DOCSLIB.ORG

Estados Financieros Intermedios Al 30 De Junio De 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Estados Financieros Intermedios Al 30 De Junio De 2020 JUDE DCPM )EJKNG* Guvcfqu Hkpcpekgtqu Kpvgtogfkqu rqt nqu rgtkqfqu vgtokpcfqu cn 41 fg Lwpkq fg 3131 { 312; { cn 42 fg Fkekgodtg fg 312; INFORME DE REVISIÓN DEL AUDITOR INDEPENDIENTE Santiago, 31 de julio de 2020 Señores Accionistas y Directores HSBC Bank (Chile) Hemos revisado el estado intermedio de situación financiera adjunto de HSBC Bank (Chile) al 30 de junio de 2020, y los estados intermedios de resultados, de resultados integrales por los períodos de seis meses terminados el 30 de junio de 2020 y 2019, y los correspondientes estados intermedios de flujos de efectivo y de cambio en el patrimonio por los períodos de seis meses terminados en esas fechas. Responsabilidad de la Administración por los estados financieros intermedios La Administración del Banco es responsable por la preparación y presentación razonable de los estados financieros intermedios de acuerdo con normas contables e instrucciones impartidas por la Comisión para el Mercado Financiero. Esta responsabilidad incluye el diseño, implementación y el mantención de un control interno suficiente para proporcionar una base razonable para la preparación y presentación razonable de los estados financieros intermedios, de acuerdo con el marco de preparación y presentación de información financiera aplicable. Responsabilidad del auditor Nuestra responsabilidad es realizar nuestra revisión de acuerdo con Normas de Auditoría Generalmente Aceptadas en Chile aplicables a revisiones de estados financieros intermedios. Una revisión de estados financieros intermedio consiste principalmente en aplicar procedimientos analíticos y efectuar indagaciones a las personas responsables de los asuntos contables y financieros. El alcance de una revisión es substancialmente menor que el de una auditoría efectuada de acuerdo con Normas de Auditoría Generalmente Aceptadas en Chile, cuyo objetivo es la expresión de una opinión sobre los estados financieros. Por lo tanto, no expresamos tal tipo de opinión. Conclusión Basados en nuestras revisiones, no tenemos conocimiento de cualquier modificación significativa que debiera hacerse a los estados financieros intermedios, mencionados en el primer párrafo, para que estén de acuerdo con normas contables e instrucciones impartidas por la Comisión para el Mercado Financiero. Santiago, 31 de julio de 2020 HSBC Bank (Chile) 2 Otros asuntos – Estado de situación financiera al 31 de diciembre de 2019 Con fecha 26 de febrero de 2020 emitimos una opinión sin salvedades sobre los estados financieros al 31 de diciembre de 2019 y 2018 de HSBC Bank (Chile), en los cuales se incluye el estado de situación financiera al 31 de diciembre de 2019, que se presenta en los estados financieros intermedios adjuntos, además de sus correspondientes notas. ! ! ! ! ! ! ! 