Bank Audi’ Profits Witnessed Slight Change by Q1 2017
The consolidated financial statements of Bank Audi, in the first quarter of 2017, witnessed a marginal yearly rise of 0.02% in profits to $110.20M, of which 23% from Odea Bank and 10% from Bank Audi Egypt.
The banks’ balance sheet showed that total assets slightly fell by 0.78% to $43.92B since year start and that customer loans fell by 1.29% since year start to $16.85B. On the liabilities side, customers’ deposits showed a 0.03% slip since year start to $35.41B while shareholders’ equity increased by 2.54% year-to-date to $3.79B.
Audi Bank’s Financial Highlights for Q1 2017
| In millions of USD | 31-Dec-16 | 31-Mar-17 | YTD |
| Total Assets | 44,267 | 43,921 | -0.78% |
| Net loans and Advances to Customers at Amortized Cost | 17,069 | 16,848 | -1.29% |
| Customers’ Deposits at Amortized Cost | 35,416 | 35,406 | -0.03% |
| Total Shareholders’ Equity | 3,698 | 3,792 | 2.54% |
| Profit for the Year* | 110.18 | 110.20 | 0.02% |
*March 31, 2016
