Interim Report - 10 of 24

RNS Number : 2012X

HSBC Holdings PLC

26 August 2015

 



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.
		Half-year to
		30 Jun		30 Jun		31 Dec
		2015		2014		2014
		$m		$m		$m
Net interest income		758		736		783
Net fee income		325		335		315
Net trading income		167		193		121
Other income		39		30		35
Net operating income15		1,289		1,294		1,254
LICs		(31)		50		(44)
Net operating income		1,258		1,344		1,210
Total operating expenses		(624)		(614)		(602)
Operating profit		634		730		608
Income from associates		267		259		229
Profit before tax		901		989		837
Loans and advances to customers (net)		31,207		28,910		29,063
Customer accounts		38,186		40,082		39,720
RoRWA		2.9%		3.2%		2.7%
Cost efficiency ratio		48.4%		47.4%		48.0%
Period-end staff numbers		8,208		8,530		8,305

For footnote, see page 56.

Country view of adjusted revenue

		Half-year to
		30 Jun		30 Jun		31 Dec
		2015		2014		2014
		$m		$m		$m
UAE		716		732		660
Egypt		301		235		266
Other		269		277		334
		1,286		1,244		1,260

Profit before tax ($m)

Revenue ($m)

Operating expenses ($m)

For details of significant items, see page 50.

 

END

 

 

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