Tag: CrediaBank
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Beware of foreign banks that praise the Maltese economy
Soon, Malta is going to have two new bankers in town. CrediaBank is acquiring HSBC Malta and Creditas Bank is acquiring MeDirect. The new bankers taking over have praised the Maltese economy and said that they are looking forward to invest more capital in their new banks. Creditas CEO Jiřà Hrouda said that he really…
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HSBC Malta shares rise by 6.28% following announcement of sale to CrediaBank
HSBC Malta’s stock price has opened 6.28% higher compared to yesterday’s close at €1.33 and hitting a high of €1.43 during trading hours this morning. Yesterday, following the market’s close, HSBC Malta announced that HSBC Continental Europe was to sell its 70.03% shareholding in HSBC Malta to CrediaBank in a potential transaction via a put…
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CrediaBank is the preferred bidder for HSBC Malta
The Greek bank CrediaBank, previously known as Attica Bank is set to buy HSBC Malta according to a Times of Malta Report. The Minister for Finances, Clyde Caruana has also given his approval. Other bidders included Bank of Georgia, Ardshinbank, and OTP. APS Bank also made a bid before withdrawing it. I know nothing about…
