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ALEXBANK and GAFI strengthen ties through a new Protocol of Cooperation

Cairo, March 6th, 2017 –As part of a fruitful cooperation between ALEXBANK and the General Authority for Investment and Free Zones (GAFI) to improve the investment climate in Egypt; H.E, Dr. Sahar Nasr, Minister of Investment and International Cooperation, witnessed the signing ceremony of a protocol between the two parties. The protocol aims at implementing electronic data’s exchange, to facilitate enterprises’ incorporation and post-incorporation activities, migrate to electronic payment collection systems, as well as strengthening the efficacy and efficiency of the one-stop shop’s concept, facilitating and simplifying the incorporation process .

Dante Campioni, Managing Director and CEO of ALEXBANK, said: “We welcome the opportunity to step up the level of cooperation with GAFI towards new standards, totally sharing the aim to deliver better and more efficient services to investors and enterprises. The attraction of investments and creation of new job opportunities in Egypt is a common objective and ALEXBANK is glad to extend its full support to this GAFI’s strategic objective".

Mohamed Khodeir, Chief Executive Officer of GAFI, said "The protocol includes the provision of various services via GAFI’s e-portal, also providing e-payments throughout all the available e-channels, as part of the fruitful cooperation between GAFI and participating parties including ALEXBANK, in an effort to overcome all obstacles possibly facing investors".

ALEXBANK upgraded last month its presence at GAFI ‘s one stop shop space to better receive customer applications and guiding them through the procedures required by the incorporation process to reduce the time required to obtain the certificate of incorporation.

ALEXBANK provides enterprises with numerous services through its branch at GAFI, including its exclusive and newly launched “ALEXBANK Business Passport” (www.alexbankpassport.com),a comprehensive package of non-financial Value Added Services (VAS) offered in addition to the traditional banking products.

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