Mashreq (bank)

Oldest privately owned bank in UAE

Mashreq Bank

Company type| Public

Traded as

| DFM: MASQ
Industry| Financial services
Founded| 1967; 57 years ago (1967)
Headquarters| Dubai, United Arab Emirates

Number of locations

| 29 (2022)[1]

Key people

| Abdulla Al Ghurair (Chairman)
Ahmed Abdelaal (CEO)
Services| Retail banking
Asset management
Investment banking
Revenue|  AED 3.7 Billion (2022) [2]

Number of employees

| 5,400[3]
Website| mashreqbank.com

Mashreq (Arabic: بنك المشرق) is the oldest privately owned bank in the United Arab Emirates and one of the oldest banking institutions in the Middle East.[4] Founded as the Bank of Oman in 1967, it now offers online banking and e-commerce.[5][6]

Mashreq has 16 overseas offices in 13 countries, with corporate banking businesses in Bahrain, Qatar, Kuwait, and India, as well as corporate and retail banking in Egypt and foreign exchange businesses in Bangladesh, Pakistan, and Nepal. There are also full-service branches in New York, London, and Hong Kong.[7]

Mashreq provides conventional and Islamic personal and investment banking and asset management services.[8][9] Mashreq through its app Mashreq Neo also offers instant personal cash loans to citizens residing in the UAE.[10] Mashreq app features are similar to a standard banking app, which includes the latest news and updates, allows for account transactions, enables paying utility bills directly from the app, tracks Salaam rewards, and more.[11]

## Products[edit]

Product offerings include:

* NeoBiz[12]
* Digital IPO[13]
* Blockchain with DIFC,[14] and launched the Titan platform for comprehensive corporate banking offering.

## See also[edit]

* Banks portal

* Islamic banking
* Noor Bank
* Emirates NBD

## References[edit]

1. ^ "Equities". Dubai Finance Market.
2. ^ "Mashreq Bank on the Forbes Global 2000 List". Forbes.
3. ^ "Mashreq Bank PSC Profile". Zawya Ltd.
4. ^ "History".
5. ^ "Mashreq Bank launches Digital Banking - Neo". Gulf News.
6. ^ "Mashreq Bank launches business banking value added services". IBS Intelligence.
7. ^ "Mashreq Bank PSC, Mashreq, Mashreqbank". 2016-04-11. Archived from the original on 2016-04-11. Retrieved 2024-01-19.
8. ^ "SHARIA-COMPLIANT INVESTMENT". City Wire Middle East.
9. ^ "Innovation, ESG to spur Islamic finance growth". Islamic finance growth.
10. ^ Digital, Aun (2024-02-05). "15 Best Instant Loan Apps in UAE for Hassle-Free Loans". Digital Marketing News and Insights | Blog – Aun Digital. Retrieved 2024-02-18.
11. ^ Rogers, Abby (22 Apr 2024). "Top Grossing Mobile Banking Apps in 2024 [UAE guide]". Mobile App Blogs | Maven Digital. Retrieved 22 Apr 2024.
12. ^ "Mashreq becomes first bank in UAE to launch digital banking proposition for SMEs". WAM.
13. ^ "Mashreq launches digital initiative to support Dubai's IPO push". Arabian Business.
14. ^ "Dubai's DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform". Gulf Business.

## External links[edit]

* Mashreqbank profile on Zawya
* The Institute of Export page

* v
* t
* e

Members of the Euro Banking Association

Austria|

* Bank für Tirol und Vorarlberg
* BKS Bank
* Erste Group Bank
* Oberbank
* Oesterreichische Nationalbank
* Raiffeisen Bank International
* Raiffeisenlandesbank Oberösterreich
* UniCredit Bank Austria

Belgium|

* Belfius
* BNP Paribas Fortis
* bpost bank
* KBC Bank

Cyprus|

* Bank of Cyprus
* Hellenic Bank

Denmark|

* Danske Bank
* Spar Nord Bank
* Sparekassen Sjælland
* Sydbank

Finland|

* Aktia Bank
* Bank of Åland
* DnB Bank
* Nordea Bank
* Pohjola Bank
* S-Bank

France|

* BNP Paribas
* BPCE
* BRED Banque Populaire
* Crédit Agricole
* Crédit Mutuel Arkéa
* My Money Bank
* La Banque postale
* Société Générale

Germany|

* Bank of America Europe (USA)
* Bank of China (CHN)
* Berenberg Bank
* Commerzbank
* Deutsche Bank
* Deutsche Bundesbank
* DZ Bank
* Landesbank Baden-Württemberg
* Landesbank Hessen-Thüringen
* SECB Swiss Euro Clearing Bank
* Standard Chartered
* UBS Europe
* Unicredit

Greece|

* Alpha Bank
* Eurobank Ergasias
* National Bank of Greece

Hungary|

* OTP Bank

Ireland|

* Allied Irish Banks
* Bank of Ireland
* Elavon

Italy|

* Banca del Fucino
* Banca Monte dei Paschi di Siena
* Banca Popolare del Lazio
* Banca Popolare di Sondrio
* Banca Sella
* Banco BPM
* BFF Bank
* BPER Banca
* Cassa di Risparmio di Fermo
* Credito Emiliano
* ICCREA Banca
* Intesa Sanpaolo
* Raiffeisen Landesbank Südtirol
* UniCredit

Luxembourg|

* Spuerkeess
* Banque Internationale à Luxembourg
* Gazprombank Luxembourg (RUS)

Netherlands|

* ABN AMRO
* De Nederlandsche Bank
* ING Bank
* Rabobank

Portugal|

* Banco BAI Europa (AGO)
* Banco BCP
* Banco Montepio
* Crédito Agrícola

Slovenia|

* Bank of Slovenia

Spain|

* Abanca
* BBVA
* Banco Cooperativo Español
* Banco Sabadell
* Banco Santander
* Bankinter
* CaixaBank
* Cecabank
* Ibercaja Banco
* Kutxabank
* Unicaja Banco

Sweden|

* Handelsbanken
* SEB
* Swedbank

United
Kingdom|

* Barclays
* Citibank Europe (USA)
* HSBC Bank
* JPMorgan Chase Bank, London Branch (USA)
* Lloyds Bank
* MUFG Bank (JPN)
* NatWest
* Wells Fargo (USA)

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