0?EA8;C! ;?>?G8@A<BG<! DCE! .@8H;?C! 2<EBPB! 1<E;GJ<B! 5<DR@I<;8! 476-! '(%(+)%*,)$&%! /@! 9<EG?=?98;C! 9CEE<FDCB;?<BG<! DH<;<!I?FH8@?J8EF<!<B!@8!I<EF?QB!<@<9GEQB?98!;<!<FG<!;C9HA<BGC%! ! JUDE DCPM )EJKNG* EQPVGPKFQ Guvcfq Kpvgtogfkq fg Ukvwcekõp Hkpcpekgtc Guvcfq Kpvgtogfkq fg Tguwnvcfqu Guvcfq Kpvgtogfkq fg Qvtqu Tguwnvcfqu Kpvgitcngu Guvcfq Kpvgtogfkq fg Hnwlq fg Ghgevkxq Guvcfq Kpvgtogfkq fg Ecodkq gp gn Rcvtkoqpkq Pqvcu c nqu Guvcfqu Hkpcpekgtqu Kpvgtogfkqu OO%< Ekhtcu gzrtgucfcu gp oknnqpgu fg rguqu ejkngpqu Ïpfkeg Rãikpc Guvcfq kpvgtogfkq fg ukvwcekõp hkpcpekgtc 5 Guvcfq kpvgtogfkq fg tguwnvcfqu 6 Guvcfq kpvgtogfkq fg qvtqu tguwnvcfqu kpvgitcngu 7 Guvcfq kpvgtogfkq fg hnwlq fg ghgevkxq 8 Guvcfq kpvgtogfkq fg ecodkq gp gn rcvtkoqpkq ; Pqvcu c nqu guvcfqu hkpcpekgtqu< Pqvc 2/2 Kphqtocekõp igpgtcn 21 Pqvc 2/3 Rtkpekrcngu etkvgtkqu eqpvcdngu 21 Pqvc 3 Ecodkqu eqpvcdngu 22 Pqvc 4 Jgejqu tgngxcpvgu 22 Pqvc 5 Ugiogpvqu fg pgiqekqu 22 Pqvc 6 Ghgevkxq { gswkxcngpvg fg ghgevkxq 25 Pqvc 7 Kpuvtwogpvqu rctc pgiqekcekõp 26 Pqvc 8 Eqpvtcvqu fg fgtkxcfqu hkpcpekgtqu 27 Pqvc9 Cfgwfcfqrqtdcpequ 28 Pqvc ; Etëfkvqu { ewgpvcu rqt eqdtct c enkgpvgu 29 Pqvc 21 Kpuvtwogpvqu fg kpxgtukõp fkurqpkdngu rctc nc xgpvc 31 Pqvc 22 Kpvcpikdngu 32 Pqvc 23 Cevkxq hklq 33 Pqvc 24 Korwguvqu Eqttkgpvgu 34 Pqvc 25 Fgrõukvqu { qvtcu qdnkicekqpgu c nc xkuvc { ecrvcekqpgu c rnc|q 35 Pqvc 26 Eqpvkpigpekcu { eqortqokuqu 36 Pqvc 27 Rcvtkoqpkq 37 Pqvc 28 Kpitguqu { icuvqu rqt kpvgtgugu { tgclwuvgu 38 Pqvc 29 Wvknkfcf pgvc fg qrgtcekqpgu hkpcpekgtcu 39 Pqvc 2; Icuvqu fg cfokpkuvtcekõp 3; Pqvc 31 Qrgtcekqpgu eqp rctvgu tgncekqpcfcu 41 Pqvc 32 Jgejqu rquvgtkqtgu 43 JUDE DCPM )EJKNG* Guvcfq Kpvgtogfkq fg Ukvwcekõp Hkpcpekgtc Ncu pqvcu cflwpvcu hqtocp rctvg kpvgitcn fg guvqu guvcfqu hkpcpekgtqu kpvgtogfkqu/ 5 JUDE DCPM )EJKNG* Guvcfq Kpvgtogfkq fg Tguwnvcfqu Pq cwfkvcfq Pq cwfkvcfq Rqtgn rgtïqfq gpvtg gn 2²fg Gpgtq { gn Pqvcu 41fgLwpkq 41 fg Lwpkq 3131 312; OO% OO% Kpitguqu rqt kpvgtgugu { tgclwuvgu 28 11.124 14.616 Icuvqu rqt kpvgtgugu { tgclwuvgu 28 (5.946) (10.276) Kpitguqu pgvqu rqt kpvgtgugu { tgclwuvgu 5.178 4.340 Kpitguqu rqt eqokukqpgu { ugtxkekqu 2.473 1.712 Icuvqu rqt eqokukqpgu { ugtxkekqu (572) (326) Kpitguqu pgvqu rqt eqokukqpgu { ugtxkekqu 1.901 1.386 Wvknkfcf pgvc fg qrgtcekqpgu hkpcpekgtcu 29 12.785 4.622 Wvknkfcf )rëtfkfc* fg ecodkq- pgvc 4.027 2.796 Qvtqu kpitguqu qrgtcekqpcngu 252 - Vqvcn kpitguqu qrgtcekqpcngu 24.143 13.144 Rtqxkukqpgu rqt tkguiq fg etëfkvq (4.920) 233 KPITGUQ QRGTCEKQPCN PGVQ 19.223 13.377 Tgowpgtcekqpgu { icuvqu fgn rgtuqpcn (2.999) (3.201) Icuvqu fg cfokpkuvtcekõp 2; (2.877) (2.100) Fgrtgekcekqpgu { coqtvk|cekqpgu 22-23 (466) (543) Qvtqu icuvqu qrgtcekqpcngu (81) (264) VQVCN ICUVQUQRGTCEKQPCNGU (6.423) (6.108) TGUWNVCFQ QRGTCEKQPCN 12.800 7.269 Tguwnvcfq rqt kpxgtukqpgu gp uqekgfcfgu 4 4 Tguwnvcfq cpvgu fg korwguvq c nc tgpvc 12.804 7.273 Korwguvq