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Barclays has completed the sale of its Egyptian unit to Morocco’s Attijariwafa Bank.
It will result in a reduction of about $ 2.55 B in the bank’s risk-weighted assets. Barclays says the sale will boost its core capital ratio by about 0.1 %. The UK-based bank has embarked on plans to dispose assets not deemed core to a new strategy focused on the United States and Britain.
