HSBC 2009 Annual Report Download - page 55

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Analysis of changes in net interest income and net interest expense
The following tables allocate changes in net interest income and net interest expense between volume and rate for
2009 compared with 2008, and for 2008 compared with 2007.
Interest income
Increase/(decrease)
in 2009 compared
with 2008
Increase/(decrease)
in 2008 compared
with 2007
2009 Volume Rate 2008 Volume Rate 2007
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 .................................
1,379 (386) (422) 2,187 (166) (239) 2,592
HSBC Private Banking
Holdings (Suisse) .................... 43 (149) (141) 333 119 (15) 229
HSBC France ..............................
440 60 (1,115) 1,495 173 28 1,294
Hong Kong Hang Seng Bank .......................... 202 (26) (359) 587 203 (225) 609
The Hongkong and Shanghai
Banking Corporation .............. 182 (549) (613) 1,344 (139) (869) 2,352
Rest of Asia-
Pacific27
The Hongkong and Shanghai
Banking Corporation .............. 326 (152) (403) 881 362 (291) 810
HSBC Bank Malaysia ................. 81 (31) (53) 165 65 (3) 103
Middle East27 HSBC Bank Middle East ............ 52 (54) (82) 188 (15) (121) 324
North America HSBC Bank USA ........................ 94 (248) 14 328 10 (159) 477
HSBC Bank Canada .................... 10 (13) (84) 107 (21) (46) 174
Latin America HSBC Mexico ............................. 149 3 (101) 247 9 (1) 239
Brazilian operations34 .................. 1,003 302 (250) 951 242 64 645
HSBC Bank Panama ................... 10 1 (21) 30 9 (12) 33
HSBC Bank Argentina ................ 29 (25) 11 43 16 11 16
Other operations ......................................................... 199 (160) (401) 760 43 (181) 898
4,199 (1,911) (3,536) 9,646 915 (2,064) 10,795
Loans and advances to customers
Europe HSBC Bank .................................
10,898 (749) (6,940) 18,587 3,885 (3,376) 18,078
HSBC Private Banking
Holdings (Suisse) .................... 176 (94) (224) 494 132 (145) 507
HSBC France ..............................
1,932 (118) (1,554) 3,604 257 128 3,219
HSBC Finance ............................. 319 (180) (6) 505 (76) (30) 611
Hong Kong Hang Seng Bank .......................... 1,194 12 (407) 1,589 251 (782) 2,120
The Hongkong and Shanghai
Banking Corporation .............. 1,757 28 (562) 2,291 392 (1,002) 2,901
Rest of Asia-
Pacific27
The Hongkong and Shanghai
Banking Corporation .............. 3,668 (762) (733) 5,163 1,345 (503) 4,321
HSBC Bank Malaysia ................. 455 (19) (79) 553 64 (18) 507
Middle East27 HSBC Bank Middle East ............ 1,593 (71) 115
1,549 680 (331) 1,200
North America HSBC Bank USA ........................ 5,541 330 (547) 5,758 219 (1,046) 6,585
HSBC Finance ............................. 9,941 (4,472) (1,422) 15,835 (1,495) (756) 18,086
HSBC Bank Canada .................... 1,499 (267) (689) 2,455 284 (427) 2,598
Latin America HSBC Mexico ............................. 1,708 (753) (104) 2,565 104 274 2,187
Brazilian operations34 .................. 4,494 (233) (152) 4,879 1,744 (760) 3,895
HSBC Bank Panama ................... 864 64 (10) 810 49 (17) 778
HSBC Bank Argentina ................ 357 (35) 14 378 68 69 241
Other operations ......................................................... 1,905 100 98 1,707 564 (647)
1,790
48,301 (5,358) (15,063) 68,722 8,887 (9,789) 69,624