IBAG Reinforces Its Market Leadership in Egypt with the Opening of a New Remaya Branch, Bringing Its Total Network to 176 Branches

As part of its 2026 strategy, IBAG the leading international money transfer company in Egypt, announced the opening of its new branch in Remaya area in Giza, bringing its total number of branches nationwide to 176. This milestone reflects the company’s commitment to expanding its network and brining its services closer to customers across Egypt, while further solidifying its position as a leading provider of financial services in the Egyptian market.

With this latest opening, IBAG’s network now includes 39 standalone branches in addition to 137 locations operating within branches of the National Bank of Egypt (NBE), Banque Misr, and Banque du Caire.

The new branch inauguration comes as part of a carefully structured expansion strategy aimed at supporting the company’s presence across more geographic areas, enhancing its ability to serve a broader customer base and deliver integrated financial services with greater efficiency. The Remaya branch represents a strategic addition to the company’s network, improving access to financial services and elevating customer experience through enhanced service quality, in line with best operational practices and institutional performance standards.

Dr. Moustapha Sarhank, Executive Chairman of IBAG, stated: “The opening of the Remaya branch marks another strategic step in the company’s accelerated growth journey. It also underscores our alignment with the state’s financial inclusion agenda by providing reliable and accessible financial solutions to broader segments of society, in turn integrating them into the formal financial system.”

Abd Allah Al Sada, Chief Executive Officer of IBAG, commented: “Reaching 176 branches nationwide reflects our dedication to executing a clear expansion vision built on well-planned geographic growth and strengthening our competitive position in the money transfer and financial services sector. We are focused on a long-term strategy to achieve sustainable growth driven by operational efficiency and maximizing value for our clients.”

The new branch opening reflects IBAG’s continued efforts to reinforce its position as a leading financial services provider, while confidently advancing toward achieving its 2026 objectives and further reinforcing its contribution to supporting economic activity and serving customers more efficiently.

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International Business Associates Group for Money Transfer Services, S.A.E. (IBAG) was established in 1995, and the leading international money transfer company in Egypt.

IBAG has been keen since its inception, to ensure that its business has an effective impact to serve the Egyptian economy through money transfer services and specialized remittance solutions. IBAG provides a reliable, fast, and secure network of services through 39 strategically located branches throughout Egypt, in addition to 137 branches between the National Bank of Egypt, Banque Misr and Banque du Caire.

The Board of Directors of International Business Associates Group for Money Transfer Services, S.A.E. (IBAG) is considered a fundamental pillar in the company’s competitiveness and go-to-market approach under the leadership of Dr. Moustapha Sarhank IBAG’s Executive Chairman, and Mr. Abd Allah El Sada the Chief Executive Officer, armed and complemented with a best-of-breed executive body renowned with its deep  inter-disciplinary knowledge and blessed with a long and diversified experience in the financial sector.

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