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HSBC Holdings PLC (HSBA)

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Tuesday 23 February, 2021

HSBC Holdings PLC

Annual Financial Report - Part 5

RNS Number : 0668Q
HSBC Holdings PLC
23 February 2021
 
 

 

Personal lending

This section presents further disclosures related to personal lending. It provides details of the regions, countries and products that are driving the change observed in personal loans and advances to customers, with the impact of foreign exchange separately identified. Additionally, Hong Kong and UK mortgage book LTV data is provided.

This section also provides a reconciliation of the opening 1 January 2020 to 31 December 2020 closing gross carrying/nominal amounts and associated allowance for ECL.

Further product granularity is also provided by stage, with geographical data presented for loans and advances to customers, loan and other credit-related commitments and financial guarantees.

At 31 December 2020, total personal lending for loans and advances to customers of $461bn increased by $26.5bn compared with 31 December 2019. This increase included favourable foreign exchange movements of $11.5bn. Excluding foreign exchange movements, there was growth of $15.1bn, primarily driven by $10.1bn in Europe and $3.4bn in Asia. The allowance for ECL attributable to personal lending, excluding off-balance sheet loan commitments and guarantees, and foreign exchange movements, increased $1.6bn to $4.7bn at 31 December 2020.

Excluding foreign exchange movements, total personal lending was primarily driven by mortgage growth, which grew by $21.5bn. Mortgages grew $12.3bn in the UK; $6.4bn in Asia, notably $4.7bn in Hong Kong and $1.6bn in Australia; and $1.8bn in Canada. The allowance for ECL, excluding foreign exchange, attributable to mortgages of $0.8bn increased $0.2bn compared with
31 December 2019.

The quality of both our Hong Kong and UK mortgage books remained high, with low levels of impairment allowances. The average LTV ratio on new mortgage lending in Hong Kong was 61%, compared with an estimated 45% for the overall mortgage portfolio. The average LTV ratio on new lending in the UK was 70%, compared with an estimated 51% for the overall mortgage portfolio.

Excluding foreign exchange movements, other personal lending balances at 31 December 2020 declined by $6.5bn compared with 31 December 2019. The decline was attributable to a $3.8bn decline in credit cards and a $2.4bn decline in loans and overdrafts.

The $3.8bn decrease in credit card lending was attributable to declines of $2.1bn in the UK, $0.5bn in Hong Kong and $0.3bn in the US. The $2.4bn decrease in loans and overdrafts was attributable to declines of $1.1bn in Hong Kong, $1.4bn in the UK, $0.5bn in Singapore and $0.3bn in MENA. These declines were partly offset by growth of $1bn in France, primarily in other personal lending guaranteed by Crédit Logement and $0.5bn in Switzerland.

The allowance for ECL, excluding foreign exchange, attributable to other personal lending of $4.0bn increased $1.4bn compared with 31 December 2019. Excluding foreign exchange, the allowance for ECL attributable to credit cards increased by $0.7bn while loans and overdrafts increased by $0.7bn.

 

Total personal lending for loans and advances to customers at amortised cost by stage distribution

 

Gross carrying amount

 

Allowance for ECL

 

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

By portfolio

 

 

 

 

 

 

 

 

First lien residential mortgages

336,666 

 

12,233 

 

3,383 

 

352,282 

 

(125)

 

(188)

 

(442)

 

(755)

 

-  of which: interest only (including offset)

29,143 

 

3,074 

 

351 

 

32,568 

 

(9)

 

(19)

 

(88)

 

(116)

 

-  affordability (including US adjustable rate mortgages)

13,265 

 

2,209 

 

606 

 

16,080 

 

(11)

 

(11)

 

(5)

 

(27)

 

Other personal lending

93,468 

 

12,831 

 

2,228 

 

108,527 

 

(702)

 

(2,214)

 

(1,060)

 

(3,976)

 

-  other

74,174 

 

7,288 

 

1,489 

 

82,951 

 

(305)

 

(914)

 

(665)

 

(1,884)

 

-  credit cards

17,327 

 

5,292 

 

680 

 

23,299 

 

(386)

 

(1,281)

 

(380)

 

(2,047)

 

-  second lien residential mortgages

593 

 

100 

 

51 

 

744 

 

(3)

 

(9)

 

(10)

 

(22)

 

-  motor vehicle finance

1,374 

 

151 

 

 

1,533 

 

(8)

 

(10)

 

(5)

 

(23)

 

At 31 Dec 2020

430,134 

 

25,064 

 

5,611 

 

460,809 

 

(827)

 

(2,402)

 

(1,502)

 

(4,731)

 

By geography

 

 

 

 

 

 

 

 

Europe

200,120 

 

11,032 

 

2,511 

 

213,663 

 

(247)

 

(1,271)

 

(826)

 

(2,344)

 

-  of which: UK

163,338 

 

9,476 

 

1,721 

 

174,535 

 

(223)

 

(1,230)

 

(545)

 

(1,998)

 

Asia

178,175 

 

7,969 

 

1,169 

 

187,313 

 

(234)

 

(446)

 

(241)

 

(921)

 

-  of which: Hong Kong

118,252 

 

5,133 

 

206 

 

123,591 

 

(102)

 

(237)

 

(48)

 

(387)

 

MENA

4,879 

 

403 

 

251 

 

5,533 

 

(54)

 

(112)

 

(152)

 

(318)

 

North America

40,387 

 

4,613 

 

1,378 

 

46,378 

 

(93)

 

(200)

 

(132)

 

(425)

 

Latin America

6,573 

 

1,047 

 

302 

 

7,922 

 

(199)

 

(373)

 

(151)

 

(723)

 

At 31 Dec 2020

430,134 

 

25,064 

 

5,611 

 

460,809 

 

(827)

 

(2,402)

 

(1,502)

 

(4,731)

 

 

Total personal lending for loans and other credit-related commitments and financial guarantees by stage distribution

 

Nominal amount

Allowance for ECL

 

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

Europe

56,920 

 

719 

 

96 

 

57,735 

 

(22)

 

(2)

 

 

(24)

 

-  of which: UK

54,348 

 

435 

 

92 

 

54,875 

 

(21)

 

(2)

 

 

(23)

 

Asia

156,057 

 

790 

 

11 

 

156,858 

 

 

 

 

 

-  of which: Hong Kong

118,529 

 

10 

 

10 

 

118,549 

 

 

 

 

 

MENA

2,935 

 

46 

 

 

2,989 

 

(1)

 

 

 

(1)

 

North America

15,835 

 

124 

 

38 

 

15,997 

 

(11)

 

 

 

(11)

 

Latin America

3,462 

 

28 

 

 

3,491 

 

(5)

 

 

 

(5)

 

At 31 Dec 2020

235,209 

 

1,707 

 

154 

 

237,070 

 

(39)

 

(2)

 

 

(41)

 

 

Total personal lending for loans and advances to customers at amortised cost by stage distribution (continued)

 

Gross carrying amount

 

Allowance for ECL

 

 

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

By portfolio

 

 

 

 

 

 

 

 

First lien residential mortgages

312,031 

 

7,077 

 

3,070 

 

322,178 

 

(39)

 

(68)

 

(422)

 

(529)

 

-  of which: interest only (including offset)

31,201 

 

1,602 

 

