Bank Audi

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
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
Number of employees
1,650+ (March 2025)[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, Europe and the MENA region.[2][3]

History

[edit | edit source]

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

[edit | edit source]

Board of directors

[edit | edit source]
  • Mr. Samir N. Hanna, Chairman of the Board of Directors[10]
  • Dr. Khalil M. Bitar
  • Mrs. Sherine R. Audi
  • Mr. Mutlaq Hamad Al-Morished
  • Janaudi Holding sal represented by Marc J. Audi
  • FRH Investment Holding salU Chain - Directors Ltd. represented by Maher G. Merehbi
  • Mr. Khalil I. El Debs (General Manager And Chief Executive Officer)
  • Mr. Farid F. Lahoud, (Chief Compliance And Governance Officer)

Banking services

[edit | edit source]

Retail and personal banking

[edit | edit source]

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

Commercial and corporate banking

[edit | edit source]

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

[edit | edit source]

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

[edit | edit source]

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

[edit | edit source]

Bank Audi sal subsidiaries include 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

[edit | edit source]

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

[edit | edit source]

Audi foundation

[edit | edit source]

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

[edit | edit source]

Bank Audi created a comprehensive corporate art collection, located in three of the bank's buildings.[22]

Corporate social responsibility

[edit | edit source]

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,[23]

Sponsorship

[edit | edit source]

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.[24]

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.[25]

See also

[edit | edit source]

Lua error in mw.title.lua at line 392: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').

References

[edit | edit source]
  1. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  2. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  3. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  4. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  5. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  6. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  7. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  8. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).[permanent dead link]
  9. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  10. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  11. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  12. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  13. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  14. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  15. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  16. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  17. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  18. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  19. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  20. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  21. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  22. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  23. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  24. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  25. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
Retrieved from "http://70.231.62.181/index.php?title=Bank_Audi&oldid=3613983"