First Abu Dhabi Bank Misr (FABMISR) has announced the opening of its newest branch located in Banha City, Qalyubiyya Governorate – the bank’s 65th branch.
The expansion aligns with the bank’s overarching strategy aimed to strengthen local presence and offer innovative solutions relevant to the local community. It also reinforces FABMISR’s role as a trusted partner in fostering economic growth and sustainable development in Egypt.
“The inauguration of our new branch in Banha underscores our steadfast commitment to implementing strategic geographical expansion across various governorates. Through this addition, we aim to enhance our footprint in Qalyubiyya Governorate by providing a diverse and comprehensive array of banking services,” said Mohamed Abbas Fayed, the CEO and managing director of FABMISR.
The inauguration of the new branch in Banha marks a significant strategic milestone for FABMISR. It is part of the bank’s expansion plan to facilitate integrated banking services across governorates.
FABMISR has reported a significant growth in net profits in 2023 to reach EGP 10.4 billion a 131% increase compared to a year earlier.
It reported significant growth across multiple key indicators compared to the previous year. The growth highlights the bank’s robust performance and unwavering dedication to supporting the Egyptian economy while providing its clients with a diverse range of distinguished banking services.
