Size does matter

ENAR

Freddie Baz is a shareholder and board member of Istanbul-based Odeabank. He is also the chief financial officer of Audi Group, Odea’s parent. Most importantly, he is the personification of strategy at Lebanon’s largest banking group. Executive asked him what Audi Group has on its mind.      You have told us that Odeabank has achieved 110 percent expansion in both the number of customers and new accounts in the first quarter of 2014. How did this unexpectedly high growth impact your targets? Can you tell us what you are aiming for within 2014 and by the end of 2015? We have a very ambitious business plan. Unfortunately I cannot disclose details because we are listed in London. That means we have legal liabilities and we have developed an ethics [code] to be in full compliance with LSE regulations. So let me put it differently: Our aim is to develop a