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Al Baraka Bank of Egypt announced that it had reserved a plot of 10 thousand meters for the establishment of a main center for an estimated cost of £ 800 million
.
The bank noted that the main branch of the fifth badembly was gradually opened.
It should be mentioned that the financial supervision announced late January, that the Al Baraka Bank of Egypt has submitted the capital increase declaration form From 1.2 billion pounds sterling to 1.39 billion pounds, through free shares.
The bank's financial statements showed In 2017, Egypt's profits increased by 41.5% due to earnings growth in Murabaha of 725.25 million EGP during for the year ending in December 2017, compared to 512.4 million EGP in 2016.
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