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BANQUE SAUDI FRANSI CONSOLIDATED BALANCE SHEET As at December 31, 2008 and 2007 - page 21 / 51

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BANQUE SAUDI FRANSI

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2008 and 2007 _______________________________________________________________________________________________

Over Draft

Credit Cards

Consumer Loans

Commercial Loans

Others

Total

Performing loans and advances-gross

5,821,346

449,084

3,936,113

46,173,510

3,671,301

60,051,354

Non performing loans and advances, net

324,426

42,720

56,989

10,919

456

435,510

Total loans and advances Allowance for impairment

6,145,772 (287,339)

491,804 (42,707)

3,993,102 (83,295)

46,184,429 (412,179)

3,671,757 -

60,486,864 (825,520)

Loans and advances, net,

5,858,433

449,097

3,909,807

45,772,250

3,671,757

59,661,344

SAR’ 000

b) Movement in allowance for impairment

2007

SAR’ 000

Over Draft

Credit Cards

2008 Consumer Commercial

Loans

Loans

Others

Total

Balance at beginning of the year

287,339

42,707

83,295

412,179

-

825,520

Provided during the year

3,636

61,067

98,846

30,574

-

194,123

Written off during the year

(23,006)

(24,114)

(24,922)

-

-

(72,042)

Recoveries of amounts previously provided

(23,745)

(6,198)

(7,354)

(62,561)

-

(99,858)

Balance at the end of the year

244,224

73,462

149,865

380,192

-

847,743

Balance at beginning of the year

288,520

26,196

112,623

466,090

-

893,429

Provided during the year

78,026

30,776

33,299

5,636

-

147,737

Written off during the year

(40,774)

(9,679)

(59,467)

-

-

(109,920)

Recoveries of amounts previously provided

(38,433)

(4,586)

(3,160)

(59,547)

-

(105,726)

Balance at the end of the year

287,339

42,707

83,295

412,179

-

825,520

The net charge to income of SAR 94 million (2007: SAR 42 million) in respect of impairment charge for credit losses for the year is net of recoveries of SAR 100 million (2007: SAR: 106 million). The allowance for impairment includes SAR 418 million (2007: SAR 433 million) evaluated on collective impairment basis.

Non- performing loans and advances are disclosed net of accumulated special commission in suspense of SAR 69 million (2007: SAR 46 million).

SAR’ 000

2007

Consumer

Commercial

Loans

Loans

Others

Total

Over Draft

Credit Cards

21

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