Private company

HSBC Bank Middle East

Logo: HSBC Holdings plc, Public domain, via Wikimedia Commons3

Middle Eastern subsidiary of multinational bank

HSBC Bank Middle East (HBME, Arabic: إتش إس بي سي الشرق الأوسط), is a major Emirati bank, fully owned by HSBC. Known from 1959 to 1999 as British Bank of the Middle East (BBME), It was founded in Tehran, Qajar Iran in 1889 and has successively been headquartered in Tehran (1889–1959), London (1959–1999), Jersey (1999–2016), and Dubai since 2016. HBME is 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.2 It was founded by Imperial Bank of Persia.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1889Founded1
  • Industryfinancial services1
  • HeadquartersSaint Helier1

HSBC Bank Middle East (HBME, Arabic: إتش إس بي سي الشرق الأوسط), is a major Emirati bank, fully owned by HSBC. Known from 1959 to 1999 as British Bank of the Middle East (BBME), It was founded in Tehran, Qajar Iran in 1889 and has successively been headquartered in Tehran (1889–1959), London (1959–1999), Jersey (1999–2016), and Dubai since 2016.2

Corporate structure

HSBC Bank Middle East is part of a group headed by HSBC. 853 entities, 28 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • HSBC London, United Kingdom
    • HSBC Bank Australia 100% · Sydney, Australia
      • HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED Subsidiary · Sydney, Australia
    • HSBC Bank Bermuda 100% · Hamilton, Bermuda
      • BANCO NOMINEES LIMITED Subsidiary · London, United Kingdom
      • CAYMAN INTERNATIONAL FINANCE LIMITED Subsidiary · London, United Kingdom
      • HSBC GLOBAL ASSET MANAGEMENT (BERMUDA) LIMITED Subsidiary · London, United Kingdom
        • ALTERNATIVE FUND Fund · Hamilton, Bermuda
        • CANADIAN DOLLAR FUND Fund · Hamilton, Bermuda
        • EURO FUND Fund · Hamilton, Bermuda
        • HSBC CORPORATE MONEY FUNDS LIMITED Fund · Hamilton, Bermuda
        • HSBC MANAGED PORTFOLIOS LIMITED Fund · Hamilton, Bermuda
        • HSBC SPECIALIST FUNDS LIMITED Fund · Hamilton, Bermuda
        • SHORT DURATION FIXED INCOME FUND Fund · Hamilton, Bermuda
        • STERLING ESG FUND Fund · Hamilton, Bermuda
        • STERLING ESG FUND Fund · Hamilton, Bermuda
        • STERLING FUND Fund · Hamilton, Bermuda
        • US DOLLAR ESG FUND Fund · Hamilton, Bermuda
        • US DOLLAR FUND Fund · Hamilton, Bermuda
        • US TREASURY FUND Fund · Hamilton, Bermuda
        • WORLD SELECTION - 1 Fund · Hamilton, Bermuda
        • WORLD SELECTION - 2 Fund · Hamilton, Bermuda
        • WORLD SELECTION - 3 Fund · Hamilton, Bermuda
        • WORLD SELECTION - 4 Fund · Hamilton, Bermuda
        • WORLD SELECTION - 5 Fund · Hamilton, Bermuda
      • HSBC INSTITUTIONAL TRUST SERVICES (BERMUDA) LIMITED Subsidiary · London, United Kingdom
      • HSBC SECURITIES SERVICES (BERMUDA) LIMITED Subsidiary · London, United Kingdom
      • SOMERS NOMINEES (FAR EAST) LIMITED Subsidiary · London, United Kingdom
      • WOODEX LIMITED Subsidiary · London, United Kingdom
    • HSBC Bank Middle East 100% · Saint Helier
    • HSBC BANK PLC 100% · London, United Kingdom
      • HSBC Germany London, United Kingdom
