HSBC sells A$36 billion Australian home and personal loan portfolio to Blackstone

Published Jul 31, 08:36 AM UTC

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HSBC has sold its A$36 billion (US$25.30 billion) Australian home and personal loan portfolio to Blackstone, marking the largest-ever sale of a home loan portfolio according to Blackstone. The deal, announced on July 31, 2026, is part of HSBC CEO Georges Elhedery's broader restructuring strategy to exit non-core businesses. The transaction involves a significant transfer of Australian mortgage and personal loan assets from the global banking giant to the private equity firm, reflecting ongoing shifts in the global financial landscape and HSBC's strategic focus on core markets.

Source

The Business TimesRegional

Original headline: HSBC sells US$25 billion Australian home and personal loan portfolio to Blackstone

Original language: EN-US

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HSBC sells A$36 billion Australian loan portfolio to Blackstone

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People and interests

Blackstone Australia