Wednesday, June 1, 2011

HSBC Bank Telling with their customers

"Look," the British bank HSBC, in April, officially announced the closure of retail units in Russia, will soon choose a buyer for a portfolio of loans and deposits of natural persons. According to the newspaper Kommersant on Wednesday, May 25, interest in the asset to be "daughters" of foreign players who can not afford to service the portfolio of HSBC, with access to cheap funding from parent companies. The fact that HBO, CBS Broadcasting Corporation Bank, Russian "daughter» HSBC, will soon identify a buyer for its retail loan and deposit portfolio and the publication of several sources have told the banking market. «HSBC has already identified a pool of buyers in the portfolio as loans and deposits, however, the scheme of assignment of the latter is not defined yet, - said a source familiar with the situation .- Most likely, HSBC will offer its customers to transfer deposits to the bank-customer, and those who refuse to continue to serve. " Another banker close to the deal, said that HSBC intends to decide on a buyer soon, possibly next week. HSBC Asset asked a number of banks, according to the interlocutors of Kommersant. Thus, interest in the portfolio HSBC confirmed in UniCredit Bank. Source Publication Raiffeisenbank argues that the relevant talks are being held, but is officially in Raiffeisenbank comment on interest in the portfolio, HSBC refused. In HCF-Bank "Kommersant was told that also consider proposals for HSBC, but it did not arouse interest, as the bank operates in a different segment of the retail sector. PSB, according to the newspaper, too, studied the proposal HSBC, however, was not interested in them similar to HCF-Bank for a reason. "The decision to sell has been made yet," - said "Kommersant" the press service of HSBC, abandoning the detailed comments. One of the world's largest banks HSBC announced its intention to close its retail business in Russia in April 2011. HSBC is present in Russia since 1996, licensed to work with the deposits of physical persons HBO, CBS Broadcasting Corporation Bank has received in 2007. Bank specializing in corporate and investment banking products, from 2008 began to develop private banking. After the first quarter of 2011 HBO, CBS Broadcasting Corporation Bank ranked 91 th in terms of assets (35.9 billion rubles.) And 65 th in terms of capital (7.3 billion rubles.) Rated "the Interfax . As part of the closing of retail, according to Kommersant, in early April, HBO, CBS Broadcasting Corporation Bank have been staff reductions, affecting mainly middle managers, are expected in late June following a series of layoffs.

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