Hailey Borg
HSBC Bank Malta p.l.c. has said it will undertake “a strategic review” of its indirect 70.03% shareholding in the Bank.
“The Bank recognises the important role it plays in Malta’s economy and society and is making this announcement in line with its market obligations, and to support the smooth functioning of the public market,” the short announcement issued earlier this morning said. “The Bank will make further announcements as and when required.”
When asked by Lovin Malta to elaborate on today’s statement, an HSBC Malta spokesperson said “the review will consider a full range of options and no decisions have been made yet”.
“It is business as usual for HSBC Malta and our focus will continue to be to serve our customers to the highest standards,” the reply finished.
Earlier this year, HSBC Malta’s new CEO Geoffrey Fichte brushed aside rumours of the bank’s possible departure from the country, saying he was hired “for the long run”.
What do you make of these latest developments?
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