Bank Audi: Property and Equipment
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Location
Lebanon |
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Series ID
135203 |
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Reference
LEB135203Q032026 |
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Currency code
LBP |
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Source
Economena Analytics, Bank Audi |
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Frequency
Quarterly |
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Unit
Trillion |
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Aggregation
End of Period |
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Note
Unaudited. Consolidated. 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. The figures as of January 1, 2024, and December 31, 2024, are restated for the effects of the matters disclosed in Note 3 of the 2025 Annual Report. |
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Start date
1Q 2019 |
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End date
1Q 2026 |
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Useful links
www.bankaudi.com.lb |
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Suggested citation. Use of data is subject to Terms & Conditions
Bank Audi, Bank Audi: Property and Equipment, retrieved from BRITE; https://brite.blominvestbank.com/series/Bank-Audi-Property-and-Equipment-135203/ |
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