HSBC has mandated EY to explore a potential sale of its loan portfolio in its Indonesia retail banking business, according to five sources familiar with the situation.

Local banking players have been approached by the sell-side, one of the sources said.

The (retail) loan portfolio size is estimated to be about USD 300m, including USD 81m in personal loans and USD 142m in credit cards, he added.

The loan assets were considered divestible as the group continues reviewing the business portfolios across the regions to optimize the operations, a second source said

“We are reviewing our strategic options with regards to our retail banking business in Indonesia,” a HSBC spokesperson said in response to an inquiry by this news service. However, no decision has been made yet, so it would be inappropriate to comment further, the spokesperson added.

EY declined to comment.

In July 2025, HSBC announced it would exit the International Wealth and Premier Banking (Retail Banking) business in Bangladesh through a wind-down.

HSBC Indonesia has closed its six branches in the country throughout last year, as disclosed in its website.

HSBC Indonesia provides multi-product retail offerings across auto loans, credit cards, mortgages, margin lending, and wealth management, alongside a full suite of corporate banking services.

HSBC Group acquired local bank Bank Ekonomi Raharja (Bank Ekonomi) in 2009. In October 2016, Bank Ekonomi was rebranded as PT Bank HSBC Indonesia and currently has around 2,300 employees, according to the company website.