Mashreq bank will close 50% of its branches this year as part of digital transformation - CEO

Dubai-based lender Mashreq will close 50% of its branches this year as part of a digital transformation, its chief executive Abdulaziz al-Ghurair said

  
People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017. Image used for illustrative purpose

People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017. Image used for illustrative purpose

REUTERS/Nawied Jabarkhyl

DUBAI - Dubai-based lender Mashreq will close 50 percent of its branches this year as part of a digital transformation, its chief executive Abdulaziz al-Ghurair said on Wednesday.

(Reporting by Davide Barbuscia, Writing by Saeed Azhar; Editing by Kim Coghill) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))


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