Last checked at 18 Mar 2016 16:26
Europe
Our principal banking operations in Europe are HSBC Bank plc in the UK, HSBC France, HSBC Private Bank (Suisse) SA and HSBC Trinkaus & Burkhardt AG. Through these operations we provide a wide range of banking, treasury and financial services to personal, commercial and corporate customers across Europe. | ||||||
2015 | 2014 |
| 2013 | |||
$m | $m |
| $m | |||
|
|
|
| |||
Net interest income | 10,005 | 10,611 | 10,693 | |||
Net fee income | 4,891 | 6,042 | 6,032 | |||
Net trading income | 4,060 | 2,534 | 4,423 | |||
Other income/(expense) | 2,102 | 2,384 | (181) | |||
|
| |||||
Net operating income1 | 21,058 | 21,571 | 20,967 | |||
|
| |||||
LICs34 | (690) | (764) | (1,530) | |||
|
| |||||
Net operating income | 20,368 | 20,807 | 19,437 | |||
|
| |||||
Total operating expenses | (19,733) | (20,217) | (17,613) | |||
|
| |||||
Operating profit | 635 | 590 | 1,824 | |||
|
| |||||
Income from associates35 | 8 | 6 | 1 | |||
|
|
| ||||
Profit before tax | 643 | 596 | 1,825 | |||
| ||||||
Cost efficiency ratio | 93.7% | 93.7% | 84.0% | |||
RoRWA24 | 0.2% | 0.2% | 0.6% | |||
| ||||||
Year-end staff numbers | 67,509 | 69,363 | 68,334 | |||
For footnotes, see page 99.
Country view of adjusted revenue
2015 | 2014 | |||
$m | $m | |||
UK | 14,898 | 15,022 | ||
France | 2,619 | 2,487 | ||
Germany | 827 | 788 | ||
Switzerland | 631 | 698 | ||
Other | 1,427 | 1,271 | ||
Year ended 31 December | 20,402 | 20,266 |
Profit before tax ($m)
|
Revenue ($m)
|
Operating expenses ($m)
|
|
For details of significant items, see page 77.
Profit/(loss) before tax by country within global businesses
Retail Banking and Wealth Management $m |
| Commercial Banking $m |
| Global Banking and Markets $m |
| GlobalPrivateBanking$m |
| Other$m |
| Total$m | ||
|
|
|
|
|
|
|
|
|
|
| ||
UK | 964 |
| 2,040 |
| 384 |
| 169 |
| (3,857) |
| (300) | |
France23 | 388 |
| 152 |
| 112 |
| 14 |
| (27) |
| 639 | |
Germany | 23 |
| 66 |
| 157 |
| 20 |
| (27) |
| 239 | |
Switzerland | − |
| 8 |
| − |
| (220) |
| (4) |
| (216) | |
Other | (181) |
| 53 |
| 395 |
| 31 |
| (17) |
| 281 | |
|
|
|
|
|
|
|
|
|
|
|
| |
Year ended 31 December 2015 | 1,194 |
| 2,319 |
| 1,048 |
| 14 |
| (3,932) |
| 643 | |
UK | 589 | 2,193 | (801) | 191 | (2,228) | (56) | ||||||
France23 | (181) | 240 | 354 | − | (199) | 214 | ||||||
Germany | 28 | 71 | 162 | 27 | (10) | 278 | ||||||
Switzerland | − | 5 | 2 | 38 | (3) | 42 | ||||||
Other | (122) | 39 | 332 | 59 | (190) | 118 | ||||||
| ||||||||||||
Year ended 31 December 2014 | 314 | 2,548 | 49 | 315 | (2,630) | 596 | ||||||
|
|
|
|
|
|
|
|
|
|
|
| |
UK | 1,471 |
| 1,684 |
| 1,246 |
| 252 |
| (3,493) |
| 1,160 | |
France23 | 285 |
| 255 |
| 351 |
| 21 |
| (162) |
| 750 | |
Germany | 30 |
| 70 |
| 183 |
| 44 |
| (25) |
| 302 | |
Switzerland | − |
| 2 |
| 2 |
| (291) |
| − |
| (287) | |
Other | (33) |
| 77 |
| 19 |
| (191) |
| 28 |
| (100) | |
|
|
|
|
|
|
|
|
|
|
|
| |
Year ended 31 December 2013 | 1,753 |
| 2,088 |
| 1,801 |
| (165) |
| (3,652) |
| 1,825 |