Bank Audi

Bank Audi S.A.L.
Company typeSociété anonyme libanaise
Beirut Stock Exchange: AUDI
LSE: BQAD
IndustryFinancial services
FoundedBeirut, Lebanon (1830 (1830))
Headquarters
Beirut
,
Lebanon
Area served
Key people
Raymond Audi
(co-founder)
Samir Hanna
(Chairman of the Board of Directors)
ProductsConsumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, treasury and capital markets
Total assetsLBP1,506,995 billion (March 2024)
Number of employees
3,100+ (March 2024)[1]
Websitewww.bankaudigroup.com www.bankaudi.com.lb

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.

[2]

History

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]

Operations

Board of directors

  • Mr. Samir N. Hanna, Chairman of the Board of Directors[10]
  • Dr. Marwan M. Ghandour
  • Mr. Marc J. Audi
  • Mr. Abdullah I. Al Hubayb
  • Dr. Khalil M. Bitar
  • Mrs. Sherine R. Audi
  • Mr. Farid F. Lahoud, Group corporate secretary

Banking services

Retail and personal banking

Personal banking at Bank Audi consists of the services and products offered to the individuals.[11]

Commercial and corporate banking

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.

Private 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]

Major shareholders

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]

Main subsidiaries

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]

Innovative services

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]

Culture

Audi foundation

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.

Corporate art collection

Bank Audi created a comprehensive corporate art collection, located in three of the bank's buildings.

Corporate social responsibility

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]

Sponsorship

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]

See also

References

  1. ^ "Corporate Profile". Bank Audi. Retrieved 11 May 2021.
  2. ^ a b "Bank Audi Group – Corporate Profile". bankaudigroup.com. Retrieved 2019-02-06.
  3. ^ "Worldwide Correspondents". bankaudi.com.lb. Retrieved 2019-01-23.
  4. ^ "Commercial Register of the Lebanese Ministry of Justice". Archived from the original on 2019-01-24. Retrieved 2019-01-23.
  5. ^ "Banque Du Liban Registered Banks in Lebanon". Archived from the original on 2019-09-14. Retrieved 2019-01-23.
  6. ^ "Our Story - Saradar Group". saradar.com. Archived from the original on 2020-08-15. Retrieved 2019-01-23.
  7. ^ "fundservices Website". fundservices.net. 2019-03-22. Archived from the original on 2021-02-27. Retrieved 2019-03-22.
  8. ^ "Bank Audi Announcements" (PDF). bankaudigroup.com. 2019-02-20. Retrieved 2019-02-20.[permanent dead link‍]
  9. ^ Jones, Sam; Jalabi, Raya. "Swiss find Lebanon's biggest bank guilty of serious money laundering breaches". Financial Times. Retrieved 8 August 2024.
  10. ^ "Board of Directors and Group Executive Committee". www.bankaudigroup.com. Retrieved 2020-11-04.
  11. ^ "Personal Banking". bankaudi.com.lb. Archived from the original on 2018-11-28. Retrieved 2019-01-23.
  12. ^ "Business Banking". bankaudi.com.lb. Retrieved 2019-01-23.
  13. ^ "Private Banking". bankaudi.com.lb. Retrieved 2019-01-23.
  14. ^ "Bank Audi Shareholders". bankaudigroup.com. Retrieved 2019-01-25.
  15. ^ "Download File". bankaudigroup.com. Retrieved 2019-02-06.
  16. ^ "Bank Audi Launches "Novo", the Ultimate New Banking Experience & Events, ABL - Association of banks in lebanon". abl.org.lb. Archived from the original on 2019-02-02. Retrieved 2019-02-01.
  17. ^ "Interactive Teller". NCR. Retrieved 2019-02-01.
  18. ^ NCR Corporation, NCR Interactive Teller – Bank Audi Case Study, archived from the original on 2021-12-20, retrieved 2019-02-01
  19. ^ "Bank Audi Launches "Tap2Pay"; the First NFC Mobile Payment Service in Lebanon and the Region". MasterCard Social Newsroom. Archived from the original on 2019-04-19. Retrieved 2019-01-23.
  20. ^ "Fête de la Musique 2018 à la Fondation Audi/Musée du Savon". audifoundation.org.lb/. Retrieved 2019-01-25.
  21. ^ "World Cup Matches at Audi Foundation/Soap Museum". audifoundation.org.lb/. Retrieved 2019-01-25.
  22. ^ "Bank Audi's CSR Report 2017-Committed – Press Releases on CSRwire.com". csrwire.com. Retrieved 2019-01-23.
  23. ^ "It is definitely More Than Money with Bank Audi | Injaz Lebanon". injaz-lebanon.org. Retrieved 2019-01-23.
  24. ^ "Seedstars World". Seedstars World. Retrieved 2019-01-23.

