Fransabank Group, with its largest local branch network spread all over the Lebanese territories, announced the opening of its 106th branch in Zghorta, in North Lebanon. On this occasion, Executive Chairman Mr. Adel Kassar declared: “All through our long history, we were committed to developing our products and services. in order to meet the needs of our customers at the best and most competitive conditions, and offer them our quality service which we always opt to advance at all technical, professional and human levels in order to comply with international banking standards.”
Kassar added: "In light of this, we developed and adopted an integrated and comprehensive expansion strategy at local and potential regional and international markets with viable business opportunities. This is supported by an internal and organic development strategy at different directions hat has enabled us to achieve our expansion and growth goals. Today, Fransabank Group has also a dynamic, growing and evolving presence in France, Algeria, Syria, Belarus, Sudan, Libya and Cuba."
Kassar continued: "Our strategy dictates on us that we further enhance the prospects of our growth and profitability, and strengthen our business base through introducing new services that have an added value to the Lebanese economy and society and to our individual and corporate clients alike. It also urges us to increase the scope of our regional and international alliances, and exploit potential economic opportunities in the region; all in compliance with the rules and principles of sound corporate governance."
Kassar added: “Fransabank Group is present in the North region through its branches in Halba, Kalamoun, Meryata, Batroun, Bcharreh, Kousba, Chekka, Tripoli Mina, Tripoli Tell, Tripoli Gemmayzat and Tripoli Abou Samra. With the opening of its new Zghorta branch, the percentage of the Group’s presence in the North exceeds 14% of its total local network that is considered the largest at the national level.”
Kassar concluded: “Our presence today in Zghorta confirms once again our commitment to develop our role in the growth of the national economy as we strongly believe in the importance of a balanced development to consolidate economic growth and ensure social security for all regions.”