Audi bank headquarters is seen in Downtown Beirut. (The Daily Star/Mahmoud Kheir)
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Bank Audi, one of the two largest banks in Lebanon, announced Tuesday that its net profits at the end of 2017 reached $559 million, an increase of 13 percent from 2016 .It noted that the contribution of entities outside Lebanon to consolidated net profits reached 45 percent over the period, of which 19 percent from Odea Bank.It added that the consolidated shareholders' equity grew by 13.2 percent, from $3.7 billion as at end-December 2016 to $4.2 billion as at end-December 2017, representing 18 percent of the consolidated equity of the Lebanese banking sector.Bank Audi is one the six banks listed on Beirut Stock Exchange.
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