hsba201403256k22.htm
FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
 
For the month of March
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
 
 
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).
 
Form 20-F   X              Form 40-F ......
 
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934).
 
Yes.......          No    X
 
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ..............).
 
 


 


 

 
Profit/(loss) before tax and balance sheet data - Middle East and North Africa
 
 
2013
 
       Retail
   Banking
and Wealth
Management
        US$m
  
Commercial
   Banking
        US$m
  
      Global
   Banking
and
    Markets
        US$m
  
      Global
      Private
   Banking
        US$m
  
       Other
        US$m
                
        Inter-
   segment
elimination49
       US$m
  
         Total
        US$m
                           
Profit/(loss) before tax
                          
                           
Net interest income ...............
585
  
486
  
390
  
−
  
4
  
21
  
1,486
                           
Net fee income/(expense) ......
161
  
269
  
197
  
−
  
(5)
  
-
  
622
                           
Trading income excluding net interest income ..................
59
  
85
  
220
  
−
  
−
  
-
  
364
Net interest income/(expense)
on trading activities ............
−
  
−
  
14
  
−
  
−
  
(21)
  
(7)
                           
Net trading income44 ..............
59
  
85
  
234
  
−
  
−
  
(21)
  
357
                           
Net income from financial instruments designated at
fair value ............................
−
  
−
  
−
  
−
  
(2)
  
−
  
(2)
Gains less losses from
financial investments .........
−
  
−
  
(18)
  
−
  
−
  
−
  
(18)
Dividend income ....................
−
  
−
  
9
  
−
  
−
  
−
  
9
Other operating income .........
25
  
30
  
15
  
−
  
99
  
(120)
  
49
                           
Total operating income ......
830
  
870
  
827
  
−
  
96
  
(120)
  
2,503
                           
Net insurance claims50 ............
−
  
−
  
−
  
−
  
−
  
−
  
−
                           
Net operating income4 .......
830
  
870
  
827
  
−
  
96
  
(120)
  
2,503
                           
Loan impairment (charges)/ recoveries and other credit
risk provisions ....................
(49)
  
(20)
  
110
  
1
  
−
  
−
  
42
                           
Net operating income .........
781
  
850
  
937
  
1
  
96
  
(120)
  
2,545
                           
Total operating expenses .......
(606)
  
(350)
  
(256)
  
−
  
(197)
  
120
  
(1,289)
                           
Operating profit/(loss) .......
175
  
500
  
681
  
1
  
(101)
  
−
  
1,256
                           
Share of profit in associates
and joint ventures ...............
83
  
145
  
188
  
15
  
7
  
−
  
438
                           
Profit/(loss) before tax .......
258
  
645
  
869
  
16
  
(94)
  
−
  
1,694
                           
 
               %
  
               %
  
               %
  
               %
  
              %
      
               %
Share of HSBC's profit
before tax ...........................
             1.1
  
             2.9
  
             3.8
  
             0.1
  
            (0.4)
      
             7.5
Cost efficiency ratio ..............
           73.0
  
           40.2
  
           31.0
  
                -
  
         205.2
      
           51.5
                           
Balance sheet data40
                          
 
US$m
  
US$m
  
US$m
  
US$m
  
       US$m
      
US$m
Loans and advances to
customers (net) ..................
6,152
  
11,814
  
9,241
  
−
  
4
      
27,211
Total assets ............................
7,016
  
13,776
  
39,302
  
64
  
3,340
  
(2,688)
  
60,810
Customer accounts .................
18,771
  
12,402
  
7,432
  
1
  
77
      
38,683
 
 
 
 
 
 
2012
 
         Retail
      Banking
and Wealth
Management
         US$m
  
Commercial
      Banking
         US$m
  
        Global
     Banking
and
     Markets
         US$m
  
        Global
       Private
     Banking
         US$m
  
         Other
         US$m
                
         Inter-
     segment
elimination49
        US$m
  
         Total
         US$m
                           
Profit/(loss) before tax
                          
                           
Net interest income ...............
597
  
492
  
367
  
1
  
42
  
(29)
  
1,470
                           
Net fee income/(expense) ......
164
  
279
  
160
  
1
  
(9)
  
-
  
595
                           
Trading income excluding net interest income ..................
68
  
94
  
208
  
-
  
3
  
-
  
373
Net interest income/(expense)
on trading activities ............
-
  
2
  
30
  
-
  
(44)
  
29
  
17
                           
Net trading income44 ..............
68
  
96
  
238
  
-
  
(41)
  
29
  
390
                           
Net income from financial instruments designated at
fair value ............................
-
  
-
  
-
  
-
  
(12)
  
-
  
(12)
Gains less losses from
financial investments .........
-
  
-
  
9
  
-
  
-
  
-
  
9
Dividend income ....................
-
  
-
  
5
  
-
  
-
  
-
  
5
Other operating income/
(expense) ...........................
(16)
  
21
  
14
  
1
  
47
  
(94)
  
(27)
                           
Total operating income .........
813
  
888
  
793
  
3
  
27
  
(94)
  
2,430
                           
Net insurance claims50 ............
-
  
-
  
-
  
-
  
-
  
-
  
-
                           
Net operating income4 ...........
813
  
888
  
793
  
3
  
27
  
(94)
  
2,430
                           
Loan impairment charges and other credit risk provisions .
(55)
  
(110)
  
(119)
  
(2)
  
-
  
-
  
(286)
                           
Net operating income ............
758
  
778
  
674
  
1
  
27
  
(94)
  
2,144
                           
Total operating expenses .......
(561)
  
(311)
  
(264)
  
-
  
(124)
  
94
  
(1,166)
                           
Operating profit/(loss) ...........
197
  
467
  
410
  
1
  
(97)
  
-
  
978
                           
Share of profit in associates
and joint ventures ...............
55
  
120
  
171
  
9
  
17
  
-
  
372
                           
Profit/(loss) before tax ...........
252
  
587
  
581
  
10
  
(80)
  
-
  
1,350
                           
 
               %
  
               %
  
               %
  
               %
  
               %
      
               %
Share of HSBC's profit
before tax ...........................
             1.2
  
             2.8
  
             2.8
  
                -
  
            (0.3)
      
             6.5
Cost efficiency ratio ..............
           69.0
  
           35.0
  
           33.3
  
                -
  
         459.3
      
           48.0
                           
Balance sheet data40
                          
 
US$m
  
US$m
  
US$m
  
US$m
  
        US$m
      
US$m
Loans and advances to
customers (net) ..................
5,828
  
13,559
  
8,699
  
-
  
-
      
28,086
Total assets ............................
6,562
  
15,651
  
36,582
  
50
  
6,840
  
(3,080)
  
62,605
Customer accounts .................
19,802
  
12,826
  
6,880
  
3
  
72
      
39,583
 
For footnotes, see page 132.
 
 

 
 
 
 
 
 
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 HSBC Holdings plc
 
 
 
 
 
                                                       By:
 
                                                                                       Name: Ben J S Mathews
 
                                                                                                 Title: Group Company Secretary
                     
                                                                                 Date: 25 March 2014