Barclays Bank is currently seeking new investments for the recently launched savings plan introduced in its four Egyptian branches. Under the three-year plan, investments of at least 5,000 Egyptian pounds ($1,173) are being sought, with interest incentives and yearly bonuses on these funds.
Garry Marsh, retail director of the bank stated that the plan aims to introduce new products and services locally, noting that retail banking had significant growth potential in Egypt. He added a “Prestige Banking Center” would soon open in Maadi to lure wealthy costumers.
The Cairo branch of Barclays Bank was established 25 years ago as a joint venture between Banque du Caire and the British Barclays Bank PLC. — (Mena Report)
© 2001 Mena Report (www.menareport.com)
