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|13 March, 2019

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.

People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017.

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))