HBOS


HBOS headquarters in Edinburgh

HBOS plc is a financial services company in the UK. It is the holding company for Bank of Scotland plc, which operates the Bank of Scotland and Halifax brands in the UK, as well as HBOS Australia and HBOS Insurance & Investment Group. In January 2009, HBOS became a member of the Lloyds Banking Group. HBOS continues to operate as a separate organisation within the new group. Lloyds Banking Group has stated that the new group will continue to use 'The Mound' as the headquarters for its Scottish operations and will not cease the issue of Scottish banknotes. HBOS was created in September 2001 from the merger of Halifax plc and Bank of Scotland, becoming the fifth largest financial services provider in the UK. In 2006, the HBOS Group Reorganisation Act 2006 transferred the assets and liabilities of Halifax to Bank of Scotland, which became a standard plc. Halifax then became a trading name of Bank of Scotland.

Key financials (at 31 December)

	2010 £ m	2009 £ m
Total assets	641,752	719,183
Deposits from banks	143,137	179,064
Customer deposits	216,404	232,023
Total equity	26,41	26,156
Net interest income	8,37	5,689
Total income	23,757	26,905
Tier 1 capital ratio	11.4%	9.1%

Headquarters address:
PO Box No 5 The Mound
Edinburgh, Lothian EH1 1YZ
United Kingdom
Phone: +44 13 1470 2000
Fax: +44 13 1243 5437