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Al Baraka Bank to launch 1st electronic branch

Al Baraka Bank to launch 1st electronic branch

ArabFinance: Al Baraka Bank Egypt (SAUD) will establish the first electronic branch in New Cairo during the coming months, Vice Chairman of Al Barak Bank Ashraf al-Ghamrawi told al-Mal News website.

The bank signed with an international expert house to construct the branch, al-Ghamrawi added.

In 1980, the bank was established under the name Al-Ahram Bank, and its name was changed in 2009 to Al Baraka Bank.

The bank posted a consolidated net profit of EGP 543.679 million in the first half (H1) of 2020, an increase from EGP 537.606 posted in H1 2019.

Al Baraka Bank is an Egypt-based commercial bank and part of Al Baraka Banking Group, a Bahraini joint-stock company. The Bank is engaged in the provision of retail, corporate and investment banking solutions, in accordance with the Islamic sharia principles, through a network of 32 branches located across Egypt.

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