v3.25.4
Credit risk concentrations
 12 Months Ended
Dec. 31, 2025
Risks and Uncertainties [Abstract]  
Credit risk concentrations
Note 7: Credit risk concentrations

Concentrations of credit risk in the lending and off-balance sheet credit-related arrangements portfolios arise when a number of customers are engaged in similar business
activities, are in the same geographic region, or when they have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by
changes in economic conditions. The Bank regularly monitors various segments of its credit risk portfolio to assess potential concentrations of risks and to obtain collateral when
deemed necessary. In the Bank's commercial portfolio, risk concentrations are evaluated primarily by industry and by geographic region of loan origination. In the consumer
portfolio, concentrations are evaluated primarily by products. Credit exposures include loans, guarantees and acceptances, letters of credit and commitments for undrawn lines
of credit. Unconditionally cancellable credit cards and overdraft lines of credit are excluded from the tables below.

The following table summarizes the credit exposure of the Bank by geographic region. The exposure amounts disclosed below do not include accrued interest and are gross of
allowances for credit losses and gross of collateral held.
December 31, 2025December 31, 2024
Geographic regionCash and cash equivalents, resell agreements and
 short-term
 investments		LoansOff-balance
 sheet		Total credit
 exposure		Cash and cash equivalents, resell agreements and
 short-term
 investments		LoansOff-balance
 sheet		Total credit
 exposure
Belgium3,568 — — 3,568 2,478 — — 2,478 
Bermuda41,849 1,471,971 317,243 1,831,063 37,227 1,631,461 186,210 1,854,898 
Canada1,276,109 — — 1,276,109 1,417,882 — — 1,417,882 
Cayman Islands37,633 1,029,012 198,769 1,265,414 40,675 1,068,142 218,817 1,327,634 
France117,550 — — 117,550 207,687 — — 207,687 
Germany6,121 — — 6,121 1,178 — — 1,178 
Guernsey1 541,110 99,753 640,864 1 552,994 103,979 656,974 
Ireland26,027 — — 26,027 8,672 — — 8,672 
Japan102,407 — — 102,407 121,862 — — 121,862 
Jersey— 306,190 65,666 371,856 — 223,964 68,217 292,181 
Mauritius686 — — 686 1,055 — — 1,055 
Norway90,585 — — 90,585 100,148 — — 100,148 
Switzerland9,642 — — 9,642 3,377 — — 3,377 
The Bahamas186 2,895 — 3,081 184 3,791 — 3,975 
United Kingdom 1,357,142 1,056,609 143,314 2,557,065 1,240,116 1,018,948 137,654 2,396,718 
United States490,782 — — 490,782 599,264 — — 599,264 
Other1,429 — — 1,429 1,705 — — 1,705 
Total gross exposure3,561,717 4,407,787 824,745 8,794,249 3,783,511 4,499,300 714,877 8,997,688