HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, as it exits from the country entirely amid a wider ...

Since 1995, the London-based bank has served Africa's largest and advanced economy. The main businesses of HSBC Africa include international markets, global banking, and commercial banking.

FirstRand has secured regulatory approval to acquire HSBC South Africa's clients and banking assets, ensuring continued access to corporate services for multinational clients. The transaction, led ...

HSBC Bank logo is seen in this illustration taken March 12, 2023. ... HSBC entered South Africa in 1995, and today serves mainly large companies operating on the continent.

HSBC entered the South African market in 1995. Over the years, the bank's primary activities in Africa's most developed economy have included commercial banking, global banking and global markets.

The South African Reserve Bank (Sarb) announced on Friday, 4 October 2024, that it has imposed administrative sanctions on Bidvest Bank and HSBC in South Africa for regulatory non-compliance, as part ...

HSBC's arm has agreed to sell its German custody business to BNP Paribas as part of a broader effort to streamline global ...

HSBC has agreed to transfer the business of its branch in South Africa to FirstRand Bank (FRB). This will see the branch’s clients and banking assets and liabilities transferred to FRB. HSBC’s branch ...

LONDON, Sept 26 (Reuters) – HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday.

FILE PHOTO: HSBC Bank logo is seen in this illustration taken March 12, 2023. ... LONDON (Reuters) -HSBC Holdings is currently exploring a sale of its South Africa businesses, ...