Tag: HSBC Malta
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HSBC Malta’s operations back to normal after strike is suspended: MUBE hails progress in talks
The Malta Union of Banking Employees has hailed the progress made in talks with HSBC Malta over compensation talks as the bank prepares to be transferred to its buyer, Credia Bank. HSBC staff have suspended their strike and all systems are functioning back to normal. In a statement sent to its members, the MUBE is…
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HSBC Malta strike back on
The Malta Union of Banking Employees has reinstated its directive for HSBC Malta workers to resume their strike. The MUBE previously suspended the strike when negotiations began but the union is now saying that the proposal it received is “unworkable” and unacceptable. Workers are being told by the union not to log into their banking…
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Staff at HSBC Malta suspend strike: talks ongoing
Staff at HSBC Malta have suspended their strike today as talks take place between the bank’s management and trade unions, namely the Malta Union of Banking Employees and the General Workers’ Union. The MUBE however, has stated that the bank has yet to present meaningful proposals and the strike will resume if the bank doesn’t…
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BREAKING: HSBC Malta staff go on strike
Staff at HSBC Malta have gone on strike over compensation details for employees tied to the sale of the bank to Credia Bank. The strike directive has been issued by the Malta Union of Banking Employees who are demanding negotiations over the Benchmarking Exercise and compensation claims. According to the directive that has been instituted…
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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…
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Karen Safaryan says he has divested from Russian assets and interests as of 2007
A spokesperson for Ardshinbank has reached out to The Maltese Herald and stated that the owner of Ardshinbank, Karen Sefaryan, has divested his business interests from Russia as of 2007. The PR consulting firm that reached out to us in the name of the bank is FTI Consulting. Ardshinbank is currently bidding for HSBC Malta…
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Ardshinbank acquired HSBC Armenia: now it is bidding for HSBC Malta
UPDATE: An update with a statement by Karen Safaryan’s spokesperson can be found here. Ardshinbank of Armenia, that is now bidding for HSBC Malta, already successfully acquired HSBC Armenia in 2024, making it highly likely that its Maltese bid will be accepted by HSBC Group in terms of compliance. On the other hand, the bid still…
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Bank of Valletta approached by investors to buy HSBC Malta
Updated: After the announcement issued by BOV, the Finance Minister gave comments to the press outside Parliament and said that he is against a situation where one of the two largest retail banks merges with another as this would erode the competitivity of the banking sector. Following the Minister’s comments, BOV issued a statement saying…
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APS Bank’s CEO Marcel Cassar goes on the offensive after withdrawing bid for HSBC Malta
Following the withdrawal of APS Bank’s bid to acquire HSBC Malta, the bank’s CEO, Marcel Cassar, has launched a PR offensive to justify the decision. The decision to withdraw may have cost the bank up to €2 million in fees according to press reports. In several statements made to the press including during a briefing…
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APS Bank withdraws offer to buy HSBC Malta
In a statement issued through the Church’s media network, APS Bank has announced it has withdrawn its bid to buy HSBC Malta. APS Bank is blaming its decision on due diligence after it was granted access to HSBC Malta’s internal data. HSBC Malta is more than twice the size of APS Bank and many professionals…
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OTP Bank has two subsidiaries in Malta and does commercial lending
OTP Bank in Malta has at least two subsidiaries, with a financing company doing commercial lending and its holding company that were registered in 2014. OTP Bank did not disclose these companies when they sent to their Right of Reply to inform our readers about their “integrity”. OTP Bank wants to buy HSBC Malta but…