30th Mar 2010 16:39
Analysis by customer group and global business
Profit/(loss) before tax
|
|
2009 |
||||||||||||
|
Total |
Personal Financial Services US$m |
|
Commercial Banking US$m |
|
Global Banking & Markets US$m |
|
Private Banking US$m |
|
Other40 US$m |
|
Inter- segment elimination50 US$m |
|
Total US$m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/(expense) |
25,107 |
|
7,883 |
|
8,610 |
|
1,474 |
|
(1,035) |
|
(1,309) |
|
40,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net fee income ...................... |
8,238 |
|
3,702 |
|
4,363 |
|
1,236 |
|
125 |
|
- |
|
17,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading income excluding net interest income .................. |
637 |
|
332 |
|
4,701 |
|
322 |
|
244 |
|
- |
|
6,236 |
|
Net interest income on trading activities ................. |
65 |
|
22 |
|
2,174 |
|
22 |
|
35 |
|
1,309 |
|
3,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net trading income42 .............. |
702 |
|
354 |
|
6,875 |
|
344 |
|
279 |
|
1,309 |
|
9,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in fair value of long- term debt issued and related derivatives .......................... |
- |
|
- |
|
- |
|
- |
|
(6,247) |
|
- |
|
(6,247) |
|
Net income/(expense) from other financial instruments designated at fair value ....... |
2,339 |
|
100 |
|
473 |
|
- |
|
(196) |
|
- |
|
2,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(expense) from financial instruments designated at fair value ....... |
2,339 |
|
100 |
|
473 |
|
- |
|
(6,443) |
|
- |
|
(3,531) |
|
Gains less losses from financial investments ......... |
224 |
|
23 |
|
265 |
|
5 |
|
3 |
|
- |
|
520 |
|
Dividend income .................... |
33 |
|
8 |
|
68 |
|
5 |
|
12 |
|
- |
|
126 |
|
Net earned insurance premiums |
9,534 |
|
886 |
|
54 |
|
- |
|
(3) |
|
- |
|
10,471 |
|
Other operating income ......... |
809 |
|
739 |
|
1,146 |
|
48 |
|
5,042 |
|
(4,996) |
|
2,788 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income/ (expense) .......................... |
46,986 |
|
13,695 |
|
21,854 |
|
3,112 |
|
(2,020) |
|
(4,996) |
|
78,631 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net insurance claims43 ............ |
(11,571) |
|
(842) |
|
(34) |
|
- |
|
(3) |
|
- |
|
(12,450) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income/ (expense)16 ....................... |
35,415 |
|
12,853 |
|
21,820 |
|
3,112 |
|
(2,023) |
|
(4,996) |
|
66,181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan impairment charges and other credit risk provisions . |
(19,902) |
|
(3,282) |
|
(3,168) |
|
(128) |
|
(8) |
|
- |
|
(26,488) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income/ (expense) .......................... |
15,513 |
|
9,571 |
|
18,652 |
|
2,984 |
|
(2,031) |
|
(4,996) |
|
39,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses ................ |
(18,292) |
|
(5,963) |
|
(8,537) |
|
(1,884) |
|
(4,715) |
|
4,996 |
|
(34,395) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/(loss) ....... |
(2,779) |
|
3,608 |
|
10,115 |
|
1,100 |
|
(6,746) |
|
- |
|
5,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of profit in associates and joint ventures ............... |
714 |
|
667 |
|
366 |
|
8 |
|
26 |
|
- |
|
1,781 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before tax ....... |
(2,065) |
|
4,275 |
|
10,481 |
|
1,108 |
|
(6,720) |
|
- |
|
7,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
|
|
% |
|
Share of HSBC's profit before tax ........................... |
(29.2) |
|
60.4 |
|
148.1 |
|
15.6 |
|
(94.9) |
|
|
|
100.0 |
|
Cost efficiency ratio .............. |
51.7 |
|
46.4 |
|
39.1 |
|
60.5 |
|
(233.1) |
|
|
|
52.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet data41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
|
|
US$m |
|
Loans and advances to customers (net) .................. |
399,460 |
|
199,674 |
|
256,956 |
|
37,031 |
|
3,110 |
|
- |
|
896,231 |
|
Total assets ........................... |
554,074 |
|
251,143 |
|
1,683,672 |
|
116,148 |
|
150,983 |
|
(391,568) |
|
2,364,452 |
|
Customer accounts ................. |
499,109 |
|
267,388 |
|
284,727 |
|
106,533 |
|
1,277 |
|
- |
|
1,159,034 |
|
|
2008 |
||||||||||||
|
Total |
