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Detailed
Information About Mashreq Bank
Mashreqbank
PSC
(Arabic: بنك المشرق Orient Bank) is the oldest privately owned bank in the United Arab Emirates.
Founded as the Bank of Oman in 1967, it was the first bank in UAE to
install ATM cash dispensers, the
first to issue debit and credit cards and the first to introduce consumer
loans. Today Mashreq provides conventional and Islamic personal banking
services including deposits, loans and credit cards; conventional
and Islamic investment banking
services including corporate finance and investment advisory on mergers and
acquisitions, initial in public offering and underwriting; conventional and
Islamic asset management services including wealth management .Mashreq Bank was established in 1967 in Dubai as the Bank of Oman, prior
to formation of the UAE, under a decree of the Ruler of Dubai – Shaikh Rashid Bin Saeed Al
Maktoum. In 1993, the bank changed its name to Mashreq Bank and is
now one of the UAE's leading financial institutions. It has a strong retail and
corporate banking presence throughout the Persian Gulf, with
branches in Egypt, Qatar, Kuwait and Bahrain. The Mashreq branch network
extends across the UAE, with 50 percent of households banking with the company.
It also has customer service centers in key retail locations and one of the
largest ATM networks in the country. In addition the bank has overseas offices
in 11 countries across Europe, North America, Asia and Africa. The first branch
of the Bank of Oman – as it was then known – opened in Deira in 1967, which was
followed by a second branch opening on the other side of Dubai Creek in Bur
Dubai. The next few years saw additional branches open in Al Ain and Abu Dhabi.
In 1971 the UAE was formed and the Qatar-Dubai Riyal (QRD) was replaced with
the Dirham (AED) as the official currency of the state. The Bank of Oman became
the first UAE bank to open a branch in Doha, Qatar. Five years later the bank established a branch
network, reaching 10 local branches in 1976. The Deira headquarters opened a
year later and all of the head office functions – previously housed in various
branches – moved to the building. Soon after, Khorfakkan, Riqqa and Dhaid
branches were inaugurated, as the bank's assets crossed the AED2 billion mark. From 1978 the company turned its focus to more
international ventures. Business extended to markets in Egypt, Pakistan, London
and Hong Kong. In addition, with the opening of branches in Kalba, Dibba,
Fujairah and Um Al Quwain, the bank became the first and only bank in the UAE
with a presence in all the seven Emirates] A training centre, which
began life as a library, was established in 1981 to help workers enhance their
skills and knowledge. Subsequently, it expanded to a fully fledged training
facility catering to all learning and development needs of the bank's staff. As
a department it managed all in-house and external training needs of the bank.
Shortly after this, it became the first local bank to introduce credit cards
with Visa tie-up
List Of
Vacant Positions (New Updates)
1) Senior Auditor (Operations Audit)
2) Cluster Lead Retail Technology
3) Channels Manager Retail Technology
4) Transformation Specialist
5) Risk Management Model Manager
Bank
Name:-Mashreq Bank
Job Location:-Across
UAE
Nationality :-Selective (Update)
Experience:-Mandatory
Education:-Equivalent
Degree
Salary Range:-Depending
Upon Position
Benefits:-Excellent
How To
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