13th Aug 2010 16:35
Analysis by customer group and global business
Profit/(loss) before tax
|
|
Half-year to 30 June 2010 |
||||||||||||
|
Total |
Personal Financial Services US$m |
|
Commercial Banking US$m |
|
Global Banking & Markets US$m |
|
Private Banking US$m |
|
Other22 US$m |
|
Inter- segment elimination35 US$m |
|
Total US$m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/ (expense) ...... |
12,198 |
|
4,024 |
|
3,720 |
|
646 |
|
(537) |
|
(294) |
|
19,757 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net fee income . |
3,560 |
|
1,935 |
|
2,379 |
|
643 |
|
1 |
|
- |
|
8,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading income/(expense) excluding net interest income .......... |
(392) |
|
222 |
|
2,867 |
|
209 |
|
(597) |
|
- |
|
2,309 |
|
Net interest income on trading activities ....... |
15 |
|
11 |
|
888 |
|
10 |
|
25 |
|
294 |
|
1,243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net trading income/ (expense)25 .... |
(377) |
|
233 |
|
3,755 |
|
219 |
|
(572) |
|
294 |
|
3,552 |
|
Net income/(expense) from financial instruments designated at fair value ....... |
(127) |
|
26 |
|
8 |
|
- |
|
1,178 |
|
- |
|
1,085 |
|
Gains less losses from financial investments ... |
3 |
|
3 |
|
505 |
|
11 |
|
35 |
|
- |
|
557 |
|
Dividend income ...................... |
14 |
|
5 |
|
22 |
|
3 |
|
15 |
|
- |
|
59 |
|
Net earned insurance premiums ...... |
4,953 |
|
696 |
|
22 |
|
- |
|
(5) |
|
- |
|
5,666 |
|
Other operating income .......... |
387 |
|
355 |
|
438 |
|
21 |
|
3,114 |
|
(2,837) |
|
1,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income ......... |
20,611 |
|
7,277 |
|
10,849 |
|
1,543 |
|
3,229 |
|
(2,837) |
|
40,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net insurance claims26 ......... |
(4,572) |
|
(537) |
|
(15) |
|
- |
|
3 |
|
- |
|
(5,121) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income7 ........ |
16,039 |
|
6,740 |
|
10,834 |
|
1,543 |
|
3,232 |
|
(2,837) |
|
35,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan impairment charges and other credit risk provisions ...................... ...................... |
(6,317) |
|
(705) |
|
(500) |
|
- |
|
(1) |
|
- |
|
(7,523) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income ......... |
9,722 |
|
6,035 |
|
10,334 |
|
1,543 |
|
3,231 |
|
(2,837) |
|
28,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses ........ |
(9,009) |
|
(3,266) |
|
(4,947) |
|
(967) |
|
(2,759) |
|
2,837 |
|
(18,111) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit ............ |
713 |
|
2,769 |
|
5,387 |
|
576 |
|
472 |
|
- |
|
9,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of profit/(loss) in associates and joint ventures |
458 |
|
435 |
|
246 |
|
(20) |
|
68 |
|
- |
|
1,187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax ................ |
1,171 |
|
3,204 |
|
5,633 |
|
556 |
|
540 |
|
- |
|
11,104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
|
|
% |
|
Share of HSBC's profit before tax ................ |
10.5 |
|
28.9 |
|
50.7 |
|
5.0 |
|
4.9 |
|
|
|
100.0 |
|
Cost efficiency ratio .............. |
56.2 |
|
48.5 |
|
45.7 |
|
62.7 |
|
85.4 |
|
|
|
50.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet data23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
|
|
US$m |
|
Loans and advances to customers (net) .............. |
377,467 |
|
207,763 |
|
268,506 |
|
36,590 |
|
3,011 |
|
|
|
893,337 |
|
Total assets ....... |
507,088 |
|
264,077 |
|
1,777,643 |
|
108,499 |
|
189,153 |
|
