Bank Audi - equity investment (EBRD-49644)

Countries
  • Lebanon
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Bank Audi SAL
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Mar 26, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

EBRD is seeking to support the Lebanese financial markets and act as a catalyst to influence the broader economy in Lebanon, which can play a pivotal role in expanding and strengthening the financial sector. Bank Audi looks to consolidate and reinforce its leadership in Lebanon, as well as its market positioning across its core countries of operations, in particular in Turkey and Egypt.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

An equity investment for approximately 2.51% of Bank Audi SAL's total common shares outstanding.

Private Actors

Bank Audi SAL is the largest bank in Lebanon, with consolidated assets of USD 43.8 billion at end-December 2017. It is a universal bank operating across the Middle East and Europe. Its shares are listed on the Beirut Stock Exchange. Its Global Depositary Receipts (GDRs) are listed on both the Beirut Stock Exchange and the London Stock Exchange.

Contact Information

Sana Sabra
Sana.Sabra@bankaudi.com.lb
+961 1 977 496
+961 1 990 444
http://www.bankaudigroup.com
P.O. Box 11-2560 Riad El-Solh Beirut 1107 2808 LEBANON
Business opportunities

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.