Abdul Aziz Al Ghurair, the CEO of Mashreq Bank

Technology

Mashreq Bank to close 50 per cent of its branches this year

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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.

TAGS : Mashreq Bank , Abdul Aziz Al Ghurair

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