Fransabank El Djazaïr, the subsidiary of Fransabank Group in Algeria, announced the opening of its Constantine Branch in the North-East of the country. This branch would be the third operating in Algeria in addition to the existing two branches in Algiers and Oran.

 

The opening of this new branch in one of the most populated city of the country falls within the scope of Fransabank El Djazaïr’s expansion strategy to further emphasize its presence in Algeria, and reveals its full commitment to its role in supporting growth and development of the Algerian economy.

 

Fransabank El Djazaïr aspires to expand its branch network over the coming three years to reach a total of 9 branches, thus adding six other branches in Ouled Fayet - Chéraga, Blida, Bab Ezzouar, Annaba, Sétif and a second branch in Oran by the end of 2014. In Ouled Fayet, the Bank announced the acquisition of a 10,000 m2 building to host its new Head Office and its main branch.

 

Established in 2006, Fransabank El Djazaïr is the only Lebanese Bank with a presence in Algeria. It has seen to date a progressive growth in its key financial indicators. Fransabank El Djazaïr, which provides professional and personalized services to large corporations as well as SMEs, distinguished itself in a short period of time with the service quality and availability of its teams composed mostly of young professional Algerians trained according to modern management methods and backed by Lebanese expatriates with many years of experience in banking.