Raymond Audi steps down
as Chairman of Bank Audi

Replaced by Samir Hanna
who remains Group CEO

Samir Hanna has been appointed Chairman and General Manager of Bank Audi, replacing Raymond Audi who stepped down for health reasons. This is the first time that the bank has appointed a chairman who is not part of the Audi family. Hanna will also keep his position of CEO of Bank Audi Group. His term as Chairman will expire at the 2019 annual general assembly of shareholders.

Audi, aged 85, served as director at the bank since its incorporation in 1962, and chairman since 1998. He is a former minister and ex-chairman of the Association of Banks in Lebanon (ABL).

Hanna, aged 71, began his career in banking at Bank Audi in 1963. He held several managerial positions, before being appointed General Manager in 1986. He was elected a member of the Board of Directors in 1990.

In the early 1990s, Hanna spearheaded Bank Audi’s restructuring and expansion strategy. He has been instrumental in driving Audi’s growth to become the country’s largest bank by assets. The bank’s consolidated assets currently stand at more than $42 billion while its workforce exceeds 6,000 employees. Hanna also chairs Odea Bank, Audi’s subsidiary in Turkey.