According to Bank Audi’s unaudited consolidated financial statements, the bank’s Net profit for 2018’s first half (H1) totaled $265.39M compared to $212.76M in the same period last year.
The Net interest margin increased from $534.4M in H1 2017 to $582.08M in H1 this year.
Meanwhile, Total assets of the bank grew by 2.53% since year-start to $44.859B, with Loans and advances to customers at amortized costs recording a downtick of 10.7% year-to-date (y-t-d) to $14.454B.
In fact, the Net Fee and commission income dropped by 17% in H1 2018 compared to the same period last year at $105.28M. In addition, the provisions grew by 219.65% compared to the same period last year to stand at $291.13M.
As for the total Shareholders’ equity, it decreased by 3.89% y-t-d to $4.025B. Meanwhile, Customers’ deposits dropped by 6.26% since year start to settle at $30.889B in H1 2018.
Audi Bank Financials: H1 2018
| || || |
|(In millions of US$)||Dec-17||Jun-18||YTD|
|Net Loans and Advances to Customers||16,186||14,454||-10.70%|
|Profit after tax||212.76*||265.39||24.74%|
*Value of June 2017
Source: Bank Audi, BSE