376 

 

33,179 

 

(6)

 

(15)

 

(91)

 

(112)

 

-  affordability (including US adjustable rate mortgages)

14,222 

 

796 

 

514 

 

15,532 

 

(3)

 

(3)

 

(3)

 

(9)

 

Other personal lending

101,638 

 

8,674 

 

1,781 

 

112,093 

 

(544)

 

(1,268)

 

(793)

 

(2,605)

 

-  other

77,031 

 

4,575 

 

1,193 

 

82,799 

 

(229)

 

(451)

 

(491)

 

(1,171)

 

-  credit cards

22,285 

 

3,959 

 

524 

 

26,768 

 

(310)

 

(801)

 

(284)

 

(1,395)

 

-  second lien residential mortgages

750 

 

84 

 

55 

 

889 

 

(1)

 

(6)

 

(10)

 

(17)

 

-  motor vehicle finance

1,572 

 

56 

 

 

1,637 

 

(4)

 

(10)

 

(8)

 

(22)

 

At 31 Dec 2019

413,669 

 

15,751 

 

4,851 

 

434,271 

 

(583)

 

(1,336)

 

(1,215)

 

(3,134)

 

By geography

 

 

 

 

 

 

 

 

Europe

186,561 

 

6,854 

 

2,335 

 

195,750 

 

(112)

 

(538)

 

(578)

 

(1,228)

 

-  of which: UK

153,313 

 

5,455 

 

1,612 

 

160,380 

 

(104)

 

(513)

 

(370)

 

(987)

 

Asia

173,523 

 

5,855 

 

717 

 

180,095 

 

(223)

 

(339)

 

(170)

 

(732)

 

-  of which: Hong Kong

117,013 

 

2,751 

 

189 

 

119,953 

 

(90)

 

(220)

 

(44)

 

(354)

 

MENA

5,671 

 

247 

 

299 

 

6,217 

 

(50)

 

(58)

 

(189)

 

(297)

 

North America

41,148 

 

1,930 

 

1,238 

 

44,316 

 

(56)

 

(119)

 

(141)

 

(316)

 

Latin America

6,766 

 

865 

 

262 

 

7,893 

 

(142)

 

(282)

 

(137)

 

(561)

 

At 31 Dec 2019

413,669 

 

15,751 

 

4,851 

 

434,271 

 

(583)

 

(1,336)

 

(1,215)

 

(3,134)

 

 

 

Total personal lending for loans and other credit-related commitments and financial guarantees by stage distribution (continued)

 

Nominal amount

Allowance for ECL

 

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

Europe

51,575 

 

604 

 

110 

 

52,289 

 

(10)

 

(2)

 

 

(12)

 

-  of which: UK

49,322 

 

493 

 

105 

 

49,920 

 

(8)

 

(1)

 

 

(9)

 

Asia

149,336 

 

682 

 

 

150,027 

 

 

 

 

 

-  of which: Hong Kong

115,025 

 

27 

 

 

115,055 

 

 

 

 

 

MENA

3,150 

 

46 

 

53 

 

3,249 

 

 

 

 

 

North America

13,919 

 

256 

 

20 

 

14,195 

 

(1)

 

 

 

(1)

 

Latin America

4,312 

 

43 

 

 

4,358 

 

(3)

 

 

 

(3)

 

At 31 Dec 2019

222,292 

 

1,631 

 

195 

 

224,118 

 

(14)

 

(2)

 

 

(16)

 

 

 

Exposure to UK interest-only mortgage loans

The following information is presented for HSBC branded UK interest-only mortgage loans with balances of $15.0bn. This excludes offset mortgages in the first direct brand and Private Bank mortgages. 

At the end of 2020, the average LTV ratio in the portfolio was 41% and 99% of mortgages had an LTV ratio of 75% or less.

 

 

Of the interest-only mortgages that expired in 2018, 89% were repaid within 12 months of expiry with a total of 98% being repaid within 24 months of expiry. For interest-only mortgages expiring during 2019, 89% were fully repaid within 12 months of expiry.

The profile of maturing UK interest-only loans is as follows:

 

UK interest-only mortgage loans

 

$m

Expired interest-only mortgage loans

169 

 

Interest-only mortgage loans by maturity

 

- 2021

356 

 

- 2022

392 

 

- 2023

500 

 

- 2024

407 

 

- 2025-2029

3,317 

 

- Post 2029

9,914 

 

At 31 Dec 2020

15,055 

 

 

 

Exposure to offset mortgage in first direct

The offset mortgage in first direct is a flexible way for our customers to take control of their finances. It works by grouping together the customer's mortgage, savings and current accounts

 

to off-set their credit and debit balances against their mortgage exposure which at the end of 2020 is of $8.6bn with an average LTV ratio of 37%. 

 

Personal lending - reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to

customers including loan commitments and financial guarantees

(Audited)

 

 

 

Non-credit impaired

Credit impaired

 

 

Stage 1

Stage 2

Stage 3

Total

 

Gross carrying/ nominal amount

Allowance for ECL

Gross carrying/ nominal amount

Allowance for ECL

Gross carrying/ nominal amount

Allowance for ECL

Gross carrying/ nominal amount

Allowance for ECL

 

$m

$m

$m

$m

$m

$m

$m

$m

At 1 Jan 2020

635,961 

 

(597)

 

17,382 

 

(1,338)

 

5,046 

 

(1,215)

 

658,389 

 

(3,150)

 

Transfers of financial instruments

(16,019)

 

(629)

 

13,370 

 

1,181 

 

2,649 

 

(552)

 

 

 

Net remeasurement of ECL arising from transfer of stage

 

431 

 

 

(555)

 

 

(8)

 

 

(132)

 

Net new and further lending/repayments

30,891 

 

101 

 

(5,407)

 

408 

 

(677)

 

150 

 

24,807 

 

659 

 

Change in risk parameters - credit quality

 

(147)

 

 

(2,025)

 

 

(1,258)

 

 

(3,430)

 

Changes to models used for ECL calculation

 

(3)

 

 

(9)

 

 

 

 

(7)

 

Assets written off

 

 

 

 

(1,409)

 

1,407 

 

(1,409)

 

1,407 

 

Foreign exchange and other

14,513 

 

(22)

 

1,425 

 

(67)

 

153 

 

(32)

 

16,091 

 

(121)

 

At 31 Dec 2020

665,346 

 

(866)

 

26,770 

 

(2,405)

 

5,762 

 

(1,503)

 

697,878 

 

(4,774)

 

ECL income statement change for the period

 

382 

 

 

(2,181)

 

 

(1,111)

 

 

(2,910)

 

Recoveries

 

 

 

 

 

 

 

280 

 

Other

 

 

 

 

 

 

 

(25)

 

Total ECL income statement change for the period

 

 

 

 

 

 

 

(2,655)

 

 

 

As shown in the above table, the allowance for ECL for loans and advances to customers and banks and relevant loan commitments and financial guarantees increased $1,624m during the period from $3,150m at 31 December 2019 to $4,774m at 31 December 2020.

This increase was primarily driven by:

$3,430m relating to underlying credit quality changes, including the credit quality impact of financial instruments transferring between stages;  

 

 

$132m relating to the net remeasurement impact of stage transfers;

foreign exchange and other movements of $121m; and

$7m due to changes to models used for ECL calculation.

