[2] In December 2021, HSBC Greece managed assets totaling approximately €2 billion Euros and employed around 320 individuals.

The bank's operations encompassed 15 branches, serving over 90,000 retail customers and about 500 corporate clients.

This strategic decision was part of HSBC's broader plan to streamline its operations and concentrate on core markets, particularly in Asia.

The proposed transaction was subject to regulatory approvals and consultations with unions and works councils, with an expected completion timeline in the first half of 2023.

[3] In November 2022, Pancreta Bank had successfully completed the full integration of HSBC's operations in Greece into their own.