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Al Ahli Bank of Kuwait-Egypt continues expanding within Egypt and inaugurates its latest branch in Mohandessin

Cairo, Egypt; December 31st 2018 – As part of its expansion strategy, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) announced the opening of its 21st branch in Greater Cairo, located in Mohandessin in Shooting Club Street.

The ribbon cutting ceremony held to celebrate the occasion was attended by Mr. Ali Marafi, ABK-Egypt’s Chairman, Mr. Khaled El Salawy, CEO and Managing Director, alongside representatives from ABK - Egypt Senior Management and VIP customers.

The new branch is equipped with the necessary infrastructure to provide outstanding services and innovative banking solutions that serve a variety of customer segments in line with the Central Bank of Egypt’s directions and the Bank’s continuous efforts towards financial inclusion.

The Bank has set an ambitious strategy to grow its market share in Egypt over the coming few years through expanding its geographical footprint to reach 57 branches by the end of 2021.

It is also worth mentioning that the Bank has recently launched two specialized hubs for trade finance services covering East Cairo and Alexandria, and aims at adding a third hub in 2019, to cater for the needs of its corporate customers in Central Cairo.

 

ABK-Egypt remains committed to playing an active role in supporting the Egyptian economy through a clear action plan that focuses on achieving significant growth on all business fronts, developing human capital inside the bank, improving its competitive advantages across all services, and offering innovative solutions in the digital banking arena to fortify its position and further establish its brand as one of the leading banks in Egypt.