HSBC 2009 Annual Report Download - page 239

237
Net loan impairment charge to the income statement by geographical region
(Unaudited)
Europe
Hong
Kong
Rest of
Asia-
Pacific7
Middle
East7
North
America
Latin
America Total
US$m US$m US$m US$m US$m US$m US$m
2009
Individually assessed impairment allowances
New allowances .................................................... 2,573 315 341 598 1,052 294 5,173
Release of allowances no longer required ........... (255) (64) (82) (16) (112) (52) (581)
Recoveries of amounts previously written off ..... (70) (9) (15) (2) (24) (14) (134)
2,248 242 244 580 916 228 4,458
Collectively assessed impairment allowances
New allowances net of allowance releases .......... 2,356 233 747 778 14,525 2,601 21,240
Recoveries of amounts previously written off ..... (195) (25) (117) (25) (69) (325) (756)
2,161 208 630 753 14,456 2,276 20,484
Total charge for impairment losses .......................... 4,409 450 874 1,333 15,372 2,504 24,942
Banks ................................................................... 55 – – 15 – – 70
Customers ............................................................ 4,354 450 874 1,318 15,372 2,504 24,872
% % % % % % %
Charge for impairment losses as a percentage
of closing gross loans and advances .................... 0.86 0.33 0.75 4.08 6.52 3.64 2.26
US$m US$m US$m US$m US$m US$m US$m
At 31 December 2009
Impaired loans8 ......................................................... 10,873 846 1,201 1,666 13,308 2,951 30,845
Impairment allowances8 ........................................... 6,227 804 996 1,393 13,676 2,553 25,649
2008
Individually assessed impairment allowances
New allowances .................................................... 1,567 365 223 30 397 160 2,742
Release of allowances no longer required ........... (340) (25) (53) (36) (80) (31) (565)
Recoveries of amounts previously written off ..... (38) (10) (17) (3) (40) (5) (113)
1,189 330 153 (9) 277 124 2,064
Collectively assessed impairment allowances
New allowances net of allowance releases .......... 2,478 255 752 310 16,372 2,621 22,788
Recoveries of amounts previously written off ..... (256) (29) (90) (27) (60) (259) (721)
2,222 226 662 283 16,312 2,362 22,067
Total charge for impairment losses .......................... 3,411 556 815 274 16,589 2,486 24,131
Banks ................................................................... 54 – – – – – 54
Customers ............................................................ 3,357 556 815 274 16,589 2,486 24,077
% % % % % % %
Charge for impairment losses as a percentage
of closing gross loans and advances .................... 0.68 0.43 0.74 0.78 5.85 4.22 2.17
US$m US$m US$m US$m US$m US$m US$m
At 31 December 2008
Impaired loans .......................................................... 6,844 852 835 279 14,285 2,327 25,422
Impairment allowances ............................................. 3,922 733 813 414 16,090 2,000 23,972
For footnotes, see page 291.