Audi to Open 50-60 Branches in Turkey
Lebanon’s Bank Audi plans to open 50-60 branches in Turkey within a few years, and its priority in the Turkish market will be corporate and commercial banking, Chief Financial Officer Freddie Baz said Thursday.
He told news agencies the bank also wanted to be active in the areas of leasing and factoring. “Within a few years we aim to reach 50-60 branches, mainly in big cities ... we plan to have around 15 branches in Istanbul,” Baz said, adding they planned to open their first branch in the third quarter.
Bank Audi announced last October it had been granted permission to establish a deposit bank in Turkey with a starting share capital equivalent to $300 million.
Bank Audi has presence in 10 countries. At the end of September 2011, its consolidated assets were $28.7 billion, with private customers’ deposits of $24.9 billion. Reuters
STRATEGIES & PLANS
A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.