Bank Audi published its unaudited consolidated financial statements for the first quarter of the year 2026 reporting a net profit of LBP 1,735.68 billion (around $19.39 million) compared to LBP 151.89 billion ($1.70 million) in Q1-2025. In this regard, the bank commented that the Q1-2026 result was achieved while “continuing to allocate a portion of operating income toward provisions for risks and charges”. In details, net interest income contracted by 21.48% y-o-y to reach LBP 3,584.39 billion while net commission & fee income rose by 15.18% to LBP 2,832.69 billion. The bank’s net gains on financial instruments & other operating income stood at LBP 360.25 billion (of which other operating income of LBP 1,089.33 billion ($12.17 million) and net trading losses of LBP 726.37 billion ($8.12 million)), down by 91.47% y-o-y when compared to the LBP 4,223.80 billion figure reported in Q1-2025. In addition, the bank booked some LBP 52.32 billion in impairments on financial assets in Q1-2026 compared to some LBP 1.37 billion in recoveries a year earlier. Consequently, Bank Audi’s net operating income fell by 40.22% year-on-year to reach LBP 6,725.01 billion during the first quarter of the year 2026. Concurrently, operating expenses dropped by 56.68% y-o-y to LBP 4,729.33 billion ($52.84 million) in Q1-2026, with personnel expenses increasing by 17.06% to LBP 2,642.73 billion ($29.53 million) and other operating expenses dropping by 78.66% to LBP 1,799.44 billion ($20.11 million). On the balance sheet front, the bank’s consolidated assets contracted by 2.26% in Q1-2026 to LBP 1,322.91 trillion ($14.78 billion) with net loans & advances dropping by 4.07% to LBP 97.92 trillion ($1.09 billion) and cash & balances with Central Banks regressing by 4.94% to LBP 826.33 trillion ($9.23 billion). Customer deposits at Bank Audi fell by 2.10% during the first quarter of 2026 to LBP 1,129.81 trillion ($12.62 billion). Consequently, the bank’s ratio of net loans to customer deposits ended Q1-2026 down at 8.67% from 8.84% at end of 2025. Bank Audi’s shareholders’ equity ended Q1-2026 down by 0.69% at LBP 102.98 trillion ($1.15 billion) of which foreign currency translation reserves of LBP 51.57 trillion ($576.21 million), retained earnings of LBP 13.58 trillion ($151.77 million) and real estate revaluation gains of LBP 26.92 trillion ($300.82 million).