Al Baraka Banking Group BSc - Company Profile
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Al Baraka Banking Group BSc (ABG) is a banking and related financial solutions provider. Cost efficiency, and product and service portfolio are some of its strengths even as its cash position could be a cause for concern. Emergence of neobanks, risk related to online identity theft and hacking, and concerns related to cryptocurrencies may impact the bank’s performance. However, short-term economic outlook in the US, growing wealth management prospects in the US and the emergence of FinTech may provide ample growth opportunities to the bank.
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