The world's local bank
HSBC to sell Polish consumer finance receivables
HSBC Bank Polska SA has agreed to sell its HSBC Credit branded consumer finance portfolio, and its credit card portfolio, to Alior Bank SA. The total consideration, to be paid in cash on completion of the deal, will be at a premium to the net book value of the receivables at the date of completion. The gross asset value of the two portfolios was PLN1 billion (US$350 million) at 31 July 2009.
Following the sale of its non-core consumer finance portfolio, HSBC Bank Polska will focus on growing its personal banking services aimed primarily at Premier and middle class segments. The bank will also continue to strengthen its global banking and markets and commercial banking businesses, where its global reach offers significant advantages to companies engaged in international trade.
The sale is expected to be concluded in the fourth quarter of 2009.
Media enquiries to:
Brendan McNamara
+44 (0) 20 7991 0655
brendan.mcnamara@hsbc.com
Aleksandra Leszczynska
+48 22 354 08 88
aleksandra.leszczynska@hsbc.com
HSBC Bank Polska SA
HSBC Bank Polska SA is part of HSBC Group, one of the world's largest banking and financial services organisations. HSBC in Poland focuses on personal banking for premier customers, commercial banking, and treasury and fund investment services.
The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,500 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,422 billion at 30 June 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
Links to web sites
Useful tools
Increase font
Decrease fontLatest News
20 Nov 2009
PT Bank Ekonomi Raharja Tbk results for the third quarter ended 30 September 2009 - highlights
13 Nov 2009
HSBC agrees sale of 8 Canada Square
13 Nov 2009
HSBC Bank Malta plc Interim Directors' Statement
12 Nov 2009
HSBC Trinkaus & Burkhardt AG third quarter 2009 results
11 Nov 2009
HSBC Bank Canada third quarter 2009 results
10 Nov 2009
HSBC Holdings plc - Interim Management Statement
