Revenue growth at HSBC's Middle East and North Africa operations will be hampered by the political unrest in the region, a senior executive said on Monday.
Turmoil has spread across the Arab world since January, leading to the ouster of longtime regimes in Tunisia and Egypt as well as clashes in Libya, Syria, Yemen and Bahrain.
Steve Bottomley, regional head of strategy and planning for HSBC, said revenue growth will be constrained by the political instability, especially ongoing uncertainty in Egypt, one of the largest markets for the bank in the region.
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