HSBC 2005 Annual Report Download - page 106

HSBC HOLDINGS PLC
Financial Review (continued)
104
Average balance sheet and net
interest income
Average balances and the related interest are shown
for the domestic operations of HSBC’s principal
commercial banks by geographic region with all
other commercial banking and investment banking
balances and transactions included in ‘Other
operations’.
Net interest margin numbers are calculated by
dividing net interest income as reported in the
income statement by the average interest earning
assets from which interest income is reported within
the ‘Net interest income’ line of the income
statement. Interest income and interest expense
arising from trading assets and liabilities and the
funding thereof is included within ‘Net trading
income’ in the income statement.
Assets
Year ended 31 December
2005 2004
Average
balance
Interest
income Yield
Average
balance
Interest
income Yield
US$m US$m % US$m US$m %
Short-term funds and loans and advances to banks
Europe HSBC Bank ................................ 21,875 774 3.54 24,173 669 2.77
HSBC Private Banking
Holdings (Suisse) ................... 3,606 156 4.33 2,644 89 3.37
HSBC France ............................. 16,829 387 2.30 26,007 960 3.69
Hong Kong Hang Seng Bank ......................... 8,061 288 3.57 8,328 221 2.65
The Hongkong and Shanghai
Banking Corporation .............. 36,904 1,058 2.87 28,172 538 1.91
Rest of Asia-Pacific The Hongkong and Shanghai
Banking Corporation .............. 11,667 351 3.01 9,180 198 2.16
HSBC Bank Malaysia ................ 1,767 49 2.77 1,348 36 2.67
HSBC Bank Middle East ............ 3,262 111 3.40 1,619 29 1.79
North America HSBC Bank USA ....................... 3,579 151 4.22 2,323 56 2.41
HSBC Bank Canada ................... 2,115 62 2.93 2,163 45 2.08
HSBC Mexico ............................ 2,994 228 7.62 3,771 227 6.02
South America Brazilian operations1 .................. 3,305 565 17.10 1,954 237 12.13
HSBC Bank Argentina ............... 264 7 2.65 250 3 1.20
Other operations ............................................................. 15,023 456 3.04 19,515 329 1.69
131,251 4,643 3.54 131,447 3,637 2.77
Trading assets2
Europe HSBC Bank ................................ 29,183 1,147 3.93
HSBC France ............................. 13,663 365 2.67
Hong Kong Hang Seng Bank ......................... 369 13 3.52
The Hongkong and Shanghai
Banking Corporation .............. 11,209 298 2.66
Rest of Asia-Pacific The Hongkong and Shanghai
Banking Corporation .............. 2,487 101 4.06
HSBC Bank Malaysia ................ 145 4 2.76
North America HSBC Bank USA ....................... 5,447 115 2.11
HSBC Bank Canada ................... 1,177 25 2.12
HSBC Markets Inc ..................... 11,543 421 3.65
HSBC Mexico ............................ 2,957 173 5.86
South America Brazilian operations1 .................. 843 128 15.18
HSBC Bank Argentina ............... 19 1 5.26
Other operations ............................................................. 5,661 232 4.10
84,703 3,023 3.57
For footnotes, see page 113.