Mashreq (bank)

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Mashreqbank PSC
IndustryFinancial services
Number of locations
45 domestic branches
20 international branches (2013)
Key people
Abdulla Al Ghurair (Chairman)
Ahmed Abdelaal (CEO)
ServicesRetail banking
Asset management
Investment banking
RevenueIncrease$2.21 billion (2015)[1]
Number of employees
SubsidiariesSee this list

Mashreqbank PSC (Arabic: بنك المشرق Orient Bank), a bank in the United Arab Emirates. It is the oldest privately owned bank in that country. The bank was established in 1967 as Bank of Oman. This was before the formation of the UAE. It was the first bank in the UAE to install ATM cash machines, the first to issue debit and credit cards and the first to offer consumer loans.

Mashreq Bank offers Islamic banking services, including deposits, loans and credit cards, corporate finance and investment and conventional and Islamic asset management services.

References[change | change source]

  1. "Mashreq Bank on the Forbes Global 2000 List". Forbes.
  2. 2.0 2.1 "Mashreq Bank PSC Profile". Zawya Ltd.