DBS BANK CHINA LIMITED NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2012 All amounts expressed in Rmb unless otherwise stated
[English translation for reference only]
49
48 FINANCIAL RISK MANAGEMENT continued
48.2 Credit risk continued C
Impairment and provisioning policies continued
Collectively assessed impairment allowances are provided for: i portfolios of homogenous assets that are individually below materiality thresholds; and ii losses that have been
incurred but have not yet been identified, by using the available historical experience, experienced judgment and statistical techniques.
D Maximum exposure to credit risk before collateral held or other credit enhancements
31 December 2012
31 December 2011
Deposits with other banks 14,213,304,799
7,168,349,714 Placements with other banks
11,457,103,074 11,365,617,965
Trading assets 3,987,444,525
4,140,232,322 Investment securities
– available-for-sale 3,051,065,805
2,550,693,786 Financial assets purchased under resale
agreements -
2,594,928,756 Derivative assets
2,873,823,927 1,805,640,590
Interest receivable 592,714,121
500,294,738 Loans to corporate entities
41,398,269,815 34,163,377,974
Loans to individuals 5,453,540,351
5,492,485,586 Other financial assets
120,021,859 123,752,412
Sub-total 83,147,288,276
69,905,373,843 Letters of credit issued
21,865,545,724 10,949,871,136
Letters of guarantee issued 1,112,029,363
1,574,139,685 Irrevocable loan commitment
736,761,515 1,529,937,525
Bank acceptances 1,194,520,292
1,065,096,451 Standby letter of credit
1,074,412,502 831,650,344
Sub-total 25,983,269,396
15,950,695,141 Total
109,130,557,672 85,856,068,984
The above table represents a worse case scenario of credit risk exposure to the Bank at 31 December 2012, without taking account of any collateral held or other credit enhancements
attached. For on-balance-sheet assets, the exposures set out above are based on net carrying amounts as reported in the balance sheet.
As shown above, 56 of the total on-balance-sheet maximum exposure is derived from loans and advances to customers 31 December 2011: 57.
DBS BANK CHINA LIMITED NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2012 All amounts expressed in Rmb unless otherwise stated
[English translation for reference only]
50
48 FINANCIAL RISK MANAGEMENT continued
48.2 Credit risk continued E
