{"id":96224,"date":"2026-08-03T09:42:56","date_gmt":"2026-08-03T09:42:56","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/96224\/"},"modified":"2026-08-03T09:42:56","modified_gmt":"2026-08-03T09:42:56","slug":"hsbc-to-sell-egyptian-retail-banking-business-to-emirates-nbd","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/96224\/","title":{"rendered":"HSBC to Sell Egyptian Retail Banking Business to Emirates NBD"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/2E9E50DE8D8CA4DFB5EEBCE0422457C7CA61E18563B030909CA79B52CA15A654\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fmt_newswires_uk_369%2F4fd4ee7d261642a1f299d92571ebbc6f\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"MT Newswires - Shutterstock\" height=\"403\" width=\"768\" class=\"yf-j98iil loader\"\/><\/a> MT Newswires -Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">HSBC (HSBA.L) decided to sell its retail banking portfolio in Egypt to Emirates NBD Bank (DFM:EMIRATESNBD) as part of an ongoing broader restructuring process.<\/p>\n<p>HSBC said Sunday its indirect subsidiary, HSBC Bank Egypt, signed terms for the sale of its retail banking business to Emirates NBD Bank&#8217;s Emirates NBD Egypt.<\/p>\n<p>The deal includes HSBC Bank Egypt&#8217;s retail loans, deposits and accounts, and the employees supporting the transferring business. Deal value was not disclosed, but HSBC said it expects a pre-tax gain of $300 million from the sale. Subject to regulatory clearances, the deal is expected to close in the second half of 2027.<\/p>\n<p>&#8220;Egypt remains an important market for HSBC with strong growth potential, and the bank will continue to support its corporate and institutional banking clients in the country,&#8221; the bank said.<\/p>\n<p>The London-listed lender initiated a strategic review for its retail business in Egypt during October 2025, as part of an ongoing simplification of its global operations. The bank said at the time it &#8220;is focused on increasing leadership and market share in the areas where it has a clear competitive advantage and where it has the greatest opportunities to grow and support its clients.&#8221;<\/p>\n<p>Emirates NBD, which currently has over 67 branches in Egypt, entered the country in 2013 through the acquisition of BNP Paribas&#8217; (BNP.PA) subsidiary.<\/p>\n<p>Shares in HSBC were up more than 1% in London, while those of Emirates NBD rose over 2% in Dubai during early Monday trading.  <\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock HSBC (HSBA.L) decided to sell its retail banking portfolio in Egypt to Emirates NBD Bank&hellip;\n","protected":false},"author":2,"featured_media":80001,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[28844,40864,9881,40865,23498],"class_list":["post-96224","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-egypt","tag-emirates-nbd-bank","tag-hsbc","tag-hsbc-bank-egypt","tag-retail-banking"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117030931977365226","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/96224","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=96224"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/96224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/80001"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=96224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=96224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=96224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}