CrediaBank is poised to acquire a majority stake in a leading Greek brokerage firm, as it prepares to take over HSBC Malta.
The Greek bank said it is in exclusive discussions with Pantelakis Securities S.A. to buy a 70 per cent stake in it.
Pantelakis was previously part of the HSBC group, operating as HSBC Securities until 2012, and maintains strong links with HSBC London, CrediaBank said.
“The potential acquisition aligns with CrediaBank’s strategy to diversify revenue streams and expand into new financial markets, while further enhancing the seamless integration of HSBC Malta into the CrediaBank Group,” the Greek bank said.
“Pantelakis Securities’ deep expertise and familiarity with HSBC’s operating model are expected to add significant value, drawing on experience gained from prior HSBC integrations in Greece.”
Greek media reported on CrediaBank’s negotiations with Pantelakis Securities last week, though the bank only issued a statement to Maltese media on Tuesday, hours after it officially confirmed that it has entered into a definitive deal with HSBC Continental Europe to acquire HSBC Malta.
The €200 million deal is expected to be completed in early 2027 and remains subject to regulatory approval.
As part of the deal, HSBC has agreed to pay its Malta-based workers €30 million in compensation, with that money being paid in part by HSBC Malta and in the majority by HSBC Continental Europe, its majority shareholder.
Pantelakis Securities was founded in 1920 and is listed on the Athens Stock Exchange. It was part of the broader HSBC group between 1990 and 2012, when a group of investors led by its CEO and founding family member Nikos Pantelakis resumed control of the company.
The firm offers brokerage and Equity Capital Markets (ECM) services to both private and institutional clients across Greek and international equities, bonds, and derivatives markets.
According to its most recent financial statements, it reported revenues of just over €3 million in the first six months of 2025 and net profits of €1.1 million. Assets totalled €16.5 million in that period against liabilities of €6.9 million.
