Signing a cooperation agreement with the Egyptian Agricultural Bank

20/07/2020


 

lieutenant general,Abdel Moneim El-Terras," President of the Arab Organization for Industrialization, stressed the implementation of the directives of President "Abdel-Fattah El-Sisi" to promote digital transformation and electronic mechanization, stressing that Arab Industrialization puts all its capabilities and technological expertise to develop all banking and banking institutions.

This came during the signing of an agreement of cooperation between the Arab Organization for Industrialization and the Egyptian Agricultural Bank, in the presence of Mr. "Alaa Farouk", Chairman of the Board of Directors of the Egyptian Agricultural Bank and Mr. "Alaa Abdel Aziz Najem", advisor to the Chairman of the Arab Organization for Industrialization for Engineering Affairs

In this regard, Al-Terras stressed the importance of cooperation with the Egyptian Agricultural Bank as one of the ancient banking edifices that contribute to supporting agriculture in all different fields, explaining that the areas of cooperation include taking advantage of all the manufacturing capabilities of the Arab Organization for Industrialization to implement the digital transformation and electronic mechanization of the Agricultural Bank from During the implementation of development work and raising the efficiency of the bank’s various facilities and branches in the governorates of the Republic in the areas of equipment, construction, engineering and technological services.

 

He added that it was agreed to meet the needs of the Agricultural Bank in many areas, including the supply of devices and technical equipment needed to equip buildings and implement various technical networks such as cameras monitoring networks, theft and fire alarm, information networks and TV connectivity, etc., in addition to lighting systems provided by LED and renewable energy, development and supply ATM equipment and points of sale.

The “terrace” also indicated that the areas of cooperation are being exploited to the available capabilities in Arabic for industrialization without bearing the state’s budget, any material burdens, stressing maintenance and after-sales service, which represents a sustainable responsibility that the authority is keen on with all its projects.

For his part, Mr. "Alaa Farouk" expressed his welcome to cooperate with the Arab Organization for Industrialization, one of the castles of the national industry in the field of manufacturing and the development of engineering and technological systems and service of comprehensive development goals, noting that the cooperation protocol comes within the framework of the Egyptian Agricultural Bank's strategy to upgrade its banking services and products and expand its customer base And increase its share in the banking market, within the framework of the comprehensive plan currently being implemented to develop the Egyptian Agricultural Bank branch network in the villages, centers and governorates of Egypt, which amounts to more than 1210 branches.

"Farouk" also stressed that cooperation with Arab Industrialization contributes to achieving the vision of the Agricultural Bank and the implementation of its strategic plans to transform into an advanced development banking institution, which includes a comprehensive plan to modernize the existing branch network, in addition to establishing a new network of advanced branches, and modernizing the technological infrastructure of the bank and developing Banking products and methods of providing services to meet the needs of all categories of customers, in order to contribute to achieving the country's vision of comprehensive rural and agricultural development and achieving financial inclusion and sustainable development.