HSBC Bank Middle East
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| Subsidiary of HSBC Holdings plc | |
| Industry | Finance and Insurance |
| Founded | 1889 |
| Headquarters | Saint Helier, Jersey, Channel Islands |
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Key people
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Abdul Hakeem Mostafawi, CEO HSBC Qatar and Board member HSBC Middle East Jody Sanderson, Head of Global Banking, GCC ex-UAE Osama Ali, Director Global Banking Qatar |
| Products | Financial Services |
| Website |
www www www www www www www |
Abdul Hakeem Mostafawi, CEO HSBC Qatar and Board member HSBC Middle East Jody Sanderson, Head of Global Banking, GCC ex-UAE
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.
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.
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.
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.
British Bank of the Middle East opened a branch in 1975 that it closed in 1986, having failed to adapt itself to the market.
HSBC started operations in Israel with a full banking license since 2001, headquartered at Ramat Gan, Tel Aviv. HSBC in Israel currently offers Commercial banking and Private banking through HSBC Private Bank in Switzerland.
Arab Jordan Investment Bank (AJIB) acquired HSBC Jordan on 19 June 2014. At 30 September 2013, HSBC Jordan's banking business comprised four branches with gross assets of approximately $1.2 billion. Almost all employees were expected to transfer to AJIB. British Bank of the Middle East had established itself in Jordan in 1949. At one point it had a branch in Jordanian-administered Jerusalem.
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.
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Wikipedia