International Fleet Services expands network with HSBC in Middle East

Notes and media contacts

1. HSBC Middle East Finance Company Limited (HSBC MEFCO)
HSBC MEFCO was founded in the United Arab Emirates in 1969, and is regarded as one of the leading providers of vehicle and asset finance solutions in the UAE. HSBC MEFCO is a subsidiary of HSBC Bank Middle East Limited.

2. HSBC Bank Middle East Limited
HSBC Bank Middle East Limited is the largest and most widely represented international bank in the Middle East with 29 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Jordan, Lebanon, and the Palestinian Autonomous Area including an offshore banking unit in Bahrain. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt, and by its associate companies, The Saudi British Bank and the British Arab Commercial Bank. In addition to its Middle Eastern network, the Bank has a representative office in Tehran, Iran.

3. HSBC Holdings plc
HSBC Bank Middle East is a principal member of the HSBC Group which, with over 9,500 offices in 79 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa and USD1,034 billion at 31 December 2003, is one of the world's largest banking and financial services organisations.

4. International Fleet Services
International Fleet Services (IFS) was formed in 1996 when it was known as EFFAM (Europewide Fleet Funding And Management). The network changed its name to IFS in 2002. The decision to create the new International Fleet Services Ltd structure was taken in March 2004 at the IFS Strategic Meeting in London.

The 19 companies represented by International Fleet Services finance and manage 360,000 vehicles valued at €6 billion for 60,000 business customers and employ over1,400 people between them.

Details of the leasing companies represented by IFS can be found on
www.internationalfleetservices.com