Advertisement
The Maltese Herald
APS : 0.57 AXR : 0.41 BMIT : 0.35 BOV : 1.74 CVS : 1.00 FIM : 0.16 GHM : 0.87 GO : 2.70 HLI : 0.23 HRV : 0.97 HSB : 1.36 IHI : 0.45 LOM : 0.80 LQS : 0.19 LSI : 0.49 LSR : 1.00 MDI : 0.25 MDS : 0.45 MIA : 5.95 MLT : 0.55 MMS : 1.32 MPC : 0.35 MSC : 0.33 MTP : 0.47 MZ : 0.58 PG : 1.89 PZC : 0.63 RS2 : 0.52 RS2P : 0.60 SFC : 6.70 STS : 1.25 TML : 1.00 TRI : 1.12 VBL : 0.20
Culture News Sports
The Maltese Herald

HSBC Malta says it has no satisfactory offers right now

—

by

Mark Camilleri
in ,

In a statement posted publicly earlier today, HSBC Malta said that it has received no satisfactory offers for the sale of the bank after APS Bank submitted a bid. The sale is being adjudicated by HSBC Malta’s major shareholder, HSBC Continental Europe.

Sources in the finance industry that spoke to this website said that a foreign entity submitted a bid alongside APS Bank, but we could verify these claims.

APS Bank has been the only entity so far that it publicly admitted of submitting a bid.

Comments

5 responses to “HSBC Malta says it has no satisfactory offers right now”

  1. Carine Arpa avatar
    Carine Arpa

    Dear Mr Camilleri,

    I am writing with reference to the article published on The Maltese Herald titled ‘HSBC Malta says it has no satisfactory offers right now.’

    In the article, you refer to the Company Announcement that was published earlier this morning, incorrectly stating that “HSBC Malta said that it has received no satisfactory offers for the sale of the bank after APS Bank submitted a bid.”

    In the Company Announcement, HSBC Bank Malta p.l.c. (HSBC Malta) confirmed that:

    1. HSBC Malta signed a confidentiality agreement with HSBC Continental Europe (HBCE), its majority shareholder, on 24 February 2025;
    2. HSBC Malta is now in the process of signing confidentiality agreements with a number of prospective offerors and will be proceeding to furnish information to them in confidence so that they can conduct due diligence on HSBC Malta;
    3. HSBC Holdings plc has informed HSBC Malta that there is no preferred offeror and that the process remains at an early stage;
    4. Any potential transaction would require regulatory approval from both the MFSA and the European Central Bank, a process that would be expected to take several months from entry into any binding agreement.

    The Company Announcement does not state that HSBC Bank Malta p.l.c. “has received no satisfactory offers for the sale of the bank after APS Bank submitted a bid.”

    In the interest of factual rapportage, it would be greatly appreciated if you could kindly rectify accordingly.

    Thank you for your kind attention.

    Kind Regards
    Carine
    Head of Communications, HSBC Bank Malta p.l.c.

    Reply
  2. APS Bank says it has been given access to internal data of HSBC Malta - The Maltese Herald avatar
    APS Bank says it has been given access to internal data of HSBC Malta - The Maltese Herald

    […] in a press report, Times of Malta announced that the foreign entity that submitted a bid for HSBC Malta is Hungary’s OTP Bank. More about the latter, […]

    Reply
  3. Why the financial regulator won't accept OTP Bank's bid for HSBC Malta - The Maltese Herald avatar
    Why the financial regulator won't accept OTP Bank's bid for HSBC Malta - The Maltese Herald

    […] very glad that the Hungarian laundromat of Russia, OTP Bank submitted a bid for HSCB Malta. We had confirmed that a foreign entity submitted a bid for HSBC Malta but we couldn’t yet confirm a name. […]

    Reply
  4. Ardshinbank acquired HSBC Armenia: now it is bidding for HSBC Malta - The Maltese Herald avatar
    Ardshinbank acquired HSBC Armenia: now it is bidding for HSBC Malta - The Maltese Herald

    […] Malta has claimed it has had no satisfactory offers so far after bids were received by APS Bank, a Maltese consortium of private investors and […]

    Reply
  5. The strange bid by Bank of Georgia (JSC) for HSBC Malta - The Maltese Herald avatar
    The strange bid by Bank of Georgia (JSC) for HSBC Malta - The Maltese Herald

    […] of Malta has reported that the Bank of Georgia (JSC) has submitted a bid to purchase HSBC Malta but this bid is very strange because I could not find any references or announcements by the […]

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *