HSBC 2007 Annual Report Download - page 175

173
Interest expense (continued)
Increase/(decrease)
in 2007 compared
with 2006
Increase/(decrease) in
2006 compared with
2005
2007 Volume Rate 2006 Volume Rate 2005
US$m US$m US$m US$m US$m US$m US$m
Customer accounts
Europe HSBC Bank ................................. 10,576 1,577 1,968 7,031 987 685
5,359
HSBC Private Banking
Holdings (Suisse) .................... 1,485 237 179 1,069 170 277 622
HSBC France .............................. 1,226 264 210 752 (24) 165
611
Hong Kong Hang Seng Bank .......................... 1,900 219 (31) 1,712 48 790
874
The Hongkong and Shanghai
Banking Corporation .............. 3,499 591 (26) 2,934 123 1,489
1,322
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation .............. 2,645 646 96 1,903 205 405
1,293
HSBC Bank Malaysia ................. 260 46 2 212 29 26
157
HSBC Bank Middle East ............ 578 139 28 411 72 132
207
North America HSBC Bank USA ........................ 3,051 249 312 2,490 233 872
1,385
HSBC Bank Canada .................... 1,090 152 134 804 80 249
475
Latin America HSBC Mexico ............................. 548 21 56 471 122 161 188
Brazilian operations3 ................... 2,163 648 (541) 2,056 706 (509)
1,859
HSBC Bank Panama ................... 314 280 – 34 6 11
17
HSBC Bank Argentina ................ 85 38 6 41 2 11
28
Other operations ........................................................ 2,297 200 286 1,811 164 391
1,256
31,717 5,098 2,888
23,731 2,446 5,632 15,653
Financial liabilities designated at fair value –
own debt issued 3,568 196 212 3,160 227 896
2,037
Debt securities in issue
Europe HSBC Bank ................................. 3,753 816 890 2,047 1,095 (865)
1,817
HSBC France .............................. 1,207 285 289 633 122 197 314
HSBC Finance ............................. 18 (18) 4 32 (64) 19 77
Hong Kong Hang Seng Bank .......................... 80 4 12 64 3 8
53
Rest of
Asia-Pacific
The Hongkong and Shanghai
Banking Corporation .............. 559 54 67 438 71 52
315
HSBC Bank Malaysia .................. 13 (2) 2 13 (6) 3
16
HSBC Bank Middle East ............ 119 119 – – – – –
North America HSBC Bank USA ........................ 1,232 (152) (23) 1,407 138 196
1,073
HSBC Finance ............................. 5,311 142 122 5,047 1,633 15 3,399
HSBC Bank Canada .................... 640 180 – 460 89 103
268
Latin America HSBC Mexico ............................. 110 83 4 23 (270) 8 285
Brazilian operations3 ................... 115 72 (27) 70 50 (47)
67
HSBC Bank Panama ................... 45 43 – 2 – 2 –
HSBC Bank Argentina ................ – – – – (1) – 1
Other operations ........................................................ (13) 119 (240) 108 (50) 68 90
13,189 1,777 1,068 10,344 2,475 94 7,775
Footnotes to ‘Average balance sheet and net interest income’ and ‘Analysis of changes in net
interest income’.
1 Interest income on trading assets is reported as ‘Net trading income’ in the consolidated income statement.
2 Interest income on financial assets designated at fair value is reported as ‘Net income from financial instruments designated at fair
value’ in the consolidated income statement.
3 Brazilian operations comprise HSBC Bank Brasil S.A.-Banco Múltiplo and subsidiaries, plus HSBC Serviços e Participações Limitada.
4 This table analyses interest-bearing bank deposits only. See page 180 for an analysis of all bank deposits.
5 This table analyses interest-bearing customer accounts only. See page 181 for an analysis of all customer accounts.
6 Interest expense on financial liabilities designated at fair value is reported as ‘Net income on financial liabilities designated at fair
value’ in the consolidated income statement other than interest on own debt.