Emirates NBD Signs Deal to Buy HSBC's Retail Operations in Egypt

Emirates NBD to Acquire HSBC’s Retail Banking Business in Egypt

Emirates National Bank of Dubai (NBD) Egypt, a wholly owned subsidiary of Emirates NBD, announced Monday, 3 August, that it had signed definitive agreements to acquire the retail banking operations of HSBC Egypt. The move is set to expand the Dubai-based lender’s footprint in one of the region’s largest banking markets. The deal, still subject to regulatory approval and other customary closing conditions, would transfer HSBC Egypt’s retail banki…

Emirates NBD to buy HSBC Egypt's retail banking business (HSBC:NYSE)

Emirates NBD to buy HSBC Egypt retail unit, growing its Egypt footprint as HSBC restructures.

Emirates NBD to acquire HSBC Egypt retail business; subsidiary to gain Dh1.1 billion

The agreement includes HSBC Egypt’s retail banking portfolio as well as the associated branch and ATM network, customer base and relevant employee base.

Emirates NBD signs deal to buy HSBC's retail operations in Egypt

Agreement will yield $300 million in pre-tax gains, British bank says

Emirates NBD Bank to acquire retail banking business of HSBC Egypt

Emirates NBD to acquire HSBC Egypt's retail banking business

Emirates NBD to acquire HSBC Egypt’s retail banking business, boosting its consumer banking presence and expanding its footprint in a key regional growth market.