Bank Audi sal : PDF (174 KB)

24

Consolidated Financial Highlights(1)

IN LEBANESE POUNDS

AT END-MARCH 2024

• The continued absence of the required reform pack to address the impact of the financial crisis prevailing since the year 2019, of which the ratification of the resolution program and the adoption of the restructuring plan, is translating into a perpetuation of the high levels of uncertainties, preventing Banks to estimate in a reasonable manner the impact of the Crisis on their financial position, which we anticipates to be quite material.
• Meanwhile, the Bank is continuing to implement measures aiming at reinforcing the Bank's financial standing, in accordance with laws and regulations.

- Pursuant to BdL's Basic Circular No.167 issued in February 2024, Bank Audi adopted, in preparing the financial statements as at the end-March 2024, the exchange rate announced on the electronic platform approved by the Central Bank of Lebanon, which is equivalent to LBP 89,500 to the US Dollar, compared to a prevailing official exchange rate of LBP 15,000 to the US Dollar as at end-December 2023.

- Generation of an operating surplus that was allocated to cover one-off losses tied to the crisis, within an adopted policy of allocation of all recurrent

profits to provisions and to cover exceptional losses until the dissipation of uncertainties.

LBP 1,506,995	LBP 1,108,493	LBP 87,329	LBP 85,360
billion of	billion of net	billion of
billion of total
customers'	loans to	shareholders'
assets
deposits	customers	equity

1. Disclaimer: the figures below were published to comply with regulator y publishing requirements for listed banks operating in Lebanon. They should not be relied upon for decision-making, and they should be read in conjunction with the full set of financial statements and related disclosures as published on the Bank's website (please refer to the

2023 Annual Report ).

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

	31/3/2024	31/12/2023
	LBP Million	LBP Million
ASSETS
Cash and balances with central banks	859,980,319	148,469,720
Due from banks and financial institutions	145,610,900	24,847,986
Derivative financial instruments	897,661	452,527
Shares and participations at fair value through profit or loss	2,175,371	360,301
Debt instruments and other similar financial assets at fair value through profit or loss	19,211,270	3,998,239
Shares and participations at fair value through other comprehensive income	10,394,647	1,839,179
Debt instruments and other similar financial assets at fair value through other comprehensive income	855,122	186,094
Loans and advances to customers at amortised cost	83,940,724	15,165,583
Loans and advances to related parties at amortised cost(1)	3,388,503	575,051
Debtors by acceptances	1,323,185	250,048
Debt instruments classified at amortised cost(2)	106,829,368	19,225,632
Investments in associates	-	141,155
Property and equipment and right-of-use assets	21,772,456	18,524,365
Intangible assets	187,277	62,834
Assets taken in settlement of debts	98,468	98,468
Assets held for sale	241,214,443	42,541,256
Other assets	6,377,612	1,250,884
Goodwill	2,737,222	497,030
TOTAL ASSETS	1,506,994,548	278,486,352
(1) Loans granted to related parties against cash collateral amounted to LBP 89 billion.
(2) Includes an amount of LBP 934 billion with risk ceded to customers.

	31/3/2024	31/12/2023
	LBP Million	LBP Million
OFF-BALANCE SHEET
Financing commitments
Financing commitments given to banks and financial institutions	13,769,390	2,228,704
Financing commitments given to customers	26,390,522	4,211,514

LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES

Due to central banks

Due to banks and financial institutions and repurchase agreements Derivative financial instruments

Customers' deposits

Deposits from related parties

Engagements by acceptances

Other liabilities

Provisions for risks and charges

Subordinated loans and similar debts

Liabilities related to assets held for sale

TOTAL LIABILITIES

Shareholders' equity - Group share

Share capital - common shares

Share capital - preferred shares

Issue premium - common shares

Issue premium - preferred shares

Share capital and cash contribution to capital

Non-distributable reserves

Distributable reserves

Treasury shares

Retained eaarnings - Accumulated losses

Revaluation reserve of real estate

Other components of equity

Foreign currency translation reserves

Reserves related to assets held for sale

Result of the period

Shareholders' equity - Group share

Non-controlling interests

TOTAL SHAREHOLDERS' EQUITY

31/3/2024	31/12/2023
LBP Million	LBP Million

3,324,475 2,529,211

22,665,877 2,826,759

919,090 312,937

1,102,107,103 194,176,179

6,385,439 1,319,556

1,323,185 250,048

13,827,481 2,982,056

26,683,477 4,519,041

24,727,216 4,063,130

219,671,007 39,430,857

1,421,634,350 252,409,774

982,859 982,859

10,02010,020

902,290 902,290

894,480 894,480

72,58672,586

2,543,185 2,535,354

35,99535,995

(8,392)(8,392)

