We continue to be owned entirely by the Hoare family on an unlimited liability basis with no external financing. As a result we have a highly conservative attitude to risk which is monitored closely and managed within strict limits.
Our growth and development is funded solely through retained earnings. The chart below shows the growth in our capital resources (comprising share capital and reserves) over the past 10 years.
Share capital and reserves are now at £320m.
As part of the European Union's Capital Requirements Directive, the bank publishes its Pillar 3 report to illustrate the bank's capital, risk exposures and risk assessment procedures.