c nc tgpvc 24 (1.217) (1.361) Tguwnvcfq fg qrgtcekqpgu eqpvkpwcu 11.587 5.912 Tguwnvcfq fg qrgtcekqpgu fgueqpvkpwcfcu -- WVKNKFCF0)RGTFKFC* FGN RGTKQFQ 11.587 5.912 TGUWNVCFQ FG NQURTQRKGVCTKQU 11.587 5.912 Ncu pqvcu cflwpvcu hqtocp rctvg kpvgitcn fg guvqu guvcfqu hkpcpekgtqu kpvgtogfkqu/ 6 JUDE DCPM )EJKNG* Guvcfq Kpvgtogfkq fg Tguwnvcfqu Kpvgitcngu Pq cwfkvcfq Pq cwfkvcfq Rqtgn rgtïqfq gpvtg gn 2²fg Gpgtq { gn 41 Lwpkq 41 fg Lwpkq 3131 312; OO% OO% WV KNKFCF0)RGTFKFC* FGN RGTKQFQ 11.587 5.912 Qvtqu tguwnvcfqu kpvgitcngu Xctkcekõp pgvc fg ectvgtc fkurqpkdng rctc nc xgpvc 4.986 9.745 Qvtqu tguwnvcfqu kpvgitcngu fgn rgtïqfq- pgvq fg korwguvqu - - TGUWNVCFQ KPVGITCN FG NQURTQRKGVCTKQU 16.573 15.657 Ncu pqvcu cflwpvcu hqtocp rctvg kpvgitcn fg guvqu guvcfqu hkpcpekgtqu kpvgtogfkqu/ 7 JUDE DCPM )EJKNG* Guvcfq Kpvgtogfkq fg Hnwlq fg Ghgevkxq Pqcwfkvcfq Pqcwfkvcfq 41Lwpkq 41fgLwpkq 3131 312; OO% OO% HNWLQQTKIKPCFQRQTCEVKXKFCFGUQRGTCEKQPCNGU Wvknkfcffgnrgtkqfq 11.587 5.912 Ectiqu)cdqpqu*ctguwnvcfquswgpqtgrtgugpvcpoqxkokgpvqfgghgevkxq Fgrtgekcekõp{coqtvk|cekqpgu 466 543 Rtqxkukqpgurqtcevkxqutkguiququ 4.920 (233) Wvknkfcfrqtkpxgtukõpgpuqekgfcfgu (4) (4) ClwuvgfgKpuvtwogpvqufgpgiqekcekõp 239 (38) Rëtfkfcgpxgpvcfgcevkxquhklqu 10 10 Wvknkfcffgecodkq (4.027) (2.796) Korwguvqcnctgpvcgkorwguvqfkhgtkfq 5.075 2.380 Kpvgtgugu-tgclwuvgu{eqokukqpgufgxgpicfquuqdtgcevkxqu{rcukxqu (340) (6.105) Qvtquectiquswgpqukipkhkecpoqxkokgpvqfgghgevkxq 808 (563) Xctkcekõppgvcfgnqucevkxqu{rcukxquswgchgevcpgnhnwlqfgncqrgtcekõp< Fkuokpwekõp0)Cwogpvq* cfgwfcfqurqtdcpequ 4.825 (5.993) Fkuokpwekõp0)Cwogpvq*pgvcfgetëfkvqu{ewgpvcurqteqdtctcenkgpvgu 54.214 (62.977) Fkuokpwekõp0)Cwogpvq*pgvcgpfkurqpkdngurctcncxgpvc 64.267 (120.773) Cwogpvq0)Fkuokpwekõp*pgvcfgfgrõukvqu{ecrvcekqpgucrnc|q 58.204 (25.477) Cwogpvqpgvqfgfgrõukvqu{qvtcuqdnkicekqpgucncxkuvc 55.326 38.589 )Cwogpvq*0Fkuokpwekõppgvqfgkpuvtwogpvqurctcpgiqekcekõp (2.609) 21.458 Cwogpvq0)Fkuokpwekõp*fgqdnkicekqpgueqpdcpequ 30.799 (25.126) )Fkuokpwekõp*fgqvtcuqdnkicekqpguhkpcpekgtcu - (40) )Fkuokpwekõp*0Cwogpvqpgvqfgeqpvtcvqufgtkxcfquhkpcpekgtqu (18.763) 14.359 Cwogpvqpgvqfgqvtqucevkxqu{rcukxqu 5.994 14.633 Fkxkfgpfqutgekdkfqufgkpxgtukqpgugpuqekgfcfgu 4 4 VqvcnHnwlqfgghgevkxqwvknk|cfqgpcevkxkfcfgufgncqrgtcekõp 270.995 (152.237) Ncu pqvcu cflwpvcu hqtocp rctvg kpvgitcn fg guvqu guvcfqu hkpcpekgtqu kpvgtogfkqu/ 8 JUDE DCPM )EJKNG* Guvcfq Kpvgtogfkq fg Hnwlq fg Ghgevkxq- eqpvkpwcekõp Pqcwfkvcfq Pqcwfkvcfq 41Lwpkq 41fgLwpkq 3/131 3/12; OO% OO% HNWLQQTKIKPCFQRQTCEVKXKFCFGUFGKPXGTUKQP Eqortcfgcevkxqhklqgkpvcpikdngu (147) (378) XgpvcCevkxqHklq 30 48 Hnwlqfgghgevkxqwvknk|cfqgpcevkxkfcfgufgkpxgtukõp (117) (330) HNWLQQTKIKPCFQRQTCEVKXKFCFGUFGHKPCPEKCOKGPVQ Fkuvtkdwekõpfgfkxkfgpfqu (4.215) (1.938) Hnwlqfgghgevkxqpgvqqtkikpcfqrqtcevkxkfcfgufghkpcpekcokgpvq (4.215) (1.938) Ghgevquqdtggnghgevkxq Xctkcekõpghgevkxq{fwtcpvggnrgtkqfq 266.663 (154.505) Ucnfqkpkekcnfgnghgevkxq{gswkxcngpvgfgghgevkxq 