30th Mar 2010 16:34
Consolidated balance sheet
Consolidated balance sheet as at 31 December 2009
|
|
At 31 December |
||||
|
|
2009 US$m |
|
2008 US$m |
|
2007 US$m |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Cash and balances at central banks ............................................................. |
60,655 |
|
52,396 |
|
21,765 |
|
Trading assets ............................................................................................ |
421,381 |
|
427,329 |
|
445,968 |
|
Financial assets designated at fair value ...................................................... |
37,181 |
|
28,533 |
|
41,564 |
|
Derivatives ................................................................................................ |
250,886 |
|
494,876 |
|
187,854 |
|
Loans and advances to banks ...................................................................... |
179,781 |
|
153,766 |
|
237,366 |
|
Loans and advances to customers ............................................................... |
896,231 |
|
932,868 |
|
981,548 |
|
Financial investments ................................................................................ |
369,158 |
|
300,235 |
|
283,000 |
|
Other assets ............................................................................................... |
149,179 |
|
137,462 |
|
155,201 |
|
|
|
|
|
|
|
|
Total assets ................................................................................................ |
2,364,452 |
|
2,527,465 |
|
2,354,266 |
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Deposits by banks ...................................................................................... |
124,872 |
|
130,084 |
|
132,181 |
|
Customer accounts ..................................................................................... |
1,159,034 |
|
1,115,327 |
|
1,096,140 |
|
Trading liabilities ....................................................................................... |
268,130 |
|
247,652 |
|
314,580 |
|
Financial liabilities designated at fair value ................................................. |
80,092 |
|
74,587 |
|
89,939 |
|
Derivatives ................................................................................................ |
247,646 |
|
487,060 |
|
183,393 |
|
Debt securities in issue ................................................................................ |
146,896 |
|
179,693 |
|
246,579 |
|
Liabilities under insurance contracts ........................................................... |
53,707 |
|
43,683 |
|
42,606 |
|
Other liabilities .......................................................................................... |
148,414 |
|
149,150 |
|
113,432 |
|
|
|
|
|
|
|
|
Total liabilities ........................................................................................... |
2,228,791 |
|
2,427,236 |
|
2,218,850 |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Total shareholders' equity .......................................................................... |
128,299 |
|
93,591 |
|
128,160 |
|
Minority interests ...................................................................................... |
7,362 |
|
6,638 |
|
7,256 |
|
|
|
|
|
|
|
|
Total equity ............................................................................................... |
135,661 |
|
100,229 |
|
135,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity and liabilities .......................................................................... |
2,364,452 |
|
2,527,465 |
|
2,354,266 |
A more detailed consolidated balance sheet is contained in the Financial Statements on page 355.
Movement from 31 December 2008 to 31 December 2009
Total assets amounted to US$2.4 trillion, 6 per cent lower than at 31 December 2008. After excluding the effect of currency movements, underlying total assets declined by 11 per cent, driven by a reduction in the fair value of derivative assets as market conditions stabilised.
The Group's reported tier 1 ratio increased from 8.3 per cent to 10.8 per cent, mainly due to additional equity of US$17.8 billion raised through the rights issue in April 2009, the contribution from profits for the year and a reduction in the underlying level of risk-weighted assets. For more details of capital and risk weighted assets, see pages 285 to 291. The following commentary is on an underlying basis.
Assets
Cash and balances at central banks increased by 12 per cent, consistent with the global liquidity creation by central banks, particularly in Europe and North America.
Trading assets fell by 6 per cent, primarily due to a decrease in the level of reverse repos, particularly in Europe and North America, and a reduction in holdings of short‑dated government securities in Hong Kong. There was also a reduction in the collateral required by counterparties to support derivative liabilities as these balances declined. Equity shares held-for-trading grew as activity recovered against a low in the fourth quarter of 2008.
A reduction in the fair values of derivative assets drove an 11 per cent decline in underlying total assets.
Financial assets designated at fair value grew by 19 per cent due to an increase in UK government debt securities in Balance Sheet Management, and an increase in the fair value of equity securities held within the insurance business, particularly in Europe and Hong Kong, as market values recovered.
Derivative assets declined by 52 per cent with reductions across all classes of asset, notably foreign exchange, interest rate and credit derivatives. Lower volatility within the financial markets, steepening yield curves in major currencies and narrowing credit spreads led to a fall in the fair value of outstanding derivative contracts.
Loans and advances to banks increased by 12 per cent, mainly in Hong Kong and Rest of Asia-Pacific, where surplus funds were placed on a short‑term basis with financial institutions and central banks as part of Balance Sheet Management activities.
Loans and advances to customers fell by 9 per cent, driven by a reduction in balances in North America due to the run-off of the consumer finance businesses, the sale of selected portfolios, and a reduction in Treasury reverse repo balances and cash collateral as excess liquidity was placed in other investments. These factors were compounded by declines in balances in other regions, particularly in the first half of the year, due to customer deleveraging and lower credit origination in certain segments as risk appetite reduced and customer demand declined. In the UK, there was also a reduction in customer overdraft balances that are managed on a net basis but reported gross under IFRSs. Mortgage balances increased strongly in the UK and Hong Kong as HSBC targeted growth in these markets, although this was largely offset by the run-off of balances in the US, as noted above.
Financial investments rose by 17 per cent, mainly in Hong Kong driven by purchases of Hong Kong government and other highly-rated securities in the year. This increase was partly offset by a fall in financial investments in Europe, as a result of debt securities that matured and were not replaced.
Other assets grew by 7 per cent compared with 31 December 2008.
Liabilities
Deposits by banks decreased by 10 per cent, largely reflecting a decline in central bank and other interbank deposits in Hong Kong, Rest of Asia-Pacific and North America.
Customer account balances decreased by 2 per cent, despite growth in the Personal Financial Services and Commercial Banking segments. This was mainly due to an outflow of deposits in Europe as the economic situation improved and investor risk appetite increased. There was also a fall in deposits from customers whose accounts are managed net but reported gross under IFRSs, (see 'Loans and advances to customers'). These factors were partly offset by an increase in deposits in Hong Kong due to an excess of liquidity in the market.
Trading liabilities were 3 per cent higher, driven by increases in hedged net short positions on equity securities in line with a rise in market activity, and in government debt securities as a result of more active market making activities and an expectation of interest rate rises on certain trading desks. Offsetting this was a reduction in repo contracts, and a decrease in structured deposit accounts in Hong Kong as existing deals matured and customers expressed a preference for vanilla cash instruments in the uncertain economic environment.
Financial liabilities designated at fair value grew by 4 per cent due to new HSBC debt issuances in Europe during the year.
Derivative businesses are managed within market risk limits and, as a consequence, the reduction in the value of derivative liabilities broadly matched that of derivative assets.
Debt securities in issue fell by 22 per cent, primarily in North America as the funding requirements reduced in line with the run-off of the consumer finance business.
Liabilities under insurance contracts grew by 18 per cent due to gains recorded on unit-linked products as a result of an improvement in investment market values, and higher insurance sales in Hong Kong following the launch of several new products.
Other liabilities were 4 per cent lower than at 31 December 2008.
Equity
Total shareholders' equity increased by 31 per cent, mainly due to the US$17.8 billion of funds raised through the rights issue in April 2009. In addition, the negative balance on the available‑for‑sale reserve also declined from US$20.6 billion at 31 December 2008 to US$10.0 billion at 31 December 2009, largely reflecting increases in the market value of assets.
