Fransabank El Djazaïr, subsidiary of Fransabank Group in Algeria, announced in February 2012 the opening of its Constantine Branch in the North-East of Algeria which is now the third branch operating in Algeria in addition Algiers and Oran branches.

The opening of this new branch in one of the most populated city of the country falls within the expansion strategy of Fransabank El Djazaïr to further emphasize its presence in Algeria. It also confirms its full commitment to its role in supporting growth and development of the Algerian economy.

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Fransabank El Djazaïr aspires to expand its branch network in the coming three years to reach a total of 9 branches, adding six other branches in Ouled Fayet - Chéraga, Blida, Bab Ezzouar, Annaba, Sétif and a second one in Oran by end of 2014. In Ouled Fayet, the Bank announced the acquisition of a 10,000 m2 building to host its new Head Office.

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Established in 2006, Fransabank El Djazaïr is the only Lebanese Bank undertaking operations in Algeria. It has seen to date a progressive growth in its key financial indicators. Fransabank El Djazaïr, which provides professional and personalized service to large corporations as well as SMEs, distinguished itself in a short period of time with the service quality and availability of its team composed mostly of young professional Algerians trained in modern management methods and reinforced by Lebanese expatriates with many years of experience in banking.