Emirates NBD to buy HSBC Egypt retail business; HSBC expects $0.3bn gain

Emirates NBD Egypt S.A.E. has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt S.A.E. in a transaction expected to generate an estimated pre-tax gain of approximately $0.3bn for the HSBC Group. The deal, expected to complete in the second half of 2027 subject to regulatory approvals, encompasses HSBC Egypt’s […] The post Emirates NBD to buy HSBC Egypt retail business; HSBC expects $0.3bn gain first appeared on Dailynewsegypt.