HSBC plans to leave banking operations in Bangladesh
(MENAFN) HSBC announced plans to gradually wind down its retail banking operations in Bangladesh starting in the second half of this year, according to company statements.
The decision follows a review of the bank’s retail services in the country and aligns with its global strategy.
As part of this move, HSBC said it will stop accepting new retail customers immediately and work on ensuring a smooth transition for existing account holders.
The bank emphasized that its Corporate and Institutional Banking services will remain unaffected. “The Bank recognizes the importance of Bangladesh to its corporate and institutional clients and continues to invest in the CIB business to drive two-way trade and investment flows,” the statement added.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
