Tag: HSBC Malta
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Local regulators highly unlikely to approve private investors’ bid for HSBC Malta
Financial experts in regulatory roles in the local industry have spoken to this website on condition of anonymity and said that the local regulators (MFSA) are highly unlikely to accept any bid for HSBC Malta by private investors. Times of Malta broke the news earlier today that a group of private investors have submitted a…
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Bank employees unite against OTP Bank’s takeover of HSBC Malta
The Malta Union of Bank Employees has issued a press release stating it has serious reservations over OTP Bank buying HSBC Malta. The press statement referred to the Finance Minister’s comments to uphold Malta’s reputation and also said that called upon the State “to intervene if necessary to protect the interests and reputation of the…
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OTP Group sends a right of reply
OTP Group sent a right of reply to my article on its bid for HSBC Malta. The reply is riddled with many half-truths which I may detail later if time permits. However, it is important to note that the only reason OTP Bank has not been sanctioned by the European Union and is allowed to…
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Why the regulators won’t accept OTP Bank’s bid for HSBC Malta
I’m 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. Times of Malta confirmed it before us. OTP is not going to get accepted by the Maltese regulator,…
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APS Bank says it has been given access to internal data of HSBC Malta
Ina statement released earlier today, APS Bank announced that it has been granted access to internal data of HSBC Malta in order to conduct its due diligence process as part of its bid for the bank. Separately, in a press report, Times of Malta announced that the foreign entity that submitted a bid for HSBC…
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HSBC Malta says it has no satisfactory offers right now
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…
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HSBC Malta keeps increasing revenue and profits despite shrinking loan book
HSBC Malta has made higher profits and revenues last year despite further shrinking its loan book. HSBC Malta declared €154.5 million in net profits before tax while the loan book decreased by a further €210.7 million to €2.87 billion compared to December 2023. Net profits increased mainly due to higher interest rates and also due…
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Several buyers interested in acquiring HSBC Malta: APS Bank submits bid
HSBC Bank Malta is set to to be sold off as it convenes an Extraordinary General Meeting to discuss various offers it has been submitted to it. APS Bank has also issued a statement declaring that it submitted a bid to buy 70% of the bank’s shares from HSBC Holdings. HSBC Continental Europe has instructed…
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APS Bank posts lower earnings than 2023 for Q3: bank still has no direction and can’t explain what is doing
APS Bank has posted poor earnings yesterday for its third quarter of this year despite its grand ambitions to buy up HSBC Malta. Pre-tax profit for Q3 stood at €14.8 million, down from €23.6 million last year. The bank recorded decreasing profits from its lending activities in the backdrop of decreasing interest-rate environment. It made…
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I’ve seen more headlines about the murderer than about Nicolette Ghirxi
Journalists have recently taken up some very perverted and gawking habits by writing detailed biographies of the murderer of Nicolette Ghirxi. One profile may have been enough because I have seen more headlines about him than about Nicolette Ghirxi herself. It would be great if there would have been more about her out there and…
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HSBC Malta posts good half-yearly results but shrinks loan volume compared to last year
Malta’s main politically neutral and Nothing Ever Happens Bank posted its half-yearly results, yesterday. HSBC Malta posted increased profits due to higher interest rates and better trading activity. HSBC’s profits from its loans to its customers increased by 15% while its loan volume to customers decreased by 3.4% from €3 billion to €2.9 billion. Despite…
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A sub-literate Labour Party gangaster with a nice haircut
The Degiorgio brothers are, of course, untrustworthy and bloodthirsty criminals. They are psychotic monsters who, just like in killing someone else to conduct their business, may very well lie to accomplish their aims. So, of course, one should listen to what they say with great suspicion and skepticism. The problem, however, regarding their allegation that…