(428,006) |
|
2,418,454 |
|
Customer accounts ........ |
488,249 |
|
263,616 |
|
290,674 |
|
104,025 |
|
757 |
|
|
|
1,147,321 |
Profit/(loss) before tax (continued)
|
|
Half-year to 30 June 2009 |
||||||||||||
|
Total |
Personal Financial Services US$m |
|
Commercial Banking US$m |
|
Global Banking & Markets US$m |
|
Private Banking US$m |
|
Other22 US$m |
|
Inter- segment elimination35 US$m |
|
Total US$m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/ (expense) ...... |
12,650 |
|
3,809 |
|
4,667 |
|
784 |
|
(551) |
|
(821) |
|
20,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net fee income . |
4,045 |
|
1,749 |
|
1,968 |
|
602 |
|
64 |
|
- |
|
8,428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading income excluding net interest income .......... |
450 |
|
183 |
|
3,422 |
|
154 |
|
92 |
|
- |
|
4,301 |
|
Net interest income on trading activities ....... |
39 |
|
11 |
|
1,056 |
|
9 |
|
18 |
|
821 |
|
1,954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net trading income25 ....... |
489 |
|
194 |
|
4,478 |
|
163 |
|
110 |
|
821 |
|
6,255 |
|
Net income/(expense) from financial instruments designated at fair value ....... |
744 |
|
(17) |
|
329 |
|
- |
|
(2,579) |
|
- |
|
(1,523) |
|
Gains less losses from financial investments ... |
195 |
|
25 |
|
158 |
|
(2) |
|
(53) |
|
- |
|
323 |
|
Dividend income ...................... |
17 |
|
3 |
|
23 |
|
2 |
|
12 |
|
- |
|
57 |
|
Net earned insurance premiums ...... |
4,585 |
|
390 |
|
40 |
|
- |
|
(3) |
|
- |
|
5,012 |
|
Other operating income .......... |
302 |
|
519 |
|
603 |
|
40 |
|
2,172 |
|
(2,478) |
|
1,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income/ (expense) ...... |
23,027 |
|
6,672 |
|
12,266 |
|
1,589 |
|
(828) |
|
(2,478) |
|
40,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net insurance claims26 ......... |
(5,144) |
|
(328) |
|
(35) |
|
- |
|
- |
|
- |
|
(5,507) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income/ (expense)7 ..... |
17,883 |
|
6,344 |
|
12,231 |
|
1,589 |
|
(828) |
|
(2,478) |
|
34,741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan impairment charges and other credit risk provisions ...................... ...................... |
(10,673) |
|
(1,509) |
|
(1,732) |
|
(14) |
|
(3) |
|
- |
|
(13,931) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income/ (expense) ...... |
7,210 |
|
4,835 |
|
10,499 |
|
1,575 |
|
(831) |
|
(2,478) |
|
20,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses ........ |
(8,774) |
|
(2,740) |
|
(4,405) |
|
(949) |
|
(2,268) |
|
2,478 |
|
(16,658) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/(loss) ... |
(1,564) |
|
2,095 |
|
6,094 |
|
626 |
|
(3,099) |
|
- |
|
4,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of profit in associates and joint ventures |
315 |
|
337 |
|
204 |
|
6 |
|
5 |
|
- |
|
867 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before tax ...... |
(1,249) |
|
2,432 |
|
6,298 |
|
632 |
|
(3,094) |
|
- |
|
5,019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
|
|
% |
|
Share of HSBC's profit before tax ................ |
(24.9) |
|
48.5 |
|
125.5 |
|
12.6 |
|
(61.7) |
|
|
|
100.0 |
|
Cost efficiency ratio .............. |
49.1 |
|
43.2 |
|
36.0 |
|
59.7 |
|
(273.9) |
|
|
|
47.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet data23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
|
|
US$m |
|
Loans and advances to customers (net) .............. |
400,692 |
|
198,903 |
|
287,328 |
|
34,282 |
|
3,478 |
|
|
|
924,683 |
