VALLETTA (ITALPRESS/MNA) – HSBC Holdings plc is undertaking a strategic review of its 70.03% ownership stake in its Maltese bank. This development comes just over a year after HSBC Malta dismissed reports about its possible exit from the Maltese market as ‘speculative.’
In a company announcement, HSBC Bank Malta stated, “HSBC Holdings plc yesterday evening informed the Board of Directors that it will undertake a strategic review of its indirect 70.03% shareholding in the Bank.”
This strategic review could potentially lead to significant changes, including the sale of HSBC Holdings’ shares or alterations to its involvement in the Maltese bank. The news of the bank’s possible exit will inevitably send ripples through Maltàs financial sector and economy while raising questions about the future of one of Maltàs major banks.
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(ITALPRESS).
