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The general manager of Al-Quds bank for development and investment: "we have an ambitious plan for expansion during this year"

2008-03-09

Mr.Azam Al-Shawa the GM of Al-Quds bank said that there is an ambitious plan to expand this year, after a noticeable growth in all the financial indicators last year, where total assets exceeded $253 million at the end of 2007 to rank the bank as the third Palestinian from the assets size. Al-Shawa clarified in a press meeting that the expansion plan constitutes opening the general management headquarter in Al-Masyoon in Ramallah which will also include the second branch in Ramallah, in addition to new two branches in Hebron and Jenin". He added "we expect to accommodate these branches within three months, after this we"ll demand the PMA for other branches authorizations."Also Al-Shawa stated that the bank seeks to build a messengers network aboard after they faced a lot of difficulties in this aspect due to political reasons. On the other hand, Al-Quds bank activated its first ATM machine in Ramallah branch and will activate the rest within the end of the current month.