HSBC 2015 Annual Report Download - page 74

Report of the Directors: Global businesses (continued)
GPB / Other
HSBC HOLDINGS PLC
72
Global Private Banking
GPB serves high net worth individuals and
families with complex and international
needs within the Group’s priority markets.
2015 2014 2013
$m $m $m
Net interest income 870 994 1,146
Net fee income 959 1,056 1,150
Other income33 343 327 143
Net operating income1 2,172 2,377 2,439
LICs34 (12) 8 (31)
Net operating income 2,160 2,385 2,408
Total operating expenses (1,832) (1,778) (2,229)
Operating profit 328 607 179
Income from associates35 16 19 14
Profit before tax 344 626 193
RoRWA24 1.7% 2.9% 0.9%
Reported client assets43
2015 2014
$bn $bn
At 1 January 365 382
Net new money 1 (3)
Of which: areas targeted for growth 14 14
Value change 1 8
Disposals
–
(11)
Exchange and other (18) (11)
At 31 December 349 365
Reported client assets by geography
2015 2014
$bn $bn
Europe 168 179
Asia 112 112
North America 61 63
Latin America 8 11
At 31 December 349 365
For footnotes, see page 99.
Profit before tax ($m)
Revenue ($m)
Operating expenses ($m)
For details of significant items, see page 66.
344
626
175 519 (35)
112 703
2015 2014
2,172
2,377
(31)
2,141
(138)
41 2,280
2015 2014
1,832 1,778
(206)
1,626
(100) (71)
1,607
2015 2014
Reported Currency translation Adjusted
Significant items