27th Mar 2012 16:31
Profit/(loss) before tax and balance sheet data - Middle East and North Africa
2011 | |||||||||||||
Retail Bankingand WealthManagement US$m | Commercial Banking US$m | Global Bankingand Markets US$m | Global Private Banking US$m | Other US$m |
| Inter- segment elimination64 US$m | Total US$m | ||||||
Profit/(loss) before tax | |||||||||||||
Net interest income ............... | 589 | 496 | 371 | 2 | 2 | (28) | 1,432 | ||||||
Net fee income/(expense) ...... | 173 | 271 | 173 | 13 | (3) | - | 627 | ||||||
Trading income/(expense) excluding net interestincome ............................... | 62 | 95 | 266 | 1 | (1) | - | 423 | ||||||
Net interest income/(expense)on trading activities ............ | - | - | 32 | - | (1) | 28 | 59 | ||||||
Net trading income/(expense)56 | 62 | 95 | 298 | 1 | (2) | 28 | 482 | ||||||
Net income from financial instruments designated atfair value ............................ | - | - | - | - | 10 | - | 10 | ||||||
Gains less losses fromfinancial investments ......... | 1 | 1 | (7) | - | (3) | - | (8) | ||||||
Dividend income .................... | 1 | 1 | 3 | - | - | - | 5 | ||||||
Other operating income/(expense) ........................... | 22 | 11 | 11 | (1) | 124 | (108) | 59 | ||||||
Total operating income ...... | 848 | 875 | 849 | 15 | 128 | (108) | 2,607 | ||||||
Net insurance claims65 ............ | - | - | - | - | - | - | - | ||||||
Net operating income52 ...... | 848 | 875 | 849 | 15 | 128 | (108) | 2,607 | ||||||
Loan impairment charges and other credit risk provisions . | (126) | (116) | (51) | - | - | - | (293) | ||||||
Net operating income ......... | 722 | 759 | 798 | 15 | 128 | (108) | 2,314 | ||||||
Total operating expenses ....... | (535) | (320) | (295) | (21) | (96) | 108 | (1,159) | ||||||
Operating profit/(loss) ....... | 187 | 439 | 503 | (6) | 32 | - | 1,155 | ||||||
Share of profit in associatesand joint ventures ............... | 60 | 98 | 140 | 4 | 35 | - | 337 | ||||||
Profit/(loss) before tax ....... | 247 | 537 | 643 | (2) | 67 | - | 1,492 | ||||||
% | % | % | % | % | % | ||||||||
Share of HSBC's profitbefore tax ........................... | 1.1 | 2.5 | 2.9 | - | 0.3 | 6.8 | |||||||
Cost efficiency ratio .............. | 63.1 | 36.6 | 34.7 | 140.0 | 75.0 | 44.5 | |||||||
Balance sheet data49 | |||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||
Loans and advances tocustomers (net) .................. | 4,921 | 12,446 | 8,479 | 26 | 3 | 25,875 | |||||||
Total assets ............................ | 6,549 | 14,556 | 34,676 | 72 | 4,792 | (3,181) | 57,464 | ||||||
Customer accounts ................. | 18,549 | 10,943 | 6,703 | 114 | 113 | 36,422 | |||||||
2010 | |||||||||||||||
Retail Banking and Wealth Management17 US$m | Commercial Banking US$m | Global Banking and Markets17 US$m | Global Private Banking US$m | Other US$m |
| Inter- segment elimination64 US$m | Total US$m | ||||||||
Profit/(loss) before tax | |||||||||||||||
Net interest income ... | 553 | 473 | 334 | - | 14 | (7) | 1,367 | ||||||||
Net fee income .......... ............................... | 200 | 258 | 202 | 17 | - | - | 677 | ||||||||
Trading income/(expense) excluding net interestincome .................. | 59 | 85 | 205 | 1 | (7) | - | 343 | ||||||||
Net interest income/(expense)on trading activities ............................... | 1 | 7 | 18 | - | (6) | 7 | 27 | ||||||||
Net trading income/(expense)56 | 60 | 92 | 223 | 1 | (13) | 7 | 370 | ||||||||
Net income/(expense) from financial instrumentsdesignated at fair value ...................... | - | - | - | - | - | - | - | ||||||||
Gains less losses fromfinancial investments ........... | 1 | - | (3) | - | (1) | - | (3) | ||||||||
Dividend income ....... | 2 | 1 | 4 | - | - | - | 7 | ||||||||
Other operating income/(expense) ............... | 27 | (8) | (1) | 1 | 40 | (67) | (8) | ||||||||
Total operating income .................. | 843 | 816 | 759 | 19 | 40 | (67) | 2,410 | ||||||||
Net insurance claims65 | - | - | - | - | - | - | - | ||||||||
Net operating income52 ................ | 843 | 816 | 759 | 19 | 40 | (67) | 2,410 | ||||||||
Loan impairment charges and other credit risk provisions .............. ............................... | (227) | (145) | (255) | - | - | - | (627) | ||||||||
Net operating income | 616 | 671 | 504 | 19 | 40 | (67) | 1,783 | ||||||||
Total operating expenses ................ | (524) | (297) | (263) | (18) | (43) | 67 | (1,078) | ||||||||
Operating profit/(loss) ............................... | 92 | 374 | 241 | 1 | (3) | - | 705 | ||||||||
Share of profit/(loss) inassociates and joint ventures ................. | 26 | 110 | 58 | (16) | 9 | - | 187 | ||||||||
Profit/(loss) before tax ............................... | 118 | 484 | 299 | (15) | 6 | - | 892 | ||||||||
% | % | % | % | % | % | ||||||||||
Share of HSBC's profitbefore tax .............. | 0.6 | 2.6 | 1.6 | (0.1) | - | 4.7 | |||||||||
Cost efficiency ratio .. | 62.2 | 36.4 | 34.7 | 94.7 | 107.5 | 44.7 | |||||||||
Balance sheet data49 | |||||||||||||||
US$m | US$m | US$m | US$m | US$m | US$m | ||||||||||
Loans and advances tocustomers (net) ...... | 5,063 | 12,293 | 7,247 | 21 | 2 | 24,626 | |||||||||
Total assets ............... | 6,286 | 13,991 | 31,253 | 59 | 4,129 | (2,961) | 52,757 | ||||||||
Customer accounts .... | 17,538 | 10,319 | 5,306 | 290 | 58 | 33,511 | |||||||||
For footnotes, see page 95.
Related Shares:
HSBC Holdings