Read other articles:

Istana Pillnitz

Wasserpalais Istana Pillnitz (Schloss Pillnitz) merupakan sebuah istana bergaya barok yang dipugar di ujung timur kota Dresden di negara bagian Sachsen, Jerman. Istana ini terletak di tepi sungai Elbe di bekas desa Pillnitz. Istana Pillnitz adalah kediaman musim panas dari banyak elektor dan raja di Sachsen, yang juga dikenal karena Deklarasi Pillnitz pada tahun 1791. Tiga bangunan membentuk badan utama istana: istana Air (Wasserpalais) yang dibangun di sepanjang sungai Elbe, istana Gunung (B...

 

Seiche

Gelombang berdiri (hitam) yang digambarkan sebagai penjumlahan dua gelombang yang merambat dengan arah yang saling berlawanan (biru dan merah). Seiche (/ˈseɪʃ/ SAYSH) adalah gelombang berdiri dalam sebuah perairan yang tertutup, baik terutup sepenuhnya maupun sebagian. Fenomena akibat seiche dapat terjadi di danau, waduk, kolam renang, teluk, pelabuhan, dan laut. Syarat utama terbentuknya seiche adalah adanya perairan yang setidaknya tertutup sebagian sehingga dapat menjadi tempat terbentu...

 

Farida Susanty

Farida Susanty (lahir 30 Juni 1990) adalah seniman berkebangsaan Indonesia. Namanya dikenal melalui sejumlah karya sastra berupa fiksi dan puisi yang dipublikasikan di berbagai media massa. Farida Susanty merupakan salah satu penerima Penghargaan Kusala Sastra Khatulistiwa melalui karyanya, Dan Hujan Pun Berhenti, untuk kategori Penulis Muda Berbakat, tahun 2007, bersama dengan Gus tf Sakai melalui karyanya, Perantau (prosa) dan Acep Zamzam Noor melalui karyanya, Menjadi Penyair Lagi (puisi)....

American Airlines Flight 723

1953 aviation accident American Airlines Flight 723An American Airlines Convair 240 similar to the accident aircraftAccidentDateSeptember 16, 1953SummaryControlled flight into terrain, pilot errorSiteColonie, New York, on approach to Albany Airport 42°44′03″N 73°51′42″W / 42.7341°N 73.8616°W / 42.7341; -73.8616AircraftAircraft typeConvair CV-240-0Aircraft nameFlagship BristolOperatorAmerican AirlinesRegistrationN94255Flight originBoston Airport1st...

 

Putrescine

Foul-smelling organic chemical compound Putrescine Skeletal formula Ball-and-stick model[1][2] Names Preferred IUPAC name Butane-1,4-diamine Other names 1,4-Diaminobutane, 1,4-Butanediamine Identifiers CAS Number 110-60-1 Y 3D model (JSmol) Interactive image 3DMet B00037 Beilstein Reference 605282 ChEBI CHEBI:17148 N ChEMBL ChEMBL46257 Y ChemSpider 13837702 Y DrugBank DB01917 N ECHA InfoCard 100.003.440 EC Number 203-782-3 Gmelin Reference 1715 IUPHAR/...

