HSBC 2002 Annual Report Download - page 108

HSBC HOLDINGS PLC
Financial Review (continued)
106
Year ended
31 December 2002
Year ended
31 December 2001
Year ended
31 December 2000
Average
balance
Interest
Expense Cost
Average
Balance
Interest
expense Cost
Average
Balance
Interest
expense Cost
Liabilities and shareholders’ funds
(continued) US$m US$m % US$m US$m % US$m US$m %
CDs and other money market instruments #
Europe HSBC Bank plc................. 2,088 83 3.98 1,257 65 5.17 1,284 79 6.15
HSBC Private Banking
Holdings........................
–
–
–
––––––
CCF................................... 4,856 201 4.14 5,547 262 4.72 2,489 136 5.46
Hong Kong Hang Seng Bank................ 2,150 65 3.02 2,040 94 4.61 2,195 147 6.71
The Hongkong and
Shanghai Banking
Corporation Limited...... 5,331 258 4.84 3,851 242 6.28 3,933 291 7.39
Rest of Asia-
Pacific
The Hongkong and
Shanghai Banking
Corporation Limited...... 1,659 69 4.16 1,298 67 5.16 1,397 82 5.87
HSBC Bank Malaysia
Berhad........................... 148 7 4.73 121 6 4.96 175 8 4.29
HSBC Bank Middle East...
–
–
–
––––––
North America HSBC USA Inc ................. 2,286 62 2.71 2,030 92 4.53 2,192 72 3.28
HSBC Bank Canada ......... 2,168 56 2.58 2,193 104 4.74 1,589 91 5.73
South America HSBC Bank Brasil ............ 53 14 26.42 29 4 13.79 53 5 9.43
HSBC Bank
Argentina S.A. ............... 105 7 6.67 284 21 7.39 113 10 8.85
Other operations............................................ 1,081 38 3.52 475 3 0.63 539 22 4.17
21,925 860 3.92 19,125 960 5.02 15,959 943 5.91
Loan capital
Europe HSBC Bank plc............... 7,053 463 6.56 10,136 625 6.17 9,445 668 7.07
HSBC Private Banking
Holdings..........................
–
–
–
–––9188.79
CCF................................. 3,941 164 4.16 2,939 163 5.55 1,093 58 5.31
Hong Kong The Hongkong and
Shanghai Banking
Corporation Limited........ 1,786 83 4.65 1,805 99 5.48 1,820 121 6.64
Rest of Asia-
Pacific
The Hongkong and
Shanghai Banking
Corporation Limited........ 151 12 7.95 47 6 12.77 107 13 12.15
North America HSBC USA Inc ............... 3,396 214 6.30 3,969 280 7.05 5,271 462 8.76
HSBC Bank Canada........ 1,014 65 6.41 1,272 80 6.29 1,628 107 6.57
South America HSBC Bank Brasil .......... 271 44 16.24 208 11 5.29 72 8 11.11
HSBC Bank
Argentina S.A............... 319 62 19.44 245 24 9.80 281 27 9.61
Other operations.......................................... 7,167 169 2.36 5,952 264 4.44 4,771 322 6.75
25,098 1,276 5.08 26,573 1,552 5.84 24,579 1,794 7.30
#Further analysis is given on page 147.