26 Aug 2015 16:20
Analysis by global business
HSBC profit/(loss) before tax and balance sheet data
Half-year to 30 June 2015 | ||||||||||||||
Retail Banking and Wealth Management $m | Commercial Banking $m | Global Banking and Markets $m | GlobalPrivate Banking $m | Other13 $m |
| Inter- segment elimination19 $m | Total $m | |||||||
Profit before tax | ||||||||||||||
Net interest income/(expense) | 8,054 | 4,892 | 3,629 | 454 | (397) | (188) | 16,444 | |||||||
Net fee income/(expense) | 3,334 | 2,168 | 1,711 | 527 | (15) | − | 7,725 | |||||||
- trading income/(expense) excluding net interest income | 295 | 308 | 2,880 | 175 | (138) | - | 3,520 | |||||||
- net interest income/(expense)on trading activities | (5) | (7) | 863 | (1) | 15 | 188 | 1,053 | |||||||
Net trading income/(expense)6 | 290 | 301 | 3,743 | 174 | (123) | 188 | 4,573 | |||||||
Net income from financial instruments designated at fair value | 1,237 | 128 | 638 | − | 663 | - | 2,666 | |||||||
Gains less losses from financial investments | 51 | 27 | 402 | 24 | 1,370 | - | 1,874 | |||||||
Dividend income | 11 | 10 | 17 | 4 | 26 | - | 68 | |||||||
Net insurance premium income | 4,950 | 624 | 3 | 30 | − | - | 5,607 | |||||||
Other operating income | 609 | 100 | 120 | 2 | 3,163 | (3,158) | 836 | |||||||
Total operating income | 18,536 | 8,250 | 10,263 | 1,215 | 4,687 | (3,158) | 39,793 | |||||||
Net insurance claims | (6,094) | (716) | (2) | (38) | − | − | (6,850) | |||||||
Net operating income15 | 12,442 | 7,534 | 10,261 | 1,177 | 4,687 | (3,158) | 32,943 | |||||||
Loan impairment (charges)/recoveries and other creditrisk provisions | (934) | (511) | 11 | (5) | - | - | (1,439) | |||||||
Net operating income | 11,508 | 7,023 | 10,272 | 1,172 | 4,687 | (3,158) | 31,504 | |||||||
- employee expenses20 | (2,571) | (1,171) | (1,994) | (350) | (3,955) | - | (10,041) | |||||||
- other operating income/ (expense) | (5,783) | (2,150) | (3,796) | (651) | 76 | 3,158 | (9,146) | |||||||
Total operating expenses | (8,354) | (3,321) | (5,790) | (1,001) | (3,879) | 3,158 | (19,187) | |||||||
Operating profit | 3,154 | 3,702 | 4,482 | 171 | 808 | - | 12,317 | |||||||
Share of profit in associatesand joint ventures | 208 | 821 | 272 | 9 | 1 | - | 1,311 | |||||||
Profit before tax | 3,362 | 4,523 | 4,754 | 180 | 809 | - | 13,628 | |||||||
% | % | % | % | % | % | |||||||||
Share of HSBC's profit before tax | 24.7 | 33.2 | 34.9 | 1.3 | 5.9 | 100.0 | ||||||||
Cost efficiency ratio | 67.1 | 44.1 | 56.4 | 85.0 | 82.8 | 58.2 | ||||||||
Balance sheet data14 | ||||||||||||||
$m | $m | $m | $m | $m | $m | |||||||||
Loans and advances to customers (net) | 352,189 | 310,256 | 244,321 | 44,242 | 2,977 | 953,985 | ||||||||
Reported in held for sale | 6,640 | 10,325 | 4,016 | 43 | − | 21,024 | ||||||||
Total assets | 497,199 | 378,641 | 1,790,461 | 85,740 | 167,946 | (348,274) | 2,571,713 | |||||||
Customer accounts | 589,715 | 362,069 | 299,181 | 82,878 | 1,957 | 1,335,800 | ||||||||
Reported in held for sale | 9,549 | 4,694 | 3,438 | 1,751 | − | 19,432 |
