HSBC agreed a price of approximately PLN31 million (approximately US$7.8 million), and renamed Polski Kredyt Bank S.A. as HSBC Bank Polska S.A. following completion.

HSBC Holdings plc announces the appointment of [Sumanth Pasupuleti] as a Chief Technology Officer (CTO) of HSBC Bank Polaska S.A and Head of Commercial & Global Banking Line Designate from 1 June 2017.

Using Household International’s established business model, HSBC offers unsecured loans, credit cards and affinity cards via relationships with retail partners, as well as through a network of Personal Banking branches, under the trading name of Beneficial Kredyt.

Other activities include affinity loans to members of groups or companies, direct loans and the provision of payment protection insurance.

HSBC is a member of the local high and low value clearing systems, and is a market leader in the utilisation and application of advanced treasury products in zloty and in all major currencies.