HSBC

HSBC Holdings PLC (HongKong Shanghai Banking Corporation,) is one of the more large banks of the world. Its head office is with London, in Canary Wharf.

The founding member and principal shareholder are The Hongkong and Shanghai Banking Corporation Limited , a bank founded in HongKong by the Scot Thomas Sutherland to finance the trade in the the Far East in 1865.

The bank is the larger fourth Entreprise in terms of credit. It presents its reports/ratios in USD, since 70% of its incomes come from the outside of the the United Kingdom, 40% of its operations being located at HongKong. Before moving its head office in London with the beginning of the year 1990, it was based in HongKong. It is the fourth banking group in the world after Citigroup, Bank off America and the Industrial and Commercial Bank of China. In the United Kingdom, it is the fourth financial institution.

Activities in Americas

Canada

HSBC has important customers among the Chinese communities of overseas, in particular with Vancouver and Toronto. It is the only Canadian bank having its seat in Colombia-British.

The United States

HSBC acquired Midland Bank in 1992, which included the banks Marine Midland based with Buffalo, state of New York. After the acquisition of Republic National Bank in 1999, the main offices were moved in New York, but domiciled in the Delaware.

Switzerland

HSBC Private Bank is present in Geneva, Zurich and Lugano. The principal city of HSBC Switzerland is Geneva.

France

HSBC France gathers the whole of the banks of the old group CCF: UBP, Bank Hervet, Bank of Savoy, Marseilles Company of credit, Bank Dupuy de Parseval, CCSO, Bank Chaix, Banks of Picardy, Banque of Baecque-Beautiful

She addresses herself in particular to customers having substantial incomes and to the large companies.

Trades

She is classified with the 1st European rank in terms of market cap.

History

In 2005, the group offers a profile diversified in term of contribution to the results from the diversity of its trades (banks universal) and strong of a world geographical presence (present on the whole of the continents).

Management of the firm

Board of trustees

Board of directors

Result 2006

(2006) HSBC publishes pre-tax profits in rise of 5% under 2006, a record result but slightly lower than the expectations of the market because of an important provision passed for its doubtful debts.

The taxable profit of the first European banking group reached 22,1 billion books (32,3 billion euros), against 21 billion books in 2005.

The analysts counted on average on 22,4 billion books.

The amount funded for the doubtful debts reached 10,57 billion books, that is to say 36% of more than in 2005. The direction of the group justified this sum by the difficulties which it currently encounters on certain loans granted the United States.

HSBC will distribute to its shareholders a dividend of 81 hundreds in 2006.

Stock exchange data

Principal shareholders:

(2005): HongKong Monetary Authority 4,0%, floating 96,0%.

· Banking net profit in rise of 14%, to 70.070 million USD (61 704 USD million in 2005). For the year: · The net profit of exploitation progresses from 10% to 54.793 million USD (49 836 USD million in 2005). · The result before tax of the Group increases by 5% to 22.086 million USD (20 966 USD million in 2005). · The bottom line leaves the Group records a rise from 5% to 15.789 million USD (15 081 USD million in 2005). · The output of the funded capital is established to 14,9% (against 15,9% in 2005). · The earning per share arises in rise from 3% to 1,40 USD (1,36 USD in 2005).

Dividends and equities:

· The fourth installment on dividend for 2006 increased by 16,1% to reach 0,36 USD per action, carrying the total dividend of the year 2006 to 0,81 USD, that is to say an increase of 11% compared to 2005. · The ratio of equities Tier 1 is established to 9,4%, while the ratio of the total of equities reaches 13,5%. HSBC Holdings publishes a result before tax of 22.086 USD million.

HSBC recorded a result before taxes of 22.086 USD million, in rise of 1.120 USD million, that is to say 5%, compared to 2005.

The clear margin of interests is established to 34.486 USD million, in progression of 3.152 USD million, that is to say 10%, compared to 2005.

The net profit of exploitation before loads for depreciation of credits and other provisions for credit risk reaches 65.366 USD million, in rise of 7.729 USD million, that is to say 13%, compared to 2005.

The running costs increased by 4.039 million USD (14%) compared to 2005, to reach 33.553 USD million. With constant foreign exchange rates and perimeter, the running costs recorded a progression of 11%. The operating ratio of HSBC is established to 51,3%, against 51,2% in 2005.

The loads for depreciation of credits and other provisions for credit risk rise to 10.573 USD million in 2006, in rise of 2.772 USD million compared to 2005.

The tests of solvency of the Group remain solid to 9,4% for Tier 1 and 13,5% for the ratio of the total of equities at December 31st, 2006.

At December 31st, 2006, the total of the consolidated balance-sheet of the Group is established to 1.861 billion USD, in progression of 359 billion USD, that is to say 24%, since December 31st, 2005.

See too

Official site
HSBC France

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