HSBC ends operations in Slovakia
HSBC Bank, a wholly-owned subsidiary of HSBC Holdings, has announced it will exit its operations in Slovakia.
HSBC Bank, a wholly-owned subsidiary of HSBC Holdings, has announced it will exit its operations in Slovakia.
The banking giant said the decision is a direct result of the continuing five-filter portfolio review announced last year.
HSBC Bank Slovakia will no longer take on new business but will continue to provide full banking services to existing clients in line with contractual obligations until closure, expected to be by the end of the third quarter of this year.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Brian Robertson, Chief Executive HSBC Bank, said: "We continue to make progress in sharpening our capital discipline, by refocusing our European operations on businesses where we can deliver sustainable profits and growth."
The share price rose 1.41% to 568.90p.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Could your family be at risk of an unexpected tax bill? How to keep your loved ones in the loop
With pensions set to be included in inheritance tax calculations, research suggests many families are out of the loop when it comes to planning the financial aspects of both retirement and inheritance
-
Rightmove: Glut of homes for sale in southern England drives asking price drop
Asking prices are 0.1% lower than a year ago, according to the property website, driven by challenges in affordability-stretched London and the south
-
The top stocks and funds to buy according to DIY investors
Despite fears that the top technology stocks could be overvalued, DIY investors have piled into tech shares, funds and investment trusts during August
-
HSBC looks like a cheap way to invest in Asia – should you buy?
Tips HSBC has refocused its business towards Asia, and China in particular. If it can increase earnings, the bank looks cheap, says Rupert Hargreaves. So should you buy HSBC shares?
-
When to buy shares in NatWest, Britain's worst bank
Tips Rising interest rates should lift profits for the banking sector if inflation doesn’t get out of control, says Bruce Packard.
-
How UK banks went from Big Bang to universal failure
Cover Story The 1986 deregulation shook up the banks, but the all-in-one model that it created is bad for customers and investors. Specialists do a better job – as the real fintech winners are showing, says Bruce Packard
-
HSBC’s profits surge – but will the share price?
News Pre-tax profits at banking giant HSBC rose from $1.1bn last year to $5.1bn in 2021, but the share price remains depressed.
-
Lloyds poaches its new boss from HSBC
News The high-street lender has appointed Charlie Nunn, HSBC’s head of wealth management, to be its new CEO. He faces a towering in-tray. Matthew Partridge reports
-
HSBC finds itself in eye of the storm
News HSBC, the global banking giant, is the worst hit of the high-street banks in Britain and is facing trouble elsewhere too. Matthew Partridge reports
-
Three stocks to buy with future income in mind
Opinion Professional investor Ben Ritchie picks three robust stocks that should generate a sustainable and growing dividend for future income.