12:52 PM EDT, 07/18/2025 (MT Newswires) -- HSBC ( HSBC ) unit HSBC Continental Europe said Friday it agreed to sell a 6.7 billion euros ($7.8 billion) portfolio of French home and other retail loans to a consortium of Rothesay Life and CCF.

The portfolio, retained after the bank's earlier sale of its French retail banking operations, was reclassified in January as hold-to-collect-and-sell and marked down by 1.2 billion euros in the first quarter through other comprehensive income.

The transaction, expected to close in Q4, will result in the removal of related risk-weighted assets but will have no further impact on HSBC's ( HSBC ) core capital ratio, according to the firm.

Financial terms were not disclosed.

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