NBD opens and renovates 28 branches across Egypt

Three branches have already opened for business in October, and another 14 branches are expected to be ready to receive clients by the end of 2009, with a further 11 branches ready by the end of Q1 2010.

In celebration of this occasion, NBD held a press conference on Monday, 2/11/2009 to announce the details of the openings, attended by Nevine Loutfy, President and CEO of NBD, and Amal Saeed, Head of Retail Banking at NBD.

The branch openings and renovations are part of a broader plan by NBD to restructure and improve the bank's infrastructure, a reflection of the bank's dedication towards improving customer experience and streamlining any transactions the client requires.

It is worth mentioning that the Abu Dhabi Islamic Bank acquired NBD during the last quarter of 2007, with the vision of transforming NBD into a fully shari'a-compliant bank utilizing modern technologies and banking practices. Part of this vision was realized recently in the implementation of a new bank-wide IT system, which has proved its success and will be an integral part of the new branches being opened by NBD.

"These branch openings are part of NBD's broader plan to improve the bank's infrastructure, initiated a while ago and covering all the bank's different sectors and departments. The improvements also include banking procedures, which have streamlined and simplified operations with our clients, and most importantly the hiring of competent and experienced calibers with the skills and abilities needed to push the bank forward, and who have aided massively in completing the restructuring in remarkable time,"

said Nevine Lotfy, President and CEO, NBD.