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HSBC to exit retail banking in SL with Rs.18bn sale to Nations Trust Bank

Daily Mirror - Sri Lanka

September 25, 2025

COMPLETION EXPECTED IN FIRST HALF OF 2026 TRANSACTION COVERS HSBC'S ENTIRE RETAIL BANKING OPERATIONS IN COUNTRY NTB HAS AGREED TO MAKE AN OFFER OF EMPLOYMENT TO ALL STAFF OF HSBC SRI LANKA, WHO ARE CURRENTLY SUPPORTING ITS RETAIL BANKING BUSINESS

The Hongkong and Shanghai Banking Corporation Limited Sri Lanka branch (HSBC Sri Lanka) has entered into a binding agreement to sell its retail banking business to Nations Trust Bank PLC (NTB) for Rs.18 billion, the two lenders announced yesterday.

The transaction covers HSBC's entire retail banking operations in the country, including the premium banking customers, credit cards, retail loans and accounts of about 200,000 customers.

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