HSBC Mexico Financial Report
HSBC Mexico
Operating income
Net Interest Income
MXN m
11,269
10,642
10,848
1H10
1H11
1H12
Fees
MXN m
3,332
1H10
HSBC ☑
2,948
3,003
1H11
1H12
☐
Higher net interest income, compared 1H12 vs
1H11, was due to loan portfolio growth, mainly
in payroll, consumer and commercial loans
■ Increased deposit volumes
Partially offset by lower spreads in credit cards,
payroll and business banking loans
Higher structuring fees earned from project
finance, and increased equity and debt capital
markets and trade services fees
Mostly offset by lower account services fees, as
customers migrated to electronic channels,
coupled with an increase in brokerage, credit
and debit card fees payable
Figures in MXN under local gaap
Source: 2Q12 and 2Q11 Press releases, HSBC Mexico
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