Translated version of this PSD: Arabic
An equity investment for approximately 2.51% of Bank Audi SAL's total common shares outstanding.
EBRD is seeking to support the Lebanese financial markets and act as a catalyst to influence the broader economy in Lebanon, which can play a pivotal role in expanding and strengthening the financial sector. Bank Audi looks to consolidate and reinforce its leadership in Lebanon, as well as its market positioning across its core countries of operations, in particular in Turkey and Egypt.
The investment will serve to further strengthen the capital of a key regional player.
BANK AUDI SAL
Bank Audi SAL is the largest bank in Lebanon, with consolidated assets of USD 43.8 billion at end-December 2017. It is a universal bank operating across the Middle East and Europe. Its shares are listed on the Beirut Stock Exchange. Its Global Depositary Receipts (GDRs) are listed on both the Beirut Stock Exchange and the London Stock Exchange.
Environmental and Social Summary
Categorised FI (ESP 2014). Bank Audi Lebanon will be required to comply with EBRD's Performance Requirements 2, 4 and 9 which includes adherence to the EBRD's E&S Exclusion and Category A project lists. Bank Audi will be required to submit Annual Environmental and Social Reports to the EBRD on the implementation of the bank's Environmental and Social Management System (ESMS) and on compliance with the designated Performance Requirements.
Company Contact Information
+961 1 977 496
+961 1 990 444
P.O. Box 11-2560 Riad El-Solh Beirut 1107 2808 LEBANON
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.