Customer Account Fees - CBM and MFSA ongoing discussions with HSBC Bank Malta plc.

The Central Bank of Malta and the Malta Financial Services Authority have today held a joint meeting to discuss HSBC Bank Malta plc’s (‘HSBC’) recent announcement on changes to their customer account fee structure. Discussions between the Authorities and HSBC are still ongoing. The Authorities have asked HSBC to reconsider its position.

In the meantime, HSBC has agreed to temporarily suspend the customer contact programme in view of these on-going discussions.