      • HSBC GLOBAL ASSET MANAGEMENT (FRANCE) Courbevoie, France
        • HSBC GLOBAL ASSET MANAGEMENT (SWITZERLAND) AG London, United Kingdom
        • HSBC REIM (FRANCE) London, United Kingdom
        • HS EURO CORPORATE CROSSOVER FUND Fund · Grand Cayman, Cayman Islands
        • HSBC QUANT ALTERNATIVE FUNDS - LONG SHORT GLOBAL BOND STRATEGY JAPAN 300 YEN Fund · Paris, France
        • MULTI-STRATEGY RISK DIVERSIFIER FUND Fund · Courbevoie, France
        • SELECT ADVENTUROUS Fund · Courbevoie, France
        • SELECT FLEXIBLE Fund · Courbevoie, France
        • and 122 more
      • ASSETFINANCE DECEMBER (P) LIMITED Subsidiary · London, United Kingdom
      • CHESNARA LIFE (UK) LIMITED Subsidiary · Preston, United Kingdom
      • HSBC (BGF) INVESTMENTS LIMITED Subsidiary · London, United Kingdom
        • DAG GRANDCHILDRENS SETTLEMENT Subsidiary · Pewsey, United Kingdom
      • HSBC ASSET FINANCE (UK) LIMITED Subsidiary · London, United Kingdom
        • ASSETFINANCE DECEMBER (R) LIMITED Subsidiary · London, United Kingdom
        • ASSETFINANCE JUNE (A) LIMITED Subsidiary · London, United Kingdom
        • ASSETFINANCE MARCH (B) LIMITED Subsidiary · London, United Kingdom
        • ASSETFINANCE SEPTEMBER (F) LIMITED Subsidiary · London, United Kingdom
        • HSBC EQUIPMENT FINANCE (UK) LIMITED Subsidiary · Birmingham, United Kingdom
          • 2 more
      • HSBC ASSET FINANCE M.O.G. HOLDINGS (UK) LIMITED Subsidiary · London, United Kingdom
      • HSBC BANK (GENERAL PARTNER) LIMITED Subsidiary · London, United Kingdom
        • HSBC BANK CAPITAL FUNDING (STERLING 1) L.P. Subsidiary · London, United Kingdom
      • HSBC BANK ANONIM SIRKETI (HSBC BANK ANONIM ŞIRKETI) Subsidiary · London, United Kingdom
        • HSBC YATIRIM MENKUL DEĞERLER ANONİM ŞİRKETİ Subsidiary · London, United Kingdom
          • 1 more
        • HSBC ÖDEME SİSTEMLERİ BİLGİSAYAR TEKNOLOJİLERİ BASIN YAYIN VE MÜŞTERİ HİZMETLERİ ANONİM ŞİRKETİ Subsidiary · London, United Kingdom
      • HSBC CLIENT HOLDINGS NOMINEE (UK) LIMITED Subsidiary · London, United Kingdom
      • HSBC CLIENT NOMINEE (JERSEY) LIMITED Subsidiary · London, United Kingdom
      • HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED Subsidiary · London, United Kingdom
      • HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED Subsidiary · London, United Kingdom
      • HSBC GLOBAL CUSTODY PROPRIETARY NOMINEE (UK) LIMITED Subsidiary · London, United Kingdom
      • HSBC LU NOMINEES LIMITED Subsidiary · London, United Kingdom
      • HSBC MARKING NAME NOMINEE (UK) LIMITED Subsidiary · London, United Kingdom
      • HSBC OVERSEAS NOMINEE (UK) LIMITED Subsidiary · London, United Kingdom
      • HSBC PENSION TRUST (IRELAND) DESIGNATED ACTIVITY COMPANY Subsidiary · London, United Kingdom
      • HSBC PREFERENTIAL LP (UK) Subsidiary · London, United Kingdom
        • HSBC BANK CAPITAL FUNDING (STERLING 2) L.P. Subsidiary · London, United Kingdom
      • HSBC PRIVATE BANK (UK) LIMITED Subsidiary · London, United Kingdom
        • HSBC SFT (C.I.) LIMITED Subsidiary · St Peter Port, Guernsey
          • 1 more
      • HSBC REPRESENTATIVE OFFICE (NIGERIA) LIMITED Subsidiary · London, United Kingdom
