CSR REPORT
2016

Engraining
Impact

Introduction

Founded in Lebanon in 1830, Bank Audi sal has sustained its solid growth, building a strong legacy of excellence in banking. Headquartered in Lebanon, the Bank is currently present in 10 other countries located across Europe and the MENAT region; namely Switzerland, France, Jordan, Egypt, the Kingdom of Saudi Arabia (KSA), Qatar, Monaco, Turkey, Iraq and the United Arab Emirates (UAE).

Bank Audi is a joint-stock company (“société anonyme libanaise”) with a diversified shareholder base that encompasses founding shareholders, large regional investors, supra-national entities, international institutional investors, a large number of private investors, as well as executives and employees. The Bank offers a full range of products and services in Commercial and Corporate Banking, Retail and Personal Banking, Private Banking and Investment Banking within a wide range of industries including manufacturing, trading, contracting, real estate development, food and beverage, education, media services, health and social services, and retailing among others.

Bank Audi, a leader among Lebanese banking groups, has further reinforced its position among the top 20 Arab banks. Main development pillars for the Group are Lebanon, Egypt, Turkey and the Private Banking business line which, together, represent more than 90% of assets and earnings. Our performance stems from a comprehensive range of financial services and a diversified market presence which represent the backbone of our sustained growth in spite of an overall challenging operating environment.

The Bank’s recent results faithfully reflect how sustainable strategies translate into long-term financial value. In 2016, Management succeeded in sustaining a high resilience of the Group in its capacity to withstand adverse developments in its markets of presence, while reporting favourable growth in activity and net profits in parallel to the reinforcement of the Bank’s fundamentals and of its financial flexibility.
Concomitantly, our Executive Management remains determined to further enhance environmental and social goals, and sustain the financial and business achievements that contribute to socioeconomic growth and financial stability. In the future, we will continue to aspire towards remaining leaders in sustainability, and to balance the healthy financial growth and returns to shareholders with equal commitment, drive and added value to stakeholders, and to society at large.

Insignificant changes are reported in the share capital structure from 31.12.2015 to 31.12.2016, as detailed in the Bank’s 2016 Annual Report.

As precautionary measures and as part of the Bank’s lending activities, every credit transaction above a certain amount is subject to a risk opinion, which is issued by functions that are independent from the credit originating functions. This helps ensure that the credit transactions and resulting profile are in compliant with the Bank’s credit policy and risk appetite. In line with the credit policy, the Bank refrains from financing activities that are unethical, illegal, presenting potential risks to the environment or that do not adhere to the Bank’s corporate social responsibility principles. In addition, the Risk function, which is independent from business lines, provides risk opinions and sign-offs on new projects and major changes pertaining to products, processes, activities and technology before implementation in order to assess their risk levels as well as the adequacy of related controls and recommends additional ones, if and when deemed necessary.

Corporate Governance

engraining responsible practices

Environmental Protection

economic development

promoting innovative approaches

Environmental Protection

Community Development

SHARING VALUE

Environmental Protection

Human Development

impactful education

Environmental Protection

Environmental Protection

together for nature

Environmental Protection