Net operating income for the nine months to 30 September 2008 was MXN1,638 million, down MXN1,294 million compared to the same period of 2007. It is interesting to note that insurance and upselling are as common in Mexico as it is in the U.S.. HSBC Mexico S.A. is Grupo Financiero HSBC , S.A. de C.V.’s (HSBC) primary subsidiary company and is subject to supervision by the Mexican Banking and Securities Commission.

Net operating income for the nine months to 30 September 2008 was MXN1,638 million, down MXN1,294 million compared to the same period of 2007.

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