Who we are
International’s multi-brand strategy focuses on clearly defined locations – Australia, Ireland and Europe & North America – where we have established expertise and operations.
Distinct businesses
International comprises three distinct businesses. HBOS Australia provides retail, corporate, insurance and investment products. In Ireland, Bank of Scotland (Ireland) focuses on providing banking solutions to business banking customers and is committed to becoming a full service retail bank in 2007. Europe & North America combines the Group’s corporate, retail and investment businesses in those areas.
Australia
In Australia, our Retail and Commercial businesses operate under the BankWest brand with strong presence in Western Australia and a growing presence nationally. Our Insurance & Investment businesses operate under the St Andrew’s brand and our Corporate Banking business, based in Sydney, operates under the BOS International brand providing, principally, M&A finance, real estate lending and infrastructure/project finance. Asset Finance operates under the Capital Finance brand.
Ireland
In Ireland, we are established in the business banking and intermediary markets operating under Bank of Scotland (Ireland)’s (‘BOSI’) brand. In our move to become a full service Bank by mid 2007 we are finalising the development of a nationwide branch network that will support the delivery of a full range of retail banking products. Using the Halifax name, we offer simple, value for money products aimed at overcoming customer inertia and creating clear differentiation from competitor offerings.
Europe & North America (‘ENA’)
In ENA, the corporate business in Continental Europe targets sectors of specialist expertise including private equity, real estate and project finance. Corporate North America focuses on sectors in which we have experience including oil and gas, gaming and real estate. Our retail activities consist of Banco Halifax Hispania (‘BHH’), our expanding branch network in Spain and our online and intermediary mortgage business, BOS Netherlands (‘BOSNL’). Our investment business provides life assurance and pensions, predominantly, to the German investment market through the Clerical Medical Europe and Heidelberger Leben brands.
