RNS Number : 6179S
HSBC Holdings PLC
18 March 2016
North America
Our principal North American businesses are located in the US and Canada. Operations in the US are primarily conducted through HSBC Bank USA, N.A., and HSBC Finance, a national consumer finance company. HSBC Markets (USA) Inc. is the intermediate holding company of, inter alia, HSBC Securities (USA) Inc. Canadian operations are conducted through HSBC Bank Canada. |
|
|
2015 |
|
2014 |
|
2013 |
|
|
$m |
|
$m |
|
$m |
|
|
|
|
|
|
|
Net interest income |
|
4,532 |
|
5,015 |
|
5,742 |
Net fee income |
|
2,018 |
|
1,940 |
|
2,143 |
Net trading income |
|
545 |
|
411 |
|
948 |
Other income/(expense) |
|
562 |
|
786 |
|
(30) |
|
|
|
|
|
|
|
Net operating income1 |
|
7,657 |
|
8,152 |
|
8,803 |
|
|
|
|
|
|
|
LICs34 |
|
(544) |
|
(322) |
|
(1,197) |
|
|
|
|
|
|
|
Net operating income |
|
7,113 |
|
7,830 |
|
7,606 |
|
|
|
|
|
|
|
Total operating expenses |
|
(6,501) |
|
(6,429) |
|
(6,416) |
|
|
|
|
|
|
|
Operating profit |
|
612 |
|
1,401 |
|
1,190 |
|
|
|
|
|
|
|
Income from associates35 |
|
2 |
|
16 |
|
31 |
|
|
|
|
|
|
|
Profit before tax |
|
614 |
|
1,417 |
|
1,221 |
|
|
|
|
|
|
|
Cost efficiency ratio |
|
84.9% |
|
78.9% |
|
72.9% |
RoRWA24 |
|
0.3% |
|
0.6% |
|
0.5% |
|
|
|
|
|
|
|
Year-end staff numbers |
|
19,656 |
|
20,412 |
|
20,871 |
For footnotes, see page 99.
Country view of adjusted revenue
|
|
2015 |
|
2014 |
|
|
$m |
|
$m |
|
|
|
|
|
US |
|
5,926 |
|
6,083 |
Canada |
|
1,585 |
|
1,663 |
Other |
|
244 |
|
270 |
|
|
|
|
|
Year ended 31 December |
|
7,755 |
|
8,016 |
Profit before tax ($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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
US |
|
(736) |
|
302 |
|
355 |
|
65 |
|
55 |
|
41 |
Canada |
|
58 |
|
259 |
|
189 |
|
− |
|
(21) |
|
485 |
Other |
|
33 |
|
12 |
|
49 |
|
(6) |
|
− |
|
88 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended 31 December 2015 |
|
(645) |
|
573 |
|
593 |
|
59 |
|
34 |
|
614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
US |
|
513 |
|
400 |
|
(403) |
|
82 |
|
(60) |
|
532 |
Canada |
|
96 |
|
514 |
|
242 |
|
− |
|
(23) |
|
829 |
Other |
|
23 |
|
(1) |
|
49 |
|
3 |
|
(18) |
|
56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended 31 December 2014 |
|
632 |
|
913 |
|
(112) |
|
85 |
|
(101) |
|
1,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
US |
|
(358) |
|
296 |
|
633 |
|
53 |
|
(350) |
|
274 |
Canada |
|
131 |
|
506 |
|
280 |
|
− |
|
(3) |
|
914 |
Other |
|
20 |
|
(16) |
|
16 |
|
4 |
|
9 |
|
33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended 31 December 2013 |
|
(207) |
|
786 |
|
929 |
|
57 |
|
(344) |
|
1,221 |
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACSUWUSRNBAOAAR
