Annual Financial Report - 17 of 56

RNS Number : 6176S

HSBC Holdings PLC

18 March 2016

 

Profit/(loss) before tax and balance sheet data - Middle East and North Africa

		2015
		Retail Banking and Wealth Management $m		Commercial Banking $m		Global Banking and Markets $m		Global Private Banking $m		Other $m		Inter- segment     elimination44 $m		Total $m
Profit/(loss) before tax
Net interest income		587		451		478		−		3		12		1,531
Net fee income/(expense)		176		249		213		−		(5)		−		633
Trading income excluding net interest income		51		62		216		−		−		−		329
Net interest income/(expense) on trading activities		−		−		8		−		−		(12)		(4)
Net trading income40		51		62		224		−		−		(12)		325
Net expense from financial instruments designated at fair value		−		−		−		−		6		−		6
Gains less losses from financial investments		7		5		5		−		−		−		17
Dividend income		1		1		7		−		−		−		9
Other operating income		12		11		25		−		99		(103)		44
Total operating income		834		779		952		−		103		(103)		2,565
Net insurance claims45		−		−		−		−		−		−		−
Net operating income1		834		779		952		−		103		(103)		2,565
Loan impairment (charges)/recoveries and other credit risk provisions		(121)		(183)		5		−		−		−		(299)
Net operating income		713		596		957		−		103		(103)		2,266
Total operating expenses		(557)		(357)		(286)		−		(137)		103		(1,234)
Operating profit/(loss)		156		239		671		−		(34)		−		1,032
Share of profit in associates and joint ventures		116		169		202		16		2		−		505
Profit/(loss) before tax		272		408		873		16		(32)		−		1,537
		%		%		%		%		%				%
Share of HSBC's profit before tax		1.4		2.2		4.6		0.1		(0.2)				8.1
Cost efficiency ratio		66.8		45.8		30.0		−		133.0				48.1
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		6,374		13,695		9,825		−		−				29,894
Total assets		7,194		15,546		35,929		92		3,067		(2,592)		59,236
Customer accounts		17,172		12,192		6,901		−		203				36,468

		2014
		Retail Banking and Wealth Management $m		Commercial Banking $m		Global Banking and Markets $m		Global Private Banking $m		Other $m		Inter- segment     elimination44 $m		Total $m
Profit/(loss) before tax
Net interest income		615		467		410		−		3		24		1,519
Net fee income/(expense)		152		268		240		−		(10)		−		650
Trading income/(expense) excluding net interest income		58		68		207		−		(5)		−		328
Net interest income/(expenses) on trading activities		−		−		10		−		−		(24)		(14)
Net trading income/(expense)40		58		68		217		−		(5)		(24)		314
Net expense from financial instruments designated at fair value		−		−		−		−		(3)		−		(3)
Gains less losses from financial investments		1		1		20		−		−		−		22
Dividend income		1		1		12		−		−		−		14
Other operating income		8		−		27		−		108		(111)		32
Total operating income		835		805		926		−		93		(111)		2,548
Net insurance claims 45		−		−		−		−		−		−		−
Net operating income1		835		805		926		−		93		(111)		2,548
Loan impairment (charges)/recoveries and other credit risk provisions		(26)		(21)		53		−		−		−		6
Net operating income		809		784		979		−		93		(111)		2,554
Total operating expenses		(578)		(348)		(256)		−		(145)		111		(1,216)
Operating profit/(loss)		231		436		723		−		(52)		−		1,338
Share of profit in associates and joint ventures		92		168		203		19		6		−		488
Profit/(loss) before tax		323		604		926		19		(46)		−		1,826
		%		%		%		%		%				%
Share of HSBC's profit before tax		1.7		3.2		5.0		0.1		(0.2)				9.8
Cost efficiency ratio		69.2		43.2		27.6		−		155.9				47.7
Balance sheet data30
		$m		$m		$m		$m		$m				$m
Loans and advances to customers (net)		6,318		13,104		9,641		−		−				29,063
Total assets		7,073		14,911		39,229		77		2,900		(1,773)		62,417
Customer accounts		18,024		11,809		9,630		−		257				39,720

For footnotes, see page 99.

 

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