As a milestone for the Greek banking sector, he supports the HSBC Maltese acquisition agreement by the Greek Credia Bank, the Minister of National Economy and Finance, Kyriakos Pierrakakis.

Specifically, as he points out in his written statement: “We warmly support the agreement on the acquisition of HSBC Malta by the Greek Credia Bank. This is an important step for both institutions and a landmark for the Greek banking sector, which proves the power, durability and extrovert orientation of our financial system. “

As Mr Pierrakakis points out, the agreement is also a tangible example of the opportunities created by the European Union’s banking union – facilitating cross -border investment, healthy concentration of forces and the emergence of stronger and more competitive banks. In addition to the financial dimension, this transaction reinforces the links of Greece and Malta, deepening our bilateral relations and contributing to closer cooperation in southern Europe and the Mediterranean. We are confident that Credia Bank’s experience will bring benefits to customers, workers and economies in both Greece and Malta, while boosting the foundations of a truly unified European financial market. “

Maltese Finance Minister welcomes the forthcoming HSBC acquisition by Crediabank

Malta’s finance minister, Karidana, welcomed the news of the forthcoming HSBC acquisition by Crediabank, stating that the move would “enhance healthy competition” and shield Malta’s financial system.

Describing the news as a “important development”, Caruana told Times of Malta that finding a buyer that covers both HSBC and Malta’s needs “was a complex process”.

“The buyer’s involvement in the Eurosystem is a decisive factor that strengthens its prestige and credibility,” Caruana said, adding that this is further strengthened by the minority percentage held by the Greek government in the bank.

Entrance to a new player into the Maltese banking market will “help enhance healthy competition and further integrate Malta’s financial system into the European market,” the caruan said.

“The process will remain under strict regulatory supervision to ensure stability, enhance investor confidence and ensuring long -term financial benefits,” the minister added.