Bank Audi In Syria :

   Bank Audi Syria Management  
While the Syrian banking sector faces a number of challenges, the current liberalization policies are on the right track and the positive experiences of the private banks that were first to enter the market, like Bank Audi, will demonstrate Syria’s growth potential. 
Bank Audi Syria expects to earn a strong share of the market since many of its potential clients in Syria already use the services of Bank Audi in Lebanon. 
Aiming at offering its clients “value-added” services, Bank Audi Syria is especially interested in attracting companies in the industrial and retail sectors. 
The Bank’s competitive advantages include its international network with offices in Beirut, Amman, Paris and Switzerland, as well as its advanced technology and innovative management. 
In addition to products especially designed for the Syrian market, the Bank’s commitments in Syria, as in all its markets, will be to support philanthropic efforts to benefit the local community. 
As for Bank Audi’s main goals in its first year of operations in Syria, it is to develop a broad reach and expand its retail & commercial services, offering a wide range of products and services, within the following categories: 
Banking Accounts: Mainly checking, saving, term deposits and payroll accounts linked in some cases to a revolving line of credit; 
Personal Loans: Short and long term financing plans; 
Electronic Banking: Internet accounts and a broad range of credit and debit cards; 
Domiciliation Services: Direct debit orders for various bills settlement; and 
Bancassurance: Off-the-shelf accessible products including life, accident and other personal insurance policies. 
Bank Audi Syria’s headquarters and main branch are located in the center of Damascus, Mohafaza building. The first branch to open was Mazzeh Branch, followed by Mohafaza, then Abu Rummaneh in March 2006 and Aleppo in April 2006. Other locations in Damascus and major Syrian cities will follow.
* Bank Audi sal contributes to Bank Audi Syria’s capital with 41%, Audi Saradar Investment Bank sal with 3%, and Lebanon Invest with 3%, totaling 47% for Audi Saradar Group. 
Non-Syrian shareholders include Sheikh Abdallah Abdel Aziz Al Rajhi with 2%, a well-known businessman in the Kingdom of Saudi Arabia, Board Member in Al Rajhi Banking and Investment Corporation, one of the largest Islamic banking institutions in the Arab world. Other Syrian Founders hold 26% of the shares and are reputable businessmen residing in Syria and abroad. 
The remaining 25% were subscribed in the form of an initial public offering to the Syrian general public, opened on July 24, 2005, for a period of 10 days. 
Bank Audi Syria Management
Board of Directors  
Dr. Georges Achi 
 Chairman of the board 
Mr. Bassel Hamwi 
 Vice-Chairman 
Mr. Raymond Audi 
Mr. Samir Hanna 
Dr. Freddie Baz 
Mr. Adnan Takla 
Mr. Ahmad Abboud 
Mr. Said Al Zaim 
Mrs. Rana El Zein 
 

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