Financial Times

HSBC strengthens capital base of UK subsidiary

HSBC Holdings plc has strengthened the capital base of its UK subsidiary, HSBC Bank plc, through an equity injection of £750million, representing 1% of the total shareholders' equity of the HSBC Group as at 30 June 2008, the Bank said.

The capital injection has been funded from the Group’s own resources. As previously announced, HSBC has no plans to utilise the UK government’s recapitalisation initiative.

With a tier one capital ratio of 8.8 per cent and a loan to deposit ratio of 90 per cent as at 30 June 2008, the Group remains one of the most strongly capitalised and liquid banks in the world.

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