German fintech powerhouse RS2 has positioned itself as a serious contender to buy HSBC Malta, pledging to revive the Mid-Med Bank brand.

Times of Malta reports RS2 confirmed that it had been invited to submit a bid for HSBC Malta.

The company has ambitious plans not only to retain HSBC Malta's operations and staff but also to bring back the iconic Mid-Med Bank name and branding, phased out more than two decades ago after HSBC's takeover in 1999.

"We've secured the Mid-Med brand and intend to revive it," a company spokesperson told Times of Malta.

RS2 has maintained a strong local presence for over 30 years, employing around 200 people in its Mosta headquarters and Gozo office.

RS2's proposal makes bold promises: no job cuts, no branch closures, and full retention of HSBC's ATM and retail infrastructure.

"Our business plan commits to retaining all employees, branch and ATM infrastructure," the spokesperson said. "Our aim is to increase, not decrease operations."