18th Mar 2016 16:30
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.
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2015 |
| 2014 |
| 2013 | ||
$m |
| $m |
| $m | ||
|
|
|
|
| ||
Net interest income | 1,531 |
| 1,519 |
| 1,486 | |
Net fee income | 633 |
| 650 |
| 622 | |
Net trading income | 325 |
| 314 |
| 357 | |
Other income | 76 |
| 65 |
| 38 | |
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|
| ||
Net operating income1 | 2,565 | 2,548 | 2,503 | |||
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| |||
LICs34 | (299) | 6 | 42 | |||
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| |||
Net operating income | 2,266 | 2,554 | 2,545 | |||
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| |||
Total operating expenses | (1,234) | (1,216) | (1,289) | |||
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Operating profit | 1,032 | 1,338 | 1,256 | |||
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Income from associates35 | 505 | 488 | 438 | |||
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Profit before tax | 1,537 | 1,826 | 1,694 | |||
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Cost efficiency ratio | 48.1% | 47.7% | 51.5% | |||
RoRWA24 | 2.5% | 2.9% | 2.7% | |||
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Year-end staff numbers | 8,066 | 8,305 | 8,618 | |||
For footnotes, see page 99.
Country view of adjusted revenue
2015 | 2014 | |||
$m | $m | |||
Egypt | 610 | 493 | ||
United Arab Emirates | 1,407 | 1,446 | ||
Other | 538 | 556 | ||
Year ended 31 December | 2,555 | 2,495 |
Profit before tax ($m)
|
Revenue ($m)
|
Operating expenses ($m)
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For details of significant items, see page 77.
Profit/(loss) before tax by country within global businesses
RetailBankingand Wealth Management $m |
| Commercial Banking$m |
| Global Banking and Markets $m |
| Global PrivateBanking$m |
| Other$m |
| Total$m | ||
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|
|
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| ||||
Egypt | 50 | 101 |
| 256 |
| − |
| 3 |
| 410 | ||
United Arab Emirates | 91 | 19 |
| 292 |
| − |
| (35) |
| 367 | ||
Saudi Arabia | 112 | 169 |
| 202 |
| 16 |
| 1 |
| 500 | ||
Other | 19 | 119 |
| 123 |
| − |
| (1) |
| 260 | ||
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Year ended 31 December 2015 | 272 | 408 |
| 873 |
| 16 |
| (32) |
| 1,537 | ||
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| |||
Egypt | 64 | 94 |
| 177 |
| − |
| − |
| 335 | ||
United Arab Emirates | 154 | 190 |
| 364 |
| − |
| (46) |
| 662 | ||
Saudi Arabia | 91 | 168 |
| 203 |
| 19 |
| 5 |
| 486 | ||
Other | 14 | 152 |
| 182 |
| − |
| (5) |
| 343 | ||
|
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Year ended 31 December 2014 | 323 | 604 |
| 926 |
| 19 |
| (46) |
| 1,826 | ||
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| |||
Egypt | 31 | 37 |
| 166 |
| − |
| (29) |
| 205 | ||
United Arab Emirates | 142 | 290 |
| 275 |
| 1 |
| (72) |
| 636 | ||
Saudi Arabia | 82 | 146 |
| 188 |
| 15 |
| 7 |
| 438 | ||
Other | 3 | 172 |
| 240 |
| − |
| − |
| 415 | ||
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| |||
Year ended 31 December 2013 | 258 | 645 |
| 869 |
| 16 |
| (94) |
| 1,694 |
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