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.
HSBC Bank plc is the 2nd largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 818,87 bln GBP, providing the bank with the market share of 9.26%. In 2017 the bank's annual profit was 1 842,00 mln GBP.
HSBC Bank plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).
HSBC Bank plc participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.
HSBC Bank plc is headquartered in London.
|Total Assets (2017)|
|818.87 bln GBP (+0.25%)|
In 2017 total assets of HSBC Bank plc were 818.87 bln GBP. Growth compared to the previous period (2016) was 0.25%. The evolution of the total assets of HSBC Bank plc is shown at Chart 1 below.
Chart 1. Total Assets of HSBC Bank plc.
|Annual Profit (2017)|
|1 842.00 mln GBP|
|Net Income (2017)|
|1 842.00 mln GBP|
In 2017 annual profit of HSBC Bank plc was 1 842.00 mln GBP. Decline compared to the previous period (2016) was -1 129.05%. The evolution of the annual profit of HSBC Bank plc is shown at Chart 2 below.
Chart 2. Annual Profit of HSBC Bank plc.
In 2017 net income of HSBC Bank plc was 1 842.00 mln GBP. Decline compared to the previous period (2016) was -1 129.05%. The evolution of the net income of HSBC Bank plc is shown at Chart 3 below.
Chart 3. Net Income of HSBC Bank plc.
|AA- (very high credit quality)||- (not rated)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. HSBC Bank plc is rated by Fitch.
Credit ratings assigned to HSBC Bank plc as of May 2018 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).
|Yes (up to 85 000 GBP per depositor)|
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||85 000 GBP|
|Paid In Currency||GBP|
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.
The following banks operating under HSBC Bank brand name has been recently closed down: