HSBC 2015 Annual Report Download - page 81

HSBC HOLDINGS PLC
79
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Europe
Our principal banking operations in Europe
are HSBC Bank plc in the UK, HSBC France,
HSBC Private Bank (Suisse) SA and HSBC
Trinkaus & Burkhardt AG. Through these
operations we provide a wide range of
banking, treasury and financial services
to personal, commercial and corporate
customers across Europe.
2015 2014 2013
$m $m $m
Net interest income 10,005 10,611 10,693
Net fee income 4,891 6,042 6,032
Net trading income 4,060 2,534 4,423
Other income/(expense) 2,102 2,384 (181)
Net operating income1 21,058 21,571 20,967
LICs34 (690) (764) (1,530)
Net operating income 20,368 20,807 19,437
Total operating expenses (19,733) (20,217) (17,613)
Operating profit 635 590 1,824
Income from associates35 8 6 1
Profit before tax 643 596 1,825
Cost efficiency ratio 93.7% 93.7% 84.0%
RoRWA24 0.2% 0.2% 0.6%
Year-end staff numbers 67,509 69,363 68,334
For footnotes, see page 99.
Country view of adjusted revenue
2015 2014
$m $m
UK 14,898 15,022
France 2,619 2,487
Germany 827 788
Switzerland 631 698
Other 1,427 1,271
Year ended 31 December 20,402 20,266
Profit before tax ($m)
Revenue ($m)
Operating expenses ($m)
For details of significant items, see page 77.
Profit/(loss) before tax by country within global businesses
Retail Banking
and Wealth
Management
$m
Commercial
Banking
$m
Global
Banking and
Markets
$m
Global
Private
Banking
$m
Other
$m
Total
$m
UK 964 2,040 384 169 (3,857) (300)
France23 388 152 112 14 (27) 639
Germany 23 66 157 20 (27) 239
Switzerland −8−(220) (4) (216)
Other (181) 53 395 31 (17) 281
Year ended 31 December 2015 1,194 2,319 1,048 14 (3,932) 643
UK 589 2,193 (801) 191 (2,228) (56)
France23 (181) 240 354 −(199) 214
Germany 28 71 162 27 (10) 278
Switzerland −5 2 38 (3) 42
Other (122) 39 332 59 (190) 118
Year ended 31 December 2014 314 2,548 49 315 (2,630) 596
UK 1,471 1,684 1,246 252 (3,493) 1,160
France23 285 255 351 21 (162) 750
Germany 30 70 183 44 (25) 302
Switzerland −2 2 (291) − (287)
Other (33) 77 19 (191) 28 (100)
Year ended 31 December 2013 1,753 2,088 1,801 (165) (3,652) 1,825
643 596
1,749 2,392
(409)
3,309 3,496
2015 2014
21,058 21,571
(656)
20,402
(2,013)
708 20,266
2015 2014
19,733 20,217
(2,405)
17,328
(1,499)
(2,601)
16,117
2015 2014
Reported Currency translation Adjusted
Significant items