LONDON (Reuters) -HSBC has agreed to sell 6.7 billion euros ($7.81 billion) worth of French home loans to British insurer Rothesay and consortium partner CCF Group, the latter said on Friday. The
HSBC agrees to sell $7.8 billion of French mortgages to Rothesay
LONDON (Reuters) -HSBC has agreed to sell 6.7 billion euros ($7.81 billion) worth of French home loans to British insurer Rothesay and consortium partner CCF Group, the latter said on Friday.
The portfolio mainly consists of 25-year fixed rate mortgages for residential properties in France, Rothesay said.
The proposed sale comes as HSBC has shrunk its presence in France in recent years as part of a wider pivot to Eastern markets.
The British bank completed the sale of its retail banking business in France in January 2024, to Crédit Commercial de France (CCF).
($1 = 0.8581 euros)
(Reporting By Lawrence White; Editing by Kirsten Donovan)