These were partly offset by:

$1,407m of assets written off;

$659m relating to volume movements, which included the ECL allowance associated with new originations, assets derecognised and further lending/repayments.

The ECL charge for the period of $2,910m presented in the above table consisted of $3,430m relating to underlying credit quality changes, including the credit quality impact of financial instruments transferring between stages, $132m relating to the

 

net remeasurement impact of stage transfers and $7m in changes to models used for ECL calculation. This was partly offset by $659m relating to underlying net book volume movements.

 

Personal lending - reconciliation of changes in gross carrying/nominal amount and allowances for loans and advances to customers

including loan commitments and financial guarantees (continued)

(Audited)

 

Non-credit impaired

Credit impaired

 

 

Stage 1

Stage 2

Stage 3

Total

 

Gross carrying/ nominal amount

Allowance for ECL

Gross carrying/ nominal amount

Allowance for ECL

Gross carrying/ nominal amount

Allowance for ECL

Gross carrying/ nominal amount

Allowance for ECL

 

$m

$m

$m

$m

$m

$m

$m

$m

At 1 Jan 2019

580,784 

 

(547)

 

16,838 

 

(1,266)

 

4,993 

 

(1,148)

 

602,615 

 

(2,961)

 

Transfers of financial instruments

(4,751)

 

(374)

 

2,645 

 

858 

 

2,106 

 

(484)

 

 

 

Net remeasurement of ECL arising from transfer of stage

 

446 

 

 

(408)

 

 

(76)

 

 

(38)

 

Net new and further lending/repayments

50,946 

 

 

(2,348)

 

453 

 

(758)

 

281 

 

47,840 

 

737 

 

Change in risk parameters - credit quality

 

(100)

 

 

(1,015)

 

 

(1,190)

 

 

(2,305)

 

Changes to models used for ECL calculation

 

(6)

 

 

60 

 

 

14 

 

 

68 

 

Assets written off

 

 

 

 

(1,345)

 

1,345 

 

(1,345)

 

1,345 

 

Foreign exchange and other

8,982 

 

(19)

 

247 

 

(20)

 

50 

 

43 

 

9,279 

 

 

At 31 Dec 2019

635,961 

 

(597)

 

17,382 

 

(1,338)

 

5,046 

 

(1,215)

 

658,389 

 

(3,150)

 

ECL income statement change for the period

 

343 

 

 

(910)

 

 

(971)

 

 

(1,538)

 

Recoveries

 

 

 

 

 

 

 

314 

 

Other

 

 

 

 

 

 

 

 

Total ECL income statement change for the period

 

 

 

 

 

 

 

(1,220)

 

 

Personal lending - credit risk profile by internal PD band for loans and advances to customers at amortised cost

 

 

Gross carrying amount

 

Allowance for ECL

 

 

PD range1

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

ECL coverage

 

%

$m

$m

$m

$m

$m

$m

$m

$m

%

First lien residential mortgages

 

336,666 

 

12,233 

 

3,383 

 

352,282 

 

(125)

 

(188)

 

(442)

 

(755)

 

0.2 

 

-  Band 1

0.000 to 0.250

284,252 

 

1,283 

 

 

285,535 

 

(36)

 

(3)

 

 

(39)

 

 

-  Band 2

0.251 to 0.500

16,259 

 

302 

 

 

16,561 

 

(9)

 

(3)

 

 

(12)

 

0.1 

 

-  Band 3

0.501 to 1.500

27,055 

 

1,755 

 

 

28,810 

 

(64)

 

(8)

 

 

(72)

 

0.2 

 

-  Band 4

1.501 to 5.000

8,858 

 

5,134 

 

 

13,992 

 

(15)

 

(32)

 

 

(47)

 

0.3 

 

-  Band 5

5.001 to 20.000

238 

 

1,806 

 

 

2,044 

 

(1)

 

(41)

 

 

(42)

 

2.1 

 

-  Band 6

20.001 to 99.999

 

1,953 

 

 

1,957 

 

 

(101)

 

 

(101)

 

5.2 

 

-  Band 7

100.000

 

 

3,383 

 

3,383 

 

 

 

(442)

 

(442)

 

13.1 

 

Other personal lending

 

93,468 

 

12,831 

 

2,228 

 

108,527 

 

(702)

 

(2,214)

 

(1,060)

 

(3,976)

 

3.7 

 

-  Band 1

0.000 to 0.250

41,565 

 

589 

 

 

42,154 

 

(96)

 

(8)

 

 

(104)

 

0.2 

 

-  Band 2

0.251 to 0.500

13,053 

 

518 

 

 

13,571 

 

(31)

 

(63)

 

 

(94)

 

0.7 

 

-  Band 3

0.501 to 1.500

23,802 

 

1,280 

 

 

25,082 

 

(108)

 

(37)

 

 

(145)

 

0.6 

 

-  Band 4

1.501 to 5.000

11,787 

 

2,175 

 

 

13,962 

 

(270)

 

(112)

 

 

(382)

 

2.7 

 

-  Band 5

5.001 to 20.000

3,234 

 

5,288 

 

 

8,522 

 

(197)

 

(821)

 

 

(1,018)

 

11.9 

 

-  Band 6

20.001 to 99.999

27 

 

2,981 

 

 

3,008 

 

 

(1,173)

 

 

(1,173)

 

39.0 

 

-  Band 7

100.000

 

 

2,228 

 

2,228 

 

 

 

(1,060)

 

(1,060)

 

47.6 

 

At 31 Dec 2020

 

430,134 

 

25,064 

 

5,611 

 

460,809 

 

(827)

 

(2,402)

 

(1,502)

 

(4,731)

 

1.0 

 

 

First lien residential mortgages

 

312,031 

 

7,077 

 

3,070 

 

322,178 

 

(39)

 

(68)

 

(422)

 

(529)

 

0.2 

 

-  Band 1

0.000 to 0.250

268,490 

 

284 

 

 

268,774 

 

(16)

 

 

 

(16)

 

 

-  Band 2

0.251 to 0.500

22,293 

 

301 

 

 

22,594 

 

(4)

 

 

 

(4)

 

 

-  Band 3

0.501 to 1.500

17,247 

 

2,313 

 

 

19,560 

 

(13)

 

(3)

 

 

(16)

 

0.1 

 

-  Band 4

1.501 to 5.000

3,796 

 

1,970 

 

 

5,766 

 

(5)

 

(7)

 

 

(12)

 

0.2 

 

-  Band 5

5.001 to 20.000

198 

 

1,383 

 

 

1,581 

 

(1)

 

(23)

 

 

(24)

 

1.5 

 

-  Band 6

20.001 to 99.999

 

826 

 

 

833 

 

 

(35)

 

 

(35)

 

4.2 

 

-  Band 7

100.000

 

 

3,070 

 

3,070 

 

 

 

(422)

 

(422)

 

13.7 

 

Other personal lending

 

101,638 

 

8,674 

 

1,781 

 

112,093 

 

(544)

 

(1,268)

 

(793)

 

(2,605)

 

2.3 

 

-  Band 1

0.000 to 0.250

46,533 

 

60 

 

 

46,593 

 

(120)

 

 

 

(120)

 

0.3 

 

-  Band 2

0.251 to 0.500

16,435 

 

