Part of the worldwide banking conglomerate HSBC Group, HFC Bank has operated consumer banking services in the UK for nearly four decades. It currently serves about three million customers in the country.
History
HFC Bank was founded in 1973 in the United Kingdom and was a wholly-owned subsidiary of Household International, Inc. In 1998, the bank merged with Beneficial Bank, which gave it additional market presence. In 2003, both Household and HFC became part of the HSBC Group.
Significance
HFC offers short and medium term credit services in the UK according to their website. It also operates credit programs for several large retailers in the region, including B&Q, Currys, Dixons and PC World.
Offices
The company operates two offices, one in Winkfield, and the other in Birmingham. The Winkfield location contains much of the administrative functions of HFC, while the Birmingham location provides customer service functions. Those operations are spread across three sites in the city.
Retail
At retail, HFC is known as Beneficial Finance, which offers loans and insurance to consumers. It operates locations in the Dublin and Belfast metropolitan areas in Ireland; in the Glasgow and Edinburgh areas of Scotland; and near the cities of Leeds, Liverpool, Cardiff, Birmingham and London in England.
Community Involvement
HFC says it prides itself in its involvement in the community, contributing regularly to charity and in particular to those assisting children. It also boasts that it actively works to support the communities it serves. In addition, the company has undertaken initiatives to limit its environmental footprint and is a "carbon neutral" company.
