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.

Financials

Total Assets (2017)
818.87 bln GBP  (+0.25%)
Net Income (2017)
1 842.00 mln GBP

In 2017 total assets of HSBC Bank plc were 818,87 bln GBP. In 2017 the bank's net income 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.

Contacts

8 Canada Square, Level 3, EC3R 6HA, London, United Kingdom

HSBC Bank plc is headquartered in London.

Bank Identifiers

MFI ID
GB1805
Company Number
00014259

Financial Positions

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.

Total Assets of HSBC Bank plc.

Chart 1. Total Assets of HSBC Bank plc.

Profit and Loss

Net Income (2017)
1 842.00 mln GBP

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 2 below.

Net Income of HSBC Bank plc.

Chart 2. Net Income of HSBC Bank plc.

Credit Ratings (as of May 2018)

Fitch Moody's
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.

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).

Deposit Guarantee

Deposit Guarantee
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
Covered Currencies  all
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information

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

Banking Products in the United Kingdom