HSBC to Sell Bahrain Retail Banking Operations Amid Restructuring

HSBC Holdings PLC (HSBC) has agreed to sell its retail banking operations in Bahrain to the Bank of Bahrain and Kuwait (BBK) in light of the ongoing global restructuring plan. The deal excludes its corporate and private banking businesses in Bahrain. The deal will comprise a transfer of retail loans, deposits and accounts of nearly 76,000 customers to BBK. Financial details of the deal, which is anticipated to be completed in the fourth quarter of 2025, were kept under wraps.This move aligns with HSBC’s tra ...