      • HSBC SECURITIES (SOUTH AFRICA) Subsidiary · London, United Kingdom
        • S F S S NOMINEES Subsidiary · London, United Kingdom
      • HSIL INVESTMENTS LIMITED Subsidiary · London, United Kingdom
      • JAMES CAPEL (NOMINEES) LIMITED Subsidiary · London, United Kingdom
      • MIDCORP LIMITED Subsidiary · Birmingham, United Kingdom
        • GRIFFIN INTERNATIONAL LIMITED Subsidiary · London, United Kingdom
          • 1 more
      • and 3 more
    • HSBC INVESTMENT BANK HOLDINGS LIMITED London, United Kingdom
    • HSBC INVESTMENT COMPANY LIMITED London, United Kingdom
    • HSBC OVERSEAS HOLDINGS (UK) LIMITED London, United Kingdom
      • HSBC SOFTWARE DEVELOPMENT (GUANGDONG) LIMITED (汇丰软件开发(广东)有限公司) Subsidiary · London, United Kingdom
        • HSBC TECHNOLOGY & SERVICES (CHINA) LIMITED (汇丰技术服务(中国)有限公司) Subsidiary · London, United Kingdom
    • 恒生銀行有限公司 Central, Hong Kong
      • Hang Seng Bank (China) London, United Kingdom
      • FULCHER ENTERPRISES COMPANY LIMITED (輝昌企業有限公司) Subsidiary · London, United Kingdom
      • HANG SENG (NOMINEE) LIMITED (恒生(代理人)有限公司) Subsidiary · London, United Kingdom
      • HANG SENG BANK (TRUSTEE) LIMITED (恒生銀行信託有限公司) Subsidiary · London, United Kingdom
      • HANG SENG BULLION COMPANY LIMITED (恒生金業有限公司) Subsidiary · London, United Kingdom
      • HANG SENG CREDIT LIMITED (恒生授信有限公司) Subsidiary · London, United Kingdom
      • HANG SENG DATA SERVICES LIMITED (恒生資訊服務有限公司) Subsidiary · London, United Kingdom
      • HANG SENG FINANCE LIMITED (恒生財務有限公司) Subsidiary · London, United Kingdom
      • HANG SENG FINANCIAL INFORMATION LIMITED (恒生財經資訊有限公司) Subsidiary · London, United Kingdom
      • HANG SENG FUTURES LIMITED Subsidiary · London, United Kingdom
      • HANG SENG INDEXES COMPANY LIMITED (恒生指數有限公司) Subsidiary · London, United Kingdom
      • HANG SENG INSURANCE COMPANY LIMITED (恒生保險有限公司) Subsidiary · London, United Kingdom
        • IMENSON LIMITED Subsidiary · London, United Kingdom
      • HANG SENG INVESTMENT MANAGEMENT LIMITED (恒生投資管理有限公司) Subsidiary · London, United Kingdom
        • HANG SENG AI ADVANCEMENT ETF Fund · Central, Hong Kong
        • HANG SENG ASIAN GROWTH AND INCOME FUND Fund · Central, Hong Kong
        • HANG SENG CHINA A INDUSTRY TOP INDEX FUND Fund · Central, Hong Kong
        • HANG SENG CHINA ENTERPRISES INDEX ETF Fund · Central, Hong Kong
        • HANG SENG CHINA ENTERPRISES INDEX FUND Fund · Central, Hong Kong
        • HANG SENG CHINA INDEX FUND Fund · Central, Hong Kong
        • HANG SENG CHINA NEW ECONOMY INDEX ETF Fund · Hongkong, Hong Kong
        • HANG SENG CMS BLOOMBERG US TREASURY 1-3 YEAR INDEX ETF Fund · Central, Hong Kong
        • HANG SENG CMS BLOOMBERG US TREASURY 7-10 YEAR INDEX ETF Fund · Central, Hong Kong
        • HANG SENG CONTINENTAL EUROPEAN INDEX FUND Fund · Central, Hong Kong
        • HANG SENG CORPORATE SUSTAINABILITY INDEX FUND Fund · Central, Hong Kong
        • HANG SENG FTSE CHINA 50 INDEX ETF Fund · Central, Hong Kong
        • HANG SENG FTSE HONG KONG EQUITY ETF Fund · Central, Hong Kong
        • HANG SENG GLOBAL BALANCED FUND Fund · Central, Hong Kong
        • HANG SENG GLOBAL CONSERVATIVE FUND Fund · Central, Hong Kong
