HBOS

History

The history of HBOS and its constituent companies date back to the 17th century. HBOS was formed in September 2001, following the merger between Bank of Scotland and the Halifax plc. The merger was announced by both Boards of Directors on 4th May 2001. It became effective on 10th September 2001.

Area of Operation

The businesses of HBOS are:

Key Statistics

• HBOS holds assets of $928.53 billion.
• HBOS has made profits of $5.87 billion in 2006.
• HBOS operates in United Kingdom.
• HBOS has 63,685 employees.

Organization

The organization is governed by:
Board of Directors:

• Executive Directors
• Non-Executive Directors

Committees:

• Executive Committee
• Audit committee
• Nomination committee
• Remuneration committee

International Ranking

• HBOS ranks 24 in the world according to Forbes Magazine list.
• HBOS ranks 49 in Fortune Global 500 list.

Subsidiaries

HBOS plc is the holding company of the HBOS Group. HBOS has 4 main subsidiaries:

• Halifax plc
• The Governor & Company of the Bank of Scotland
• HBOS Insurance & Investment Group Limited
• Halifax Share Dealing Limited

Headquarter Address

PO Box 5
The Mound
Edinburgh EH1 1YZ
United Kingdom
Phone: 44-870-600 5000
Website URL: www.hbosplc.com