HSBC 2009 Annual Report Download - page 236

HSBC HOLDINGS PLC
Report of the Directors: Risk (continued)
Credit risk > Impairment allowances > Movements
234
Movement in impairment allowances by industry sector and by geographical region
(Audited)
2009
Europe
Hong
Kong
Rest of
Asia-
Pacific7
Middle
East7
North
America
Latin
America Total
US$m US$m US$m US$m US$m US$m US$m
Impairment allowances at 1 January ........................ 3,922 733 813 414 16,090 2,000 23,972
Amounts written off ................................................. (2,781) (357) (850) (384) (17,792) (2,676) (24,840)
Personal2 ................................................................ (1,876) (240) (787) (376) (17,204) (2,220) (22,703)
– residential mortgages2 ...................................... (41) (1) (9) – (4,610) (43) (4,704)
– other personal2 ................................................. (1,835) (239) (778) (376) (12,594) (2,177) (17,999)
Corporate and commercial ..................................... (810) (117) (63) (8) (534) (452) (1,984)
– commercial, industrial and international
trade .................................................................. (438) (114) (50) (8) (228) (255) (1,093)
– commercial real estate and other property-
related ............................................................... (148) (1) (3) – (163) (12) (327)
– other commercial ............................................. (224) (2) (10) – (143) (185) (564)
Financial33 .............................................................. (95) – – – (54) (4) (153)
Recoveries of amounts written off in previous
years ....................................................................... 265 34 132 27 93 339 890
Personal .................................................................. 200 32 123 25 60 272 712
– residential mortgages ....................................... 28 6 1 – 7 19 61
– other personal ................................................... 172 26 122 25 53 253 651
Corporate and commercial ..................................... 57 2 9 2 33 67 170
– commercial, industrial and international
trade .................................................................. 52 2 7 2 16 44 123
– commercial real estate and other property-
related ............................................................... 5–1–2 1 9
– other commercial ............................................. – – 1 – 15 22 38
Financial33 .............................................................. 8 – – – – – 8
Charge to income statement34 ................................... 4,409 450 874 1,333 15,372 2,504 24,942
Personal .................................................................. 1,995 206 654 593 14,390 1,943 19,781
– residential mortgages ....................................... 158 (16) 14 20 3,955 54 4,185
– other personal ................................................... 1,837 222 640 573 10,435 1,889 15,596
Corporate and commercial ..................................... 2,163 244 220 706 818 560 4,711
– commercial, industrial and international
trade .................................................................. 963 164 154 413 309 389 2,392
– commercial real estate and other property-
related ............................................................... 958 70 29 106 288 41 1,492
– other commercial ............................................. 242 10 37 187 221 130 827
Financial33 .............................................................. 251 – – 34 164 1 450
Exchange and other movements ............................... 412 (56) 27 3 (87) 386 685
Impairment allowances at 31 December8 ............. 6,227 804 996 1,393 13,676 2,553 25,649
Impairment allowances against banks:
– individually assessed ......................................... 92 – – 15 – – 107
Impairment allowances against customers:
– individually assessed ......................................... 3,742 490 508 688 650 416 6,494
– collectively assessed8,35 ...................................... 2,393 314 488 690 13,026 2,137 19,048
Impairment allowances at 31 December8 ................. 6,227 804 996 1,393 13,676 2,553 25,649
% % % % % % %
Impairment allowances against customers as a
percentage of loans and advances to customers:
– individually assessed ......................................... 0.84 0.49 0.63 2.84 0.29 0.83 0.70
– collectively assessed35 ....................................... 0.54 0.31 0.60 2.85 5.91 4.26 2.07
At 31 December ........................................................ 1.38 0.80 1.23 5.69 6.20 5.09 2.77