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Bahraini bank to add over 100 branches in Pakistan
(MENAFN) Bahrain-based Ithmaar Bank was revealed to be opening over 100 branches in Pakistan by its subsidiary Faysal Bank.
Ithmaar Deputy Chief Executive Abdul Hakeem al-Mutawa confirmed the bank owns 66% of Faysal Bank, with an expansion that will help in achieving further profit.
During an interview, the chief executive declared "we are planning to be over 500 branches this coming year and are aggressive in this."
He continued "banking penetration is around less than 20 percent in Pakistan, so there are good opportunities to grow."
Ithmaar Deputy Chief Executive Abdul Hakeem al-Mutawa confirmed the bank owns 66% of Faysal Bank, with an expansion that will help in achieving further profit.
During an interview, the chief executive declared "we are planning to be over 500 branches this coming year and are aggressive in this."
He continued "banking penetration is around less than 20 percent in Pakistan, so there are good opportunities to grow."
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