About the bank:
This is the oldest privately-owned bank in the United Arab Emirates. It was founded in the year 1967 as the Bank of Oman. This was the first bank in the UAE to install ATM cash dispensers. It was also the first bank to issue debit and credit cards and also was the first bank to issue consumer loans. In today's time, it provides personal banking services which include deposits, loans and credit cards. The bank also offers certain services like conventional and Islamic investment banking services which includes corporate finance and investment, mergers and acquisitions, public offering, underwriting, asset management services that includes wealth management. The bank has its headquarters in Dubai UAE. It has 45 domestic branches and 20 international branches. It provides the following three services namely retail banking, asset management and investment banking. The number of employees currently working with the bank are 4000. Mashreq has 12 offices overseas that are in nine countries that include Europe, United States, Asia and Africa.
International banking facilities of the bank:
The international banking or overseas operations of the bank were centralized in the year 2005. Initially the Hong Kong and UK operations were handled in Dubai. And in the very same year the profits of the bank crossed AED 1 billion and also the assets of the bank reached AED 50 billion in the year 2006.
Services provided by the bank:
The services provided by the bank were in five key areas and they are commercial and investment banking, retail banking, treasury and capital markets, international banking and Islamic banking.
Corporate and investment banking:
This comprises corporate and investment banking customers in the United Arab Emirates. The business lines in this segment include trade finance, contracting finance, project finance, investment banking, etc.
This is another area. It includes services offered to individuals in Qatar, UAE and Egypt. Current accounts, saving accounts, fixed deposits, investment products, personal loans, business loans etc. are some of its operations.
Treasury and capital markets:
This includes foreign exchange, hedging, investment products, asset management, etc. on behalf of its customers.
This includes banking internationally. It includes export bills collection, trade services, etc.
Offers of the bank:
It offers a variety of things to its customers. The offers include cash back, points, rewards and much more on the credit cards. Their credit cards provide the best offers in the markets. Offers and benefits are provided to card holders locally and internationally on their travel, payment, eating out, and a lot of other activities as well. You can join the social networking sites of the bank to know more about the offers. It can be followed on Face book, Twitter, Linked In, Google+, Instagram and You Tube. To know about any deal or offer it is easy to grab one from these sites and people have the latest news and updates and full knowledge about the bank with the help of these sites. So, join and follow Mashreq Bank on these sites and grab on the latest offers.