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Bank Audi

Bank Audi latest

 Lebanon: Former Economy Minister Calls For $25 Billion To Restore Confidence
February 5th, 2020 - 10:19 GMT

Lebanon: Former Economy Minister Calls For $25 Billion To Restore Confidence

A former Lebanese economy and trade minister has called for a second Paris summit to bail out the debt-ridden nation with financial support of up to $25 billion. Nasser Saidi, who is also a former deputy governor of Lebanon’s central bank, told Arab News that restructuring of the country’s banking system is needed urgently and that “depositors should not have to pay for banks’ mismanagement.” Financial support of between $20 ...
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As the Lebanese bid farewell to 2017, economists are busy now analyzing the challenges Lebanon will face in 2018 hoping to revitalize the sluggish economy. (Ibrahim Chalhoub/ AFP)
January 8th, 2018 - 02:00 GMT

Challenges Facing Lebanon in 2018, and How to Solve Them

Emirates’ half-year profits plunged 75 percent last year, leading to a 21 percent plunge in the carrier's brand value.
 (AFP/Ishara Kodikara)
April 11th, 2017 - 07:40 GMT

Dubai’s Emirates no longer Middle East’s most valuable brand: Report

Banque du Liban in Beirut. (File photo)
April 9th, 2017 - 01:40 GMT

Lebanon: Financial inflows to jump 20 percent amid better economic conditions

There is also a need to improve internet connectivity in Lebanon for banks to be able to provide fintech services in an effective way. (Shutterstock)
February 22nd, 2017 - 09:00 GMT

Lebanon's banks trail behind in fintech services

The return to normalcy, election of the president and creation of a government will encourage investors and depositors to pump money in Lebanon again, an economist predicted. (File photo)
January 25th, 2017 - 08:00 GMT

Lebanon: Capital inflows expected to rise by 20 percent in 2017

S&P stressed that Lebanese banks have helped the local economy to stay resilient despite the difficult economic and political challenges. (File photo)
October 5th, 2016 - 07:00 GMT

S&P upgrades outlook for three Lebanese banks

Bankers estimate that the value of the acquisition of HSBC Lebanon will range between $90 million to $100 million. (Facebook)
June 5th, 2016 - 11:00 GMT

HSBC Lebanon acquisition delayed by staff negotiations

Al Bawaba
May 7th, 2015 - 08:08 GMT

Must try harder: Arab Economic Forum addresses regional failures to raise average growth rates

It added that the subsidiary was never asked by Turkish authorities to take any specific measure with regard to combating money laundering and terrorist financing, as alleged the newspaper.
April 3rd, 2015 - 06:53 GMT

'We're not related': Bank Audi denies ties to Daesh

Bank Audi, the largest Lebanese bank in terms of assets and deposits, operates in 13 countries.
September 24th, 2014 - 11:36 GMT

Lebanon's Bank Audi increases capital by $300 million

In June 2014, the balance sheets of Bank Audi showed that 45 percent of the assets were abroad while the rest were in Lebanon and 43 percent of the total deposits were from abroad while the rest were in Lebanon.
September 9th, 2014 - 03:55 GMT

Against all odds: Bank Audi to expand in Egypt, Syria

International rating agency Standard & Poor’s has raised its outlook for Lebanon-based Bank Audi, BankMed and BLOM Bank to stable from negative, just a week after upgrading the outlook of Lebanon from negative to stable.
April 21st, 2014 - 09:47 GMT

First the economy, now the banks: S&P raises Lebanon's outlook from negative to stable

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