HSBC UAE

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Overview

HSBC UAE is UAE commercial bank + HSBC Holdings UK parent LSE: HSBA + SEHK: 5 + NYSE: HSBC subsidiary + HSBC Middle East regional headquarters in Dubai + one of UAE's largest international commercial banks + ~1M+ UAE HSBC customers [1, ae-cro].

History

1959 — British Bank of the Middle East founded in Dubai by HSBC distinctive UAE banking heritage.

1999 — British Bank of the Middle East renamed HSBC Bank Middle East.

2014 — HSBC UAE mobile banking app launch.

Ownership & operator

Operating entity: HSBC Bank Middle East Limited HSBC UAE (UAE commercial bank; HSBC Holdings UK parent fully owned).

Major shareholders: HSBC Holdings plc (LSE: HSBA + SEHK: 5 + NYSE: HSBC; UK-headquartered global banking group; ~40M+ retail customers across 60+ countries) fully owned.

Regulators: Central Bank of the UAE + national regulators across 13+ countries.

Technical integration

HSBC UAE mobile app (iOS + Android; ~1M+ UAE HSBC customers) + hsbc.ae online + HSBC UAE branch network across UAE + Bahrain + Egypt + Jordan + Kuwait + Oman + Qatar + Saudi Arabia + Lebanon + Israel + Turkey + Algeria + Palestine + HSBC UAE Visa + Mastercard cards; AE IBAN + UAEICC (UAE Interbank Clearing Centre) + Aani (UAE national instant payment scheme).

Implementations & partners

HSBC parent: [[hsbc-uk]] (HSBC UK; LSE: HSBA + SEHK: 5 + NYSE: HSBC; UK-headquartered global banking group; ~40M+ retail customers across 60+ countries) + [[hsbc-hong-kong]] (HSBC Hong Kong; HSBC's original Hong Kong founding entity since 1865; Hong Kong's largest commercial bank by assets; ~3M+ PayMe customers + HSBC HK App).

Major UAE banking + payments competitors: [[emirates-nbd]] (Emirates NBD; DFM: EMIRATESNBD; UAE's largest commercial bank by assets) + [[first-abu-dhabi-bank]] (First Abu Dhabi Bank FAB; ADX: FAB; UAE's #2 commercial bank by assets) + [[adcb]] (Abu Dhabi Commercial Bank ADCB; ADX: ADCB; UAE's #3 commercial bank by assets) + [[mashreq-neo]] (Mashreq Neo; DFM: MASQ; UAE digital bank by Mashreqbank) + [[dubai-islamic-bank]] (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic bank) + [[abu-dhabi-islamic-bank]] (Abu Dhabi Islamic Bank ADIB; ADX: ADIB; UAE Islamic bank) + [[rakbank]] (RAKBANK National Bank of Ras Al Khaimah; ADX: RAKBANK; UAE commercial bank) + [[commercial-bank-of-dubai]] (Commercial Bank of Dubai CBD; DFM: CBD; UAE commercial bank) + [[ajman-bank]] (Ajman Bank; DFM: AJMANBANK; UAE Islamic bank) + [[united-arab-bank]] (United Arab Bank; ADX: UAB; UAE commercial bank) + [[sharjah-islamic-bank]] (Sharjah Islamic Bank SIB; ADX: SIB; UAE Islamic bank) + aani (Aani UAE national instant payment scheme).

Regulators: Central Bank of the UAE + national regulators across 13+ countries.

Status

Active, UAE commercial bank + HSBC Holdings UK parent LSE:HSBA + SEHK:5 + NYSE:HSBC subsidiary + HSBC Middle East regional headquarters in Dubai + one of UAE's largest international commercial banks + ~1M+ UAE HSBC customers [1, 2].

Sources

1 HSBC UAE — official
2 HSBC UAE — Wikipedia
ae-cro In-corpus: reports/countries/AE-united-arab-emirates.md

Source

Biography extracted from hsbc-uae.md. See matrix.md for standards-support matrix if present.