Bahrain-Based Ithmaar Bank Opens New Branch

Ithmaar Bank, a Bahrain-based Islamic retail bank that owns and operates the largest Islamic retail banking network in the Kingdom, on 21 November inaugurated a new branch in Arad.

It is the second full-service, digitally-focused branch to be inaugurated by Ithmaar Bank in the past two months, and underscores the Bank’s ongoing commitment to enhancing its Islamic banking offering and growing closer to its customers. The new branches – the new Main Branch in Seef Mall and the new Arad Branch - both feature sophisticated, cutting-edge technology, including sophisticated self-service banking machines, next-generation Automated Teller Machines (ATM) and other exciting new branch automation and customer service solutions.

The new Ithmaar Bank Arad branch, located next to the Muharraq Club Fuel Station, effectively moves the Bank’s previous branch nearby to a better, more accessible location with ample parking for customers.

The new Arad Branch was inaugurated by Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim, in the presence of Deputy Chief Executive Officer, Abdul Hakeem Al Mutawa, General Manager - Retail Banking Group, Mohammed Janahi, and General Manager - Information Technology and Banking Operations, Yusuf Alkhan, in addition to a number of Bank officials and branch customers.

The new Arad branch is the latest demonstration of Ithmaar Bank’s digital transformation, and includes the provision of next-generation ATMs and other new digital solutions – particularly the Self-Service Banking machine which automates various services, including instant printing of account statements and certificates, updating customer information, and instant printing of card statements. In December, the machine will also offer additional services, including instantly issuing Debit and eCards.