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 banking portfolio, including its branch network, associated ATMs, customer base and relevant…
