Exit Decision of Multinationational Banks. The Case of HSBC Kazakhstan

Seminar paper from the year 2014 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1, University of Applied Sciences Villach, course: International Business Management, language: English, abstract: Straight after a new CEO was assigned, Hong Kong and Shanghai Banking Corporation (HSBC) announced its exit from a number of markets including those that were considered to be high growth markets. The paper attempts to identify the key factors, which influence the exit decisions that are taken by multinational banks. The research is based on the analysis of HSBCs publicly available financial documents, strategy releases and other world economic databases. The results of the study reveal two main factors that forced HSBCs exit from Kazakh market. These findings can potentially be generalized to overall banking industry.