Reconciliation of reported and underlying assets and liabilities
|
|
31 December 2009 compared with 31 December 2008 |
|
||||||||||||
|
HSBC |
31 Dec 08 as reported US$m |
|
Currency translation31 US$m |
|
31 Dec 08 at 31 Dec 09 exchange rates US$m |
|
Underlying change US$m |
|
31 Dec 09 as reported US$m |
|
Reported change % |
|
Under- lying change % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and balances at central banks ........... |
52,396 |
|
1,550 |
|
53,946 |
|
6,709 |
|
60,655 |
|
16 |
|
12 |
|
|
Trading assets .............. |
427,329 |
|
21,612 |
|
448,941 |
|
(27,560) |
|
421,381 |
|
(1) |
|
(6) |
|
|
Financial assets designated at fair value ........................ |
28,533 |
|
2,636 |
|
31,169 |
|
6,012 |
|
37,181 |
|
30 |
|
19 |
|
|
Derivative assets ......... |
494,876 |
|
32,379 |
|
527,255 |
|
(276,369) |
|
250,886 |
|
(49) |
|
(52) |
|
|
Loans and advances to banks ....................... |
153,766 |
|
7,406 |
|
161,172 |
|
18,609 |
|
179,781 |
|
17 |
|
12 |
|
|
Loans and advances to customers ................ |
932,868 |
|
57,163 |
|
990,031 |
|
(93,800) |
|
896,231 |
|
(4) |
|
(9) |
|
|
Financial investments .. |
300,235 |
|
14,748 |
|
314,983 |
|
54,175 |
|
369,158 |
|
23 |
|
17 |
|
|
Other assets ................. |
137,462 |
|
1,807 |
|
139,269 |
|
9,910 |
|
149,179 |
|
9 |
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets ................. |
2,527,465 |
|
139,301 |
|
2,666,766 |
|
(302,314) |
|
2,364,452 |
|
(6) |
|
(11) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits by banks ........ |
130,084 |
|
8,426 |
|
138,510 |
|
(13,638) |
|
124,872 |
|
(4) |
|
(10) |
|
|
Customer accounts ...... |
1,115,327 |
|
64,478 |
|
1,179,805 |
|
(20,771) |
|
1,159,034 |
|
4 |
|
(2) |
|
|
Trading liabilities ......... |
247,652 |
|
12,714 |
|
260,366 |
|
7,764 |
|
268,130 |
|
8 |
|
3 |
|
|
Financial liabilities designated at fair value ................. |
74,587 |
|
2,709 |
|
77,296 |
|
2,796 |
|
80,092 |
|
7 |
|
4 |
|
|
Derivative liabilities .... |
487,060 |
|
31,722 |
|
518,782 |
|
(271,136) |
|
247,646 |
|
(49) |
|
(52) |
|
|
Debt securities in issue . |
179,693 |
|
8,005 |
|
187,698 |
|
(40,802) |
|
146,896 |
|
(18) |
|
(22) |
|
|
Liabilities under insurance contracts ................. |
43,683 |
|
1,763 |
|
45,446 |
|
8,261 |
|
53,707 |
|
23 |
|
18 |
|
|
Other liabilities ............ |
149,150 |
|
5,144 |
|
154,294 |
|
(5,880) |
|
148,414 |
|
- |
|
(4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities ............ |
2,427,236 |
|
134,961 |
|
2,562,197 |
|
(333,406) |
|
2,228,791 |
|
(8) |
|
(13) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total shareholders' equity ...................... |
93,591 |
|
4,114 |
|
97,705 |
|
30,594 |
|
128,299 |
|
37 |
|
31 |
|
|
Minority interests ....... |
6,638 |
|
226 |
|
6,864 |
|
498 |
|
7,362 |
|
11 |
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity ................ |
100,229 |
|
4,340 |
|
104,569 |
|
31,092 |
|
135,661 |
|
35 |
|
30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity and liabilities .................. |
2,527,465 |
|
139,301 |
|
2,666,766 |
|
(302,314) |
|
2,364,452 |
|
(6) |
|
(11) |
|
For footnote, see page 149.
In 2009, the effect of acquisitions was not material.
Reconciliation of reported and underlying loans and advances to customers and customer accounts by geographical region
|
|
31 December 2009 compared with 31 December 2008 |
|
||||||||||||
|
|
31 Dec 08 as reported US$m |
|
Currency translation31 US$m |
|
31 Dec 08 at 31 Dec 09 exchange rates US$m |
|
Underlying change US$m |
|
31 Dec 09 as reported US$m |
|
Reported change % |
|
Under- lying change % |
|
|
Loans and advances to customers (net) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe ............................ |
426,191 |
|
37,773 |
|
463,964 |
|
(24,483) |
|
439,481 |
|
3 |
|
(5) |
|
|
Hong Kong ..................... |
100,220 |
|
(54) |
|
100,166 |
|
(785) |
|
99,381 |
|
(1) |
|
(1) |
|
|
Rest of Asia-Pacific ........ |
80,661 |
|
5,320 |
|
85,981 |
|
(5,938) |
|
80,043 |
|
(1) |
|
(7) |
|
|
Middle East ..................... |
27,295 |
|
(69) |
|
27,226 |
|
(4,382) |
|
22,844 |
|
(16) |
|
(16) |
|
|
North America ............... |
256,214 |
|
7,379 |
|
263,593 |
|
(56,740) |
|
206,853 |
|
(19) |
|
(22) |
|
|
Latin America ................ |
42,287 |
|
6,814 |
|
49,101 |
|
(1,472) |
|
47,629 |
|
13 |
|
(3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
932,868 |
|
57,163 |
|
990,031 |
|
(93,800) |
|
896,231 |
|
(4) |
|
(9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer accounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe ............................ |
502,476 |
|
42,883 |
|
545,359 |
|
(50,340) |
|
495,019 |
|
(1) |
|
(9) |
|
|
Hong Kong ..................... |
250,517 |
|
(119) |
|
250,398 |
|
25,043 |
|
275,441 |
|
10 |
|
10 |
|
|
Rest of Asia-Pacific ........ |
124,194 |
|
5,736 |
|
129,930 |
|
4,069 |
|
133,999 |
|
8 |
|
3 |
|
|
Middle East ..................... |
35,165 |
|
(76) |
|
35,089 |
|
(2,560) |
|
32,529 |
|
(7) |
|
(7) |
|
|
North America ............... |
143,532 |
|
5,577 |
|
149,109 |
|
48 |
|
149,157 |
|
4 |
|
- |
|
|
Latin America ................ |
59,443 |
|
10,477 |
|
69,920 |
|
2,969 |
|
72,889 |
|
23 |
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,115,327 |
|
64,478 |
|
1,179,805 |
|
(20,771) |
|
1,159,034 |
|
4 |
|
(2) |
|
Reconciliation of reported and underlying loans and advances to customers and customer accounts by customer groups and global businesses
|
|
31 December 2009 compared with 31 December 2008 |
|
||||||||||||
|
|
31 Dec 08 as reported US$m |
|
Currency translation31 US$m |
|
31 Dec 08 at 31 Dec 09 exchange rates US$m |
|
Underlying change US$m |
|
31 Dec 09 as reported US$m |
|
Reported change % |
|
Under- lying change % |
|
|
Loans and advances to customers (net) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personal Financial Services ...................................... |
401,402 |
|
21,119 |
|
422,521 |
|
(23,061) |
|
399,460 |
|
- |
|
(5) |
|
|
Commercial Banking ........ |
203,949 |
|
14,614 |
|
218,563 |
|
(18,889) |
|
199,674 |
|
(2) |
|
(9) |
|
|
Global Banking and Markets ........................ |
287,306 |
|
19,989 |
|
307,295 |
|
(50,339) |
|
256,956 |
|
(11) |
|
(16) |
|
|
Private Banking ................ |
37,590 |
|
1,416 |
|
39,006 |
|
(1,975) |
|
37,031 |
|
(1) |
|
(5) |
|
|
Other ................................ |
2,621 |
|
25 |
|
2,646 |
|
464 |
|
3,110 |
|
19 |
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
932,868 |
|
57,163 |
|
990,031 |
|
(93,800) |
|
896,231 |
|
(4) |
|
(9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer accounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personal Financial Services ...................................... |
440,338 |
|
24,029 |
|
464,367 |
|
34,742 |
|
499,109 |
|
13 |
|
7 |
|
|
Commercial Banking ........ |
235,879 |
|
13,901 |
|
249,780 |
|
17,608 |
|
267,388 |
|
13 |
|
7 |
|
|
Global Banking and Markets ........................ |
320,386 |
|
24,243 |
|
344,629 |
|
(59,902) |
|
284,727 |
|
(11) |
|
(17) |
|
|
Private Banking ................ |
116,683 |
|
2,291 |
|
118,974 |
|
(12,441) |
|
106,533 |
|
(9) |
|
(10) |
|
|
Other ................................ |
2,041 |
|
14 |
|
2,055 |
|
(778) |
|
1,277 |
|
(37) |
|
(38) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,115,327 |
|
64,478 |
|
1,179,805 |
|
(20,771) |
|
1,159,034 |
|
4 |
|
(2) |
|
For footnote, see page 149.
