HSBC Bank Middle East

www.about.hsbc.ae/

HSBC Bank Middle East

HSBC’s presence in what is now the UAE dates back to 1946 when The Imperial Bank of Iran, a forerunner of HSBC Bank Middle East, opened its doors to the merchants and citizens of the Emirates. Following its withdrawal from Iran, the bank was renamed the British Bank of The Middle East (BBME). In 1959 BBME was acquired by The Hongkong and Shanghai Banking Corporation Limited. The bank played a key role in the establishment of a banking sector across the MENA region. Diversification The 1940s was a period of great change with the decline of operations in Iran (which closed in 1952) and expansion into the Arabian Peninsula and the Levant. The bank was a leader in financial services in the states that are now referred to as the Gulf Cooperation Council, opening branches in Kuwait (1942), Bahrain (1944), the area now known as the UAE (1946), Oman (Muscat 1948) and Saudi Arabia (Al Khobar and Jeddah 1950). Branches were also opened in the cities of the Fertile Crescent: Beirut (1946), Damascus (1947), Tripoli (1948), Amman (1949) and Aleppo (1951). Regional expansion By 1959, when the bank was acquired by the Group, it had added more offices in Saudi Arabia, Yemen, Libya, Qatar, Tunisia, Morocco and UAE. During the 1960s and 1970s the bank left Syria, Iraq, South Yemen and Libya after nationalisation of the banking sectors. In 1978, the bank’s business in Saudi Arabia was transferred to a new bank, the Saudi British Bank, where the Group took a 40 per cent share. The Group also took a 40 per cent share in the Hong Kong Egyptian Bank S.A.E, which was established in 1982. Modern structure In 1994, the bank's head office was transferred to Jersey and in 1999 it was renamed HSBC Bank Middle East (HBME). In 2001, the Group’s shareholding in Egypt increased to 94.5 per cent. In June 2016, the bank confirmed that it had transferred its place of incorporation and head office from Jersey to the Dubai International Financial Centre. As a result of the transfer, HBME is now lead-regulated by the Dubai Financial Services Authority, but remains locally regulated in each of the countries in which it operates by the country’s Central Bank and its other regulators.
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Careers

Staff at HSBC Bank Middle East have experience in

Sectors

  • development
  • banking system
  • economic policy
  • research & development
  • private sector development

Countries

  • pakistan
  • jordan
  • united arab emirates
  • bahrain
  • kuwait

Skills

  • managerial experience
  • business development
  • experience in recruitment
  • international experience
  • with experience in conflict areas

Contact HSBC Bank Middle East

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Company Offices

  • United Arab Emirates (headquarters)
  • Dubai
  • P.O. Box 66,