HSBC to Sell Sri Lanka Retail Banking to Nations Trust

Source: HSBC to sell Sri Lanka retail banking business to Nations Trust Bank (2025-09-25)

HSBC is planning to sell its retail banking operations in Sri Lanka to Nations Trust Bank, a move aimed at streamlining its global business and focusing on wealth management and corporate banking. The deal is expected to be completed by the end of 2025, subject to regulatory approvals. The transaction will see HSBC transfer its retail banking customers and related assets to Nations Trust Bank, which will then operate the business locally. HSBC's exit from retail banking in Sri Lanka reflects its broader strategy to exit certain markets and concentrate on areas with higher growth potential and profitability.

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