Albaraka’s Syria Unit to Go Ahead With Expansion Amid Protests
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Albaraka Banking Group’s unit in Syria plans to open five branches this year even as a popular uprising in the Arab nation enters its 12th week.
Al Baraka Bank Syria will open a branch in the northern city of Aleppo this week, the unit’s Chief Executive Officer Mohammad Halabi said in an interview May 30. "We are continuing with our plans because we have confidence in the Syrian economy and because we believe that the current unrest is only a temporary situation," he said.