The culture that powers HongkongBank
| HSBC Holdings comparison of principal subsidiaries, 1995 figures | |||
| Subsidiary | Pre-tax profit (£m) | Headcount | Cost/income % |
HongkongBank |
1185 |
21953 |
40.2 |
Midland Bank |
998 |
43572 |
67.3 |
Hang Seng Bank |
740 |
7926 |
27.2 |
HSBC Americas |
225 |
8012 |
56.6 |
HongkongBank Canada |
79 |
3373 |
57.1 |
British Bank of the Middle East |
77 |
2397 |
<50 |
Other |
368 |
13837 |
N/A |
Group |
3672 |
101070 |
55.9 |
| Source:HSBC Holdings annual report | |||
The Hong Kong and Shanghai Banking Corporation (HongkongBank) is only a part of the London-based financial group HSBC Holdings. It has total assets of $368 billion and a return on average shareholder funds of 22.6%, making it one of the world’s biggest financial groups.
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