HFC Bank Plc

In February 2013, HFC Bank Limited reached an agreement to sell part of the secured loan portfolio to a third party, Sancopia Portfolios No 1 SARL. All remaining accounts were transferred from HFC Bank Limited to HSBC Bank plc.

Financials

Total Assets (2015)
103.50 mln GBP  (+0.29%)
Annual Profit (2015)
400 000.00 GBP  (-5.44%)

In 2015 total assets of HFC Bank Plc were 103,50 mln GBP. In 2015 the bank's annual profit was 400 000,00 GBP.

HFC Bank Plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is WD (withdrawn).

HFC 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

North Street, Winkfield, Sl4 4TD, Windsor, United Kingdom

HFC Bank Plc was headquartered in Windsor.

Bank Identifiers

MFI ID
GB1370
Company Number
01117305
Close Date
June 2015

Financial Positions

Total Assets (2015)
103.50 mln GBP  (+0.29%)

In 2015 total assets of HFC Bank Plc were 103.50 mln GBP. Growth compared to the previous period (2014) was 0.29%.

Profit and Loss

Annual Profit (2015)
400 000.00 GBP  (-5.44%)

In 2015 annual profit of HFC Bank Plc was 400 000.00 GBP. Decline compared to the previous period (2014) was -5.44%.

Credit Ratings (as of May 2018)

Fitch Moody's
WD (withdrawn) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. HFC Bank Plc is rated by Fitch.

Credit ratings assigned to HFC 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credit institution's relative vulnerability to default on its financial obligations, for HFC Bank Plc it is set to WD (withdrawn). The rating is not on watch. Short-term issuer default rating for HFC Bank Plc is set to WD (withdrawn).

Long-Term Issuer Default Rating  WD
    Outlook  -
    On Watch  No
Short-Term Issuer Default Rating  WD
Viability Rating  -
Support Rating  WD
Support Rating Floor  -

Viability rating for HFC Bank Plc is not set support rating is WD; support rating floor is not set.

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 HFC 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 HFC Bank Plc is shown in the table below.

MFI ID  GB1370

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  01117305

Defunct Banks: 2 banks in 2 countries

The following banks operating under HFC Bank brand name has been recently closed down:

Ireland

United Kingdom

  •  (this bank) HFC Bank Plc (Windsor)

Banking Products in the United Kingdom