HSBC 2015 Annual Report Download - page 152

Report of the Directors: Risk (continued)
Credit risk
HSBC HOLDINGS PLC
150
Loan impairment charges by industry sector over five years
2015 2014 2013 2012 2011
$m $m $m $m $m
Loan impairment charge/(release)
Personal 1,834 1,803 3,196 5,362 9,318
Corporate and commercial 1,769 2,256 2,974 2,802 2,114
Financial (11) (4) (122) (4) 73
Year ended 31 December 3,592 4,055 6,048 8,160 11,505
Charge for impairment losses as a percentage of average gross loans and advances to customers
2015 2014 2013 2012 2011
%%% % %
New allowances net of allowance releases 0.48 0.53 0.81 1.00 1.34
Recoveries (0.09) (0.10) (0.14) (0.12) (0.15)
Total charge for impairment losses 0.39 0.43 0.67 0.88 1.19
Amount written off net of recoveries 0.37 0.58 0.59 0.93 1.14
Movement in impairment allowances over five years
2015 2014 2013 2012 2011
$m $m $m $m $m
Impairment allowances at 1 January 12,386 15,201 16,169 17,636 20,241
Amounts written off (4,194) (6,379) (6,655) (9,812) (12,480)
–
personal (2,707) (3,733) (4,367) (6,905) (10,431)
–
corporate and commercial (1,473) (2,425) (2,229) (2,677) (2,009)
–
financial (14) (221) (59) (230) (40)
Recoveries of amounts written off in previous years 808 955 1,296 1,146 1,426
–
personal 681 818 1,097 966 1,175
–
corporate and commercial 124 128 198 172 242
–
financial 391 8 9
Loan impairment charge 3,592 4,055 6,048 8,160 11,505
Exchange and other movements11 (3,019) (1,446) (1,657) (961) (3,056)
Impairment allowances at 31 December 9,573 12,386 15,201 16,169 17,636
Impairment allowances
–
individually assessed 5,420 6,244 7,130 6,629 6,662
–
collectively assessed 4,153 6,142 8,071 9,540 10,974
Impairment allowances at 31 December 9,573 12,386 15,201 16,169 17,636
%%% % %
Amount written off net of recoveries as a percentage of average gross
loans and advances to customers 0.4 0.6 0.6 1.0 1.2
For footnote, see page 191.