|
Total assets ....... |
547,084 |
|
249,030 |
|
1,770,618 |
|
117,468 |
|
170,414 |
|
(432,771) |
|
2,421,843 |
|
Customer accounts ........ |
482,935 |
|
239,933 |
|
330,962 |
|
108,278 |
|
1,235 |
|
|
|
1,163,343 |
|
|
Half-year to 31 December 2009 |
||||||||||||
|
Total |
Personal Financial Services US$m |
|
Commercial Banking US$m |
|
Global Banking & Markets US$m |
|
Private Banking US$m |
|
Other22 US$m |
|
Inter- segment elimination35 US$m |
|
Total US$m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/ (expense) ...... |
12,457 |
|
4,074 |
|
3,943 |
|
690 |
|
(484) |
|
(488) |
|
20,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net fee income . ...................... |
4,193 |
|
1,953 |
|
2,395 |
|
634 |
|
61 |
|
- |
|
9,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading income excluding net interest income .......... |
187 |
|
149 |
|
1,279 |
|
168 |
|
152 |
|
- |
|
1,935 |
|
Net interest income on trading activities ....... |
26 |
|
11 |
|
1,118 |
|
13 |
|
17 |
|
488 |
|
1,673 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net trading income25 ....... |
213 |
|
160 |
|
2,397 |
|
181 |
|
169 |
|
488 |
|
3,608 |
|
Net income/(expense) from financial instruments designated at fair value ....... |
1,595 |
|
117 |
|
144 |
|
- |
|
(3,864) |
|
- |
|
(2,008) |
|
Gains less losses from financial investments ... |
29 |
|
(2) |
|
107 |
|
7 |
|
56 |
|
- |
|
197 |
|
Dividend income ...................... |
16 |
|
5 |
|
45 |
|
3 |
|
- |
|
- |
|
69 |
|
Net earned insurance premiums ...... |
4,949 |
|
496 |
|
14 |
|
- |
|
- |
|
- |
|
5,459 |
|
Other operating income .......... |
507 |
|
220 |
|
543 |
|
8 |
|
2,870 |
|
(2,518) |
|
1,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income/ (expense) ...... |
23,959 |
|
7,023 |
|
9,588 |
|
1,523 |
|
(1,192) |
|
(2,518) |
|
38,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net insurance claims26 ......... |
(6,427) |
|
(514) |
|
1 |
|
- |
|
(3) |
|
- |
|
(6,943) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income/ (expense)7 ..... |
17,532 |
|
6,509 |
|
9,589 |
|
1,523 |
|
(1,195) |
|
(2,518) |
|
31,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan impairment charges and other credit risk provisions ...................... ...................... |
(9,229) |
|
(1,773) |
|
(1,436) |
|
(114) |
|
(5) |
|
- |
|
(12,557) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income/ (expense) ...... |
8,303 |
|
4,736 |
|
8,153 |
|
1,409 |
|
(1,200) |
|
(2,518) |
|
18,883 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses ........ |
(9,518) |
|
(3,223) |
|
(4,132) |
|
(935) |
|
(2,447) |
|
2,518 |
|
(17,737) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit/(loss) ... |
(1,215) |
|
1,513 |
|
4,021 |
|
474 |
|
(3,647) |
|
- |
|
1,146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share of profit in associates and joint ventures |
399 |
|
330 |
|
162 |
|
2 |
|
21 |
|
- |
|
914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before tax ...... |
(816) |
|
1,843 |
|
4,183 |
|
476 |
|
(3,626) |
|
- |
|
2,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
|
|
% |
|
Share of HSBC's profit before tax ...... |
(39.6) |
|
89.5 |
|
203.0 |
|
23.1 |
|
(176.0) |
|
|
|
100.0 |
|
Cost efficiency ratio .............. |
54.3 |
|
49.5 |
|
43.1 |
|
61.4 |
|
(204.8) |
|
|
|
56.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet data23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
For footnotes, see page 95.
Related Shares:
HSBC Holdings