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Bank Audi profit falls on costs of Turkish unit launch
Lebanon's Bank Audi reported a 9.5 percent drop in first-quarter net profit to $85.5 million from a year ago, weighed down by the costs of launching Turkish subsidiary Odeabank. Adjusting the figures to exclude the impact of Odeabank, "Bank Audi would have recorded a net earnings growth of 5.9 percent,…
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Click here to read the full story: Reuters