HSBC Bank Middle East Limited

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).

Contacts

HSBC House, Esplanade, JE4 8UB, St Helier, Jersey
315

HSBC Bank Middle East Limited was headquartered in St Helier.

Close Date
30 June 2016

Credit Ratings (as of May 2018)

Fitch Moody's
- (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.

Moody's

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 Rating  A2
Long-Term Bank Deposit Rating  A2
Bank Financial Strength Rating  baa2
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of HSBC Bank Middle East Limited is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee
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
Covered Currencies  all
Maximum Protected Amount  50 000 GBP
Paid In Currency  GBP

Further Information

European Presence: 20 banks in 17 countries

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:

Belgium

Bermuda

Czech Republic

France

Guernsey

Ireland

Isle of Man

Italy

Jersey

Luxembourg

Malta

Netherlands

Poland

Spain

Switzerland

Turkey

United Kingdom

Defunct Banks: 3 banks in 2 countries

The following banks operating under HSBC Bank brand name has been recently closed down:

Cayman Islands

Jersey

  •  (this bank) HSBC Bank Middle East Limited (St Helier)