|
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, Borg El Arab and 6th of October City. 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 * HSBC Bank Middle East Limited *HSBC Holdings plc External links HSBC Bank Egypt website {{DEFAULTSORT:Hsbc Bank Egypt Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a List of transcontinental countries, transcontinental country spanning th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurghada
Hurghada (; ar, الغردقة ', ) is a city in the Red Sea Governorate of Egypt. It is one of the country's main tourist centres located on the Red Sea coast. Overview Hurghada was founded in the early 20th century. For many decades it was a small fishing village, but it has grown into a major Red Sea resort as a result of Egyptian and foreign investment that began in the 1980s. Holiday resorts and hotels provide facilities for windsurfing, kitesurfing, yachting, scuba diving and snorkeling. The city is known for its watersports, nightlife and warm weather. Daytime temperatures are around most of the year, and during July and August temperatures can reach over . Hurghada is a popular holiday destination for Europeans, especially during the winter, and some spend Christmas and New Year there. Tourist numbers from Russia dropped significantly after the Metrojet Flight 9268 plane crash in November 2015. Hurghada extends for about along the coast, but does not reach far into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1982
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Egypt
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC Subsidiaries
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC Bank Middle East
HSBC Bank Middle East Limited is the largest and most widely represented international bank in the Middle East. History The Imperial Bank of Persia (Persian: بانک شاهنشاهی ایران; Bank-e Šâhanšâhi-ye Irân) was a British bank that operated as the state bank and bank of issue in Iran (formerly known as Persia until 1935) between 1889 and 1929. It was established in 1889 with a concession from the Persian government to Baron Julius De Reuter (born Israel Beer Josaphat), a German Jewish banker and businessman who later became a Christian and a British subject. The bank was the first modern bank in Iran and introduced European banking ideas to a country in which they were previously unknown. The legal centre of the bank was in London and whilst it was subject to British law, its activities were based in Tehran. It also had operations in other Middle Eastern countries. In 1952, the bank abandoned the Iranian market and it was later renamed British Bank of the Mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Banker
''The Banker'' is an English-language monthly international financial affairs publication owned by ''The Financial Times'' Ltd. and edited in London, United Kingdom. The magazine was first published in January 1926 through founding Editor, Brendan Bracken of the ''Financial News'', who went on to become the chairman of the ''Financial Times'' from 1945-1958. Since its founding, the magazine has claimed a dedication to the international perspective through features, interviews, multi-media applications, and events. ''The Banker'' is the world’s premier banking and finance resource, read in over 120 countries and is the key source of data and analysis for the industry. It combines in-depth regional and country coverage with reports on global financial markets, regulation and policy, cash management and securities services, commodities and carbon finance, infrastructure and project finance, trading and technology, clearing and settlement, and management and governance issues. ''T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Share Capital
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or part- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
6th Of October City
6th of October ( ar, السادس من أكتوبر, Al Sādis Min Uktōber; arz, ستة اكتوبر, Setta Oktōbar) is a city in Giza Governorate, a satellite town and part of the urban area of Cairo, Egypt, 32 km (20 miles) outside the city."To Catch Cairo Overflow, 2 Megacities Rise in Sand" article by Thanassis Cambanis in '''' August 24, 2010. Retrieved August 25, 2010. It has a population ranging between some 185,000 in the city to an estimated 500,000 inhabitants in the wider area. 6th of October was the capital of the now defunct |
Borg El Arab
Borg el-Arab ( ar, برج العرب, lit=the Arabic tower) is an industrial city in the governorate of Alexandria, Egypt. It is located about 52 kilometers south-west of Alexandria and some seven kilometers from the Mediterranean coast. North of Borg El Arab is the King Maryut resort and Lake Maryut. South of Borg El Arab is New Borg El Arab City. The city has an airport, Borg El Arab Airport, that serves nearly 250,000 passengers every year. Borg El Arab is widely considered an extension of the city of Alexandria. On 23 April 1973 Egyptian President Anwar Sadat met with Syrian president Hafez al-Assad at the presidential resort in Borg El Arab for two days of detailed discussions in preparation for the joint offensive on Israel which launched the Yom Kippur War. President Hosni Mubarak performed the formal inauguration of the city in November 1988. The city is home for the biggest football stadium in Egypt Borg El Arab stadium See also *New Borg El Arab New Borg El Arab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharm El Sheikh
Sharm El Sheikh ( ar, شرم الشيخ, ), commonly abbreviated to Sharm, is an Egyptian city on the southern tip of the Sinai Peninsula, in South Sinai Governorate, on the coastal strip along the Red Sea. Its population is approximately 53,670 . Sharm El Sheikh is the administrative hub of Egypt's South Sinai Governorate, which includes the smaller coastal towns of Dahab and Nuweiba as well as the mountainous interior, Saint Catherine, Egypt, St. Catherine and Mount Sinai. The city and holiday resort is a significant centre for tourism in Egypt, while also attracting many Conference#Conferences topics, international conferences and diplomatic meetings. Name Sharm El Sheikh ("bay of the wise") is also known as the "''City of Peace''"; Egyptian Arabic: "''Madinet Es-Salam''", referring to the large number of Conference, International Peace Conferences that have been held there. Amongst Egyptians and also many visitors, the name of the city is commonly shortened to "Sharm" (), whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
