The Latest Breaking News from Bank Audi

Protesters in Lebanon vandalise banks, demand their money back

People demand the return of their savings and call for officials involved in corruption to be held accountable.

Al Jazeera · Jun 16, 2023

Banks Warn against Lebanon 'Isolation'

Banks in Lebanon warned of the “gravity” of judicial accusations leveled against a number of them for “money laundering” and said that this will have repercussions on banking transactions. In a first, a new lawsuit affected an Arab bank operating in Lebanon, which is the National Bank of Kuwait (NBK).…

Asharq Al-Awsat · Feb 16, 2023

From blast to banking crisis, one woman embodies Lebanon's complete collapse

Liliane Cheaito's scratchy, laboured breathing went on until a nurse appeared at her hospital bed, where the 28-year-old has spent nearly every moment of the last two years in silent suffering following the Beirut port explosion of 2020.

Reuters · Aug 1, 2022

Lebanon Judge Freezes Assets of Five Banks and Members of Their Boards

A Lebanese judge froze the assets of five top banks and members of their boards while she investigates transactions they undertook with the country's central bank, a judicial document showed on Monday. The asset freeze against Bank of Beirut, Bank Audi, SGBL, Blom Bank and Bankmed applies to properties, vehicles…

Asharq Al-Awsat · Mar 14, 2022

Lebanese Judge Bans Five Bank Board Chiefs from Travel

A Lebanese prosecutor on Thursday issued travel bans against the heads of the boards of five Lebanese banks, the prosecutor told Reuters. Ghada Aoun issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, Antoun Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya…

Asharq Al-Awsat · Mar 10, 2022

Lebanese bank shuts down dozens of UK nationals’ accounts

Bank Audi pressures dual nationals to agree to waive their rights to take foreign currency, or risk losing the accounts.

Al Jazeera · Mar 7, 2022

Lebanese Bank Closes over 30 British-Held Accounts after UK Ruling-Depositors’ Group

Lebanon's Bank Audi has closed more than 30 accounts belonging to UK nationals or their close relatives since a London court ordered it to transfer funds stuck in the crisis-hit banking sector to a British client, a depositors' union said. The Feb.

Asharq Al-Awsat · Mar 4, 2022

UK Court Orders Lebanese Banks to Pay $4M to Saver

A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s crippled banking system by informal capital controls in place since a financial meltdown in 2019, the first such ruling in Britain. The High Court of Justice, Queen’s Bench Division, ordered…

Asharq Al-Awsat · Mar 3, 2022