He founded Fransabank El Djazair in Algeria, currently the only Lebanese bank in that country, as well as founding Fransabank's investment arm, Fransa Invest Bank.[citation needed] During his time as General Manager, the bank has also grown its network of outlets to 107 branches strategically sited across the country. 2010 saw the bank achieve a record performance with profits up by almost 40%, and this at a time when many banks across the world were struggling to succeed.[citation needed] The bank's ratio of capital reserves were also maintained though this difficult period at a healthy 12%, protecting the bank from sudden worldwide fluctuations in economic and financial activity.[3]