HSBC Bank Egypt SAE is a multinational

Multinational corporation

A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

 bank in Egypt, providing a wide range of banking and related financial services through a network of 100 branches and 20 mini bank units in Cairo

Cairo

Cairo , is the capital of Egypt and the largest city in the Arab world and Africa, and the 16th largest metropolitan area in the world. Nicknamed "The City of a Thousand Minarets" for its preponderance of Islamic architecture, Cairo has long been a centre of the region's political and cultural life...

, Alexandria

Alexandria

Alexandria is the second-largest city of Egypt, with a population of 4.1 million, extending about along the coast of the Mediterranean Sea in the north central part of the country; it is also the largest city lying directly on the Mediterranean coast. It is Egypt's largest seaport, serving...

, Sharm El Sheikh, Hurghada

Hurghada

Hurghada is a city in the Red Sea Governorate of Egypt. It is a main tourist center and second largest city in Egypt located on the Red Sea coast.- Overview :...

, Borg El Arab

Borg El Arab

Borg El Arab is an industrial city and resort in Alexandria, Egypt.-Overview:It is located about 45 kilometers south-west Alexandria city centre and some seven kilometers from the Mediterranean coast. North of the Borg El Arab city is King Mayriott resort and Mayriott Lake. The city has an...

 and 6th of October City.

History

HSBC Bank Egypt was established in 1982 as Hongkong Egyptian Bank with 40% HSBC ownership. In January 1994, the bank was renamed Egyptian British Bank under the same shareholding structure. The bank took the name HSBC Bank Egypt in April 2001 following an increase in shareholding by the HSBC Group's from 40% to 94.5%.of its issued share capital

Share capital

Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...

.

In 2001, 2003 and 2005, The Banker

The Banker

The Banker is an English-language monthly international financial affairs publication owned by The Financial Times Ltd. and edited in London...

magazine named it "Bank of the Year" in Egypt.

External links

• HSBC Bank Egypt website