2011 Annual Report - BDO

NOTES TOFINANCIAL STATEMENTSlending limits when appropriate. Exposure to credit risk is also managed in part by obtainingcollateral and corporate and personal guarantees.The Risk Management Unit reviews the Bank’s loan portfolio in line with the Bank’s policy ofnot having significant unwarranted concentrations of exposure to individual counterparties,in accordance with the BSP’s prohibitions on maintaining a financial exposure to any singleperson or group of connected persons in excess of 25% of its Net Worth.The table below shows the maximum exposure to credit risk for the components of thestatements of financial position, including derivatives. The maximum exposure is gross, beforethe effect of mitigation through the use of netting and collateral agreements.2011 2010Due from BSP P 7,092,895,832 P 7,055,616,718Due from other banks 1,199,727,734 1,159,435,277Financial assets at fair value throughprofit or lossSecurities purchased under reverserepurchase agreements 4,988,496,100 2,911,517,511Derivatives 1,852,943,552 1,730,355,546Government securities 430,131,048 727,647,591Private debt securities - 467,795,177Available-for-sale securitiesGovernment securities 2,543,504,485 2,369,886,758Private debt securities 560,583,686 1,848,960,033Held-to-maturity investmentsGovernment securities 7,881,191,122 8,312,884,874Private debt securities - 313,233,160Loans and receivablesReceivable from customers 1,528,048,435 2,786,913,241Unquoted debt securities - 804,201,891Other receivables 5,873,061 5,527,275Other resourcesOthers 1,655,795 6,462,28828,085,050,850 30,500,437,340Loan commitments 1,321,192,659 76,171,892P 29,406,243,509 P 30,576,609,232