Al Baraka Bank of Egypt Eyes To Inaugurate The 30th Branch This Week

Al Baraka Bank of Egypt is planning to inaugurate a new branch in Nasr City within this week , it is the branch number 30th.

Ashraf El Ghamrawy, CEO & Deputy Chairman of Al Baraka Bank Egypt, said the new branch will offer all the banking system services which the bank provides for its customers and That is compatible with the provisions of Islamic Sharia.

El Ghamrawy has added that his bank is aiming to open 3 new branches within during 2013 in New Maadi, Abbasiya and El Zamalek.

The bank has deposits portfolio worth EGP 14.8 billion in June 2013, jumping EGP 200 million record   during the first 6 months from the current year.

The financial statements have revealed that El Murabaha, speculations and posts portfolio of the customers boosted around EGP 110 million to reach  EGP 6.94 billion by June-end compared to EGP 6.83 billion in December 2012.

The bank has achieved 17% profits within the first 6 months of 2013 move up to EGP 79.3 million in June 2013 compared to EGP 67.8 million in 2012.