Bank Audi

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Bank Audi S.A.L.
Public
Industry Banking
Founded Beirut, Lebanon, (1830 (1830))
Headquarters Audi Plaza, Beirut, Lebanon
Area served
Number of employees
 6,601
Subsidiaries
  • Lebanon,
  • Audi Investment Bank sal,
  • Audi Private Bank sal,
  • Solifac
  • Europe
  • Banque Audi (Suisse) sa,
  • Bank Audi France sa,
  • Audi Capital Gestion sam
  • Turkey
  • Odea Bank A.Ṣ.
  • MENA,
  • Bank Audi sal - Jordan Branches,
  • Bank Audi Syria sa,
  • Bank Audi sae (Egypt),
  • National Bank of Sudan,
  • Audi Capital (KSA) cjsc,
  • Bank Audi LLC,
  • Arabeya Online Brokerage,
  • Bank Audi sal - Abu Dhabi Representative Office
Website http://www.bankaudigroup.com

Bank Audi S.A.L. is Lebanon's largest bank in terms of both customer deposits and total assets.[1] Bank Audi currently operates 73 branches in Lebanon and a network of 162 ATMs. Its roots date back to 1830, when Hanna Audi inherited his father's exchange business.[2] Bank Audi SAL - Audi Saradar Group was granted the "Best Bank in Lebanon" award at the 2009 Euromoney Awards for Excellence Middle East ceremony.

Largest shareholder of the company is the Deutsche Bank Trust Company Americas.

Corporate Art Collection

Bank Audi was the first Lebanese bank to create a comprehensive corporate art collection, located in three of the bank’s buildings. The villa, or historical headquarters situated steps from the Rue Sursock shelters mosaics and other pieces from Antiquity. The new headquarters, designed by Kevin Dash in Beirut Central District houses modern and contemporary art from Europe (Raoul Dufy, Édouard Vuillard, Bernard Buffet, Jacques Villon, Paul Delvaux and Tour Dentelièrea large sculpture by Jean Dubuffet[3] in the atrium[4]) and Lebanon (Shafic Abboud, Hanibal Srouji, Lamia Joreige, Chaouki Chamoun, Jean-Marc Nahas,[5] Paul Wakim,[6] Mohammad Rawas, Hussein Madi). The Geneva headquarters has an ensemble of Old Master Paintings (Lucas Cranach the Elder,[7] Pieter Brueghel the Younger, Abel Grimmer, Frans Snyders, Jan van Goyen, Jacob van Ruisdael).[8]

Latest Figures

As at March 31, 2015, Bank Audi sal and its consolidated subsidiaries had 6,601 employees, including 3,060 persons employed in Lebanon and 1,476 persons employed at Odeabank in Turkey.[9] Bank Audi saw its net profits in the first quarter of 2015 surge by 17 percent to $100 million, 52 percent of which came from entities outside Lebanon. The Bank’s net earnings reached $100 million in the first quarter of 2015 as compared to $85.7 million in the first quarter of 2014, growing by 17 percent year-on-year, after the allocation of $33 million of net loan loss provision charges. Bank Audi was the first listed bank in Beirut bourse to disclose its results in the first quarter of this year. [10]

References

  1. ↑ Tom Perry, Reuters (January 30, 2009). "Lebanon Bank Audi says '08 profit soars, sees growth" (Retrieved October 5, 2009).
  2. ↑ Oxford Business Group. Emerging Lebanon 2006, p. 75. ISBN 978-1-902339-46-7
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