In 2009, the effect of acquisitions was not material.
Average balance sheet and net interest income
Average balances and related interest are shown for the domestic operations of HSBC's principal commercial banks by geographical region. 'Other operations' comprise the operations of the principal Commercial Banking and consumer finance entities outside their domestic markets and all other banking operations, including investment banking balances and transactions.
Average balances are based on daily averages for the principal areas of HSBC's banking activities with monthly or less frequent averages used elsewhere.
Balances and transactions with fellow subsidiaries are reported gross in the principal Commercial Banking and consumer finance entities within 'Other interest-earning assets' and 'Other interest-bearing liabilities' as appropriate and the elimination entries are included within 'Other operations' in those two categories.
Net interest margin numbers are calculated by dividing net interest income as reported in the income statement by the average interest-earning assets from which interest income is reported within the 'Net interest income' line of the income statement. Interest income and interest expense arising from trading assets and liabilities and the funding thereof is included within 'Net trading income' in the income statement.
|
Assets |
|
|
||||||||||||||||
|
|
|
2009 |
|
2008 |
|
2007 |
||||||||||||
|
|
|
Average balance |
|
Interest income |
|
Yield |
|
Average balance |
|
Interest income |
|
Yield |
|
Average balance |
|
Interest income |
|
Yield |
|
|
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-earning assets (itemised below) ............................................... |
1,384,705 |
|
62,096 |
|
4.48 |
|
1,466,622 |
|
91,301 |
|
6.23 |
|
1,296,701 |
|
92,359 |
|
7.12 |
|
|
Trading assets32 ..................................... |
357,504 |
|
7,614 |
|
2.13 |
|
428,539 |
|
16,742 |
|
3.91 |
|
374,973 |
|
17,562 |
|
4.68 |
|
|
Financial assets designated at fair value33 |
62,143 |
|
1,032 |
|
1.66 |
|
37,303 |
|
1,108 |
|
2.97 |
|
14,899 |
|
813 |
|
5.46 |
|
|
Impairment provisions .......................... |
(26,308) |
|
|
|
|
|
(20,360) |
|
|
|
|
|
(15,309) |
|
|
|
|
|
|
Non-interest-earning assets ................... |
667,942 |
|
|
|
|
|
596,885 |
|
|
|
|
|
440,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets and interest income ........... |
2,445,986 |
|
70,742 |
|
2.89 |
|
2,508,989 |
|
109,151 |
|
4.35 |
|
2,111,950 |
|
110,734 |
|
5.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term funds and loans and advances to banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
38,455 |
|
1,379 |
|
3.59 |
|
46,703 |
|
2,187 |
|
4.68 |
|
49,910 |
|
2,592 |
|
5.19 |
|
|
HSBC Private Banking Holdings (Suisse) ...... |
4,451 |
|
43 |
|
0.97 |
|
8,040 |
|
333 |
|
4.14 |
|
5,295 |
|
229 |
|
4.32 |
|
|
HSBC France ............... |
37,239 |
|
440 |
|
1.18 |
|
35,801 |
|
1,495 |
|
4.18 |
|
31,591 |
|
1,294 |
|
4.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
16,626 |
|
202 |
|
1.21 |
|
17,402 |
|
587 |
|
3.37 |
|
13,054 |
|
609 |
|
4.67 |
|
|
The Hongkong and Shanghai Banking Corporation ............. |
27,903 |
|
182 |
|
0.65 |
|
47,244 |
|
1,344 |
|
2.84 |
|
50,210 |
|
2,352 |
|
4.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
23,107 |
|
326 |
|
1.41 |
|
27,907 |
|
881 |
|
3.16 |
|
19,286 |
|
810 |
|
4.20 |
|
|
HSBC Bank Malaysia ... |
3,776 |
|
81 |
|
2.15 |
|
4,659 |
|
165 |
|
3.54 |
|
2,861 |
|
103 |
|
3.60 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East |
4,312 |
|
52 |
|
1.21 |
|
6,028 |
|
188 |
|
3.12 |
|
6,328 |
|
324 |
|
5.12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
2,338 |
|
94 |
|
4.02 |
|
9,595 |
|
328 |
|
3.42 |
|
9,393 |
|
477 |
|
5.08 |
|
|
HSBC Bank Canada ...... |
2,934 |
|
10 |
|
0.34 |
|
3,354 |
|
107 |
|
3.19 |
|
3,810 |
|
174 |
|
4.57 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
3,722 |
|
149 |
|
4.00 |
|
3,682 |
|
247 |
|
6.71 |
|
3,555 |
|
239 |
|
6.72 |
|
|
Brazilian operations34 .. |
10,490 |
|
1,003 |
|
9.56 |
|
7,959 |
|
951 |
|
11.95 |
|
5,790 |
|
645 |
|
11.14 |
|
|
HSBC Bank Panama .... |
1,187 |
|
10 |
|
0.84 |
|
1,133 |
|
30 |
|
2.65 |
|
897 |
|
33 |
|
3.68 |
|
|
HSBC Bank Argentina . |
256 |
|
29 |
|
11.33 |
|
612 |
|
43 |
|
7.03 |
|
304 |
|
16 |
|
5.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
15,782 |
|
199 |
|
1.26 |
|
19,992 |
|
760 |
|
3.80 |
|
19,087 |
|
898 |
|
4.70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
192,578 |
|
4,199 |
|
2.18 |
|
240,111 |
|
9,646 |
|
4.02 |
|
221,371 |
|
10,795 |
|
4.88 |
|
|
2009 |
|
2008 |
|
2007 |
|||||||||||||
|
|
|
Average balance |
|
Interest income |
|
Yield |
|
Average balance |
|
Interest income |
