Bank Melli Iran, UAE

Financial Result 2008 - Balance Sheet

Balance Sheet

Income Statement

Statement of Changes in Equity


Bank Melli Iran
United Arab Emirates Branches

Balance Sheet
As at December 31, 2008
(In Thousand Arab Emirates Dirhams)

	2008	2007
ASSETS
Cash and balances with UAE Central Bank	433,873	1,886,402
Due from Head Office and branches abroad	1,627,765	2,289,166
Due from banks	5,161,282	3,239,790
Loans and advances to customers - net	2,170,322	2,207,208
Customer acceptances	247,953	298,361
Other assets	104,376	168,277
Property and equipment	1,235	821
	_____________	_____________
Total Assets	9,746,806	10,090,025

LIABILITIES AND EQUITY

Liabilities
Due to banks	4,208,608	4,693,731
Customer deposits	2,701,915	3,048,169
Due to Head Office and branches abroad	1,001,019	463,982
Customer acceptances	247,953	298,361
Subordinated loan	-	140,000
Other liabilities	401,256	384,786
	_____________	_____________
Total liabilities	8,560,751	9,029,029

Equity
Assigned capital	800,000	500,000
Statutory reserve	157,427	132,023
Retained earnings	228,628	428,973
	_____________	_____________
Total Equity	1,186,055	1,060,996
	_____________	_____________
Total Liabilities and Equity	9,746,806	10,090,025

Bank Melli Iran is the largest bank of Iran with over 3200 branches globally. Bank Melli Iran - U.A.E operations comprise of 7 branches located in Deira Dubai, Bur Dubai, Abu Dhabi, Al Ain , Sharjah, Fujairah and Ras Al Kaimah. The pay office is located in the Iranian hospital in Satwa. The Regional office is located in Dubai.