Bank of Bahrain & Kuwait to Acquire HSBC’s Retail Banking Business in Bahrain

published:20/02/2025 07:54 GMT

HSBC has agreed to sell its retail banking business in Bahrain to the Bank of Bahrain and Kuwait B.S.C. The transaction excludes HSBC’s corporate and private banking businesses, according to an announcement posted on 19 February 2025. HSBC expects to complete the transaction in Q4 2025. “We are focused on supporting our impacted colleagues and customers in Bahrain and will work closely with BBK to facilitate a smooth transition, subject to the Central Bank of Bahrain’s approval,” HSBC said...More