According to Bank Audi’s unaudited consolidated financial statements, the bank’s Net profit for the first nine months of 2018 rose by 20% relative to the current net profits of the corresponding period of 2017 to reach $410M. In details, the “Net interest margin” increased from $807.58M by September 2017 to $903.17M . Meanwhile the “Net fees and commission income” declined by 9.04% to $163.22M by September 2018.
Total assets of the bank grew by 4.51% since year-start to $45.72B by September 2018 noting that “Cash reserves and deposits at central Banks” rose year to date by 16.18% to stand at $15.30M by September 2018 while “Net Loans and advances to customers at amortized costs” recorded a decrease of 16.25% year-to-date (y-t-d) to $13.56B.
As for the total Shareholders’ equity, it dropped by 9.40% y-t-d to $3.83B. Meanwhile, Customers’ deposits contracted by 7.50% since year start to settle at $30.48B by Q3 2018.
Bank Audi’s Financial highlights at end of September 2018
|In Millions of USD||Sep-18||December 2017||YTD|
|Net Loans and Advances to Customers||13,556||16,186||-16.25%|
|Profit for the period||409.68||436.68||-6.18%|
Source: Bank Audi, BSE