HSBC 2009 Annual Report Download - page 52

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Financial summary > Balance sheet > Average balance sheet
50
Equity and liabilities (continued)
2009 2008 2007
Average
balance
Interest
expense Cost
Average
Balance
Interest
expense Cost
Average
balance
Interest
expense Cost
US$m US$m % US$m US$m % US$m US$m %
Customer accounts37
Europe HSBC Bank ..................... 274,949 2,407 0.88 305,702 10,092 3.30 270,965 10,576 3.90
HSBC Private Banking
Holdings (Suisse) ........ 27,250 256 0.94 37,778 1,349 3.57 30,955 1,485 4.80
HSBC France .................. 61,465 645 1.05 39,428 1,583 4.01 31,845 1,226 3.85
Hong Kong Hang Seng Bank .............. 71,140 200 0.28 66,142 914 1.38 61,227 1,900 3.10
The Hongkong and
Shanghai Banking
Corporation ................. 150,520 211 0.14 139,169 1,365 0.98
125,478 3,499 2.79
Rest of Asia-
Pacific27
The Hongkong and
Shanghai Banking
Corporation ................. 92,305 1,494 1.62 96,476 2,869 2.97
76,052 2,645 3.48
HSBC Bank Malaysia ..... 9,658 191 1.98 10,266 295 2.87 8,823 260 2.95
Middle East27 HSBC Bank Middle East 18,726 432 2.31 19,922 422 2.12 15,685 578 3.69
North America HSBC Bank USA ............ 85,007 975 1.15 86,701 2,069 2.39 78,138 3,051 3.90
HSBC Bank Canada ........ 35,051 385 1.10 34,090 967 2.84 30,060 1,090 3.63
Latin America HSBC Mexico ................. 11,636 391 3.36 14,612 561 3.84 14,230 548 3.85
Brazilian operations34 ...... 28,605 2,946 10.30 26,288 3,110 11.83 19,581 2,163 11.05
HSBC Bank Panama ....... 8,592 353 4.11 7,761 296 3.81 7,604 314 4.13
HSBC Bank Argentina .... 2,151 99 4.60 2,266 145 6.40 1,892 85 4.49
Other operations .......................................... 63,863 361 0.57 64,253 1,952 3.04 55,351 2,297 4.15
940,918 11,346 1.21 950,854 27,989 2.94 827,886 31,717 3.83
Debt securities in issue
Europe HSBC Bank ..................... 72,955 1,305 1.79 86,216 4,001 4.64 64,168 3,753 5.85
HSBC France .................. 25,065 330 1.32 30,815 1,447 4.70 28,757 1,207 4.20
HSBC Finance ................. ––– 215 8 3.72 240 18 7.50
Hong Kong Hang Seng Bank .............. 1,220 21 1.72 1,685 57 3.38 1,734 80 4.61
Rest of Asia-
Pacific27
The Hongkong and
Shanghai Banking
Corporation ................. 5,409 218 4.03 8,995 640 7.12 8,979 559 6.23
HSBC Bank Malaysia ..... 403 16 3.97 475 20 4.21 318 13 4.09
Middle East27 HSBC Bank Middle East 2,988 62 2.07 2,650 90 3.40 2,086 119 5.70
North America HSBC Bank USA ............ 20,968 590 2.81 21,922 852 3.89 25,724 1,232 4.79
HSBC Finance ................. 63,563 2,510 3.95 98,096 3,765 3.84 115,520 5,311 4.60
HSBC Bank Canada ........ 12,825 322 2.51 16,957 604 3.56 14,771 640 4.33
Latin America HSBC Mexico ................. 1,460 67 4.59 2,693 243 9.02 1,147 110 9.59
Brazilian operations34 ...... 1,568 86 5.48 1,859 156 8.39 1,417 115 8.12
HSBC Bank Panama ....... 487 34 6.98 556 33 5.94 607 45 7.41
HSBC Bank Argentina .... 1–– 2––
12 – –
Other operations .......................................... 16,745 340 2.03 13,691 66 0.48 6,446 (13) (0.20)
225,657 5,901 2.62 286,827 11,982 4.18 271,926 13,189 4.85