{{lse|BQAD|fourway=US0605721127USUSDIOBE}}"},"founded":{"wt":"[[Beirut,Lebanon]] ({{start date|1830}})"},"hq_location_city":{"wt":"[[Beirut]]"},"hq_location_country":{"wt":"[[Lebanon]]"},"area_served":{"wt":"{{ublist |[[Lebanon]] |[[Europe]] |([[Switzerland]],[[France]]) |[[Turkey]] |[[MENA]] |([[KSA]],[[Qatar]],[[UAE]])}}"},"industry":{"wt":"[[Financial services]]"},"key_people":{"wt":"[[Raymond Audi]]
{{small|(co-founder)}}
[[Samir Hanna]]
{{small|(Chairman of the Board of Directors)}}"},"products":{"wt":"[[Consumer banking]],[[corporate banking]],[[insurance]],[[investment banking]],[[mortgage loans]],[[private banking]],[[private equity]],[[wealth management]],[[credit cards]],[[treasury]] and [[capital markets]]"},"revenue":{"wt":""},"operating_income":{"wt":""},"net_income":{"wt":""},"assets":{"wt":"LBP1,506,995 billion (March 2024)"},"num_employees":{"wt":"3,100+ (March 2024){{cite web| url=https://www.bankaudigroup.com/group/corporate-profile| title=Corporate Profile| publisher=Bank Audi| accessdate=11 May 2021}}"},"parent":{"wt":""},"website":{"wt":"{{URL|www.bankaudigroup.com}}\n{{URL|www.bankaudi.com.lb}}"},"footnotes":{"wt":""}},"i":0}}]}" id="mwBg">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}
![]() | |
![]() Branch at Sin el Fil, Beirut | |
Company type | Société anonyme libanaise |
---|---|
Beirut Stock Exchange: AUDI LSE: BQAD | |
Industry | Financial services |
Founded | Beirut, Lebanon (1830 ) |
Headquarters | , |
Area served | |
Key people | Raymond Audi (co-founder) Samir Hanna (Chairman of the Board of Directors) |
Products | Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, treasury and capital markets |
Total assets | LBP1,506,995 billion (March 2024) |
Number of employees | 3,100+ (March 2024) [1] |
Website | www |
Bank Audi (Arabic : بنك عودة, previously Bank Audi-Saradar) is a Lebanon-based universal bank and financial services company headquartered in Beirut, offering financial products and services in personal banking, business banking, private banking and Treasury and Capital Markets segments.
Bank Audi operates principally in Lebanon, in Europe, in the MENA region and in Turkey. [2] [3]
As at end-June 2024, Bank Audi’s consolidated assets reached LBP 1,506,637 billion, principally driven by private customers’ deposits of LBP 1,114,289 billion, with shareholders’ equity reaching LBP 84,416 billion. Bank Audi’s group staff headcount exceeds 2,900 employees and its shareholders’ base encompasses more than 1,500 holders of common shares and/or holders of Global Depositary Receipts (GDRs) representing common shares.
Bank Audi was founded in 1830, but was only incorporated as a bank in 1962. [4] [5]
Members of the Audi family, as well as Kuwaiti investors, were the first shareholders. Since 1983, the shareholder base has expanded and currently consists of more than 1,500 holders of Common Shares and Global Depository Receipts.
In 2004, Bank Audi signed a merger agreement with Banque Saradar, entitling Saradar Holding to become one of the largest shareholders of Bank Audi sal-Audi Saradar Group. [6] After six years of managing the Audi Saradar Group Private Banking, both banks de-merged, and Bank Audi continued privately on its own.
On 20 February 2019, Bank Audi announced a new deposit agreement by which The Bank of New York Mellon is named the successor depositary bank for its global depositary receipt programme, replacing Deutsche Bank Trust Company Americas as Depositary. [7] [8]
After former Central Bank of Lebanon governor Riad Salameh was charged with embezzling $330 million in public funds, the Swiss financial regulator FINMA launched investigations into Lebanese banks with operations in Switzerland and in 2024 censured Bank Audi for serious money laundering violations. [9]
Personal banking at Bank Audi consists of the services and products offered to the individuals. [11]
Business Banking [12] at Bank Audi is the set of services offered to businesses and corporations in Lebanon. It includes corporate banking, commercial banking, and SME banking.
Bank Audi Private Bank began its operations in 1976 and has been handling it through two main booking centers based in Switzerland and United Arab Emirates. [13]
FRH Investment Holding sal holds the greatest shares, followed by Audi family, heirs of Sheikha Suad Hamad Al Saleh Al Homaizi, Sheikh Dhiab Bin Zayed Al Nehayan, Al Sabbah family, and others. [14]
Bank Audi sal subsidiaries include Odea Bank – Turkey, Banque Audi – Switzerland, Audi Private Bank sal, Audi Capital – Kingdom of Saudi Arabia, Bank Audi – Qatar, Bank Audi France sa, SOLIFAC and Audi Investments Holding. [15]
In 2011, Bank Audi introduced NOVO spaces in selected locations to allow live video chat with tellers and to provide an advisory room for expert consultancies. [16]
Bank Audi introduced Interactive Teller Machines by the NCR Corporation in 2014. [17] Their concept revolve around allowing customers to talk live to a personal teller for transfers, deposits, cashing cheques and making different types of payments. [18]
In 2014, Bank Audi introduced Tap2Pay, the first near-field communication mobile payment service in Lebanon and the Middle East. [19]
Founded in 2000 by Raymond Audi, the Audi Foundation aims at preserving the culture, heritage and craftsmanship of Sidon, Lebanon.
