Tag: HSBC Malta
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HSBC Malta’s profits continue to decline after bank winds down operations prior to CrediaBank takeover
HSBC Malta has reported a sharp decline in profitability during the first quarter of 2026 after the bank windied down its operations ahead of its sale to Greece’s CrediaBank. According to the bank’s latest interim directors’ statement, HSBC Malta registered a profit before tax of €21.3 million during the first quarter of 2026, representing a…
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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 records decreasing profits as it reduces its operations
HSBC Bank Malta has published its annual results for 2025, showing a profit before tax of €109.0 million, marking the third consecutive year that pre-tax profits in Malta have exceeded €100 million. The profits reflect growth in customer deposits — which soared to a record €6.53 billion — as well as strong results in wealth…
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HSBC Malta to issue up to €30 million in compensation to employees
HSBC Malta is set to issue up to €30 million in compensation to its employees as its leave the islands and its operations are taken over by its new buyer, Credia Bank. Credia Bank has promised that it will keep all of the employees and promised to invest even further in the bank. Bank employees…
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Credia Bank says it will keep HSBC Malta employees: more protests about compensation sums
On Thursday evening, the Malta Union of Banking Employees held a meeting with its employees to explain the ongoing situation about the negotiations of the collective agreement and the handover to Credia Bank. The MUBE had successfully negotiated a compensation sum for employees but these details have not yet been released yet. Employees however will…
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HSBC Holdings to write a $300 million loss over HSBC Malta sale
HSBC Holdings, the parent company of HSBC Malta has announced it will be accounting for a $300 million loss at the end of the year for its sale of HSBC Malta. According to its latest financial results for the first nine months of the year, HSBC’s revenues have increased along with its operational expenses. CEO…
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HSBC Malta makes less revenues ands continues divesting
HSBC Malta has posted results showing that it has continued to divest from its operations in Malta, but the bank also says that it has made less revenues due to lower interest rates. HSBC Malta seems to have made an effort to avoid any new major business this year, and continued divesting by pruning bad…
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MUBE expected to announce decision on HSBC Malta offer’s soon but deal is expected soon
The Malta Union of Banking Employees has informed its members that it is assessing HSBC Malta’s latest offer after suspending its strike last week. MUBE struck twice, with the last strike being opposed by some members who protested against the disproportionate claims by senior union leaders with regard to younger members. A final agreement is…
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HSBC Malta strike suspended: meeting with union members to be announced soon
The Malta Union of Banking Employees has just suspended its strike yet again, citing a satisfactory offer that it received from the bank. The offer involves a formula which compensates workers accordign to the number of years of service and will be present to the union’s members in a meeting that it will be announcing…
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MUBE says strike is still on while assessing bank’s offer
The Malta Union of Banking Employees has kept its directives at HSBC Malta but said that a workable framework for employees is being assessed, implying an offer has been made by the bank. The union also said that the rights of employees who are not its members will be protected but said not to communicate…
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HSBC Malta workers split on strike: PN states priority is the job of employees and calls on Credia Bank to up its offer to minority shareholders
Most of the employees at HSBC Malta were present at their work places with many following current strike directives not to log into the banking systems. Most of the branches were not in operation. Many other employees continued working and ignored the strike directives, as splits have emerged within the union. Senior trade union representatives…
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MUBE orders resumption of strike at HSBC Malta: workers divided over union’s directives
The Malta Union of Banking Employees has issued directives to resume the strike at HSBC Malta from tomorrow due to lack of agreement on the compensation offered by the bank. The MUBE had previously suspended the strike after HSBC senior management entered into talks. However, not all union members will be adhering to the directives.…
