Last checked at 20 Mar 2015 16:33
Profit/(loss) before tax and balance sheet data - North America
2014 | ||||||||||||||
| Retail Bankingand WealthManagementUS$m |
| Commercial Banking US$m |
| GlobalBanking andMarketsUS$m |
| Global PrivateBankingUS$m |
| Other US$m |
| Inter-segment elimination55 US$m |
| TotalUS$m | |
Profit/(loss) before tax |
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Net interest income | 2,645 |
| 1,455 |
| 587 |
| 204 |
| 157 |
| (33) |
| 5,015 | |
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Net fee income/(expense) | 497 |
| 572 |
| 775 |
| 130 |
| (34) |
| − |
| 1,940 | |
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Trading income/(expense) excluding net interest income | (165) |
| 34 |
| 302 |
| 13 |
| 3 |
| − |
| 187 | |
Net interest income/(expense)on trading activities | 7 |
| 1 |
| 183 |
| − |
| − |
| 33 |
| 224 | |
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Net trading income/(expense)50 | (158) |
| 35 |
| 485 |
| 13 |
| 3 |
| 33 |
| 411 | |
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Changes in fair value of long-term debt issued and related derivatives | − |
| − |
| − |
| − |
| (99) |
| − |
| (99) | |
Net income from other financial instruments designated atfair value | − |
| − |
| − |
| − |
| − |
| − |
| − | |
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Net expense from financial instruments designated atfair value | − |
| − |
| − |
| − |
| (99) |
| − |
| (99) | |
Gains less losses from financial investments | − |
| 15 |
| 237 |
| − |
| 5 |
| − |
| 257 | |
Dividend income | 13 |
| 8 |
| 16 |
| 3 |
| 4 |
| − |
| 44 | |
Net insurance premium income | − |
| − |
| − |
| − |
| − |
| − |
| − | |
Other operating income | 268 |
| 61 |
| 101 |
| 1 |
| 1,872 |
| (1,719) |
| 584 | |
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Total operating income | 3,265 |
| 2,146 |
| 2,201 |
| 351 |
| 1,908 |
| (1,719) |
| 8,152 | |
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Net insurance claims56 | − |
| − |
| − |
| − |
| − |
| − |
| − | |
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Net operating income4 | 3,265 |
| 2,146 |
| 2,201 |
| 351 |
| 1,908 |
| (1,719) |
| 8,152 | |
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Loan impairment (charges)/ recoveries and other creditrisk provisions | (117) |
| (148) |
| (63) |
| 8 |
| (2) |
| − |
| (322) | |
Loan impairment (charges)/ recoveries and other creditrisk provisions |
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Net operating income | 3,148 |
| 1,998 |
| 2,138 |
| 359 |
| 1,906 |
| (1,719) |
| 7,830 | |
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Total operating expenses | (2,516) |
| (1,101) |
| (2,250) |
| (274) |
| (2,007) |
| 1,719 |
| (6,429) | |
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Operating profit/(loss) | 632 |
| 897 |
| (112) |
| 85 |
| (101) |
| − |
| 1,401 | |
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Share of profit in associatesand joint ventures | − |
| 16 |
| − |
| − |
| − |
| − |
| 16 | |
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Profit/(loss) before tax | 632 |
| 913 |
| (112) |
| 85 |
| (101) |
| − |
| 1,417 | |
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| % |
| % |
| % |
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| % | |
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Share of HSBC's profit before tax | 3.4 |
| 4.9 |
| (0.6) |
| 0.5 |
| (0.5) |
|
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| 7.6 | |
Cost efficiency ratio | 77.1 |
| 51.3 |
| 102.2 |
| 78.1 |
| 105.2 |
|
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| 78.9 | |
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Balance sheet data40 |
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| US$m |
| US$m |
| US$m |
| US$m |
| US$m |
|
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| US$m | |
Loans and advances to customers (net)27 | 60,365 |
| 41,966 |
| 21,110 |
| 6,346 |
| - |
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| 129,787 | |
Total assets | 74,680 |
| 48,411 |
| 319,819 |
| 8,386 |
| 16,823 |
| (31,260) |
| 436,859 | |
Customer accounts27 | 51,258 |
| 45,275 |
| 30,301 |
| 12,050 |