|
Yield |
|
Average balance |
|
Interest income |
|
Yield |
|
|
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
276,602 |
|
10,898 |
|
3.94 |
|
288,214 |
|
18,587 |
|
6.45 |
|
237,231 |
|
18,078 |
|
7.62 |
|
|
HSBC Private Banking Holdings (Suisse) ...... |
9,993 |
|
176 |
|
1.76 |
|
12,355 |
|
494 |
|
4.00 |
|
9,805 |
|
507 |
|
5.17 |
|
|
HSBC France ............... |
71,048 |
|
1,932 |
|
2.72 |
|
73,455 |
|
3,604 |
|
4.91 |
|
68,027 |
|
3,219 |
|
4.73 |
|
|
HSBC Finance .............. |
3,094 |
|
319 |
|
10.31 |
|
4,808 |
|
505 |
|
10.50 |
|
5,492 |
|
611 |
|
11.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
42,619 |
|
1,194 |
|
2.80 |
|
42,304 |
|
1,589 |
|
3.76 |
|
37,827 |
|
2,120 |
|
5.60 |
|
|
The Hongkong and Shanghai Banking Corporation ............. |
55,287 |
|
1,757 |
|
3.18 |
|
54,628 |
|
2,291 |
|
4.19 |
|
48,134 |
|
2,901 |
|
6.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
66,262 |
|
3,668 |
|
5.54 |
|
77,741 |
|
5,163 |
|
6.64 |
|
59,286 |
|
4,321 |
|
7.29 |
|
|
HSBC Bank Malaysia ... |
8,113 |
|
455 |
|
5.61 |
|
8,407 |
|
553 |
|
6.58 |
|
7,467 |
|
507 |
|
6.79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ................................. |
22,612 |
|
1,593 |
|
7.04 |
|
23,697 |
|
1,549 |
|
6.54 |
|
15,125 |
|
1,200 |
|
7.93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
98,422 |
|
5,541 |
|
5.63 |
|
93,088 |
|
5,758 |
|
6.19 |
|
90,091 |
|
6,585 |
|
7.31 |
|
|
HSBC Finance .............. |
101,132 |
|
9,941 |
|
9.83 |
|
140,957 |
|
15,835 |
|
11.23 |
|
153,658 |
|
18,086 |
|
11.77 |
|
|
HSBC Bank Canada ...... |
43,072 |
|
1,499 |
|
3.48 |
|
48,331 |
|
2,455 |
|
5.08 |
|
43,570 |
|
2,598 |
|
5.96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
12,185 |
|
1,708 |
|
14.02 |
|
17,252 |
|
2,565 |
|
14.87 |
|
16,469 |
|
2,187 |
|
13.28 |
|
|
Brazilian operations34 .. |
18,704 |
|
4,494 |
|
24.03 |
|
19,642 |
|
4,879 |
|
24.84 |
|
13,569 |
|
3,895 |
|
28.71 |
|
|
HSBC Bank Panama .... |
9,302 |
|
864 |
|
9.29 |
|
8,620 |
|
810 |
|
9.40 |
|
8,113 |
|
778 |
|
9.59 |
|
|
HSBC Bank Argentina . |
1,940 |
|
357 |
|
18.40 |
|
2,136 |
|
378 |
|
17.70 |
|
1,667 |
|
241 |
|
14.46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
29,670 |
|
1,905 |
|
6.42 |
|
28,027 |
|
1,707 |
|
6.09 |
7.72 |
21,318 |
|
1,790 |
|
8.40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
870,057 |
|
48,301 |
|
5.55 |
|
943,662 |
|
68,722 |
|
7.28 |
|
836,849 |
|
69,624 |
|
8.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
79,763 |
|
2,321 |
|
2.91 |
|
83,725 |
|
3,840 |
|
4.59 |
|
45,885 |
|
2,431 |
|
5.30 |
|
|
HSBC Private Banking Holdings (Suisse) ................................. |
15,602 |
|
363 |
|
2.33 |
|
12,018 |
|
553 |
|
4.60 |
|
10,372 |
|
511 |
|
4.93 |
|
|
HSBC France ............... |
5,327 |
|
141 |
|
2.65 |
|
14,862 |
|
795 |
|
5.35 |
|
10,357 |
|
511 |
|
4.93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
24,594 |
|
630 |
|
2.56 |
|
24,031 |
|
1,063 |
|
4.42 |
|
30,791 |
|
1,550 |
|
5.03 |
|
|
The Hongkong and Shanghai Banking Corporation ............. |
52,965 |
|
644 |
|
1.22 |
|
15,361 |
|
563 |
|
3.67 |
|
20,717 |
|
1,017 |
|
4.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
34,056 |
|
1,039 |
|
3.05 |
|
31,992 |
|
1,507 |
|
4.71 |
|
23,739 |
|
1,065 |
|
4.49 |
|
|
HSBC Bank Malaysia ... |
1,218 |
|
37 |
|
3.04 |
|
937 |
|
36 |
|
3.84 |
|
1,515 |
|
56 |
|
3.70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ................................. |
6,996 |
|
118 |
|
1.69 |
|
5,671 |
|
144 |
|
2.54 |
|
3,654 |
|
174 |
|
4.76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
27,253 |
|
969 |
|
3.56 |
|
25,089 |
|
1,232 |
|
4.91 |
|
23,373 |
|
1,189 |
|
5.09 |
|
|
HSBC Finance .............. |
2,426 |
|
120 |
|
4.95 |
|
2,908 |
|
143 |
|
4.92 |
|
4,072 |
|
229 |
|
5.62 |
|
|
HSBC Bank Canada ...... |
10,282 |
|
205 |
|
1.99 |
|
7,037 |
|
197 |
|
2.80 |
|
6,068 |
|
258 |
|
4.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
3,916 |
|
227 |
|
5.80 |
|
3,470 |
|
244 |
|
7.03 |
|
3,327 |
|
319 |
|
9.59 |
|
|
Brazilian operations34 .. |
6,930 |
|
820 |
|
11.83 |
|
6,758 |
|
853 |
|
12.62 |
|
5,596 |
|
672 |
|
12.01 |
|
|
HSBC Bank Panama .... |
604 |
|
39 |
|
6.46 |
|
618 |
|
47 |
|
7.61 |
|
709 |
|
58 |
|
8.18 |
|
|
HSBC Bank Argentina . |
181 |
|
35 |
|
19.34 |
|
287 |
|
47 |
|
16.38 |
|
563 |
|
68 |
|
12.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
50,767 |
|
1,717 |
|
3.38 |
|
29,632 |
|
1,354 |
|
4.57 |
4.96 |
27,252 |
|
1,407 |
|
5.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
322,880 |
|
9,425 |
|
2.92 |
|
264,396 |
|
12,618 |
|
4.77 |
|
217,990 |
|
11,515 |
|
5.28 |
|
Assets (continued) |
|
|
|||||||||||||||||
|
|
|
2009 |
|
2008 |
|
2007 |
|||||||||||||
|
|
|
Average balance |
|