        • HANG SENG GLOBAL INVESTMENT GRADE BOND FUND Fund · Hongkong, Hong Kong
        • HANG SENG GLOBAL TECHNOLOGY FUND Fund · Central, Hong Kong
        • HANG SENG GOLD ETF Fund · Central, Hong Kong
        • HANG SENG HIGH DIVIDEND 30 INDEX ETF Fund · Central, Hong Kong
        • HANG SENG HONG KONG EQUITY FUND Fund · Central, Hong Kong
        • HANG SENG HSCEI COVERED CALL ACTIVE ETF Fund · Hong Kong, Hong Kong
        • HANG SENG HSCEI DAILY (1.5X) LEVERAGED FUND Fund · Central, Hong Kong
        • HANG SENG HSI DAILY (1.5X) LEVERAGED FUND Fund · Central, Hong Kong
        • HANG SENG INDEX FUND Fund · Central, Hong Kong
        • HANG SENG INVESTMENT FUNDS SERIES IV Fund · Central, Hong Kong
        • and 23 more
      • HANG SENG INVESTMENT SERVICES LIMITED (恒生投資服務有限公司) Subsidiary · London, United Kingdom
      • HANG SENG REAL ESTATE MANAGEMENT LIMITED (恒生物業管理有限公司) Subsidiary · London, United Kingdom
      • HANG SENG SECURITIES LIMITED (恒生證券有限公司) Subsidiary · London, United Kingdom
      • HANG SENG SECURITY MANAGEMENT LIMITED (恒生保安管理有限公司) Subsidiary · London, United Kingdom
      • HASEBA INVESTMENT COMPANY LIMITED (恒生投資有限公司) Subsidiary · London, United Kingdom
      • HIGH TIME INVESTMENTS LIMITED (高泰投資有限公司) Subsidiary · London, United Kingdom
      • YAN NIN DEVELOPMENT COMPANY LIMITED (恩年發展有限公司) Subsidiary · London, United Kingdom
    • HSBC Bank (China) Subsidiary · 100% · Shanghai, China
    • HSBC Bank Canada Subsidiary · 100% · Vancouver, British Columbia, Canada
    • HSBC Bank Chile Subsidiary · 100% · Santiago, Chile
    • HSBC Bank Malaysia Subsidiary · 100% · Kuala Lumpur
    • HSBC Bank USA Subsidiary · 100% · Mclean, Virginia, United States
      • CAPCO/COVE, INC. Subsidiary · London, United Kingdom
      • CARD-FLO #1, INC. Subsidiary · London, United Kingdom
      • CARD-FLO #3, INC. Subsidiary · London, United Kingdom
      • HSBC COLUMBIA FUNDING, LLC Subsidiary · New York, New York, United States
      • HSBC GLOBAL ASSET MANAGEMENT (USA) INC. Subsidiary · New York, New York, United States
        • 7 more
      • HSBC INSURANCE AGENCY (USA) INC. Subsidiary · London, United Kingdom
      • HSBC MORTGAGE CORPORATION (USA) Subsidiary · New York, New York, United States
      • HSBC OVERSEAS INVESTMENTS CORPORATION (NEW YORK) Subsidiary · London, United Kingdom
        • 1 more
      • HSBC PRIVATE BANK INTERNATIONAL Subsidiary · London, United Kingdom
      • HSBC REALTY CREDIT CORPORATION (USA) Subsidiary · London, United Kingdom
        • 1 more
      • WESTMINSTER HOUSE, LLC Subsidiary · London, United Kingdom
    • HSBC Continental Europe, Poland Subsidiary · 100% · Warsaw
    • HSBC Finance Subsidiary · 100% · Chicago, Illinois, United States
      • Beneficial Corporation London, United Kingdom
        • 18 more
      • BENEFICIAL FINANCIAL I INC. Subsidiary · London, United Kingdom
      • HFC COMPANY LLC Subsidiary · London, United Kingdom
        • 10 more
      • HOUSEHOLD CAPITAL MARKETS LLC Subsidiary · Wilmington, Delaware, United States
      • HOUSEHOLD POOLING CORPORATION Subsidiary · Chicago, Illinois, United States
      • HSBC CARD SERVICES INC. Subsidiary · Chicago, Illinois, United States
