CREDIT BANK OF IRAQ S.A

CREDIT BANK OF IRAQ S.A MAIN FINANCIAL INDICATORS ESTABLISHED 25.7.1998 (MILLION IRAQI DINARS) • DEPOSIT TAKER IN LOCAL AND FOREIGN CURRENCY. 2003 RETAIL BANKING. INDICATOR 1999 2000 2002 No. 2001 (30/9) SYNDICATIONS. 19045 35935 1. ASSETS 14758 7537 FOREIGN EXCHANGE DEALING . 2266 6441 * STOCK EXCHANGE BUSINESS . INVESTMENTS 1784 2976 2. 667 217 LOANS IN FOREIGN CURRENCY. 1423 3. 7058 4352 9545 LOANS & ADVANCES 8508 FINANCING INDUSTRY, AGRICULTURE, TRADE, CURRENT ACCOUNTS CONSTRUCTIONS, ETC. 16377 13055 18286 1680 6223 4. & DEPOSITS SHAREHOLDERS 5. 1778 1412 1063 1083 444 BOARD OF DIRECTORS EQUITY CHAIRMAN Mr. HIKMET H. KUBBA 1600 PAID-UP CAPITAL 1000 800 400 6. 1250 VICE CHAIRMAN Mr. GHASSAN H. KUBBA MEMBERS Mr. EIAD S. YAHYA Dr. IHSAN N. HASAN HEAD OFFICE & BRANCHES Dr. HAFIDH S.A. AL TUCKMACHI No. PHONE BRANCH FAX Mr. FOUAD M. MOUSTAFA AL-KHAIMA CO. FOR FINANCIAL 7182198 HEAD OFFICE INVESTMENTS 7185406 7175997 1. 7191944 MAIN BRANCH 7196020 GENERAL MANAGEMENT 2. 8820784 JAMEELA 8820754 MANAGING DIRECTOR Mr. FOUAD M. MOUSTAFA 7782740 KARRADA KHARIJ 3. 7764207 ASST. MANAGING DIRECTOR Mr. A. AZIZ HASSOUN 7760691 KARMA 4. 7760690 ADVISOR Mr. JAMEEL K. SALIH MASHTAL 7634809 5. 7634400 SOUTH GATE 8856248 6. 8856247 BAYAA 5540702 5540144 7. HEAD OFFICE AND MAIN BRANCH (MAIL ADDRESS) 8851719 SAMAU'AL 8. 8151199 8852056 ELWIYA BLD'G. ,SA'DOUN ST. ,BAGHDAD - IRAQ (P.O.BOX 3420) 4141493 MUSTANSIRIA 9. 4141496 4141495 ABOUT THE BANK 622176 OWNERSHIP PRIVATE BANK BASRAH 10. 614223 623498 PAID-UP CAPITAL ID 1600 M. TO BE OPEND BY YEAR END NO. OF EMPLOYEES HURRIA 11. 291 NO. OF BRANCHES 10 12. HILLA TO BE OPEND EARLY NEXT YEAR NO. OF SHAREHOLDERS 219 N.B. EXCEPT BASRAH & HILLA BRANCHES, ALL OTHER BRANCHES ARE SITUATED IN BAGHDAD. BOARD OF DIRECTORS CHAIRMAN Mr. HIKMET H. KUBBA VICE CHAIRMAN Mr. GHASSAN H. KUBBA CREDIT BANK OF IRAQ S.A. MEMBERS Mr. EIAD S. YAHYA Dr. IHSAN N. HASAN ESTABLISHED 25.7.1998 Dr. HAFIDH S.A. AL TUCKMACHI Mr. FOUAD M. MOUSTAFA AL-KHAIMA CO. FOR FINANCIAL INVESTMENTS GENERAL MANAGEMENT *DEPOSIT TAKER IN LOCAL AND FOREIGN CURRENCY . MANAGING DIRECTOR Mr. FOUAD M. MOUSTAFA ASST. MANAGING DIRECTOR *RETAIL BANKING . Mr. A. AZIZ HASSOUN ADVISOR Mr. JAMEEL K. SALIH % SYNDICATIONS . • FOREIGN