Annual Report - Ahli United Bank

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Annual Report - Ahli United Bank

31 CREDIT RISK (continued)b) Maximum exposure to credit risk without taking account of any collateral and other credit enhancementsThe table below shows the maximum exposure to credit risk for the components of the balance sheet. The maximum exposure isshown gross, before the effect of mitigation through the use of master netting and collateral agreements, but after provision forimpairment where applicable.Gross maximumexposure2009Gross maximumexposure2008US$ ’000 US$ ’000Balances with central banks 289,533 288,314Treasury bills and bonds 969,114 1,236,997Deposits with banks and other financial institutions 3,100,446 2,867,959Loans and advances 13,299,999 13,632,220Non-trading investments 3,481,447 2,755,091Other assets 415,225 316,593Total 21,555,764 21,097,174Contingent liabilities 1,689,193 2,524,540Undrawn loan commitments 892,493 942,665Total credit related commitments 2,581,686 3,467,205Total credit risk exposure 24,137,450 24,564,379Where financial instruments are recorded at fair value the amounts shown above represent the current credit risk exposure but notthe maximum risk exposure that could arise in the future as a result of changes in values.c) Credit quality per class of financial assetsThe table below shows distribution of financial assets neither past due nor impaired.At 31 December 2009Neither past due nor impairedHighstandardgradeStandardgradeTotalUS$ ’000 US$ ’000 US$ ’000Balances with central banks 289,533 - 289,533Treasury bills and bonds 863,210 105,904 969,114Deposits with banks and other financial institutions 3,018,249 82,197 3,100,446Loans and advancesRetail 654,746 2,338,258 2,993,004Corporate 6,401,794 3,602,247 10,004,041Non trading investmentsAvailable-for-sale 1,646,099 157,123 1,803,222Held to maturity - 15,927 15,927Loans and receivables 1,554,874 133,660 1,688,534Other assets - derivatives 191,329 - 191,329AUB Annual Report 200991

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