Barclays officially becomes Attijariwafa Bank

Fifty-five former Barclays outlets in Egypt were rebranded to Attijariwafa Bank Egypt as of 3 November,the Moroccan lender announced in a statement (pdf). Attijariwafa had bought Barclays Egypt’s operations last year in a USD 400-500 mn transaction. The bank plans to commence a five-year strategy that should see it grow to capture a greater share of Egypt’s banking sector, which also serves its larger goals for regional and international expansion.