hany abou el fotouh_press quote (133)

8/3/2019 Hany Abou El Fotouh_press Quote (133)

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Brand Awarenessaunched all over Egypt!

ABC Egypt launched its newBrand Awareness Campaign miduly, covering new billboardsnd visibility all over Egypt and

Alexandria. Areas in caironclude Zamalek, Mohandessein,Heliopolis, Nasr City, andHaram, while Alexandria isovered from the dessert road,ll the inside of Somouha Clubnd Sproting.he concept behind the new ad

New Billboardsplaced in Alex, Cairo,Hurghada andmore...

credibility. The ads will also bepublished in a number of maga

-zines and financial directories,such as " " magazine,published by the Federation ofEgyptian Banks "FEB".

Announcement

With the ever growingexpansion of ABC Egyptto bring its branchescloser to its clients, new

branches are beingconstructed and plannedout everyday. ABC is expecting 4 newbranches, Damietta, Mansoura, Assyut,and Luxor to open in 2008, with a shortterm plan to add more to those in 2009.

Keeping its image intact,and the anticipation of itsclients, ABC Egypt producednew plastic covers that help tohide the unnecessary process of

building, while communicatingits message for people to expecta new architectural splendor ofABC.

Opening Soon.....Ready with covers and signs

o emphasize on the bank'sogo, using the Arabic calligra-

hy to give a local feel to theank, bringing its services closer

to people, while also outliningits worldwide recognition and

ABC News

News Highlights

Magazine Layout

ABC - Egypt sponsored the EIE Forumorganized "Global Speakers Series Dinner" on

june 16th with Distinguished Keynote Speaker,the Honorable Bill Richardson, Governor ofNew Mexico and Former Presidential Candidate

& U.S. Secretary of Energy. The topic of discus-sion was on: AMERICAN FOREIGN POLICY2009 AND GLOBAL RAPPROCHEMENT.

Sponsorships

:

" 19"

./A-2/+BBB

* FVP-Retail Banking Group Head ,Mr. Rafael Ajram joins ABC - Egypt effec-tive May 4th* FVP-Credit & Risk Group Head, Mr.

Alaa Nosseir joins ABC - Egypt effectivejune 22nd

Cover Design

Standard & Poors (S&P)

Ratings for ABC

BC New Focus

ABC Egypt NewsletterMay-June issue


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ABC News

ARAB BANKINGCOMPANY PROVIDE INVESTMENTFUND WITH CAPITAL 250 MILLION POUNDS

Categorical Hierarchy: Financial Serv.,Banks,,arab Banking C.

Country : Egypt

Page Details,Page and PhotoSize : Bussiness& Finance,0007,

Media: Alalam Alyoum(Circulation:149120),Arabic Newspaper

Size,Position and Color: 006X02.CenterLeft,B & W

Date: 2008-06-26

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ead of Retail Banking joinsBC - Egyp t

New ATM Sign in Mohandessein

Mohandessein has installed a newATM sign for its branch, informing our

clients that there is 24 hour availablecash. The Branch has also beenundergoing some renovations for theoutside sign and logo ensuring asalways, that ABC maintans its promi-nant image and reputation.

We are pleased to announce that Mr.Alaa Nosseir joined us effective todayJune 22nd, 2008 as First Vice Presi-dent - Credit & Risk Head, reporting tothe CEO& MD.

About M r. NosseirMr. Nosseir started his banking careersince 1982 as he worked for severalinternational banks in Egypt and Gulfcountries, 24 years of his experiencewas devoted to the Credit and Riskarea. His last position in Arab Bankwas Sector Head at the Central Creditand Risk division and member of theregional credit committee.

Besides working in the banking fieldhe worked as a part-time lecturer atthe American University in Cairo (till2005) and currently with the EgyptianBanking Institute teaching severalcourses related to the field of creditand risk. He is a certified lender busi-ness banker from the Institute ofCertified Bankers (ICB) and TheAmerican Bankers Association (ABA);

also he is a member of the U.K. RoyalChartered Institute of Bankers.We wish Mr. Nosseir all success in hisnew mission and trust that you willoffer him your utmost cooperationand support.

We are pleased to announce that Mr.afleh Rafael Ajram joined us effectiveoday May 4th, 2008 as Head of Retailanking, reporting to the CEO& MD.