Interest income |
|
Yield |
|
Average balance |
|
Interest income |
|
Yield |
|
Average balance |
|
Interest income |
|
Yield |
|
|
|
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other interest-earning assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
17,406 |
|
188 |
|
1.08 |
|
25,885 |
|
630 |
|
2.43 |
|
11,170 |
|
652 |
|
5.84 |
|
|
|
HSBC Private Banking Holdings (Suisse) ...... |
21,450 |
|
360 |
|
1.68 |
|
21,189 |
|
875 |
|
4.13 |
|
16,360 |
|
882 |
|
5.39 |
|
|
|
HSBC France ............... |
11,867 |
|
172 |
|
1.45 |
|
23,414 |
|
630 |
|
2.69 |
|
12,158 |
|
419 |
|
3.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
2,618 |
|
32 |
|
1.22 |
|
1,629 |
|
48 |
|
2.95 |
|
832 |
|
42 |
|
5.05 |
|
|
|
The Hongkong and Shanghai Banking Corporation ............. |
26,657 |
|
214 |
|
0.80 |
|
33,571 |
|
949 |
|
2.83 |
|
27,057 |
|
1,237 |
|
4.57 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
19,917 |
|
106 |
|
0.53 |
|
24,492 |
|
352 |
|
1.44 |
|
11,137 |
|
588 |
|
5.28 |
|
|
|
HSBC Bank Malaysia ... |
407 |
|
6 |
|
1.47 |
|
212 |
|
7 |
|
3.30 |
|
231 |
|
12 |
|
5.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East |
541 |
|
46 |
|
8.50 |
|
843 |
|
63 |
|
7.47 |
|
758 |
|
52 |
|
6.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
3,327 |
|
71 |
|
2.13 |
|
3,091 |
|
188 |
|
6.08 |
|
3,731 |
|
231 |
|
6.19 |
|
|
|
HSBC Finance .............. |
2,995 |
|
6 |
|
0.20 |
|
2,638 |
|
63 |
|
2.39 |
|
1,724 |
|
89 |
|
5.16 |
|
|
|
HSBC Bank Canada ...... |
773 |
|
9 |
|
1.16 |
|
1,025 |
|
25 |
|
2.44 |
|
960 |
|
31 |
|
3.23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
138 |
|
- |
|
- |
|
193 |
|
2 |
|
1.04 |
|
- |
|
- |
|
- |
|
|
|
Brazilian operations34 .. |
1,074 |
|
46 |
|
4.28 |
|
1,438 |
|
147 |
|
10.22 |
|
840 |
|
75 |
|
8.93 |
|
|
|
HSBC Bank Panama .... |
1,372 |
|
9 |
|
0.66 |
|
1,807 |
|
23 |
|
1.27 |
|
1,351 |
|
40 |
|
2.96 |
|
|
|
HSBC Bank Argentina . |
51 |
|
- |
|
- |
|
58 |
|
1 |
|
1.72 |
|
39 |
|
1 |
|
2.56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
(111,403) |
|
(1,094) |
|
|
|
(123,032) |
|
(3,688) |
|
|
|
(67,857) |
|
(3,926) |
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(810) |
|
171 |
|
(21.11) |
|
18,453 |
|
315 |
|
1.71 |
|
20,491 |
|
425 |
|
2.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-earning assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
412,226 |
|
14,786 |
|
3.59 |
|
444,527 |
|
25,244 |
|
5.68 |
|
344,196 |
|
23,753 |
|
6.90 |
|
|
|
HSBC Private Banking Holdings (Suisse) ................................. |
51,496 |
|
942 |
|
1.83 |
|
53,602 |
|
2,255 |
|
4.21 |
|
41,832 |
|
2,129 |
|
5.09 |
|
|
|
HSBC France ............... |
125,481 |
|
2,685 |
|
2.14 |
|
147,532 |
|
6,524 |
|
4.42 |
|
122,133 |
|
5,443 |
|
4.46 |
|
|
|
HSBC Finance .............. |
3,094 |
|
319 |
|
10.31 |
|
4,808 |
|
505 |
|
10.50 |
|
5,492 |
|
611 |
|
11.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
86,457 |
|
2,058 |
|
2.38 |
|
85,366 |
|
3,287 |
|
3.85 |
|
82,504 |
|
4,321 |
|
5.24 |
|
|
|
The Hongkong and Shanghai Banking Corporation ............. |
162,812 |
|
2,797 |
|
1.72 |
|
150,804 |
|
5,147 |
|
3.41 |
|
146,118 |
|
7,507 |
|
5.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
143,342 |
|
5,139 |
|
3.59 |
|
162,132 |
|
7,903 |
|
4.87 |
|
113,448 |
|
6,784 |
|
5.98 |
|
|
|
HSBC Bank Malaysia ... |
13,514 |
|
579 |
|
4.28 |
|
14,215 |
|
761 |
|
5.35 |
|
12,074 |
|
678 |
|
5.62 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East |
34,461 |
|
1,809 |
|
5.25 |
|
36,239 |
|
1,944 |
|
5.36 |
|
25,865 |
|
1,750 |
|
6.77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
131,340 |
|
6,675 |
|
5.08 |
|
130,863 |
|
7,506 |
|
5.74 |
|
126,588 |
|
8,482 |
|
6.70 |
|
|
|
HSBC Finance .............. |
106,553 |
|
10,067 |
|
9.45 |
|
146,503 |
|
16,041 |
|
10.95 |
|
159,454 |
|
18,404 |
|
11.54 |
|
|
|
HSBC Bank Canada ...... |
57,061 |
|
1,723 |
|
3.02 |
|
59,747 |
|
2,784 |
|
4.66 |
|
54,408 |
|
3,061 |
|
5.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
19,961 |
|
2,084 |
|
10.44 |
|
24,597 |
|
3,058 |
|
12.43 |
|
23,351 |
|
2,745 |
|
11.76 |
|
|
|
Brazilian operations34 .. |
37,198 |
|
6,363 |
|
17.11 |
|
35,797 |
|
6,830 |
|
19.08 |
|
25,795 |
|
5,287 |
|
20.50 |
|
|
|
HSBC Bank Panama .... |
12,465 |
|
922 |
|
7.40 |
|
12,178 |
|
910 |
|
7.47 |
|
11,070 |
|
909 |
|
8.21 |
|
|
|
HSBC Bank Argentina . |
2,428 |
|
421 |
|
17.34 |
|
3,093 |
|
469 |
|
15.16 |
|
2,573 |
|
326 |
|
12.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
(15,184) |
|
2,727 |
|
|
(45,381) |
|
133 |
|
|
7.05 |
(200) |
|
169 |
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,384,705 |
|
62,096 |
|
4.48 |
|
1,466,622 |
|
91,301 |
|
6.23 |
|
1,296,701 |
|
92,359 |
|
7.12 |
|
For footnotes, see page 149.
