HSBC Egypt retail sale to Emirates NBD ends 44 years of consumer banking, books a US$300 million pre-tax gain and leaves HSBC's corporate bank in Cairo.

HSBC Holdings sells its entire Egypt retail banking business to Emirates NBD, expecting a $0.3 billion pre-tax gain as part of its global

HSBC Egypt retail sale to Emirates NBD ends 44 years of consumer banking, books a US$300 million pre-tax gain and leaves HSBC's corporate bank in Cairo.