177.418 331.923 Ucnfqhkpcnfgnghgevkxq {gswkxcngpvgfgghgevkxq 444.081 177.418 Ncu pqvcu cflwpvcu hqtocp rctvg kpvgitcn fg guvqu guvcfqu hkpcpekgtqu kpvgtogfkqu/ 9 JUDE DCPM )EJKNG* Guvcfq Kpvgtogfkq fg ecodkq gp gn rcvtkoqpkq Ncu pqvcu cflwpvcu hqtocp rctvg kpvgitcn fg guvqu guvcfqu hkpcpekgtqu kpvgtogfkqu/ ; JUDE DCPM )EJKNG* Pqvcu c nqu Guvcfqu Hkpcpekgtqu Kpvgtogfkqu Pqvc 2/2 Kphqtocekõp Igpgtcn Cpvgegfgpvgu fgn Dcpeq JUDE Dcpm Ejkng )gn Dcpeq* gu wpc uqekgfcf cpõpkoc egttcfc- tgiwncfc rqt nc Eqokukõp rctc gn Ogtecfq Hkpcpekgtq )EOH*/ Gn Dcpeq qdvwxq nc cwvqtk|cekõp fg gzkuvgpekc gp Ejkng rqt rctvg fg nc EOH- ogfkcpvg nc tguqnwekõp P² 227 fgn 18 fg pqxkgodtg fg 3113 { nc cwvqtk|cekõp rctc qrgtct ogfkcpvg gn egtvkhkecfq fg cwvqtk|cekõp fg gzkuvgpekc { gzvtcevq fg nqu guvcvwvqu fg JUDE Dcpm )Ejkng* fgn 2; fg fkekgodtg fg 3113- fcpfq kpkekq c uwu cevkxkfcfgu eqogtekcngu gn 13 fg gpgtq fg 3114/ Gn fqokeknkq uqekcn fgn Dcpeq guvã wdkecfq gp Kukfqtc Iq{gpgejgc $3911 Rkuq 34-
Load more

Recommended publications
  • Hsbc Premier Terms & Charges Disclosure
    HSBC PREMIER The following information was correct as of 09/24/2021 Have questions or need current rate information? TERMS & CHARGES DISCLOSURE1 Call us at 888.662.HSBC (4722) It's important that you understand exactly how your HSBC Premier checking account works. We've created this summary to explain the fees and some key terms of your account. To qualify you must be a consumer and maintain: Balances of $75,000 in qualifying balances (see qualifying balance section); OR Monthly recurring direct deposits2 totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000, not an aggregate of ELIGIBILITY multiple mortgages. Home Equity products are not included. Participation in HSBC Jade is available to holders of an HSBC Premier Checking Account who have maintained qualifying Personal Cash Accounts and Personal Investment Assets (excluding Retirement Accounts and Assets) in the United States which in aggregate and calculated as an average over each calendar month are equal to at least $1,000,000 (One million U.S. dollars) for a period of at least 1 calendar month (a “Qualifying Balance”) immediately prior to HSBC Premier Account Holders becoming HSBC Jade clients. As a HSBC Jade client, if you are no longer able to meet the HSBC Jade criteria, your access to all its benefits will be removed. RATE Minimum Balance to Obtain APY Interest Rate Annual Percentage Yield (APY) INFORMATION (For more details $5 or more 0.01% 0.01% see HOW INTEREST AND APY WORK section Less than $5 No Interest Earned No APY Earned in the Rules)3 Minimum Balance requirements to earn interest are met by maintaining a “Daily Balance” of specified dollar amounts in your relationship checking account.3 Method Used to Compute Daily This method applies a daily periodic rate to the principal in the account ADDITIONAL Interest Balance each day.
