HSBC will shut all Australian branches within 18 months, selling its local mortgage and personal loan portfolio to global asset manager Blackstone.
The move comes after nearly 40 years of operation in the country
Jul 31, 2026
01:03 pm
What's the storyHSBC, the London-based multinational bank and financial services holding company, has announced its exit from the Australian retail banking sector.
The move comes after nearly 40 years of operation in the country.
HSBC to pull out of Australian retail banking market
HSBC to sell $25bn Australian home, personal loan portfolio to Blackstone
HSBC sells US$25 billion of Australian home loans to Blackstone
HSBC set to offload $30b-plus Australian loan book to US credit giant
Blackstone snaps up $36b of HSBC Australian home and personal loans
Blackstone secures A$36B financing from ANZ and NAB for massive HSBC loan portfolio acquisition
Blackstone to acquire HSBC's A$30B Australian loan book in landmark private credit deal
Big four banks bankroll Blackstone’s purchase of HSBC’s $36b loan book
HSBC venderá carteira de empréstimos australiana de US$ 25 bilhões para a Blackstone
London-based company to sell local loan portfolio to Blackstone but will continue private and institutional banking services
Bank's streamlining continues with phased wind-down of retail operations in country
The remainder of HSBC Australia’s retail business will be wound down in a phased manner over the next 18 months.
HSBC is putting the final touches on a deal to sell its loan book to Blackstone’s private credit division, heralding the…
Blackstone is in the Australian mortgage game after buying the largest home loan book ever from HSBC as it retreats from retail…
Blackstone's A$36 billion acquisition of HSBC's Australian retail loan portfolio, financed by ANZ and NAB, marks the largest…
