Last checked at 26 Aug 2015 16:25
North America
Our North American businesses are principally located in the US and Canada. Operations in the US are primarily conducted through HSBC Bank USA, N.A. and HSBC Finance Corporation, a national consumer finance company. HSBC Markets (USA) Inc. is the intermediate holding company of, inter alia, HSBC Securities (USA) Inc. Canadian operations are conducted through HSBC Bank Canada. | ||||||
Half-year to | ||||||
30 Jun | 30 Jun | 31 Dec | ||||
2015 | 2014 | 2014 | ||||
$m | $m | $m | ||||
Net interest income | 2,278 | 2,635 | 2,380 | |||
Net fee income | 1,057 | 991 | 949 | |||
Net trading income | 296 | 228 | 183 | |||
Other income | 495 | 213 | 573 | |||
Net operating income15 | 4,126 | 4,067 | 4,085 | |||
LICs | (153) | (411) | 89 | |||
Net operating income | 3,973 | 3,656 | 4,174 | |||
Total operating expenses | (3,287) | (2,837) | (3,592) | |||
Operating profit | 686 | 819 | 582 | |||
Income from associates | 4 | 6 | 10 | |||
Profit before tax | 690 | 825 | 592 | |||
Loans and advances to customers (net) | 132,340 | 129,620 | 129,787 | |||
Customer accounts | 137,296 | 136,774 | 138,884 | |||
RoRWA | 0.6% | 0.7% | 0.5% | |||
Cost efficiency ratio | 79.7% | 69.8% | 87.9% | |||
Period-end staff numbers | 20,338 | 20,649 | 20,412 | |||
For footnote, see page 56.
Country view of adjusted revenue
Half-year to | ||||||
30 Jun | 30 Jun | 31 Dec | ||||
2015 | 2014 | 2014 | ||||
$m | $m | $m | ||||
US | 3,011 | 3,194 | 2,889 | |||
Canada | 852 | 878 | 844 | |||
Other | 106 | 136 | 132 | |||
3,969 | 4,208 | 3,865 | ||||
Profit before tax ($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.