Bank Audi sal : Financial Statements in LBP (218 KB)

2022

Consolidated

Financial Highlights(1)

IN LEBANESE POUNDS

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.

LBP 40,591	LBP 29,217	LBP 5,936	LBP 6,055
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 2022 Annual Report).

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (AUDITED)

31/12/2022	31/12/2021
LBP Million	LBP Million

ASSETS

Cash and balances with central banks	14,304,554	18,917,582
Due from banks and financial institutions	3,016,766	2,680,674
Loans to banks and financial institutions and reverse repurchase agreements	216,397	127,877
Derivative financial instruments	119,143	287,067
Shares and participations at fair value through profit or loss	39,805	45,602
Debt instruments and other similar financial assets at fair value through profit or loss	216,940	115,436
Shares and participations at fair value through other comprehensive income	132,255	43,574
Debt instruments and other similar financial assets at fair value through other comprehensive income	899,586	1,121,306
Loans and advances to customers at amortised cost	5,871,120	7,079,127
Loans and advances to related parties at amortised cost(1)	64,475	70,485
Debtors by acceptances	7,055	55,891
Debt instruments classified at amortised cost(2)	7,055,456	7,284,909
Investments in associates	14,359	14,581
Property and equipment and right-of-use assets	7,646,768	589,211
Intangible assets	60,777	65,876
Assets taken in settlement of debts	163,400	131,662
Other assets	719,653	1,813,168
Goodwill	42,442	42,419
TOTAL ASSETS	40,590,951	40,486,447

1. Loans granted to related parties against cash collateral amounted to LBP 2 billion.
2. Includes an amount of LBP 17 billion with risk ceded to customers.

	31/12/2022	31/12/2021
	LBP Million	LBP Million
OFF-BALANCE SHEET
Financing commitments
Financing commitments given to banks and financial institutions	193,869	254,229
Financing commitments given to customers	2,279,907	2,765,219
Bank guarantees
Guarantees given to banks and financial institutions	11,853	58,214
Guarantees received from banks and financial institutions	49,139	59,841
Guarantees given to customers	929,989	958,060
Guarantees received from customers	15,079,861	18,761,511
Foreign currencies forwards
Foreign currencies to receive	2,745,362	4,661,838
Foreign currencies to deliver	2,749,714	4,607,000
Commitments on term financial instruments	3,347,701	5,342,503
Fiduciary accounts	1,687,547	1,414,461
Under specific instructions	1,680,252	1,413,934
Under discretionary investments	7,295	527
Assets under management	9,689,118	11,146,548
Mutual funds	40,147	49,409
Bad debts written off during the year	28,518	3,597

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 period

Shareholders' equity - Group share

Non-controlling interests

TOTAL SHAREHOLDERS' EQUITY

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

31/12/2022	31/12/2021
LBP Million	LBP Million

2,733,967 3,544,463

633,284 613,609

54,560 330,824

29,100,938 30,156,393

116,350 145,494

7,05555,891

535,114 367,752

530,898 283,557

823,443 1,232,271

34,535,609 36,730,254

982,859 982,859

10,02010,020

902,290 902,290

894,480 894,480

72,58672,586

2,529,255 1,869,717

35,995 496,533

(9,537)(9,190)

(4,193,502) (90,155)

6,971,629 262,001

(99,413) (84,261)

(1,464,160) (1,359,027)

(673,985) (285,751)

5,958,517 3,662,102

96,82594,091

6,055,342 3,756,193

40,590,951 40,486,447

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 LBP

Basic and diluted loss per share from continuing operations LBP

31/12/2022	31/12/2021
LBP Million	LBP Million

2,699,378 2,774,019

(165,096) (225,543)

2,534,282 2,548,476

(669,864) (894,887)

1,864,418 1,653,589

357,926 254,616

(580,647) (188,176)

(222,721)66,440

(1,228,879) (1,181,386)

4,6573,779

28,190 (14,334)

33,69358,072

474,701 582,381

292,243 (163,782)

766,944 418,599

(618,249) (438,053)

(701,856) (248,922)

(52,677) (51,678)

(17,669) (19,819)

(1,390,451) (758,472)

(623,507) (339,873)

1. (1,243)
   4,569(400)

(619,160) (341,516)

(36,194) (15,472)

(655,354) (356,988)

• 79,625
  (655,354) (277,363)
  18,6318,388
  (673,985) (285,751)
  (1,147)(485)
  (1,147)(621)

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]