Founded in 1880, HSBC Bank is a global universal bank providing various banking and financial services worldwide. HSBC Bank offers products and services in the following segments: retail banking and wealth management, commercial banking, global banking and markets, and global private banking.
In 2015 total assets of HSBC Bank plc were 2 213,00 bln EUR.
HSBC Bank plc is rated by Fitch, Moody's, Standard & Poor's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade). Long-term credit rating assigned to the bank by Standard & Poor's is AA- (very strong capacity to meet its financial commitments). HSBC Bank plc participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 75 000 GBP per bank per depositor.
HSBC Bank plc is headquartered in London.
|Address||St Magnus House, 3 Lower Thames Street, EC3R 6HA, London, United Kingdom|
|Head of Group||HSBC (United Kingdom)|
|Total Assets (2015)||2 213.00 bln EUR (+1.98%)|
|Credit Ratings (as of Apr 2016)|
|Fitch||AA- (very high credit quality)|
|Moody's||A1 (upper medium grade)|
|S&P's||AA- (very strong capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 75 000 GBP per depositor)|
|European Presence||23 banks in 19 countries|
In 2015 total assets of HSBC Bank plc were 2 213.00 bln EUR. Growth compared to the previous period (2014) was 1.98%. The evolution of the total assets of HSBC Bank plc is shown at Chart 1 below.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, HSBC Bank plc is rated by Fitch and Standard & Poor's.
Credit ratings assigned to HSBC Bank plc as of April 2016 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for HSBC Bank plc it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for HSBC Bank plc is set to F1+ (highest short-term credit quality).
|Long-Term Issuer Default Rating||AA-|
|Short-Term Issuer Default Rating||F1+|
|Support Rating Floor||NF|
Viability rating for HSBC Bank plc is set to aa- (very high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
Long-term rating for HSBC Bank plc it is set to A1 (upper medium grade). Long-term bank deposit rating is not assigned. Bank financial strength rating is not set. Short-term rating is set to Baa1.
|Long-Term Bank Deposit Rating||-|
|Bank Financial Strength Rating||-|
Outlook for the ratings of HSBC Bank plc is set to negative (may be lowered).
Long-term foreign currency rating for HSBC Bank plc is set to AA- (very strong capacity to meet its financial commitments). Long-term local currency rating is set to AA- (very strong capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||AA-|
|Outlook||stable (not likely to change)|
|Long-Term Local Currency Rating||AA-|
|Outlook||stable (not likely to change)|
|Short-Term Foreign Currency Rating||A-1+|
|Short-Term Local Currency Rating||A-1+|
Short-term foreign currency rating for HSBC Bank plc is set to A-1+ (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1+ (strong capacity to meet its financial commitments).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.
In the case of HSBC Bank plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||75 000 GBP|
|Paid In Currency||GBP|
Further Information: Deposit Guarantee Scheme in the United Kingdom
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||No|
|Exempt from MRR by ECB||No|
Any bank can be identified for different purposes and hence can have several different identifiers.
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of HSBC Bank plc is shown in the table below.
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.