Personal Financial Services US$m |
|
Commercial Banking US$m |
|
Global Banking & Markets US$m |
|
Private Banking US$m |
|
Other40 US$m |
|
Inter- segment elimination50 US$m |
|
Total US$m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/(expense) |
29,419 |
|
9,494 |
|
8,541 |
|
1,612 |
|
(956) |
|
(5,547) |
|
42,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net fee income ...................... |
10,107 |
|
4,097 |
|
4,291 |
|
1,476 |
|
53 |
|
- |
|
20,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading income/(expense) excluding net interest income ........................................... |
175 |
|
369 |
|
157 |
|
408 |
|
(262) |
|
- |
|
847 |
|
Net interest income/(expense) on trading activities ............ |
79 |
|
17 |
|
324 |
|
14 |
|
(268) |
|
5,547 |
|
5,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net trading income/(expense)42 |
254 |
|
386 |
|
481 |
|
422 |
|
(530) |
|
5,547 |
|
6,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in fair value of long- term debt issued and related derivatives .......................... |
- |
|
- |
|
- |
|
- |
|
6,679 |
|
- |
|
6,679 |
|
Net income/(expense) from other financial instruments designated at fair value ....... |
(2,912) |
|
(224) |
|
(438) |
|
- |
|
747 |
|
- |
|
(2,827) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(expense) from financial instruments designated at fair value ....... |
(2,912) |
|
(224) |
|
(438) |
|
- |
|
7,426 |
|
- |
|
3,852 |
|
Gains less losses from financial investments ......... |
663 |
|
193 |
|
(327) |
|
64 |
|
(396) |
|
- |
|
197 |
|
Dividend income .................... |
90 |
|
88 |
|
76 |
|
8 |
|
10 |
|
- |
|
272 |
|
Net earned insurance premiums |
10,083 |
|
679 |
|
105 |
|
- |
|
(17) |
|
- |
|
10,850 |
|
Gains on disposal of French regional banks .................... |
- |
|
- |
|
- |
|
- |
|
2,445 |
|
- |
|
2,445 |
|
Other operating income ......... |
259 |
|
939 |
|
868 |
|
49 |
|
4,261 |
|
(4,568) |
|
1,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income ......... |
47,963 |
|
15,652 |
|
13,597 |
|
3,631 |
|
12,296 |
|
(4,568) |
|
88,571 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net insurance claims43 ............ |
(6,474) |
|
(335) |
|
(79) |
|
- |
|
(1) |
|
- |
|
(6,889) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income16 .......... |
41,489 |
|
15,317 |
|
13,518 |
|
3,631 |
|
12,295 |
|
(4,568) |
|
81,682 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan impairment charges and other credit risk provisions . |
(21,220) |
|
(2,173) |
|
(1,471) |
|
(68) |
|
(5) |
|
- |
|
(24,937) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income ............ |
20,269 |
|
13,144 |
|
12,047 |
|
3,563 |
|
12,290 |
|
(4,568) |
|
56,745 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses (excluding goodwill impairment) ......... |
(21,140) |
|
(6,581) |
|
(9,092) |
|
(2,116) |
|
(4,174) |
|
4,568 |
|
(38,535) |
|
Goodwill impairment .............. |
(10,564) |
|
- |
|
- |
|
- |
|
- |
|
- |
|
(10,564) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/(loss) ........... |
(11,435) |
|
6,563 |
|
2,955 |
|
1,447 |
|
8,116 |
|
- |
|
7,646 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of profit in associates and joint ventures ............... |
461 |
|
631 |
|
528 |
|
- |
|
41 |
|
- |
|
1,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before tax ........... |
(10,974) |
|
7,194 |
|
3,483 |
|
1,447 |
|
8,157 |
|
- |
|
9,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
|
|
% |
|
Share of HSBC's profit before tax ........................... |
(117.9) |
|
77.3 |
|
37.4 |
|
15.6 |
|
87.6 |
|
|
|
100.0 |
|
Cost efficiency ratio .............. |
76.4 |
|
43.0 |
|
67.3 |
|
58.3 |
|
33.9 |
|
|
|
60.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet data41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
|
|
US$m |
|
Loans and advances to customers (net) .................. |
401,402 |
|
203,949 |
|
287,306 |
|
37,590 |
|
2,621 |
|
|
|
932,868 |
|
Total assets ........................... |
527,901 |
|
249,218 |
|
1,991,852 |
|
133,216 |
|
145,581 |
|
(520,303) |
|
2,527,465 |
|
Customer accounts ................. |
440,338 |
|
235,879 |
|
320,386 |
|
116,683 |
|
2,041 |
