January 31, 2011 / 12:22 PM / in 7 years

HSBC says has activated continuity plans for Egypt

LONDON (Reuters) - International banking group HSBC (HSBA.L) (0005.HK) said it had set up continuity plans for its Egypt business, after authorities there said the country’s banks would be closed for a third day on Tuesday.

    “The bank has robust continuity plans in place to enable business to continue through disruptions, and these have been successfully activated,” HSBC said on Monday.

    “HSBC will continue to closely monitor events in Egypt, and will take all steps necessary to protect its staff, its customers and their interests,” it said. HSBC has 100 branches in 13 cities in Egypt, and employs 2,100 people in the country.

    Reporting by Sudip Kar-Gupta; Editing by Dan Lalor

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