BANK AUDI SAL 2022
Consolidated
Financial Highlights(1)
IN US DOLLARS
AT END-DECEMBER 2022
- 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 anticipate 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.
- Generation of an operating surplus that was fully 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.
- Re-buildingan activity of external accounts, paving the way for the revival of Traditional Banking operations.
USD 26.9 | USD 19.4 | USD 3.9 | USD 4.0 |
billion of | billion of net | billion of | |
billion of total | |||
customers' | loans to | shareholders' | |
assets | |||
deposits | customers | equity |
- 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 2022 Annual Report).
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (AUDITED)
31/12/2022 | 31/12/2021 |
USD Thousands | USD Thousands |
ASSETS
Cash and balances with central banks | 9,488,925 | 12,548,976 |
Due from banks and financial institutions | 2,001,171 | 1,778,225 |
Loans to banks and financial institutions and reverse repurchase agreements | 143,547 | 84,827 |
Derivative financial instruments | 79,033 | 190,426 |
Shares and participations at fair value through profit or loss | 26,405 | 30,250 |
Debt instruments and other similar financial assets at fair value through profit or loss | 143,907 | 76,574 |
Shares and participations at fair value through other comprehensive income | 87,731 | 28,905 |
Debt instruments and other similar financial assets at fair value through other comprehensive income | 596,740 | 743,818 |
Loans and advances to customers at amortised cost | 3,894,607 | 4,695,938 |
Loans and advances to related parties at amortised cost(1) | 42,769 | 46,756 |
Debtors by acceptances | 4,680 | 37,075 |
Debt instruments classified at amortised cost(2) | 4,680,236 | 4,832,444 |
Investments in associates | 9,525 | 9,672 |
Property and equipment and right-of-use assets | 5,072,483 | 390,853 |
Intangible assets | 40,316 | 43,699 |
Assets taken in settlement of debts | 108,391 | 87,338 |
Other assets | 477,384 | 1,202,765 |
Goodwill | 28,154 | 28,139 |
TOTAL ASSETS | 26,926,004 | 26,856,680 |
- Loans granted to related parties against cash collateral amounted to USD 1 million.
- Includes an amount of USD 11 million with risk ceded to customers.
31/12/2022 | 31/12/2021 | |
USD Thousands | USD Thousands | |
OFF-BALANCE SHEET | ||
Financing commitments | ||
Financing commitments given to banks and financial institutions | 128,603 | 168,643 |
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
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
Result of the year
Shareholders' equity - Group share
Non-controlling interests
TOTAL SHAREHOLDERS' EQUITY
31/12/2022 | 31/12/2021 |
USD Thousands | USD Thousands |
1,813,577 2,351,219
420,089 407,037
36,192 219,452
19,304,105 20,004,241
77,18196,513
4,68037,075
354,965 243,948
352,173 188,098
546,231 817,427
22,909,193 24,365,010
651,979 651,979
6,6476,647
598,534 598,534
593,353 593,353
48,15048,150
1,677,781 1,240,277
23,877 329,375
(6,326)(6,096)
(2,781,759) (59,805)
4,624,630 173,798
(65,946) (55,895)
(971,250) (901,510)
(447,088) (189,553)
3,952,582 2,429,254
64,22962,416
4,016,811 2,491,670
Financing commitments given to customers | 1,512,376 | 1,834,308 |
Bank guarantees | ||
Guarantees given to banks and financial institutions | 7,863 | 38,616 |
Guarantees received from banks and financial institutions | 32,596 | 39,696 |
Guarantees given to customers | 616,908 | 635,529 |
Guarantees received from customers | 10,003,225 | 12,445,447 |
Foreign currencies forwards | ||
Foreign currencies to receive | 1,821,136 | 3,092,430 |
Foreign currencies to deliver | 1,824,022 | 3,056,053 |
Commitments on term financial instruments | 2,220,697 | 3,543,949 |
Fiduciary accounts | 1,119,434 | 938,283 |
Under specific instructions | 1,114,595 | 937,933 |
Under discretionary investments | 4,839 | 350 |
Assets under management | 6,427,276 | 7,394,062 |
Mutual funds | 26,632 | 32,775 |
Bad debts written off during the year | 18,917 | 2,386 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 26,926,004 | 26,856,680 |
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 loss
Of which: interest income
Net gain (loss) on financial investments
Other operating income
Total operating income
Net recovery (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 loss
Loss from associates under equity method
Net gain (loss) on disposal of fixed assets
Loss before tax
Income tax
Loss after tax
Result of discontinued operations, net of tax
Loss for the year
Non-controlling interest
Equity holders of the parent
Basic and diluted loss per share USD
Basic and diluted loss per share from continuing operations USD
31/12/2022 | 31/12/2021 |
USD Thousands | USD Thousands |
1,790,632 1,840,145
(109,516) (149,614)
1,681,116 1,690,531
(444,354) (593,623)
1,236,762 1,096,908
237,430 168,900
(385,172) (124,827)
(147,742)44,073
(815,177) (783,672)
3,0892,507
18,700(9,508)
22,35038,522
314,893 386,323
193,860 (108,645)
508,753 277,678
(410,115) (290,582)
(465,576) (165,122)
(34,943) (34,281)
(11,721) (13,147)
(922,355) (503,132)
(413,602) (225,454)
-
(825)
3,031(267)
(410,718) (226,546)
(24,010) (10,263)
(434,728) (236,809)
-
52,820
(434,728) (183,989)
12,3605,564
(447,088) (189,553)
(0.76) | (0.32) |
(0.76) | (0.41) |
HEADQUARTERS
BANK AUDI sal
Bank Audi Plaza, Bab Idriss
P.O.Box: 11-2560 Beirut - LEBANON
Phone: +961 1 994000 Fax: +961 1 990555 contactus@bankaudi.com.lb - bankaudigroup.com
FOREIGN PRESENCE
• BANQUE AUDI (SUISSE) SA | Phone: +41 22 704 11 11 Fax: +41 22 704 11 00 - contactus.gva@bankaudipb.com - bankaudipb.com | |
Beirut Representative Office | Phone: +961 1 977 544 Fax: +961 1 980 535 | |
• BANK AUDI FRANCE sa | Phone: +33 1 53 83 50 00 | Fax: +33 1 42 56 09 74 - contactus@bankaudi.fr - bankaudi.fr |
• AUDI CAPITAL (KSA) cjsc | Phone: +966 11 2199300 | Fax: +966 11 4627942 - contactus@audicapital.com - audicapital.com |
• BANK AUDI LLC (Qatar) | Phone: +974 44967365 Fax: +974 44967373 - contactus@bankaudi.com.qa | |
• ODEA BANK A.Ş. | Phone: +90 212 3048444 Fax: +90 212 3048445 - info@odeabank.com.tr - odeabank.com.tr | |
• BAPB HOLDING LIMITED | Phone: +357 22 465151 Fax: +357 22 379379 - p.sednaoui@bankaudipb.com - bankaudipb.com |
FACTORING
• Solifac sal | Phone: +961 1 209200 Fax: +961 1 209205 |
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Disclaimer
Bank Audi SAL published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 13:41:42 UTC.
