March 23, 2017 11:09 AM ET

Banks

Company Overview of HBOS plc

Company Overview

HBOS plc, together with its subsidiaries, provides various banking and financial services in the United Kingdom and internationally. The company offers current and savings accounts, personal loans, credit cards, and mortgages in the retail market; and loans and capital market products to commercial, corporate, and asset finance customers. It also provides private banking services. The company was incorporated in 2001 and is based in Edinburgh, the United Kingdom. As of January 16, 2009, HBOS plc operates as a subsidiary of Lloyds Bank plc.

The Mound

Edinburgh,  EH1 1YZ

United Kingdom

Founded in 2001

36,351 Employees

Key Executives for HBOS plc

Group Chief Executive Officer and Executive Director
Age: 52
Chief Financial Officer, Finance Director and Executive Director
Age: 53
Chief Executive of Insight Investment
Age: 55
Regional Director
Head of European Corporate Business
Compensation as of Fiscal Year 2016.

HBOS plc Key Developments

HBOS plc Reports Consolidated Earnings Results for the Year Ended December 31, 2016

HBOS plc reported consolidated earnings results for the year ended December 31, 2016. For the period, the company has posted net interest income of £6,361 million against £6,706 million a year ago. Total income was £7,676 million against £7,385 million a year ago. Profit before tax was £3,804 million against £2,740 million a year ago. Profit for the year was £2,606 million against £2,011 million a year ago. Profit attributable to ordinary shareholders was £2,505 million against £2,011 million a year ago. Net cash provided by operating activities was £4,095 million against £8,713 million a year ago. Purchase of available-for-sale financial assets was £297 million against £11,368 million a year ago. Purchase of fixed assets was £131 million against £136 million a year ago.

HBOS plc Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2016

HBOS plc announced unaudited consolidated earnings results for the half year ended June 30, 2016. For the period, net interest income was GBP 3,251,000 against GBP 3,407,000 a year ago. Total income was GBP 4,038,000 against GBP 3,837,000 a year ago. Profit before tax was GBP 2,245,000 against GBP 1,608,000 a year ago. Profit for the period was GBP 1,683,000 against GBP 1,299,000 a year ago. Net cash provided by operating activities was GBP 3,028,000 against GBP 1,038,000 a year ago. Purchase of fixed assets was GBP 56,000 against GBP 56,000 a year ago.

HBOS plc and Lloyds Bank plc Announce Final Results of Exchange Offer

Lloyds Banking Group plc announced the expiration and final results of its previously announced exchange offer for specified series of outstanding subordinated debt securities issued by HBOS plc and Lloyds Bank plc. The terms and conditions of the Exchange Offer are set forth in the Exchange Offer Memorandum dated 23 November 2015. Based on information provided by the Exchange Agent, approximately $1.44 billion aggregate principal amount of Old Notes were validly tendered and not validly withdrawn by 11:59 p.m., New York City time, on 21 December 2015, as more fully set forth below. This amount includes $25,837,000 aggregate principal amount of the 2020 Old Notes and $501,000 aggregate principal amount of the 2033 Old Notes tendered after 5:00 p.m., New York City time, on 7 December 2015 but prior to the Expiration Deadline and accepted for exchange. This is in addition to the previously accepted amounts on 10 December 2015 of $1,133,093,000 aggregate principal amount of the 2020 Old Notes and $283,386,000 aggregate principal amount of the 2033 Old Notes. LBG has accepted for exchange on the Final Settlement Date all Old Notes that were validly tendered after the Early Participation Date but at or prior to the Expiration Deadline. The Final Settlement Date is expected to be 23 December 2015. Lloyds Bank plc 6.50% Fixed Rate Lower Tier 2 Notes due 2020 has Principal Amount Outstanding of $2,000,000,000, Principal Amount Tendered Prior to Early Participation Date and Accepted for Exchange of $1,133,093,000, Principal Amount Tendered After Early Participation Date but Prior to Expiration Deadline and Accepted for Exchange of $25,837,000, Principal Amount of New Notes to be Issued on the Final Settlement Date is $28,907,000, Principal Amount of New Notes Issued Pursuant to the Exchange Offer of $1,353,364,000. HBOS plc 6.00% Subordinated Notes due 2033 has Principal Amount Outstanding of $750,000,000, Principal Amount Tendered Prior to Early Participation Date and Accepted for Exchange of $283,386,000, Principal Amount Tendered After Early Participation Date but Prior to Expiration Deadline and Accepted for Exchange of $501,000, Principal Amount of New Notes to be Issued on the Final Settlement Date is $547,000, Principal Amount of New Notes Issued Pursuant to the Exchange Offer of $324,082,000.

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Recent Private Companies Transactions

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Date
Target
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