HSBC Malta will be sold to CrediaBank for €200 million under an agreement announced Tuesday, marking another step in HSBC’s ongoing retrenchment from smaller European markets.
HSBC Continental Europe signed a put-option agreement to sell its 70.03% stake in HSBC Bank Malta p.l.c. to CrediaBank. The agreed purchase price is €200 million in cash, equivalent to €0.793 per share for that holding, according to company filings.
In line with Maltese capital markets rules, CrediaBank will also launch a mandatory takeover offer to minority shareholders once the majority acquisition is completed. They will be offered €1.44 per share, a price calculated under the “equitable price” formula based on recent trading activity through Sept. 15. HSBC Malta shares closed at €1.32 on Monday.
The transaction remains subject to approval by the Malta Financial Services Authority, the European Central Bank, and the Bank of Greece. The process is expected to be completed by the end of 2026.
CrediaBank said the deal will be financed entirely from its own resources. It pledged to retain all HSBC Malta employees “on materially the same terms for at least two years,” while also keeping the management team in place.
The bank will remain listed on the Malta Stock Exchange, allowing minority shareholders either to sell their holdings through the offer or continue receiving dividends.
HSBC Malta reported a pre-tax profit of €154.5 million in 2024. Profits eased to €58.7 million in the first half of 2025, company accounts show.
The €200 million price tag for the majority stake implies a total valuation of roughly €286 million for the Maltese bank.
