Credit Corp Group договорилась о покупке портфеля кредитных карт HSBC в Австралии

Credit Corp Group have reached an agreement with HSBC Bank Australia Limited to acquire HSBC’s Australian credit card run-off book. The most recent monthly banking statistics from APRA show HSBC had $476 million in credit card receivables from households, as at the end of June 2026. This represents 1.7% of the credit card market. In the first week of August HSBC announced that it will be closing its retail banking business in Australia, following a review. HSBC Bank Australia said at the time that it had it entered into a sale agreement for its home and personal loan portfolio with funds managed by affiliates of Blackstone Inc. As part of this, Pepper Money is expected to manage and service these loans from the first half of 2027. Credit Corp on Friday said the transaction “is expected to complete early in calendar 2027 after HSBC undertakes a process of de-activating the credit cards on issue.  “The precise consideration will be determined closer to completion but is expected to be approximately $150 million.” Credit Corp is thus making it even clearer that one of its strategic priorities is to grow the firm’s consumer lending business. Credit Corp was unsuccessful in its recent attempts to engage with the board of Humm Limited over a mooted takeover offer. For now, HSBC lacks a buyer for its $39 billion deposit book in Australia. Perhaps a bank buyer will emerge for this deposit book over time.