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On the job June 7, 2017 Banking is such a constant in Lebanese existence that you can pretty much set your watch by its heartbeat. Of course this only looks effortless. In reality, there are a series of arduous and vital balancing acts in progress, primarily at the central bank and then one tier lower at the commercial banks. After all, the sector’s steady performance in the safe annual growth of assets and deposits is entwined with global realities of the most fragile political, monetary and economic sorts. This inconvenient and undeniable reality was underscored by the months-long hullabaloo over Banque du Liban (BDL) Governor Riad Salameh’s term extension, announced at the end of May. ....
FAB to acquire 100% of Bank Audi Egypt’s share capital ABU DHABI, January 21, 2021 First Abu Dhabi Bank (FAB) and Bank Audi sal have announced the signing of a definitive agreement for the acquisition by FAB of 100% of the share capital of Bank Audi sae, Bank Audi’s subsidiary in Egypt, a media report said. This agreement follows the completion of an in-depth due diligence exercise conducted by FAB on Bank Audi sae (Egypt) after obtaining the preliminary approval of the Central Bank of Egypt, reported Emirates News Agency WAM. The transaction is expected to be completed within the next few months, following the satisfaction of customary conditions, including the receipt of regulatory approvals in the UAE and Egypt. ....
Home » Business » Capital Bank signs agreements to acquire Bank Audi’s branches in Jordan and Iraq Capital Bank signs agreements to acquire Bank Audi’s branches in Jordan and Iraq By JT - Dec 29,2020 - Last updated at Dec 29,2020 Chairman of Capital Bank Group Bassem Khalil Al Salem (left) and Chairman and Group CEO of Bank Audi Samir Hanna sign an acquisition agreement (Photo courtesy of Capital Bank) AMMAN Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi’s Jordan Branch Network, and the acquisition by the National Bank of Iraq a subsidiary of Capital Bank Group of the operations of Bank Audi’s Iraq Branch Network, including the purchase of the assets and liabilities of these branches. ....
12/29/2020 | Press release | Distributed by Public on 12/29/2020 03:39 CAPITAL BANK AND BANK AUDI SIGN DEFINITIVE AGREEMENTS FOR THE SALE OF THE ASSETS AND LIABILITIES OF BANK AUDI BRANCHES IN JORDAN AND IRAQ Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi s Jordan Branch Network, and the acquisition by the National Bank of Iraq - a subsidiary of Capital Bank Group - of the operations of Bank Audi s Iraq Branch Network, including the purchase of the assets and liabilities of these branches. The completion of these transactions remains subject to the receipt of the final approval of the related supervisory and regulatory authorities. ....