HSBC Holdings reviews 70.03% stake in HSBC Bank Malta, focusing on higher-growth markets.

HSBC Holdings is reviewing its 70.03% stake in HSBC Bank Malta, as it shifts focus to higher-growth markets like Asia and the Middle East. This review raises uncertainty about the bank's future, despite previous assurances of long-term commitment. HSBC has been divesting from European operations, and HSBC Bank Malta, which plays a significant role in the local banking sector, reported a profit of €134 million in 2023. The outcomes of this review are crucial for stakeholders.

September 11, 2024
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