HSBC Bank Egypt

HSBC Bank Egypt SAE is a multinational bank in Egypt, providing a wide range of banking and related financial services through a network of 100 branches and 20 mini bank units in Cairo, Alexandria, Sharm El Sheikh, Hurghada and 6th of October City.

This article is about the bank in Egypt. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank.
HSBC Bank Egypt S.A.E.
TypeSubsidiary
IndustryBanking
Founded1982
HeadquartersCairo, Egypt
Key people
Mohammad Al-Tuwaijri (Chairman) Jacques-Emmanuel Blanchet (Deputy Chairman and CEO)
ProductsFinancial services
ParentHSBC Holdings plc
Websitewww.hsbc.com.eg

History

HSBC Bank Egypt was established in 1982 as Hongkong Egyptian Bank with 40% HSBC ownership. In January 1994, the bank was renamed Egyptian British Bank under the same shareholding structure. The bank took the name HSBC Bank Egypt in April 2001 following an increase in shareholding by the HSBC Group's from 40% to 94.5% of its issued share capital.

In 2001, 2003 and 2005, The Banker magazine named it "Bank of the Year" in Egypt.

See also
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