| - |
|
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| 138,884 | |
2013 | ||||||||||||||
| Retail Bankingand WealthManagementUS$m |
| Commercial Banking US$m |
| GlobalBanking andMarketsUS$m |
| Global PrivateBankingUS$m |
| Other US$m |
| Inter-segment elimination55 US$m |
| TotalUS$m | |
Profit/(loss) before tax |
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Net interest income | 3,483 |
| 1,430 |
| 582 |
| 195 |
| 89 |
| (37) |
| 5,742 | |
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Net fee income | 605 |
| 593 |
| 741 |
| 125 |
| 79 |
| − |
| 2,143 | |
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Trading income excluding net interest income | 48 |
| 40 |
| 613 |
| 19 |
| 7 |
| − |
| 727 | |
Net interest income on trading activities | 11 |
| 1 |
| 172 |
| − |
| − |
| 37 |
| 221 | |
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Net trading income50 | 59 |
| 41 |
| 785 |
| 19 |
| 7 |
| 37 |
| 948 | |
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Changes in fair value of long-term debt issued and related derivatives | − |
| - |
| - |
| - |
| (288) |
| - |
| (288) | |
Net income from other financial instruments designated at fair value | − |
| − |
| − |
| − |
| − |
| − |
| − | |
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Net expense from financial instruments designated atfair value | − |
| − |
| − |
| − |
| (288) |
| − |
| (288) | |
Gains less losses from financial investments | 4 |
| − |
| 282 |
| − |
| 8 |
| − |
| 294 | |
Dividend income | 12 |
| 9 |
| 48 |
| 4 |
| 4 |
| − |
| 77 | |
Net insurance premium income | 34 |
| - |
| - |
| - |
| - |
| - |
| 34 | |
Other operating income/ (expense) | (454) |
| − |
| 229 |
| 1 |
| 1,829 |
| (1,713) |
| (108) | |
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Total operating income | 3,743 |
| 2,073 |
| 2,667 |
| 344 |
| 1,728 |
| (1,713) |
| 8,842 | |
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Net insurance claims56 | (39) |
| − |
| − |
| − |
| − |
| − |
| (39) | |
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Net operating income4 | 3,704 |
| 2,073 |
| 2,667 |
| 344 |
| 1,728 |
| (1,713) |
| 8,803 | |
|
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Loan impairment charges and other credit risk provisions | (950) |
| (223) |
| (20) |
| (4) |
| − |
| − |
| (1,197) | |
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Net operating income | 2,754 |
| 1,850 |
| 2,647 |
| 340 |
| 1,728 |
| (1,713) |
| 7,606 | |
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Total operating expenses | (2,960) |
| (1,096) |
| (1,718) |
| (283) |
| (2,072) |
| 1,713 |
| (6,416) | |
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Operating profit/(loss) | (206) |
| 754 |
| 929 |
| 57 |
| (344) |
| − |
| 1,190 | |
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Share of profit/(loss) in associatesand joint ventures | (1) |
| 32 |
| − |
| − |
| − |
| − |
| 31 | |
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Profit/(loss) before tax | (207) |
| 786 |
| 929 |
| 57 |
| (344) |
| − |
| 1,221 | |
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| % |
| % |
| % |
| % |
| % |
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| % | |
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Share of HSBC's profit before tax | (0.9) |
| 3.5 |
| 4.1 |
| 0.3 |
| (1.6) |
|
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| 5.4 | |
Cost efficiency ratio | 79.9 |
| 52.9 |
| 64.4 |
| 82.3 |
| 119.9 |
|
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| 72.9 | |
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Balance sheet data40 |
|
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| US$m |
| US$m |
| US$m |
| US$m |
| US$m |
|
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| US$m | |
Loans and advances to customers (net)27 | 66,192 |
| 37,735 |
| 18,070 |
| 5,956 |
| − |
|
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| 127,953 | |
Total assets | 82,530 |
| 45,706 |
| 313,701 |
| 8,542 |
| 13,211 |
| (31,655) |
| 432,035 | |
Customer accounts27 | 53,600 |
| 49,225 |
| 24,113 |
| 13,871 |
| − |
|
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| 140,809 | |
For footnotes, see page 109.