Annual Financial Report - 14 of 56

RNS Number : 6162S

HSBC Holdings PLC

18 March 2016

 

Asia

Our principal banking subsidiaries in Hong Kong are The Hongkong and Shanghai Banking Corporation Limited and Hang Seng Bank Limited. The former is the largest bank incorporated in Hong Kong and is our flagship bank in Asia. We offer a wide range of banking and financial services in mainland China through our local subsidiaries, HSBC Bank (China) Company Limited and Hang Seng Bank (China) Limited. We also participate indirectly in mainland China through our associate, Bank of Communications Co., Ltd. Outside Hong Kong and mainland China in Asia, we conduct business in 18 countries and territories, with particularly strong coverage in Australia, India, Indonesia, Malaysia, Singapore and Taiwan.
		2015		2014		2013
		$m		$m		$m
Net interest income		12,184		12,273		11,432
Net fee income		6,032		5,910		5,936
Net trading income		3,090		2,622		2,026
Other income		3,997		2,872		5,038
Net operating income1		25,303		23,677		24,432
LICs34		(693)		(647)		(498)
Net operating income		24,610		23,030		23,934
Total operating expenses		(10,889)		(10,427)		(9,936)
Operating profit		13,721		12,603		13,998
Income from associates35		2,042		2,022		1,855
Profit before tax		15,763		14,625		15,853
Cost efficiency ratio		43.0%		44.0%		40.7%
RoRWA24		3.3%		3.1%		3.8%
Year-end staff numbers		120,144		118,322		113,701

For footnotes, see page 99.

Country view of adjusted revenue

		2015		2014
		$m		$m
Hong Kong		14,233		13,729
Australia		847		814
India		1,845		1,738
Indonesia		536		497
Mainland China		2,606		2,429
Malaysia		984		899
Singapore		1,288		1,234
Taiwan		417		469
Other		1,116		1,140
Year ended 31 December		23,872		22,949

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
Hong Kong		3,799		2,384		2,119		177		1,327		9,806
Australia		61		79		238		−		(5)		373
India		(25)		97		379		14		141		606
Indonesia		(6)		(112)		80		−		31		(7)
Mainland China		297		1,569		1,062		(3)		135		3,060
Malaysia		119		95		215		−		13		442
Singapore		80		122		259		65		(19)		507
Taiwan		11		24		133		−		(13)		155
Other		50		250		449		(1)		73		821
Year ended 31 December 2015		4,386		4,508		4,934		252		1,683		15,763
Hong Kong		3,727		2,264		1,807		146		198		8,142
Australia		78		126		232		−		(4)		432
India		4		121		442		11		122		700
Indonesia		10		53		110		−		25		198
Mainland China		292		1,533		954		(3)		175		2,951
Malaysia		156		122		190		−		28		496
Singapore		129		168		243		57		(8)		589
Taiwan		19		35		166		−		1		221
Other		57		320		432		−		87		896
Year ended 31 December 2014		4,472		4,742		4,576		211		624		14,625
Hong Kong		3,742		2,110		1,971		208		58		8,089
Australia		100		131		189		−		26		446
India		(21)		113		418		7		136		653
Indonesia		12		106		126		−		36		280
Mainland China		223		1,536		842		(4)		1,644		4,241
Malaysia		148		105		236		−		25		514
Singapore		147		120		262		74		22		625
Taiwan		7		30		158		−		5		200
Other		61		207		473		(1)		65		805
Year ended 31 December 2013		4,419		4,458		4,675		284		2,017		15,853

Analysis of mainland China profit/(loss) before tax

		Retail Banking and Wealth Management $m		Commercial Banking   $m		Global Banking and Markets $m		Global Private Banking $m		Other $m		Total $m
BoCom and other associates		260		1,448		301		−		−		2,009
Mainland China operations		37		121		761		(3)		135		1,051
Year ended 31 December 2015		297		1,569		1,062		(3)		135		3,060
BoCom and other associates		255		1,421		296		-		1		1,973
Mainland China operations		37		112		658		(3)		174		978
Year ended 31 December 2014		292		1,533		954		(3)		175		2,951
BoCom and other associates		247		1,360		284		-		(38)		1,853
Mainland China operations		(24)		176		558		(4)		40		746
Industrial Bank		-		-		-		-		1,089		1,089
Ping An		-		-		-		-		553		553
Year ended 31 December 2013		223		1,536		842		(4)		1,644		4,241

 

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