HSBC 2008 Annual Report Download - page 50

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Financial summary > Balance sheet > Average balance sheet and NII
48
Total equity and liabilities (continued)
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 %
Other interest-bearing liabilities
Europe HSBC Bank ..................... 38,906 1,134 2.91 22,035 1,302 5.91 23,196 1,026 4.42
HSBC Private Banking
Holdings (Suisse) ........ 4,203 135 3.21 3,427 163 4.76 3,545 155 4.37
HSBC France .................. 33,920 1,361 4.01 27,830 979 3.52 13,476 488 3.62
HSBC Finance ................. 3,712 191 5.15 4,557 227 4.98 4,211 219 5.20
Hong Kong Hang Seng Bank .............. 1,258 41 3.26 2,278 114 5.00 1,378 64 4.64
The Hongkong and
Shanghai Banking
Corporation ................. 10,557 288 2.73 9,866 535 5.42 8,140 365 4.48
Rest of
Asia-Pacific
The Hongkong and
Shanghai Banking
Corporation ................. 23,685 466 1.97 12,631 580 4.59 13,425 629 4.69
HSBC Bank Malaysia ..... 338 7 2.07 232 6 2.59 235 9 3.83
HSBC Bank Middle East 1,918 89 4.64 1,168 81 6.93 1,046 63 6.02
North America HSBC Bank USA ............ 10,490 468 4.46 13,602 587 4.32 11,966 1,211 10.12
HSBC Finance ................. 4,670 141 3.02 1,941 113 5.82 542 18 3.32
HSBC Bank Canada ........ 1,306 19 1.45 1,151 27 2.35 1,134 22 1.94
HSBC Markets Inc .......... 10,349 78 0.75 8,889 255 2.87 2,883 88 3.05
Latin America HSBC Mexico ................. 187 20 10.70 207 16 7.73 135 8 5.93
Brazilian operations9 ....... 2,340 207 8.85 1,103 182 16.50 817 105 12.85
HSBC Bank Panama ....... 917 3 0.33 574 9 1.57 – – –
HSBC Bank Argentina .... 92 6 6.52 95 4 4.21 79 10 12.66
Other operations .......................................... (134,269) (3,979) (101,874) (4,422) (68,873) (3,822)
14,579 675 4.63 9,712 758 7.80 17,335 658 3.80
Total interest-bearing liabilities
Europe HSBC Bank ..................... 487,796 17,631 3.61 411,862 18,304 4.44 331,148 11,788 3.56
HSBC Private Banking
Holdings (Suisse) ........ 46,474 1,589 3.42 35,072 1,670 4.76 29,921 1,257 4.20
HSBC France .................. 143,529 6,142 4.28 119,391 4,781 4.00 80,044 2,759 3.45
HSBC Finance ................. 3,927 199 5.07 4,797 245 5.11 4,759 251 5.27
Hong Kong Hang Seng Bank .............. 70,908 1,073 1.51 68,358 2,223 3.25 59,298 1,924 3.24
The Hongkong and
Shanghai Banking
Corporation ................. 153,391 1,723 1.12 138,978 4,184 3.01 115,326 3,424 2.97
Rest of
Asia-Pacific
The Hongkong and
Shanghai Banking
Corporation ................. 145,388 4,425 3.04 107,909 4,229 3.92 84,451 3,216 3.81
HSBC Bank Malaysia ..... 11,417 332 2.91 9,748 291 2.99 8,146 243 2.98
HSBC Bank Middle East 26,170 630 2.41 19,611 810 4.13 13,212 497 3.76
North America HSBC Bank USA ............ 131,632 3,676 2.79 126,017 5,409 4.29 117,416 5,432 4.63
HSBC Finance ................. 134,892 5,469 4.05 149,350 7,503 5.02 142,812 6,942 4.86
HSBC Bank Canada ........ 53,744 1,631 3.03 47,663 1,850 3.88 38,547 1,354 3.51
HSBC Markets Inc .......... 10,349 78 0.75 8,889 255 2.87 2,883 88 3.05
Latin America HSBC Mexico ................. 18,314 856 4.67 16,567 737 4.45 14,790 552 3.73
Brazilian operations9 ....... 33,277 3,663 11.01 23,650 2,566 10.85 17,437 2,332 13.37
HSBC Bank Panama ....... 10,250 375 3.66 9,922 434 4.37 1,383 53 3.83
HSBC Bank Argentina .... 2,387 152 6.37 2,116 98 4.63 1,134 56 4.94
Other operations .......................................... (32,003) (906) (20,440) (1,025) 4,939 (775)
1,451,842 48,738 3.36 1,279,460 54,564 4.26 1,067,646 41,393 3.88
For footnotes, see page 143.