HSBC considering financing Egyptian projects: Amr Bahey

HSBC Egypt is considering financing a number of major projects in the energy, infrastructure, petrochemicals, and construction investments sectors, according to Amr Bahey, Head of Large Corporates at HSBC Egypt.

“The bank has great experience in financing these sectors and is more than willing to enter into them strongly in the upcoming period, especially in the light of Egypt’s recent political stability and economic growth,” explained Bahey.

He also mentioned that HSBC Egypt’s loan portfolio witnessed a 9% growth end of March 2015 to reach EGP 21.7bn, of which EGP 18bn is for companies, and EGP 3.7bn is for the retail sector.