| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Assets | ||||||
Cash and demand deposits with banks - Non-interest bearing | ||||||
89 | 110 | 110 | ||||
Demand deposits with banks - Interest bearing | ||||||
340 | 326 | 378 | ||||
Cash equivalents - Interest bearing | ||||||
1,105 | 1,664 | 1,799 | ||||
Cash due from banks | ||||||
1,535 | 2,101 | 2,288 | ||||
Securities purchased under agreement to resell | ||||||
178 | 148 | 0 | ||||
Short-term investments | ||||||
249 | 519 | 409 | ||||
Investment in securities | ||||||
Trading | ||||||
6 | 6 | 321 | ||||
Available-for-sale | ||||||
3,317 | 3,332 | 2,201 | ||||
Held-to-maturity (fair value: $1,377,354 (2016: $1,046,828)) | ||||||
1,381 | 1,061 | 701 | ||||
Total investment in securities | ||||||
4,706 | 4,400 | 3,223 | ||||
Loans | ||||||
Loans | ||||||
3,812 | 3,614 | 4,049 | ||||
Allowance for credit losses | ||||||
35 | 44 | 49 | ||||
Loans, net of allowance for credit losses | ||||||
3,776 | 3,570 | 4,000 | ||||
Premises, equipment and computer software | ||||||
164 | 167 | 183 | ||||
Accrued interest | ||||||
24 | 22 | 17 | ||||
Goodwill | ||||||
21 | 19 | 23 | ||||
Intangible assets | ||||||
39 | 42 | 27 | ||||
Investments in associates and equity method | ||||||
14 | 13 | - | ||||
Equity method investments | ||||||
- | - | 12 | ||||
Other real estate owned | ||||||
9 | 14 | 11 | ||||
Other assets | ||||||
58 | 82 | 77 | ||||
Total assets | ||||||
10,779 | 11,103 | 10,275 | ||||
Liabilities | ||||||
Total deposits | ||||||
9,536 | 10,033 | 9,182 | ||||
Employee benefit plans | ||||||
128 | 139 | 122 | ||||
Accrued interest | ||||||
2 | 2 | 2 | ||||
Pending payable for investments purchased | ||||||
51 | 0 | - | ||||
Preference share dividends payable | ||||||
- | - | 0 | ||||
Other liabilities | ||||||
119 | 100 | 100 | ||||
Total other liabilities | ||||||
302 | 242 | 226 | ||||
Long-term debt | ||||||
117 | 117 | 117 | ||||
Total liabilities | ||||||
9,956 | 10,392 | 9,525 | ||||
Commitments, contingencies and guarantees (Note 12) | ||||||
0 | 0 | 0 | ||||
Shareholders' equity | ||||||
Preference share capital (USD 0.01 par; USD 1,000 liquidation preference) issued and outstanding: nil (2015: 182,863) | ||||||
- | - | 0 | ||||
Common share capital (BMD 0.01 par; authorized voting ordinary shares 2,000,000,000 and non-voting ordinary shares 6,000,000,000) issued and outstanding: 54,692,630 (2016: 53,284,872) | ||||||
0 | 0 | 0 | ||||
Additional paid-in capital | ||||||
1,155 | 1,142 | 1,225 | ||||
Accumulated deficit | ||||||
-204 | -287 | -368 | ||||
Less: treasury common shares, at cost: nil (2016: 2,066) | ||||||
0 | 0 | 16 | ||||
Accumulated other comprehensive loss | ||||||
-129 | -144 | -90 | ||||
Total shareholders equity | ||||||
822 | 710 | 750 | ||||
Total liabilities and shareholders equity | ||||||
10,779 | 11,103 | 10,275 | ||||