HSBC Egypt

Key details

• Launch: 1982

Overview

HSBC Egypt is Egyptian commercial banking subsidiary of HSBC Holdings British parent LON: HSBA NYSE: HSBC HKEX: 5 + HSBC Holdings British parent ~95%+ controlling + one of Egypt's largest foreign-owned commercial banks by assets + founded 1982 in Cairo Egypt as Hongkong Egyptian Bank then 1998 HSBC Bank Egypt rebrand [1, eg-cro].

History

1982 — Hongkong Egyptian Bank founded in Cairo Egypt as Hongkong and Shanghai Banking Corporation HSBC's Egyptian subsidiary.

1998 — HSBC Bank Egypt rebrand consolidating Hongkong Egyptian Bank into HSBC Holdings British parent Egyptian commercial banking presence.

2014 — HSBC Egypt Mobile banking app launch.

Ownership & operator

Operating entity: HSBC Bank Egypt SAE (Egyptian commercial banking subsidiary of HSBC Holdings British parent).

Major shareholders: HSBC Holdings (British parent; LON: HSBA NYSE: HSBC HKEX: 5) ~95%+ controlling.

Regulators: Central Bank of Egypt CBE + PRA Prudential Regulation Authority via HSBC Holdings parent.

Technical integration

HSBC Egypt Mobile app (iOS + Android) + hsbc.com.eg online + HSBC Egypt branch network across Egypt + HSBC Visa + Mastercard + American Express + Meeza Egyptian national card scheme; Meeza national card scheme + Meeza QR (Egyptian national QR payment scheme) + Egyptian Pound EGP domestic transfers.

Implementations & partners

Parent group: [[hsbc-holdings]] (HSBC Holdings; LON: HSBA; NYSE: HSBC; HKEX: 5; one of Europe's largest commercial banks by market cap; ~40M+ HSBC customers globally).

Major Egyptian banking + payments competitors: [[nbe-egypt]] (National Bank of Egypt NBE; Egypt's largest commercial bank by assets) + [[cib-egypt]] (Commercial International Bank CIB; CASE: COMI) + [[banque-misr]] (Banque Misr; Egyptian state-owned commercial bank) + [[qnb-alahli]] (QNB Al Ahli Bank Egypt; QNB Qatari parent ~95%+ controlling) + [[aaib-egypt]] (Arab African International Bank AAIB) + [[fab-egypt]] (FAB Egypt; First Abu Dhabi Bank Egyptian subsidiary) + [[alex-bank]] (AlexBank; Intesa Sanpaolo Italian parent ~80%+ controlling) + [[credit-agricole-egypt]] (Credit Agricole Egypt; Crédit Agricole French parent ~63%+ controlling).

Regulators: Central Bank of Egypt CBE + PRA Prudential Regulation Authority via HSBC Holdings parent.

Status

Active, Egyptian commercial banking subsidiary of HSBC Holdings British parent LON:HSBA NYSE:HSBC HKEX:5 + HSBC Holdings British parent ~95%+ controlling + one of Egypt's largest foreign-owned commercial banks by assets + founded 1982 in Cairo Egypt as Hongkong Egyptian Bank then 1998 HSBC Bank Egypt rebrand [1, 2].

Sources

• 1 HSBC Egypt — official
• 2 HSBC Egypt — Wikipedia
• eg-cro In-corpus: reports/countries/EG-egypt.md

Source

Biography extracted from hsbc-egypt.md. See matrix.md for standards-support matrix if present.