Bank Audi Egypt represents about 15% of the size of Bank Audi Group and targets to increase this percentage to 30% in the coming years due to its special position among the group, according to Mohamed Fayed, deputy chairperson and managing director of Bank Audi Egypt. Bank Audi entered the Egyptian market in March 2006 and succeeded in consolidating its position to become a leading bank in Egypt. Bank Audi, established in 1830, is one of the oldest banking institutions in the Lebanese market. It also provides services to more than 1.3 million customers, including corporations, trade finance services, and banking services to individuals, as well as private banking services. Fayed added that the expansion strategy adopted by Bank Audi is based on three key markets: Lebanon, Egypt, and Turkey.

Source: Daily News Egypt March 19, 2017 06:33 UTC