Sri Lanka, April 30 -- HSBC banking services will be suspended from this afternoon (30), as the final stage of transferring its consumer banking operations to Nations Trust Bank PLC begins.

The bank confirmed that its corporate services will continue as usual.

Nations Trust Bank PLC recently notified the stock exchange of an agreement to acquire the retail banking business of the Hongkong and Shanghai Banking Corporation in Sri Lanka for Rs. 18 billion plus relevant taxes.

A binding sale and purchase agreement has been signed between the two parties regarding this transaction.

HSBC issued a set of special instructions for customer convenience during the transition.

HSBC bank branches, foreign exchange centres, and atm services will c...