Corporate & Commercial Banking
The Bank has a strong commercial and corporate banking franchise with a diversified loan portfolio covering corporate clients in Lebanon, Turkey, the MENA region, Africa and Europe. Credit facilities are booked/managed at the levels of its headquarters in Lebanon and its subsidiaries in Turkey, Egypt, Jordan, Saudi Arabia, Qatar, France, Switzerland and Iraq. The Bank offers a wide range of traditional banking products and services to SMEs, as well as to larger corporate clients. These products and services generate both interest and fee-based income, with a focus on granting working capital and other loan products, providing services in areas such as collection, trade finance, performance bonds, guarantees, letters of credit and cash management, advising on international trade, providing correspondent banking and financial consulting services and preparing feasibility studies across a broad spectrum of industry sectors. As at December 2016, the Bank had a consolidated corporate loan portfolio of LBP 19,678 billion (US$ 13,053 billion), and the largest corporate loan portfolio among Lebanese banks.
The Bank offers a full range of retail products and services, including conventional checking and savings accounts, fixed-term deposits, loans and residential mortgages, credit cards, bancassurance products and internet banking, as well as a host of innovative retail products and services developed in association with leading partners.
As at December 31, 2016, the Bank offered more than 150 retail products and services to more than 1.3 million retail clients inside and outside of Lebanon. Retail banking activity is supported by the Group’s more than 450 advanced ATMs and more than 180 branches.
The Bank’s dynamic customer-focus approach, which aims at enhancing the customer penetration rate with existing products in addition to enlarging the core product offering with the launch of new products, translated into the Bank’s cross-selling activities to a total of 4.4 products per customer as at September 2016.
Consolidated loans in the retail banking segment, when consolidated in US$, have sustained the same level of previous year as at December 31, 2016. If we exclude the impact of currency devaluation, consolidated retail portfolio would register a year-on-year growth of 14.6%.
Private Banking Bank Audi Private Bank
is the wealth management arm of Audi Group. It operates through three main booking centers based in Switzerland, Lebanon and Saudi Arabia, with offices in Monaco, Qatar, Jordan and the United Arab Emirates. Deep-rooted in the Middle East and North Africa (MENA) region, Bank Audi Private Bank’s leading position sets its apart from its peers and is of significant value for clients seeking investment knowledge and expertise in the region.
The Private Bank has a committed and long-standing history of serving its ever-growing client base since 1976, the year Banque Audi (Suisse) sa was established in Switzerland.
The Bank adopted the Group’s corporate governance and values which have been and will remain a cornerstone of its expansion and modernization. It recognizes the importance of sound Corporate Governance for business success and has therefore established a set of guidelines to increase its long-term value. Bank Audi Private Bank
offers a full and diversified range of services to high net worth clients, with full access to major markets worldwide and global investment products, including discretionary portfolio management, investment advisory, trade execution in all asset classes, Lombard credit, and other private banking services such as estate planning, fiduciary deposits, safe custody and credit cards.
As at September 30th
, 2016, on a consolidated basis, the Bank had assets under management, custody accounts and fiduciary deposits of LL 16,742 billion (USD 11,106 million).
Investment Banking & Capital Markets
The Bank offers capital markets and investment banking products and services, including securities trading activities. The Bank is leveraging its regional presence to further develop its securities services and brokerage platform, consolidating the business towards increased intra-group synergies.
Since 1996, the Bank has developed a substantial capital markets franchise. In Lebanon, the Bank is a market maker on the Beirut Stock Exchange and, as at December 31, 2015, had a 17.75% market share of Beirut Stock Exchange equities trading volumes by value. The Bank also has a significant share of the Government Eurobond and treasury notes markets, with an annual trading volume exceeding U.S.$11.5 billion in 2015. The Bank is also active in the equities markets, with a particular focus on Saudi Arabia and Egypt, as well as in fixed income markets. In Lebanon and the MENA region, the Bank’s activities are supported by the Bank’s sovereign, fixed income and corporate research coverage businesses.
Through the Bank’s institutional fixed income desk, which was established in 2012, the Bank continues to develop and maintain new and existing coverage of Lebanese securities for international non-bank financial institutions in order to cater to international appetite for higher yielding instruments.
In December 2016, on a consolidated basis, the Bank’s investment banking and capital markets activities generated total income of LL 1,723 billion (U.S.$ 1 143 million) as compared to LL 620 billion (U.S.$412 million) in December 2015.
As a result of the Bank’s restructuring and expansion program, which has been on-going since 2005, the Bank has significantly reinforced its presence in Lebanon, throughout the MENA region and in Turkey, as well as diversified the range of its products and services to cover all the activities traditionally carried out by a universal bank. In particular, the Bank believes that it benefits from:
- a strong franchise in commercial banking activities, with a diversified loan portfolio, including borrowers comprising leading enterprises in Lebanon, as well as a number of leading corporates from the MENA region and Turkey;
- a strong franchise in retail banking, with a full range of retail products and services offered in the countries in which the Bank has retail banking operations;
- a leading position in private banking, servicing the needs of high net-worth individuals through its subsidiaries in Switzerland, Monaco, Lebanon, Qatar and Saudi Arabia and its representative office in the United Arab Emirates;
- a leading position in domestic and regional capital markets activities;