Emirates NBD Acquires HSBC Egypt Retail

Emirates NBD Egypt signed a definitive agreement on Sunday to acquire HSBC Egypt’s retail banking operations.

The deal transfers HSBC Egypt’s retail portfolio, branch and ATM networks, customer base, and relevant staff to Emirates NBD’s Egyptian subsidiary, subject to final regulatory approvals.

While Emirates NBD withheld the purchase price, HSBC Group confirmed the sale aligns with its broader corporate restructuring and expects to generate a pre-tax gain of approximately $300 million.

Emirates NBD acquires HSBC Egypt retail (News Central TV) — Emirates NBD acquires HSBC Egypt retail. Credit: Reuters

HSBC will retain its wholesale banking operations in Egypt, with the retail transaction slated for completion in the second half of 2027.

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Abisoye Adeyiga

Abisoye Adedoyin Adeyiga holds a PhD in Languages and Media Studies and a Master’s in Education (English Language). Trained in digital marketing and investigative journalism, she is passionate about new media’s transformative power. She enjoys reading, traveling, and meaningful conversations.