HONG KONG :HSBC has agreed to sell its retail banking operations in Sri Lanka to local peer Nations Trust Bank, the lender said late on Wednesday. The transaction covers HSBC's entire retail banking business in Sri Lanka, including the accounts, credit cards, and retail loans, according to the company statement. Financial details of the deal were not disclosed. The divestment comes as the Asia-focused lender continues to shed less-profitable businesses globally, following a strategic review

Tag-uri: SRI