As part of the Arab Day for Financial Inclusion celebrations, held from April 1 to April 30, Al Baraka Bank Egypt has signed a Memorandum of Understanding (MoU) with Delta University for Science and Technology in Dakahlia Governorate. The partnership reflects the Bank’s commitment to promoting financial inclusion and empowering young people across Egypt.
Under this agreement, Al Baraka Bank Egypt has launched a series of activities on the university campus, including interactive events that introduced students to the Bank’s services and directly engaged over 9,500 students. Building on this momentum, the Bank will organize a series of awareness seminars throughout the year, focusing on key financial inclusion themes such as Arab Day, Youth, Farmers, Women, Savings, and People of Determination. These sessions aim to enhance financial literacy among students, helping them make informed financial decisions that support their economic independence and future success.
In conjunction with these events, Al Baraka Bank Egypt will offer exclusive service packages, including youth savings accounts (Start), economic activity accounts (Sana’a), and simplified accounts (Kol El Nas), all available with no minimum balance requirements. New clients will also benefit from waived account opening fees and debit card issuance fees during the first year.
Beyond seminars and services, the initiative includes practical training programs for outstanding students, allowing them to gain real-world experience across the Bank’s branches. Additionally, Al Baraka Bank Egypt is driving internal financial awareness by hosting educational sessions for support staff at its headquarters, aimed at reducing financial illiteracy, encouraging account openings, and promoting benefits such as cashback programs.
Speaking on the occasion, Mr. Abdelaziz Samir, Deputy CEO for Consumer Banking at Al Baraka Bank Egypt, said: “At Al Baraka Bank Egypt, we believe that fostering financial literacy and empowering individuals, especially youth, is key to unlocking emerging economic opportunities in our society. Our partnership with Delta University marks a pivotal step towards sustainable development. We view these initiatives not merely as celebratory events but as true platforms to help youth engage with the financial system, build essential banking skills, and actively participate in Egypt’s economic future. We reaffirm our deep commitment to expanding financial inclusion and supporting every initiative that empowers the next generation.”
This collaboration aligns with Al Baraka Bank Egypt’s broader strategy to increase youth integration into the financial system, reinforcing its role as a socially responsible institution. The Bank’s recent launch of a dedicated youth account further underscores its vision of offering flexible, innovative solutions to help young individuals embark on their financial journeys confidently.
