Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

HSBC Oman combines local knowledge and global reach  Join our daily free Newsletter

MENAFN - Muscat Daily - 12/02/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Muscat Daily) The year 2012 was filled with momentous occasions for HSBC as the bank's operations in Oman, represented by HSBC Middle East Ltd, joined forces with Oman International Bank to become a major player in Oman's evolving banking sector. The merger was completed in June 2012 and the new entity, HSBC Bank Oman SAOG, was born, bringing with it a wealth of knowledge and experience.

Systems integration and brand reveal were officially marked in December 2012 at a ceremony held at HSBC Bank Oman's iconic golden door head office in Al Khuwayr. The bank's chairman, Simon Cooper, its chief executive officer, Ewan Stirling, the board of directors and senior leadership team joined HE Dr Omar bin Abdulmuneim al Zawawi, special adviser to His Majesty for external liaison and HE Hamood bin Sangour al Zadjali, executive president of the Central Bank of Oman, to celebrate the new entity's emergence into Oman's robust banking sector.

According to a press release, HSBC Bank Middle East Limited started its operations in Oman in 1947 and was instrumental in establishing a modern banking system in the sultanate as well as being a key partner in the country's growth. Today, HSBC Bank Oman is the second largest bank in the sultanate in terms of branch network, with over 80 branches, 143 ATMs and a workforce of more than 1,000 employees that are now part of HSBC's global operations of around 7,500 offices in over 80 countries and territories.

The merger has reinforced the bank's commitment to Oman and its people to help more families and businesses unlock their potential and maximise local and international opportunities. During the six months since the merger was first announced, significant efforts have been made to combine the two banks and ensure all of the branches meet HSBC's international standard and offer the same consistent high quality of service.

The bank has invested heavily in new technology to streamline operations and develop a single systems platform to make the transition as smooth as possible for the bank's 400,000 retail customers and 10,000 corporate clients. In December, all OIB branches were rebranded to unite the bank's branches in the sultanate's various governorates with HSBC's signature red hexagon logo. The impact of the behind- the-scenes changes will be felt in the new products, banking platforms as well as HSBC's global access.


 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help