The Bank of Alexandria (AlexBank) announced on Monday in Amman the signature of a partnership agreement with the Jordan Post Company to facilitate the transferring of remittances to Egypt.
The agreement was signed by Jordan Post Co General Manager Khaled Deib Al-Laham and Dante Campioni, managing director and CEO of AlexBank, and witnessed by Jordanian Minister of Communications and Information Technology and Public Sector Development Majd Shweikeh and Tareq Adel, the Egyptian ambassador to Jordan.
Moreover, the agreement aims to facilitate remittance services for Egyptians living in Jordan, by allowing them to also rely on the Jordan Post’s network, comprised of 300 branches spread across the country. The agreement will also enable potential new receivers to utilise AlexBank’s banking services offered through its network of more than 170 branches spread across Egypt.
“The agreement aims to increase the quality of the support offered by AlexBank to Egyptian workers in Jordan, by expanding the network of correspondents in the country, which is already significant thanks to several collaborations already in place with the biggest Jordanian currency exchange offices, some of which started more than 20 years ago,” Campioni said.
Al-Laham said that the agreement came in line with the Jordan Post Co’s 2017-2019 strategy to provide Egyptian and Jordanian citizens with innovative solutions in instant financial services.
AlexBank aims to provide the most up-to-date payment systems and technologies, also introducing several banking products specifically designed to encourage remitters and remittance receivers to invest their savings in local and foreign currency saving schemes, which deliver returns with interest and access to many other advantages designed to meet their requirements.