HSBC 2015 Annual Report Download - page 125

HSBC HOLDINGS PLC
123
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Maximum exposure to credit risk
(Audited)
2015 2014
Maximum
exposure Offset Net
Maximum
exposure Offset Net
$m $m $m $m $m $m
Cash and balances at central banks 98,934
–
98,934 129,957
–
129,957
Items in the course of collection from other banks 5,768
–
5,768 4,927
–
4,927
Hong Kong Government certificates of indebtedness 28,410
–
28,410 27,674
–
27,674
Trading assets 158,346
–
158,346 228,944
–
228,944
–
Treasury and other eligible bills 7,829
–
7,829 16,170
–
16,170
–
debt securities 99,038
–
99,038 141,532
–
141,532
–
loans and advances to banks 22,303
–
22,303 27,581
–
27,581
–
loans and advances to customers 29,176
–
29,176 43,661
–
43,661
Financial assets designated at fair value 4,857
–
4,857 9,031
–
9,031
–
Treasury and other eligible bills 396
–
396 56
–
56
–
debt securities 4,341
–
4,341 8,891
–
8,891
–
loans and advances to banks 120
–
120 84
–
84
–
loans and advances to customers
–
–
–
–
–
–
Derivatives 288,476 (258,755) 29,721 345,008 (313,300) 31,708
Loans and advances to customers held at amortised cost 924,454 (52,190) 872,264 974,660 (67,094) 907,566
–
personal 371,203 (5,373) 365,830 388,954 (4,412) 384,542
–
corporate and commercial 493,078 (44,260) 448,818 535,184 (59,197) 475,987
–
non-bank financial institutions 60,173 (2,557) 57,616 50,522 (3,485) 47,037
Loans and advances to banks held at amortised cost 90,401 (53) 90,348 112,149 (258) 111,891
Reverse repurchase agreements
–
non-trading 146,255 (900) 145,355 161,713 (5,750) 155,963
Financial investments 423,120
–
423,120 404,773
–
404,773
–
Treasury and other similar bills 104,551
–
104,551 81,517
–
81,517
–
debt securities 318,569
–
318,569 323,256
–
323,256
Assets held for sale 40,078
–
40,078 1,375
–
1,375
–
disposal groups 38,097
–
38,097 889
–
889
–
non-current assets held for sale 1,981
–
1,981 486
–
486
Other assets 25,310
–
25,310 33,889
–
33,889
–
endorsements and acceptances 9,149
–
9,149 10,775
–
10,775
–
other 16,161
–
16,161 23,114
–
23,114
Total balance sheet exposure to credit risk 2,234,409 (311,898) 1,922,511 2,434,100 (386,402) 2,047,698
Total off-balance sheet2 712,546
–
712,546 698,458
–
698,458
–
financial guarantees and similar contracts 46,116
–
46,116 47,078
–
47,078
–
loan and other credit-related commitments2 666,430
–
666,430 651,380
–
651,380
At 31 December 2,946,955 (311,898) 2,635,057 3,132,558 (386,402) 2,746,156
For footnote, see page 191.
Loan and other credit-related commitments2
Europe Asia MENA
North
America
Latin
America To tal
$m $m $m $m $m $m
Personal 70,013 103,153 3,092 14,510 12,175 202,943
Corporate and commercial 105,303 159,947 20,139 102,369 18,155 405,913
Financial 20,230 11,619 186 24,543 996 57,574
At 31 December 2015 195,546 274,719 23,417 141,422 31,326 666,430
Personal 86,247 96,497 2,995 15,636 11,679 213,054
Corporate and commercial 98,045 138,366 20,141 102,911 17,540 377,003
Financial 26,605 9,355 711 23,559 1,093 61,323
At 31 December 2014 210,897 244,218 23,847 142,106 30,312 651,380
For footnote, see page 191.
Concentration of exposure
The geographical diversification of our lending portfolio
and our broad range of global businesses and products
ensured that we did not overly depend on a few markets
to generate growth in 2015. This diversification also
supported our strategy for growth in faster-growing
markets and those with international connectivity.
Financial investments
Our holdings of available-for-sale government and
government agency debt securities, corporate debt
securities, ABSs and other securities were spread across
a wide range of issuers and geographical regions in 2015,
with 14% invested in securities issued by banks and
other financial institutions and 75% in government or