EnglishAnnual Results at 31 December 2010
2010 highlights:
- A strong performance in a difficult financial environment; Profit before Tax: €628m + 15% vs. 2009
- Progress in Retail Banking commercial and financial performance; Profit beforeTax: €184m + 61% vs. 2009
- Performance of Global Banking and Markets reflecting more normal market conditions; Profit beforeTax: €293m
- Continued decline in cost of risk; Loan Impairment Charges: -32% vs. 2009
- Resilient and balanced business model; Retail + PrivateBanking: 40% GBM : 60% of Profit before Tax
- Robust HSBC France balance sheet; Core Tier1 ratio: 12.1%French liquidity ratio: 122%
Annual Results at 31 December 2009
Annual Results at 31 December 2008
Annual Results at 31 December 2007
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2007 highlights:
- very good financial results in a year of major change.
- a growing awareness of a dynamic brand.
- the acquisition of Erisa, renamed HSBC Assurances France in 2008.
- successful implementation of new IT systems, HUB for the Retail Banking and BIMAS for HSBC Private Bank.
- more than US$ 460M of revenues generated by HSBC in France for the benefit of other parts of the HSBC Group in 2007.
- in the current market turmoil, HSBC France has no direct exposure to US sub-prime and the liquidity crisis had little impact on 2007 results.
Annual Results at 31 December 2006
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2006 highlights:
- Good results in a year ripe with change
- Strong increase in brand recognition
- Acceleration in commercial development
- Improvements in customer service
Annual results at 31 December 2005
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2005 highlights:
- Income up 26.4% on 2004
- 2005 : major HSBC bank launched in France
- An expanded, more competitive service offering
- Very encouraging signs of a pick-up in activity across all customer bases
- Expanded distribution of HSBC France products throughout the global network
- Outlook for 2006: brand recognition, quality of service
Annual results at 31 December 2004
Press release
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2004 highlights:
Mobilisation at the strategic level :
• Robust commercial activity over the course of the year:
– Solid growth in deposits and loans under management
– Success for the HSBC Group product offering for Corporate customers
– Strengthening of positions acquired by the Corporate Investment Banking and Markets division, particularly in terms of bond and consultancy activities
– Excellent performances by the Asset Management division, resulting in an 18% increase in AUM to EUR 56 billion
• Necessary investments made to achieve strategic plan objectives
Annual results at 31 December 2003
Press release
Slide show
2003 highlights:
- Net profit rose (+11.7%) for the 20th year in a row.
- In 11 years (1992-2003), CCF’s net profit more than quadrupled (4.2x), representing average annual growth of 14%
- Solid increase in operating profit, excluding fund management activities (+11.3%)
- Another year of growth in operating profit for retail banking (+17.3%) thanks to the strong positioning of the different networks
- Significant pick-up in Corporate Investment Banking and Markets activities ( operating profit : +29.3%), with a further improvement in the Group’s positions
- Remarkable performances by the Asset Management division on the back of synergies with HSBC Group (AUM up 28.9% to EUR 47.3 billion)
- HSBC Private Bank France created through the merger of CCF’s four private banking entities
- Increase in the cost of risk, but to a moderate level
- Major investments order to modernise the IT systems
Annual results at 31 December 2002
2002 highlights:
- Further improvement in net profit despite a particularly difficult economic and financial environment
- Stricter cost and risk controls, while maintaining the necessary investments for strategic projects
- Very good performances in retail banking, particularly at regional banks
- Corporate Investment Banking and Markets continued to climb, with ongoing development of Corporate Banking and major progress in Corporate Finance.
- Activities linked to equity markets still negatively impacted by market trends, however operating income maintained
Half-yearly results at 30 June 2002
Annual results at 31 December 2001
2001 highlights:
- Further improvement in net profit despite a difficult economic environment
- Stricter cost and risk controls, while maintaining the necessary investments for strategic initiatives
- Major acquisition: Banque Hervet, March 2001
- Retail Banking showed strong resilience, with a particularly strong showing from regional banks
- Very good results in Corporate Banking, Fixed Income and Foreign Exchange Markets
- With the exception of a strong performance in Private Equity, activities linked to the equity markets were negatively impacted by market trends
