Francesca McDonagh, HSBC’s Regional Head of Retail Banking and Wealth Management for the Middle East and North Africa, said there are no plans to exit the Egyptian market. The bank highly depends on the Egyptian market especially in marketing its retail banking and wealth management services. McDonagh added. 

During the media roundtable held at HSBC’s headquarters in Cairo, McDonagh added that the bank has a future expansion strategy in Egypt both in its retail banking and wealth management services sectors.

HSBC has 100 branches in Egypt which enable it to offer all banking services which cater to the needs of its customers. McDonagh revealed that the bank targets having more branches in the upcoming period in order to allure new segment of customers and offer better banking services.