HSBC 2005 Annual Report Download - page 112

HSBC HOLDINGS PLC
Financial Review (continued)
110
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 %
Total interest-bearing liabilities
Europe HSBC Bank ................................ 278,131 9,087 3.27 253,275 6,371 2.52
HSBC Private Banking
Holdings (Suisse) ................... 25,041 772 3.08 21,290 442 2.08
HSBC France ............................. 71,115 1,732 2.44 80,601 2,136 2.65
HSBC Finance ............................ 8,667 470 5.42 8,152 421 5.16
Hong Kong Hang Seng Bank ......................... 56,087 1,024 1.83 54,056 357 0.66
The Hongkong and Shanghai
Banking Corporation .............. 105,907 1,659 1.57 117,404 1,038 0.88
Rest of Asia-Pacific The Hongkong and Shanghai
Banking Corporation .............. 74,218 2,236 3.01 64,415 1,443 2.24
HSBC Bank Malaysia ................ 7,070 182 2.57 6,298 163 2.59
HSBC Bank Middle East ............ 10,351 289 2.79 7,489 103 1.38
North America HSBC Bank USA ....................... 105,339 4,088 3.88 80,389 1,454 1.81
HSBC Finance ............................ 116,164 4,933 4.25 112,973 2,964 2.62
HSBC Bank Canada ................... 31,380 789 2.51 25,516 544 2.13
HSBC Markets Inc ..................... 4,718 121 2.56 28,563 701 2.45
HSBC Mexico ............................ 15,165 573 3.78 15,832 574 3.63
South America Brazilian operations1 .................. 14,810 2,137 14.43 7,626 1,010 13.24
HSBC Bank Argentina ............... 1,056 41 3.88 1,453 46 3.17
Other operations ............................................................. (17,224) (1,373) (6,174) (396)
907,995 28,760 3.17 879,158 19,371 2.20
Summary
Total interest-margin liabilities ....................................... 907,995 28,760 3.17 879,158 19,371 2.20
Trading liabilities ............................................................ 211,059 5,024 2.38
Financial liabilities designated at fair value
(excluding own debt issued) ....................................... 9,787
Non-interest-bearing current accounts ............................ 65,509 56,043
Total equity and other non-interest-bearing liabilities .... 307,590 314,140
Total equity and liabilities .............................................. 1,501,940 33,784 2.25 1,249,341 19,371 1.55
Net interest margin
Year ended 31 December
2005 2004
%%
Europe HSBC Bank .................................................................................................. 2.08 2.41
HSBC Private Banking Holdings (Suisse) .................................................... 1.03 0.82
HSBC France ............................................................................................... 1.30 1.44
HSBC Finance .............................................................................................. 5.79 6.99
Hong Kong Hang Seng Bank ........................................................................................... 2.19 2.08
The Hongkong and Shanghai Banking Corporation ..................................... 2.20 1.74
Rest of Asia-Pacific The Hongkong and Shanghai Banking Corporation ..................................... 2.00 1.96
HSBC Bank Malaysia .................................................................................. 2.80 2.56
HSBC Bank Middle East .............................................................................. 3.46 3.69
North America HSBC Bank USA ......................................................................................... . 2.31 2.90
HSBC Finance .............................................................................................. 6.97 8.74
HSBC Bank Canada ..................................................................................... 2.40 2.41
HSBC Mexico .............................................................................................. 7.65 5.82
South America Brazilian operations1 .................................................................................... 11.44 13.29
HSBC Bank Argentina ................................................................................. 7.87 5.18
Other operations7 .............................................................................................................................. 0.20 0.03
3.14 3.19
For footnotes, see page 113.