SECTION THREE - BROKERAGE FIRMS

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1 December 31, 213 SECTION THREE - BROKERAGE FIRMS Part I Listing & Capital Development Yearly Development in the Number Of Active Brokerage Firms Page 1 Distribution of Brokerage Firms By Capital Page 1 Shareholders Distribution Of Brokerage Firms Page 2 Part II Brokerage Firms' Financial Statements End Of Year Balance Sheet Aggregate Items Page 1 Assets & Liabilities Of Managed Funds Page 2 Brokerage Firms Total Managed Funds Page 3 Profit And Loss Distribution Page 4 Measures Of Profitability Page 5 Part III Brokerage Firms Ranking Yearly Ranking for December 21 Page 1 Yearly Ranking for December 211 Page 2 Yearly Ranking for December 212 Page 3 Yearly Ranking for December 213 Page 4 SECTION THREE-Outlines-BF

2 December 31, 213 Part I - Listing & Capital Development Yearly Development In The Number Of Active Brokerage Firms As Of December Yearly Development In The Number Of Active Brokerage Firms Total No Of Active Brok.Firms No Of BF Listed Yearly No Of Brokerage Firms By Capital Level Capital Level 1Billion LBP ]1; 2] Billion LBP ]2; 3] Billion LBP > 3 Billion LBP No of Brokerage Firms Distribution Of Brokerage Firms' By Capital Level As Of December No Of Brokerage Firms By Capital Level 2 1 1Billion LBP ]1; 2] Billion LBP ]2; 3] Billion LBP > 3 Billion LBP SECTION THREE - PART I - PAGE 1-BF

3 December 31, 213 Shareholders Distribution Of Brokerage Firms Shareholders' Distribution Of Brokerage Firms By Nationality As Of December 213 Nationality Brokerage Firms' Capital Distribution Lebanese 37,25,75, Foreigners 1,993,75, Arabs - Shareholders Distribution Of Brokerage Firms By Nationality As Of December 213 Lebanese 95% Lebanese Foreigners Arabs % Foreigners 5% Arabs Legal Entity Brokerage Firms' Capital Distribution Shareholders' Distribution Of Brokerage Firms By Legal Entity As Of December 213 Banks Holding Companies Companies Individuals - 9,733,26, 3,118,75, 26,392,49, Shareholders Distribution Of Brokerage Firms By Legal Entity As Of December 213 Companies 8% Individuals 67% Banks Holding Companies Companies Holding Companies 25% Banks % Individuals SECTION THREE - PART I - PAGE 2-BF

4 In Millions Of LBP Banque Du Liban: December 31, 213 Part II - Brokerage Firms' Financial Statements On Balance Sheet Items End Of Year Balance Sheet Agregate Items (Figures Are In Millions Of LBP) Dec. 29 Dec. 21 Dec. 211 Dec. 212 Dec. 213 Activities With Commercial Banks 2,83 18,231 26,235 24,646 3,811 Retained Earnings 1,19 14,351 13,44 9,48 7,427 Assets 68,375 69,388 56,12 4,821 51,13 Tier I 22,352 27,79 27,544 26,698 4,415 Capital 11,488 11,725 21,35 19,725 37,245 Total Capital / Total Assets 16.8% 16.9% 23.57% 48.32% 72.84% Tier I / Total Assets 32.69% 39.3% 49.8% 65.4% 79.4% 8, End Of Year Balance Sheet Items 7, Tier I & II 6, Capital 5, 4, Activities With Commercial Banks 3, Retained Earnings 2, 1, Assets SECTION THREE - PART II - PAGE 1-BF

