HSBC 2008 Annual Report Download - page 52

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Financial summary > Balance sheet > Changes in NII
50
Analysis of changes in net interest income
The following table allocates changes in net interest income between volume and rate for 2008 compared with 2007,
and for 2007 compared with 2006.
Interest income
Increase/(decrease)
in 2008 compared
with 2007
Increase/(decrease)
in 2007 compared
with 2006
2008 Volume Rate 2007 Volume Rate 2006
US$m US$m US$m US$m US$m US$m US$m
Short-term funds and loans and advances to banks
Europe HSBC Bank .................................
2,187 (166) (239) 2,592 729 327 1,536
HSBC Private Banking
Holdings (Suisse) .................... 333 119 (15) 229 13 26 190
HSBC France ..............................
1,495 173 28 1,294 390 214 690
Hong Kong Hang Seng Bank .......................... 587 203 (225) 609 126 – 483
The Hongkong and Shanghai
Banking Corporation .............. 1,344 (139) (869) 2,352 484 223 1,645
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation .............. 881 362 (291) 810 229 61 520
HSBC Bank Malaysia ................. 165 65 (3) 103 13 3 87
HSBC Bank Middle East ............ 188 (15) (121) 324 100 16 208
North America HSBC Bank USA ........................ 328 10 (159) 477 54 (42) 465
HSBC Bank Canada .................... 107 (21) (46) 174 28 8 138
Latin America HSBC Mexico ............................. 247 9 (1) 239 11 1 227
Brazilian operations9 ................... 951 242 64 645 230 (157) 572
HSBC Bank Panama ................... 30 9 (12) 33 24 – 9
HSBC Bank Argentina ................ 43 16 11 16 4 4 8
Other operations ......................................................... 760 43 (181) 898 89 191 618
9,646 915 (2,064) 10,795 2,561 838 7,396
Loans and advances to customers
Europe HSBC Bank .................................
18,587 3,885 (3,376) 18,078 669 3,243 14,166
HSBC Private Banking
Holdings (Suisse) .................... 494 132 (145) 507 127 42 338
HSBC France ..............................
3,604 257 128
3,219 699 57 2,463
HSBC Finance ............................. 505 (76) (30) 611 (50) (10) 671
Hong Kong Hang Seng Bank .......................... 1,589 251 (782) 2,120 193 (25) 1,952
The Hongkong and Shanghai
Banking Corporation .............. 2,291 392 (1,002) 2,901 51 7 2,843
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation .............. 5,163 1,345 (503) 4,321 471 401 3,449
HSBC Bank Malaysia ................. 553 64 (18) 507 80 (3) 430
HSBC Bank Middle East ............ 1,549 680 (331) 1,200 178 65 957
North America HSBC Bank USA ........................ 5,758 219 (1,046) 6,585 106 338 6,141
HSBC Finance ............................. 15,835 (1,495) (756) 18,086 732 293 17,061
HSBC Bank Canada .................... 2,455 284 (427) 2,598 495 66 2,037
Latin America HSBC Mexico ............................. 2,565 104 274 2,187 380 275 1,532
Brazilian operations9 ................... 4,879 1,744 (760) 3,895 1,409 (758) 3,244
HSBC Bank Panama ................... 810 49 (17) 778 686 – 92
HSBC Bank Argentina ................ 378 68 69 241 106 28 107
Other operations ......................................................... 1,707 564 (647) 1,790 118 144
1,528
68,722 8,887 (9,789) 69,624 5,891 4,722 59,011
For footnotes, see page 143.