The consolidated financial statements of Bank Audi revealed an annual increase of 6.67% in the profits of Q1 2019, which stood at $121.68M.
According to the bank’s balance sheet, total assets slipped by 1.62% year-to-date to stand at $46.43B. The decline was mainly justified by the persisting tough economic conditions in Lebanon and the region. Similarly, Customer loans fell by 6.27% to $12.34B of which 54% accounted for by entities outside. On the liabilities side, Customers’ deposits contracted by 1.94% y-t-d to settle at $31.07B of which 32% accounted for by entities outside Lebanon, while Shareholders’ equity rose by 2.06% to $3.96B.
Audi Bank’s Financial Highlights in Q1 2018
|In millions of USD
|Net loans and Advances to Customers at Amortized Cost
|Customers’ Deposits at Amortized Cost
|Total Shareholders’ Equity
|Profit for the Period*
Source: BSE, Bank Audi