EXCHANGE DEALING . *STOCK EXCHANGE BUSINESS . HEAD OFFICE AND MAIN BRANCH MAIL ADDRESS * LOANS IN FOREIGN CURRENCY. ELWIYA BLD'G. ,SA'DOUN ST. ,BAGHDAD - IRAQ (P.O.BOX 3420) * FINANCING INDUSTRY, AGRICULTURE, TRADE , CONSTRUCTIONS, ETC. ABOUT THE BANK OWNERSHIP PRIVATE BANK PAID-UP CAPITAL ID 1250 M. 300 NO. OF EMPLOYEES 10 NO. OF BRANCHES CREDIT BANK OF IRAQ S.A. BALANCE SHEET AS AT DECEMBER 31,2002 (MILLION IRAQI DINARS) Dec. 31, Dec. 31, Dec. 31, ASSETS Dec. 31, LIABILITIES 2001 2002 2001 2002 13,675.8 17,266.9 CURRENT 17,250.5 13,987.0 CURRENT 16,376.9 DEPOSITS 13,054.8 CASH IN HAND & AT BANKS 3,658.6 3,843.6 400.0 249.4 PROVISIONS INVESTMENTS 2,976.1 1,784.4 490.0 371.6 ACCOUNTS PAYABLE 1,722.8 BILLS DISCOUNTED 1,632.8 LOANS & CREDITS 7,822.1 , 5,425.0 1,778.0 1,082.6 SHAREHOLDERS EQUITY ACCOUNTS RECEIVABLE 885.9 1,486.2 1,250.0 PAID - UP CAPITAL 1,000.0 82.6 RESERVES 528.0 FIXED 1,794.4 771.4 TOTAL LIABILITIES 14,758.4 19,044.9 14,758.4 19,044.9 TOTAL ASSETS 4,844.2 CONTRA ACCOUNTS 4,844.2 CONTRA ACCOUNTS 2,919.9 2,919.9 MANAGING DIRECTOR CHAIRMAN FOUAD M. MOUSTAFA HIKMET H. KUBBA EXTERNAL AUDITORS HASHIM S. MATMARA KAREEM H. FARAJ PUBLIC ACCOUNTANTS & AUDITORS CREDIT BANK OF IRAQ S.A. PROFIT & LOSS AND APPROPRIATION FROM EXTERNAL AUDITORS REPORT FOR THE YEAR ENDED DECEMBER 31,2002 ( MILLION IRAQI DINARS) 2002 2001 THE FINANCIAL STATEMENTS OF THE CREDIT BANK OF IRAQ S.A. HAD BEEN PREPARED IN 1.579.3 CURRENT ACTIVITY INCOME 2.510.2 BANKING OPERATIONS 1.484.5 2.318.5 ACCORDANCE WITH THE REQUIREMENT OF THE INVESTMENTS 191.7 94.8 COMPANIES ACT, AND THE CENTRAL BANK OF IRAQ LAW. THE BALANCE SHEET REFLECTS A TRUE LESS: CURRENT ACTIVITY 1.915.41.527.2 FINANCIAL POSITION OF THE BANK AS AT DECEMBER EXPENSES BANKING OPERATIONS 975.9 1.266.2 31,2002 AND THE PROFIT & LOSS & APPROPRIATION DEPRECIATION & AMORTIZATION 230.0 259.7 ACCOUNT INDICATES THE PROFIT OF THE BANK ADMINISTRATIVE EXPENSES 419.2 291.6 ACTIVITIES WHICH WERE CARRIED OUT DURING THE ADD : OTHER INCOME YEAR THEN ENDED IN A FAIR AND A TRUE MANNER. 96.8 63.2 LESS: TRANSFERABLE & OTHER 32.6 33.1 EXPENSES HASHIM S. MATMARA KAREEM H. FARAJ SURPLUS 659.0 82.2 CAPITAL RESERVE 98.8 4.4 PUBLIC ACCOUNTANTS & AUDITORS INCOME TAX 165.1 60.4 39.5 SOCIAL SECURITY 1.7 NET PROFIT 355.6 15.7