    [Show full text]
  • HSBC HOLDINGS Plc Silent Social Report 1999-2000
    HSBC HOLDINGS plc Silent Social Report 1999-2000 Report collated from information provide in the company’s reports and other documents issued directly by the company 1 DRAFT HSBC Holdings plc – Silent Social Report Mission and Policy Statement MISSION AND POLICY STATEMENTS HSBC is a global banking and financial services organisation headquartered in the United Kingdom. (…) We conduct business in a wide variety of social and business cultures and in a broad range of political environments. ......The HSBC Group’s international network comprises some 6,500 offices 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 and Paris stock exchanges, shares in HSBC Holdings plc are held by around 190,000 shareholders in some 100 countries and territories. The HSBC Group is committed to five Core Business Principles: outstanding customer service; effective and efficient operations; strong capital and liquidity; conservative lending policy; strict expense discipline; through loyal and committed employees who make lasting customer relationships and international teamwork easier to achieve. (YL:11) 2 DRAFT HSBC Holdings plc – Silent Social Report Corporate Governance Statement CORPORATE GOVERNANCE STATEMENT The Group is committed to high standards of corporate governance. The Company has complied throughout the year with the provisions of Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong and with the best practice provisions of the Combined Code on corporate governance introduced by the London Stock Exchange. As a commercial organisation, our governing objective is to provide a satisfactory return on shareholders’ capital.
    [Show full text]
  • Brown Brothers Harriman Global Custody Network Listing
    BROWN BROTHERS HARRIMAN GLOBAL CUSTODY NETWORK LISTING Brown Brothers Harriman (Luxembourg) S.C.A. has delegated safekeeping duties to each of the entities listed below in the specified markets by appointing them as local correspondents. The below list includes multiple subcustodians/correspondents in certain markets. Confirmation of which subcustodian/correspondent is holding assets in each of those markets with respect to a client is available upon request. The list does not include prime brokers, third party collateral agents or other third parties who may be appointed from time to time as a delegate pursuant to the request of one or more clients (subject to BBH's approval). Confirmations of such appointments are also available upon request. COUNTRY SUBCUSTODIAN ARGENTINA CITIBANK, N.A. BUENOS AIRES BRANCH AUSTRALIA CITIGROUP PTY LIMITED FOR CITIBANK, N.A AUSTRALIA HSBC BANK AUSTRALIA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) AUSTRIA DEUTSCHE BANK AG AUSTRIA UNICREDIT BANK AUSTRIA AG BAHRAIN* HSBC BANK MIDDLE EAST LIMITED, BAHRAIN BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BANGLADESH* STANDARD CHARTERED BANK, BANGLADESH BRANCH BELGIUM BNP PARIBAS SECURITIES SERVICES BELGIUM DEUTSCHE BANK AG, AMSTERDAM BRANCH BERMUDA* HSBC BANK BERMUDA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BOSNIA* UNICREDIT BANK D.D. FOR UNICREDIT BANK AUSTRIA AG BOTSWANA* STANDARD CHARTERED BANK BOTSWANA LIMITED FOR STANDARD CHARTERED BANK BRAZIL* CITIBANK, N.A. SÃO PAULO BRAZIL* ITAÚ UNIBANCO S.A. BULGARIA* CITIBANK EUROPE PLC, BULGARIA BRANCH FOR CITIBANK N.A. CANADA CIBC MELLON TRUST COMPANY FOR CIBC MELLON TRUST COMPANY, CANADIAN IMPERIAL BANK OF COMMERCE AND BANK OF NEW YORK MELLON CANADA RBC INVESTOR SERVICES TRUST FOR ROYAL BANK OF CANADA (RBC) CHILE* BANCO DE CHILE FOR CITIBANK, N.A.
