HSBC 2006 Annual Report Download - page 158

HSBC HOLDINGS PLC
Report of the Directors: Financial Review (continued)
Other financial information > Changes in net interest income / Share capital and reserves
156
Interest expense
2006 compared with 2005
Increase/(decrease)
2005 compared with 2004
Increase/(decrease)
2006 Volume Rate 2005 Volume Rate 2004
US$m US$m US$m US$m US$m US$m US$m
Customer accounts
Europe HSBC Bank ................................. 7,031 987 685
5,359 411 962 3,986
HSBC Private Banking
Holdings (Suisse) .................... 1,069 170 277 622 56 189 377
HSBC France .............................. 752 (24) 165
611 64 (28) 575
Hong Kong Hang Seng Bank .......................... 1,712 48 790
874 3 581 290
The Hongkong and Shanghai
Banking Corporation .............. 2,934 123 1,489
1,322 12 918 392
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation .............. 1,903 205 405
1,293 133 269 891
HSBC Bank Malaysia ................. 212 29 26
157 10 (4) 151
HSBC Bank Middle East ............ 411 72 132
207 27 120 60
North America HSBC Bank USA ........................ 2,490 233 872
1,385 103 602 680
HSBC Bank Canada .................... 804 80 249
475 66 58 351
Latin America HSBC Mexico ............................. 471 122 161 188 (97) (92) 377
Brazilian operations1 ................... 2,056 706 (509) 1,859 728 289 842
HSBC Bank Argentina ................ 41 2 11
28 – 1 27
Other operations ........................................................ 1,845 171 401
1,273 (190) 545 918
23,731 2,442 5,636
15,653 670 5,066 9,917
Financial liabilities designated at fair value –
own debt issued 3,160 227 896 2,037
Debt securities in issue
Europe HSBC Bank ................................. 2,047 1,095 (865) 1,817 96 618 1,103
HSBC France .............................. 633 122 197 314 (53) (67) 434
HSBC Finance ............................. 32 (64) 19 77 (9) (77) 163
Hong Kong Hang Seng Bank .......................... 64 3 8
53 6 17 30
The Hongkong and Shanghai
Banking Corporation .............. – – – – (437) – 437
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation .............. 438 71 52
315 52 34 229
HSBC Bank Malaysia .................. 13 (6) 3
16 10 (2) 8
North America HSBC Bank USA ........................ 1,407 138 196
1,073 487 210 376
HSBC Finance ............................. 5,047 1,633 15 3,399 (689) 1,337 2,751
HSBC Bank Canada .................... 460 89 103
268 54 49 165
Latin America HSBC Mexico ............................. 23 (270) 8 285 38 113 134
Brazilian operations1 ................... 70 50 (47) 67 7 (5) 65
HSBC Bank Argentina ................ – (1) – 1 (6) – 7
Other operations ........................................................ 110 (49) 69 90 (146) 2 234
10,344 2,508 61 7,775 (857) 2,496 6,136
Footnotes to ‘Average balance sheet and net interest income’ and ‘Analysis of changes in net
interest income’.
1 Brazilian operations comprise HSBC Bank Brasil S.A.-Banco Múltiplo and subsidiaries, plus HSBC Serviços e Participações Limitada.
2 Interest income on trading assets is reported as ‘Net trading income’ in the consolidated income statement in 2005 and 2006.
3 Interest income on financial assets designated at fair value is reported as ‘Net income from financial instruments designated at fair
value’ in the consolidated income statement.
4 This table analyses interest-bearing bank deposits only. See page 160 for an analysis of all bank deposits.
5 This table analyses interest-bearing customer accounts only. See page 161 for an analysis of all customer accounts.
6 Interest expense on financial liabilities designated at fair value is reported as ‘Net income on financial liabilities designated at fair
value’ in the consolidated income statement other than interest on own debt.