Milbank LLP has provided legal counsel to CrediaBank S.A., formerly known as Attica Bank, in its agreement to acquire the majority stake of HSBC Bank Malta p.l.c. from HSBC Continental Europe, S.A.
The completion of the transaction is contingent upon regulatory approval from the Malta Financial Services Authority (MFSA), the Bank of Greece, and the European Central Bank. The process is expected to conclude by the end of 2026.
CrediaBank is recognized as Greece’s fifth largest bank by total assets. It offers a variety of financial services such as loans, deposits, insurance products, investment options, mutual funds, and stock trading for both retail and corporate clients.
HSBC Bank Malta holds significant market positions within Malta’s banking sector.
A representative from Milbank stated, “We are delighted to have supported CrediaBank with this transformational deal.”
The Milbank team advising on this transaction included partners specializing in Corporate Finance and Securities in London; Global Corporate/M&A in London; Litigation & Arbitration in New York; Antitrust in Munich; Tax in London; as well as associates and a trainee supporting across these areas.