Egypt- COVID-19 accelerates HSBC existing transformation plans to digital services

The coronavirus (Covid-19) pandemic is a major disruptive event for the global economy. Banks and financial institutions are facing the most difficult test since the 2008 financial crisis. To mitigate the immediate impact on the real economy, extraordinary fiscal and monetary measures have been introduced from the very beginning of the crisis.

HSBC was among the banks that acted quickly to ensure providing consistent, competitive banking services to its customers, while abiding to precautionary measures to guarantee safety and health of both customers and employees.