Royal Bank Halifax

By: EconomyWatch Content   Date: 4 November 2009

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Royal Bank Halifax or HBOS or Halifax Bank of Scotland group is the largest mortgage lender in the UK. It is a wholly owned subsidiary of the Lloyds Banking Group. It provides a comprehensive array of banking and insurance products to its customers worldwide.

Royal Bank Halifax: History

Royal Bank Halifax came into existence in 2001, as a result of the merger between Halifax plc and the Governor and Company of the Bank of Scotland. Halifax plc was transferred to the Bank of Scotland under HBOS Group Reorganisation Act 2006. The Group has its operational headquarters in Halifax, West Yorkshire, England, and the corporate headquarters in Edinburgh, Scotland. In January 2009, the bank was bought by Lloyds TSB and started operating under Lloyds Banking Group. HBOS still operates at ‘The Mound,’ in Edinburgh as a separate entity.

Royal Bank Halifax: Operations

Royal Bank Halifax conducts all its operations through the three main businesses:

Bank of Scotland plc: It has a number of brands operating in the UK and internationally. Its UK brands include the following:

  • Bank of Scotland

  • Bank of Scotland Treasury Services

  • Halifax Financial Services (Holdings) Ltd

  • Sainsbury's Bank

  • St James's Place Bank

Its international brands include:

  • Banco Halifax Hispania

  • Bank of Scotland Corporate

  • Bank of Scotland (Netherlands)

HBOS Australia: It was incorporated in 2004 with the aim of consolidating the Australian holdings of HBOS. It has two subsidiaries

  • Capital Finance Australia Limited

  • BOS International (Australia) Ltd

HBOS Insurance & Investment Group Limited: This division handles the insurance and investment brands of the group in the UK. Its brands include:

  • First Alternative

  • Halifax General Insurance Services Ltd

  • St Andrew's Group

  • Sainsbury's Bank

  • Insight Investment Management Limited

Royal Bank Halifax: Lloyds Banking Group

After Lloyds TSB Group plc acquired HBOS plc, the former changed its name to Lloyds Banking Group plc. The acquisition made the group the UK’s biggest retail bank. It is also among the leading banks providing mortgage, savings and bancassurance products and services. The bank boasts the largest distribution network in the country that serves more than 30 million customers.


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