2011 Annual Report - Khaleeji Commercial Bank BSC

KHALEEJI COMMERCIAL BANK BSC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the year ended 31 December 2011
BD 000’s
31. RISK MANAGEMENT (continued)
Collaterals (continued)
As at 31 December 2011 As at 31 December 2010
Financing Assets acquired Total Financing Assets acquired Total
assets for leasing assets for leasing
(including lease
(including lease
rentals receivable)
rentals receivable)
Against impaired
Property 15,362 1,431 16,793 7,176 - 7,176
Equities 2,114 - 2,114 1,979 - 1,979
Other 2,485 - 2,485 - - -
Against past due
but not impaired
Property 19,668 1,705 21,373 16,454 - 16,454
Equities 4,060 - 4,060 1,579 - 1,579
Other 465 - 465 - - -
Against neither past due
nor impaired
Property 79,906 10,061 89,967 85,881 10,182 96,063
Equities 267 - 267 3,333 - 3,333
Other 20,529 - 20,529 28,009 725 28,734
Total 144,856 13,197 158,053 144,411 10,907 155,318
The average collateral coverage ratio on secured facilities is 90.20% at 31 December 2011 (2010: 89.77%).
For analysis of concentration of total assets and liabilities refer to note 29.
Further, for financing assets and assets acquired for leasing, the Bank monitors concentrations of credit risk by sector and by
geographic location. An analysis of concentrations of credit risk at the reporting date is shown below:
Concentration by sector As at 31 December 2011 As at 31 December 2010
Financing Assets acquired Total Financing Assets acquired Total
assets for leasing assets for leasing
Banking and finance 16,708 2,103 18,811 8,332 2,504 10,836
Real estate:
- Property 61,146 11,555 72,701 70,037 4,065 74,102
- Infrastructure development 17,200 - 17,200 35,266 - 35,266
- Land 14,142 - 14,142 15,761 - 15,761
Construction 12,173 - 12,173 5,094 725 5,819
Trading 52,539 - 52,539 31,525 - 31,525
Manufacturing 4,459 - 4,459 5,880 - 5,880
Others 23,189 - 23,189 31,315 686 32,001
Total carrying amount 201,556 13,658 215,214 203,210 7,980 211,190
72
Annual Report 2011