HSBC 2009 Annual Report Download - page 54

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Financial summary > Balance sheet > Net interest margin / Average asset distribution / Changes in net interest income and expense
52
Net interest margin39
2009 2008 2007
% % %
Europe HSBC Bank ........................................................................ 2.35
1.71
1.58
HSBC Private Banking Holdings (Suisse) ......................... 1.30
1.24
1.10
HSBC France ...................................................................... 0.68
0.26
0.54
HSBC Finance .................................................................... 8.40
6.36
6.66
Hong Kong Hang Seng Bank ................................................................. 2.11
2.59
2.54
The Hongkong and Shanghai Banking Corporation .......... 1.52
2.27
2.27
Rest of Asia-Pacific27 The Hongkong and Shanghai Banking Corporation .......... 2.15
2.15
2.25
HSBC Bank Malaysia ........................................................ 2.72 3.02 3.21
Middle East27 HSBC Bank Middle East ................................................... 3.59
3.63
3.63
North America HSBC Bank USA ............................................................... 3.58
2.93
2.43
HSBC Finance .................................................................... 6.18
7.22
6.84
HSBC Bank Canada ........................................................... 1.76
1.93
2.23
Latin America HSBC Mexico .................................................................... 7.85 8.95 8.60
Brazilian operations34 ......................................................... 7.96
8.85
10.55
HSBC Bank Panama .......................................................... 4.07
4.39
4.29
HSBC Bank Argentina ....................................................... 13.18
10.25
8.86
2.94
2.90
2.91
Distribution of average total assets
2009 2008 2007
% % %
Europe HSBC Bank ........................................................................ 36.7
36.7
34.6
HSBC Private Banking Holdings (Suisse) ......................... 2.3
2.3
2.2
HSBC France ...................................................................... 15.0
13.8
12.0
HSBC Finance .................................................................... –
0.2
0.3
Hong Kong Hang Seng Bank ................................................................. 4.2
3.9
4.4
The Hongkong and Shanghai Banking Corporation .......... 10.5
9.5
10.1
Rest of Asia-Pacific27 The Hongkong and Shanghai Banking Corporation .......... 8.5
8.8
6.9
HSBC Bank Malaysia ........................................................ 0.6
0.6
0.7
Middle East27 HSBC Bank Middle East ................................................... 1.6
1.8
1.4
North America HSBC Bank USA ............................................................... 11.0
11.2
10.1
HSBC Finance .................................................................... 4.5
6.2
8.3
HSBC Bank Canada ........................................................... 2.7
2.9
3.3
Latin America HSBC Mexico .................................................................... 1.4
1.5
2.5
Brazilian operations34 ......................................................... 2.1
2.1
1.6
HSBC Bank Panama .......................................................... 0.6
0.6
0.7
HSBC Bank Argentina ....................................................... 0.2
0.2
0.2
Other operations (including consolidation adjustments) ........................................ (1.9) (2.3)
0.7
100.0
100.0
100.0
For footnotes, see page 149.