Browse
related articles
Audi Bank reports 14% increase in nine-month net profit
- Lebanon: Sunday, October 21 - 2012 at 02:33
Lebanese lender Audi Bank has said its nine-month net profit rose 14% to $309m, despite the "unfavourable economic conditions" in Lebanon, the Middle East and North Africa, Reuters has reported. Consolidated assets stood at $29.2bn, compared with $28.7bn at the start of the year, although the bank's Syrian subsidiary has suffered a sharp contraction in assets to a third of their level before the start of the uprising in the country. Meanwhile, the bank said its fully-owned Turkish subsidiary, Odeabank, obtained an operating licence last month and is expected to open its first five branches in Istanbul and two more in Ankara and Izmir before the end of the year.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
