Bank Audi: Provisions for Risks and Charges - Bank Audi: Liabilities - Earnings - Lebanon

Bank Audi: Provisions for Risks and Charges

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Bank Audi: Provisions for Risks and Charges

Location
Lebanon

Series ID
135145

Reference
LEB135145A2023

Currency code
LBP

Source
Economena Analytics, Bank Audi

Frequency
Annual

Unit
Trillion

Aggregation
End of Period

Note
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.

Start date
2011

End date
2023

Useful links
www.bankaudi.com.lb

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