HSBC 2008 Annual Report Download - page 48

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Financial summary > Balance sheet > Average balance sheet and NII
46
Total equity and liabilities
2008 2007 2006
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 %
Summary
Total interest-bearing liabilities (itemised
below) ..................................................... 1,451,842 48,738 3.36 1,279,460 54,564 4.26 1,067,646 41,393 3.88
Trading liabilities ........................................ 277,940 11,029 3.97 250,572 12,186 4.86 224,050 9,842 4.39
Financial liabilities designated at fair value
(excluding own debt issued) .................. 21,266 345 1.62 20,827 224 1.07 12,537 13 0.10
Non-interest-bearing current accounts ....... 98,193 83,958 71,744
Total equity and other non-interest-bearing
liabilities ................................................. 659,747 477,133 313,590
Total equity and liabilities .......................... 2,508,988 60,112 2.40 2,111,950 66,974 3.17 1,689,567 51,248 3.03
Deposits by banks10
Europe HSBC Bank ..................... 48,167 1,875 3.89 44,787 2,148 4.80 32,825 1,311 3.99
HSBC Private Banking
Holdings (Suisse) ........ 4,493 105 2.34 690 22 3.19
1,030 33 3.20
HSBC France .................. 37,851 1,672 4.42 30,816 1,358 4.41 23,171 886 3.82
Hong Kong Hang Seng Bank .............. 1,696 55 3.24 2,993 123 4.11 2,031 84 4.14
The Hongkong and
Shanghai Banking
Corporation ................. 3,665 70 1.91 3,634 150 4.13
2,745 125 4.55
Rest of
Asia-Pacific
The Hongkong and
Shanghai Banking
Corporation ................. 16,232 450 2.77 10,247 445 4.34
6,276 246 3.92
HSBC Bank Malaysia ..... 338 10 2.96 375 12 3.20 280 9 3.21
HSBC Bank Middle East 1,680 29 1.73 672 32 4.76 453 23 5.08
North America HSBC Bank USA ............ 11,015 220 2.00 6,933 414 5.97 3,695 208 5.63
HSBC Bank Canada ........ 1,391 41 2.95 1,681 93 5.53 1,520 68 4.47
Latin America HSBC Mexico ................. 822 32 3.89 983 63 6.41 781 50 6.40
Brazilian operations9 ....... 2,790 190 6.81 1,549 106 6.84 1,033 101 9.78
HSBC Bank Panama ....... 1,016 43 4.23 1,137 66 5.80 349 17 4.87
HSBC Bank Argentina .... 27 1 3.70 117 9 7.69 72 5 6.94
Other operations .......................................... 4,564 166 3.64 4,495 291 6.47
5,304 334 6.30
135,747 4,959 3.65 111,109 5,332 4.80 81,565 3,500 4.29
Financial liabilities designated at fair
value – own debt issued11
Europe HSBC Holdings ............... 18,675 721 3.86 15,142 822 5.43 15,132 745 4.92
HSBC Bank ..................... 8,805 529 6.01 9,907 525 5.30 7,888 373 4.73
HSBC France .................. 1,515 79 5.21 143 11 7.69
Hong Kong Hang Seng Bank .............. 127 6 4.72 126 6 4.76
North America HSBC Bank USA ............ 1,504 67 4.45 1,620 125 7.72 1,892 116 6.13
HSBC Finance ................. 32,126 1,563 4.87 31,889 2,079 6.52 29,917 1,877 6.27
Other operations .......................................... 1,083 168 15.51 –– –
461 49 10.63
63,835 3,133 4.91 58,827 3,568 6.07 55,290 3,160 5.72
For footnotes, see page 143.