65 

 

 

16,500 

 

(38)

 

(26)

 

 

(64)

 

0.4 

 

-  Band 3

0.501 to 1.500

25,160 

 

317 

 

 

25,477 

 

(110)

 

(13)

 

 

(123)

 

0.5 

 

-  Band 4

1.501 to 5.000

10,951 

 

3,483 

 

 

14,434 

 

(144)

 

(329)

 

 

(473)

 

3.3 

 

-  Band 5

5.001 to 20.000

2,421 

 

3,434 

 

 

5,855 

 

(132)

 

(440)

 

 

(572)

 

9.8 

 

-  Band 6

20.001 to 99.999

138 

 

1,315 

 

 

1,453 

 

 

(460)

 

 

(460)

 

31.7 

 

-  Band 7

100.000

 

 

1,781 

 

1,781 

 

 

 

(793)

 

(793)

 

44.5 

 

At 31 Dec 2019

 

413,669 

 

15,751 

 

4,851 

 

434,271 

 

(583)

 

(1,336)

 

(1,215)

 

(3,134)

 

0.7 

 

1  12-month point in time adjusted for multiple economic scenarios.

 

Collateral on loans and advances

(Audited)

The following table provides a quantification of the value of fixed charges we hold over specific assets where we have a history of enforcing, and are able to enforce, collateral in satisfying a debt in the event of the borrower failing to meet its contractual obligations, and where the collateral is cash or can be realised by sale in an established market. The collateral valuation excludes any adjustments for obtaining and selling the collateral and, in particular, loans shown as not collateralised or partially collateralised may also benefit from other forms of credit mitigants.

 

 

Personal lending - residential mortgage loans including loan commitments by level of collateral for key countries/territories by stage

(Audited)

 

 

 

Of which:

 

Total

UK

Hong Kong

 

Gross carrying/nominal amount

ECL coverage

Gross carrying/nominal amount

ECL coverage

Gross carrying/nominal amount

ECL coverage

 

$m

%

$m

%

$m

%

Stage 1

 

 

 

 

 

 

Fully collateralised

354,102 

 

 

159,562 

 

 

90,733 

 

 

LTV ratio:

 

 

 

 

 

 

-  less than 50%

174,370 

 

 

76,535 

 

 

54,866 

 

 

-  51% to 60%

60,180 

 

 

23,967 

 

 

14,253 

 

 

-  61% to 70%

48,159 

 

 

23,381 

 

 

6,042 

 

 

-  71% to 80%

40,395 

 

0.1 

 

20,846 

 

 

4,288 

 

 

-  81% to 90%

23,339 

 

0.1 

 

12,936 

 

 

6,837 

 

 

-  91% to 100%

7,659 

 

0.1 

 

1,897 

 

0.1 

 

4,447 

 

 

Partially collateralised (A):

973 

 

0.4

289 

 

 

336 

 

 

LTV ratio:

 

 

 

 

 

 

-  101% to 110%

592 

 

0.4

84 

 

 

334 

 

 

-  111% to 120%

101 

 

0.5

45 

 

 

 

 

-  greater than 120%

280 

 

0.3

160 

 

 

 

 

-  collateral value on A

847 

 

 

212 

 

 

328 

 

 

Total

355,075 

 

 

159,851 

 

 

91,069 

 

 

Stage 2

 

 

 

 

 

 

Fully collateralised

12,252 

 

1.5

4,229 

 

1.4

1,802 

 

 

LTV ratio:

 

 

 

 

 

 

-  less than 50%

6,694 

 

1.1

2,442 

 

1.2

1,256 

 

 

-  51% to 60%

2,223 

 

1.1

730 

 

1.3

253 

 

 

-  61% to 70%

1,779 

 

1.6

606 

 

1.3

83 

 

 

-  71% to 80%

987 

 

2.8

244 

 

2.9

111 

 

 

-  81% to 90%

400 

 

4.9

139 

 

3.6

60 

 

 

-  91% to 100%

169 

 

5.7

68 

 

3.3

39 

 

 

Partially collateralised (B):

53 

 

13.6

 

3.3

 

 

LTV ratio:

 

 

 

 

 

 

-  101% to 110%

28 

 

11.9

 

1.5

 

 

-  111% to 120%

 

16.8

 

-

 

 

-  greater than 120%

16 

 

14.8

 

8.5

 

 

-  collateral value on B

47 

 

 

 

 

 

 

Total

12,305 

 

1.5

4,233 

 

1.4

1,811 

 

 

Stage 3

 

 

 

 

 

 

Fully collateralised

3,083 

 

9.8

1,050 

 

12.3

63

 

LTV ratio:

 

 

 

 

 

 

-  less than 50%

1,472 

 

8.0

676 

 

10.9

53 

 

 

-  51% to 60%

505 

 

8.7

144 

 

15.1

 

 

-  61% to 70%

435 

 

9.2

112 

 

12.9

 

 

-  71% to 80%

378 

 

11.5

81 

 

13.7

 

 

-  81% to 90%

195 

 

17.3

28 

 

22.4

 

 

-  91% to 100%

98 

 

24.3

 

17.8

 

 

Partially collateralised (C):

328 

 

42.7

17 

 

22.9

 

 

LTV ratio:

 

 

 

 

 

 

-  101% to 110%

75 

 

30.4

 

16.7

 

 

-  111% to 120%

56 

 

38.8

 

17.6

 

 

-  greater than 120%

197 

 

48.5

 

50.3

 

 

-  collateral value on C

228 

 

 

10 

 

 

 

 

Total

3,411 

 

13.0

1,067 

 

12.5

63

 

At 31 Dec 2020

370,791 

 

0.2

165,151 

 

0.1

92,943 

 

 

 

 

Personal lending - residential mortgage loans including loan commitments by level of collateral for key countries/territories by stage

(continued)

(Audited)

 

 

 

Of which:

 

Total

UK

Hong Kong

 

Gross carrying/nominal amount

ECL coverage

Gross carrying/nominal amount

ECL coverage

Gross carrying/nominal amount

ECL coverage

 

$m

%

$m

%

$m

%

Stage 1

 

 

 

 

 

 

Fully collateralised

326,510 

 

 

143,772 

 

 

86,049 

 

 

LTV ratio:

 

 

 

 

 

 

-  less than 50%

168,923 

 

 

70,315 

 

 

57,043 

 

 

-  51% to 60%

55,287 

 

 

21,898 

 

 

13,169 

 

 

-  61% to 70%

44,208 

 

 

19,903 

 

 

6,478 

 

 

-  71% to 80%

33,049 

 

 

17,649 

 

 

3,195 

 

 

-  81% to 90%

18,157 

 

 

11,127 

 

 

3,685 

 

 

-  91% to 100%

6,886 

 

 

2,880 

 

 

2,479 

 

 

Partially collateralised (A):

1,384 

 

0.1 

 

326 

 

 

284 

 

 

LTV ratio:

 

 

 

 

 

 

-  101% to 110%

843 

 

0.1 

 

89 

 

 

281 

 

 

-  111% to 120%

195 

 

0.2 

 

48 

 

 

 

 

-  greater than 120%

346 

 

0.1 

 

189 

 

 

 

 

-  collateral value on A

1,232 

 

 

232 

 

 

279 

 

