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BANQUE SAUDI FRANSI CONSOLIDATED BALANCE SHEET As at December 31, 2008 and 2007 - page 24 / 51

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BANQUE SAUDI FRANSI

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

iii) Economic sector risk concentrations for the loans and advances and allowance for impairment losses are as follows:

Agriculture and fishing

2,110,133

7,341

(13,755)

2,103,719

Manufacturing

10,839,923

6,605

(29,543)

10,816,985

Mining and quarrying

749,516

4,409

(3,512)

750,413

Electricity, water, gas and health services

1,688,023

-

(671)

1,687,352

Building and construction

9,233,044

22,538

(83,310)

9,172,272

Commerce

19,001,841

363,953

(237,619)

19,128,175

Transportation and communication

5,313,209

1,484

(8,276)

5,306,417

Services

6,901,291

76,974

(159,634)

6,818,631

Consumer loans and credit cards

4,993,918

171,953

(223,327)

4,942,544

Others

17,570,304

108,562

(77,133)

17,601,733

Agriculture and fishing

1,376,647

7,323

(11,184)

1,372,786

Manufacturing

8,895,752

5,897

(43,577)

8,858,072

Mining and quarrying

691,636

2,741

(2,767)

691,610

Electricity, water, gas and health services

1,107,110

18

(18)

1,107,110

Building and construction

6,504,492

104,515

(197,464)

6,411,543

Commerce

14,157,107

148,471

(202,670)

14,102,908

Transportation and communication

3,417,282

1,502

(8,027)

3,410,757

Services

4,810,134

63,112

(137,407)

4,735,839

Consumer loans and credit cards

4,385,197

99,709

(126,002)

4,358,904

Others

12,528,564

2,222

(88,682)

12,442,104

SAR’ 000

2008

Government and quasi Government Banks and other financial institutions

Total

60,239,962

435,510

(825,520)

59,849,952

Performing

Non Performing, net

Allowance for impairment losses

Loans and advances, net

1,191,910 1,357,287

- -

- (10,963)

1,191,910 1,346,324

763,819

(847,743)

80,866,475

- -

- (7,722)

1,287,522 1,070,797

Total

2007

Government and quasi Government Banks and other financial institutions

80,950,399

1,287,522 1,078,519

Loans and advances, net include Islamic products of SAR 26,633 million (2007: SAR 17,641 million).

The impairment charge for credit losses include provisions made against non performing commitments and contingencies.

d) Collateral

The Bank in the ordinary course of lending activities holds collaterals as security to mitigate credit risk in the loans and advances. These collaterals mostly include time and demand and other cash deposits, financial guarantees, local and international equities, real estate and other fixed assets. The collaterals are held mainly against commercial and consumer loans and are managed against relevant exposures at their net realizable values.

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