Our Story
  • 1948 -1956

    Marius Saradar created Maison de Banque on February 1, 1948, a financial entity that became a Lebanese Joint Stock Company in 1956 as it took on the official name of Banque Saradar sal.
  • 1962

    Joe Saradar was appointed bank president and CEO of the company in 1962 at the age of 24, succeeding his father after he passed away.
  • 1987

    Eager to push the group beyond its domestic base, Joe Saradar expanded the bank’s operations internationally and founded Banque Saradar France in Paris in 1987. Despite the raging war in Lebanon at the time, the CEO’s vision and determination contributed to the success of the group and its continued growth in troubled times and beyond.
  • 1992

    When he passed away in 1992, his son Mario Saradar took over the group President and CEO role, bringing his own integrity and drive to the success that two previous generations had built. Mario Saradar wanted to diversify the group beyond the banking sector. To bring about his vision, he needed to restructure.
  • 1997

    In 1997, a holding company is created to manage the Saradar family assets. Three separate entities are formed to house each generation’s portion of those assets
  • 2004

    In 2004, Banque Saradar merged with Bank Audi, which led to the appointment of Mario Saradar to the Board and the Executive Committee of the newly formed Audi Saradar Group. This marked a new turn in the life of the Saradar family activities.
  • 2010

    By 2010, Mario Saradar left the Audi Saradar Group Private Banking arm he had been managing and focused his efforts on diversifying the family business.

    Saradar Group acquired a majority stake in LibanPost
  • 2013

    In 2013, Saradar Group acquired a majority stake in Near East Commercial Bank (NECB), then merged it the following year with Banque de l’Industrie et du Travail (BIT).

    The Group also acquired a majority stake in CashUnited, a money transfer operator representing MoneyGram.
  • 2015

    In 2015, Holding Saradar exited Bank Audi’s capital
  • 2016

    In 2016, Saradar Bank was launched.
  • 2017

    Acquisition of an equity stake in Vitas, a microfinance company.
  • 2019

    Acquisition of 51% of Assurex sal, a 40-year old Lebanese insurance company