The latest batch of annual reports seem to have more errors than normal.
The 2012 annual report for Bank of Beirut shows total liabilities as at 31st December 2012 of £298,534,323 and total equity of £70,759,895. Add them together and the final digit should be an "8". In the accounts it's a "9". Only one £ we know, but can't these guys add up? What's more, when you go to the notes there are no sections 16, 17, 18 and 19. We wonder what they're hiding?!
On a lighter note, Bank of Beriut is one of a select number of banks that have made a pre-tax profit in all of at least the last 5 years.
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