Wallets/hsbc-egypt
HSBC Egypt
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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, Egypt report.
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: National Bank of Egypt (NBE) (National Bank of Egypt NBE; Egypt's largest commercial bank by assets) + CIB (Commercial International Bank Egypt) (Commercial International Bank CIB; CASE: COMI) + Banque Misr (BM Online + onebank) (Banque Misr; Egyptian state-owned commercial bank) + QNB AlAhli (QNB Al Ahli Bank Egypt; QNB Qatari parent ~95%+ controlling) + Arab African International Bank (AAIB) (Arab African International Bank AAIB) + FAB Egypt (FAB Egypt; First Abu Dhabi Bank Egyptian subsidiary) + AlexBank Bank of Alexandria (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
- Egypt report In-corpus:
reports/countries/EG-egypt.md
Source
Biography extracted from hsbc-egypt.md. See matrix.md for standards-support matrix if present.