HSBC Bank Middle East
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| Type | Subsidiary of HSBC Holdings plc |
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| Industry | Finance and Insurance |
| Founded | 1889 |
| Headquarters | Saint Helier, Jersey, Channel Islands |
| Key people |
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| Products | Financial Services |
| Website | www.hsbc.jo |
HSBC Bank Middle East Limited is the largest and most widely represented international bank in the Middle East. The bank has received several awards in various categories.
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[edit] History
A principal member of the HSBC Group since 1959, the bank's unique relationship with the Middle East dates back more than a century. Founded in London in 1889, it pioneered banking in the region. When it was established in 1889 with a royal charter from Queen Victoria, and a concession from the government of Persia, it was named Imperial Bank of Persia, making it the state bank of Persia. It was later named The British Bank of the Middle East (BBME) and now called HSBC Bank Middle East Limited.
Today HSBC provides a wide range of banking services for both corporate and personal customers in Bahrain, Jordan, Kuwait, Lebanon, Oman, Pakistan, Qatar and the United Arab Emirates.
[edit] Middle East banking
HSBC maintains a network of offices in various countries in the Middle East. Operations of the group in the Middle East are under this subsidiary, and it forms the regional headquarters the area, making it is responsible for the management of the group's stake in British Arab Commercial Bank.
[edit] Bahrain
The bank's network in Bahrain extends to seven locations, including an offshore banking unit. HSBC provides a range of banking services for both corporate and individual customers in Bahrain. HSBC is the largest foreign bank in Bahrain and has branches, in Manama, Seef, Adliya, Manama and Muharraq as well as a large network of ATMs at 17 different locations.
[edit] Jordan
Operations in Jordan are supported by two locations, telephone and internet banking. However, the bank is pursuing a greater presence, particularly in west Amman with the opening of several smaller branches in Al-Madina Al Munawara street, Khalda, Sweifieh and Abdoun circle.
[edit] Kuwait
HSBC started operations in Kuwait in 2005 with a capital of KD 15'000'000/-. The branch located in Kuwaiti City at the Khorafi Tower next to the Church. With the one branch policy for international banks HSBC Kuwait is offering full corporate banking, treasury services, custody, investment banking, private banking, and Premier retail banking.
[edit] Lebanon
Having entered Lebanon in 1946, HSBC has maintained its presence ever since. A network of four offices in St. Georges Bay, Dora, Ras Beirut, and Verdun is supported by telephone and internet banking services.
[edit] Oman
In the Sultanate since 1948, it provides a range of banking services for both corporate and individual customers. Of the four locations in Oman the key locations are Bait Al Falaj and Salalah branches, along with a full service trading operation, private banking operation, and a custodial service for the Muscat Securities Market. It is well accepted amongst the residents but in the recent past has come under pressure for not issuing a debit card to its customers.
[edit] Pakistan
HSBC started its operations in Pakistan in 1982. Since then, it has expanded to all major cities of Pakistan and operates as a full service bank. It currently has 11 offices, 24/7 telephone call centre, and HSBC Premier. The bank also offers NRP (non-resident Pakistani) services. Out of its branches, four are located in Karachi, two each in Lahore and Islamabad, and one each in Rawalpindi, Faisalabad, and Sialkot. All the cities served also offer Premier Centres. HSBC's offices in Pakistan were operated by The Hongkong and Shanghai Banking Corporation. In 2008, The Hongkong and Shanghai Banking Corporation sold Pakistan banking business to HSBC Bank Middle East Limited.
[edit] Qatar
HSBC has been present in Qatar since 1954. The bank offers a full range of cross border banking products and services from Commercial and Global Banking to Retail Banking and Wealth Management and Offshore banking.
HSBC is the largest foreign bank in Qatar and has four branches in Doha (Airport Road), Al Sadd, West Bay and Salwa as well as a large network of ATMs at 22 different locations.
[edit] United Arab Emirates
The United Arab Emirates represents a key part of HSBC's business, with 24 branches and offices. It is also the location of HSBC's regional head office.
[edit] Algeria
Algeria is part of HBME since 2009 and has two branches in Algiers. The bank offers banking products and services for Corporate and Retail Banking and Wealth Management.
[edit] Board of directors (As of 1st August 2011)
- David G Eldon (Chairman)
- Simon Cooper (Deputy Chairman and CEO)
- Abdel Salam El Anwar
- Alexander A Flockhart
- Robert B Gray
- Mukhtar M Hussain
- Christopher J M Keirle
- A Robin Monro-Davies
- Abdul Hakeem Mostafawi
- Abdulfattah Sharaf
- Thomas L Slattery
- Nicholas G Winsor
- Alexandre P Zeller
[edit] See also
[edit] External links
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