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Directory Results for Institucin de Banca Mltiple, Grupo Financiero HSBC AND SUBSIDIARIES Consolidated Financial Statements December 31, 2011 and 2010 (With Independent Auditors Report Thereon) (Translation from Spanish Language Original) Independent Auditors to INSTITUCIN DE ENSEANZA E INVESTIGACIN EN CIENCIAS

Institucin de Banca Mltiple, Grupo Financiero HSBC AND SUBSIDIARIES Consolidated Financial Statements December 31, 2011 and 2010 (With Independent Auditors Report Thereon) (Translation from Spanish Language Original) Independent Auditors
INSTITUCIN DE ENSEANZA E INVESTIGACIN EN CIENCIAS