Mr. Ajram will be responsible of theollowing divisions which will beeporting directly to him: Retail Opera-

ons, Retail Branch Network, Retailroducts, Personal Banking and Mar-eting Support.

bout M r. AjramMr. Ajrams prior experience is markedy consistent achievements androfessional development. Mr. Ajramraduated from The American Univer-ty in Beirut in Business Administra-on and a Masters degree in Money

nd Bankingn 1990, he started his career inacific Microlab Computer Centers -nformation Technology Company in

Melbourne Australia as a Sales &Marketing Manager. In 1991 he wasromoted to a State Business Man-ger. During that period he accom-lished the course-work of a Postraduate study: Doctoral Program in

Finance in 1993.Mr. Ajrams Retail experience andproved success record in the Con-sumer Banking and Business Develop-ment, will enable him to lead thisarea, delivering the best-in-classexperience for Arab Banking Corpora-tion valued customers.We wish Mr. Ajram all success in hisnew mission and trust that you will

offer him your utmost cooperation andsupport.

ABCEgypt

ABC - Egypt In The News

FVP-Credit & Risk Group Head

joins ABC - Egypt

FVP-Retail Banking Group Head

joins ABC - Egypt

Announcments

ABC- News


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In Compiance Complience Focus

A Term in Compliance

Bankrupt. A person, firm, orcorporation that, through a courtproceeding, is relieved from thepayment of all debts after the

surrender of all assets to a court-appointed trustee.

Charge Card. A charge cardworks in a similar way to a creditcard and allows its holder to pay forgoods and services on credit. Themain difference from a credit card isthat the balance on a charge cardhas to be paid off in full each month

Goodwill. An intangible asset thatexists when a business is valued atmore than the fair market value ofits net assets, usually due to strate-gic location, reputation, goodcustomer relations.

Joint and Several Liability.When two or more people agree totake on the same obligation (such asa loan), they may each be respon-

sible for a certain portion of theobligation or they may each beresponsible for the entire obligation.When the contract states that liabil-ity is "joint and several", it meansthat all parties together are respon-sible for the obligation ("joint") butalso that each party individually isresponsible for the entire obligationon their own ("several"). The credi-tor may take legal action against allof them or just one for the debt.

Leading Banker Speaks On Electronic Banking andRisk M itigants in Bahrain

The constant development ofelectronic banking and electronicmoney contribute to improving theefficiency of the banking andpayment system. However, banksshould adopt methods for identify-ng, assessing, managing andcontrolling the risks related to elec-

ronic banking and electronicmoney", said Hany Abou-El-Fotouh, ABC Bank Egypt FirstVice President.Abou-El-Fotouh was speaking at

Remote Banking Fraud Manage-ment Forum in Bahrain under theitle of "The fight against fraud

crime and money laundering issuesn electronic payments. He saidhat banks have used electronic

channels for years to communicateand transact business. With theadvent of the Internet, banks arencreasingly using e-banking ornternet banking to deliver their

products and services to theircustomers. The open and auto-mated nature of the Internet

means that neither geography nortime may create major barriersbetween banks and their e-bankingcustomers. The common deliverychannels include "closed" and"open" networks. "Closednetworks" restrict access to partici-pants bound by agreements on theterms of membership. "Opennetworks" have no such member-

ship requirements.Currently, bankse-banking servicesthrough point of saleterminals, automaticteller machines, tele-phones, personal com-

puters, smart cards and otherdevices.Explaining the term electronicmoney, Abou-El-Fotouh said "Elec-tronic money refers to "storedvalue" or prepaid payment meth-ods for executing payments usingpoint of sale terminals, directtransfers between two devices, orover the Internet. Stored valueproducts include "hardware" or"card-based" mechanisms (alsocalled "electronic purses"), and

"software" or "network-based"mechanisms (also called "digitalcash"). Banks may participate inelectronic money schemes as issu-ers, or distributors of electronicmoney issued by other entities;redeeming the proceeds of elec-tronic money transactions for mer-chants; handling the processing,clearing, and settlement of elec-tronic money transactions; and

maintaining records of transac-tions.

Abou-El-Fotouh concluded bysaying "we are becoming increas-ingly sophisticated in how weapply measures to combat interna-tional security threats of fraud inelectronic banking. This new erarequires that financial institutionsand regulators search for threatsto the financial system, and ensure

such threats are effectivelyisolated. Through collaboration ofkey players, we can continue tobuild strong and relatively safeelectronic banking markets".

"we are becomingincreasingly sophisti-cated in how we applymeasures to combatinternational securitythreats of fraud in elec-tronic bank ing.

his Article was taken from PressBox:ttp://www.pressbox.co.uk/detailed/Financial/Leading_Banker_Speaks_On_Electronic_Banking_and_Risk_Mitigants_in_Bahrain_192363.html

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ABC - Corporate Governance & Compliance


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Complience FocusIn Compiance

? Q & A

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ABC - Corporate Governance & Compliance

hany abou el fotouh_press quote (133)

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