    [Show full text]
  • HSBC Mexico Board of Directors
    HSBC Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC Board of Directors April 2021 Board of Directors Executive Directors • Paulo Cezar Torre Maia (Chairman) • Jorge Arturo Arce Gama • Brian Joseph McGuire Non Executive Directors • Claudia Jañez Sanchez • Andrés Rozental Gutman • Edgar Ancona • Eduardo Serrano Berry • Nick Fishwick • Deputy Non Executive Director • Luis Miguel Vilatela Riba |PUBLIC| Executive Directors - Appointment Date • Paulo Cezar Torre Maia, shareholders meeting held in July 3rd 2015. • Jorge Arturo Arce Gama, shareholders meeting held in February 24th 2020. • Brian Joseph McGuire, shareholders meeting held in April 27th 2018. |PUBLIC| Non Executive Directors - Appointment Date • Claudia Jañez Sanchez, shareholders meeting held in April 15st 2021. • Andrés Rozental Gutman, shareholders meeting held in September 9th 2013. • Edgar Ancona, shareholders meeting held in October 21st 2015. • Eduardo Serrano Berry, shareholders meeting held in October 21st 2015. • Nick Fishwick, shareholders meeting held in October 21st 2015. Deputy Non Executive Director - Appointment Date • Luis Miguel Vilatela Riba, shareholders meeting held in April 15st 2021. |PUBLIC| Executive Directors – Bio Data • Paulo Cezar Torre Maia He is the current CEO (Chief Executive Officer) of HSBC LAM since July 2015. Previously he was appointed as Chairman and CEO of HSBC Canada and before that in HSBC Australia. Mr. Maia has a Bachelor Degree in Mechanical Engineering and a Master in Industrial Engineering, both from the Catholic University of Rio de Janeiro in Brazil. • Jorge Arturo Arce Gama He is the current CEO (Chief Executive Officer) of HSBC Mexico since February 2020. Previously he worked in Banco Santander México appointed as Deputy General Director of Global Banking and Markets and before he was appointed as the CEO of Deutsche Bank México.
    [Show full text]
  • HSBC Saudi Arabia Directors' Report 31 December 2019
    HSBC Saudi Arabia Directors’ Report 31 December 2019 1 2 HSBC SAUDI ARABIA Table of Contents 1. Principal activities 4 Business Overview 4 Global Banking and Markets (GBM) 4 Retail Banking and Wealth Management (RBWM) 4-7 2. Strategic Focus 8 Strategic Highlights 8-9 3. People 10 4. Corporate Social Responsbility 10 5. Financial results and business segment performance highlights 11 Key financial highlights 11-13 6. Risk Overview and Risk Management 14-22 7. Legal Entity Structure 23-24 8. Corporate Governance 24 Corporate governance principles 24 Directors of the Board 24 Profiles of Directors 2-26 Board meetings 27 Board committees 28 Audit committee 28 Nomination and remuneration committee 29 Executive committee 30 Board Risk Committee 31 Dividends 32 Accounting standards 32 9. Statutory payments 32 10. Remuneration Report 33 11. Board of directors’ assurance 33 12. Internal controls 33 13. Penalties 34 14. HSBC SA general meetings 35 15. Appointment of external auditors 35 16. Board of directors’ approval 35 3 HSBC SAUDI ARABIA Directors’ Report The Board of Directors (the “Board”) is pleased to submit to shareholders the Annual Report of HSBC Saudi Arabia (“HSBC SA”) for the financial year ended 31st December 2019. 1. Principal activities HSBC Saudi Arabia (“the Company”) is a Saudi closed joint stock company registered in the Kingdom of Saudi Arabia under Commercial Registration No. 1010221555 and regulated by the Capital Market Authority, pursuant to Capital Market Authority Licence No. 05008-37, whose principal place of business in the Kingdom of Saudi Arabia is at HSBC Building, 7267 Olaya- Al Morooj, Riyadh 12283-2255 Kingdom of Saudi Arabia.
    [Show full text]
  • Using Your HSBC Credit Cards Using Your HSBC Credit Cards 1
    Using Your HSBC Credit Cards Using Your HSBC Credit Cards 1. Purchasing Goods And Services Your Credit Card is currently accepted at merchants worldwide wherever a VISA logo is displayed. You will be required to sign a sales slip which contains details of your Credit Card and the purchase amount. Please check all the information and amount before you sign. After you sign the sales slip, you will receive a copy of the slip along with your card. Please ensure the Card returned to you is yours and not a card belonging to another person. You should keep the sales slip copy to check with your Credit Card statement to make sure the purchase amount has been correctly recorded. 2. Online HSBC Credit Cards can be used for online purchases at merchants which accept Visa Credit Cards. To minimize the risk of your Card information getting misused during the online purchase process, we recommend you to use Verified by Visa Service through HSBC Internet Banking. For more details, please visit www.hsbc.com.vn 3. Cash Withdrawal 4. Security You can access cash with your Credit Card with cash SMS Alert: We keep you updated on your purchase advance limit of up to VND 16 million per day (subject transactions on your Card account via SMS on your to your available cash advance limit). You can access mobile phone. cash at HSBC ATMs, Techcombank ATMs or any SecurePay (Verified by Visa): This free service ATM displaying the VISA/PLUS logo. provides extra security when shopping online with your HSBC Visa Credit Card.
