A new cooperation agreement between Al Baraka Syrian Bank and Alpha Capital for Financial Services.
Al Baraka Syrian Bank and Alpha Capital for Financial Services announced the signing of a strategic cooperation agreement in the field of financial services.
Mr. Mohamed Halabi, Chief Executive Officer of Al Baraka Bank, stated: this agreement represents a new challenge in the financial sector given the services and advantages it will provide to investors.
He added: Al Baraka Syrian Bank participation in the e-trading project was part of the bank's strategic plan to implement digital transformation in financial services and products provided by us to customers.
Alpha Board Member, Mr. Issa Al Chami, stressed that the management saw the importance of using the application for investors in Al Baraka Bank because this technology is now contributing to providing investment opportunities in the Damascus Securities Market through this service which represents a qualitative shift in the trading process due to the characteristics and qualities it enjoys and the simplicity of dealing that investors will experience while using the application.
We view this agreement with Al Baraka Bank as a turning point in the Syrian e-trading sector given the bank's knowledge-based and practical competencies in the banking sector since we believe that the Market is prepared, and the demand for e-trading is increasing.
The agreement allows customers to benefit from:
- The possibility of transferring any amount of money from their Al Baraka account to their Alpha Capital one, immediately and electronically.
- Being able to open an Alpha Capital account in any Al Baraka Bank branch in any governorate.
