Bank Audi at a Glance

Bank Audi is a regional group with a universal banking profile. The Bank offers universal financial products and services including Corporate, Commercial, Individual and Retail, and Private Banking services, in addition to Investment Banking and On-line Brokerage services. As at end-June 2019, Bank Audi’s consolidated assets reached USD 47.5 billion, principally driven by private customers’ deposits of USD 31.8 billion, with shareholders’ equity reaching USD 3.8 billion. Bank Audi’s group staff headcount exceeds 6,700 employees and its shareholders’ base encompasses more than 1,500 holders of common shares and/or holders of Global Depositary Receipts (GDRs) representing common shares.

Bank Audi ranks first among Lebanese banks and is positioned in the inner circle of top regional banking groups. Its shares are listed on the Beirut Stock Exchange. Its GDRs are listed on both the Beirut Stock Exchange and the London Stock Exchange.

In addition to its historic presence in Lebanon, Switzerland and France, the Group currently operates in Jordan, Egypt, Saudi Arabia, Qatar, Abu Dhabi (through a representative office), Monaco, Turkey and Iraq.

Bank Audi Iraq Branches

Bank Audi’s decision to set foot in Iraq stems from five key factors and major drivers making the expansion to the ancient civilization of Mesopotamia a natural yet challenging plan.

First and foremost, Bank Audi’s pioneering reputation entails that the bank complements and strengthens its geographical presence with solid business opportunities and long-term prospects in Iraq.

On an equally important note, the Iraqi banking sector is still untapped with a relatively fragile financial infrastructure. Bank Audi strongly believes it has a major role to play and a huge support to bring to a resourceful and promising neighboring country.

Also, as Bank Audi’s success story shows no signs of abating, it already positioned itself at the vanguard of growth and is capable of bringing its full economic potential to fruition in Iraq.

Encouragingly, economic growth in the country stands at an average of 10.3% annually between 2013 and 2017. Iraq is a country bursting with potential with abundant resources in its favor.

Despite the regional turmoil, Iraq succeeded to maintain its profitability and sustainable growth as the Central Bank expects the country’s GDP to jump to 360 billion in 2015 which constitutes one of the reasons why Bank Audi decided to explore this fast-paced country.

Moreover, the potential for banking services is tremendous as the penetration of the population is around 5% with more than 90% of the transactions still being cash-based, which will be a catalyst for growth and will translate into rolling out a diverse range of products and services.

Business Lines and Products

Bank Audi has continuously labored to become a pioneer of the Lebanese banking sector. It has a strong commercial and corporate banking franchise with a diversified loan portfolio and a wide range of traditional banking products and services offered to SMEs as well as to larger corporate clients.
On the retail banking front, Bank Audi provides 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.

Long-term growth story looks robust for Bank Audi Private Bank (BAPB), the wealth management arm of Bank Audi Group, which operates through three main booking centers in Switzerland, Lebanon and Saudi Arabia, with offices in Monaco, Qatar, Jordan and the United Arab Emirates. BAPB provides 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.
Bank Audi also 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

Positive Outlook

Bank Audi is keen on this expansion and will be strengthening its presence across the country as the first branch is due to open in Baghdad in October 2015. Steadfast in its focus on enhancing its outreach, the Bank plans to further expand its coverage of the industry with a few branches in the near future.

Banking Products and Services	Type of Service
Account Opening	Saving Account Opening
	Term Deposit Account Opening
	Cash Collateral
	Current Account Opening for Corporations
	Current Account Opening for Individuals
	Power of Attorney
	Term Deposit Withdrawal Prior to Maturity Date
	Term Deposit Renewal
	Term Deposit Credit Transactions
	Temporary Credit Limit
Banking Services Over The Counter	Certified Checks
	Handing Cash to Clients
	Banker Checks
	Cash Deposit
	Foreign Exchange Transactions
	Local Purchased Checks
	Cash Withdrawal
	Checkbook Request and Delivery
	Collecting Cash from Clients
	VIP Checks Settlement on ACH
	Checks Settlement on ACH
	Returned Checks on ACH
Transfers	Incoming Cross Border Transfers
	Outgoing Cross Border Transfers
	Incoming Local Payment Order
	Outgoing Local Payment Order
Transfer Instructions	Periodic Instructions
	Scheduled Sweep
	Overdraft Sweep
	Surplus Funds Sweep
Online Banking	Audi Online-Corporate
Online Banking	Audi Online-Individual
Letter of Gaurantee	Advance Payment
	Bid Bonds
	Performance Bond
	Others
Letter of Credit	LC Import
Letter of Credit	LC Export
Documents for Collection	Import Documents Collection
Documents for Collection	Export Documents Collection
Financing	Working Capital Financing
Financing	Long Term and Mid-Term Financing
Loans	Cumulative Loans
	Long Term and Short Term Loans
	Personal Loans

Disclaimer

The information contained on this website is for general information purposes only and shall not and does not constitute neither an offer to purchase or buy, nor a solicitation to purchase or buy, nor an offer to sell or exchange, nor a solicitation to sell or exchange any securities of Bank Audi. Neither this website nor anything contained herein shall form the basis of any contract or commitment whatsoever.
Except where otherwise indicated, the information contained in this website is based on facts and figures as they exist as of the date stated or, if no date is stated, as of the date of preparation and not as of any future date, and the information contained herein is subject to change without notice. While Bank Audi believes that the information posted on this website is accurate as of the stated date, Bank Audi does not warrant, nor does it accept any responsibility or liability for, the accuracy or completeness of the content or for any loss which may arise from reliance on information contained on this website. Although Bank Audi may post new information from time to time, neither Bank Audi nor any of its subsidiaries, affiliates, directors, officers, employees or agents accept any obligation to update, correct or otherwise revise any such information to reflect information that subsequently becomes available or circumstances occurring after the date such information was prepared or posted.
Unless otherwise stated, Bank Audi retains all rights in relation to all information provided on or via this website, including all texts, photographs, illustrations, graphics, names or tradenames, logos, product and servicemarks. These rights are protected by copyright, trademarks and domain names. Users of the website are unable to derive any rights from the content of this website.
This website may include third party statements and reports, as well as links to other internet sites. Bank Audi does not endorse such third party statements or any such websites and is not responsible for the information, material, products or services contained in such statements or accessible through those websites. Any reliance on third party statements or other websites is solely at the risk of the reviewing party.
Descriptions of, or references to, products, services or publications within Bank Audi’s website does not imply endorsement of that product, service or publication. Bank Audi makes no warranty of any kind with respect to the subject matter included herein, the products listed herein, or the completeness or accuracy of the information.
Statements contained in this website may constitute “forward-looking statements”. These statements include all matters that are not historical facts and generally, but not always, may be identified by the use of words such as “believes,” “expects,” “are expected to,” “anticipates,” “intends,” “estimates,” “should,” “will,” “will continue,” “may,” “is likely to,” “plans” or similar expressions, including variations and the negatives thereof or comparable terminology.
Forward-looking statements are not guarantees of future performance; Bank Audi’s actual results of operations, financial condition, as well as the development of the industry in which it operates may differ significantly from those made in or suggested by the forward-looking statements contained herein. In addition, even if Bank Audi’s results of operations, financial condition and the development of the industry in which it operates are consistent with the forward-looking statements contained herein, those results or developments may not be indicative of results or developments in subsequent periods. Bank Audi does not undertake publicly to update or revise any forward-looking statement that may be made in this website, whether as a result of new information, future events or otherwise.
Past results are not indicative of future performance.

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