HSBC sells US$25 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 portfolio of Australian residential mortgages and personal loans, reflecting Blackstone's continued expansion into credit and asset-backed lending markets. The sale underscores HSBC's strategic shift to streamline operations and focus on core markets, while Blackstone gains a substantial foothold in the Australian consumer lending sector.

Source

The Business TimesWestern

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