The world's local bank Annual Report and Accounts CCF - HSBC

CCF
CCF joined the HSBC Group in July 2000.
Headquartered in London, the HSBC Group is one of the largest banking and financial services
organisations in the world. HSBC’s international network comprises over 9,500 offices worldwide in 79
countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in
the Group’s parent company, HSBC Holdings plc, are held by around 200,000 shareholders in some
100 countries and territories.
In 2003, HSBC’s profit before tax (after goodwill amortisation–reported earnings) was US$12,816 million
and profit attributable was US$8,774 million. Total assets amounted to US$1,034 billion.
Geographical breakdown of profit before tax:
Year ended 31 December 2003
US$m %
Europe 4,862 33.7
Hong Kong 3,730 25.9
Rest of Asia-Pacific 1,426 9.9
North America 4,257 29.6
South America 126 0.9
Profit before tax–excluding goodwill amortisation 14,401 100.0
Goodwill amortisation (1,585)
Profit before tax (after goodwill amortisation–reported earnings) 12,816
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