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HBOS

History

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

Scope of Operation

  • Retail Banking
  • Business Banking
  • Corporate Banking
  • Insurance and Investment

Key Statistics

  • Assets of $928.53 billion
  • Profits of $5.87 billion in 2006

  • Operations in United Kingdom
  • 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

  • 24th in the world according to Forbes Magazine
  • 49th according to the 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
Last updated on : 22-Feb-2012 10:21 am