Bank Audi sal : PDF (285 KB)

2023

Consolidated

Financial Highlights(1)

IN LEBANESE POUNDS

AT END-DECEMBER 2023

• 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.
• In February 2023, the Central Bank of Lebanon adjusted the official exchange rate from LBP 1,507.5 to LBP 15,000 to the US Dollar
• Meanwhile, the Bank is continuing to implement measures aiming at reinforcing the Bank's financial standing, in accordance with laws and regulations.
• 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 278,486	LBP 195,496	LBP 15,741	LBP 26,077
billion of	billion of net	billion of
billion of total
customers'	loans	shareholders'
assets
deposits		equity

1. Disclaimer: the figures below were published to comply with regulatory 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 (AUDITED)

31/12/2023	31/12/2022
LBP Million	LBP Million

ASSETS

Cash and balances with central banks	148,469,720	14,304,554
Due from banks and financial institutions	24,847,986	3,016,766
Loans to banks and financial institutions and reverse repurchase agreements	-	216,397
Derivative financial instruments	452,527	119,143
Shares and participations at fair value through profit or loss	360,301	39,805
Debt instruments and other similar financial assets at fair value through profit or loss	3,998,239	216,940
Shares and participations at fair value through other comprehensive income	1,839,179	132,255
Debt instruments and other similar financial assets at fair value through other comprehensive income	186,094	899,586
Loans and advances to customers at amortised cost	15,165,583	5,871,120
Loans and advances to related parties at amortised cost(1)	575,051	64,475
Debtors by acceptances	250,048	7,055
Debt instruments classified at amortised cost(2)	19,225,632	7,055,456
Investments in associates	141,155	14,359
Property and equipment and right-of-use assets	18,524,365	7,646,768
Intangible assets	62,834	60,777
Assets taken in settlement of debts	98,468	163,400
Assets held for sale	42,541,256	-
Other assets	1,250,884	719,653
Goodwill	497,030	42,442
TOTAL ASSETS	278,486,352	40,590,951

1. Loans granted to related parties against cash collateral amounted to LBP 15 billion.
2. Includes an amount of LBP 157 billion with risk ceded to customers.

	31/12/2023	31/12/2022
	LBP Million	LBP Million
OFF-BALANCE SHEET
Financing commitments
Financing commitments given to banks and financial institutions	2,228,704	193,869
Financing commitments given to customers	4,211,514	2,279,907

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

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 year

Shareholders' equity - Group share

Non-controlling interests

TOTAL SHAREHOLDERS' EQUITY

31/12/2023	31/12/2022
LBP Million	LBP Million

2,529,211 2,733,967

2,826,759 633,284

312,93754,560

194,176,179 29,100,938

1,319,556 116,350

250,0487,055

2,982,056 535,114

4,519,041 530,898

4,063,130 823,443

39,430,857-

252,409,774 34,535,609

982,859 982,859

10,02010,020

902,290 902,290

894,480 894,480

72,58672,586

2,535,354 2,529,255

35,99535,995

(8,392)(9,537)

(4,896,300) (4,193,502)

16,917,281 6,971,629

412,332 (99,413)

7,819,520 (1,464,160)

(105,217)-

(233,195) (673,985)

25,339,613 5,958,517

736,965 96,825

26,076,578 6,055,342

Bank guarantees
Guarantees given to banks and financial institutions	94,068	11,853
Guarantees received from banks and financial institutions	356,128	49,139
Guarantees given to customers	3,064,399	929,989
Guarantees received from customers	46,496,591	15,079,861
Foreign currencies forwards
Foreign currencies to receive	11,159,774	2,745,362
Foreign currencies to deliver	11,021,247	2,749,714
Commitments on term financial instruments	4,788,393	3,347,701
Fiduciary accounts	18,874,773	1,687,547
Under specific instructions	18,844,861	1,680,252
Under discretionary investments	29,912	7,295
Assets under management	98,075,340	9,689,118
Mutual funds	388,991	40,147
Bad debts written off during the year	572,295	28,518

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	278,486,352	40,590,951

CONSOLIDATED INCOME STATEMENT (AUDITED)

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 (loss)

Of which: interest income

Net (loss) gain on financial investments

Other operating income

Total operating income

Net (impairment loss) recovery 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 loss

Gain (loss) from associates under equity method

Net gain on disposal of fixed assets

Loss before tax

Income tax

Loss after tax

Result of discontinued operations, net of tax

Profit (loss) for the year

Non-controlling interest

Equity holders of the parent

Basic and diluted loss per share LBP

Basic and diluted loss per share from continuing operations LBP

Basic and diluted earnings per share from discontinued operations LBP

31/12/2023	31/12/2022
LBP Million	LBP Million

6,406,693 2,032,284

(381,779) (165,096)

6,024,914 1,867,188

(720,304) (267,161)

5,304,610 1,600,027

1,954,696 332,543

(140,585) (577,466)

1,814,111 (244,923)

1,435,128 (1,228,874)

5,0994,657

(11,060)27,952

76,04111,134

8,618,830 165,316

(2,500,575) 330,113

6,118,255 495,429

(2,364,295) (553,670)

(4,253,047) (609,130)

(242,957) (45,005)

(20,627) (13,317)

(6,880,926) (1,221,122)

(762,671) (725,693)

10,177(222)

11,0084,569

(741,486) (721,346)

(249,006) (13,469)

(990,492) (734,815)

990,81279,461

320 (655,354)

233,515 18,631

(233,195) (673,985)

1. (1,147)
   (1,686)(1,251)
   1,289103

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]