Last checked at 26 Aug 2015 16:24
Middle East and North Africa
The network of branches of HSBC Bank Middle East Limited, together with HSBC's subsidiaries and associates, gives us wide coverage in the region. Our associate in Saudi Arabia, The Saudi British Bank (40% owned), is the Kingdom's fifth largest bank by total assets. | ||||||
Half-year to | ||||||
30 Jun | 30 Jun | 31 Dec | ||||
2015 | 2014 | 2014 | ||||
$m | $m | $m | ||||
Net interest income | 758 | 736 | 783 | |||
Net fee income | 325 | 335 | 315 | |||
Net trading income | 167 | 193 | 121 | |||
Other income | 39 | 30 | 35 | |||
Net operating income15 | 1,289 | 1,294 | 1,254 | |||
LICs | (31) | 50 | (44) | |||
Net operating income | 1,258 | 1,344 | 1,210 | |||
Total operating expenses | (624) | (614) | (602) | |||
Operating profit | 634 | 730 | 608 | |||
Income from associates | 267 | 259 | 229 | |||
Profit before tax | 901 | 989 | 837 | |||
Loans and advances to customers (net) | 31,207 | 28,910 | 29,063 | |||
Customer accounts | 38,186 | 40,082 | 39,720 | |||
RoRWA | 2.9% | 3.2% | 2.7% | |||
Cost efficiency ratio | 48.4% | 47.4% | 48.0% | |||
Period-end staff numbers | 8,208 | 8,530 | 8,305 | |||
For footnote, see page 56.
Country view of adjusted revenue
Half-year to | ||||||
30 Jun | 30 Jun | 31 Dec | ||||
2015 | 2014 | 2014 | ||||
$m | $m | $m | ||||
UAE | 716 | 732 | 660 | |||
Egypt | 301 | 235 | 266 | |||
Other | 269 | 277 | 334 | |||
1,286 | 1,244 | 1,260 | ||||
Profit before tax ($m)
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Revenue ($m)
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Operating expenses ($m)
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For details of significant items, see page 50.