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November 2009

New Saifi Branch
FRANSABANK announced the opening of its new branch in Saifi Down Town, Beirut and held on this occasion a cocktail reception attended by Mr. Adel Kassar, Vice-Chairman of FRANSABANK, as well as invitees from FRANSABANK executives and clients. After its long distinctive presence in that area; the Saifi branch has been relocated to ensure a better service, providing both its existing and potential clients a full range of innovative, cutting edge and customized banking products and financial solutions that match all their needs. These include retail, commercial, corporate, investment and international banking services.
The Branch has been conceived with a new and innovative concept reflecting the Bank’s evolved image, through which FRANSABANK aims to fulfill its clients’ needs and demands in the most professional and prompt manner and at the highest service quality level. With the new Saifi branch that joined FRANSABANK’s family, the Group asserts once again its position as the largest local branch network exceeding 100 branches dispersed all over the nation.   

Within this scope, FRANSABANK is maintaining a healthy local expansion strategy in different directions to keep pace with today’s ever growing markets. Besides its largest local network, FRANSABANK has a consolidated presence in France, Algeria, Sudan, Syria, Libya, Belarus and Cuba. Thus, FRANSABANK’s expansion strategy remains to consolidate its presence into selective regional and international markets which present high economic, investment and banking potentials.

For the upcoming period, FRANSABANK will continue its expansion strategy focusing on the Bank’s growth and profitability that revolves around establishing and growing a presence in selective regional and international markets driven by a multi-dimensional added value offered to these markets, while at the same time thriving to bring added value to its shareholders in a dynamic manner and on solid sustainable grounds. This will affirm FRANSABANK’s aim is to always evolve and prosper by ensuring the loyalty of its ever-growing clients’ base.