HSBC Bank plc

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.

Contacts 
    Address  St Magnus House, 3 Lower Thames Street, EC3R 6HA, London, United Kingdom
Head of Group   HSBC (United Kingdom)
Financial Positions
    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)
Bank Identifiers
    MFI ID  GB1805
    Company Number  00014259
European Presence  23 banks in 19 countries

Financial Positions

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.

Total Assets of HSBC Bank plc.
Chart 1. Total Assets of HSBC Bank plc.

Credit Ratings

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.

Fitch

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-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  aa-
Support Rating  5
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).

Moody's

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 Rating  A1
Long-Term Bank Deposit Rating  -
Bank Financial Strength Rating  -
Short-Term Rating  Baa1
Outlook  negative

Outlook for the ratings of HSBC Bank plc is set to negative (may be lowered).

Standard & Poor's

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)
    Credit Watch  -
Long-Term Local Currency Rating  AA-
    Outlook  stable (not likely to change)
    Credit Watch  -
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

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
Covered Currencies  all
Maximum Protected Amount  75 000 GBP
Paid In Currency  GBP

Further Information: Deposit Guarantee Scheme in the United Kingdom

ECB Minimum Reserves Requirements (MRR)

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

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

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.

MFI ID  GB1805

Company Registration Number

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.

Company Number  00014259

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Belgium

Bermuda

Cayman Islands

Czech Republic

France

Greece

Guernsey

Ireland

Isle of Man

Italy

Jersey

Luxembourg

Malta

Netherlands

Poland

Spain

Switzerland

Turkey

United Kingdom

Related Information on the United Kingdom

  Economy and Banking Sector of the United Kingdom

  List of Banks in the United Kingdom

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Country Information

  Economy and Banking Sector of the United Kingdom

  List of Banks in the United Kingdom


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