CrediaBank to Acquire 70% of HSBC Malta in €200 Million Deal

Greece's CrediaBank has signed a conditional statement to get a bulk involvement successful HSBC Bank Malta for €200 million, a large measurement successful the Greek lender's planetary expansion.

In an announcement to the Athens Stock Exchange, CrediaBank confirmed it volition acquisition 70.03% of the Maltese bank's shares from HSBC Continental Europe. 

The woody is expected to adjacent successful the 2nd fractional of 2026, pending regulatory approvals from Maltese and European authorities.

Eleni Vrettou, CEO of CrediaBank, said she was enthusiastic astir integrating HSBC Malta into the bank's household and highlighted the opportunities presented by Malta's beardown economical prospects.

Currently Greece’s fifth-largest bank, CrediaBank serves astir 300,000 customers. 

The acquisition marks its archetypal large enlargement extracurricular of Greece and volition fortify its determination presence. Minority shareholders of HSBC Malta volition beryllium offered the enactment to merchantability their shares astatine a fixed terms of €1.44 per share.