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HSBC injects £750m capital using group funds to meet UK Govt demands

HSBC has met its commitment to the Government to recapitalise its UK subsidiary with a £750m equity injection from the group’s own resources.

The bank was one of eight listed in the Government’s announcement yesterday as having agreed to collectively increase their capital by £25bn.

HSBC says it has no plans to use the Government’s own recapitalization

The bank says that with a tier one capital ratio of 8.8 per cent and a loan to deposit ratio of 90 per cent it remains” one of the most strongly capitalised and liquid banks in the world”.

It also says it has provided significant amounts of liquidity to the London Sterling interbank market, lending around £4bn of three-month and six-month money to other banks.

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