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HALF-YEAR REPORT 2016
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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32 Financial risk management and fair values
(continued)
(a) Credit risk
(continued)
(ii) Distribution by credit exposure is as follows
(continued)
:
Notes:
(1)
Collateral and other credit enhancements for overdue but not impaired loans and advances
As at 30 June 2016, the corporate loans and advances of the Group which were overdue but not impaired were
HK$60,468 million (31 December 2015: HK$36,693 million). As at 30 June 2016, the secured portion of these loans and
advances were HK$35,987 million (31 December 2015: HK$21,471 million), and the remaining loans and advances were
unsecured.
The fair value of collateral held against these loans and advances amounted to HK$43,779 million as at 30 June 2016 (31
December 2015: HK$28,290 million).
The fair value of collateral was estimated by management based on the latest available external valuations, if any,
adjusted by taking into account the current realisation experience as well as market situation.
(2)
The balance represents collectively assessed allowance for impairment losses.
(iii) Loans and advances to customers and other parties analysed by industry sector:
As at 30 June 2016
As at 31 December 2015
Gross
balance
Loans and
advances
secured by
collateral
Gross
balance
Loans and
advances
secured by
collateral
HK$ million
% HK$ million
HK$ million
% HK$ million
Corporate loans
– Manufacturing
487,968
15% 247,544
494,368
17% 240,563
– Real estate
352,727
11% 303,596
307,585
10% 261,357
– Wholesale and retail
299,809
9% 185,796
311,149
10% 192,861
– Rental and business
services
189,569
6% 112,009
176,416
6% 103,917
– Transportation,
storage and postal
services
184,784
6% 94,790
176,102
6%
86,347
– Water, environment
and public utility
management
166,081
5% 83,900
152,110
5%
76,776
– Construction
120,610
4% 54,698
122,469
4%
57,306
– Production and
supply of electric
power, gas and
water
69,829
2% 25,120
65,296
2%
24,134
– Public management
and social
organisations
25,885
1%
5,725
24,869
1%
5,825
– Others
297,011
9% 124,941
284,921
9% 116,578
2,194,273
68% 1,238,119
2,115,285
70% 1,165,664
Personal loans
940,787
29% 689,900
798,078
26% 571,250
Discounted bills
92,853
3%
–
110,721
4%
–
3,227,913
100% 1,928,019
3,024,084
100% 1,736,914