Monday 20 October 2014
 
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Bank Audi

Bank Audi H1 profit up to $190m

Lebanese Bank Audi said its first half net profit was $190 million, slightly up from $188 million in the same period last year. The bank said in statement its customer deposits grew by $2.9 billion to $34 billion over the first si

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IFC in $150m loan deal with Bank Audi

IFC, a member of the World Bank Group, has signed an agreement to provide subordinated loans of $150 million for 10 years to leading Lebanese bank Bank Audi. The deal was signed in co-ordiantion with the IFC Capitalization Fund, m

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Bank Audi unveils 'The Ultimate' card

Bank Audi and Middle East Airlines have signed a deal with MasterCard, to launch ‘The Ultimate Cedar Miles World Elite’ credit card in Lebanon. The card will be launched in December, to offer local and regional ultra-h

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Lebanon's Bank Audi profit down 5.5pc

Lebanon's Bank Audi reported a 5.5 per cent drop in its net profit for the first nine months of 2013 in comparison to the same period last year. The $261 million in net earnings, compared to $277 million for previous year, wer

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Bank Audi wins nod for $300m Turkish unit

Lebanon's Bank Audi said it had won approval to open a subsidiary deposit bank in Turkey with share capital of $300 million. Audi, which already operates in several countries in the Mena, said its decision to expand into Turkey came as

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Bank Audi takes over Cairo brokerage

Lebanon's Bank Audi said it had acquired 90 per cent of online brokerage Arabeya Online from the firm's chairman and majority owner Naeem Holding. The bank, however, did not disclose the value of the deal. 'Bank Audi's inve

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Lebanon Bank Audi H1 soars 21pc

Lebanon's Bank Audi said its net profit climbed by 21.4 per cent to $161.4 million in the first half of the year, compared with the same period in 2009. The bank's 2009 H1 net profit was $132.9 million. Lebanon's banking sector is one of t

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Bank Audi wins Banker ME award

Bank Audi sal - Audi Saradar Group has won the 'Best Research House in the Middle East' award at the 2010 Banker Middle East Product Awards ceremony. “Bank Audi rises among the very few Mena-based banking institutions to provide co

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MasterCard Cedar Miles card launched in Jordan

Bank Audi and Middle East Airlines (MEA) have launched the MasterCard Cedar Miles card in the Jordanian market. “The MasterCard Cedar Miles card includes two constituents: the Platinum and the Classic cards. It is also the only credit card

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MasterCard Cedar Miles card launched in Jordan

Bank Audi and Middle East Airlines (MEA) have launched the MasterCard Cedar Miles card in the Jordanian market. “The MasterCard Cedar Miles card includes two constituents: the Platinum and the Classic cards. It is also the only credit card

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