CBM governor declines to comment on HSBC's future

Central Bank Governor Mario Vella would not comment or express his opinion on reports that one of Malta's largest banks, HSBC, might be leaving soon.

"It is not our practice to comment on individual banks. We all read the papers so we all know what you are talking about. Perhaps you should ask the bank directly and my impression is that they have already expressed themselves," Dr Vella said to a question by this paper.

Actually the question was what would be the Central Bank's reaction if a significantly important bank were to leave Malta.

The Governor was asked on the future of HSBC at the end of news conference which marked the publication of the Central Bank's report.

Concerns on HSBC were fuelled last week by a report in business news agency Bloomberg. The bank declined to comment on what it described as speculation only.

During yesterday morning's news conference no reference whatsoever was made to HSBC until a question cropped up from the press at the very end.

 

from The Malta Independent https://ift.tt/2GSmM7e
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