Bank Audi: Provisions for Risks and Charges
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Location
Lebanon |
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Series ID
135145 |
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Reference
LEB135145A2025 |
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Currency code
LBP |
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Source
Economena Analytics, Bank Audi |
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Frequency
Annual |
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Unit
Trillion |
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Aggregation
End of Period |
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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. 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
2011 |
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End date
2025 |
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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: Provisions for Risks and Charges, retrieved from BRITE; https://brite.blominvestbank.com/series/Bank-Audi-Provisions-for-Risks-and-Charges-135145/ |
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