SPG Smart Portfolio Group Proprietary Limited today announced a €800 million bid for 70% of HSBC Bank Malta, participating in a highly competitive process where the Greek bank CrediaBank has recently offered €200 million for the same stake. SPG’s vision is focused on building the bank of the people, fostering local empowerment, and driving Malta’s financial evolution into the Quantum Era.
SPG’s bid demonstrates its commitment to wider participation and fair growth for Malta, with 10% of acquired shares being returned to the government and 5% allocated as a profit share scheme for all current staff, including those on strike. This scheme is designed to integrate employees directly into the success and future of HSBC Malta.
Employees will be invited to participate in the future development of the bank, safeguarding jobs and empowering the community. SPG’s vision is to establish HSBC Bank Malta as a robust, modern financial institution reflective of Malta’s ambitions, ensuring the island is well prepared for new global standards in banking.
Notably, SPG is at the forefront of financial innovation, being one of the first entities in the sector to launch its own stablecoin, AUSDT, which is fully USD -backed and insured. AUSDT provides transparent, secure, and reliable digital payment options making banking and digital finance more accessible for everyday people.
The bid’s structure is designed to deliver lasting benefits for local families and businesses, as well as rejuvenate Malta’s banking ecosystem. SPG aims for HSBC Malta to become the local bank serving families and commercial interests alike, and building prosperity for future generations.
This announcement is released to coincide with the formal bid submission to HSBC, signifying strong intention and rallying support from stakeholders, the European Central Bank, and international audiences for a fair, ambitious outcome for Malta’s banking future.
SPG’s proposal builds upon its history of innovation, community engagement, and inclusive banking. Its stablecoin, the AUSDT, is a testament to its pioneering philosophy as “the people’s bank,” prioritizing societal uplift, regulatory accountability, and next-generation financial tools.
About SPG Smart Portfolio Group
SPG Smart Portfolio Group Proprietary Limited is a specialist financial services provider, offering innovative asset management, digital banking, and strategic investment solutions to clients worldwide. With decades of experience across banking, wealth management, and project funding, SPG leverages advanced technology and proprietary digital currency infrastructure to empower individuals and communities.
As part of its forward-thinking vision, SPG has developed a dedicated bank acquisition and revitalisation strategy. This includes identifying underperforming banking assets, implementing robust recovery and transformation plans, and positioning acquired banks for long-term sustainable growth—combining traditional finance with cutting-edge digital tools. SPG’s mission is to create inclusive modern banking institutions that champion local interests and expand financial access for all.
For more information or media inquiries:
Press Office, SPG Smart Portfolio Group Proprietary Limited
Email: [email protected]
Valletta, Malta
