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British Arab Commercial Bank

British Arab Commercial Bank
Company nameBritish Arab Commercial Bank Limited
IndustryFinance
Founded1972
HeadquartersLondon, England, UK
Key peopleAndrew Dixon, Chairman
Michael Parr, CEO
ProductsFinancial Services

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The British Arab Commercial Bank Limited (BACB), based in London, England, is a wholesale banking institution providing trade and project finance for Arab markets. The bank’s largest single shareholder at 49% is HSBC Bank Middle East, a member of the HSBC Group. BACB’s other shareholders are Libyan Foreign Bank (26%), Central Bank of Egypt (8%), Bank Al-Maghrib (Morocco; 8%), and Banque Extérieure d’Algérie (8%). The bank has representative offices in Algiers and Tripoli (Libya).

The bank was established on 1972 as UBAF Limited, with Midland Bank as the largest single shareholder. The bank’s name was changed to UBAF Bank Limited on 4 January 1977. It became an affiliate of the HSBC Group when HSBC acquired Midland Bank in 1992. The bank's name took its current form on 4 March 1996.



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HSBC Group

Corporate directors:Safra Catz * Vincent Cheng * Marvin Cheung * John Coombe * José Durán * Rona Fairhead * Douglas Flint * Sandy Flockhart * William Fung * Michael Geoghegan (CEO) * Stephen Green (Chairman) * Stuart Gulliver * James Hughes-Hallett * William Laidlaw * Rachel Lomax * Sir Mark Moody-Stuart * Gwyn Morgan * Narayana Murthy * Simon Robertson * John Thornton * Sir Brian Williamson
Brands:First Direct * Hang Seng Bank * HSBC * HSBC Bank International * HSBC Direct * HSBC Premier * HSBC Private Bank * HSBC Rail * HSBC Trinkaus * M&S Money * Proa * SABB
Principal local banks:Argentina * Brazil * Canada * China * Egypt * France * Germany * Hong Kong * Malaysia * Middle East * Mexico * Saudi Arabia * United Kingdom * United States
Minority stakes and joint ventures:Bank of Communications (19%) * HSBC Saudi Arabia (60%) * British Arab Commercial Bank (47%) * SABB (40%) * Ping An (19.9%) * Techcombank (15%) * Bao Viet Holdings (18%) * Bank of Shanghai (8%) * Axis Bank (4.99%)



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