HSBC 2015 Annual Report Download - page 72

Report of the Directors: Global businesses (continued)
CMB / GB&M
HSBC HOLDINGS PLC
70
Commercial Banking
CMB serves more than two million
customers in 55 countries and
territories. Our customers range from
small enterprises focused primarily
on their domestic markets through to
corporates operating globally.
2015 2014 2013
$m $m $m
Net interest income 9,859 10,158 9,731
Net fee income 4,190 4,570 4,527
Other income33 821 1,020 1,394
Net operating income1 14,870 15,748 15,652
LICs34 (1,770) (1,558) (2,101)
Net operating income 13,100 14,190 13,551
Total operating expenses (6,744) (6,981) (6,523)
Operating profit 6,356 7,209 7,028
Income from associates35 1,617 1,605 1,509
Profit before tax 7,973 8,814 8,537
RoRWA24 1.9% 2.1% 2.2%
For footnotes, see page 99.
Management view of adjusted revenue
2015 2014
$m $m
Net operating income1
Global Trade and Receivables Finance 2,403 2,447
Credit and Lending 6,002 5,609
Payments and Cash Management, current
accounts and savings deposits 4,568 4,423
Markets products, Insurance and
Investments and Other39 1,914 2,036
Year ended 31 December 14,887 14,515
For footnotes, see page 99.
Profit before tax ($m)
Revenue ($m)
Operating expenses ($m)
For details of significant items, see page 66.
7,973
8,814
219 8,192
(387)
196 8,623
2015 2014
14,870
15,748
17 14,887
(1,242)
914,515
2015 2014
6,744 6,981
(202)
6,542
(627) (189)
6,165
2015 2014
Reported Currency translation Adjusted
Significant items