HSBC Bank Middle East
From Wikipedia, the free encyclopedia
| Type | Subsidiary of HSBC Holdings plc |
|---|---|
| Founded | 1889 |
| Headquarters | Saint Helier, Jersey, Channel Islands |
| Key people | Youssef A Nasr, Chairman Simon Cooper, CEO |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Website | www.middleeast.hsbc.com |
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 and for decades was the only bank committed to supporting the area. 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.
[edit] Lebanon
Having entered Lebanon in 1946, HSBC has maintained its presence ever since. A network of six offices in St. Georges Bay, Dora, Ras Beirut, Verdun and Zouk, 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.
[edit] Qatar
HSBC provides a range of banking services for both corporate and individual customers in Qatar. HSBC is the largest foreign bank in Qatar and has five branches, in Grand Hamad street, Mesaieed, Al Sadd, West Bay and Financial Tower Building as well as a large network of ATMs at 21 different locations.
[edit] United Arab Emirates
The United Arab Emirates represents a key part of HSBC's business, with 16 branches and offices. It is also the location of HSBC's regional head office.
[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] 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 12 offices. Four of which are located in Karachi, Two each in Lahore and Islamabad, and One each in Rawalpindi, Faisalabad, Multan, and Sialkot. HSBC's offices in Pakistan was operated by The Hongkong and Shanghai Banking Corporation. In 2008, The Hongkong and Shanghai Banking Corporation sold its Pakistan banking business to HSBC Bank Middle East Limited.
[edit] Board of directors
- Youssef Nasr, Chairman
- Simon Cooper, Deputy Chairman & Chief Executive
- Mukhtar Hussain, Deputy Chairman
- Walid Boustany
- Richard W L Groves
- Abdel Salam El Anwar
- Christopher Keirle
- Christopher Meares
- John Perry
- John Tibbo
[edit] See also
[edit] External links
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