HSBC to sell some Polish businesses.
Global Banking News - 04 September 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
HSBC Holdings (LSE: HSBA) has announced that it is planning to sell its Polish consumer finance operation.
The bank said that it is going to sell its Polish HSBC Credit-branded consumer finance portfolio as well as its credit card portfolio to Alior Bank SA. The sale would be conducted at a premium to the book value of the receivables at the date of completion.
The gross asset value of the two portfolios was PLN1bn at the end of July.
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|Publication:||Global Banking News (GBN)|
|Date:||Sep 4, 2009|
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