HSBC to Shut Retail Business in Bangladesh

HSBC to exit retail banking operations in Bangladesh

HSBC is set to exit its International Wealth and Premier Banking (Retail Banking) operations in Bangladesh, with a phased wind-down set to commence in the latter half of the year. This decision follows a comprehensive review of the business, which evaluated its market position in Bangladesh and its alignment with HSBC Group’s overall strategy. As part of this transition, HSBC will cease onboarding new retail customers in Bangladesh immediately, …

HSBC to Shut Retail Business in Bangladesh

London-based HSBC continues its global overhaul with the closure of its retail business in Bangladesh. HSBC will begin winding down its retail business in Bangladesh in the second half of 2025, according to CEO Georges Elhedery during an earnings call with media for the bank's first-half results. The decision was part of a broader strategic review of four markets in Asia including Australia, Indonesia and Sri Lanka. The review is ongoing for the…