|
Equity and liabilities |
|
||||||||||||||||
|
|
2009 |
|
2008 |
|
2007 |
||||||||||||
|
|
Average balance |
|
Interest expense |
|
Cost |
|
Average balance |
|
Interest expense |
|
Cost |
|
Average balance |
|
Interest expense |
|
Cost |
|
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
Summary |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-bearing liabilities (itemised below) ......................................................... |
1,353,283 |
|
21,366 |
|
1.58 |
|
1,451,842 |
|
48,738 |
|
3.36 |
|
1,279,460 |
|
54,564 |
|
4.26 |
|
Trading liabilities ................................. |
205,670 |
|
3,987 |
|
1.94 |
|
277,940 |
|
11,029 |
|
3.97 |
|
250,572 |
|
12,186 |
|
4.86 |
|
Financial liabilities designated at fair value (excluding own debt issued) ............... |
15,688 |
|
293 |
|
1.87 |
|
21,266 |
|
345 |
|
1.62 |
|
20,827 |
|
224 |
|
1.07 |
|
Non-interest bearing current accounts .. |
123,271 |
|
|
|
|
|
98,193 |
|
|
|
|
|
83,958 |
|
|
|
|
|
Total equity and other non-interest bearing liabilities .......................................... |
748,074 |
|
|
|
|
|
659,747 |
|
|
|
|
|
477,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity and liabilities .................... |
2,445,986 |
|
25,646 |
|
1.05 |
|
2,508,988 |
|
60,112 |
|
2.40 |
|
2,111,950 |
|
66,974 |
|
3.17 |
|
Deposits by banks35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
35,207 |
|
553 |
|
1.57 |
|
48,167 |
|
1,875 |
|
3.89 |
|
44,787 |
|
2,148 |
|
4.80 |
|
|
|
HSBC Private Banking Holdings (Suisse) ...... |
1,063 |
|
1 |
|
0.09 |
|
4,493 |
|
105 |
|
2.34 |
|
690 |
|
22 |
|
3.19 |
|
|
|
HSBC France ............... |
43,682 |
|
536 |
|
1.23 |
|
37,851 |
|
1,672 |
|
4.42 |
|
30,816 |
|
1,358 |
|
4.41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
1,051 |
|
5 |
|
0.48 |
|
1,696 |
|
55 |
|
3.24 |
|
2,993 |
|
123 |
|
4.11 |
|
|
|
The Hongkong and Shanghai Banking Corporation ............. |
6,892 |
|
9 |
|
0.13 |
|
3,665 |
|
70 |
|
1.91 |
|
3,634 |
|
150 |
|
4.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
10,710 |
|
165 |
|
1.54 |
|
16,232 |
|
450 |
|
2.77 |
|
10,247 |
|
445 |
|
4.34 |
|
|
|
HSBC Bank Malaysia ... |
110 |
|
2 |
|
1.82 |
|
338 |
|
10 |
|
2.96 |
|
375 |
|
12 |
|
3.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ................................. |
773 |
|
9 |
|
1.16 |
|
1,680 |
|
29 |
|
1.73 |
|
672 |
|
32 |
|
4.76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
8,381 |
|
9 |
|
0.11 |
|
11,015 |
|
220 |
|
2.00 |
|
6,933 |
|
414 |
|
5.97 |
|
|
|
HSBC Bank Canada ...... |
1,405 |
|
8 |
|
0.57 |
|
1,391 |
|
41 |
|
2.95 |
|
1,681 |
|
93 |
|
5.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
1,462 |
|
49 |
|
3.35 |
|
822 |
|
32 |
|
3.89 |
|
983 |
|
63 |
|
6.41 |
|
|
|
Brazilian operations34 .. |
3,292 |
|
241 |
|
7.32 |
|
2,790 |
|
190 |
|
6.81 |
|
1,549 |
|
106 |
|
6.84 |
|
|
|
HSBC Bank Panama .... |
908 |
|
26 |
|
2.86 |
|
1,016 |
|
43 |
|
4.23 |
|
1,137 |
|
66 |
|
5.80 |
|
|
|
HSBC Bank Argentina . |
12 |
|
1 |
|
8.33 |
|
27 |
|
1 |
|
3.70 |
|
117 |
|
9 |
|
7.69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
2,899 |
|
45 |
|
1.55 |
|
4,564 |
|
166 |
|
3.64 |
5.33 |
4,495 |
|
291 |
|
6.47 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
117,847 |
|
1,659 |
|
1.41 |
|
135,747 |
|
4,959 |
|
3.65 |
|
111,109 |
|
5,332 |
|
4.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities designated at fair value - own debt issued36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Holdings ............ |
17,887 |
|
369 |
|
2.06 |
|
18,675 |
|
721 |
|
3.86 |
|
15,142 |
|
822 |
|
5.43 |
|
|
|
HSBC Bank .................. |
7,932 |
|
196 |
|
2.47 |
|
8,805 |
|
529 |
|
6.01 |
|
9,907 |
|
525 |
|
5.30 |
|
|
|
HSBC France ............... |
5,108 |
|
128 |
|
2.51 |
|
1,515 |
|
79 |
|
5.21 |
|
143 |
|
11 |
|
7.69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
130 |
|
2 |
|
1.54 |
|
127 |
|
6 |
|
4.72 |
|
126 |
|
6 |
|
4.76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
1,615 |
|
30 |
|
1.86 |
|
1,504 |
|
67 |
|
4.45 |
|
1,620 |
|
125 |
|
7.72 |
|
|
|
HSBC Finance .............. |
26,628 |
|
871 |
|
3.27 |
|
32,126 |
|
1,563 |
|
4.87 |
|
31,889 |
|
2,079 |
|
6.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
921 |
|
(38) |
|
(4.13) |
|
1,083 |
|
168 |
|
15.51 |
6.94 |
- |
|
- |
|
- |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,221 |
|
1,558 |
|
2.59 |
|
63,835 |
|
3,133 |
|
4.91 |
|
58,827 |
|
3,568 |
|
6.07 |
|
|
Equity and liabilities (continued) |
|||||||||||||||||||
|
|
|
2009 |
|
2008 |
|
2007 |
|||||||||||||
|
|
|
Average balance |
|
Interest expense |
|
Cost |
|
Average Balance |
|
Interest expense |
|
Cost |
|
Average balance |
|
Interest expense |
|
Cost |
|
|
|
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
|
Customer accounts37 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Europe |
HSBC Bank .................. |
274,949 |
|
2,407 |
|
0.88 |
|
305,702 |
|
10,092 |
|
3.30 |
|
270,965 |
|
10,576 |
|
3.90 |
|
|
|
HSBC Private Banking Holdings (Suisse) ................................. |
27,250 |
|
256 |
|
0.94 |
|
37,778 |
|
1,349 |
|
3.57 |
|
30,955 |
|
1,485 |
|
4.80 |
|
|
|
HSBC France ............... |
61,465 |
|
645 |
|
1.05 |
|
39,428 |
|
1,583 |
|
4.01 |
|
31,845 |
|
1,226 |
|
3.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
71,140 |
|
200 |
|
0.28 |
|
66,142 |
|
914 |
|
1.38 |
|
61,227 |
|
1,900 |
|
3.10 |
|
|
|
The Hongkong and Shanghai Banking Corporation ............. |
150,520 |
|
211 |
|
0.14 |
|
139,169 |
|
1,365 |
|
0.98 |
|
125,478 |
|
3,499 |
|
2.79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
92,305 |
|
1,494 |
|
1.62 |
|
96,476 |
|
2,869 |
|
2.97 |
|
76,052 |
|
2,645 |
|
3.48 |
|
|
|
HSBC Bank Malaysia ... |
9,658 |
|
191 |
|
1.98 |
|
10,266 |
|
295 |
|
2.87 |
|
8,823 |
|
260 |
|
2.95 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ................................. |
18,726 |
|
432 |
|
2.31 |
|
19,922 |
|
422 |
|
2.12 |
|
15,685 |
|
578 |
|
3.69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
85,007 |
|
975 |
|
1.15 |
|
86,701 |
|
2,069 |
|
2.39 |
|
78,138 |
|
3,051 |
