The consolidated financial statements of Bank Audi, in the first quarter of 2017, witnessed a marginal yearly rise of 0.02% in profits to $110.20M, of which 23% from Odea Bank and 10% from Bank Audi Egypt.
The banks’ balance sheet showed that total assets slightly fell by 0.78% to $43.92B since year start and that customer loans fell by 1.29% since year start to $16.85B. On the liabilities side, customers’ deposits showed a 0.03% slip since year start to $35.41B while shareholders’ equity increased by 2.54% year-to-date to $3.79B.
Audi Bank’s Financial Highlights for Q1 2017
|In millions of USD||31-Dec-16||31-Mar-17||YTD|
|Total Assets|| 44,267|| 43,921||-0.78%|
|Net loans and Advances to Customers at Amortized Cost|| 17,069|| 16,848||-1.29%|
|Customers’ Deposits at Amortized Cost|| 35,416|| 35,406||-0.03%|
|Total Shareholders’ Equity|| 3,698|| 3,792||2.54%|
|Profit for the Year*||110.18||110.20||0.02%|
*March 31, 2016