Annual Financial Report - 16 of 56

RNS Number : 6171S

HSBC Holdings PLC

18 March 2016

 

Middle East and North Africa

The network of branches of HSBC Bank Middle East Limited, together with HSBC's subsidiaries and associates, gives us wide coverage in the region. Our associate in Saudi Arabia, The Saudi British Bank (40% owned), is the Kingdom's fifth largest bank by total assets.
		2015		2014		2013
		$m		$m		$m
Net interest income		1,531		1,519		1,486
Net fee income		633		650		622
Net trading income		325		314		357
Other income		76		65		38
Net operating income1		2,565		2,548		2,503
LICs34		(299)		6		42
Net operating income		2,266		2,554		2,545
Total operating expenses		(1,234)		(1,216)		(1,289)
Operating profit		1,032		1,338		1,256
Income from associates35		505		488		438
Profit before tax		1,537		1,826		1,694
Cost efficiency ratio		48.1%		47.7%		51.5%
RoRWA24		2.5%		2.9%		2.7%
Year-end staff numbers		8,066		8,305		8,618

For footnotes, see page 99.

Country view of adjusted revenue

		2015		2014
		$m		$m
Egypt		610		493
United Arab Emirates		1,407		1,446
Other		538		556
Year ended 31 December		2,555		2,495

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
Egypt		50		101		256		−		3		410
United Arab Emirates		91		19		292		−		(35)		367
Saudi Arabia		112		169		202		16		1		500
Other		19		119		123		−		(1)		260
Year ended 31 December 2015		272		408		873		16		(32)		1,537
Egypt		64		94		177		−		−		335
United Arab Emirates		154		190		364		−		(46)		662
Saudi Arabia		91		168		203		19		5		486
Other		14		152		182		−		(5)		343
Year ended 31 December 2014		323		604		926		19		(46)		1,826
Egypt		31		37		166		−		(29)		205
United Arab Emirates		142		290		275		1		(72)		636
Saudi Arabia		82		146		188		15		7		438
Other		3		172		240		−		−		415
Year ended 31 December 2013		258		645		869		16		(94)		1,694

 

 

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