HSBC’s Sri Lanka branch has signed a binding agreement to transfer its retail banking operations to Nations Trust Bank (NTB). Financial details of the deal have not been disclosed by both companies. The deal includes the bank’s retail deposit accounts, credit card portfolios and consumer loans, affecting about 200,000 customers. The move follows a strategic review that determined divestment of the retail unit was the preferred course for the HSBC Group and its stakeholders. Under the terms, NTB will ...