Bank Audi published its unaudited consolidated financial statements for the first half of 2025 reporting a net profit of LBP 5,700.71 billion ($63.70 million) compared to LBP 1.10 billion ($12.25 thousand) in the same period last year noting that the bank commented in its consolidated financial highlights that it continues to “allocate consolidated operating surpluses to provisions for risk and charges”. In details, net interest income contracted by 7.38% y-o-y to reach LBP 9,294.51 billion while net commission & fee income rose by 3.65% to LBP 5,020.77 billion. The bank’s net gains on financial instruments & other operating income stood at LBP 7,804.89 billion (of which net gains on financial investments totaling LBP 17,155.26 billion ($191.68 million) and net trading losses of LBP 9,493.15 billion ($106.07 million)) in H1-2025, down by 3.30% y-o-y when compared to the LBP 8,070.90 billion figure reported in H1-2024. In addition, the bank booked some LBP 145.26 billion in net recoveries on financial assets compared to impairments of LBP 534.61 billion a year earlier. Consequently, Bank Audi’s net operating income contracted by 0.67% year-on-year to reach LBP 22,265.42 billion during the first half of 2025. Concurrently, operating expenses dropped by 28.36% year-on-year to read LBP 15,839.01 billion ($176.97 million) in H1-2025, with personnel expenses increasing by 13.54% to LBP 4,801.38 billion ($53.65 million) and other operating expenses dropping by 39.56% to LBP 10,572.31 billion ($118.13 million). The bank highlighted that it continues to redefine its business model in Lebanon by shifting towards a cost effective digital platform mainly for individual customers while “reshaping” the branch network to service high-net-worth and corporate clients. On the balance sheet front, the bank’s consolidated assets contracted by 11.43% in the first half of 2025 to LBP 1,321.04 trillion ($14.76 billion) which may be attributed to the sale of its Turkish subsidiary “Odeabank”. Net loans & advances rose by 0.37% in H1-2025 to LBP 86.47 trillion ($0.97 billion) with cash balances with Central Banks remaining almost flat at LBP 865.75 trillion ($9.67 billion). Customer deposits rose by 2.50% in H1-2025 to attain LBP 1,139.07 trillion ($12.73 billion). Consequently, the bank’s ratio of net loans to customer deposits ended the first half of year 2025 down at 7.59% from 7.75% at end of year 2024. Bank Audi’s shareholders’ equity ended the first half of 2025 up by 9.67% at LBP 93.71 trillion ($1.05 billion) of which foreign currency translation reserves of LBP 52.04 trillion ($581.43 million), accumulated profit of LBP 4.45 trillion ($49.75 million; excluding interim profit) and real estate revaluation gains of LBP 19.11 trillion ($213.48 million).