|
3.90 |
|
|
|
HSBC Bank Canada ...... |
35,051 |
|
385 |
|
1.10 |
|
34,090 |
|
967 |
|
2.84 |
|
30,060 |
|
1,090 |
|
3.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
11,636 |
|
391 |
|
3.36 |
|
14,612 |
|
561 |
|
3.84 |
|
14,230 |
|
548 |
|
3.85 |
|
|
|
Brazilian operations34 .. |
28,605 |
|
2,946 |
|
10.30 |
|
26,288 |
|
3,110 |
|
11.83 |
|
19,581 |
|
2,163 |
|
11.05 |
|
|
|
HSBC Bank Panama .... |
8,592 |
|
353 |
|
4.11 |
|
7,761 |
|
296 |
|
3.81 |
|
7,604 |
|
314 |
|
4.13 |
|
|
|
HSBC Bank Argentina . |
2,151 |
|
99 |
|
4.60 |
|
2,266 |
|
145 |
|
6.40 |
|
1,892 |
|
85 |
|
4.49 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
63,863 |
|
361 |
|
0.57 |
|
64,253 |
|
1,952 |
|
3.04 |
2.84 |
55,351 |
|
2,297 |
|
4.15 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
940,918 |
|
11,346 |
|
1.21 |
|
950,854 |
|
27,989 |
|
2.94 |
|
827,886 |
|
31,717 |
|
3.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities in issue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
72,955 |
|
1,305 |
|
1.79 |
|
86,216 |
|
4,001 |
|
4.64 |
|
64,168 |
|
3,753 |
|
5.85 |
|
|
|
HSBC France ............... |
25,065 |
|
330 |
|
1.32 |
|
30,815 |
|
1,447 |
|
4.70 |
|
28,757 |
|
1,207 |
|
4.20 |
|
|
|
HSBC Finance .............. |
- |
|
- |
|
- |
|
215 |
|
8 |
|
3.72 |
|
240 |
|
18 |
|
7.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
1,220 |
|
21 |
|
1.72 |
|
1,685 |
|
57 |
|
3.38 |
|
1,734 |
|
80 |
|
4.61 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
5,409 |
|
218 |
|
4.03 |
|
8,995 |
|
640 |
|
7.12 |
|
8,979 |
|
559 |
|
6.23 |
|
|
|
HSBC Bank Malaysia ... |
403 |
|
16 |
|
3.97 |
|
475 |
|
20 |
|
4.21 |
|
318 |
|
13 |
|
4.09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ................................. |
2,988 |
|
62 |
|
2.07 |
|
2,650 |
|
90 |
|
3.40 |
|
2,086 |
|
119 |
|
5.70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
20,968 |
|
590 |
|
2.81 |
|
21,922 |
|
852 |
|
3.89 |
|
25,724 |
|
1,232 |
|
4.79 |
|
|
|
HSBC Finance .............. |
63,563 |
|
2,510 |
|
3.95 |
|
98,096 |
|
3,765 |
|
3.84 |
|
115,520 |
|
5,311 |
|
4.60 |
|
|
|
HSBC Bank Canada ...... |
12,825 |
|
322 |
|
2.51 |
|
16,957 |
|
604 |
|
3.56 |
|
14,771 |
|
640 |
|
4.33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
1,460 |
|
67 |
|
4.59 |
|
2,693 |
|
243 |
|
9.02 |
|
1,147 |
|
110 |
|
9.59 |
|
|
|
Brazilian operations34 .. |
1,568 |
|
86 |
|
5.48 |
|
1,859 |
|
156 |
|
8.39 |
|
1,417 |
|
115 |
|
8.12 |
|
|
|
HSBC Bank Panama .... |
487 |
|
34 |
|
6.98 |
|
556 |
|
33 |
|
5.94 |
|
607 |
|
45 |
|
7.41 |
|
|
|
HSBC Bank Argentina . |
1 |
|
- |
|
- |
|
2 |
|
- |
|
- |
|
12 |
|
- |
|
- |
|
|
Other operations ................................... |
16,745 |
|
340 |
|
2.03 |
|
13,691 |
|
66 |
|
0.48 |
|
6,446 |
|
(13) |
|
(0.20) |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
225,657 |
|
5,901 |
|
2.62 |
|
286,827 |
|
11,982 |
|
4.18 |
|
271,926 |
|
13,189 |
|
4.85 |
|
|
|
||||||||||||||||||
|
|
|
2009 |
|
2008 |
|
2007 |
||||||||||||
|
|
|
Average balance |
|
Interest expense |
|
Cost |
|
Average balance |
|
Interest expense |
|
Cost |
|
Average balance |
|
Interest expense |
|
Cost |
|
|
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
US$m |
|
US$m |
|
% |
|
Other interest-bearing liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
50,247 |
|
655 |
|
1.30 |
|
38,906 |
|
1,134 |
|
2.91 |
|
22,035 |
|
1,302 |
|
5.91 |
|
|
HSBC Private Banking Holdings (Suisse) ................................. |
3,892 |
|
18 |
|
0.46 |
|
4,203 |
|
135 |
|
3.21 |
|
3,427 |
|
163 |
|
4.76 |
|
|
HSBC France ............... |
24,699 |
|
187 |
|
0.76 |
|
33,920 |
|
1,361 |
|
4.01 |
|
27,830 |
|
979 |
|
3.52 |
|
|
HSBC Finance .............. |
2,363 |
|
59 |
|
2.50 |
|
3,712 |
|
191 |
|
5.15 |
|
4,557 |
|
227 |
|
4.98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
789 |
|
5 |
|
0.63 |
|
1,258 |
|
41 |
|
3.26 |
|
2,278 |
|
114 |
|
5.00 |
|
|
The Hongkong and Shanghai Banking Corporation ............. |
12,815 |
|
105 |
|
0.82 |
|
10,557 |
|
288 |
|
2.73 |
|
9,866 |
|
535 |
|
5.42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
19,447 |
|
177 |
|
0.91 |
|
23,685 |
|
466 |
|
1.97 |
|
12,631 |
|
580 |
|
4.59 |
|
|
HSBC Bank Malaysia ... |
266 |
|
2 |
|
0.75 |
|
338 |
|
7 |
|
2.07 |
|
232 |
|
6 |
|
2.59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ................................. |
1,748 |
|
68 |
|
3.89 |
|
1,918 |
|
89 |
|
4.64 |
|
1,168 |
|
81 |
|
6.93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
9,754 |
|
368 |
|
3.77 |
|
10,490 |
|
468 |
|
4.46 |
|
13,602 |
|
587 |
|
4.32 |
|
|
HSBC Finance .............. |
4,051 |
|
102 |
|
2.52 |
|
4,670 |
|
141 |
|
3.02 |
|
1,941 |
|
113 |
|
5.82 |
|
|
HSBC Bank Canada ...... |
1,149 |
|
6 |
|
0.52 |
|
1,306 |
|
19 |
|
1.45 |
|
1,151 |
|
27 |
|
2.35 |
|
|
HSBC Markets Inc ....... |
1,716 |
|
36 |
|
2.10 |
|
10,349 |
|
78 |
|
0.75 |
|
8,889 |
|
255 |
|
2.87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
301 |
|
11 |
|
3.65 |
|
187 |
|
20 |
|
10.70 |
|
207 |
|
16 |
|
7.73 |
|
|
Brazilian operations34 .. |
1,496 |
|
130 |
|
8.69 |
|
2,340 |
|
207 |
|
8.85 |
|
1,103 |
|
182 |
|
16.50 |
|
|
HSBC Bank Panama .... |
192 |
|
2 |
|
1.04 |
|
917 |
|
3 |
|
0.33 |
|
574 |
|
9 |
|
1.57 |
|
|
HSBC Bank Argentina . |
36 |
|
1 |
|
2.78 |
|
92 |
|
6 |
|
6.52 |
|
95 |
|
4 |
|
4.21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
(126,321) |
|
(1,030) |
|
|
|
(134,269) |
|
(3,979) |
|
|
|
(101,874) |
|
(4,422) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,640 |
|
902 |
|
10.44 |
|
14,579 |
|
675 |
|
4.63 |
|
9,712 |
|
758 |
|
7.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-bearing liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank .................. |
441,290 |
|
5,116 |
|
1.16 |
|
487,796 |
|
17,631 |
|
3.61 |
|
411,862 |
|
18,304 |
|
4.44 |
|
|
HSBC Private Banking Holdings (Suisse) ................................. |
32,205 |
|
275 |
|
0.85 |
|
46,474 |
|
1,589 |
|
3.42 |
|
35,072 |
|
1,670 |
|
4.76 |
|
|
HSBC France ............... |
160,019 |
|
1,826 |
|
1.14 |
|
143,529 |
|
6,142 |
|
4.28 |
|
119,391 |
|
4,781 |
|
4.00 |
|
|
