HSBC 2004 Annual Report Download - page 129

127
Year ended 31 December
2004 2003 2002
Liabilities and shareholders’ funds
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 %
Deposits by banks1
Europe HSBC Bank ...................... 27,687 415 1.50 19,898 404 2.03 18,259 376 2.06
HSBC Private Banking
Holdings (Suisse) .......... 1,446 27 1.87 1,865 28 1.50 1,976 60 3.04
CCF .................................. 22,161 525 2.37 12,594 398 3.16 13,456 596 4.43
HSBC Finance
Corporation2 .................. 243 2 0.82 734 31 4.22 –––
Hong Kong Hang Seng Bank ............... 685 14 2.04 161 2 1.24 83 1 1.20
The Hongkong and
Shanghai Banking
Corporation .................. 3,139 39 1.24 2,358 28 1.19 2,066 35 1.69
Rest of Asia-
Pacific
The Hongkong and
Shanghai Banking
Corporation .................. 3,505 95 2.71 2,599 81 3.12 2,683 103 3.84
HSBC Bank Malaysia ....... 98 2 2.04 121 3 2.48 113 3 2.65
HSBC Bank Middle East .. 1,104 23 2.08 764 16 2.09 531 15 2.82
North America HSBC Bank USA ............. 3,833 74 1.93 3,915 39 1.00 4,216 46 1.09
HSBC Bank Canada ......... 392 8 2.04 501 11 2.20 679 26 3.83
HSBC Markets Inc ........... 4,367 76 1.74 2,191 22 1.00 3,190 44 1.38
HSBC Mexico2 ................. 914 48 5.25 1,039 59 5.68 213 11 5.16
South America Brazilian operations .......... 914 57 6.24 527 93 17.65 693 79 11.40
HSBC Bank Argentina ..... 140 8 5.71 176 14 7.95 164 69 42.07
Other operations .......................................... 6,201 128 2.06 5,346 80 1.50 4,772 122 2.56
76,829 1,541 2.01 54,789 1,309 2.39 53,094 1,586 2.99
Customer accounts1
Europe HSBC Bank ...................... 170,262 4,010 2.36 134,421 2,741 2.04 106,301 2,551 2.40
HSBC Private Banking
Holdings (Suisse) ......... 17,339 377 2.17 19,238 401 2.08 20,476 549 2.68
CCF .................................. 22,072 575 2.61 17,435 606 3.48 11,841 593 5.01
HSBC Finance
Corporation2 .................. 87 2 2.30 412 28 6.80 –––
Hong Kong Hang Seng Bank ............... 50,948 291 0.57 49,492 289 0.58 48,074 448 0.93
The Hongkong and
Shanghai Banking
Corporation .................. 92,586 392 0.42 86,836 379 0.44 82,535 616 0.75
Rest of Asia-
Pacific
The Hongkong and
Shanghai Banking
Corporation .................. 42,625 891 2.09 35,933 719 2.00 29,965 705 2.35
HSBC Bank Malaysia ....... 5,744 151 2.63 4,796 142 2.96 4,347 131 3.01
HSBC Bank Middle East .. 5,978 60 1.00 5,863 61 1.04 6,176 106 1.72
North America HSBC Bank USA ............. 52,813 680 1.29 44,986 553 1.23 45,438 860 1.89
HSBC Bank Canada ......... 18,192 351 1.93 15,775 326 2.07 13,708 257 1.87
HSBC Markets Inc ........... 11,544 165 1.43 4,915 52 1.06 6,972 112 1.61
HSBC Mexico2 ................. 11,157 377 3.38 11,542 408 3.53 1,032 51 4.94
South America Brazilian operations .......... 5,786 842 14.55 3,888 755 19.42 3,066 491 16.01
HSBC Bank Argentina ..... 898 27 3.01 778 57 7.33 757 217 28.67
Other operations .......................................... 44,054 741 1.68 29,130 510 1.75 25,917 653 2.52
552,085 9,932 1.80 465,440 8,027 1.72 406,605 8,340 2.05
1 Further analysis is given on pages 180 and 181.
2 Costs annualised on the basis of the period of ownership in the year of acquisition.