Bloomberg News

HSBC Readies Greek Branches to Dispense Drachmas, IoS Reports

May 20, 2012

HSBC Plc is preparing branches in Greece to cope with a return to the drachma, the Independent on Sunday reported, citing Iain Mackay, the bank’s finance director.

HSBC is training staff at its 15 locations in the country to manage computer systems and update cash dispensers in the event of a Greek exit from the European currency union, the newspaper said, citing Mackay.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net


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