Egypt’s Trade Eligible To Grow: HSBC Egypt CEO

Andrew Long, CEO of HSBC Bank Egypt, expected Egypt’s trade to greatly improve in the upcoming period, thanks to its attractive geographical location which enables the country to play a key role in exporting to Asia and Africa and being a main stop for exports to Europe.

On the sidelines of the 5th Annual Egypt Trade & Export Finance Conference (Exporta) currently held in Cairo, Long added that HSBC’s strategy targets establishing a firm network through its units which has developed a broad customer base worldwide.

HSBC Group was established with the aim of financing the international trade, he noted, adding that the bank works on achieving such target through communicating with customers and supporting international trade initiatives.

The volume of Egypt-China trade reached US$ 3 billion; 20% of which was conducted by HSBC. HSBC is committed to supporting the internal trade in Egypt which is perceived to achieve high growth rates.