 

Total

327,894 

 

 

144,098 

 

 

86,333 

 

 

Stage 2

 

 

 

 

 

 

Fully collateralised

7,087 

 

0.9 

 

1,941 

 

1.0 

 

1,116 

 

 

LTV ratio:

 

 

 

 

 

 

-  less than 50%

3,781 

 

0.5 

 

1,146 

 

0.7 

 

892 

 

 

-  51% to 60%

923 

 

1.1 

 

233 

 

1.5 

 

95 

 

 

-  61% to 70%

909 

 

1.2 

 

262 

 

1.2 

 

59 

 

 

-  71% to 80%

894 

 

1.1 

 

231 

 

1.0 

 

32 

 

 

-  81% to 90%

425 

 

1.6 

 

36 

 

2.9 

 

25 

 

 

-  91% to 100%

155 

 

4.4 

 

33 

 

1.8 

 

13 

 

 

Partially collateralised (B):

76 

 

7.2 

 

23 

 

1.8 

 

 

 

LTV ratio:

 

 

 

 

 

 

-  101% to 110%

45 

 

5.4 

 

20 

 

1.5 

 

 

 

-  111% to 120%

10 

 

11.1 

 

 

4.8 

 

 

 

-  greater than 120%

21 

 

9.0 

 

 

3.0 

 

 

 

-  collateral value on B

69 

 

 

20 

 

 

 

 

Total

7,163 

 

1.0 

 

1,964 

 

1.0 

 

1,117 

 

 

Stage 3

 

 

 

 

 

 

Fully collateralised

2,725 

 

9.0 

 

1,177 

 

9.9 

 

44 

 

0.5 

 

LTV ratio:

 

 

 

 

 

 

-  less than 50%

1,337 

 

7.1 

 

711 

 

7.8 

 

39 

 

0.5 

 

-  51% to 60%

410 

 

7.0 

 

159 

 

10.0 

 

 

0.2 

 

-  61% to 70%

358 

 

7.9 

 

136 

 

10.6 

 

 

 

-  71% to 80%

309 

 

13.4 

 

100 

 

18.9 

 

 

 

-  81% to 90%

178 

 

13.8 

 

47 

 

12.3 

 

 

 

-  91% to 100%

133 

 

21.8 

 

24 

 

26.3 

 

 

 

Partially collateralised (C):

371 

 

47.6 

 

25 

 

27.3 

 

 

 

LTV ratio:

 

 

 

 

 

 

-  101% to 110%

97 

 

36.4 

 

11 

 

19.1 

 

 

 

-  111% to 120%

62 

 

37.8 

 

 

22.7 

 

 

 

-  greater than 120%

212 

 

55.6 

 

 

42.0 

 

 

 

-  collateral value on C

305 

 

 

24 

 

 

 

 

Total

3,096 

 

13.7 

 

1,202 

 

10.3 

 

44 

 

0.5 

 

At 31 Dec 2019

338,153 

 

0.2 

 

147,264 

 

0.1 

 

87,494 

 

 

 

 

 

 

Supplementary information

 

 

Wholesale lending - loans and advances to customers at amortised cost by country/territory

 

Gross carrying amount

Allowance for ECL

 

Corporate and commercial

Of which: real estate1

Non-bank financial institutions

Total

Corporate and commercial

Of which: real estate1

Non-bank financial institutions

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

Europe

179,104 

 

26,505 

 

22,176 

 

201,280 

 

(3,918)

 

(632)

 

(185)

 

(4,103)

 

-  UK

128,933 

 

18,890 

 

16,165 

 

145,098 

 

(2,958)

 

(574)

 

(147)

 

(3,105)

 

-  France

32,278 

 

5,740 

 

3,557 

 

35,835 

 

(645)

 

(40)

 

(26)

 

(671)

 

-  Germany

8,309 

 

364 

 

1,156 

 

9,465 

 

(125)

 

 

(3)

 

(128)

 

-  Switzerland

1,489 

 

576 

 

513 

 

2,002 

 

(14)

 

 

 

(14)

 

-  other

8,095 

 

935 

 

785 

 

8,880 

 

(176)

 

(18)

 

(9)

 

(185)

 

Asia

257,942 

 

82,359 

 

31,637 

 

289,579 

 

(2,766)

 

(162)

 

(38)

 

(2,804)

 

-  Hong Kong

162,039 

 

64,216 

 

18,406 

 

180,445 

 

(1,180)

 

(83)

 

(15)

 

(1,195)

 

-  Australia

9,769 

 

1,813 

 

1,348 

 

11,117 

 

(95)

 

(2)

 

 

(95)

 

-  India

7,223 

 

1,951 

 

3,075 

 

10,298 

 

(90)

 

(18)

 

(4)

 

(94)

 

-  Indonesia

3,699 

 

81 

 

246 

 

3,945 

 

(229)

 

(2)

 

 

(229)

 

-  mainland China

28,443 

 

6,251 

 

7,128 

 

35,571 

 

(187)

 

(23)

 

(18)

 

(205)

 

-  Malaysia

7,228 

 

1,968 

 

123 

 

7,351 

 

(86)

 

(27)

 

 

(86)

 

-  Singapore

18,859 

 

4,637 

 

362 

 

19,221 

 

(782)

 

(2)

 

 

(782)

 

-  Taiwan

6,115 

 

50 

 

60 

 

6,175 

 

 

 

 

 

-  other

14,567 

 

1,392 

 

889 

 

15,456 

 

(117)

 

(5)

 

(1)

 

(118)

 

Middle East and North Africa (excluding Saudi Arabia)

24,625 

 

1,839 

 

379 

 

25,004 

 

(1,512)

 

(187)

 

(9)

 

(1,521)

 

-  Egypt

2,162 

 

37 

 

13 

 

2,175 

 

(157)

 

(7)

 

(3)

 

(160)

 

-  UAE

13,485 

 

1,690 

 

170 

 

13,655 

 

(1,019)

 

(176)

 

(2)

 

(1,021)

 

-  other

8,978 

 

112 

 

196 

 

9,174 

 

(336)

 

(4)

 

(4)

 

(340)

 

North America

53,386 

 

14,491 

 

9,292 

 

62,678 

 

(637)

 

(73)

 

(23)

 

(660)

 

-  US

30,425 

 

7,722 

 

7,708 

 

38,133 

 

(367)

 

(38)

 

(3)

 

(370)

 

-  Canada

22,361 

 

6,645 

 

1,440 

 

23,801 

 

(243)

 

(27)

 

(9)

 

(252)

 

-  other

600 

 

124 

 

144 

 

744 

 

(27)

 

(8)

 

(11)

 

(38)

 

Latin America

12,031 

 

1,833 

 

1,096 

 

13,127 

 

(661)

 

(113)

 

(10)

 

(671)

 

-  Mexico

10,244 

 

1,832 

 

1,083 

 

11,327 

 

(589)

 

(113)

 

(10)

 

(599)

 

-  other

1,787 

 

 

13 

 

1,800 

 

(72)

 

 

 

(72)

 

At 31 Dec 2020

527,088 

 

127,027 

 

64,580 

 

591,668 

 

(9,494)

 

(1,167)

 

(265)

 

(9,759)

 

 

Europe

175,215 

 

26,587 

 

26,497 

 

