Group 1 - HSBC's Sri Lanka branch has signed a binding agreement to transfer its retail banking operations to Nations Trust Bank (NTB), affecting approximately 200,000 customers [1][2] - The deal includes retail deposit accounts, credit card portfolios, and consumer loans, with financial details not disclosed [1][2] - This divestment follows a strategic review by HSBC Group, which determined that exiting the retail unit was the preferred course of action [1][3] Group 2 - NTB will offer employment to staff currently engaged in HSBC Sri Lanka's retail activities, ensuring continuity for employees [2][3] - HSBC's corporate and institutional banking operations in Sri Lanka will remain unchanged, focusing on international corporate clients and cross-border trade [2][3] - The transaction is part of HSBC Group's simplification plan announced in October 2024, allowing the bank to concentrate on areas with competitive focus and growth prospects [2][3][4] Group 3 - The transaction is expected to produce an immaterial pre-tax gain for HSBC Group upon completion, anticipated in the first half of 2026, subject to regulatory clearances [4] - HSBC has previously announced its exit from International Wealth and Premier Banking operations in Bangladesh, following a comprehensive review of its market position [4]