HSBC Egypt 3Q 2006 Results

HSBC Holdings PLC
08 December 2006



The following is the text of an announcement by HSBC Bank Egypt, a 94.5 per cent
indirectly-held subsidiary of HSBC Holdings plc.

                                HSBC BANK EGYPT
                    THIRD QUARTER 2006 RESULTS - HIGHLIGHTS

   • Net profit of EGP431 million (US$75 million) for the nine months ended
     30 September 2006 - up EGP159 million (US$28 million) or 58 per cent over
     the same period in 2005.

   • Customer deposits of EGP14.4 billion (US$2.5 billion) at 30 September
     2006 - up EGP4.0 billion (US$0.7 billion) or 38 per cent over 30 September
     2005.

   • Loans and advances to customers of EGP5.4 billion (US$0.9billion) at 
     30 September 2006 - up EGP1.9 billion (US$0.3 billion) or 54 per cent 
     over 30 September 2005.

   • Total assets of EGP16.7 billion (US$2.9 billion) at 30 September 
     2006 - up EGP5.1 billion (US$0.9 billion) or 44 per cent over 
     30 September 2005.

Results are prepared in accordance with Egyptian Accounting Standards, with 
figures denominated in Egyptian pounds (EGP).


Commentary

HSBC Bank Egypt recorded a net profit of EGP431 million (US$75 million) for the
nine months ended 30 September 2006. This represents an increase of 58 per cent
over the EGP272 million (US$47 million) earned in the same period in 2005.

Customer deposits increased to EGP14.4 billion (US$2.5 billion) at 30 September
2006 from EGP10.4 billion (US$1.8 billion) at 30 September 2005.

Loans and advances to customers increased to EGP5.4 billion (US$0.9 billion) at
30 September 2006 from EGP3.5 billion (US$0.6 billion) at 30 September 2005.

The bank's investment portfolio totalled EGP6.0 billion (US$1.1 billion) at 
30 September 2006, from EGP3.1 billion (US$0.5 billion) at 30 September 2005.

Notes to editors:

1. HSBC Bank Egypt
HSBC Bank Egypt was established in 1982 as Hong Kong Egyptian Bank. In
January 1994, it was renamed Egyptian British Bank under the same
shareholding structure. It was rebranded HSBC Bank Egypt in April 2001
following an increase in the HSBC Group's shareholding from 40 per cent to
over 90 per cent of its issued share capital. HSBC Bank Egypt is one of the
largest multinational banks operating in Egypt providing a comprehensive
range of banking and financial services through a network of 25 branches and
108 ATMs in Cairo, 6th of October City, Giza, Alexandria, Sharm El Sheikh
and Hurghada.

2. HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through some 9,500
offices in 81 countries and territories in Europe, the Asia-Pacific region, the
Americas, the Middle East and Africa. With assets of US$1,738 billion at 30 June
2006, HSBC is one of the world's largest banking and financial services
organisations.





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