HSBC Bank Malta plc - Update on Strategic Review

On 15 August 2025, HSBC Bank Malta plc announced that it was informed by HSBC Holdings plc that it had identified a preferred bidder and entered into exclusive discussions with CrediaBank S.A. also known as Attica Bank S.A.

Attica Bank is listed on the Athens Stock Exchange and is majority owned (57%) by Thrivest Holding, which in turn, is held by Greek businessmen with a background in banking, construction, and shipping. The second largest shareholder is the Greek sovereign wealth fund with a 36% stake.

Attica Bank is the fifth largest bank in Greece by assets.  At the end of March 2025, it held total assets of €7.17 billion and total equity of €872 million. The majority of its asset base is made up of loans to customers totalling €4.66 billion and is principally funded by customer deposits of €6 billion.

HSBC Holdings advised that no agreement has been reached as yet and the strategic review remains ongoing. Furthermore, any potential transaction would be subject to a number of conditions including regulatory approval of both the MFSA and the ECB, a process that is expected to take several months from entry into any binding agreement.