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Bahraini Islamic lender Al Baraka Group plans to increase the budget of its Egyptian unit to 100 billion Egyptian pounds ($5.6 billion) in 2020, an official said on Thursday.
The bank’s budget in Egypt currently stands at 61 billion pounds.
“We aim to reach a market share of 15 percent in Egypt in the next five years, up from 7 percent,” Al Baraka Group’s chief executive Adnan Yousif told Amwal Al Ghad.
