Al Baraka To Move All Departments To El-Tagamu El-Khames In 2014

Al Baraka Bank of Egypt targets to move all departments to the new headquarters in El-Tagamu El-Khames (fifth settlement) in New Cairo by 2014.

Ashraf El-Ghamrawy, CEO of the bank, said the investment cost of establishing the new headquarters and a new branch inside it is EGP 500 million.

Al Baraka Banking Group is confident in the Egyptian economy and has a plan to expand in the Egyptian market in the upcoming period, he added.

The bank plans to launch seven new branches in 2013 in Heliopolis, Zamalek, Abbassia, New Maadi and Manial.