Press Releases

  • Beirut, 19 Jun 2012

    Bank Audi Consolidated Activity Highlights as at End-June 2012

    Net earnings reached US$ 230.1 million in the first half of 2012 against US$ 180.2 million in the same period of 2011, thus increasing by 27.7% and including US$ 44.5 million stemming from the sale of an 81% stake in LIA insurance sal. When excluding the profit from the aforementioned sale operation, net operating earnings would rise from US$ 175.8 million in the first half of 2011 to US$ 185.6 million in this year's similar period, i.e. a 5.6% growth, after the allocation of US$ 67.9 million in net provisions.
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  • Beirut, 12 Apr 2012

    Bank Audi Consolidated Activity Highlights as at end-March 2012

    Net earnings reached US$ 94.5 million in the first quarter of 2012, growing by 4.5% from US$ 90.4 million in the first quarter of 2011, after deducting provisions of US$ 31.2 million mostly in the form of collective provisions, against similar provisions of US$ 15.3 million in the first quarter of 2011. Pre-provision earnings thus rose by 18.8% over the period, from US$ 106 million in the first quarter of 2011 to US$ 126 million in the first quarter of 2012.
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  • Beirut, 23 Feb 2012

    Bank Audi Names New CEO in Switzerland

    Bank Audi sal - Audi Saradar Group announced today the appointment of Mr. Philippe Sednaoui as the Chief Executive Officer of its fully-owned private banking subsidiary in Switzerland, Banque Audi (Suisse) sa. Based in Geneva, Philippe Sednaoui will also head up the restructuring effort of the Group's Private Banking and Wealth Management business line.
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  • Beirut, 19 Jan 2012

    Bank Audi Consolidate Activity Highlights as at End-December 2011

    Bank Audi sal - Audi Saradar Group achieved a good performance in 2011, with consolidated unaudited net earnings of US$ 365 million, rising by 3.7% relative to 2010, despite the allocation of the profits of the Syrian and Egyptian entities (US$ 42 million) to collective provisions on consolidated level, abiding by strict precautionary management policies.
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Consolidated Activity Highlights

As at End-June2019
• US$ 47.5Bn of assets
• US$ 31.8Bn of customers’ deposits
• US$ 3.8Bn of shareholders’ equity
• US$ 250Mio of net profits
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Audi Research

Our research activities now cover the Group's various countries of presence within the Middle East and North Africa region.

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