The culture that powers HongkongBank
| HSBC Holdings comparison of principal subsidiaries, 1995 figures | |||
| Subsidiary | Pre-tax profit (£m) | Headcount | Cost/income % |
| HongkongBank |
1185 |
21953 |
40.2 |
| Midland Bank |
998 |
43572 |
67.3 |
| Hang Seng Bank |
740 |
7926 |
27.2 |
| HSBC Americas |
225 |
8012 |
56.6 |
| HongkongBank Canada |
79 |
3373 |
57.1 |
| British Bank of the Middle East |
77 |
2397 |
<50 |
| Other |
368 |
13837 |
N/A |
| Group |
3672 |
101070 |
55.9 |
| Source:HSBC Holdings annual report | |||
The Hong Kong and Shanghai Banking Corporation (HongkongBank) is only a part of the London-based financial group HSBC Holdings. It has total assets of $368 billion and a return on average shareholder funds of 22.6%,