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First Abu Dhabi Bank Misr (FABMISR), a unit of the ADX-listed FAB based in Egypt, has opened two new branches in the country. According to a press release, these branches (the 66th and 67th for the bank) are located on El-Haram Street in Giza Governorate and El-Gomhoreya Street in Downtown Cairo.
This expansion is part of FABMISR’s strategic growth plan to improve Egyptians’ access to banking services.
The bank intends to promote financial inclusion throughout Egypt by introducing new solutions across various regions and governorates. In March 2024, FABMISR launched a mortgage finance system with an interest rate of up to 8%.