 

Old Oak Common

Cet article est une ébauche concernant Londres. Vous pouvez partager vos connaissances en l’améliorant (comment ?) selon les recommandations des projets correspondants. Old Oak Common Administration Pays Royaume-Uni Nation constitutiveRégionComtéComté cérémonial AngleterreGrand LondresGrand LondresGrand Londres Comté traditionnel Middlesex Borough Hammersmith et Fulham Parlement du Royaume-Uni Hammersmith et Fulham Assemblée de Londres Londres Central Ouest Parlement europée...

Battle of Pákozd

Battle during Hungarian Revolution of 1848 Battle of PákozdPart of the Hungarian Revolution of 1848Battle of Pákozd by Hermann Géza and Róbert ZávodszkyDate29 September 1848[1]LocationPákozd – Sukoró – Pátka triangle in Fejér County, Kingdom of Hungary47°13′16″N 18°32′42″E / 47.22112°N 18.54493°E / 47.22112; 18.54493Result Hungarian victory[1][2][3]Belligerents Austrian Empire Kingdom of Croatia  Hungarian R...

 

Антитринитаризм

ХристианствоБиблия Ветхий Завет Новый Завет Евангелие Десять заповедей Нагорная проповедь Апокрифы Бог, Троица Бог Отец Иисус Христос Святой Дух История христианства Апостолы Хронология христианства Раннее христианство Гностическое христианство Вселенские соборы Н...

 

Simon Coveney

Irish politician (born 1972) Simon CoveneyTDCoveney in 2022Minister for Enterprise, Trade and EmploymentIn office17 December 2022 – 9 April 2024TaoiseachLeo VaradkarPreceded byLeo VaradkarSucceeded byPeter BurkeMinister for DefenceIn office27 June 2020 – 17 December 2022TaoiseachMicheál MartinPreceded byLeo VaradkarSucceeded byMicheál MartinIn office11 July 2014 – 6 May 2016TaoiseachEnda KennyPreceded byEnda KennySucceeded byEnda KennyTánaisteIn office30 No...

1900年美國總統選舉

1900年美國總統選舉 ← 1896 1900年11月6日 1904 → 447張選舉人票獲勝需224張選舉人票投票率73.2%[1] ▼ 6.1 %   获提名人 威廉·麥金利 威廉·詹寧斯·布賴恩 政党 共和黨 民主党 家鄉州 俄亥俄州 內布拉斯加州 竞选搭档 西奧多·羅斯福 阿德萊·史蒂文森一世 选举人票 292 155 胜出州/省 28 17 民選得票 7,228,864 6,370,932 得票率 51.6% 45.5% 總統選舉結果地圖，紅色代表�...

 

1.Fußball-Club Schweinfurt 05 1990-1991

Voce principale: 1.Fußball-Club Schweinfurt 05. 1.Fußball-Club Schweinfurt 05Stagione 1990-1991Sport calcio Squadra Schweinfurt 05 Allenatore Elmar Wienecke (1ª-3ª) Niko Semlitsch (4ª-21ª) Georg Baier (22ª) Niko Semlitsch (23ª-31ª) Georg Baier (32ª-38ª) 2. Bundesliga20º posto Maggiori presenzeCampionato: Müller (37)Totale: Müller (37) Miglior marcatoreCampionato: Reuß (6)Totale: Reuß (6) StadioSachs-Stadion Maggior numero di spettatori12 000 vs. Schalke Minor numero...

 

Ann Doran

Ann Doran nel film Lo strano amore di Marta Ivers (1946) Ann Doran (Amarillo, 28 luglio 1911 – Carmichael, 19 settembre 2000) è stata un'attrice statunitense. Indice 1 Biografia 2 Filmografia parziale 2.1 Cinema 2.2 Televisione 3 Doppiatrici italiane 4 Altri progetti 5 Collegamenti esterni Biografia Ann Lee Doran debuttò nel cinema muto all'età di quattro anni. Durante la sua carriera prese parte a oltre 500 film (compresi i cortometraggi), spesso peraltro risultando come non accreditata...