      • HSBC CONSUMER LENDING (USA) INC. Subsidiary · London, United Kingdom
      • HSBC HOME EQUITY LOAN CORPORATION II Subsidiary · London, United Kingdom
    • HSBC Life Subsidiary · 100% · Singapore
    • HSBC North America Holdings Subsidiary · 100% · New York, New York, United States
      • HSBC USA New York, New York, United States
        • 4 more
      • HSBC - North America (U.S.) Pension Trust Subsidiary · Chicago, Illinois, United States
      • HSBC AMERICAS CORPORATION (DELAWARE) Subsidiary · London, United Kingdom
      • HSBC MARKETS (USA) INC. Subsidiary · New York, New York, United States
        • 4 more
      • HSBC TECHNOLOGY & SERVICES (USA) INC. Subsidiary · Chicago, Illinois, United States
      • REAL ESTATE COLLATERAL MANAGEMENT COMPANY Subsidiary · Chicago, Illinois, United States
    • HSBC Private Bank Subsidiary · 100% · Geneva
    • HSBC Turkey Subsidiary · 100% · Istanbul
    • The Hongkong and Shanghai Banking Corporation Limited Subsidiary · 100% · Hong Kong
    • HSBC Bank Argentina Subsidiary · 99.99% · Buenos Aires
    • HSBC Continental Europe Subsidiary · 99.99% · Paris, France
      • HSBC Transaction Services London, United Kingdom
      • CCF & PARTNERS ASSET MANAGEMENT LIMITED Subsidiary · Birmingham, United Kingdom
      • CCF CHARTERHOUSE GMBH Subsidiary · London, United Kingdom
      • CHARTERHOUSE ADMINISTRATORS (D.T.) LIMITED Subsidiary · London, United Kingdom
      • CHARTERHOUSE MANAGEMENT SERVICES LIMITED Subsidiary · London, United Kingdom
      • FONCIERE ELYSEES Subsidiary · London, United Kingdom
        • 2 more
      • HLF Subsidiary · Paris, France
        • 6 more
      • HSBC FACTORING (FRANCE) Subsidiary · Paris, France
      • HSBC GLOBAL ASSET MANAGEMENT (DEUTSCHLAND) GMBH Subsidiary · London, United Kingdom
      • HSBC OPERATIONAL SERVICES GMBH Subsidiary · Düsseldorf, Germany
      • HSBC PRIVATE BANK (LUXEMBOURG) S.A. Subsidiary · Luxembourg, Luxembourg
        • 2 more
      • HSBC SERVICE COMPANY GERMANY GMBH Subsidiary · Düsseldorf, Germany
      • HSBC SERVICES (FRANCE) Subsidiary · London, United Kingdom
      • HSBC TRINKAUS & BURKHARDT GESELLSCHAFT FÜR BANKBETEILIGUNGEN MBH Subsidiary · London, United Kingdom
        • 3 more
      • S.A.P.C. UFIPRO RECOUVREMENT Subsidiary · London, United Kingdom
      • SAF BAIYUN Subsidiary · Paris, France
      • SAF GUANGZHOU Subsidiary · Paris, France
      • SFM Subsidiary · Paris, France
        • 4 more
      • SOCIETE FRANCAISE ET SUISSE Subsidiary · London, United Kingdom
        • 1 more
      • SOMERS DUBLIN DESIGNATED ACTIVITY COMPANY Subsidiary · London, United Kingdom
      • VALEURS MOBILIERES ELYSEES Subsidiary · London, United Kingdom
    • HSBC Mexico Subsidiary · 99.99% · HSBC Tower
    • HSBC Bank Egypt Subsidiary · 94.53% · Cairo
    • HSBC Trinkaus & Burkhardt Subsidiary · 80.65% · London, United Kingdom
      • HSBC Global Asset Management - Germany Subsidiary · Düsseldorf, Germany
      • HSBC TRINKAUS REAL ESTATE GMBH Subsidiary · London, United Kingdom
        • 4 more
      • Internationale Kapitalanlagegesellschaft mbH Subsidiary
    • and 66 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Founded by Imperial Bank of Persia in 1889.1