5 Jun-9 Aug-9 Oct-9 Dec-9 Feb-1 Apr-1 Jun-1 Aug-1 Oct-1 Dec-1 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 In Millions Of LBP Jun-9 Aug-9 Oct-9 Dec-9 Feb-1 Apr-1 Jun-1 Aug-1 Oct-1 Dec-1 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 In Millions Of LBP Banque Du Liban: December 31, 213 Assets & Liabilities Of Managed Funds ASSETS End Of Year Evolution Of Financial Institutions Off-Balance Sheet Items (In Thousands Of LBP) Jun. 1 Dec.1 Jun. 11 Dec.11 Jun. 12 Dec.12 Jun. 13 Dec.13 Deposits With Banks 7,35,992 34,519,596 2,24,126 18,178,57 31,192,75 31,142,875 3,212,51 27,972,143 Traded Fin. Papers 313,259 31,5 489,82 3,29,118 4,93,835 Credits & Loans 57,336 1,38, , , ,118 15,829 53,68 Provision for Doubtful Loans -4,395 Provision Against Decrease in Joint Accounts -37,754-63,568 Other Investments 28,515,869 44,814,87 22,154,513 24,944,91 32,395,814 29,393,74 25,633,411 27,435,15 Revenues Receivable 286,737 1,35, , ,658 Unrealised Current Revenues 2,52 LIABILITIES Individual & Companies Accounts 33,176,83 75,447,132 41,457,68 38,483,513 54,988,384 64,911,324 56,655,99 6,431,221 Bks & Fin.Instit.Accounts 76,31 1,349,18 2,288,763 7,91, ,541 1,468,778 18,68 Undistributed Revenues 8 421, ,693 17,67 6,887 Charges & Managing Fees Due 2,661,787 3,867,586 1,631,745 2,97,82 1,173,998 1,726,14 Unrealised Current Revenues 21,99 3,45 6,21 53,25 63,564 43,689 Decrease in Sources of Funds Due To Investment Losses -153,41-4,133,897-86,793-1,145,321 Brokerage Firms Assets Of Managed Funds Unrealised Current Revenues 9 75 Revenues Receivable Other Investments Provision Against Decrease in Joint Accounts Provision for Doubtful Loans Credits & Loans Traded Fin. Papers -15 Deposits With Banks Brokerage Firms Liabilities Of Managed Funds Decrease in Sources of Funds Due To Investment Losses Unrealised Current Revenues Charges & Managing Fees Due Brokerage Firms' Assets Of Managed Funds As Of December 213 Revenues Receivable 27 Provision Against Decrease in Joint Accounts () () Credits & Loans 4 Deposits With Banks 28 (5) 5 1 In Millions Of LBP Brokerage Firms' Liabilities Of Managed Funds As Of December 213 (1) Unrealised Current Revenues - Undistributed Revenues - Individual & Companies Accounts 6 (1) In Millions Of LBP SECTION THREE - PART II - PAGE 2-BF

6 In Millions IOf LBP Banque Du Liban: December 31, 213 Brokerage Firms Total Managed Funds Managed Funds As Of December 213 (In Thousands Of LBP) Jun. 1 Dec.1 Jun. 11 Dec.11 Jun. 12 Dec.12 Jun. 13 Dec.13 Portfolio Of Managed Funds 35,838,598 79,391,19 44,881,19 44,56,176 63,925,67 61,177,843 59,113,675 59,454,898 1 Brokerage Firms' Managed Funds 8 6 Portfolio Of Managed Funds 4 2 SECTION THREE - PART II - PAGE 3-BF

7 Billions of LBP Millions Of LBP Millions Of LBP Millions Of LBP Banque Du Liban: December 31, 213 Profit And Loss Distribution Profit & Loss Statements (In Millions Of LBP) Dec.8 Dec.9 Dec.1 Dec.11 Dec.12 Interest Revenues 3,569 1,627 1,982 1, Commission Revenues 18,165 25,273 23,349 31,84 16,9 Financial Operations Revenues 3,476 6,84 11,332 19,1 4,828 Operating Revenues ,293 2,273 2,549 Interest Expenses 2, ,23 45 Commisions Expenses 4,77 11,49 8,878 11,25 3,294 Financial Operations Expenses 2,923 1,72 6,115 6, Operating Administrative & General Expenses 13,175 12,634 15,887 21,846 2,222 Net Interest Profit ,187 1, Net Commission Profit 13,395 13,864 14,471 2,59 13,66 Net Financial Operations Income 553 4,364 5,217 12,339 3,837 Revenues 25,693 33,72 39,35 55,833 25,339 Expenses 24,685 28,83 33,747 44,57 26,22 Net Profit 1,8 5,637 5,288 11, , 5, Brokerage Firms' Revenues Distribution Operating Revenues 4, 3, 2, 1, Financial Operations Revenues Commission Revenues Interest Revenues 5, 4, 3, 2, 1, Brokerage Firms' Expenses Distribution Operating Administrative & General Expenses Financial Operations Expenses Commisions Expenses Interest Expenses 36, 3, Brokerage Firms' Profit Distribution Net Income From Financial Operations 24, 18, 12, Net Profit From Commission 6, Net Profit From Interest 14 Brokerage Firms Profit Growth Net Profit In Billions Growth Of Profit Rate (%) SECTION THREE - PART II - PAGE 4-BF

8 December 31, 213 Measures Of Profitability Measures Of Profitability (In Millions of LBP) Dec.8 Dec.9 Dec.1 Dec.11 Dec.12 Expenses/ Revenues 75.74% 73.75% 82.46% 78.91% 13.41% Net Profit/ Capital 43.35% 28.43% 18.93% 55.27% -4.38% Average Return On Assets (ROA) 4.25% 4.66% 2.54% 2.98% -2.11% Average Return On Equities (ROE) 12.8% 15.63% 1.6% 42.75% -3.23% 48.% Measure Of Profitability 39.% 3.% Av. Return On Assets 21.% 12.% Av. Return On Equities 3.% -6.% SECTION THREE - PART II - PAGE 5-BF