    [Show full text]
  • Basic Banking Terms & Charges Disclosure1
    BASIC BANKING The following information was correct as of 10/01/2021 Have questions or need current rate information? 1 Call us at 800.975.HSBC (4722) TERMS & CHARGES DISCLOSURE It’s important that you understand exactly how your Basic Banking account works. We’ve created this summary to explain the fees and some key terms of your account. ELIGIBILITY The Basic Banking account has no minimum balance requirement and the Monthly Maintenance Fee is $1 per calendar month. RATE Minimum Balance to Obtain APY Interest Rate Annual Percentage Yield (APY) INFORMATION Not Applicable Not Applicable Not Applicable Method Used to Compute Interest Not Applicable ADDITIONAL RATE Compounding Period Not Applicable INFORMATION Interest is Credited Not Applicable Regardless of balance. A calendar month is defined as the period of duration from the first date of one month to the last date of the same month, and thus can be 28 (29 during a leap year), 30, or 31 days long. For example, the duration from January 1 to January 31. Monthly Maintenance Fee $1 The Monthly Maintenance Fee will be assessed on the second Business MONTHLY Day following the first Friday of the next calendar month. If New Year's MAINTENANCE Day falls on a Friday, the assessment is delayed by one week. FEE You will not be assessed a Monthly Maintenance Fee for the calendar month in which you opened your account. Fee for each check/withdrawal slip processed by HSBC over 8 in a calendar month. You may make an unlimited number of deposits without any additional charge.
    [Show full text]
  • Unterverwahrung Die Informationen Dieser Anlage Hat Die Gesellschaft Von Der Verwahrstelle Mitgeteilt Bekommen
    Unterverwahrung Die Informationen dieser Anlage hat die Gesellschaft von der Verwahrstelle mitgeteilt bekommen. Die Gesellschaft hat diese Informationen nur auf Plausibilität geprüft. Sie ist auf die Zulieferung der Information durch die Verwahrstelle angewiesen und kann die Richtigkeit und Vollständigkeit im Einzelnen nicht überprüfen. Die Verwahrstelle hat verschiedene Zwischen-Unterverwahrer mit der Verwahrung der Vermögensgegenstände beauftragt. Die Zwischen-Unterverwahrer wiederum haben die Verwahraufgaben auf verschiedene weitere Unterverwahrer übertragen, die in den in der Unterverwahrliste jeweils aufgeführten Ländern ansässig sind, um die jeweiligen Vermögensgegenstände in den jeweiligen Ländern zu verwahren. Folgende Interessenkonflikte könnten sich aus der Unterverwahrung ergeben: Fallgruppe 1 Sofern in der von der Verwahrstelle zur Verfügung gestellten Unterverwahrliste Gesellschaften mit der Bezeichnung „Deutsche Bank …“ genannt sind, handelt es sich um Niederlassungen oder Tochtergesellschaften der Deutsche Bank Gruppe und um ein mit der Verwaltungsgesellschaft verbundenes Unternehmen. Fallgruppe 2 Mit Unterverwahrern, die nicht unter die Fallgruppe 1 fallen, werden keine Interessenskonflikte gesehen. Potentielle Interessenkonflikte würden durch die Gestaltung des Verwahrstellen-/ Unterverwahrervertrags gesteuert werden. Die Verwahrstelle geht nach eigenen Angaben mit den Interessenkonflikten wie folgt um: Die Verwahrstelle hat angemessene und wirksame interne Regelwerke eingeführt, um eigene potentielle Interessenkonflikte
    [Show full text]
  • European Growth Economics - Eurozone
    8 February 2021 Free to View European Growth Economics - Eurozone Up, down, up Eurozone Q4 GDP growth surprised to the upside, as Simon Wells Chief European Economist investment showed remarkable resilience HSBC Bank plc This brightens the medium term outlook slightly, even though Elizabeth Martins the consumption recovery may be delayed further Senior Economist HSBC Bank plc We revise eurozone growth down for 2021 and up for 2022 Fabio Balboni Senior Economist HSBC Bank plc Q4 GDP growth surprised to the upside in the eurozone Eurozone GDP contracted 0.7% q-o-q in Q4 2020 according to the preliminary release. Chantana Sam Economist But the consensus in December was for a much larger 2.7% quarterly fall. So relative HSBC Continental Europe to expectations just a month or so ago, Q4 GDP surprised massively to the upside. France and Spain posted the biggest upside surprises, while a small Q4 expansion in Stefan Schilbe Chief Economist, Germany Germany means it should now avoid a technical double-dip recession. HSBC Trinkaus & Burkhardt AG Initial data from France suggest investment accounted for much of the unexpected Chris Hare resilience. There was a sizable fall in household consumption, in line with our Senior Economist expectations, whereas investment actually grew. Housing investment, related to a HSBC Bank plc buoyant residential property market, seems to be accounting for part of this resilience. And IT investment has been robust, most likely related to firms adapting to new working practices and expanding on-line offerings.
