HSBC 2006 Annual Report Download - page 155

153
Year ended 31 December
2006 2005 2004
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 %
Total interest-bearing liabilities
Europe HSBC Bank ...................
.
331,148 11,788 3.56 278,131 9,087 3.27 253,275 6,371 2.52
HSBC Private Banking
Holdings (Suisse) ......
.
29,921 1,257 4.20 25,041 772 3.08 21,290 442 2.08
HSBC France ................
.
80,044 2,759 3.45 71,115 1,732 2.44 80,601 2,136 2.65
HSBC Finance ...............
.
4,759 251 5.27 8,667 470 5.42 8,152 421 5.16
Hong Kong Hang Seng Bank ............
.
59,298 1,924 3.24 56,087 1,024 1.83 54,056 357 0.66
The Hongkong and
Shanghai Banking
Corporation ...............
.
115,326 3,424 2.97 105,907 1,659 1.57 117,404 1,038 0.88
Rest of
Asia-Pacific
The Hongkong and
Shanghai Banking
Corporation ...............
.
84,451 3,216 3.81 74,218 2,236 3.01 64,415 1,443 2.24
HSBC Bank Malaysia ...
.
8,146 243 2.98 7,070 182 2.57 6,298 163 2.59
HSBC Bank Middle
East ............................
.
13,212 497 3.76 10,351 289 2.79 7,489 103 1.38
North America HSBC Bank USA ..........
.
117,416 5,432 4.63 105,339 4,088 3.88 80,389 1,454 1.81
HSBC Finance ...............
.
142,270 6,924 4.87 116,164 4,933 4.25 112,973 2,964 2.62
HSBC Bank Canada ......
.
38,547 1,354 3.51 31,380 789 2.51 25,516 544 2.13
HSBC Markets Inc ........
.
2,883 88 3.05 4,718 121 2.56 28,563 701 2.45
Latin America HSBC Mexico ...............
.
14,790 552 3.73 15,165 573 3.78 15,832 574 3.63
Brazilian operations1 .....
.
17,437 2,332 13.37 14,810 2,137 14.43 7,626 1,010 13.24
HSBC Bank Argentina ..
.
1,134 56 4.94 1,056 41 3.88 1,453 46 3.17
Other operations ...........................................
.
6,864 (703) (17,224) (1,373) (6,174) (396)
1,067,646 41,393 3.88 907,995 28,760 3.17 879,158 19,371 2.20
Summary
Total interest-margin liabilities ....................
.
1,067,646 41,393 3.88 907,995 28,760 3.17 879,158 19,371 2.20
Trading liabilities...........................................
.
224,050 9,842 4.39 211,059 5,024 2.38
Financial liabilities designated at fair value
(excluding own debt issued) ....................
.
12,537 9,787
Non-interest-bearing current accounts .........
.
71,744 65,509 56,043
Total equity and other non-interest-bearing
liabilities .......................................................
.
313,590 307,590 314,140
Total equity and liabilities ............................
.
1,689,567 51,235 3.03 1,501,940 33,784 2.25 1,249,341 19,371 1.55
Net interest margin
Year ended 31 December
2006 2005 2004
% % %
Europe HSBC Bank ................................................................... 2.09 2.08 2.41
HSBC Private Banking Holdings (Suisse) .................... 1.15 1.03 0.82
HSBC France ................................................................. 0.80 1.30 1.44
HSBC Finance ............................................................... 5.92 5.79 6.99
Hong Kong Hang Seng Bank ............................................................ 2.43 2.19 2.08
The Hongkong and Shanghai Banking Corporation ..... 2.29 2.20 1.74
Rest of Asia-Pacific The Hongkong and Shanghai Banking Corporation ..... 2.16 2.00 1.96
HSBC Bank Malaysia ................................................... 3.22 2.80 2.56
HSBC Bank Middle East .............................................. 3.76 3.46 3.69
North America HSBC Bank USA .......................................................... 1.95 2.31 2.90
HSBC Finance ............................................................... 6.84 6.97 8.74
HSBC Bank Canada ...................................................... 2.36 2.40 2.41
Latin America HSBC Mexico ............................................................... 7.92 7.65 5.82
Brazilian operations1 ..................................................... 11.78 11.44 13.29
HSBC Bank Argentina .................................................. 7.24 7.87 5.18
Other operations (including consolidation adjustments) ................................... 0.04 0.20 0.03
3.10
3.14 3.19
For footnotes, see page 156.