This report is an analysis of the results of the bank as at December 31st , 2005 and a comparison with the previous year performances.Hereunder is an analysis of the bank’s activities in the light of annexed comparative financial statements.

 

In 2005, Total Balance Sheet reached USD 367 808 thousand distributed as follows :

*Assets and liabilities : . . . . . . . . . . . . . . . . USD 176 656 thousand

* Off-Balance Sheet Commitments : . . . . . . . . USD 191 152 thousand

The annexed Chart (in the financial report) is an analysis of the comparative Balance Sheet (2005, 2004), in accordance with law N° 12 dated December 31st, 1996 regarding Institutions’ Accounting Policy and Banking Sector Accounting Standards, and also in accordance with the Ministry of Finance Circular datedMarch 25, 1999.