Bank Audi SAL (BQAD)

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Company Description

Bank Audi SAL was established in 1962. The Company, together with its subsidiaries provides retail, commercial, corporate, investment and private banking activities. The Company operates in three geographical segments: Lebanon; Middle East, North Africa and Turkey (MENAT); and Europe. The Group operates in four main business segments which are Corporate and Commercial Banking, Treasury and Capital Markets, Retail and Individual Banking, and Group Functions and Head Office. Corporate and Commercial Banking provides products and services to the corporate and commercial customers including loans, deposits, trade finance, exchange of foreign currencies, as well as all regular Corporate and Commercial Banking activities. Retail and Individual Banking provides individual customers' deposits and consumer loans, overdrafts, credit cards, and funds transfer facilities, as well as all regular Retail and Private Banking activities. Treasury and Capital Markets provides treasury services including transactions in money and capital markets for the Company's customers, manages investment and trading transactions and manages liquidity and market risks. This segment also offers Investment Banking and brokerage services. Group Functions and Head Office consists of capital and strategic investments, exceptional profits and losses, as well as operating results of subsidiaries which offer non-banking services...

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