Bank Audi: Net Profit (Loss)
Last value
Previous value
Percent year over year change
Add indicator
Labels
1y
3y
5y
All
| Location Lebanon |
| Series ID 135196 |
| Reference LEB135196Q092024 |
| Currency code LBP |
| Source Economena Analytics, Bank Audi |
| Frequency Quarterly |
| Unit Billion |
| Aggregation Period Sum |
| Note Unaudited. Consolidated. Quarterly figures are computed from year-to-date values. The figures for Q2 2020 and Q3 2020 are restated for the effect of separate presentation of profit from discontinued operations and share information. In February 2023, the Central Bank of Lebanon changed the official published exchange rate from LBP 1,507.5 to LBP 15,000 to the US Dollar. In January 2024, the Central Bank of Lebanon changed the official published exchange rate from LBP 15,000 to LBP 89,500 to the US Dollar. The Bank’s financial statements have been compiled and prepared in accordance with the regulatory requirements, especially in terms of translating all foreign currencies against the Lebanese Pound according to the prevailing official exchange rates issued by the Central Bank of Lebanon. As per regulatory requirements, Bank Audi publishes its figures in LBP, whereby most balances and transactions in foreign currencies, irrespective of their nature and source, are translated from the USD using the prevailing official exchange rate for the period as published by the Central Bank of Lebanon. As per regulatory requirement, some balances in foreign currencies are translated to LBP using other rates. The official exchange rate stood at LBP 1507.5 per USD as at end-December 2022 and LBP 15,000 per USD as at end-December 2023. Pursuant to BdL’s Basic Circular No.167 issued in February 2024, Bank Audi adopted, in preparing the financial statements as at the end-March 2024, the exchange rate announced on the electronic platform approved by the Central Bank of Lebanon, which is equivalent to LBP 89,500 to the US Dollar, compared to a prevailing official exchange rate of LBP 15,000 to the US Dollar as at end-December 2023. Disclaimer: the figures were published to comply with regulatory publishing requirements for listed banks operating in Lebanon. They should not be relied upon for decision-making, and they should be read in conjunction with the full set of financial statements and related disclosures as published on the Bank’s website. |
| Start date 1Q 2019 |
| End date 3Q 2024 |
| Useful links www.bankaudi.com.lb |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions Bank Audi, Bank Audi: Net Profit (Loss), retrieved from BRITE; https://brite.blominvestbank.com/series/Bank-Audi-Net-Profit-Loss-135196/ |
Loading news...
