HSBC 2004 Annual Report Download - page 133

131
Analysis of changes in net interest income
The following table allocates changes in net interest
income between volume and rate for 2004 compared
with 2003, and for 2003 compared with 2002.
Changes due to a combination of volume and rate are
allocated to rate.
2004 compared with 2003
Increase/(decrease)
2003 compared with 2002
Increase/(decrease)
Interest income 2004 Volume Rate 2003 Volume Rate 2002
US$m US$m US$m US$m US$m US$m US$m
Short-term funds and loans to banks
Europe HSBC Bank ................................ 672 52
(
37
)
657 208
(
146
)
595
HSBC Private Banking Holdings
(Suisse) .................................. 89
(
17
)
31 75
(
55
)
(
14
)
144
CCF ............................................ 960 278 109 573 249
(
323
)
647
Hong Kong Hang Seng Bank ......................... 219
(
40
)
47 212
(
135
)
(
62
)
409
The Hongkong and Shanghai
Banking Corporation .............. 538 185
(
164
)
517 83
(
62
)
496
Rest of Asia-
Pacific
The Hongkong and Shanghai
Banking Corporation .............. 1984614 138 6
(
55
)
187
HSBC Bank Malaysia.................. 36 16 3 17 4
(
2
)
15
HSBC Bank Middle East ............ 29
(
5
)
529 1
(
11
)
39
North America HSBC Bank USA ....................... 56 10 11 35
(
12
)
(
16
)
63
HSBC Bank Canada ................... 4586 31 8
(
3
)
26
HSBC Markets Inc ..................... 91 42 29 20
(
16
)
(
12
)
48
HSBC Mexico ............................ 227
(
22
)
35 214 287
(
105
)
32
South America Brazilian operations .................... 237 140
(
145
)
2422936 177
HSBC Bank Argentina ............... 3–1 2 6 (18) 14
Other operations .................................................... 237 88
(
10
)
159
(
52
)
(
117
)
328
3,637 802
(
86
)
2,921 285
(
584
)
3,220
Loans and advances to customers
Europe HSBC Bank ................................ 9,298 1,967 592 6,739 1,375
(
501
)
5,865
HSBC Private Banking Holdings
(Suisse) ................................... 115 31 5 79 14
(
16
)
81
CCF ............................................ 1,892 238
(
243
)
1,897 475
(
235
)
1,657
HSBC Finance Corporation ........ 1,055 382 2 671 671
–
–
Hong Kong Hang Seng Bank ......................... 882 67
(
123
)
938 12
(
157
)
1,083
The Hongkong and Shanghai
Banking Corporation ................ 1,406 14
(
125
)
1,517 109
(
305
)
1,713
Rest of Asia-
Pacific
The Hongkong and Shanghai
Banking Corporation ................ 1,838 432
(
51
)
1,457 320
(
147
)
1,284
HSBC Bank Malaysia.................. 279 22
(
9
)
266 20
(
5
)
251
HSBC Bank Middle East ............ 418 104
(
38
)
352 34
(
48
)
366
North America HSBC Bank USA ....................... 2,936 786
(
106
)
2,256 88
(
251
)
2,419
HSBC Finance Corporation ........ 13,146 3,817
(
302
)
9,631 9,631
–
–
HSBC Bank Canada ................... 1,099 199
(
82
)
982 169
(
22
)
835
HSBC Markets Inc ..................... 1263963 24
(
70
)
(
21
)
115
HSBC Mexico ............................ 878
(
95
)
111 862 915
(
155
)
102
South America Brazilian operations .................... 1,569 651
(
126
)
1,044 125 98 821
HSBC Bank Argentina .............. 101 15
(
17
)
103
(
28
)
(
130
)
261
Other operations .................................................... 864 4 233 627 173
(
217
)
671
37,902 7,483 974 29,445 13,240
(
1,319
)
17,524