201,712 

 

(2,304)

 

(354)

 

(81)

 

(2,385)

 

-  UK

126,760 

 

18,941 

 

18,545 

 

145,305 

 

(1,629)

 

(303)

 

(26)

 

(1,655)

 

-  France

27,885 

 

5,643 

 

4,899 

 

32,784 

 

(423)

 

(28)

 

(52)

 

(475)

 

-  Germany

9,771 

 

390 

 

1,743 

 

11,514 

 

(60)

 

 

 

(60)

 

-  Switzerland

1,535 

 

554 

 

406 

 

1,941 

 

(1)

 

 

 

(1)

 

-  other

9,264 

 

1,059 

 

904 

 

10,168 

 

(191)

 

(23)

 

(3)

 

(194)

 

Asia

267,709 

 

85,556 

 

32,157 

 

299,866 

 

(1,449)

 

(94)

 

(52)

 

(1,501)

 

-  Hong Kong

168,380 

 

67,856 

 

19,776 

 

188,156 

 

(750)

 

(51)

 

(40)

 

(790)

 

-  Australia

11,428 

 

1,993 

 

1,743 

 

13,171 

 

(70)

 

(3)

 

 

(70)

 

-  India

6,657 

 

1,565 

 

2,622 

 

9,279 

 

(49)

 

(3)

 

(1)

 

(50)

 

-  Indonesia

4,346 

 

63 

 

353 

 

4,699 

 

(222)

 

(1)

 

(2)

 

(224)

 

-  mainland China

26,594 

 

5,304 

 

5,911 

 

32,505 

 

(198)

 

(29)

 

(8)

 

(206)

 

-  Malaysia

6,914 

 

1,597 

 

230 

 

7,144 

 

(40)

 

(2)

 

 

(40)

 

-  Singapore

19,986 

 

5,235 

 

618 

 

20,604 

 

(60)

 

(2)

 

 

(60)

 

-  Taiwan

6,384 

 

28 

 

82 

 

6,466 

 

(2)

 

 

 

(2)

 

-  other

17,020 

 

1,915 

 

822 

 

17,842 

 

(58)

 

(3)

 

(1)

 

(59)

 

Middle East and North Africa (excluding Saudi Arabia)

23,447 

 

1,816 

 

288 

 

23,735 

 

(1,087)

 

(181)

 

(13)

 

(1,100)

 

-  Egypt

1,889 

 

35 

 

16 

 

1,905 

 

(132)

 

 

(3)

 

(135)

 

-  UAE

13,697 

 

1,695 

 

122 

 

13,819 

 

(683)

 

(179)

 

(7)

 

(690)

 

-  other

7,861 

 

86 

 

150 

 

8,011 

 

(272)

 

(2)

 

(3)

 

(275)

 

North America

59,680 

 

15,128 

 

10,078 

 

69,758 

 

(274)

 

(43)

 

(11)

 

(285)

 

-  US

34,477 

 

8,282 

 

8,975 

 

43,452 

 

(116)

 

(14)

 

(2)

 

(118)

 

-  Canada

24,427 

 

6,556 

 

979 

 

25,406 

 

(136)

 

(10)

 

(4)

 

(140)

 

-  other

776 

 

290 

 

124 

 

900 

 

(22)

 

(19)

 

(5)

 

(27)

 

Latin America

14,448 

 

1,665 

 

1,685 

 

16,133 

 

(324)

 

(8)

 

(3)

 

(327)

 

-  Mexico

12,352 

 

1,664 

 

1,625 

 

13,977 

 

(221)

 

(8)

 

(3)

 

(224)

 

-  other

2,096 

 

 

60 

 

2,156 

 

(103)

 

 

 

(103)

 

At 31 Dec 2019

540,499 

 

130,752 

 

70,705 

 

611,204 

 

(5,438)

 

(680)

 

(160)

 

(5,598)

 

1  Real estate lending within this disclosure corresponds solely to the industry of the borrower. Commercial real estate on page 150 includes borrowers in multiple industries investing in income-producing assets and to a lesser extent, their construction and development.
 

Personal lending - loans and advances to customers at amortised cost by country/territory

 

Gross carrying amount

Allowance for ECL

 

First lien residential mortgages

Other personal

Of which: credit cards

Total

First lien residential mortgages

Other personal

Of which: credit cards

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

Europe

162,630 

 

51,033 

 

8,471 

 

213,663 

 

(364)

 

(1,980)

 

(859)

 

(2,344)

 

-  UK

154,839 

 

19,696 

 

8,064 

 

174,535 

 

(236)

 

(1,762)

 

(852)

 

(1,998)

 

-  France1

3,623 

 

23,982 

 

358 

 

27,605 

 

(43)

 

(120)

 

(5)

 

(163)

 

-  Germany

 

368 

 

 

368 

 

 

 

 

 

-  Switzerland

1,195 

 

6,641 

 

 

7,836 

 

 

(79)

 

 

(79)

 

-  other

2,973 

 

346 

 

49 

 

3,319 

 

(85)

 

(19)

 

(2)

 

(104)

 

Asia

141,581 

 

45,732 

 

11,186 

 

187,313 

 

(80)

 

(841)

 

(563)

 

(921)

 

-  Hong Kong

91,997 

 

31,594 

 

7,573 

 

123,591 

 

 

(387)

 

(265)

 

(387)

 

-  Australia

20,320 

 

602 

 

514 

 

20,922 

 

(12)

 

(47)

 

(45)

 

(59)

 

-  India

933 

 

544 

 

215 

 

1,477 

 

(9)

 

(45)

 

(34)

 

(54)

 

-  Indonesia

71 

 

288 

 

167 

 

359 

 

 

(37)

 

(26)

 

(37)

 

-  mainland China

9,679 

 

1,155 

 

644 

 

10,834 

 

(6)

 

(81)

 

(73)

 

(87)

 

-  Malaysia

2,797 

 

2,964 

 

841 

 

5,761 

 

(41)

 

(102)

 

(35)

 

(143)

 

-  Singapore

7,394 

 

6,537 

 

375 

 

13,931 

 

 

(55)

 

(17)

 

(55)

 

-  Taiwan

5,407 

 

1,069 

 

277 

 

6,476 

 

 

(15)

 

(5)

 

(15)

 

-  other

2,983 

 

979 

 

580 

 

3,962 

 

(12)

 

(72)

 

(63)

 

(84)

 

Middle East and North Africa (excluding Saudi Arabia)

2,192 

 

3,341 

 

863 

 

5,533 

 

(43)

 

(275)

 

(142)

 

(318)

 

-  Egypt

 

360 

 

89 

 

360 

 

 

(8)

 

(3)

 

(8)

 

-  UAE

1,841 

 

1,158 

 

432 

 

2,999 

 

(37)

 

(163)

 

(92)

 

(200)

 

-  other

351 

 

1,823 

 

342 

 

2,174 

 

(6)

 

(104)

 

(47)

 

(110)

 

North America

41,826 

 

4,552 

 

1,373 

 

46,378 

 

(159)

 

(266)

 

(193)

 

(425)

 

-  US

18,430 

 

2,141 

 

1,091 

 

20,571 

 

(26)

 

(226)

 

(182)

 

(252)

 

-  Canada

22,241 

 

2,230 

 

244 

 

