Interim Report - 12 of 24

RNS Number : 2020X

HSBC Holdings PLC

26 August 2015

 



Latin America

		Total Latin America		Brazil		Other Latin America
		$m		$m		$m
Half year to 30 June 2015
Net interest income		2,249		1,214		1,035
Net fee income		605		307		298
Net trading income		402		242		160
Other income		302		279		23
Net operating income15		3,558		2,042		1,516
LICs		(721)		(498)		(223)
Net operating income		2,837		1,544		1,293
Total operating expenses		(2,405)		(1,353)		(1,052)
Operating profit		432		191		241
Income from associates		−		−		−
Profit before tax		432		191		241
Loans and advances to customers (net)		18,347		−		18,347
- reported in held for sale		20,827		20,827		−
Customer accounts		24,127		−		24,127
- reported in held for sale		19,432		19,432		−
RoRWA		1.0%		0.8%		1.3%
Cost efficiency ratio		67.6%		66.3%		69.4%
Period-end staff numbers		40,787		19,641		21,146
Half-year to 30 June 2014
Net interest income		2,700		1,572		1,128
Net fee income		697		365		332
Net trading income		543		246		297
Other income		325		290		35
Net operating income15		4,265		2,473		1,792
LICs		(998)		(684)		(314)
Net operating income		3,267		1,789		1,478
Total operating expenses		(2,893)		(1,734)		(1,159)
Operating profit		374		55		319
Income from associates		-		-		-
Profit before tax		374		55		319
Loans and advances to customers (net)		46,654		27,515		19,139
Customer accounts		53,852		27,068		26,784
Cost efficiency ratio		67.8%		70.1%		64.7%
RoRWA		0.8%		0.2%		1.6%
Period-end staff numbers		42,157		19,881		22,276
Half-year to 31 December 2014
Net interest income		2,610		1,468		1,142
Net fee income		718		376		342
Net trading income		313		206		107
Other income		366		296		70
Net operating income15		4,007		2,346		1,661
LICs		(1,126)		(815)		(311)
Net operating income		2,881		1,531		1,350
Total operating expenses		(3,039)		(1,833)		(1,206)
Operating profit/(loss)		(158)		(302)		144
Income from associates		-		-		-
Profit/(loss) before tax		(158)		(302)		144
Loans and advances to customers (net)		43,122		23,749		19,373
Customer accounts		48,588		23,204		25,384
RoRWA		(0.3)%		(1.1)%		0.7%
Cost efficiency ratio		75.8%		78.1%		72.6%
Period-end staff numbers		41,201		19,564		21,637

For footnote, see page 56.

Our operations in Latin America principally comprise HSBC Bank Brasil S.A.-Banco Múltiplo and HSBC México, S.A. In addition to banking services, we operate insurance businesses in Brazil, Mexico and Argentina. During the period our operations in Brazil were classified as held for sale.

Country view of adjusted revenue

		Half-year to
		30 Jun		30 Jun		31 Dec
		2015		2014		2014
		$m		$m		$m
Mexico		1,018		1,027		979
Other		2,528		2,436		2,353
- included in Other: Brazil		2,031		1,916		1,832
		3,546		3,463		3,332

Profit before tax ($m)

Revenue ($m)

Operating expenses ($m)

For details of significant items, see page 50.

