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Emirates NBD Egypt headquarters building in New Cairo, Egypt. Image Courtesy: Emirates NBD Egypt<\/p>\n
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\n Along with the associated branch and ATM network, customer base and relevant employee base
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\n Press Release
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Dubai and Cairo:\u00a0Emirates NBD Egypt S.A.E. (\u201cEmirates NBD Egypt\u201d) a 100% owned subsidiary of Emirates NBD Bank (P.J.S.C.) (\u201cEmirates NBD\u201d or the \u201cGroup\u201d) today announced that it has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt S.A.E. (\u201cHSBC Egypt\u201d) an indirect subsidiary of HSBC Holdings PLC (\u201cHSBC\u201d or \u201cHSBC Group\u201d). The transaction remains subject to regulatory approvals and closing conditions.<\/p>\n
As part of the transaction, Emirates NBD Egypt will acquire HSBC Egypt\u2019s retail banking portfolio along with the associated branch and ATM network, customer base and relevant employee base. The transaction is expected to enhance Emirates NBD Egypt’s market positioning as a leading retail and premium banking franchise in Egypt, while deepening the connectivity for the Group across the UAE-Egypt corridor.<\/p>\n
Egypt is a strategically important market for Emirates NBD and a key pillar for driving Group\u2019s regional growth ambitions and further expanding its presence in one of its core markets.<\/p>\n
Commenting on the announcement, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD and Chairman of Emirates NBD Egypt said: \u201cOur investment reflects our continued confidence in Egypt\u2019s dynamic market and its long-term growth prospects. We look forward to further expanding our footprint in the country and contributing to Egypt\u2019s continued economic growth and development.\u201d<\/p>\n
Shayne Nelson, Group CEO of Emirates NBD and Vice Chairman of Emirates NBD Egypt said: \u201cThe acquisition of HSBC Egypt\u2019s retail banking business marks an important milestone in the execution of our regional growth strategy. The transaction strengthens our presence in one of the Group’s core markets and supports our ambition to continue growing our customer franchise in Egypt.\u201d<\/p>\n
Amr ElShafei, CEO and Managing Director of Emirates NBD Egypt said: \u201cThis acquisition marks an important step for Emirates NBD Egypt\u2019s growth and further enhances our ability to serve customers across the country. We look forward to welcoming HSBC\u2019s customers to Emirates NBD Egypt, offering seamless financial solutions, comprehensive digital banking services and a customer focused banking experience backed by the strength of the wider Emirates NBD Group.\u201d<\/p>\n
Overview of Emirates NBD<\/p>\n
Emirates NBD is a leading banking group in the MENATSA (Middle East, North Africa, T\u00fcrkiye and South Asia) region with a presence in 13 countries, serving over 25 million active customers. Emirates NBD is a public joint stock company incorporated in the United Arab Emirates (\u201cUAE\u201d) and is currently listed on the Dubai Financial Market with a market capitalisation of ~US$ 52 billion, as of 27th July 2026. Emirates NBD is 56% owned by the Dubai Government via Investment Corporation of Dubai and Dubai Holding Group.<\/p>\n
Emirates NBD is the leading financial services brand in the UAE with a brand value of US$6.1 billion. As of 30th June 2026, Emirates NBD’s Total Assets were ~US$ 360 billion and Net Profits of for the first half of financial year 2026 was ~US$ 3.5 billion (Net Profit for full year 2025 \u2013 US$ 6.5 billion). Emirates NBD has operations in the UAE, Egypt, India, T\u00fcrkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain, and representative offices in China and Indonesia, with a total of 1,425 branches and 4,948 ATMs \/ SDMs. Emirates NBD Group serves its customers (individuals, businesses, governments and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group also operates Liv, the lifestyle digital bank by Emirates NBD. Over the past decade, establishing a larger international presence has formed the core of Emirates NBD\u2019s growth and expansion strategy, with international operations contributing almost ~36% of the total income for the Group.<\/p>\n
Since its establishment, Emirates NBD Egypt has built a strong track record of sustained growth and performance. It currently serves customers through a network of 64 branches spanning Egypt\u2019s major regions including Greater Cairo, North Coast, Delta, Canal, Upper Egypt, and the Red Sea, and supported by a team of more than 2,300 employees. As of 30 June 2026, Emirates NBD Egypt reported Total Assets of ~US$ 5 billion.<\/p>\n
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an \u201cas is\u201d and \u201cas available\u201d basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.<\/p>\n
\u00a9 ZAWYA 2026<\/p>\n","protected":false},"excerpt":{"rendered":" Emirates NBD Egypt headquarters building in New Cairo, Egypt. Image Courtesy: Emirates NBD Egypt …\n","protected":false},"author":2,"featured_media":95748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[215,9881],"class_list":["post-95747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-acquisition","tag-hsbc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117026276269382884","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/95747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=95747"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/95747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/95748"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=95747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=95747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=95747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}