24,471 

 

(36)

 

(31)

 

(10)

 

(67)

 

-  other

1,155 

 

181 

 

38 

 

1,336 

 

(97)

 

(9)

 

(1)

 

(106)

 

Latin America

4,053 

 

3,869 

 

1,406 

 

7,922 

 

(109)

 

(614)

 

(290)

 

(723)

 

-  Mexico

3,901 

 

3,351 

 

1,119 

 

7,252 

 

(107)

 

(578)

 

(268)

 

(685)

 

-  other

152 

 

518 

 

287 

 

670 

 

(2)

 

(36)

 

(22)

 

(38)

 

At 31 Dec 2020

352,282 

 

108,527 

 

23,299 

 

460,809 

 

(755)

 

(3,976)

 

(2,047)

 

(4,731)

 

 

Europe

145,382 

 

50,368 

 

10,246 

 

195,750 

 

(266)

 

(962)

 

(438)

 

(1,228)

 

-  UK

137,985 

 

22,395 

 

9,816 

 

160,380 

 

(159)

 

(828)

 

(434)

 

(987)

 

-  France1

3,520 

 

21,120 

 

376 

 

24,640 

 

(39)

 

(101)

 

(3)

 

(140)

 

-  Germany

 

325 

 

 

325 

 

 

 

 

 

-  Switzerland

1,183 

 

6,165 

 

 

7,348 

 

(6)

 

(17)

 

 

(23)

 

-  other

2,694 

 

363 

 

54 

 

3,057 

 

(62)

 

(16)

 

(1)

 

(78)

 

Asia

131,864 

 

48,231 

 

12,144 

 

180,095 

 

(42)

 

(690)

 

(463)

 

(732)

 

-  Hong Kong

86,892 

 

33,061 

 

8,043 

 

119,953 

 

(1)

 

(353)

 

(242)

 

(354)

 

-  Australia

16,997 

 

693 

 

603 

 

17,690 

 

(5)

 

(34)

 

(33)

 

(39)

 

-  India

1,047 

 

528 

 

219 

 

1,575 

 

(5)

 

(21)

 

(15)

 

(26)

 

-  Indonesia

67 

 

329 

 

204 

 

396 

 

 

(24)

 

(18)

 

(24)

 

-  mainland China

8,966 

 

1,190 

 

656 

 

10,156 

 

(2)

 

(74)

 

(68)

 

(76)

 

-  Malaysia

2,840 

 

3,200 

 

980 

 

6,040 

 

(22)

 

(73)

 

(33)

 

(95)

 

-  Singapore

6,687 

 

7,033 

 

452 

 

13,720 

 

(1)

 

(60)

 

(19)

 

(61)

 

-  Taiwan

5,286 

 

1,004 

 

297 

 

6,290 

 

 

(14)

 

(4)

 

(14)

 

-  other

3,082 

 

1,193 

 

690 

 

4,275 

 

(6)

 

(37)

 

(31)

 

(43)

 

Middle East and North Africa (excluding Saudi Arabia)

2,303 

 

3,914 

 

1,042 

 

6,217 

 

(62)

 

(235)

 

(111)

 

(297)

 

-  Egypt

 

346 

 

88 

 

346 

 

 

(3)

 

(1)

 

(3)

 

-  UAE

1,920 

 

1,462 

 

517 

 

3,382 

 

(59)

 

(121)

 

(54)

 

(180)

 

-  other

383 

 

2,106 

 

437 

 

2,489 

 

(3)

 

(111)

 

(56)

 

(114)

 

North America

39,065 

 

5,251 

 

1,742 

 

44,316 

 

(122)

 

(194)

 

(142)

 

(316)

 

-  US

17,870 

 

2,551 

 

1,424 

 

20,421 

 

(8)

 

(160)

 

(134)

 

(168)

 

-  Canada

19,997 

 

2,495 

 

271 

 

22,492 

 

(21)

 

(25)

 

(7)

 

(46)

 

-  other

1,198 

 

205 

 

47 

 

1,403 

 

(93)

 

(9)

 

(1)

 

(102)

 

Latin America

3,564 

 

4,329 

 

1,594 

 

7,893 

 

(37)

 

(524)

 

(241)

 

(561)

 

-  Mexico

3,419 

 

3,780 

 

1,308 

 

7,199 

 

(31)

 

(488)

 

(224)

 

(519)

 

-  other

145 

 

549 

 

286 

 

694 

 

(6)

 

(36)

 

(17)

 

(42)

 

At 31 Dec 2019

322,178 

 

112,093 

 

26,768 

 

434,271 

 

(529)

 

(2,605)

 

(1,395)

 

(3,134)

 

1  Included in other personal lending at 31 December 2020 is $20,625m (31 December 2019: $17,585m) guaranteed by Crédit Lodgement.

 

 

 

Change in reportable segments

Effective from 30 June 2020, we made the following realignments within our internal reporting:

We simplified our matrix organisational structure by merging Global Private Banking and Retail Banking and Wealth Management to form Wealth and Personal Banking ('WPB'). As a result, the gross carrying/nominal values and the associated allowance for ECL of Global Private Banking and Retail Banking and Wealth Management have been merged into WPB.

We reallocated Markets Treasury from Corporate Centre to the global businesses. As a result, Market Treasury's gross carrying/nominal values and the associated allowance for ECL have been transferred from the Corporate Centre into the other global businesses.

Comparative data have been re-presented accordingly. There is no impact upon total gross carrying/nominal values, total allowance for ECL or the staging of financial instruments.

 

Summary of financial instruments to which the impairment requirements in IFRS 9 are applied - by global business

 

Gross carrying/nominal amount

Allowance for ECL

 

Stage 1

Stage 2

Stage 3

POCI

Total

Stage 1

Stage 2

Stage 3

POCI

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

$m

$m

Loans and advances to customers at amortised cost

869,920 

 

163,185 

 

19,095 

 

277 

 

1,052,477 

 

(1,974)

 

(4,965)

 

(7,439)

 

(112)

 

(14,490)

 

-  WPB

442,641 

 

25,694 

 

5,753 

 

 

474,088 

 

(854)

 

(2,458)

 

(1,590)

 

 

(4,902)

 

-  CMB

238,517 

 

101,960 

 

10,408 

 

212 

 

351,097 

 

(917)

 

(2,029)

 

(4,874)

 

(96)

 

(7,916)

 

-  GBM

187,564 

 

35,461 

 

2,934 

 

65 

 

226,024 

 

(203)

 

(465)

 

(975)

 

(16)

 

(1,659)

 

-  Corporate Centre

1,198 

 

70 

 

 

 

1,268 

 

 

(13)

 

 

 

(13)

 

Loans and advances to banks at amortised cost

79,654 

 

2,004 

 

 

 

81,658 

 

(33)

 

(9)

 

 

 

(42)

 

-  WPB

16,837 

 

519 

 

 

 

17,356 

 

(2)

 

(2)

 

 

 

(4)

 

-  CMB

12,253 

 

222 

 

 

 

12,475 

 

(2)

 

 

 

 

(2)

 

-  GBM

33,361 

 

1,166 

 

 

 

34,527 

 

(23)

 

(7)

 

 

 

(30)

 

-  Corporate Centre

17,203 

 

97 

 

 

 

17,300 

 

