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| HSI1 | 26,160.15 | +192.17 | 226.61B |
| HSCEI1 | 9,363.94 | +63.20 | 86.65B |
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HSBC HOLDINGS Conducts Strategic Review of Retail Banking Biz in Egypt
2025-10-24 12:01:46 HSBC HOLDINGS (00005.HK) announced that it will undertake a strategic review of its retail banking business in Egypt. The review is part of HSBC Group’s ongoing simplification globally. It will consider all options for the retail banking business, and no decisions have been made. The bank stressed that Egypt is an important market for HSBC and has strong potential for growth. Therefore, this review will neither include wholesale banking operations in Egypt, nor other operations in Egypt. This follows the announcement earlier this year of strategic reviews of HSBC’s retail businesses in Australia, Indonesia, Sri Lanka and Bangladesh, and its decision to divest its retail business in Bahrain. ~ AASTOCKS Financial News Website: www.aastocks.com | |