Mashreq Bank
Oldest private bank in UAE
Industry:Banking
Year Founded:1967
Headquarters Location:Dubai, United Arab Emirates
Major Achievements:First bank in the UAE to introduce ATMs, credit cards, and consumer loans; among the earliest adopters of online and mobile banking in the Middle East; expanded operations across Europe, Asia, and the United States; recognized for innovation and digital excellence in regional banking awards.
Mashreq Bank is one of the oldest privately owned banks in the UAE was founded in 1967 under the name Bank of Oman. Headquartered in Dubai, it played a pioneering role in shaping the UAE’s modern banking sector, introducing several firsts such as ATM services, debit and credit cards, consumer loans, and digital banking channels. The bank officially adopted the name “Mashreq Bank” in 1993 to reflect its broader regional and international ambitions. Over the decades, Mashreq has grown from a local commercial bank into a diversified financial institution with operations spanning retail, corporate, investment, and Islamic banking. It maintains a strong international presence with branches and representative offices in key markets, including New York, London, Hong Kong, Mumbai, Doha, Cairo, and Bahrain. Mashreq is regulated by the Central Bank of the UAE and is listed on the Dubai Financial Market (DFM). It has consistently focused on technology-led banking solutions and financial innovation, establishing itself as a leader in digital transformation across the region.