HSBC Bank Malta plc - Presence in Malta

On 26 May 2020, HSBC Bank Malta plc issued an announcement explaining that it has no information that requires a further company announcement with respect to reports published across the local media referring to an article published by an international news agency speculating on the HSBC Group’s future global strategy. HSBC Malta also noted that as has been the case in the past, the bank’s media policy is not to comment on speculative stories.

The article published on the ‘Financial Times’ reported that HSBC Holdings plc is now evaluating the possibility of intensifying its plans for restructuring its business worldwide after this was temporarily put on hold following the developments related to ‘COVID-19’. The article also explained that the bank is “revisiting a long list of small, non-strategic countries including Malta” and three other countries after “previous efforts to sell were hampered by a lack of buyers acceptable to local regulators”.