In a special interview last week, Daily News Egypt asked El-Kettani about his hopes for what the bank can achieve in Egypt after acquiring Barclays Egypt. He added that the group aims to consolidate the gains made by Barclays Egypt as a private bank for high-income clients. During this phase, the brand will be changed from Barclays Egypt to Attijariwafa Bank to take advantage of this widespread brand in Africa. The Egyptian Exchange (EGX) had announced executing a deal of selling 9,951,000 shares of Barclays Bank of Egypt to Attijariwafa Bank for $494.997m. Barclays Bank in Egypt has experience of over 150 years, with 56 branches across the republic, next to 72 ATMs.

Source: Daily News Egypt May 14, 2017 08:03 UTC