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Monday, 18 January 2021

HSBC going long on MENA

HSBC ❤️ Egypt, MENA: The global bank is getting plenty of attention in the domestic press for a statement attributed to Martin Tricaud, its group CEO for the Middle East, North Africa and Turkey, saying that the bank has “ambitious plans for growth in MENAT, which is positioned to be one of the fastest growing regions of the world over the coming decade.” Todd Wilcox, HSBC Egypt’s CEO, said the bank would be prioritizing “digital payments and transactions, international investor demand for exposure to Egyptian assets, or supporting government initiatives to deliver low-carbon, sustainable ways of doing business.” You can read the statement here (pdf).

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