In 1959, HSBC purchased the London-headquartered British Bank of the Middle East, the former Imperial Bank of Persia that had been renamed in 1952 following expropriation from its historic operations in Iran. By then, the BBME had offices in Bahrain, Kuwait, Jordan, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, the Trucial States (later UAE), Tunisia, and Yemen.

During the 1960s and 1970s the bank left Syria, Iraq, South Yemen and Libya after nationalisation of the respective banking sectors. BBME also opened a branch in Djibouti in 1975 that it closed in 1986, having failed to adapt itself to the market. HSBC operated in the Palestinian Territories until 31 December 2015. All operations of HSBC, including personal and commercial banking and headquarters in Ramallah, were closed by 31 December 2015.

In 1978, the BBME's operations in Saudi Arabia was transferred to a new venture, the Saudi British Bank, in which HSBC held a minority stake of 40 percent.

In 1999, the BBME's head office was relocated from London to Jersey. On that occasion, it was renamed as HSBC Bank Middle East.

In 2013, HSBC Jordan's banking business consisted of four branches with gross assets of approximately $1.2 billion. On 19 June 2014, Arab Jordan Investment Bank (AJIB) acquired HSBC Jordan. Almost all employees were expected to transfer to AJIB.

In June 2016, the bank again transferred its place of incorporation and head office from Jersey to Dubai International Financial Centre, Dubai, UAE.

On 16 November 2016, HSBC announced the sale of its Corporate, Retail Banking and Wealth Management business in Lebanon to BLOM Bank. The sale was completed on 13 June 2017. All employees were transferred to BLOM Bank S.A.L. as part of the agreement.

From Wikipedia’s article on HSBC Bank Middle East, shared under CC BY-SA 4.0.4

Products and brands

  • financial services

Listed on Wikidata.1

International Operations

Algeria: HSBC has had a presence in Algeria since August 2008 when HSBC France opened a registered office and branch in Algiers.

In 2009, HSBC France transferred the supervision of the bank to HBME. The bank has two branches located at the cities of Algiers (head office) and Oran. It offers banking products and services for Corporate, as well as Retail Banking customers.

Kuwait: The Imperial Bank of Iran opened a branch in 1942. It left the country in 1971 following the nationalisation of all foreign bank operations.

The bank formally reestablished a presence in Kuwait in October 2005 after receiving a license by Kuwait's Council Of Ministers.

Read the full text

The bank has a branch located in AlHamra Tower, in Kuwait City, offering Corporate banking, Investment banking, Private banking and Treasury services.

Qatar: The BBME initiated its presence in Qatar in 1954. The bank offers a full range of cross-border banking products and services including Retail Banking, Commercial and Global Banking, Wealth Management and Offshore banking. HSBC is the largest foreign bank in Qatar and has three branches in Doha, located at Airport Road, City Center and Salwa, as well as a network of ATMs at 11 locations.

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.

Former international operations

Bahrain: The Imperial Bank Of Iran first opened a branch in Bahrain in 1944.

In early 2025, HSBC sold it retail banking section to Bank of Bahrain and Kuwait.

Jordan: British Bank of the Middle East (BBME) began operations in 1949, HSBC acquired BBME in 1959. In January 2014, HSBC officially sold its operations to Arab Jordan Investment Bank.

Lebanon: British Bank of the Middle East (BBME) began operations in 1946, HSBC acquired BBME in 1959. The bank officially finalized its complete corporate sale in 2017 to BLOM Bank.

Oman: The Imperial Bank of Iran started operating in the Sultanate in 1948, and for two decades was the only bank operating in the country. The bank assisted in the issuance of the first Omani currency in 1970. It provides a wide range of banking services for both corporate and retail banking customers. In recent years HSBC Oman has expanded to over 90 branches and in addition has a full-service trading operation, private banking operation, and a custodial service for the Muscat Securities Market. In 2012, HSBC merged with Oman International Bank and by the end of 2012 all OIB branches had been rebranded as HSBC Bank Oman S.A.O.G.

On August 17, 2023. HSBC sold its retail banking operations to Sohar International Bank.

Pakistan: HSBC started its operations in Pakistan in 1982 with limited presence in three major cities. HSBC's offices in Pakistan were operated by The Hongkong and Shanghai Banking Corporation initially. In 2008, The Hongkong and Shanghai Banking Corporation merged its Pakistan banking business with HSBC Bank Middle East Limited. Over the course of next 4 year, it expanded its operations to all major cities of Pakistan and operated as a full-service bank. At its peak, it had 12 offices, 24/7 telephone call centre, and HSBC Premier. The bank also offered NRP (Non-Resident Pakistani) services. Out of its branches, four were located in Karachi, two each in Lahore and Islamabad, and one each in Rawalpindi, Faisalabad, Sialkot and Multan. All the cities served also offered Premier Centres.

On 9 May 2014, HSBC Bank Middle East (HBME) entered into an agreement to sell its banking business in Pakistan to Meezan Bank, citing strategy of scaling back its operations in markets with limited scale. The transaction, after regulatory and other customary approvals, completed on 14 October 2014. All employees in the business were offered positions with Meezan upon completion.

Palestine: HSBC formally entered the Palestinian market in 1998. On December 31, 2015, HSBC completely wound down its operations and closed its Ramallah headquarters, permanently exiting the Palestinian banking sector.

From Wikipedia’s article on HSBC Bank Middle East, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

From Wikidata.1

Timeline

  1. 1889Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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