Published by Global Banking & Finance Review®
Posted on July 19, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleHSBC sells $7.8 billion in French mortgages to Rothesay, as part of its strategy to focus on Eastern markets.
LONDON (Reuters) -HSBC has agreed to sell 6.7 billion euros ($7.81 billion) worth of French home loans to British insurer Rothesay and consortium partner CCF Group, the latter said on Friday.
The portfolio mainly consists of 25-year fixed rate mortgages for residential properties in France, Rothesay said.
The proposed sale comes as HSBC has shrunk its presence in France in recent years as part of a wider pivot to Eastern markets.
The British bank completed the sale of its retail banking business in France in January 2024, to Crédit Commercial de France (CCF).
($1 = 0.8581 euros)
(Reporting By Lawrence White; Editing by Kirsten Donovan)
HSBC has agreed to sell €6.7 billion ($7.81 billion) worth of French home loans.
The mortgages are being sold to British insurer Rothesay and consortium partner CCF Group.
The portfolio mainly consists of 25-year fixed rate mortgages for residential properties in France.
The sale is part of HSBC's strategy to reduce its presence in France and focus on Eastern markets.
HSBC completed the sale of its retail banking business in France to Crédit Commercial de France (CCF) in January 2024.
Explore more articles in the Finance category
