Audi Bank’s profits for first half of 2001 reach $16.57 million
Lebanon’s Banque Audi S.A.L. posted profits of $16.57 million for the first six months of 2001. The figure represents a 9.5 percent drop in comparison to the corresponding period of last year, according to Blominvest Bank S.A.L..
Despite the profit drop, total assets of the bank rose 18.6 percent to reach $4.02 billion at the end of June 2001, whereas deposits surged 21.2 percent to $3.38 billion.
The bank’s capital adequacy ratio for June-end stood at 19 percent, whereas the liquidity ratio reached 77.2 percent of customers’ deposits. Foreign currency liquidity reached $1.12 billion, amounting to 44.2 percent of foreign currency customer’s deposits. —(MENA Report)
© 2001 Mena Report (www.menareport.com)