Bank Audi published its unaudited results for the first half of 2024 reporting a net profit of LBP 1.10 billion as the bank continues its policy of allocating profits to provisions for risk and charges. The financials depict huge fluctuations from period to period due to the change in the official exchange rate from LBP 15,000 per USD at end of year 2023 to LBP 89,500 per USD since January 2024. In details, net interest income stood at LBP 10,175.77 billion YTD June 2024 while net commission & fee income reached LBP 4,844.19 billion. The bank registered net gains on financial instruments & other operating income of LBP 8,070.90 billion (of which some LBP 7,801.31 billion stem from trading gains). On the other hand, the bank booked some LBP 532.42 billion in net impairment losses (as the bank allocated most of its operating income to extinguish one-off losses related to the crisis) on financial assets. Consequently, Bank Audi registered a net operating income of LBP 22,558.44 billion during the first half of 2024. Concurrently, operating expenses read LBP 22,162.91 billion, with personnel expenses reaching LBP 4,228.76 billion and other operating expenses attaining LBP 17,547.17 billion. On the balance sheet front, the bank’s consolidated assets ended the month of June 2024 at LBP 1,506.64 trillion, with net loans & advances standing at LBP 83.05 trillion and customer deposits nearing LBP 1,114.29 trillion. Consequently, the bank’s ratio of net loans to customer deposits ended June 2024 down at 7.45% from 8.05% at end of year 2023. Bank Audi’s shareholders’ equity reached LBP 84.42 trillion at end of June 2024, of which LBP 47.83 billion were derived from foreign currency translation reserves.