(6)

 

 

 

 

(6)

 

Other financial assets measured at amortised cost

768,216 

 

3,975 

 

177 

 

40 

 

772,408 

 

(80)

 

(44)

 

(42)

 

(9)

 

(175)

 

-  WPB

167,053 

 

1,547 

 

50 

 

39 

 

168,689 

 

(41)

 

(22)

 

(7)

 

(9)

 

(79)

 

-  CMB

111,299 

 

1,716 

 

65 

 

 

113,081 

 

(17)

 

(19)

 

(25)

 

 

(61)

 

-  GBM

391,967 

 

705 

 

56 

 

 

392,728 

 

(22)

 

(3)

 

(10)

 

 

(35)

 

-  Corporate Centre

97,897 

 

 

 

 

97,910 

 

 

 

 

 

 

Total gross carrying amount on-balance sheet at 31 Dec 2020

1,717,790 

 

169,164 

 

19,272 

 

317 

 

1,906,543 

 

(2,087)

 

(5,018)

 

(7,481)

 

(121)

 

(14,707)

 

Loans and other credit-related commitments

604,485 

 

54,217 

 

1,080 

 

 

659,783 

 

(290)

 

(365)

 

(78)

 

(1)

 

(734)

 

-  WPB

232,027 

 

2,591 

 

136 

 

 

234,754 

 

(41)

 

(2)

 

 

 

(43)

 

-  CMB

111,800 

 

29,150 

 

779 

 

 

141,730 

 

(157)

 

(203)

 

(72)

 

(1)

 

(433)

 

-  GBM

260,527 

 

22,476 

 

165 

 

 

283,168 

 

(92)

 

(160)

 

(6)

 

 

(258)

 

-  Corporate Centre

131 

 

 

 

 

131 

 

 

 

 

 

 

Financial guarantees

14,090 

 

4,024 

 

269 

 

 

18,384 

 

(37)

 

(62)

 

(26)

 

 

(125)

 

-  WPB

1,048 

 

23 

 

 

 

1,073 

 

 

 

 

 

 

-  CMB

5,556 

 

2,519 

 

146 

 

 

8,222 

 

(19)

 

(36)

 

(12)

 

 

(67)

 

-  GBM

7,482 

 

1,482 

 

121 

 

 

9,085 

 

(17)

 

(26)

 

(14)

 

 

(57)

 

-  Corporate Centre

 

 

 

 

 

(1)

 

 

 

 

(1)

 

Total nominal amount off-balance sheet at 31 Dec 2020

618,575 

 

58,241 

 

1,349 

 

 

678,167 

 

(327)

 

(427)

 

(104)

 

(1)

 

(859)

 

 

 

 

 

 

 

 

 

 

 

 

WPB

159,988 

 

625 

 

154 

 

39 

 

160,806 

 

(27)

 

(10)

 

(15)

 

(8)

 

(60)

 

CMB

95,182 

 

313 

 

51 

 

10 

 

95,556 

 

(22)

 

(3)

 

(2)

 

(2)

 

(29)

 

GBM

136,909 

 

126 

 

93 

 

 

137,128 

 

(24)

 

(1)

 

(3)

 

 

(28)

 

Corporate Centre

5,838 

 

389 

 

 

 

6,227 

 

(17)

 

(6)

 

(1)

 

 

(24)

 

Debt instruments measured at FVOCI at
31 Dec 2020

397,917 

 

1,453 

 

298 

 

49 

 

399,717 

 

(90)

 

(20)

 

(21)

 

(10)

 

(141)

 

 

 

Summary of financial instruments to which the impairment requirements in IFRS 9 are applied - by global business (continued)1

 

Gross carrying/nominal amount

Allowance for ECL

 

Stage 1

Stage 2

Stage 3

POCI

Total

Stage 1

Stage 2

Stage 3

POCI

Total

 

$m

$m

$m

$m

$m

$m

$m

$m

$m

$m

Loans and advances to customers at amortised cost

951,583 

 

80,182 

 

13,378 

 

332 

 

1,045,475 

 

(1,297)

 

(2,284)

 

(5,052)

 

(99)

 

(8,732)

 

-  WPB

424,342 

 

16,797 

 

5,131 

 

 

446,270 

 

(602)

 

(1,330)

 

(1,312)

 

 

(3,244)

 

-  CMB

297,364 

 

46,423 

 

6,649 

 

212 

 

350,648 

 

(520)

 

(765)

 

(3,190)

 

(68)

 

(4,543)

 

-  GBM

228,770 

 

16,934 

 

1,598 

 

120 

 

247,422 

 

(173)

 

(177)

 

(550)

 

(31)

 

(931)

 

-  Corporate Centre

1,107 

 

28 

 

 

 

1,135 

 

(2)

 

(12)

 

 

 

(14)

 

Loans and advances to banks at amortised cost

67,769 

 

1,450 

 

 

 

69,219 

 

(14)

 

(2)

 

 

 

(16)

 

-  WPB

14,636 

 

393 

 

 

 

15,029 

 

(1)

 

(1)

 

 

 

(2)

 

-  CMB

8,842 

 

219 

 

 

 

9,061 

 

(2)

 

 

 

 

(2)

 

-  GBM

30,391 

 

818 

 

 

 

31,209 

 

(9)

 

(1)

 

 

 

(10)

 

-  Corporate Centre

13,900 

 

20 

 

 

 

13,920 

 

(2)

 

 

 

 

(2)

 

Other financial assets measured at amortised cost

613,200 

 

1,827 

 

151 

 

 

615,179 

 

(38)

 

(38)

 

(42)

 

 

(118)

 

-  WPB

109,423 

 

548 

 

41 

 

 

110,012 

 

(21)

 

(30)

 

(5)

 

 

(56)

 

-  CMB

64,586 

 

904 

 

51 

 

 

65,542 

 

(10)

 

(7)

 

(26)

 

 

(43)

 

-  GBM

361,541 

 

374 

 

37 

 

 

361,952 

 

(7)

 

(1)

 

(11)

 

 

(19)

 

-  Corporate Centre

77,650 

 

 

22 

 

 

77,673 

 

 

 

 

 

 

Total gross carrying amount on-balance sheet at
31 Dec 2019

1,632,552 

 

83,459 

 

13,529 

 

333 

 

1,729,873 

 

(1,349)

 

(2,324)

 

(5,094)

 

(99)

 

(8,866)

 

Loans and other credit-related commitments

577,631 

 

21,618 

 

771 

 

 

600,029 

 

(137)

 

(133)

 

(59)

 

 

(329)

 

-  WPB

213,093 

 

1,945 

 

185 

 

 

215,223 

 

(15)

 

(1)

 

 

 

(16)

 

-  CMB

117,703 

 

11,403 

 

558 

 

 

129,673 

 

(69)

 

(65)

 

(56)

 

 

(190)

 

-  GBM

246,805 

 

8,270 

 

28 

 

 

255,103 

 

(53)

 

(67)

 

(3)

 

 

(123)

 

-  Corporate Centre

30 

 

 

 

 

30 

 

 

 

 

 

 

Financial guarantees

17,684 

 

2,340 

 

186 

 

 

20,214 

 

(16)

 

(22)

 

(10)

 

 

(48)

 

-  WPB

972 

 

 

 

 

977