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HSBC agrees to sell retail banking business in Sri Lanka to Nations Trust Bank
The Island
|September 25, 2025
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’).
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The transaction covers HSBC’s entire retail banking business in Sri Lanka including the accounts, credit cards, and retail loans of approximately 200,000 customers. It follows the completion of a strategic review of the business, which concluded that a sale would be the best outcome for the HSBC Group and its employees and customers. As part of the transaction, NTB has agreed to make an offer of employment to all staff of HSBC Sri Lanka who are currently supporting its retail banking busines
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