9 December 31, 213 Brokerage Firms Ranking In December 21 Yearly Ranking 21 No Name Of The Financial Institution Assets Capital Ranking for Act.Comm. Bks 1 Merrill Lynch, Pierce, Fenner &Smith (Middle East) S.A.L 2nd 1st MF 2 S.C.S. Beirut S.A.L. 3 World Investment Services S.A.L 9 4 Investa Financial Planning Services S.A.L. 5 Arab International Development & Investment Company S.A.L. 6 Allianz SNA S.A.L 7 Cumulus Capital S.A.L. 2nd 1st 9 8 Beirut Brokerage Corporation S.A.L Optimum Invest S.A.L. 1st 2nd 1 Melkart Capital S.A.L. 11 Lebanese Dealers Corporation S.A.L 12 Highbury Finance S.A.L Lebanese Dealers Corporation S.A.L Aksys Capital S.A.L 1st 2nd 15 Royal Forex Trading S.A.L 16 Master Capital Group S.A.L Accurate Investment Brokers S.A.L. 18 Premium Capital Group S.A.L. 19 Berytus Capital S.A.L. 2 Trust Capital S.A.L. MF=Managed Funds SECTION THREE - PART III - PAGE 1-BF

10 December 31, 213 Brokerage Firms Ranking In December 211 Yearly Ranking 211 No Name Of The Financial Institution Assets Capital Ranking For Act.Comm. Bks 1 Merrill Lynch, Pierce, Fenner &Smith (Middle East) S.A.L 2nd MF 2 S.C.S. Beirut S.A.L. 3 World Investment Services S.A.L 4 Investa Financial Planning Services S.A.L. 5 Arab International Development & Investment Company S.A.L. 6 Allianz SNA S.A.L 1st 7 Cumulus Capital S.A.L. 8 Beirut Brokerage Corporation S.A.L Optimum Invest S.A.L. 1st 1st 1 Melkart Capital S.A.L. 11 Lebanese Dealers Corporation S.A.L 12 Highbury Finance S.A.L. 13 Lebanese Dealers Corporation S.A.L Aksys Capital S.A.L 1st 15 Royal Forex Trading S.A.L 2nd 16 Master Capital Group S.A.L nd 17 Accurate Investment Brokers S.A.L Premium Capital Group S.A.L Berytus Capital S.A.L. 9 2 Trust Capital S.A.L. 2nd MF=Managed Funds SECTION THREE - PART III - PAGE 2-BF

11 December 31, 213 Brokerage Firms Ranking In December 212 Yearly Ranking 212 No Name Of The Financial Institution Assets Capital Ranking For Act.Comm. Bks 1 Merrill Lynch, Pierce, Fenner &Smith (Middle East) S.A.L 1st 2nd MF 2 S.C.S. Beirut S.A.L. 3 World Investment Services S.A.L 4 Investa Financial Planning Services S.A.L. 5 Arab International Development & Investment Company S.A.L. 6 Allianz SNA S.A.L 1st 7 Cumulus Capital S.A.L. 8 Beirut Brokerage Corporation S.A.L Optimum Invest S.A.L. 1 Melkart Capital S.A.L. 11 Lebanese Dealers Corporation S.A.L 12 Highbury Finance S.A.L. 13 Lebanese Dealers Corporation S.A.L Aksys Capital S.A.L 2nd 7 15 Royal Forex Trading S.A.L 6 16 Master Capital Group S.A.L. 2nd 1st 1st 2nd 17 Accurate Investment Brokers S.A.L Premium Capital Group S.A.L Berytus Capital S.A.L Trust Capital S.A.L First Capital & Trust S.A.L. MF=Managed Funds SECTION THREE - PART III - PAGE 3-BF

12 December 31, 213 Brokerage Firms Ranking In December 213 Yearly Ranking 213 No Name Of The Financial Institution Assets Ranking For Capital Act.Comm. Bks 1 Merrill Lynch, Pierce, Fenner &Smith (Middle East) S.A.L 1st 1st MF 2 S.C.S. Beirut S.A.L. 3 World Investment Services S.A.L 4 Investa Financial Planning Services S.A.L. 5 Arab International Development & Investment Company S.A.L. 2nd 8 1st 6 Allianz SNA S.A.L 7 Cumulus Capital S.A.L. 8 Beirut Brokerage Corporation S.A.L Optimum Invest S.A.L. 1 Melkart Capital S.A.L. 11 Lebanese Dealers Corporation S.A.L 12 Highbury Finance S.A.L. 13 Lebanese Dealers Corporation S.A.L Aksys Capital S.A.L 6 15 Royal Forex Trading S.A.L 2nd 1st 16 Master Capital Group S.A.L. 2nd 2nd 2nd 17 Accurate Investment Brokers S.A.L Premium Capital Group S.A.L Berytus Capital S.A.L Trust Capital S.A.L. 21 First Capital & Trust S.A.L. MF=Managed Funds SECTION THREE - PART III - PAGE 4-BF

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