Financial Highlights

The Hongkong and Shanghai Banking Corporation Limited

	2008	2007
For the year	HK$m	HK$m
Net operating income before loan impairment charges	124,264	127,009
Profit before tax	67,690	78,761
Profit attributable to shareholders	50,306	58,028

At year-end
Shareholder's equity	193,612	220,854
Total equity	216.486	245,934
Total capital base	190,598	206,449
Total regulatory capital	-	-
Customer accounts	2,576,084	2,486,106
Total assets	4,260,356	3,951,939

Ratios	%	%
Return on average shareholders' equity	24.3	32.1
Post-tax return on average total assets	1.31	1.78
Cost efficiency ratio	42.1	37.1
Net interest margin	2.36	2.37
Capital adequacy ratios
- capital adequacy	13.4	11.6
- core capital	10.3	8.8
- total capital	-	-
- tier 1 capital	-	-