Annual Financial Report - 12 of 56

RNS Number : 6151S

HSBC Holdings PLC

18 March 2016

 

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

 

 

END

 

 

ACSUWASRNAAOAAR