HSBC profit/(loss) before tax and balance sheet data (continued)
Half-year to 30 June 2014 | ||||||||||||||
Retail Banking and Wealth Management9 $m | Commercial Banking9 $m | Global Banking and Markets $m | GlobalPrivate Banking $m | Other13 $m |
| Inter- segment elimination19 $m | Total $m | |||||||
Profit/(loss) before tax | ||||||||||||||
Net interest income/(expense) | 8,617 | 4,994 | 3,602 | 536 | (221) | (123) | 17,405 | |||||||
Net fee income | 3,377 | 2,327 | 1,939 | 533 | 1 | - | 8,177 | |||||||
- trading income/(expense) excluding net interest income | (12) | 338 | 2,001 | 161 | (126) | - | 2,362 | |||||||
- net interest income/(expense)on trading activities | 1 | (4) | 789 | (2) | 6 | 123 | 913 | |||||||
Net trading income/(expense)6 | (11) | 334 | 2,790 | 159 | (120) | 123 | 3,275 | |||||||
Net income/(expense) from financial instruments designated at fair value | 1,078 | 119 | 743 | 1 | (281) | - | 1,660 | |||||||
Gains less losses from financial investments | 7 | 25 | 462 | 12 | 440 | - | 946 | |||||||
Dividend income | 15 | 14 | 32 | 3 | 24 | - | 88 | |||||||
Net insurance premium income | 5,501 | 615 | 2 | 19 | - | - | 6,137 | |||||||
Other operating income/(expense) | 378 | 81 | 222 | (7) | 2,814 | (2,950) | 538 | |||||||
Total operating income | 18,962 | 8,509 | 9,792 | 1,256 | 2,657 | (2,950) | 38,226 | |||||||
Net insurance claims | (6,346) | (686) | (1) | (26) | - | - | (7,059) | |||||||
Net operating income15 | 12,616 | 7,823 | 9,791 | 1,230 | 2,657 | (2,950) | 31,167 | |||||||
Loan impairment (charges)/recoveries and other creditrisk provisions | (1,299) | (488) | (49) | (6) | 1 | - | (1,841) | |||||||
Net operating income | 11,317 | 7,335 | 9,742 | 1,224 | 2,658 | (2,950) | 29,326 | |||||||
- employee expenses20 | (2,544) | (1,147) | (1,806) | (363) | (4,118) | - | (9,978) | |||||||
- other operating income/ (expense) | (5,986) | (2,180) | (3,152) | (505) | 585 | 2,950 | (8,288) | |||||||
Total operating expenses | (8,530) | (3,327) | (4,958) | (868) | (3,533) | 2,950 | (18,266) | |||||||
Operating profit/(loss) | 2,787 | 4,008 | 4,784 | 356 | (875) | - | 11,060 | |||||||
Share of profit in associatesand joint ventures | 215 | 806 | 249 | 8 | 2 | - | 1,280 | |||||||
Profit/(loss) before tax | 3,002 | 4,814 | 5,033 | 364 | (873) | - | 12,340 | |||||||
% | % | % | % | % | % | |||||||||
Share of HSBC's profit before tax | 24.4 | 39.0 | 40.8 | 2.9 | (7.1) | 100.0 | ||||||||
Cost efficiency ratio | 67.6 | 42.5 | 50.6 | 70.6 | 133.0 | 58.6 | ||||||||
Balance sheet data14 | ||||||||||||||
$m | $m | $m | $m | $m | $m | |||||||||
Loans and advances to customers (net) | 381,353 | 315,001 | 303,133 | 45,131 | 2,623 | 1,047,241 | ||||||||
Reported in held for sale | 380 | 157 | 82 | 972 | - | 1,591 | ||||||||
Total assets | 526,089 | 375,014 | 2,043,767 | 99,379 | 170,802 | (461,458) | 2,753,593 | |||||||
Customer accounts | 600,650 | 363,235 | 360,732 | 89,641 | 1,447 | 1,415,705 | ||||||||
