Khaleeji Commercial Bank (KHCB), a leading Bahrain-based Islamic retail and investment bank, opened its new branch in Sanad in Bahrain.

"The opening of the new branch of Khaleeji Commercial Bank is part of the bank's new strategy which aims at creating a business model to expand the outreach and scope of commercial banking services provided by the bank by opening additional commercial branches in different locations of Bahrain,” said Dr Fuad Abdulla Al Omar, chairman of the board of directors.

“The new branch is considered an important step towards enhancing KHCB's channels of communications with its customers and clients, which include, in addition to expanding the scope of its commercial branches, benefiting from the new changes occurring on the market and the available growth opportunities, particularly in retail and corporate banking services,” he added.

Ebrahim Hussain Ebrahim, chief executive officer and member of the board of directors, said: "This branch is the first branch to be opened this year, with two more branches to be opened soon, on Budaiya Highway and in Muharraq.”

“KHCB will provide all retail commercial services through its new branch, which will include savings accounts, including Al Wafer Savings Account, current accounts and various retail and corporate financing products.”

“The opening of this branch also coincides with the launch by KHCB of a distinguished array of banking services which include Visa credit card, auto finance, personal finance and property finance,” he concluded. – TradeArabia News Service