# Bank Audi

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> Source: https://en.wikipedia.org/wiki/Bank_Audi
> Source revision: 1352999556
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{{Short description|Lebanon based bank}}
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{{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](/source/Sin_el_Fil), Beirut
| type = [Société anonyme libanaise](/source/Soci%C3%A9t%C3%A9_anonyme_libanaise)
| traded_as = [Beirut Stock Exchange](/source/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](/source/Beirut%2C_Lebanon) ({{start date|1830}})
| hq_location_city = [Beirut](/source/Beirut)
| hq_location_country = [Lebanon](/source/Lebanon)
| area_served = {{ublist |[Lebanon](/source/Lebanon) |[Europe](/source/Europe) |([Switzerland](/source/Switzerland), [France](/source/France)) | [MENA](/source/MENA) |([KSA](/source/KSA), [Qatar](/source/Qatar), [UAE](/source/UAE))}}
| industry = [Financial services](/source/Financial_services)
| key_people = [Raymond Audi](/source/Raymond_Audi)<br />{{small|(co-founder)}}<br />[Samir Hanna](/source/Samir_Hanna)<br />{{small|(Chairman of the Board of Directors)}}
| products = [Consumer banking](/source/Consumer_banking), [corporate banking](/source/corporate_banking), [insurance](/source/insurance), [investment banking](/source/investment_banking), [mortgage loans](/source/mortgage_loans), [private banking](/source/private_banking), [private equity](/source/private_equity), [wealth management](/source/wealth_management), [credit cards](/source/credit_cards), [treasury](/source/treasury) and [capital markets](/source/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](/source/Saradar_Bank)) is a [Lebanon](/source/Lebanon)-based [universal bank](/source/universal_bank) and [financial services](/source/financial_services) company headquartered in [Beirut](/source/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](/source/Saradar_Bank).<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](/source/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](/source/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](/source/Daily_News_Egypt)}}</ref>

After former [Central Bank of Lebanon](/source/Central_Bank_of_Lebanon) governor [Riad Salameh](/source/Riad_Salameh) was charged with embezzling $330 million in public funds, the Swiss financial regulator [FINMA](/source/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](/source/List_of_Banks_in_Lebanon)
*[Banque du Liban](/source/Banque_du_Liban)
*[Economy of Lebanon](/source/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

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Adapted from the Wikipedia article [Bank Audi](https://en.wikipedia.org/wiki/Bank_Audi) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Bank_Audi?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.