Bahrain’s Islamic Bank, Al Tamweel wa Inma (BTI) Bank, which opened lately its headquarters in Casablanca, looks forward to setting 37 branches by 2022 in various cities of Mo-rocco. The BTI Bank has been launched following the partnership sealed by Al Baraka Banking Group (ABG), the leading multi-national Islamic Banking Group, headquartered in Bahrain, and the Moroccan Bank for Foreign Commerce of Africa (BMCE Bank), one of Africa’s leading international banking groups. ABG, which has subsidiaries and representative offices in 15 countries and has over 40 years of experience in participation banking, has teamed up with Moroccan BMCE Bank in this project. Chairman & CEO of Al Baraka Banking Group, Adnan Ahmed Yousif, said “We are delighted to launch our participation bank, BTI Bank in Morocco, which is the result of a strong partnership with BMCE Bank”. According to Adnan, the goal is to establish a model of cooperation between ABG and BMCE Bank, allowing the exchange of skills and setting up a unique bank in Morocco that has a promising future at the Maghreb and African levels.

Source: The North Africa Journal December 30, 2017 13:41 UTC