Reported in held for sale | 181 | 485 | 373 | 3,841 | - | 4,880 |
Half-year to 31 December 2014 | ||||||||||||||
Retail Banking and Wealth Management9 $m | Commercial Banking9 $m | Global Banking and Markets $m | Global Private Banking $m | Other13 $m |
| Inter- segment elimination19 $m | Total $m | |||||||
Profit/(loss) before tax | ||||||||||||||
Net interest income/(expense) | 8,513 | 5,164 | 3,420 | 458 | (280) | 25 | 17,300 | |||||||
Net fee income/(expense) | 3,459 | 2,243 | 1,621 | 523 | (66) | - | 7,780 | |||||||
- trading income excludingnet interest income | (14) | 280 | 2,062 | 137 | 26 | - | 2,491 | |||||||
- net interest income/(expense)on trading activities | 8 | 2 | 1,009 | (2) | 2 | (25) | 994 | |||||||
Net trading income/(expense)6 | (6) | 282 | 3,071 | 135 | 28 | (25) | 3,485 | |||||||
Net income/(expense) from financial instruments designated at fair value | 606 | 160 | (731) | (2) | 780 | - | 813 | |||||||
Gains less losses from financial investments | 7 | 6 | 655 | (3) | (276) | - | 389 | |||||||
Dividend income | 9 | 4 | 48 | 2 | 160 | - | 223 | |||||||
Net insurance premium income | 5,108 | 642 | 3 | 31 | - | - | 5,784 | |||||||
Other operating income/(expense) | 348 | 160 | (98) | 40 | 3,362 | (3,219) | 593 | |||||||
Total operating income | 18,044 | 8,661 | 7,989 | 1,184 | 3,708 | (3,219) | 36,367 | |||||||
Net insurance claims | (5,511) | (736) | (2) | (37) | - | - | (6,286) | |||||||
Net operating income15 | 12,533 | 7,925 | 7,987 | 1,147 | 3,708 | (3,219) | 30,081 | |||||||
Loan impairment (charges)/recoveries and other creditrisk provisions | (637) | (1,070) | (316) | 14 | (1) | - | (2,010) | |||||||
Net operating income | 11,896 | 6,855 | 7,671 | 1,161 | 3,707 | (3,219) | 28,071 | |||||||
- employee expenses20 | (2,582) | (1,204) | (1,849) | (369) | (4,384) | - | (10,388) | |||||||
- other operating expenses | (6,918) | (2,450) | (5,221) | (541) | (684) | 3,219 | (12,595) | |||||||
Total operating expenses | (9,500) | (3,654) | (7,070) | (910) | (5,068) | 3,219 | (22,983) | |||||||
Operating profit/(loss) | 2,396 | 3,201 | 601 | 251 | (1,361) | - | 5,088 | |||||||
Share of profit in associatesand joint ventures | 183 | 799 | 255 | 11 | 4 | - | 1,252 | |||||||
Profit/(loss) before tax | 2,579 | 4,000 | 856 | 262 | (1,357) | - | 6,340 | |||||||
% | % | % | % | % | % | |||||||||
Share of HSBC's profit before tax | 40.7 | 63.1 | 13.5 | 4.1 | (21.4) | 100.0 | ||||||||
Cost efficiency ratio | 75.8 | 46.1 | 88.5 | 79.3 | 136.7 | 76.4 | ||||||||
Balance sheet data14 | ||||||||||||||
$m | $m | $m | $m | $m | $m | |||||||||
Loans and advances to customers (net) | 360,704 | 313,039 | 254,463 | 44,102 | 2,352 | 974,660 | ||||||||
Reported in held for sale | 198 | - | 288 | 91 | - | 577 | ||||||||
Total assets | 500,864 | 370,958 | 1,839,644 | 88,342 | 164,537 | (330,206) | 2,634,139 | |||||||
Customer accounts | 583,757 | 361,318 | 319,121 | 85,465 | 981 | 1,350,642 | ||||||||
Reported in held for sale | - | - | - | 145 | - | 145 |
For footnotes, see page 56.