HSBC Agrees to Sell Its Sri Lanka Retail Banking Operations to Nations Trust Bank
By Reuters
September 25, 2025, 8:12 AM GMT+6 | Updated 1 hour ago
A photo showing the HSBC logo on its headquarters in Hong Kong’s Central financial district, China, taken on August 4, 2020. REUTERS/Tyrone Siu/File Photo – Purchase Licensing Rights.
HONG KONG, Sept 25 (Reuters) – HSBC announced on Wedn HSBC Sri Lanka esday that it has reached an agreement to sell its retail banking operations in Sri Lanka to Nations Trust Bank.
The deal includes HSBC’s full retail portfolio in the country, covering customer accounts, credit cards, and retail loans, the company said in a statement.
The financial terms of the agreement were not revealed.
The exit is part of HSBC’s broader strategy to streamline operations and scale back less-profitable units worldwide, following a strategic review initiated in October 2024 aimed at simplifying HSBC Sri Lanka retail business sale its business and reducing its global presence.
HSBC said the transaction, which is expected to close in the first half of 2026 pending regulatory approval, HSBC sells Sri Lanka retail operations will not have a significant impact on its profit. The London-based lender (HSBA.L) noted that its corporate and institutional banking operations in Sri Lanka will remain unaffected.
According to the statement, Nations Trust Bank has committed to HSBC Sri Lanka retail banking exit offering employment to all staff from HSBC’s Sri Lanka retail division.
(Reporting by Selena Li; Editing by Janane Venkatraman)
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