Banque Audi sal · Beirut Lebanon ·(London: BQAD)
Company Description
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This link will open in a new window Though it's not related to the German car maker, Banque Audi could help you finance the purchase of an Audi -- or even an Audi dealership. The bank provides a range of private, retail, and commercial banking services to customers in Lebanon and the wider Middle East; it offers private banking services through subsidiaries in Europe and the Americas. Banque Audi has more than 130 retail branches, and also serves as a market maker for Lebanese treasury bills. The bank traces its lineage to 1830, when it began as an outgrowth of the Audi family exchange business in the Lebanese city of Sidon; the firm is still headed by members of the Audi family. Egyptian firm EFG-Hermes holds more than a quarter of Banque Audi. To read the full description, subscribe now.
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Key Banque Audi sal Financials
| Company Type | Public - London: BQAD Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $828.0 |
| Employees | 1,482 |
Banque Audi sal Executives
16 executives listed for Banque Audi sal's Beirut, location.
| Title | Name & Bio | Contact |
| Bryce Stearns | Network | |
| David Thal | Network | |
| Mark Bruce | Network |
Competition
Competitive Landscape for Banque Audi sal
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Banque Audi sal Competitors
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