Al Baraka Bank Egypt confirms its intent to launch digital bank
Al Baraka Bank Egypt is establishing a digital bank, as it decided to increase the capital to EGP 5 billion through 3 years abiding by the Central Bank of Egypt's (CBE) new act. The bank injected EGP 1.7 billion joint funding to the national projects aiming to reach EGP 5 billion in 2023, as well as it will provide in principles 100 Automated Teller Machines (ATM), targeting to reach 200 ATMs during the upcoming period.
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