Hungarian Bank OTP Looking To Acquire Maltese HSBC

Hungarian Bank OTP Looking To Acquire Maltese HSBC

The Hungarian bank OTP is reportedly interested in acquiring the Maltese HSBC Malta, a subsidiary of the British multinational banking and financial services company HSBC. HSBC Bank Malta was founded in 1999. Since it is a publicly traded company listed on the Malta Stock Exchange, a lot of information is public about it. Its current market capitalization, as of 27 March stock prices, is around €550 million. In 2024 it brought in €206 million in…

Malta's Finance Minister Clyde Caruana has expressed concerns about offers to take over HSBC, in particular the interest of OTP Bank and APS Bank. It was revealed on Thursday that HSBC is considering selling its Maltese bank, and one potential buyer is OTP. Moreover, according to the Times of Malta, the Hungarian big bank is the number one likely to buy. The other interested local APS Bank, whose largest shareholder is the Church of Malta. The s…

Local Consortium Joins Race For HSBC As Finance Minister Urges Caution

Finance Minister Clyde Caruana has voiced concern over the potential sale of HSBC Malta, warning that while interest in the bank may be a sign of economic vitality, the identity and intentions of the eventual buyer will have long-term implications for the country’s financial landscape. His remarks come as the race to take over the bank has developed into what appears to be a three-horse contest. It is understood that the parties actively explori…