BAR­CLAYS

Business monthly (Egypt) - - MEMBER NEWS -

Bri­tish bank­ing chain Bar­clays is sell­ing its Egyp­tian re­tail and cor­po­rate bank­ing branch to Morocco.s state-owned At­ti­jari­wafa Bank for an undis­closed amount. The sale of the bank, which has ap­prox­i­mately 1,500 em­ploy­ees and 56 branches, is ex­pected to hap­pen by the end of the year. It is part of Bar­clay.s larger strat­egy to exit the African con­ti­nent.

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