International bonds: Mashreqbank, FRN 12feb2020, USD (XS1951367181)
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About Mashreqbank
Mashreqbank, also known as Mashreq, holds a significant position in the financial landscape of the United Arab Emirates and the broader Middle East. Established in 1967 as the Bank of Oman, it boasts a rich ...
About MashreqbankMashreqbank, also known as Mashreq, holds a significant position in the financial landscape of the United Arab Emirates and the broader Middle East. Established in 1967 as the Bank of Oman, it boasts a rich history as the oldest privately owned bank in the UAE and is recognized as one of the region's most venerable banking institutions. Mashreqbank has consistently evolved with the times and has embraced modern banking practices. Today, it offers a comprehensive range of financial services, including online banking and e-commerce capabilities, catering to the diverse needs of its clientele. With a global reach, Mashreqbank has extended its footprint with 16 overseas offices situated across 12 countries. These offices are strategically located to serve a variety of business segments and markets. The bank maintains corporate banking operations in key financial hubs such as Bahrain, Qatar, Kuwait, and India. Furthermore, it plays a vital role in both corporate and retail banking sectors in Egypt and conducts foreign exchange operations in Bangladesh, Pakistan, and Nepal. Additionally, Mashreqbank has established full-service branches in prominent international financial centers, including New York, London, and Hong Kong, to facilitate global financial transactions. Mashreqbank's commitment to serving its diverse customer base is exemplified through its offering of both conventional and Islamic personal and investment banking services. Additionally, the institution provides asset management services, allowing clients to grow and safeguard their wealth through a variety of investment products. The bank's dedication to innovation, coupled with its extensive range of services, positions Mashreqbank as a prominent player in the banking industry, catering to a diverse array of customer flow business requirements across the Middle East and beyond. Key Features
History of MashreqbankMashreqbank has a rich and storied history that dates back to its humble beginnings in Dubai in 1967. It has since evolved into one of the oldest banks in the UAE and stands as a testament to over five decades of excellence. Today, Mashreqbank is a prominent financial institution that holds a strong presence not only in the United Arab Emirates (UAE) but also across the international stage, spanning Europe, Asia, Africa, and the United States, as well as the financial capitals of the world. Throughout its history, Mashreqbank has been characterized by its pioneering spirit and a commitment to innovation. The bank has consistently been a first mover, driven by a dedication to delivering products and services that cater to the ever-changing needs of its customers. From its inception, Mashreqbank has played a leading role in developing groundbreaking financial products and services. It has been at the forefront of various milestones in the financial services sector. Noteworthy examples include being the first UAE bank to install ATM cash dispensers, introducing debit and credit cards for the first time, and pioneering consumer loans. Mashreqbank's creative approach and unrivaled reputation for providing innovative solutions have earned the institution numerous awards and accolades over the years. The bank continually introduces value-added products and services that resonate with its customers and consistently garners recognition from esteemed industry bodies. In 2022, Mashreqbank's commitment to innovation and its unwavering consistency and prudence were acknowledged with a series of awards. Notably, it was recognized as the 'Most Innovative Bank in the Middle East' by Euromoney. These accolades stand as a testament to the bank's ability to strike a winning balance between innovation and stability, making it a reliable and profitable choice for its customers. Mashreqbank Services
Mashreqbank Products
ReliabilityMashreq Bank's long-standing history and reputation as one of the oldest privately owned banks in the UAE, dating back to its founding as the Bank of Oman in 1967, provide a foundation for its reliability. With a presence that extends to over 16 overseas offices in 12 different countries and more than 5,000 employees, Mashreq Bank has established itself as a prominent financial institution with a global footprint. Additionally, managing approximately AED 2.9 trillion in assets further demonstrates the bank's substantial presence in the financial sector. Mashreq Bank's commitment to the security of its customers' accounts is a testament to its reliability. The bank emphasizes the importance of safeguarding its customers' financial interests and continuously invests in upgrading online security features to ensure that customers are always protected. This proactive approach to security reinforces Mashreq Bank's reliability and dedication to maintaining the trust of its clients. Considering its long history, global presence, substantial asset management, and commitment to security, Mashreq Bank can be considered a reliable financial institution that places a strong emphasis on the well-being and trust of its customers. FAQWhich country owns Mashreq Bank?Mashreq Bank is owned and operated in the United Arab Emirates. It is the oldest privately owned bank in the UAE, with its headquarters and operations based in the country. Is Mashreq Bank an Islamic bank?Mashreq Bank is not an Islamic bank. However, it has an Islamic banking division called Mashreq Al Islami, which specializes in providing a wide range of Shari'ah-compliant corporate and retail financial products. While Mashreq Bank itself is a conventional bank, Mashreq Al Islami caters to customers who seek Islamic banking solutions. How good is Mashreq Bank?Mashreq Bank holds a favorable credit rating from Fitch Ratings. Fitch has affirmed Mashreq's Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook, and its Short-Term IDR at 'F1'. Additionally, Fitch has affirmed Mashreq's Viability Rating (VR) at 'bb+'. These ratings reflect the bank's strong financial standing and its ability to meet its financial obligations. An 'A' Long-Term IDR rating and a 'F1' Short-Term IDR rating indicate that Mashreq Bank is considered to have a low credit risk, and it is well-positioned to honor its long-term and short-term financial commitments. The 'Stable Outlook' suggests that Fitch anticipates a steady financial performance from the bank in the foreseeable future. Furthermore, a 'bb+' Viability Rating suggests that Mashreq Bank maintains a reasonable level of financial strength and resilience. It signifies the bank's capacity to navigate economic challenges and sustain its operations effectively. In summary, based on the information from Fitch Ratings, Mashreq Bank is considered to be in a good financial standing with a favorable credit rating, indicating its ability to fulfill its financial obligations and its overall stability in the financial sector. What is Mashreq Bank's SWIFT code?The SWIFT code for Mashreq Bank is indeed BOMLAEAD. This SWIFT code is used for international wire transfers and to identify the specific branch of the bank when necessary. |
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bonds globally
pricing sources
stocks
ETF
full data on over 700 000 bonds, stocks & ETFs; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.
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