{{Short description|Lebanon based bank}} {{Multiple issues| {{more citations needed|date=May 2024}} {{Advert|date=May 2024}} {{globalize|date=May 2024}} }} {{Infobox company | name = Bank Audi S.A.L. | logo = Bank Audi logo.svg | image = Bank Audi Sin El Fil Branch on March 25, 2021.jpg | image_caption = Branch at Sin el Fil, Beirut | type = Société anonyme libanaise | traded_as = Beirut Stock Exchange: [http://www.bse.com.lb/Market/HistoricalData/HistoricalData/tabid/90/FromTicker/FR0000010415/Default.aspx AUDI]<br />{{lse|BQAD|fourway=US0605721127USUSDIOBE}} | founded = Beirut, Lebanon ({{start date|1830}}) | hq_location_city = Beirut | hq_location_country = Lebanon | area_served = {{ublist |Lebanon |Europe |(Switzerland, France) | MENA |(KSA, Qatar, UAE)}} | industry = Financial services | key_people = Raymond Audi<br />{{small|(co-founder)}}<br />Samir Hanna<br />{{small|(Chairman of the Board of Directors)}} | products = Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, treasury and capital markets | revenue = | operating_income = | net_income = | assets = | num_employees = 1,650+ (March 2025)<ref>{{cite web| url=https://www.bankaudigroup.com/group/corporate-profile| title=Corporate Profile| publisher=Bank Audi| accessdate=11 May 2021}}</ref> | parent = | website = {{URL|www.bankaudigroup.com}}<br> {{URL|www.bankaudi.com.lb}} | footnotes = }} '''Bank Audi''' ({{Langx|ar|بنك عودة}}, previously Bank Audi-Saradar) is a Lebanon-based universal bank and financial services company headquartered in Beirut. ==History== Bank Audi was founded in 1830, but was only incorporated as a bank in 1962.<ref>{{Cite web|url=http://cr.justice.gov.lb/search/result.aspx?id=1000065472|title=Commercial Register of the Lebanese Ministry of Justice|access-date=2019-01-23|archive-date=2019-01-24|archive-url=https://web.archive.org/web/20190124041325/http://cr.justice.gov.lb/search/result.aspx?id=1000065472|url-status=dead}}</ref><ref>{{Cite web|url=http://www.bdl.gov.lb/downloads/download/82/en|title=Banque Du Liban Registered Banks in Lebanon|access-date=2019-01-23|archive-date=2019-09-14|archive-url=https://web.archive.org/web/20190914024444/http://www.bdl.gov.lb/downloads/download/82/en|url-status=dead}}</ref>
Members of the Audi family, as well as Kuwaiti investors, were the first shareholders. Since 1983, the shareholder base has expanded. In 2004, Bank Audi signed a merger agreement with Banque Saradar.<ref>{{Cite web|url=http://www.saradar.com/english/Our-Story|title=Our Story - Saradar Group|website=saradar.com|access-date=2019-01-23|archive-date=2020-08-15|archive-url=https://web.archive.org/web/20200815125250/http://www.saradar.com/english/Our-Story|url-status=dead}}</ref>
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.<ref>{{Cite web|url=https://www.globalcustody.net/news/Lebanons_Audi_names_BNY_Mellon_successor_depositary_bank_13139/|title=fundservices Website|website=fundservices.net|date=2019-03-22|access-date=2019-03-22|archive-date=2021-02-27|archive-url=https://web.archive.org/web/20210227135705/https://www.globalcustody.net/news/Lebanons_Audi_names_BNY_Mellon_successor_depositary_bank_13139/|url-status=dead}}</ref><ref>{{Cite web|url=https://www.bankaudigroup.com/ContentFiles/25815File.pdf|title=Bank Audi Announcements|website=bankaudigroup.com|date=2019-02-20|access-date=2019-02-20}}{{Dead link|date=May 2021 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
In January 2021, First Abu Dhabi Bank signed a final agreement to acquire 100% of the Egyptian subsidiary of Bank Audi.<ref>{{Cite web |last=Mounir |first=Hossam |date=2022-06-11 |title=Legal merger between FAB and Audi – Egypt concludes |url=https://www.dailynewsegypt.com/2022/06/12/legal-merger-between-fab-and-audi-egypt-concludes/ |website=Daily News Egypt}}</ref>
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.<ref>{{cite news |last1=Jones |first1=Sam |last2=Jalabi |first2=Raya |title=Swiss find Lebanon's biggest bank guilty of serious money laundering breaches |url=https://www.ft.com/content/35b754e0-06df-4d63-b77c-72b92a188d68 |access-date=8 August 2024 |agency=Financial Times}}</ref>
== See also == {{Portal|Banks}}
*List of Banks in Lebanon *Banque du Liban *Economy of Lebanon
==References== {{Reflist}}
{{DEFAULTSORT:Bank Audi}} Category:1830 establishments in the Ottoman Empire Category:Banks established in 1830 Category:Banks of Lebanon Category:Companies based in Beirut Category:Lebanese brands Category:Companies listed on the Beirut Stock Exchange