HSBC 2012 Annual Report Download - page 148

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Credit risk > Credit exposure / Personal lending
146
Maximum exposure to credit risk
(Audited)
At 31 December 2012 At 31 December 2011
Maximum
exposure
Offset Net
Maximum
exposure
Offset Net
US$m US$m US$m US$m US$m US$m
Cash and balances at central banks .................... 141,532 – 141,532 129,902 – 129,902
Items in the course of collection from other
banks ............................................................... 7,303 – 7,303 8,208 – 8,208
Hong Kong Government certificates of
indebtedness ................................................... 22,743 – 22,743 20,922 – 20,922
Trading assets ..................................................... 367,177 (19,700) 347,477 309,449 (4,656) 304,793
Treasury and other eligible bills ..................... 26,282 –26,282 34,309 – 34,309
Debt securities ................................................ 144,677 –144,677 130,487 – 130,487
Loans and advances to banks ......................... 78,271 –78,271 75,525 – 75,525
Loans and advances to customers .................. 117,947 (19,700) 98,247 69,128 (4,656) 64,472
Financial assets designated at fair value ............ 12,714 – 12,714 12,926 – 12,926
Treasury and other eligible bills ..................... 54 –54 123 – 123
Debt securities ................................................ 12,551 –12,551 11,834 – 11,834
Loans and advances to banks ......................... 55 –55 119 – 119
Loans and advances to customers .................. 54 –54 850 – 850
Derivatives .......................................................... 357,450 (310,859) 46,591 346,379 (305,616) 40,763
Loans and advances held at amortised cost ........ 1,150,169 (95,578) 1,054,591 1,121,416 (87,978) 1,033,438
– to banks ........................................................ 152,546 (3,732) 148,814 180,987 (3,066) 177,921
– to customers ................................................. 997,623 (91,846) 905,777 940,429 (84,912) 855,517
Financial investments ......................................... 415,312 – 415,312 392,834 – 392,834
Treasury and other similar bills ...................... 87,550 –87,550 65,223 – 65,223
Debt securities ................................................ 327,762 –327,762 327,611 – 327,611
Assets held for sale ............................................. 9,292 (164) 9,128 37,808 (204) 37,604
– disposal groups ............................................ 5,359 (164) 5,195 37,746 (204) 37,542
– non-current assets held for sale ................... 3,933 –3,933 62 – 62
Other assets ......................................................... 31,983 – 31,983 32,992 – 32,992
Endorsements and acceptances ...................... 12,032 –12,032 11,010 – 11,010
Other ............................................................... 19,951 –19,951 21,982 – 21,982
Financial guarantees and similar contracts ........ 44,993 – 44,993 39,324 – 39,324
Loan and other credit-related commitments3 ..... 579,469 – 579,469 654,904 – 654,904
3,140,137 (426,301) 2,713,836 3,107,064 (398,454) 2,708,610
For footnote, see page 249.
Loan and other credit-related commitments
(Unaudited)
Asia Europe Americas Total
US$m US$m US$m US$m
At 31 December 2012
Personal.......................................................................................... 79,021 80,596 31,566 191,183
Corporate and commercial ........................................................... 139,897 91,957 110,401 342,255
Financial ........................................................................................ 10,330 15,080 20,621 46,031
229,248 187,633 162,588 579,469
At 31 December 2011
Personal.......................................................................................... 76,901 76,658 139,458 293,017
Corporate and commercial ........................................................... 122,618 84,797 101,861 309,276
Financial ........................................................................................ 8,646 21,060 22,905 52,611
208,165 182,515 264,224 654,904
A description of loan and other credit related
commitments is set out in Note 40 on the Financial
Statements. The reduction in the total amount from
2011 to 2012 is mainly due to the disposal of the US
Cards business and US branch network in 2012. In
the table above, Asia includes amounts in Hong
Kong, Rest of Asia-Pacific and the Middle East and
North Africa.