Bank Audi’ Profits Register a Significant Rise by Q3 2017

The consolidated financial statements of Bank Audi, in the first three quarters of 2017, witnessed a yearly rise of 24.64% in profits to $437M and “$341M excluding net profits came from the sale of the Card and Electronic Payment process and acquiring activities, of which 46% from foreign entities”

The banks’ balance sheet showed that total assets slightly rising by 0.94% to $44.68B since year start and that customer loans merely dropped by 0.24% y-t-d to $17.03B. On the liabilities side, customers’ deposits showed a 0.53% fall since year start to $35.23B, and shareholders’ equity increased by 2.94% y-t-d to $3.81B.

Bank Audi’s Financial Highlights for Q3 2017

In millions of USD30-Sep-1731-Dec-16YTD
Total Assets                 44,682                 44,2670.94%
Net loans and Advances to Customers at Amortized Cost                 17,028                 17,069-0.24%
Customers’ Deposits at Amortized Cost                 35,228                 35,416-0.53%
Total Shareholders’ Equity                    3,807                    3,6982.94%
Profit for the Period                       437                       35024.64%

*September 30, 2016

Source: BSE

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