Governor of PMA Inaugurates Housing Bank Regional Management Head-Office Building and Al Masyoon Branch

Dr. Jihad Al Wazir, Governor of PMA, inaugurated the new Housing Bank regional head-office building and Al Masyoon Branch in Ramallah - Palestine. In addition to regional management, the ceremony was attended by Dr. Laila Ghannam, Governor of Al Bireh and Ramallah and a large number of businessmen and official and public figures. .

The event marks a step in the Bank’s persistent and continuous efforts to expand in Palestine so as to promote the bank’s regional financial and banking standing. This complies with the bank strategy seeking to offer additional banking services and products to both current and potential customers in order to meet their needs and expectations.

Mr. Mohammad Barghouti, Regional Manager for Bank branches in Palestine, said that the inauguration of regional head-office and Al Masyoon branch is the result of mutual cooperation in which, the foremost figure of Palestinian banking, the Governor of the PMA, played the role of support and guidance. Barghouti noted that the opening of new branches in Palestine reflects the bank management current direction aiming at expansion of its services across Palestine in service to Palestinian economy. He emphasized the bank’s steady pursuit to reinforce its presence in all Palestinian provinces and villages in order to provide access to banking services in all locations.

In his opening speech, Dr. Al Wazir congratulated the Housing Bank on the opening of its new branch and the new building of its regional management head-offices. He stressed the importance of the branching policy and its role in bringing banking services to all areas and facilitating thereby the access to financing sources and the development of small enterprises. Al Wazir also pointed to the significance of opening more branches to provide job opportunities to graduates in the banking sector, which took up 5353 employees so far.

Al Wazir pointed out that the Palestinian Deposit Insurance Corporation has commenced its operations to insure bank customer deposits in Palestine up to a ceiling of $10,000. He confirmed that the launch of this corporation timely concurs with the growth and development of the banking system reflected in deposits volume and net assets as well as the number of branches which comes to 245 branches.  

Dr. Ghannam stressed the significance of supporting investment at home, considering the private sector as the Palestinian Authority’s right hand and noting the need to promote its economic role in order enhance resistance to resist external political pressures. She pointed out that the existence of such a remarkable economic establishment in Palestine was evidence of investor confidence in the state of security and safety advocated by His Excellency President Mahmoud Abbas.

It is worth mentioning that the Masyoon branch is the 13^th Housing Bank branch in Palestine, preceded by other branches in Ramallah, Nablus, Hebron, Gaza, Birzeit, Halhoul, Jenin, Bethlehem, Khan Younis, Al Thahreyya, Yatta and Turmus Ayya, which complies to the Bank strategy of reaching customers in all locations to offer its highly efficient banking services and products in a manner that meets their needs and the level of their expectations.

Also worth mentioning is that the Housing Bank for Trade and Finance, which has its main headquarters in Jordan, has the largest network of branches in the Kingdom numbering 120 branches and the largest ATM network of 202 machines. Additionally, it has representative offices in many Arab countries including Libya, Iraq, United Arab Emirates and subsidiary banks in Syria and Algeria as well as subsidiaries in Jordan specialized in leasing and financial brokerage in the Stock Exchange.