(4,806,974) (4,896,300)

17,605,464 16,917,281

5,063,024 412,332

47,756,337 7,819,520

10,355,065 (105,217)

(80,500) (233,195)

81,334,439 25,339,613

4,025,759 736,965

85,360,198 26,076,578

Bank guarantees
Guarantees given to banks and financial institutions	565,824	94,068
Guarantees received from banks and financial institutions	2,674,668	356,128
Guarantees given to customers	14,716,329	3,064,399
Guarantees received from customers	275,207,806	46,496,591
Foreign currencies forwards
Foreign currencies to receive	17,128,637	11,159,774
Foreign currencies to deliver	17,126,513	11,021,247
Commitments on term financial instruments	32,123,353	4,788,393
Fiduciary accounts	114,410,006	18,874,773
Under specific instructions	113,203,895	18,844,861
Under discretionary investments	1,206,111	29,912
Assets under management	567,531,875	98,075,340
Mutual funds	2,403,488	388,991
Bad debts written off during the year	-	572,295

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,506,994,548	278,486,352

CONSOLIDATED INCOME STATEMENT (UNAUDITED)

Interest and similar income

Less: tax on interest income

Interest and similar income, net of tax

Interest and similar expense

Net interest margin

Fee and commission income Fee and commission expense Net fee and commission Net trading gain

Of which: interest income

Net gain (loss) on financial investments Other operating income

Total operating income Impairment loss on financial assets Net operating income Personnel expenses

Other operating expenses

Depreciation of property and equipment and right-of-use assets Amortisation of intangible assets

Total operating expenses

Operating income

Net (loss) gain on disposal of fixed assets

Profit before tax

Income tax

Profit after tax

Result of discontinued operations, net of tax

Profit for the period

Non-controlling interest

Equity holders of the parent

Basic and diluted (loss) earnings per share LBP

Basic and diluted (loss) earnings per share from continuing operations LBP Basic and diluted earnings per share from discontinued operations LBP

31/3/2024	31/3/2023
LBP Million	LBP Million

6,429,602 1,257,360

(245,270) (86,677)

6,184,332 1,170,683

(1,046,457) (155,109)

5,137,875 1,015,574

2,728,529 343,758

(269,483) (39,608)

2,459,046 304,150

5,887,139 144,173

2,243-

• (5,590)
  51,7376,206

13,535,797	1,464,513
(171,535)	(104,946)
13,364,262	1,359,567
(1,881,881)	(369,587)
(11,286,052)	(274,852)
(171,333)	(52,366)
(22,015)	(4,520)
(13,361,281)	(701,325)
2,981	658,242
(13)	-
2,968	658,242
(348,460)	(42,040)
(345,492)	616,202
346,881	158,251
1,389	774,453
81,889	37,353
(80,500)	737,100

1. 1,255

1. 1,049
   451206

HEADQUARTERS

BANK AUDI sal

Bank Audi Plaza, Bab Idriss P.O.Box: 11-2560 Beirut - LEBANON

Phone: [phone] Fax: [phone] [e-mail] - bankaudigroup.com

FOREIGN PRESENCE

• BANQUE AUDI (SUISSE) SA	Phone: [phone] Fax: [phone] - [e-mail] - bankaudipb.com
Beirut Representative Office	Phone: [phone] Fax: [phone]
• BANK AUDI FRANCE sa	Phone: [phone]	Fax: [phone] - [e-mail] - bankaudi.fr
• AUDI CAPITAL (KSA) cjsc	Phone: [phone]	Fax: [phone] - [e-mail] - audicapital.com
• BANK AUDI LLC (Qatar)	Phone: [phone] Fax: [phone] - [e-mail]
• ODEA BANK A.Ş.	Phone: [phone] Fax: [phone] - [e-mail] - odeabank.com.tr
• BAPB HOLDING LIMITED	Phone: [phone] Fax: [phone] - [e-mail] - bankaudipb.com

FACTORING

• Solifac sal

Phone: [phone] Fax: [phone]