British banking group HSBC is set to open its first digital branch in Qatar in October this year.

Located in Msheireb downtown Doha, the new entity will be the group’s fourth retail branch in the country.

HSBC already has three branches in Doha’s Airport Road, City Center and Salwa Road.

The bank also has ATMs in 10 regions of Qatar.

A statement said: “The new district of Msheireb will be a showcase of the future of financial services and HSBC’s branch there will be a focal point for the delivery of innovative digital banking services as we begin a new phase of our development in Qatar.

“HSBC’s origins in Qatar date back to 1954 and it is fitting that we are able to demonstrate our commitment to the country as it takes its next steps into the future of digital banking with the opening of a new branch close to the site where we first opened for business.”

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By GlobalData

HSBC in the limelight in 2019

Last week, HSBC UK offered £200m funding to LendInvest, which operates an online marketplace for mortgages.

This March, HSBC Bank USA launched financial wellness offerings for individuals, corporate partners and community organisations.

In the same month, the bank started the deployment of social humanoid robots in its US branches in partnership with SoftBank Robotics America.