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Barclays to sell UAE retail banking division

Barclays to sell UAE retail banking division

Old Sep 3rd 2013, 5:02 pm
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Default Barclays to sell UAE retail banking division

Announced formally a couple of hours ago.

http://financialuae.me/2013/09/03/ne...on-in-the-uae/
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Old Sep 4th 2013, 5:38 am
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Default Re: Barclays to sell UAE retail banking division

Brilliant! Moved my banking over to Barclays about 6 months ago, and to date have found them (relatively) easy to use and deal with. Their online banking is particularly good.

Their credit card department however is a different story altogether…

Likely that HSBC will take it on? And then mess it up?
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Old Sep 4th 2013, 8:12 am
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Default Re: Barclays to sell UAE retail banking division

Originally Posted by the_red_sheep View Post
Brilliant! Moved my banking over to Barclays about 6 months ago, and to date have found them (relatively) easy to use and deal with. Their online banking is particularly good.

Their credit card department however is a different story altogether…

Likely that HSBC will take it on? And then mess it up?
Unlikely, HSBC want more branches (currently limited) and the Barclays sales specifically excludes their 2 Central Bank branch licences.
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