Annual Report - Ahli United Bank

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Annual Report - Ahli United Bank

25 RELATED PARTY TRANSACTIONSThe Group enters into transactions with major shareholders, associates, directors, senior management and companies which arecontrolled, jointly controlled or significantly influenced by such parties in the ordinary course of business at arm’s length. All the loansand advances to related parties are performing and are free of any provision for possible loan losses.The income, expense and the period end balances in respect of related parties included in the consolidated financial statements wereas follows:2009US$ ’000DirectorsMajorand seniorshareholders Associates management TotalInterest income - 809 4,731 5,540Interest expense 124,875 28 58 124,961Fees and commissions (net) - 3,103 - 3,103Deposits with banks and other financial institutions 24 162,859 - 162,883Loans and advances - - 167,955 167,955Deposits from banks and other financial institutions - 28,499 - 28,499Customers’ deposits (a) 4,097,106 21,341 15,555 4,134,002Subordinated liabilities 92,705 - - 92,705Commitments and contingent liabilities (notional) - 5,000 12,034 17,034Derivatives (notional) - 165,941 - 165,9412008US$ ’000DirectorsMajorand seniorshareholders Associates management TotalInterest income - 2,040 8,845 10,885Interest expense 157,995 2,514 944 161,453Fees and commissions (net) - 4,939 - 4,939Deposits with banks and other financial institutions 25 88,514 - 88,539Loans and advances - 150,000 131,879 281,879Deposits from banks and other financial institutions - 21,934 - 21,934Customers’ deposits (a) 3,553,420 - 19,162 3,572,582Subordinated liabilities 89,495 - - 89,495Commitments and contingent liabilities (notional) - 1,073 26,136 27,209Derivatives (notional) - 152,899 - 152,899AUB Annual Report 200981

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