BEC Reaches 40th Branch Milestone

Its new branch in Murgab is now open for business.

Bahrain Exchange Company W.L.L. (BEC), one of Kuwait’s leading worldwide money transfer and foreign exchange companies, today announced the expansion of its retail network with the opening of its 40th branch, located in Murgab.

The opening of the new Murgab branch, BEC’s 3rd outlet in the area, represents a key milestone for BEC, who have increased their network in Kuwait by 14% in the past 18 months. The new Murgab branch is situated near the Al Ghannam Complex on Al Hilal Street and will be open from 9am to 9pm every day, offering highly competitive rates on currency exchange and BEC’s full suite of money transfer services including cash pick-up and credit to account through EzRemit and MoneyGram.

To mark the milestone opening, BEC gave away 500 gifts to the first 500 customers who transacted at the branch. Commenting on the milestone celebration and the inauguration of the branch Mr. Mathews Varghese, General Manager of BEC said, “I am honored to official declare our 40th branch is now open for business. This is a great landmark for BEC and we are very proud of the extensive branch network we have built across Kuwait. As part of our growth strategy we endeavor to expand our network even further in the coming months, opening additional conveniently located branches across the country to accommodate the needs of our loyal customers.”

BEC currently has 40 branches conveniently located all across Kuwait and specializes in sending money around the globe safely and quickly to over 46,000 locations in 30 countries through its own money transfer product – EzRemit.  Its global reach is extended to over 200 countries through its partnership with MoneyGram an international remittance company.