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97
13 Interest rate sensitivity
The following table provides an analysis of the interest rate sensitivity position based on contractual repricing dates of
assets and liabilities.
2013
Floating
rate
$m
Within
3 months
$m
3–12
months
$m
Average
interest rate
%
1–5 years
$m
Average
interest rate
%
Greater
than 5 years
$m
Average
interest rate
%
Non-interest
sensitive
$m
Total
$m
Cash and balances at central
bank ................................. – – – – – 165 165
Items in the course of
collection from other
banks ............................... – – – – – 107 107
Trading assets ........................ 3,880 2,821 27 1.1 – – – 6,728
Derivatives ............................ – – – – – 2,112 2,112
Loans and advances to banks – 938 – 1.0 – – 544 1,482
Loans and advances
to customers .................... 23,913 11,461 2,978 3.1 7,777 3.5 105 4.5 117 46,351
Financial investments ............ – 4,364 3,920 1.5 10,571 1.5 2,959 2.6 – 21,814
Acceptances .......................... – – – – – 4,757 4,757
Other assets ........................... – – – – – 744 744
Total assets ............................ 27,793 19,584 6,925 18,348 3,064 8,546 84,260
Deposits by banks ................. – 722 – 1.0 – – 483 1,205
Customer accounts ................ 26,040 5,640 8,167 1.0 2,969 2.6 – 9,028 51,844
Items in the course of
transmission to other
banks ............................... – – – – – 53 53
Trading liabilities .................. 4,269 – – 1.0 – – 127 4,396
Financial liabilities
designated at fair value ... – – – 428 4.8 – – 428
Derivatives ............................ – – – – – 1,746 1,746
Debt securities in issue .......... – 4,070 1,297 1.7 4,643 3.1 1,338 3.1 – 11,348
Acceptances .......................... – – – – – 4,757 4,757
Subordinated liabilities ......... – 39 – 1.7 200 5.0 – – 239
Other liabilities ...................... – – – – – 3,159 3,159
Shareholders’ equity .............. – – 250 6.6 350 5.1 – 4,285 4,885
Non controlling interest ........ – – – 200 5.2 – – 200
Total liabilities and
shareholders’ equity ........ 30,309 10,471 9,714 8,790 1,338 23,638 84,260
On-balance sheet gap ............ (2,516) 9,113 (2,789) 9,558 1,726 (15,092) –
Off-balance sheet positions ... – 1,696 (1,088) 1,330 (1,938) – –
Total interest rate gap ............ (2,516) 10,809 (3,877) 10,888 (212) (15,092) –