Bank Audi

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 sae (Egypt),
  • Audi Capital (KSA) cjsc,
  • Bank Audi LLC (Qatar),
  • Bank Audi sal - Iraq Branches,
  • Arabeya Online Brokerage,
  • Bank Audi sal - Abu Dhabi Representative Office
Website http://www.bankaudigroup.com

Bank Audi is a regional group with a universal banking profile. The Bank offers universal financial products and services including Corporate, Commercial, Retail and Personal, and Private Banking services in addition to Investment Banking. As at end-September 2016, Bank Audi’s private customers’ deposits reached USD 37.0 billion, with shareholders’ equity reaching USD 3.7 billion. Bank Audi’s group staff headcount exceeds 6,800 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 S.A.L. is Lebanon's largest bank in terms of both customer deposits and total assets.[1] Bank Audi currently operates 79 branches in Lebanon and a network of 223 ATMs. Its roots date back to 1830, when Hanna Audi inherited his father's exchange business.[2] Bank Audi SAL was granted the "Best Bank in Lebanon" award at the 2009 Euromoney Awards for Excellence Middle East ceremony.

In 2016, Bank Audi ranked on the Forbes Magazine Global 2000 list of largest public companies in the world. Largest shareholder of the company is the Deutsche Bank Trust Company Americas, acting as trustee for the holders of GDRs issued by the bank.

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 September 30, 2016, Bank Audi sal and its consolidated subsidiaries had 6,865 employees, including 3,290 persons employed in Lebanon and 1,622 persons employed at Odeabank in Turkey. Bank Audi saw its net profits in the first nine months of 2016, growing by 15% relative to the corresponding period of 2015, and of which 44% from entities outside Lebanon. Bank Audi ranked first among Lebanese banks in terms of total assets (LL 68,252 billion), shareholders’ equity (LL 5,533 billion), customers’ deposits (LL 55,721 billion), loans and advances (LL 28,363 billion) and net profits (LL 528 billion).[9]

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
  3. ↑ Harry Bellet, Elodie Jauneau and Emilie Guyonnet (13.09.01). "Une fondation cachée et une closerie pour accéder au monde secret du peintre". Le Monde. Retrieved 6 February 2012. Check date values in: |date= (help)
  4. ↑ "The Dubuffet". Blogging Beirut. April 27, 2009. Retrieved 6 February 2012.
  5. ↑ "Biography". Jean-Marc Nahas. Retrieved 6 February 2012.
  6. ↑ "Paul Wakim Exhibition". Bank Audi. May 3, 2010. Retrieved 6 February 2012.
  7. ↑ "Lucas Cranach" (PDF). Bank Audi Suisse. Retrieved 6 February 2012.
  8. ↑ Salame Sarkis, Hassan; Buchakjian, Gregory (2008). Audi, Raymond, ed. Pièces Choisies. Collection Bank Audi (Bank Audi ed.).
  9. ↑ "Corporate Profile". Bank Audi. September 30, 2016. Retrieved 3 November 2016.
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