Analysis by country

Profit/(loss) before tax by priority growth markets 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
Europe		863		1,287		905		(23)		(827)		2,205
- UK		633		1,115		398		100		(821)		1,425
- France		284		83		241		10		5		623
- Germany		12		30		74		12		(14)		114
- Switzerland		-		3		1		(162)		-		(158)
- other		(66)		56		191		17		3		201
Asia		2,531		2,404		2,683		156		1,626		9,400
- Hong Kong		2,172		1,239		1,238		120		1,464		6,233
- Australia		24		61		128		-		(7)		206
- India		(3)		46		195		7		90		335
- Indonesia		-		(29)		38		-		17		26
- Mainland China		184		817		544		(1)		38		1,582
- Malaysia		67		60		105		-		8		240
- Singapore		45		63		139		31		(17)		261
- Taiwan		11		12		66		-		(5)		84
- other		31		135		230		(1)		38		433
Middle East and North Africa		172		273		470		8		(22)		901
- Egypt		26		50		128		-		(1)		203
- Saudi Arabia		54		82		118		10		-		264
- UAE		83		76		157		(1)		(21)		294
- other		9		65		67		(1)		-		140
North America		(172)		423		356		37		46		690
- Canada		33		206		142		-		(17)		364
- USA		(219)		204		190		37		70		282
- other		14		13		24		-		(7)		44
Latin America		(32)		136		340		2		(14)		432
- Mexico		33		28		56		-		1		118
- other		(65)		108		284		2		(15)		314
included in other: Brazil10		(74)		32		208		2		23		191
Half-year to 30 June 2015		3,362		4,523		4,754		180		809		13,628
Europe		480		1,551		1,425		176		(1,374)		2,258
- UK		565		1,324		887		112		(1,192)		1,696
- France		(39)		123		237		(2)		(115)		204
- Germany		14		38		86		17		(7)		148
- Switzerland		-		2		1		14		(2)		15
- other		(60)		64		214		35		(58)		195
Asia		2,339		2,372		2,415		133		635		7,894
- Hong Kong		1,928		1,125		977		99		419		4,548
- Australia		49		62		92		-		(5)		198
- India		6		59		243		5		67		380
- Indonesia		2		43		62		-		6		113
- Mainland China		140		797		515		(2)		94		1,544
- Malaysia		90		54		90		-		12		246
- Singapore		71		75		127		30		(7)		296
- Taiwan		18		19		101		-		2		140
- other		35		138		208		1		47		429

		Retail Banking         and Wealth     Management9                          $m		Commercial                 Banking9                          $m		Global                Banking       and Markets                          $m		Global                  Private                Banking                          $m		Other                          $m		Total                          $m
Middle East and North Africa		182		356		477		9		(35)		989
- Egypt		33		46		71		-		(1)		149
- Saudi Arabia		55		94		99		9		1		258
- UAE		82		133		203		-		(35)		383
- other		12		83		104		-		-		199
North America		130		386		314		51		(56)		825
- Canada		35		280		130		-		(6)		439
- USA		80		110		162		50		(50)		352
- other		15		(4)		22		1		-		34
Latin America		(129)		149		402		(5)		(43)		374
- Mexico		(18)		12		73		(1)		(7)		59
- other		(111)		137		329		(4)		(36)		315
included in other: Brazil10		(161)		54		175		(6)		(7)		55
Half-year to 30 June 2014		3,002		4,814		5,033		364		(873)		12,340
Europe		(166)		997		(1,376)		139		(1,256)		(1,662)
- UK		24		869		(1,688)		79		(1,036)		(1,752)
- France		(142)		117		117		2		(84)		10
- Germany		14		33		76		10		(3)		130
- Switzerland		-		3		1		24		(1)		27
- other		(62)		(25)		118		24		(132)		(77)
Asia		2,133		2,370		2,161		78		(11)		6,731
- Hong Kong		1,799		1,139		830		47		(221)		3,594
- Australia		29		64		140		-		1		234
- India		(2)		62		199		6		55		320
- Indonesia		8		10		48		-		19		85
- Mainland China		152		736		439		(1)		81		1,407
- Malaysia		66		68		100		-		16		250
- Singapore		58		93		116		27		(1)		293
- Taiwan		1		16		65		-		(1)		81
- other		22		182		224		(1)		40		467
Middle East and North Africa		141		248		449		10		(11)		837
- Egypt		31		48		106		-		1		186
- Saudi Arabia		36		74		104		10		4		228
- UAE		72		57		161		-		(11)		279
- other		2		69		78		-		(5)		144
North America		502		527		(426)		34		(45)		592
- Canada		61		234		112		-		(17)		390
- USA		433		290		(565)		32		(10)		180
- other		8		3		27		2		(18)		22
Latin America		(31)		(142)		48		1		(34)		(158)
- Mexico		25		(35)		16		(1)		(13)		(8)
- other		(56)		(107)		32		2		(21)		(150)
included in other: Brazil10		(69)		(151)		(60)		4		(26)		(302)
Half-year to 31 December 2014		2,579		4,000		856		262		(1,357)		6,340

For footnotes, see page 56.

 

END

 

 

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