On June 30, 2016 HSBC Bank Middle East Limited transferred its place of incorporation and head office from Jersey to the Dubai International Financial Centre.
HSBC Bank Middle East Limited is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).
HSBC Bank Middle East Limited participates in deposit guarantee scheme of Jersey. This scheme covers accounts up to 50 000 GBP per bank per depositor.
HSBC Bank Middle East Limited is a member of HSBC (United Kingdom).
HSBC Bank Middle East Limited was headquartered in St Helier.
|- (not rated)||A2 (upper medium grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. HSBC Bank Middle East Limited is rated by Moody's.
Credit ratings assigned to HSBC Bank Middle East Limited as of May 2018 are shown in details in the following sections.
Long-term rating for HSBC Bank Middle East Limited it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is not set. Bank financial strength rating is baa2. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A2|
|Bank Financial Strength Rating||baa2|
Outlook for the ratings of HSBC Bank Middle East Limited is set to negative (may be lowered).
|Yes (up to 50 000 GBP per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Jersey are obliged to participate in Jersey's deposit guarantee scheme.
In the case of HSBC Bank Middle East Limited failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, charities|
|Covered Accounts||all deposit accounts|
|Maximum Protected Amount||50 000 GBP|
|Paid In Currency||GBP|
HSBC Bank Middle East Limited operated under the brand name HSBC Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
The following banks operating under HSBC Bank brand name has been recently closed down: