Egypt’s Al Baraka Bank recently announced the launch of a strategic cooperation platform with Pakistan’s Al Baraka Bank, the main objective of which is to promote commercial opportunities by improving communication between importers from both countries.
This joint initiative underscores the two financial institutions’ commitment to strengthening bilateral ties and promoting economic growth in their respective regions.
The newly established platform aims to strengthen commercial exchanges between the Egyptian and Pakistani markets. The combined expertise of Al Baraka Bank in Egypt and Al Baraka Bank in Pakistan will streamline commercial transactions within the banking systems of both countries, opening up new prospects for growth and expansion.
Hazem Hegazi, CEO and Vice Chairman of Al Baraka Bank Egypt, expressed his enthusiasm for the launch of the platform. “This cooperation platform reaffirms our ongoing efforts to drive innovation and create value for our customers,” Hegazi said. “It also underscores our unwavering commitment to position Al Baraka Bank Egypt as a trusted financial partner.”
Moreover, cooperation between Egypt and Pakistan’s Al Baraka Bank reflects their shared focus on sustainable growth leveraging digital development and strategic partnership.
Notably, this initiative follows the establishment of a similar cooperation platform between Al Baraka Bank Pakistan and Al Baraka Bank South Africa in September last year.Furthermore, there are plans to expand this model to all Al Baraka Bank Group branches across 13 countries, further facilitating communication between Al Baraka Bank customers across the world.
