Last checked at 18 Mar 2016 16:34
Latin America
Our operations in Latin America principally comprise HSBC Bank Brasil S.A.-Banco Múltiplo and HSBC México, S.A. In addition to banking services, we operate insurance |
| businesses in Brazil, Mexico and Argentina. During the year our operations in Brazil were classified as held for sale. |
2015 | 2014 | 2013 | ||||||||||||||||
Total Latin America | Brazil | Other Latin America | Total Latin America | Brazil | Other Latin America | Total Latin America | Brazil | Other Latin America | ||||||||||
$m | $m | $m | $m | $m | $m | $m | $m | $m | ||||||||||
Net interest income | 4,318 | 2,225 | 2,093 | 5,310 | 3,040 | 2,270 | 6,186 | 3,542 | 2,644 | |||||||||
Net fee income | 1,131 | 560 | 571 | 1,415 | 741 | 674 | 1,701 | 862 | 839 | |||||||||
Net trading income | 664 | 370 | 294 | 856 | 452 | 404 | 936 | 469 | 467 | |||||||||
Other income | 479 | 429 | 50 | 691 | 584 | 107 | 1,745 | 491 | 1,254 | |||||||||
Net operating income1 | 6,592 | 3,584 | 3,008 | 8,272 | 4,817 | 3,455 | 10,568 | 5,364 | 5,204 | |||||||||
LICs34 | (1,495) | (965) | (530) | (2,124) | (1,500) | (624) | (2,666) | (1,712) | (954) | |||||||||
Net operating income | 5,097 | 2,619 | 2,478 | 6,148 | 3,317 | 2,831 | 7,902 | 3,652 | 4,250 | |||||||||
Total operating expenses | (4,786) | (2,613) | (2,173) | (5,932) | (3,564) | (2,368) | (5,930) | (3,301) | (2,629) | |||||||||
Operating profit/(loss) | 311 | 6 | 305 | 216 | (247) | 463 | 1,972 | 351 | 1,621 | |||||||||
Income from associates35 | (1) | (1) | − | − | − | − | − | − | − | |||||||||
Profit/(loss) before tax | 310 | 5 | 305 | 216 | (247) | 463 | 1,972 | 351 | 1,621 | |||||||||
71.7% | 74.0% | 68.5% | ||||||||||||||||
Loans and advances to customers (net) | 17,293 | − | 17,293 | 43,122 | 23,749 | 19,373 | 43,918 | 24,924 | 18,994 | |||||||||
- reported in held for sale22 | 17,001 | 17,001 | − | − | − | − | − | − | − | |||||||||
Customer accounts | 21,470 | − | 21,470 | 48,588 | 23,204 | 25,384 | 51,389 | 23,999 | 27,390 | |||||||||
- reported in held for sale22 | 15,094 | 15,094 | − | − | − | − | − | − | − | |||||||||
Cost efficiency ratio | 72.6% | 72.9% | 72.2% | 71.7% | 74.0% | 68.5% | 56.1% | 61.5% | 50.5% | |||||||||
RoRWA24 | 0.4% | - | 0.8% | 0.2% | (0.5%) | 1.2% | 2.0% | 0.7% | 3.7% | |||||||||
Year-end staff numbers | 39,828 | 19,145 | 20,683 | 41,201 | 19,564 | 21,637 | 42,542 | 19,869 | 22,673 | |||||||||
For footnotes, see page 99.
Country view of adjusted revenue
2015 | 2014 | |||
$m | $m | |||
Argentina | 1,036 | 940 | ||
Mexico | 1,968 | 1,931 | ||
Other | 3,552 | 3,511 | ||
- included in Other: Brazil | 3,550 | 3,443 | ||
Year ended 31 December | 6,556 | 6,382 |
Profit before tax ($m)
|
Revenue ($m)
|
Operating expenses ($m)
|
|
For details of significant items, see page 49.
Profit/(loss) before tax by country within global businesses
Retail Banking and Wealth Management28 |
| Commercial Banking28 |
| Global Banking andMarkets |
| Global PrivateBanking |
| Other |
| Total | ||
$m |
| $m |
| $m |
| $m |
| $m |
| $m | ||
|
|
|
|
|
|
|
|
|
|
| ||
Argentina | 43 |
| 152 |
| 125 |
| − |
| (3) |
| 317 | |
Brazil | (344) |
| 11 |
| 336 |
| 6 |
| (4) |
| 5 | |
Mexico | 73 |
| (5) |
| (15) |
| (3) |
| (18) |
| 32 | |
Other | (12) |
| 7 |
| 16 |
| − |
| (55) |
| (44) | |
|
|
|
|
|
|
|
|
|
|
|
| |
Year ended 31 December 2015 | (240) |
| 165 |
| 462 |
| 3 |
| (80) |
| 310 | |
|
|
|
|
|
|
|
|
|
|
|
| |
Argentina | 68 | 119 | 219 | − | (22) | 384 | ||||||
Brazil | (230) | (97) | 115 | (2) | (33) | (247) | ||||||
Mexico | 7 | (23) | 89 | (2) | (20) | 51 | ||||||
Other | (5) | 8 | 27 | − | (2) | 28 | ||||||
| ||||||||||||
Year ended 31 December 2014 | (160) | 7 | 450 | (4) | (77) | 216 | ||||||
|
|
|
|
|
|
|
|
|
|
|
| |
Argentina | 112 |
| 127 |
| 170 |
| − |
| (1) |
| 408 | |
Brazil | (209) |
| 52 |
| 514 |
| 5 |
| (11) |
| 351 | |
Mexico | 138 |
| (144) |
| 115 |
| (3) |
| 11 |
| 117 | |
Other | 289 |
| 525 |
| 368 |
| (1) |
| (85) |
| 1,096 | |
|
|
|
|
|
|
|
|
|
|
|
| |
Year ended 31 December 2013 | 330 |
| 560 |
| 1,167 |
| 1 |
| (86) |
| 1,972 |
For footnote, see page 99.