The Isolator (helmet)

Distraction-reducing helmet The Isolator helmet The Isolator was a helmet created by Hugo Gernsback in 1925 to reduce distractions.[1][2] The Isolator was first introduced in the July 1925 edition of the American Physical Society magazine, with which Gernsback was affiliated.[1][3] The helmet was first created using wood and felt.[4] The mouth of the helmet had a baffle for breathing and had three pieces of glass so that users could see outside.[5&#...

 

Транспорт Коста-Рики

Транспорт Коста-Рики Транспортна система Коста-Рики (англ.)ТериторіяПлоща 51,1 тис. км² (130-те)Рельєф гористийНайвища точка гора Сьєрра-Чирріпо (381 м)ПовітрянийАеропортів 161 (35-те)НаземнийАвтошляхів 39,0 тис. км (90-те)Залізниць 278 км (124-те)ВоднийУзбережжя 1290 кмВодних шляхів 730 км...

 

Ibn Khaldun

Arab historiographer and historian (1332–1406) For the horse, see Ibn Khaldun (horse). Ibn KhaldunBust of Ibn Khaldun in the entrance of the Kasbah of Bejaia, AlgeriaPersonalBorn27 May 1332Tunis, Hafsid SultanateDied17 March 1406 (1406-03-18) (aged 73)Cairo, Mamluk SultanateReligionIslamDenominationSunni[1]JurisprudenceMaliki[2]CreedAsh'ari[3][4]Main interest(s)Historiographysociologyeconomicsdemographypolitical scienceNotable idea(s) Asabiyyah Conq...

Manzanar

World War II Japanese-American internment camp in California This article is about the World War II internment camp. For the former community in Owens Valley, California, see Manzanar, California. For other uses, see Manzanar (disambiguation). United States historic placeManzanar War Relocation CenterU.S. National Register of Historic PlacesU.S. National Historic LandmarkU.S. National Historic SiteCalifornia Historical Landmark No. 850Los Angeles Historic-Cultural Monument No.&...

 

Fiat Fiorino

Fiat Fiorino Общие данные Производитель Fiat Годы производства 1977 — настоящее время Класс LCV Дизайн и конструкция Тип кузова фургон/пикап Компоновка переднемоторная, переднеприводная Колёсная формула 4 × 2 На рынке Сегмент M-сегмент Fiat 500 (фургон)Fiat Doblò Медиафайлы на �...

 

巴勒斯坦奧林匹克委員會

巴勒斯坦奧林匹克委員會巴勒斯坦奧林匹克委員會會徽成立時間1986年總部巴勒斯坦拉姆安拉主席Gen Jibril M. M. ALRJOUB網站https://poc.ps/奥林匹克委员会信息國家或地區 巴勒斯坦IOC編碼PLE加入IOC1995年区域组织亞洲奧林匹克理事會 巴勒斯坦奧林匹克協會（英語：Palestine Olympic Committee；阿拉伯语：اللجنة الأولمبية الفلسطينية‎）是巴勒斯坦國的國家奧林匹克委員會...

ETH Zurich

Swiss Federal Institute of Technology in Zürich ETH redirects here. For other uses, see Eth (disambiguation). ETH Zurich – Federal Institute of Technology ZurichEidgenössische Technische Hochschule ZürichETH Zurich at twilightOther names(Swiss) Federal Institute of Technology in Zurich, German: Polytechnikum (colloquially)Former nameEidgenössische polytechnische Schule[1]TypePublicEstablished1855; 169 years ago (1855)BudgetCHF 1.896 billion (2021)PresidentJoël...

 

Plymouth, Vermont

Plymouth adalah sebuah kota di Windsor County, Vermont, Amerika Serikat. Penduduknya mencapai 555 dalam sensus tahun 2000. Calvin Coolidge, Presiden Amerika Serikat yang ke-30 lahir dan dimakamkan di kota ini. State of Vermont, Division for Historic Preservation memelihara Coolidge Homestead dan desa Plymouth Notch. Demografi Menurut sensus 2000, ada 555 jiwa, 251 rumah tangga, dan 168 keluarga yang tinggal di kota ini. Ada 251 rumah tanggal di mana 23,5% memiliki anak di bawah usia 18 yang t...