FABMISR, First Abu Dhabi Bank’s (FAB) Egyptian unit, said that it has completed integrating banking services with Bank Audi Egypt.
The migration of all banking relationships and services under the FABMISR umbrella paves the way for customers to conduct their banking transactions and services across the bank’s strategically located branches as well as its state-of-the-art digital platforms—whether they formerly belonged to Bank Audi Egypt or FAB Egypt.
FAB rebranded its Egyptian business to FABMISR following the completion of its merger with Bank Audi Egypt in June. FABMISR is the largest foreign bank operating in the North African country with more than $10 billion (EGP 185 billion) in assets, 69 branches and 207 ATMs as of 31 March 2022.
“This integration contributes to strengthening the size of the new entity and its local presence across the country,” Mohamed Abbas Fayed, the CEO and Managing Director of FABMISR said at a press conference on Tuesday adding that the integrated entity reinforces FABMISR’s unwavering commitment to its customers as one of the largest private sector banks operating in the Egyptian market.
Building on its local and international expertise of FAB, one of the world’s largest and safest financial institutions, FABMISR is committed to meeting all customers’ financial and daily needs by offering services that are in line with international standards.
“We are also keen to support the banking sector in Egypt, as we believe in its important role to achieve financial inclusion under Egypt’s Vision 2030,” Fayed added.
The bank has a continuous focus on investing in the sector’s cutting-edge solutions and establishing promising partnerships with relevant entities while expanding its regional footprint.