Banque BEMO published its audited financial statements for the year 2024 conveying a huge fluctuation in figures as a result of the change in the official exchange rate from LBP 15,000 per USD in 2023 to LBP 89,500 per USD in 2024. In figures, Banque BEMO reported a net after-tax loss of LBP 258.12 billion ($2.88 million), compared to a net after-tax profit of LBP 6.08 billion ($0.41 million) in 2023. In details, the bank’s net interest loss reached LBP 46.34 billion, with net commission & fee income standing at LBP 741.30 billion. Banque BEMO reported a net gain on financial instruments & other operating income of LBP 1,394.67 billion in 2024 (of which some LBP 1,200.26 billion ($13.41 million) stem from profit on exchange. Banque BEMO booked a net credit loss expense of LBP 1,560.33 billion in 2024. Consequently, the bank registered a net operating income of LBP 529.30 billion in 2024 compared to LBP 363.52 billion in 2023. The bank’s total expenses attained LBP 633.93 billion ($7.08 million) in 2024 of which staff costs of LBP 403.55 billion ($4.51 million) and other operating expenses of LBP 444.52 billion ($4.97 million). On the balance sheet front, Banque BEMO's total assets attained LBP 156.61 trillion ($1.75 billion) at end of 2024 with cash and deposits with Central Banks reaching LBP 133.11 trillion ($1.49 billion) and net loans & advances standing at LBP 3.03 trillion ($33.81 million). Banque BEMO’s financial assets held at Fair Value Through Profit or Loss stood at LBP 440.48 billion, while its investment securities portfolio amounted to LBP 12,630.07 billion. On the liabilities side, customer deposits ended the year 2024 at LBP 115.08 trillion ($1.29 billion) with the bank’s ratio of net loans to customer deposits receding to 2.63% in 2024 from 4.28% in 2023. Banque BEMO’s shareholders’ equity increased from LBP 2.06 trillion in 2023 to LBP 3.56 trillion ($39.72 million) in 2024 as a result of the LBP 1.34 trillion ($33.36 million) increase in revaluation reserves.