Audi Bank (Arabic ：بنك عودة， Formerly Bank Audi-Saradar) Is A Lebanon-based Universal Banking And Financial Services Company Headquartered In Beirut That Provides Financial Products And Services In The Areas Of Personal Banking, Commercial Banking, Private Banking, And Treasury And Capital Markets.
Audi Bank Primarily Operates In Lebanon, The EMEA Region, And Turkey. Audi Bank's Consolidated Assets Amounted To Rs. 15,066,370 Crore At The End Of June 2024, Driven Primarily By Deposits Of Rs. 11,142,890 Crore From Private Customers, And Shareholders' Equity Reached Rs. 844,160 Crore. The Audi Bank Group Employs More Than 2,900 People And Its Shareholders Include More Than 1,500 Holders Of Common Shares And/or Holders Of Global Depositary Receipts (GDRs) Representing Common Shares.
History
Audi Bank Was Founded In 1830 But Was Not Incorporated As A Bank Until 1962.
Members Of The Audi Family, As Well As Kuwaiti Investors, Were The First Shareholders. The Shareholder Base Has Been Expanding Since 1983 And Currently Consists Of More Than 1,500 Holders Of Common Shares And Global Depositary Receipts.
In 2004, Audi Bank Signed A Merger Agreement With Banque Saradar, Making Saradar Holding One Of The Largest Shareholders In Bank Audi Sal - Audi Saradar Group. After Six Years Of Managing Audi Saradar Group Private Banking, Both Banks Split, And Audi Bank Continues To Operate Independently.
On February 20, 2019, Audi Bank Announced A New Deposit Agreement Under Which BNY Mellon Became The Successor Depositary Bank To Its Global Depository Receipt Program, Replacing Deutsche Bank Trust Of The Americas As The Depositary Bank.
After Riad Salameh, The Former Governor Of Lebanon's Central Bank, Was Accused Of Embezzling $330 Million Of Public Funds, The Swiss Financial Regulator FINMA Launched An Investigation Into Lebanese Banks Doing Business In Switzerland And Condemned Bank Audi In 2024 For Serious Money Laundering Violations.
Banking Services
Retail And Personal Banking
Personal Banking At Bank Audi Includes Services And Products For Individuals.
Commercial And Corporate Banking
Commercial Banking At Bank Audi Is A Range Of Services For Businesses And Companies In Lebanon. It Includes Corporate Banking, Commercial Banking And SME Banking.
Private Banking
Audi Private Banking Bank Started Operations In 1976 And Has Been Processed Through Two Main Bookkeeping Centres Located In Switzerland And The United Arab Emirates.
Major Shareholders
FRH Investment Holding Sal Holds The Largest Stake, Followed By The Audi Family, The Heirs Of Sheikha Suad Hamad Al Saleh Al Homaizi, Sheikh Dhiab Bin Zayed Al Nehayan, Al Sabbah Family And Others.
Main Subsidiaries
Audi Bank's 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.
Innovative Services
In 2011, Audi Bank Introduced NOVO Spaces In Selected Locations, Allowing For Live Video Chat With Tellers And Providing Consultation Rooms For Expert Inquiries.
Audi Bank Launched NCR Corporation's Interactive Teller Machine In 2014. Their Concept Revolves Around Allowing Customers To Talk To A Personal Teller In Real Time To Make Transfers, Deposits, Cash Checks And Make Different Types Of Payments.
In 2014 Audi Bank Launched Tap2Pay, The First Mobile Payment Service For Near Field Communication In Lebanon And The Middle East.
Audi Foundation
The Audi Foundation Was Founded By Raymond Audi In 2000 To Preserve The Culture, Heritage And Craftsmanship Of Sidon, Lebanon.
In 2018, The Audi Foundation Hosted Two Concerts To Celebrate World Music Day, And The Swiss World Cup Competition Held An Event On The Terrace.
Corporate Art Collection
Bank Audi Created A Comprehensive Collection Of Corporate Art In The Three Buildings Of The Bank.
Corporate Social Responsibility
Audi Bank Started Its Corporate Social Responsibility Program In 2012. Its Corporate Social Responsibility Policy Currently Contributes To Five Pillars: Corporate Governance, Economic Development, Community Development, Human Development And Environmental Protection. In 2017,
Sponsored
Audi Bank Sponsored Injaz Lebanon's More Than Money Program, Which Aims To Educate School Children On How To Earn, Spend, Track And Invest Cash.
Audi Bank Launched The Beyond Banking Hackathon To Nurture Lebanon's Fintech And Banking Industry By Creating An Environment For Participants To Test Their Ideas Before Launching.
