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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 Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metro ...
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Alexandria Alexandria ( or ; ar, ٱلْإِسْكَنْدَرِيَّةُ ; grc-gre, Αλεξάνδρεια, Alexándria) is the second largest city in Egypt, and the largest city on the Mediterranean coast. Founded in by Alexander the Great, Alexandria ...
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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 ...
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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 wa ...
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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 o ...
and
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 c ...
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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 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 capita ...
. In 2001, 2003 and 2005, ''
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, Brend ...
'' magazine named it "Bank of the Year" in Egypt.


See also

* HSBC Bank Middle East Limited *
HSBC Holdings plc 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 tril ...


External links


HSBC Bank Egypt website
{{DEFAULTSORT:Hsbc Bank Egypt
Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...
Banks of Egypt Banks established in 1982 Companies based in Cairo Egyptian companies established in 1982