Page 41 - Annual Report 2021 EN

/ 41 T ABLE OF C ONTENT S

T O TAL LIABILI T IES

3. Composition of total liabilities

Overall liabilities as of December 2021 increased by

40.9% year-on-year, mostly attributed to intra-group

funding. Intra-group funding remained the key funding
source of QFC corporate banks, representing 60%

of total liabilities as of December 2021, a decrease

from the prior year’s level of 65.8%. The proportion
of term debt to total funding reported at 26.9% as

of the 2020 year-end decreased slightly to 22.2%.

Deposits and current accounts, comprising fixed

and notice deposits, decreased to 10.5% of total

liabilities compared to 11.4% as of year-end 2020.

Intra-group funding Term debt Deposits & current accounts

Derivatives Other