A recent press report said that HSBC Bank Middle East Limited (HSBC) had sponsored the second Oman Capital Markets Forum. Reports said that the two-day event was prearranged by Oman International Trade and Exhibitions (CITE) in association with Muscat Securities Market and the Capital Markets Authority of Oman.
Reports also said that HSBC has offered sub-custody and clearing services to international and local institutional investors from the time the Oman capital market first opened to foreign investors in 1996.
According to Mr. Madhur Bhandari, Head of HSBC Oman Securities Services HSBC bank has a long-term commitment to Oman and the Middle East. He said that HSBC plays an active role in the development of the Middle East markets.
He also said that the HSBC has formed a team of local experts who are working closely with the country’s market authorities to drive the changes in aligning the market more closely with international standards. He added saying that the forum presented a platform for HSBC to share their innovative ideas and best practices with key industry participants in the Middle East and North Africa region.
HSBC is the world’s second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine. Its loan portfolio includes home loan, personal loan, car loans, loan against property, education loan etc.