HSBC 2008 Annual Report Download - page 54

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Financial summary > Balance sheet > Changes in NII / Share capital and reserves
52
Interest expense (continued)
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
Customer accounts
Europe HSBC Bank ............................... 10,092 1,355 (1,839) 10,576 1,577 1,968 7,031
HSBC Private Banking
Holdings (Suisse) .................. 1,349 328 (464) 1,485 237 179 1,069
HSBC France ............................. 1,583 292 65 1,226 264 210 752
Hong Kong Hang Seng Bank ........................ 914 152 (1,138) 1,900 219 (31) 1,712
The Hongkong and Shanghai
Banking Corporation ............. 1,365 382 (2,516) 3,499 591 (26) 2,934
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation ............. 2,869 711 (487) 2,645 646 96 1,903
HSBC Bank Malaysia ............... 295 43 (8) 260 46 2 212
HSBC Bank Middle East .......... 422 156 (312) 578 139 28 411
North America HSBC Bank USA ...................... 2,069 334 (1,316) 3,051 249 312 2,490
HSBC Bank Canada .................. 967 146 (269) 1,090 152 134 804
Latin America HSBC Mexico ........................... 561 15 (2) 548 21 56 471
Brazilian operations9 ................. 3,110 741 206 2,163 648 (541) 2,056
HSBC Bank Panama ................. 296 6 (24) 314 280 – 34
HSBC Bank Argentina .............. 145 17 43 85 38 6 41
Other operations ...................................................... 1,952 369 (714) 2,297 200 286
1,811
27,989 4,710 (8,438) 31,717 5,098 2,888
23,731
Financial liabilities designated at fair value –
own debt issued 3,133 304 (739) 3,568 196 212
3,160
Debt securities in issue
Europe HSBC Bank ............................... 4,001 1,290 (1,042) 3,753 816 890 2,047
HSBC France ............................. 1,447 86 154 1,207 285 289 633
HSBC Finance ........................... 8 (2) (8) 18 (18) 4 32
Hong Kong Hang Seng Bank ........................ 57 (2) (21) 80 4 12 64
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation ............. 640 1 80 559 54 67 438
HSBC Bank Malaysia ................ 20 6 1 13 (2) 2 13
HSBC Bank Middle East .......... 90 32 (61) 119 119 – –
North America HSBC Bank USA ...................... 852 (182) (198) 1,232 (152) (23) 1,407
HSBC Finance ........................... 3,765 (802) (744) 5,311 142 122 5,047
HSBC Bank Canada .................. 604 95 (131) 640 180 – 460
Latin America HSBC Mexico ........................... 243 148 (15) 110 83 4 23
Brazilian operations9 ................. 156 36 5 115 72 (27) 70
HSBC Bank Panama ................. 33 (4) (8) 45 43 – 2
HSBC Bank Argentina .............. – – – – – – –
Other operations ...................................................... 66 (14) 93 (13) 119 (240) 108
11,982 (723) (1,930) 13,189 1,777 1,068 10,344