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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

9 CASH AND BALANCES WITH CENTRAL BANKS

2008 2007

US$ ’000 US$ ’000

Cash and balances with central banks, excluding mandatory reserve deposits (note 25) 157,082 72,206

Mandatory reserve deposits with central banks 235,169 70,384

392,251 142,590

Mandatory reserve deposits are not available for use in the day-to-day operations.

10 LOANS AND ADVANCES

a) By industry sector

2008 2007

US$ ’000 % US$ ’000 %

68

ANNUAL REPORT 2008

Consumer/personal 4,877,669 35.0 4,069,315 33.3

Real estate 3,336,675 24.0 2,903,992 23.8

Trading and manufacturing 3,044,852 21.9 2,718,877 22.3

Banks and other financial institutions 987,376 7.0 673,958 5.5

Construction 889,251 6.4 749,167 6.2

Government/public sector 245,686 1.8 175,761 1.4

Others 540,960 3.9 914,271 7.5

13,922,469 100.0 12,205,341 100.0

(Less): Provision for loan losses (note 10(e)) (290,249) (2.1) (170,188) (1.4)

13,632,220 97.9 12,035,153 98.6

b) By geographic region

2008 2007

US$ ’000 % US$ ’000 %

GCC countries 11,652,479 83.7 10,341,343 84.7

United Kingdom 758,540 5.4 1,069,959 8.8

Europe (excluding United Kingdom) 545,329 3.9 587,043 4.8

United States of America 2,480 0.0 12,175 0.1

Asia (excluding GCC countries) 83,087 0.6 90,847 0.7

Rest of the world (including Arab Republic of Egypt) 880,554 6.4 103,974 0.9

13,922,469 100.0 12,205,341 100.0

(Less): Provision for loan losses (note 10(e)) (290,249) (2.1) (170,188) (1.4)

13,632,220 97.9 12,035,153 98.6

GCC countries comprise the members of the Gulf Co-operation Council being Kingdom of Bahrain, State of Kuwait,

Sultanate of Oman, State of Qatar, Kingdom of Saudi Arabia and the United Arab Emirates.

Refer note 32(c) for disclosure of credit quality of loans and advances.

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