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 USD | 30-Sep-17 | 31-Dec-16 | YTD |
| Total Assets | 44,682 | 44,267 | 0.94% |
| 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 | 3,698 | 2.94% |
| Profit for the Period | 437 | 350 | 24.64% |
*September 30, 2016
Source: BSE