HSBC Finance .............. |
2,363 |
|
59 |
|
2.50 |
|
3,927 |
|
199 |
|
5.07 |
|
4,797 |
|
245 |
|
5.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........... |
74,330 |
|
233 |
|
0.31 |
|
70,908 |
|
1,073 |
|
1.51 |
|
68,358 |
|
2,223 |
|
3.25 |
|
|
The Hongkong and Shanghai Banking Corporation ............. |
170,227 |
|
325 |
|
0.19 |
|
153,391 |
|
1,723 |
|
1.12 |
|
138,978 |
|
4,184 |
|
3.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ............. |
127,871 |
|
2,054 |
|
1.61 |
|
145,388 |
|
4,425 |
|
3.04 |
|
107,909 |
|
4,229 |
|
3.92 |
|
|
HSBC Bank Malaysia ... |
10,437 |
|
211 |
|
2.02 |
|
11,417 |
|
332 |
|
2.91 |
|
9,748 |
|
291 |
|
2.99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ................................. |
24,235 |
|
571 |
|
2.36 |
|
26,170 |
|
630 |
|
2.41 |
|
19,611 |
|
810 |
|
4.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .......... |
125,725 |
|
1,972 |
|
1.57 |
|
131,632 |
|
3,676 |
|
2.79 |
|
126,017 |
|
5,409 |
|
4.29 |
|
|
HSBC Finance .............. |
94,242 |
|
3,483 |
|
3.70 |
|
134,892 |
|
5,469 |
|
4.05 |
|
149,350 |
|
7,503 |
|
5.02 |
|
|
HSBC Bank Canada ...... |
50,430 |
|
721 |
|
1.43 |
|
53,744 |
|
1,631 |
|
3.03 |
|
47,663 |
|
1,850 |
|
3.88 |
|
|
HSBC Markets Inc ....... |
1,716 |
|
36 |
|
2.10 |
|
10,349 |
|
78 |
|
0.75 |
|
8,889 |
|
255 |
|
2.87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico .............. |
14,859 |
|
518 |
|
3.49 |
|
18,314 |
|
856 |
|
4.67 |
|
16,567 |
|
737 |
|
4.45 |
|
|
Brazilian operations34 .. |
34,961 |
|
3,403 |
|
9.73 |
|
33,277 |
|
3,663 |
|
11.01 |
|
23,650 |
|
2,566 |
|
10.85 |
|
|
HSBC Bank Panama .... |
10,179 |
|
415 |
|
4.08 |
|
10,250 |
|
375 |
|
3.66 |
|
9,922 |
|
434 |
|
4.37 |
|
|
HSBC Bank Argentina . |
2,200 |
|
101 |
|
4.59 |
|
2,387 |
|
152 |
|
6.37 |
|
2,116 |
|
98 |
|
4.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ................................... |
(24,006) |
|
47 |
|
|
|
(32,003) |
|
(906) |
|
|
|
(20,440) |
|
(1,025) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,353,283 |
|
21,366 |
|
1.58 |
|
1,451,842 |
|
48,738 |
|
3.36 |
|
1,279,460 |
|
54,564 |
|
4.26 |
For footnotes, see page 149.
|
Net interest margin39 |
|
|||||
|
|
|
2009 |
|
2008 |
|
2007 |
|
|
|
% |
|
% |
|
% |
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ............................................................... |
2.35 |
|
1.71 |
|
1.58 |
|
|
HSBC Private Banking Holdings (Suisse) ................... |
1.30 |
|
1.24 |
|
1.10 |
|
|
HSBC France ............................................................. |
0.68 |
|
0.26 |
|
0.54 |
|
|
HSBC Finance ........................................................... |
8.40 |
|
6.36 |
|
6.66 |
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........................................................ |
2.11 |
|
2.59 |
|
2.54 |
|
|
The Hongkong and Shanghai Banking Corporation ... |
1.52 |
|
2.27 |
|
2.27 |
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ... |
2.15 |
|
2.15 |
|
2.25 |
|
|
HSBC Bank Malaysia ................................................ |
2.72 |
|
3.02 |
|
3.21 |
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ............................................ |
3.59 |
|
3.63 |
|
3.63 |
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ....................................................... |
3.58 |
|
2.93 |
|
2.43 |
|
|
HSBC Finance ........................................................... |
6.18 |
|
7.22 |
|
6.84 |
|
|
HSBC Bank Canada ................................................... |
1.76 |
|
1.93 |
|
2.23 |
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ........................................................... |
7.85 |
|
8.95 |
|
8.60 |
|
|
Brazilian operations34 ............................................... |
7.96 |
|
8.85 |
|
10.55 |
|
|
HSBC Bank Panama .................................................. |
4.07 |
|
4.39 |
|
4.29 |
|
|
HSBC Bank Argentina ............................................... |
13.18 |
|
10.25 |
|
8.86 |
|
|
|
|
|
|
|
|
|
|
|
2.94 |
|
2.90 |
|
2.91 |
|
Distribution of average total assets |
|
|
|
|
|
|
|
|
|
2009 |
|
2008 |
|
2007 |
|
|
|
% |
|
% |
|
% |
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ............................................................... |
36.7 |
|
36.7 |
|
34.6 |
|
|
HSBC Private Banking Holdings (Suisse) ................... |
2.3 |
|
2.3 |
|
2.2 |
|
|
HSBC France ............................................................. |
15.0 |
|
13.8 |
|
12.0 |
|
|
HSBC Finance ........................................................... |
- |
|
0.2 |
|
0.3 |
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ........................................................ |
4.2 |
|
3.9 |
|
4.4 |
|
|
The Hongkong and Shanghai Banking Corporation ... |
10.5 |
|
9.5 |
|
10.1 |
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ... |
8.5 |
|
8.8 |
|
6.9 |
|
|
HSBC Bank Malaysia ................................................ |
0.6 |
|
0.6 |
|
0.7 |
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ............................................ |
1.6 |
|
1.8 |
|
1.4 |
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ....................................................... |
11.0 |
|
11.2 |
|
10.1 |
|
|
HSBC Finance ........................................................... |
4.5 |
|
6.2 |
|
8.3 |
|
|
HSBC Bank Canada ................................................... |
2.7 |
|
2.9 |
|
3.3 |
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ........................................................... |
1.4 |
|
1.5 |
|
2.5 |
|
|
Brazilian operations34 ............................................... |
2.1 |
|
2.1 |
|
1.6 |
|
|
HSBC Bank Panama .................................................. |
0.6 |
|
0.6 |
|
0.7 |
|
|
HSBC Bank Argentina ............................................... |
0.2 |
|
0.2 |
|
0.2 |
|
|
|
|
|
|
|
|
|
Other operations (including consolidation adjustments) .............................. |
(1.9) |
|
(2.3) |
|
0.7 |
|
|
|
|
|
|
|
|
|
|
|
|
100.0 |
|
100.0 |
|
100.0 |
For footnotes, see page 149.
Related Shares:
HSBC Holdings