Bank Audi
Lebanon based bank
From Wikipedia, the free encyclopedia
Bank Audi (Arabic: بنك عودة, previously Bank Audi-Saradar) is a Lebanon-based universal bank and financial services company headquartered in Beirut.
 | |
 Branch at Sin el Fil, Beirut | |
| Company type | Société anonyme libanaise |
|---|---|
| Beirut Stock Exchange: AUDI LSE: BQAD | |
| Industry | Financial services |
| Founded | Beirut, Lebanon (1830) |
| Headquarters | , |
Area served | |
Key people | Raymond Audi (co-founder) Samir Hanna (Chairman of the Board of Directors) |
| Products | Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, treasury and capital markets |
Number of employees | 1,650+ (March 2025)[1] |
| Website | www www |
History
Bank Audi was founded in 1830, but was only incorporated as a bank in 1962.[2][3]
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.[4]
On 20 February 2019, Bank Audi announced a new deposit agreement by which 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.[5][6]
After former Central Bank of Lebanon governor Riad Salameh was charged with embezzling $330 million in public funds, the Swiss financial regulator FINMA launched investigations into Lebanese banks with operations in Switzerland and in 2024 censured Bank Audi for serious money laundering violations.[7]
