Abdul Aziz Al Ghurair, the CEO of Mashreq Bank
Mashreq Bank’s branch closures and digitisation is not expected to result in massive lay-offs.
Wednesday 13, March 2019 BY KUDAKWASHE MUZORIWA
Abdulaziz al-Ghurair, the Chief Executive Officer of Mashreq has announced that the bank will close 50 per cent of its branches this year as part of a digital transformation, reported Reuters.
The lender will reduce its traditional branch network while some of the branches will be transformed into digital branches, Al Ghurair said.