LONDON, Nov 2 (Reuters) - HSBC's sale of itsBrazilian business remained on track but the planned disposal ofits business in Turkey will take "a little longer", its chiefexecutive said on Monday.
HSBC agreed to sell its business in Brazil to Banco Bradesco in August and had been in talks to sell its Turkishbusiness to ING Group, sources familiar with the matterhad said.
"The Brazil sale is on track. There is no update on Turkeyjust yet and I expect that to take a little longer," CEO StuartGulliver told analysts in a conference call after third quarterresults.
Gulliver said HSBC had also sold another portfolio of U.S.loans in recent days that would reduce its assets by at leastanother $4 billion on a risk-adjusted basis. (Reporting by Steve Slater; Editing by Matt Scuffham)
HSBC Holdings (HSBA)
