Bank Audi published its audited results for the year 2024 reporting a net profit of LBP 1.71 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 19,490.06 billion in 2024 while net commission & fee income reached LBP 9,977.12 billion. The bank registered net gains on financial instruments & other operating income of LBP 11,276.77 billion (of which some LBP 10,238.09 billion stem from trading gains). In addition, the bank booked some LBP 1,173.47 billion in net recoveries on financial assets. Consequently, Bank Audi registered a net operating income of LBP 41,917.41 billion during the year 2024. Concurrently, operating expenses read LBP 39,185.75 billion, with personnel expenses reaching LBP 9,145.62 billion and other operating expenses attaining LBP 29,185.62 billion, noting that the bank’s cost to income ratio dropped from 52.13% in 2023 to 44.80% in 2024. On the balance sheet front, the bank’s consolidated assets ended the year 2024 at LBP 1,491.53 trillion, with net loans & advances standing at LBP 86.16 trillion and customer deposits nearing LBP 1,111.25 trillion. Consequently, the bank’s ratio of net loans to customer deposits ended the year 2024 down at 7.75% from 8.19% at end of year 2023. Bank Audi’s shareholders’ equity reached LBP 85.45 trillion at end of year 2024, of which LBP 47.28 trillion were derived from foreign currency translation reserves. The bank’s Common Equity Tier 1 ratio & Total Capital Adequacy ratio fell to 5.55% and 7.43% on a respective basis, with the return on average assets dropping to 1.08% in 2024 from 1.22% in 2023, while the return on average equity improved from 15.86% in 2023 to 18.39% in 2024.