HSBC 2005 Annual Report Download - page 111

109
Total equity and liabilities (continued)
Year ended 31 December
2005 2004
Average
balance
Interest
expense Cost
Average
balance
Interest
expense Cost
US$m US$m % US$m US$m %
Financial liabilities designated at fair value –
own debt issued6
Europe HSBC Holdings .......................... 13,928 496 3.56
HSBC Bank ................................ 5,919 327 5.52
North America HSBC Bank USA ....................... 1,469 96 6.54
HSBC Finance ............................ 28,146 1,098 3.90
Other operations ............................................................. 288 20 6.94
49,750 2,037 4.09
Debt securities in issue
Europe HSBC Bank ................................ 28,620 1,817 6.35 26,320 1,103 4.19
HSBC France ............................. 14,271 314 2.20 16,250 434 2.67
HSBC Finance ............................ 3,330 77 2.31 3,524 163 4.63
Hong Kong Hang Seng Bank ......................... 1,523 53 3.48 1,266 30 2.37
The Hongkong and Shanghai
Banking Corporation .............. ––– 11,192 437 3.90
Rest of Asia-Pacific The Hongkong and Shanghai
Banking Corporation .............. 6,523 315 4.83 5,313 229 4.31
HSBC Bank Malaysia ................ 572 16 2.80 261 8 3.07
North America HSBC Bank USA ....................... 25,537 1,073 4.20 11,125 376 3.38
HSBC Finance ............................ 75,913 3,399 4.48 101,269 2,751 2.72
HSBC Bank Canada ................... 7,963 268 3.37 5,994 165 2.75
HSBC Mexico ............................ 4,585 285 6.22 3,566 134 3.76
South America Brazilian operations1 .................. 401 67 16.71 360 65 18.06
HSBC Bank Argentina ............... 7114.29 95 7 7.37
Other operations ............................................................. 6,834 90 1.32 18,136 234 1.29
176,079 7,775 4.42 204,671 6,136 3.00
Other interest-bearing liabilities
Europe HSBC Bank ................................ 23,924 547 2.29 30,504 870 2.85
HSBC Private Banking
Holdings (Suisse) ................... 4,247 130 3.06 2,505 38 1.52
HSBC France ............................. 14,154 220 1.55 20,117 601 2.99
HSBC Finance ............................ 5,299 361 6.81 4,298 258 6.00
Hong Kong Hang Seng Bank ......................... 1,228 36 2.93 1,161 22 1.89
The Hongkong and Shanghai
Banking Corporation .............. 6,981 221 3.17 10,495 171 1.63
Rest of Asia-Pacific The Hongkong and Shanghai
Banking Corporation .............. 13,725 460 3.35 12,972 228 1.76
HSBC Bank Malaysia ................ 137 4 2.92 195 3 1.54
HSBC Bank Middle East ............ 767 23 3.00 407 20 4.91
North America HSBC Bank USA ....................... 13,287 1,332 10.02 12,618 324 2.57
HSBC Bank Canada ................... 856 12 1.40 938 20 2.13
HSBC Markets Inc ..................... 4,718 121 2.56 12,652 460 3.64
HSBC Mexico ............................ 1,258 30 2.38 195 15 7.69
South America Brazilian operations1 .................. 2,264 86 3.80 565 47 8.32
HSBC Bank Argentina ............... 35 4 11.43 319 3 0.94
Other operations ............................................................. (62,593) (2,958) (64,040) (1,301)
30,287 629 2.08 45,901 1,779 3.88
For footnotes, see on page 113.