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The Egypt HSBC is the short
name of the HSBC Bank Egypt SAE, a multinational bank of
Egypt that provides a large range of financial and banking
services.
The bank has a network of 17 mini bank units and
43 branches in Hurghada, Cairo, Sharm El-Sheikh, Alexandria,
6th of October City and Borg El Arab.
In 1982, the bank was
established as Hong Kong Egyptian Bank having 40% HSBC
ownership. The name of Egyptian British Bank was given to
the bank in January 1994 but the shareholding structure was
the same. In April 2001 the bank became HSBC Bank Egypt with
94.5% shareholding by HSBC. The bank was named the ‘bank of
the year’ in Egypt, in 2001, 2003, 2005, by the Banker
Magazine.
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The HSBC Bank Egypt
provides some commercial banking services such as:
credit cards, loans, deposits.
Among the investment
banking services offered by the bank is the initial
public offerings, corporate advisory on acquisitions
and mergers.
This big multinational bank of Egypt
provides the banking services and the financial
services through its network that includes 13 units,
62 branches and 199 ATMs in cities like: Alexandria,
Cairo, Helwan, Giza, Hurghada, Sharm el Sheikh, Port
Said, Luxor, El Mansoura, Damietta, Marsa Matrouh,
Abo Redees, 6th of October City, Ad Daqahliyah, Ash
Sharqiyah.
Units of the bank are
also in South Sinai and Red Sea. |
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The readers of the Banker
Middle East Magazine voted the bank as the Best Wealth
Management Initiative due to its services.
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In 2004, the EuroMoney Magazine at the
Excellence Awards voted the HSBC Bank Egypt as Best
Bank from the Middle East and as the Best Debt House
from the Middle East; this prize was received by the
bank for the second year, consecutively.
More, the
bank was named the Best at Risk Management from the
Middle East. As a recognition of the bank` s efforts
of providing world class products and services, in
2008, the Global Finance awarded the bank with the
Best Consumer Internet Bank award.
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Among other prizes won by the bank
are: the Best Project Finance House by EuroMoney Magazine in
2007 by the Islamic Finance Awards, the Best Bank for
Payments and Collections in the Middle East, in 2007, by the
Global Finance Magazine, Best Bank for Risk Management from
the Middle East, in 2007, by the Global Finance Magazine,
Best Sub-Custodian from the Middle East,
in 2007, by the
Global Finance Magazine, Best International Islamic Bank, in
2007, by the Euromoney Magazine, at the Islamic Finance
Awards, Best Bank for Cash Management and Treasury Award, in
2007, by the Global Finance Magazine, Best Project Finance
Deal by Euromoney Magazine, in 2007, at the Islamic Finance
Awards, Best CLS-Linked Bank Offering from the Middle East,
in 2007, by the Global Finance Magazine, Best Project
Finance House by Euromoney Magazine, in 2007, at the Islamic
Finance Awards. The address of the bank is: Abu Al Feda
Building, 3 Abu Al Feda Street
Zamalek, Cairo, Egypt. The telephone numbers are: +20
2-2735-9186, +20 2-2735-9286.
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