Ithmaar Bank upgrading, relocating Muharraq branch

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced yesterday that it is upgrading and relocating its Muharraq branch to a new, better and more accessible location with ample parking facilities. The new full-service branch located within the new Muharraq Central Market is expected to open in September. Ithmaar Bank General Manager, Retail Banking Group, Mohammed Janahi, said, “In preparation for the new branch, we will close the current Muharraq branch on Sunday 1 September.”

“Until the new Muharraq branch is opened, we will be pleased to serve customers at the nearby Busaiteen and Qalali branches - or at any of other 15 branches across Bahrain,” he said. “We expect to announce the opening date for the new branch soon.” The new branch maintains Ithmaar Bank’s network of 16 branches and 42 ATMs, one of the largest retail banking networks in Bahrain. Mohammed Janahi said the move underscores the Bank’s commitment to continue investing in improving its customer service offerings.

“This, in turn, demands continuous investments to improve our products and services, as well as our delivery channels, both physical and electronic,” said Janahi. “This latest branch upgrade was designed for better customer convenience and is an example of how seriously we take this commitment,” he said. “The Muharraq branch is being upgraded and relocated to help meet growing customer demand in that area,” said Janahi.

“For a large segment of our customer base, proximity is an important part of their banking experience – so we try our best to be as close to our customers as possible, especially in fast-growing or densely populated areas,” he said. Recently, Ithmaar Bank was named “Best Bank for Personal Finance in Bahrain” by the World Union of Arab Bankers (WUAB) at a high-profile ceremony hosted in Beirut, Lebanon, and attended by senior bankers from across the Middle East.

Ithmaar Bank earned the prestigious award following a comprehensive selection and review process that was conducted by a committee of high-level economists and banking professionals, as well the research department of the Union of Arab Banks (UAB) and the WUAB.