Tag: NBD
Finance Headlines Morocco

Morocco’s Attijariwafa Bank Acquires Barclays’ Egypt Branch

North Africa PostComments Off on Morocco’s Attijariwafa Bank Acquires Barclays’ Egypt Branch

Morocco’s Attijariwafa bank Group has officially taken over British Barclay’s Egypt branch, reports say. Attijariwafa bank Group, Morocco’s leading bank group, won the transaction after beating several global bank groups, among which Emirati NBD headquartered in Dubai. The transaction estimated at $400 million will enable the Moroccan financial institution to expand its already wide network […]
Finance Headlines Morocco

Morocco: Attijariwafa Bank Eyes Takeover of Barclays’ Egypt Branch

North Africa PostComments Off on Morocco: Attijariwafa Bank Eyes Takeover of Barclays’ Egypt Branch

Morocco’s leading banking group, Attijariwafa bank, has submitted a bid to take over British Barclay’s Egypt branch, a source close to the Moroccan institution told Reuters. The transaction has been estimated at $400 million. Barclay has decided to get rid of its Egypt’s branch as part of structural adjustment policy in a move to generate […]