In 2018, World Music Day was celebrated by the Audi Foundation with two concerts, [20] and the Swiss World Cup matches [21] were transmitted on the terraces, in an event.
Bank Audi created a comprehensive corporate art collection, located in three of the bank's buildings.
Bank Audi started its corporate social responsibility initiatives in 2012. Its CSR policy currently contributes to five pillars: corporate governance, economic development, community development, human development and environmental protection. In 2017, [22]
Bank Audi sponsored the More Than Money program by Injaz Lebanon that aims at educating children in school about earning, spending, tracking, and investing cash. [23]
Bank Audi launched Beyond Banking Hackathon to nurture Lebanon's fintech and banking sectors by creating an environment for participants to test their ideas prior to launching. [24]
The lira or pound is the currency of Lebanon. It was formerly divided into 100 piastres but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.
Banque Cantonale de Genève (BCGE) is a limited company established under Swiss public law, resulting from the merger of the Caisse d'Épargne de la République et Canton de Genève and the Banque Hypothécaire du Canton de Genève. It is one of the 24 cantonal banks.
Butterfield, officially The Bank of N. T. Butterfield & Son Limited, is a financial services company founded and headquartered in Bermuda. It provides services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where its principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where it offers specialized financial services. Banking services comprise deposit, cash management and lending for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, Butterfield offers both banking and wealth management. In The Bahamas, Singapore and Switzerland, Butterfield offers select wealth management services. In the UK, Butterfield offers residential property lending. In Jersey, it offers banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange and the Bermuda Stock Exchange.
Bank of Beirut is a bank in Beirut, Lebanon. Bank of Beirut was founded in 1963 as Realty Business Bank S.A.L. and in 1970, changed its name to the current name. In 1993, a group of bankers and businessmen headed by Salim Sfeir, the current chairman and CEO, acquired the five-branch bank, which ranked 35 out of the 71 banks operating that year, and in 1997, Bank of Beirut was listed on the Beirut Stock Exchange. Since the beginning of the financial crisis in Lebanon in October 2019, this bank has and continues to wrongfully withhold funds for depositors and in collaboration with the political elites of Lebanon is transferring funds they have amassed in the biggest Ponzi scheme ever.
BLC Bank SAL (BLC:LB) is a Lebanese financial institution offering banking, insurance and asset management services. BLC Bank subsidiaries are BLC Finance SAL and BLC Services SAL.
Byblos Bank is a Lebanese bank established in 1963 and headquartered in Beirut, Lebanon. It is the country's third largest bank by assets. It is one of the Alpha banks in Lebanon, along with Banque Libano-Française S.A.L., Bank Audi, BLOM Bank, and Fransabank, which are its main competitors. As at 31 July 2018, it operates 88 branches in Lebanon.
Lebanese Swiss Bank SAL is a Lebanese financial institution established in 1962 and headquartered in Beirut, Lebanon. LSB offers various banking products and services covering Retail, Corporate, and Private Banking to a diversified client base.
Creditbank S.A.L is a Lebanese bank established in 1981 as Crédit Bancaire by Joseph Khalifé and Isaac Wimett. The acquisition of Crédit Lyonnais s.a.l in 2002 prompted the bank to change its name to Creditbank s.a.l.
Banque Internationale à Luxembourg S.A. is the oldest private bank in Luxembourg. It offers commercial and corporate banking services, and was the country's third-largest employer by 2011, with 3,640 employees. Since 2018, it has been majority-owned by China-headquartered Legend Holdings. The bank has offices in Luxembourg, Switzerland and China.
Banque Libano-Française is a Lebanese bank holding number 10 on Banque du Liban List of Banks. It was established as a joint stock company in 1967. Its head office is located at the Beirut Liberty Plaza Building, Hamra District, Beirut, Lebanon.
BLOM BANK is a Lebanese bank established in 1951 and headquartered in Beirut. Providing banking services such as "commercial, corporate, private, investment, retail, Islamic banking, asset and wealth management, capital market services, and insurance products," BLOM Bank is one of Lebanon's largest banks and has its shares listed on the Beirut Stock Exchange and the Luxembourg Stock Exchange.
Bankmed SAL is a Lebanese bank, established in 1944, owned by the holding company GroupMed. It is one of Lebanon’s top five banks by both assets and deposits, and has 36 branches in Lebanon, and one in Geneva. Bankmed is owned by the family of Rafic Hariri, the former prime minister and billionaire businessman who was assassinated in 2005. The bank is also the largest shareholder in Solidere, the real estate company that rebuilt Beirut's Central District after the Lebanese Civil War.
Bank of Beirut and the Arab Countries s.a.l is a Lebanese commercial bank that was established in 1956. With its headquarters located in Clemenceau, Beirut, it is among the top ten banks in Lebanon, with a total capital of 157 billion LBP. It provides a wide range of services to individuals and corporations, including private banking, corporate and commercial banking, trade finance, retail banking, treasury and capital markets, and bank assurance.
First National Bank is a Lebanese financial bank, established in the year 1991 under the name.
Intercontinental Bank of Lebanon is a Lebanese Bank with headquarters and main branch located in Achrafieh, Beirut, Lebanon.
Saradar Bank is a Lebanese bank, licensed by the Banque du Liban, previously known as Audi-Saradar Bank during the merging with Bank Audi from 2004 till 2016. There is very little information known about Saradar Bank before 2004, but it was known that it was established in 1948 by the businessman Marius Saradar, and was entirely owned by the family, most likely for the purpose of managing the family's money.
Societe Generale de Banque au LibanS.A.L., founded in 1953, is a Lebanese bank. It is a subsidiary of SGBL Group, which operates in Lebanon, and offers banking services in the Middle East, the Gulf and Europe.