Attijariwafa Bank, Expolink sign MoU to boost Egypt’s exports to Africa
The Attijariwafa Bank group signed a Memorandum of Understanding (MoU) with the Egyptian Exporters Association (Expolink) to cooperate in boosting Egypt’s exports to Africa.
Under the agreement, Attijariwafa Bank will offer competitive financial and banking services, through its branches in Egypt and other countries, to meet the demands of Egyptian investors affiliated with Expolink.
The bank will also cooperate with Expolink to provide market analysis to help the association’s companies and investors.
The bank will further offer opportunities for Expolink members to participate in the eighth Africa Development Forum, which will be held in Morocco in October 2018.
Expolink and Attijariwafa Bank will work closely on establishing joint projects between Egyptian and Moroccan investors as well as exploring investment opportunities in the countries where the bank is operating.
The Moroccan Attijariwafa Bank Group opened in Egypt in November 2017 under the brand name “Attijariwafa bank Egypt”, following the bank’s acquisition of Barclays Bank Egypt’s shares.
Attijariwafa bank is a leading banking and financial Group in Africa established in 1904. The bank provides a diversity of services, which includes global retail service, corporate banking, and investment banking, in addition to providing specialized financial and insurance services.
The group operates in 26 countries with 4090 branches, in addition to having more than 19,400 employees managing a portfolio of nearly 8.8 million customers.
In December 2017, Attijariwafa Bank signed a MoU with the African Export and Import Bank (Afreximbank) to boost trade exchange between Egypt and Africa. The agreement allows more cooperation between the two banks and enhancing trade between African countries.