Tuesday, October 25, 2016

HSBC UAE: Your Complete And Reliable Business Partner

Leading commercial and business bank
A bank is the top go-to institutions of individuals and organisations for their various financial requirements. People would seek assistance from a bank if they need a loan to invest in a property or buy a new home. Businesses, both starting and currently operational, would also make use of the various services and solutions offered by the bank for their funding requirements.

Not all banks though offer a variety of services and solutions that meet the specific needs of individuals and businesses. However, there is one bank that has been able to meet all the requirements of all their clients from all over the world and for several decades now: HSBC.

trusted commercial and business bank

About HSBC

HSBC is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited. The bank was established in 1865 to finance the growing trade between Europe, India, and China.

The idea behind the establishment of this bank came from Thomas Sutherland, a Scot who was working for the Peninsular and Oriental Steam Navigation Company. He recognised the significant demand for local banking facilities in Hong Kong and on the China coast. As such, he helped establish the bank which opened in Hong Kong in March 1865 and in Shanghai a month later.

HSBC is now one of the world’s largest banking and financial services organisations. Their network covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America, and Latin America. They have around 4,400 offices globally and serve more than 45 million customers worldwide.


HSBC started out as the British Bank of Iran and the Middle East in the UAE in 1946.  It soon withdrew from Iran and was soon renamed the British Bank of The Middle East or BBME. In 1959, the BBME was bought by HSBC. The bank soon opened offices in Saudi Arabia, Yemen, Libya, Qatar, Tunisia, Morocco and UAE.

The bank's head office was transferred to Jersey in 1994. In 1999, it was renamed HSBC Bank Middle East (HBME). 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. Due to this transfer, the HBME is now lead-regulated by the Dubai Financial Services Authority. However, it remains locally regulated in each of the countries in which it operates by the country’s Central Bank and its other regulators.

well-known commercial and business bank

 Business Solutions And Services

HSBC is the perfect financial partner of businesses of various types. This is because of the different services and solutions which they can tailor-fit to meet the specific requirements of their clients. These business solutions and services include:

Working Capital

- Exports
- Imports
- New accounts
- Receivables finance


- Exports
- Imports
- Guarantees


- Clearing and foreign currency payments
- Global corporate cards
- Global payables
- Global receivables
- Liquidity, liability, and investments


Risk Management Solutions

Learn more about HSBC and their offered business and corporate solutions and services on their website.

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