Annual Report and Accounts 2011 - Bermuda Stock Exchange

HSBC HOLDINGS PLC
Report of the Directors: Operating and Financial Review (continued)
Risk > Credit risk > Impairment allowances
Movement in impairment allowances on loans and advances to customers and banks
(Audited)
Banks
Customers
individually
assessed
Individually
assessed
Collectively
assessed
Total
US$m US$m US$m
US$m
2011
At 1 January .................................................................................... 158 6,457 13,626 20,241
Amounts written off ....................................................................... (16) (1,633) (10,831) (12,480)
Recoveries of loans and advances previously written off .............. – 191 1,235 1,426
Charge to income statement ........................................................... (16) 1,931 9,590 11,505
Exchange and other movements 26 .................................................. (1) (409) (2,646) (3,056)
At 31 December .............................................................................. 125 6,537 10,974 17,636
Impairment allowances on loans and advances to customers ........ 6,537 10,974 17,511
– personal .................................................................................. 694 9,066 9,760
– corporate and commercial ...................................................... 5,231 1,820 7,051
– financial .................................................................................. 612 88 700
% % % %
As a percentage of loans and advances 27,28 ................................ 0.09 0.71 1.20 1.67
US$m US$m US$m US$m
2010
At 1 January .................................................................................... 107 6,494 19,048 25,649
Amounts written off ....................................................................... (9) (2,441) (16,850) (19,300)
Recoveries of loans and advances previously written off .............. 2 143 875 1,020
Charge to income statement ........................................................... 12 2,613 10,923 13,548
Exchange and other movements ..................................................... 46 (352) (370) (676)
At 31 December .............................................................................. 158 6,457 13,626 20,241
Impairment allowances on loans and advances to customers ........ 6,457 13,626 20,083
– personal .................................................................................. 615 11,678 12,293
– corporate and commercial ...................................................... 5,274 1,863 7,137
– financial .................................................................................. 568 85 653
% % % %
As a percentage of loans and advances 27,28 ................................ 0.11 0.70 1.49 1.91
For footnotes, see page 185.
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