HSBC 2008 Annual Report Download - page 228

HSBC HOLDINGS PLC
Report of the Directors: Risk (continued)
Credit risk > Impairment allowances > Movements
226
Movement in impairment allowances by industry sector and by geographical region
(Audited)
2008
Europe
Hong
Kong
Rest of
Asia-
Pacific
North
America
Latin
America
Total
US$m US$m US$m US$m US$m US$m
Impairment allowances at 1 January ........................... 3,938 376 926 11,980 1,992 19,212
Amounts written off .................................................... (2,483) (219) (838) (12,215) (2,200) (17,955)
Personal ..................................................................... (1,947) (179) (799) (11,989) (1,711) (16,625)
– residential mortgages .......................................... (3) (1) (6) (2,030) (70) (2,110)
– other personal ...................................................... (1,944) (178) (793) (9,959) (1,641) (14,515)
Corporate and commercial ........................................ (515) (38) (39) (214) (488) (1,294)
– commercial, industrial and international trade ... (367) (33) (22) (153) (214) (789)
– commercial real estate and other property-related (77) (2) (4) (12) (20) (115)
– other commercial ................................................ (71) (3) (13) (49) (254) (390)
Financial4 .................................................................. (21) (2) – (12) (1) (36)
Recoveries of amounts written off in previous years .. 294 39 137 100 264 834
Personal ..................................................................... 275 36 124 54 197 686
– residential mortgages .......................................... – 7 1 – 11 19
– other personal ...................................................... 275 29 123 54 186 667
Corporate and commercial ........................................ 19 3 8 45 67 142
– commercial, industrial and international trade ... 19 1 6 27 23 76
– commercial real estate and other property-related ––15 – 6
– other commercial ................................................ – 2 1 13 44 60
Financial4 .................................................................. – – 5 1 – 6
Charge to income statement1 ....................................... 3,411 556 1,089 16,589 2,486 24,131
Personal ..................................................................... 1,961 160 860 16,006 1,963 20,950
– residential mortgages .......................................... 18 – 29 4,943 10 5,000
– other personal ...................................................... 1,943 160 831 11,063 1,953 15,950
Corporate and commercial ........................................ 1,304 363 220 472 520 2,879
– commercial, industrial and international trade ... 537 316 171 213 336 1,573
– commercial real estate and other property-related 540 28 21 132 34 755
– other commercial ................................................ 227 19 28 127 150 551
Financial4 .................................................................. 146 33 9 111 3 302
Exchange and other movements .................................. (1,238) (19) (87) (364) (542) (2,250)
Impairment allowances at 31 December ................. 3,922 733 1,227 16,090 2,000 23,972
Impairment allowances against banks:
– individually assessed ............................................ 63 – – – – 63
Impairment allowances against customers:
– individually assessed ............................................ 2,005 411 448 192 228 3,284
– collectively assessed3 ........................................... 1,854 322 779 15,898 1,772 20,625
Impairment allowances at 31 December ..................... 3,922 733 1,227 16,090 2,000 23,972
% % % % % %
Impairment allowances against customers as a
percentage of loans and advances to customers:
– individually assessed ............................................ 0.47 0.41 0.41 0.07 0.51 0.34
– collectively assessed ............................................. 0.43 0.32 0.71 5.84 4.00 2.16
At 31 December ........................................................... 0.90 0.73 1.12 5.91 4.51 2.50