HSBC Holds $400 Million Exposure to IFFCO

HSBC Exposure to IFFCO Group

HSBC Holdings plc is reported to have approximately $400 million of exposure to the IFFCO Group, positioning HSBC as the largest creditor to the UAE‑based consumer‑goods conglomerate. IFFCO Group, which manufactures cooking oils, biscuits and personal‑care products, is currently engaged in a restructuring of roughly $2 billion of debt. After negotiations with its lenders failed to yield an agreement, a creditor consortium filed insolvency petitions against IFFCO. Emirates NBD Bank PJSC is identified as another significant creditor, with its exposure now reduced to just over $100 million, although it is unclear whether HSBC has similarly trimmed its exposure in recent weeks. Representatives for both HSBC and Emirates NBD declined to comment on the matter, and IFFCO did not respond to requests for comment. The article was published on 12 June 2026 at 07:10 pm by Bloomberg and appears on Investing.com, noting HSBC’s share price up 3.86 % and Emirates NBD down 0.15 % at the time of reporting.