HSBC has been present in Oman since 1948 and for two decades was the only bank operating in the country. In 1970 it assisted in the first issue of the Omani currency.
Over the years the bank has delivered a number of “firsts” for Oman, including being the first to offer ATMs, provide international ATM cash withdrawals, introduce an online banking system, and offer commercial electronic banking through its “Hexagon” product.
Today HSBC Bank Oman provides a wide range of banking services for both corporate and retail customers.
Find out more about the history of HSBC in the Middle East.
Children learn the joy of books through the Kids Read programme, run by HSBC, the British Council and the Ministry of Education
HSBC Bank Oman plays a significant role in the Omani community with its active Corporate Sustainability program, focusing on education, environment and community projects.
Partnering with "Globe" program administered by Ministry of Education, our volunteers have visited schools which are connected to "Globe" in four districts (Muscat, Dhahira, Batinah, Dhakhliyah) to highlight to the students the importance of playing an active role in protecting earth and its resources, most important resource being water.
Kids Read, a program introduced by HSBC in partnership with the British Council and Ministry of Education, has been running in Oman since 2011. The program aims to instill in children the joy of reading outside the classroom.
Having attended exclusive workshops led by a professional British Council trainer and storyteller, HSBC Bank Oman volunteers continue to read to children in a number of Government schools. The program's geographical coverage will widen beyond the capital Muscat in 2013-2014.
A major environmental project that HSBC Bank Oman continues to fund for the fourth year in a row. A project initiated and administered by the Environmental Society of Oman, it aims at improving the cultivation of the Frankincense trees to elevate the harvest of the frankincense.
HSBC Bank Oman continues to support Dar Al Atta, a local charity organization. Notable projects include supporting underprivileged students and Ramadan community campaigns.
Ramadan campaign was launched this year to engage customers and employees to raise funds for underprivileged children and families in Oman. Al Rahma Charitable Organization was instrumental to ensuring staple food supplies provided under the campaign reached deserving families.
For more information about our global sustainability activities please visit our corporate website.
Chinese companies have been stepping up their global investment spree in the past 12 months. Mergers and acquisitions by private companies are becoming the key drivers of China’s outbound direct investment.
Emerging economies have increased their share of global trade but overall growth has slowed. Our trade economists explain that new trade deals could promote much-needed reform in the face of continued protectionism.
Southeast Asia has long been a promising but disparate collection of smaller markets, but that is rapidly changing. Economic cooperation is set to reach a new level on 31 December 2015.