|
|
|
1,115,327 |
Profit/(loss) before tax (continued)
|
|
2007 |
||||||||||||
|
Total |
Personal Financial Services US$m |
|
Commercial Banking US$m |
|
Global Banking & Markets US$m |
|
Private Banking US$m |
|
Other40 US$m |
|
Inter- segment elimination50 US$m |
|
Total US$m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/(expense) |
29,069 |
|
9,055 |
|
4,430 |
|
1,216 |
|
(542) |
|
(5,433) |
|
37,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net fee income/(expense) ...... |
11,742 |
|
3,972 |
|
4,901 |
|
1,615 |
|
(228) |
|
- |
|
22,002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading income excluding net interest income .................. |
38 |
|
265 |
|
3,503 |
|
525 |
|
127 |
|
- |
|
4,458 |
|
Net interest income/(expense) on trading activities ............ |
140 |
|
31 |
|
(236) |
|
9 |
|
(1) |
|
5,433 |
|
5,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net trading income42 .............. |
178 |
|
296 |
|
3,267 |
|
534 |
|
126 |
|
5,433 |
|
9,834 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in fair value of long- term debt issued and related derivatives .......................... |
- |
|
- |
|
- |
|
- |
|
2,812 |
|
- |
|
2,812 |
|
Net income/(expense) from other financial instruments designated at fair value ....... |
1,333 |
|
22 |
|
(164) |
|
(1) |
|
81 |
|
- |
|
1,271 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(expense) from financial instruments designated at fair value ....... |
1,333 |
|
22 |
|
(164) |
|
(1) |
|
2,893 |
|
- |
|
4,083 |
|
Gains less losses from financial investments ......... |
351 |
|
90 |
|
1,313 |
|
119 |
|
83 |
|
- |
|
1,956 |
|
Gains arising from dilution of interests in associates ......... |
- |
|
- |
|
- |
|
- |
|
1,092 |
|
- |
|
1,092 |
|
Dividend income .................... |
55 |
|
8 |
|
222 |
|
7 |
|
32 |
|
- |
|
324 |
|
Net earned insurance premiums |
8,271 |
|
733 |
|
93 |
|
- |
|
(21) |
|
- |
|
9,076 |
|
Other operating income ......... |
387 |
|
165 |
|
1,218 |
|
58 |
|
3,523 |
|
(3,912) |
|
1,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income ......... |
51,386 |
|
14,341 |
|
15,280 |
|
3,548 |
|
6,958 |
|
(3,912) |
|
87,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net insurance claims43 ............ |
(8,147) |
|
(391) |
|
(70) |
|
- |
|
- |
|
- |
|
(8,608) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income16 .......... |
43,239 |
|
13,950 |
|
15,210 |
|
3,548 |
|
6,958 |
|
(3,912) |
|
78,993 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan impairment charges and other credit risk provisions . |
(16,172) |
|
(1,007) |
|
(38) |
|
(14) |
|
(11) |
|
- |
|
(17,242) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income ............ |
27,067 |
|
12,943 |
|
15,172 |
|
3,534 |
|
6,947 |
|
(3,912) |
|
61,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses ....... |
(21,757) |
|
(6,252) |
|
(9,358) |
|
(2,025) |
|
(3,562) |
|
3,912 |
|
(39,042) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit ..................... |
5,310 |
|
6,691 |
|
5,814 |
|
1,509 |
|
3,385 |
|
- |
|
22,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of profit in associates and joint ventures ............... |
590 |
|
454 |
|
307 |
|
2 |
|
150 |
|
- |
|
1,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax .................... |
5,900 |
|
7,145 |
|
6,121 |
|
1,511 |
|
3,535 |
|
- |
|
24,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
|
|
% |
|
Share of HSBC's profit before tax............................ |
24.4 |
|
29.5 |
|
25.3 |
|
6.2 |
|
14.6 |
|
|
|
100.0 |
|
Cost efficiency ratio .............. |
50.3 |
|
44.8 |
|
61.5 |
|
57.1 |
|
51.2 |
|
|
|
49.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet data41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
|
|
US$m |
|
Loans and advances to customers (net) .................. |
464,726 |
|
220,068 |
|
250,464 |
|
43,612 |
|
2,678 |
|
|
|
981,548 |
|
Total assets ............................ |
636,185 |
|
307,944 |
|
1,596,850 |
|
130,893 |
|
164,806 |
|
(482,412) |
|
2,354,266 |
|
Customer accounts ................. |
450,071 |
|
237,987 |
|
299,879 |
|
106,197 |
|
2,006 |
|
|
|
1,096,140 |
For footnotes, see page 149.
Related Shares:
HSBC Holdings