HSBC 2005 Annual Report Download - page 17

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consolidated reporting, industry services such as
charities and foundations, media, shipping, diamond
and jewellery, and real estate planning. Specialist
advisers are available to deliver products and
services that are tailored to meet the full range of
high net worth clients’ individual financial needs.
General banking services: These comprise
treasury and foreign exchange, offshore and onshore
deposits, credit and specialised lending, tailor-made
loans and internet banking. Private Banking works to
ensure its clients have full access to relevant skills
and products available throughout HSBC, such as
corporate banking, investment banking and
insurance.
Geographical regions
Profit before tax split by geographical region
Year ended 31 December 2005
US$ million
Europe Hong Kong
Rest of Asia-Pacific North America
South America
Total assets1 split by geographical region
As at 31 December 2005
%
Europe 42.7
Hong Kong 15.0
Rest of Asia-Pacific 9.5
North America 31.1
South America 1.7
1Excluding Hong Kong Government certificates of
indebtedness.
Additional information regarding business
developments in 2005 may be found in the
‘Financial Review’ on pages 26 to 177.
Europe
HSBC’s principal banking operations in Europe are
HSBC Bank in the UK, HSBC France, HSBC Bank
A.S. in Turkey, HSBC Bank Malta, HSBC Private
Bank (Suisse), HSBC Trinkaus & Burkhardt KGaA
and HSBC Guyerzeller Bank AG. Through these
operations HSBC provides a wide range of banking,
treasury and financial services to personal,
commercial and corporate customers across Europe.
Hong Kong
HSBC’s principal banking subsidiaries in Hong
Kong are The Hongkong and Shanghai Banking
Corporation and Hang Seng Bank. The former is the
largest bank incorporated in Hong Kong and is
HSBC’s flagship bank in the Asia-Pacific region. It
is one of Hong Kong’s three note-issuing banks,
accounting for more than 65 per cent by value of
banknotes in circulation in 2005.
Rest of Asia-Pacific (including the
Middle East)
The Hongkong and Shanghai Banking Corporation
offers personal, commercial, corporate and
investment banking and markets services in
mainland China. The bank’s network spans 12 major
cities, comprising 12 branches and eight sub-
branches. Hang Seng Bank offers personal and
commercial banking services and operates six
branches, four sub-branches, and two representative
offices in eight cities in mainland China. HSBC also
participates indirectly in mainland China through its
three associates, Bank of Communications (19.9 per
cent owned), Ping An Insurance (19.9 per cent) and
Industrial Bank (15.98 per cent).
Outside Hong Kong and mainland China, the
HSBC Group conducts business in the Asia-Pacific
region primarily through branches and subsidiaries
of The Hongkong and Shanghai Banking
Corporation in 22 countries, with particularly strong
coverage in India, Indonesia, South Korea,
Singapore and Taiwan. HSBC’s presence in the
Middle East is led by HSBC Bank Middle East in a
network of branches and subsidiaries with the widest
coverage in the region; in Australia by HSBC Bank
Australia Limited; and in Malaysia by HSBC Bank
Malaysia Berhad, which has the second largest
presence of any foreign-owned bank in the country.
HSBC’s associate in Saudi Arabia, The Saudi British
Bank (40 per cent owned), is the Kingdom’s sixth
largest bank.
North America
HSBC’s North American businesses cover the US,
Canada, Mexico, Bermuda and Panama. Operations
in the US are primarily conducted through HSBC
Bank USA, N.A. which is concentrated in New York
6,356
4,517
2,574
6,872
647
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000