By: Amr Adel
Dubai - Mubasher: Mashreq Bank’s CEO, Abdulla Al Ghurair, said Monday that the bank has no interest in buying Barclays assets in Egypt.
“Reports about the bank’s plans to compete for the purchase of these assets are inaccurate as it wasn’t involved in any negotiations on any potential offer,” Al Ghurair told Mubasher on the sidelines of an event in Dubai.
The UK-based Barclays earlier announced its intentions to sell its business in Egypt, in addition to other branches in Africa and Europe.
“Mashreq Bank is now focusing on expansion in the Egyptian market through its unit in the country,” the CEO added.
Translated by: Elwy el-Manzalawy
