Bank Audi sal : September 2021

2021

Consolidated Activity

Highlights(1)

IN LEBANESE POUNDS

AT END-SEPTEMBER 2021

• Persisting excessive uncertainties arising from a lasting financial crisis since 2019, preventing Management to estimate in a true and fair manner, and as per IFRS, the adverse impact of those matters on the Bank's financial position and equity, which it anticipates to be material.
• A number of measures have been taken to reinforce the Bank's financial standing, of which most importantly the capital increase completed in 2020 and the sale of the operations outside Lebanon in Jordan, Iraq and Egypt. As a result, the Bank is in compliance with the regulatory requirement to increase its shareholders' equity by 20%, as requested by the Central Bank of Lebanon.
• 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.

LBP 42,155	LBP 31,419	LBP 7,934	LBP 4,119
billion of	billion of net	billion of
billion of
customers'	loans to	shareholders'
total assets
deposits	customers	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 2020 Annual Report and to the Interim Report as at end-September 2021).

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

30/9/2021	31/12/2020
LBP Million	LBP Million

ASSETS

Cash and balances with central banks	18,554,624	19,486,210
Due from banks and financial institutions	2,962,594	2,167,959
Loans to banks and financial institutions and reverse repurchase agreements	169,392	264,246
Derivative financial instruments	168,133	218,820
Shares and participations at fair value through profit or loss	47,917	54,388
Debt instruments and other similar financial assets at fair value through profit or loss	248,017	337,679
Of which: loans and advances at fair value through profit or loss	-	7,124
Shares and participations at fair value through other comprehensive income	62,093	65,714
Debt instruments and other similar financial assets at fair value through other comprehensive income	1,445,624	1,452,659
Loans and advances to customers at amortised cost	7,855,842	9,142,352
Loans and advances to related parties at amortised cost(1)	78,464	108,200
Debtors by acceptances	26,834	17,892
Debt instruments classified at amortised cost(2)	7,711,475	7,787,493
Investments in associates	82,748	113,923
Property and equipment and right-of-use assets	591,178	635,928
Intangible assets	69,936	81,081
Assets taken in settlement of debts	155,676	203,160
Assets held for sale	-	9,493,147
Other assets	1,881,789	1,739,097
Goodwill	42,408	42,384
TOTAL ASSETS
42,154,744	53,412,332

1. Loans granted to related parties against cash collateral amounted to LBP 6 billion.
2. Includes an amount of LBP 155 billion with risk ceded to customers.

		30/9/2021	31/12/2020
		LBP Million	LBP Million
	OFF-BALANCE SHEET
	Financing commitments
	Financing commitments given to banks and financial institutions	299,425	201,855
	Financing commitments given to customers	3,412,562	2,126,797
	Bank guarantees
	Guarantees given to banks and financial institutions	160,037	24,751
	Guarantees received from banks and financial institutions	71,246	123,281
	Guarantees given to customers	1,106,687	1,067,930
	Guarantees received from customers	21,526,309	24,166,942
	Foreign currencies forwards
	Foreign currencies to receive	4,972,745	5,014,511
	Foreign currencies to deliver	4,915,827	5,112,142
	Commitments on term financial instruments	5,725,458	6,248,790
	Fiduciary accounts	1,436,275	1,728,409
	Under specific instructions	1,431,335	1,720,562
	Under discretionary investments	4,940	7,847
	Assets under management	12,026,231	11,426,278
	Mutual funds	47,507	38,495
	Bad debts written off during the year	6,549	514,102

	30/9/2021	31/12/2020
	LBP Million	LBP Million
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Due to central banks	3,644,857	4,024,308
Due to banks and financial institutions and repurchase agreements	847,966	1,519,173
Derivative financial instruments	285,468	446,793
Customers' deposits	31,251,648	32,290,695
Deposits from related parties	167,308	163,019
Debt issued and other borrowed funds	18,891	115,588
Engagements by acceptances	26,834	17,892
Other liabilities	376,356	531,019
Provisions for risks and charges	197,632	150,599
Subordinated loans and similar debts	1,218,837	1,202,225
Liabilities related to assets held for sale	-	8,502,601
TOTAL LIABILITIES	38,035,797	48,963,912
Shareholders' equity - Group share
Share capital - common shares	982,859	982,859
Share capital - preferred shares	10,020	10,020
Issue premium - common shares	902,290	902,290
Issue premium - preferred shares	894,480	894,480
Share capital and cash contribution to capital	72,586	72,586
Non-distributable reserves	1,869,717	2,209,661
Distributable reserves	493,355	17,270
Treasury shares	(9,190)	(9,190)
Retained earnings	(106,403)	767,489
Revaluation reserve of real estate	262,001	337,059
Other components of equity	(18,616)	(11,861)
Foreign currency translation reserve	(1,205,447)	(1,078,654)
Other components of equity related to assets held for sale	-	(587,877)
Result of the period	(167,978)	(225,147)
Shareholders' equity - Group share	3,979,674	4,280,985
Non-controlling interests	139,273	167,435
TOTAL SHAREHOLDERS' EQUITY	4,118,947	4,448,420
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	42,154,744	53,412,332

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 income

Fee and commission income

Fee and commission expense

Net fee and commission income (expense)

Net (loss) gain on financial assets at fair value through profit and loss Of which: interest income

Net (loss) gain on financial investments Other operating income

Total operating income

Net 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

Share of profit (loss) of associates under equity method Net (loss) gain on disposal of fixed assets

Loss before tax

Income tax

Loss after tax

Result of discontinued operations, net of tax

Loss for the period

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

30/9/2021	30/9/2020
LBP Million	LBP Million

2,066,576 2,620,338

(169,688) (213,123)

1,896,888 2,407,215

(690,740) (1,454,691)

1,206,148 952,524

185,579 163,281

(180,117) (638,464)

5,462 (475,183)

(930,193) 127,286

3,7872,247

(8,965)31,740

33,46414,043

305,916 650,410

(11,219) (165,819)

294,697 484,591

(310,226) (305,800)

(162,198) (171,622)

(40,141) (49,498)

(14,871) (16,392)

(527,436) (543,312)

(232,739) (58,721)

• (455)
  (1,219)121

(233,958)	(59,055)
(6,693)	(47,705)
(240,651)	(106,760)
78,856	106,760
(161,795)	-
6,183	5,463
(167,978)	(5,463)
(280)	-

1. (211)

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

• BANK AUDI sal - ABU DHABI REP. OFFICE Phone: [phone] Fax: [phone] - [e-mail] - bankaudipb.com

FACTORING

• Solifac sal

Phone: [phone] Fax: [phone]