HSBC 2004 Annual Report Download - page 136

HSBC HOLDINGS PLC
Financial Review (continued)
134
2004 compared with 2003
Increase/(decrease)
2003 compared with 2002
Increase/(decrease)
Interest expense (continued) 2004 Volume Rate 2003 Volume Rate 2002
US$m US$m US$m US$m US$m US$m US$m
CDs and other money market instruments
Europe HSBC Bank ................................ 424 195 78 151 132
(
64
)
83
CCF ............................................ 214 117
(
65
)
162 37
(
76
)
201
Hong Kong Hang Seng Bank ......................... 30
(
3
)
(
3
)
36
(
23
)
(
6
)
65
The Hongkong and Shanghai
Banking Corporation .............. 357 51
(
15
)
321 142
(
79
)
258
Rest of Asia-
Pacific
The Hongkong and Shanghai
Banking Corporation .............. 1835111 121 63
(
11
)
69
HSBC Bank Malaysia ................. 8–– 85
(
4
)
7
North America HSBC USA Inc ........................... 26 2
(
2
)
26
(
18
)
(
18
)
62
HSBC Finance Corporation ........ 188 64 64 60 60 ––
HSBC Bank Canada ................... 89 24
(
19
)
84 25 3 56
HSBC Mexico ............................. 134
(
20
)
(
15
)
169 258
(
111
)
22
South America Brazilian operations .................... 15 7
(
4
)
12 3
(
5
)
14
HSBC Bank Argentina ................ ––– –
(
7
)
–7
Other operations .................................................... 1062225 59 15 28 16
1,774 625
(
60
)
1,209 556
(
207
)
860
Loan capital
Europe HSBC Bank ................................ 5799221 466 114
(
111
)
463
CCF ............................................ 2192210 187 73
(
50
)
164
HSBC Finance Corporation ........ 161 62 (12) 111 111 ––
Hong Kong The Hongkong and Shanghai
Banking Corporation .............. 80 (7) 780 –
(
3
)
83
Rest of Asia-
Pacific
The Hongkong and Shanghai
Banking Corporation .............. 42 28
(
3
)
17 9
(
4
)
12
North America HSBC USA Inc ........................... 350 330
(
158
)
178
(
7
)
(
29
)
214
HSBC Finance Corporation ........ 2,751 746 226 1,779 1,779 ––
HSBC Bank Canada ................... 76 35
(
25
)
66 18
(
17
)
65
HSBC Mexico ............................. –
(
13
)
–13 18
(
7
)
2
South America Brazilian operations .................... 49 12
(
9
)
46
(
11
)
13 44
HSBC Bank Argentina ................ 7
(
22
)
(
1
)
30 7
(
39
)
62
Other operations ....................................................
(
22
)
(
132
)
(
23
)
133 51
(
85
)
167
4,292 920 266 3,106 2,199
(
369
)
1,276