    [Show full text]
  • About HSBC in the USA HSBC North America Holdings Inc
    About HSBC in the USA HSBC North America Holdings Inc. is the holding company for HSBC Holdings plc's operations in the United States with assets of US$307.8bn (US GAAP) at 30 June 2017. The company’s businesses serve customers in the following key areas: retail banking and wealth management, commercial banking, private banking, and global banking and markets. HSBC Bank USA, National Association (HSBC Bank USA, N.A.), with assets of US$191.9bn (US GAAP) at 30 June 2017, serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly- owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of the FDIC. Investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/ SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc. HSBC Finance Corporation, through its subsidiaries, owns and services a portfolio of residential real estate loans. HSBC Finance Corporation is a subsidiary of HSBC North America Holdings Inc. HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth individuals, small businesses, corporations, institutions and governments.
    [Show full text]
  • HSBC Bank Bermuda Limited Financial Statements 2020 1 Independent Auditor's Report
    ;+;+ 2020 HSBC BANK BERMUDA LIMITED Consolidated Financial Statements Contents Page Independent auditor’s report 2 Consolidated financial statements 4 Consolidated income statement 4 Consolidated statement of comprehensive income 4 Consolidated balance sheet 5 Consolidated statement of cash flows 6 Consolidated statement of changes in equity 7 Notes on the consolidated financial statements 8 1 Basis of preparation 8 2 Significant accounting policies 9 3 Net interest income and net fee income 17 4 Employee compensation and benefits 17 5 Share-based payments 19 6 Tax expense 20 7 Derivatives 20 8 Loans and advances to banks 21 9 Credit risk 23 10 Loans and advances to customers 26 11 Financial investments 28 12 Fair values of financial investments carried at fair value 30 13 Property and equipment 31 14 Group entities 31 15 Provisions 32 16 Contingent liabilities, contractual commitments and guarantees 32 17 Maturity analysis of financial assets and financial liabilities 33 18 Interest rate analysis of financial instruments 35 19 Foreign currency exposures 36 20 Risk management 36 21 Litigation 46 22 Related party transactions 47 23 Equity 48 HSBC Bank Bermuda Limited Financial Statements 2020 1 Independent auditor's report To the Board of Directors and Shareholder of HSBC Bank Bermuda Limited Our opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of HSBC Bank Bermuda Limited (the Company) and its subsidiaries (together ‘the Group’) as at 31 December 2020, and their consolidated financial performance and their consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards.
    [Show full text]
  • Board of Directors and Senior Management
    HSBC HOLDINGS PLC Board of Directors and Senior Management Directors † The Rt Hon the Lord Butler of Brockwell, KG, GCB, CVO S K Green, Group Chairman Age 68. Master, University College, Oxford. A non- Age 57. An executive Director since 1998; Group executive Director since 1998. Chairman of the Chief Executive from 2003 to 26 May 2006. Joined Corporate Responsibility Committee, a member of HSBC in 1982. Chairman of HSBC Bank plc, HSBC the Nomination Committee and Chairman of the Bank USA, N.A., HSBC Private Banking Holdings HSBC Global Education Trust. A non-executive (Suisse) SA, and HSBC USA Inc. A Director Director of Imperial Chemical Industries plc. A of HSBC France, The Hongkong and Shanghai member of the International Advisory Board of Banking Corporation Limited, Grupo Financiero Marsh McLennan Inc. Chaired the UK Government HSBC, S.A. de C.V., HSBC North America Holdings Review of Intelligence on Weapons of Mass Inc. and HSBC Trinkaus & Burkhardt KGaA. Group Destruction in 2004. Secretary of the Cabinet and Treasurer from 1992 to 1998. Executive Director, Head of the Home Civil Service in the United Corporate, Investment Banking and Markets from Kingdom from 1988 to 1998. 1998 to 2003. † R K F Ch’ien, CBE * The Baroness Dunn, DBE, Deputy Chairman and Age 54. Chairman of CDC Corporation and of its senior non-executive Director subsidiary, China.com Inc. A non-executive Director Age 66. An executive Director of John Swire & Sons since 1998. A member of the Group Audit Limited and a Director of Swire Pacific Limited. A Committee. Non-executive Chairman of HSBC non-executive Director since 1990 and a non- Private Equity (Asia) Limited and a non-executive executive Deputy Chairman since 1992.
    [Show full text]