|
Bank Audi |
Read about Bank Audi
Founded in 1830, the Bank was incorporated in its present form in 1962 as a private joint stock company with limited liability (société anonyme libanaise) with a duration of 99 years. The Bank is registered on the Beirut Commercial Registry under number 11347 and on the Lebanese List of Banks under number 56. In January 2014, the name of the Bank was changed from Bank Audi S.A.L. – Audi Saradar Group to Bank Audi S.A.L.
The initial shareholders of the Bank were members of the Audi family, together with certain Kuwaiti investors. Since 1983, the shareholder base has expanded and currently is comprised of more than 1,500 holders of Common Shares and Global Depositary Receipts (representing Common Shares). The Global Depositary Receipts evidencing the Common Shares are listed on both the Beirut Stock Exchange and the London Stock Exchange and the Bank’s Common Shares are listed on the Beirut Stock Exchange.
The Bank is a universal bank with a presence in 12 countries. It operates principally in Lebanon, the MENA region and, since November 1, 2012, Turkey, offering a full range of products and services that principally cover commercial and corporate banking, retail and individual banking and private banking, as well as ancillary activities such as investment banking and on-line brokerage. As at and for the nine months ended March 31, 2015, the Bank ranked first among Lebanese banks in terms of total assets (LL 62,497 billion), shareholders’ equity (LL 5,092 billion), customers’ deposits (LL 52,844 billion), loans and advances (LL 24,784 billion) and net profits (LL 151 billion in the first quarter of 2015) . In addition to its historic presence in Lebanon, Switzerland and France, the Group currently operates in Jordan, Egypt, Syria, Saudi Arabia, Qatar, Sudan, Abu Dhabi (through a representative office), Monaco and Turkey.
The initial shareholders of the Bank were members of the Audi family, together with certain Kuwaiti investors. Since 1983, the shareholder base has expanded and currently is comprised of more than 1,500 holders of Common Shares and Global Depositary Receipts (representing Common Shares). The Global Depositary Receipts evidencing the Common Shares are listed on both the Beirut Stock Exchange and the London Stock Exchange and the Bank’s Common Shares are listed on the Beirut Stock Exchange.
The Bank is a universal bank with a presence in 12 countries. It operates principally in Lebanon, the MENA region and, since November 1, 2012, Turkey, offering a full range of products and services that principally cover commercial and corporate banking, retail and individual banking and private banking, as well as ancillary activities such as investment banking and on-line brokerage. As at and for the nine months ended March 31, 2015, the Bank ranked first among Lebanese banks in terms of total assets (LL 62,497 billion), shareholders’ equity (LL 5,092 billion), customers’ deposits (LL 52,844 billion), loans and advances (LL 24,784 billion) and net profits (LL 151 billion in the first quarter of 2015) . In addition to its historic presence in Lebanon, Switzerland and France, the Group currently operates in Jordan, Egypt, Syria, Saudi Arabia, Qatar, Sudan, Abu Dhabi (through a representative office), Monaco and Turkey.
