Bank profile · Local conventional bank · 2026
Mashreq Bank: UAE Bank Profile (2026)
Updated September 2026 · CBUAE register verified methodology
Mashreq, founded in 1967, is the oldest bank in the UAE and one of the most digitally advanced, with its Neo platform for everyday banking.
- Type
- Local conventional bank
- Headquarters
- Dubai
- Founded
- 1967
- SWIFT/BIC
- BOMLAEAD
Overview
About Mashreq Bank
Mashreq runs retail, corporate and private banking, but is best known for digital-first accounts, cards and fast international transfers through the Neo app.
The bank is popular with young professionals and expats who rarely visit branches.
Mashreq Bank is a good fit if you need:
- ✓ Digital banking via Mashreq Neo
- ✓ International transfers
- ✓ Credit cards
Products
What Mashreq Bank offers
- Personal loans
- Credit cards
- Mortgages
- Car loans
- Current accounts
- Savings accounts
- Term deposits
- Business & SME banking
- Private banking & wealth
- International transfers
Product line-ups change; confirm the current offer on the bank's website before applying. We deliberately don't publish rates and fees here — they change too often to be evergreen.
Process
How to open an account
-
Pick the product and check the eligibility criteria on the bank's website
-
Apply online or book a branch appointment
-
Pass KYC and submit the document pack
-
Get approval and receive your cards and online-banking credentials
Document pack
- Passport (and Emirates ID, or proof that the residence visa is in process)
- Salary certificate or employment contract — for salaried applicants
- Trade licence and corporate documents — for business owners
- Proof of address in the UAE (e.g., Ejari or a utility bill)
- 3–6 months of bank statements if the bank's policy requires it
Timeline depends on the bank's compliance review; salary-transfer applicants are usually approved faster.
Key facts
Mashreq Bank — key facts
| Type | Local conventional bank |
|---|---|
| Headquarters | Dubai |
| Founded | 1967 — the oldest bank in the UAE |
| Ownership | — |
| SWIFT/BIC | BOMLAEAD |
| Website | mashreq.com |
| Head office | Mashreq Global Headquarters, Burj Khalifa District, Dubai |
Location
Where to find Mashreq Bank
Head office: Mashreq Global Headquarters, Burj Khalifa District, Dubai
Branch networks and visitor access change — confirm the address and opening hours on the bank's website before you go. The map searches the bank's head office by name; verify the pin before travelling.
FAQ
Mashreq Bank — FAQ
What kind of bank is Mashreq Bank?
Mashreq Bank is a local conventional bank in the UAE. Founded in 1967 (the oldest bank in the UAE); headquartered in Dubai.
What is the SWIFT code of Mashreq Bank?
The SWIFT/BIC code of Mashreq Bank for international transfers is BOMLAEAD. Always confirm the code with the bank itself before sending a payment.
What products does Mashreq Bank offer in the UAE?
Mashreq Bank's product line-up in the UAE includes Personal loans, Credit cards, Mortgages, Car loans, Current accounts, Savings accounts, Term deposits, Business & SME banking, Private banking & wealth and International transfers.
How do I open an account with Mashreq Bank?
As a local conventional bank, Mashreq Bank opens accounts this way: Pick the product and check the eligibility criteria on the bank's website → Apply online or book a branch appointment → Pass KYC and submit the document pack → Get approval and receive your cards and online-banking credentials. The basic document pack: Passport (and Emirates ID, or proof that the residence visa is in process), Salary certificate or employment contract, Trade licence and corporate documents. Timeline depends on the bank's compliance review; salary-transfer applicants are usually approved faster.
Is Mashreq Bank an Islamic bank?
No. Mashreq Bank is a conventional bank that works with interest-based products.
Choosing between banks?
We match your profile (residency, salary structure, business) to the banks that actually approve it — and prepare the KYC pack to the bank's standard.