Emirates NBD to Acquire HSBC Egypt's Retail Banking Business

Emirates NBD Egypt S.A.E., a wholly owned subsidiary of Emirates NBD, announced on Aug 02, 2026, that it has signed definitive agreements to acquire the retail banking business of HSBC Bank Egypt S.A.E. The transaction covers HSBC Egypt's retail banking portfolio, its branch and ATM network, customer base, and relevant employees. Financial terms were not disclosed.

Emirates NBD described Egypt as a core market for the group's regional growth ambitions. The deal is expected to strengthen Emirates NBD Egypt's retail and premium banking franchise in the country. Completion remains subject to regulatory approvals and closing conditions.