IBAG Expands Footprint in Egypt, Boosting Financial Inclusion

IBAG, a leading money transfer company, has announced the opening of its new branch in the Ramyah area of Giza Governorate. This brings their total number of branches to 176, a move that highlights the company's commitment to its expansion plans and spreading its services to meet customer needs across Egypt. This also strengthens their position as a top financial service provider in the Egyptian market. With this new addition, IBAG now has 39 independent branches, alongside 137 locations within branches of the National Bank of Egypt, Banque Misr, and Banque du Caire. The opening of this new branch is part of a well-thought-out expansion strategy aimed at establishing a presence in more areas. This will boost the company's ability to reach a wider range of customers and provide comprehensive financial services more efficiently and quickly. The Ramyah branch is a strategic new addition for IBAG, helping to improve access to financial services and enhance the customer experience by raising service quality, all in line with best operational practices and corporate performance standards. Dr. Mostafa Sarhank, IBAG's Executive Chairman, stated that the opening of the Ramyah branch marks another strategic step in the company's rapid growth journey. He emphasized IBAG's commitment to supporting the government's efforts to boost financial inclusion by offering reliable and easily accessible financial solutions that help integrate more segments of society into the formal financial system. Abdullah Al-Sadah, IBAG's Managing Director, added that reaching 176 branches nationwide truly shows their dedication to a clear expansion vision. This vision focuses on strategic geographic spread and strengthening their competitive edge in the money transfer and financial services sector. He also noted that they are working on a long-term plan to achieve sustainable growth, built on operational efficiency and maximizing value for their customers.