Jul 4, '2004

MIBank celebrated the opening of its latest branch in Heliopolis at the Asea Brown Boveri (ABB) Egyptian Holding Co. building, a subsidiary of ABB Company, a multinational world leader in power and automation technologies. The new branch opening represents the best of MIBank's past, present and future; bringing together one of its long-standing clients, state-of-the-art technology and a forward-looking approach to innovative retail banking services. The ceremony was attended by Deputy Chairman and Managing Director of MIBank, Dr. Kamal Sorour stated, We are proud to celebrate MIBank's new branch opening in the ABB building.

ABB has been our valued customer for over 10 years and we hope that by opening this branch on their office premises, we will be able to increase the level of services we can offer them and continue to strengthen our already strong business relationship. Mrs. Hala Fayek, Senior General Manager of the Corporate Line of Business, Mr. Mohamed El Etriby, Head of Operations, Branches & Project Development, as well as other senior bank and ABB executives were also present at the inauguration. In addition to installing an ATM outside the building to provide its customers with around the clock service, the main purpose of the new MIBank branch is to offer ABB's employees convenient access to a wide range of personal banking services without having to step out of the office. MIBank is implementing one of the fastest growing branch and ATM networks in Egypt.

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© Press Release 2005