificates of deposit

120 

423 

Interest payable

71 

92 

Taxation

21 

69 

Other liabilities

460 

1,171 

TERM NOTES, BONDS AND OTHER TERM FINANCING

1,327 

1,850 

11,909 

27,971 

MINORITY INTERESTS

36 

512 

EQUITY

Share capital

1,000 

1,000 

Treasury stock

(74)

(74)

Reserves and retained earnings

1,074 

659 

2,000 

1,585 

TOTAL LIABILITIES, MINORITY INTERESTS AND EQUITY

 13,945 

30,068 

The above Consolidated Balance Sheet has been extracted from the interim condensed consolidated financial statements of Arab Banking Corporation (B.S.C.) for the period ended 30 June 2004, reviewed by Ernst & Young, Kingdom of Bahrain.