Bahamas - FirstCaribbean International Bank

Notes to the Consolidated Financial Statements
October 31, 2007
(expressed in thousands of Bahamian dollars)
28. Financial risk management (continued)
C. Geographical concentration of assets, liabilities and off-balance sheet items (continued)
October 31, 2007
Total Total Credit Capital Operating Net
assets liabilities commitments expenditure Revenues expenses income
$ $ $ $ $ $ $
Bahamas 4,059,396 3,476,528 304,725 1,411 287,196 191,593 85,433
Turks & Caicos Islands 609,059 548,595 58,865 693 33,548 6,952 24,427
October 31, 2006
(Restated)
4,668,455 4,025,123 363,590 2,104 320,744 198,545 109,860
Bahamas 3,863,652 3,316,886 332,371 1,265 226,566 141,596 79,835
Turks & Caicos Islands 560,309 510,337 102,768 707 36,738 15,684 20,865
4,423,961 3,827,223 435,139 1,972 263,304 157,280 100,700
The Bank is managed based on the five business segments, and it operates in two main geographical areas. The Bank’s exposure to credit risk is concentrated in these areas.
Capital expenditure is shown by geographical area in which the property and equipment are located.
Geographic sector risk concentrations within the customer loan portfolio were as follows:
2007 2007 2006 2006
$ % $ %
(Restated) (Restated)
Bahamas 2,132,804 88 2,233,963 92
Turks & Caicos Islands 283,171 12 191,988 8
2,415,975 100 2,425,951 100
See Auditors’ Report Page 56.
86