Page 148 - EXIM-Bank_Annual-Report-2023

EXIM BANk MALAySIA
146 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
Notes to the fiNaNcial statemeNts

9. LoANS, ADvANCES AND FINANCING (cont’d)
(ix) Movements in the allowance for ECL for loans, advances and financing are as follows: (cont’d)

Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-month not credit ECL credit
ECL impaired impaired Total ECL
rM’000 rM’000 rM’000 rM’000
Group and Bank
2022

At 1 January 66,630 482,275 1,450,165 1,999,070
Transferred from Stage 1 45,097 (45,097) - -
Transferred to Stage 2 - - - -
Transferred to Stage 3 - (47,752) 47,752 -
Allowance/(Writeback) recognised in profit or loss (14,945) (59,034) 218,176 144,197
Financial assets derecognised (14,627) (9,397) - (24,024)
Changes due to change in credit risk (12,184) (39,125) - (51,309)
Modification to contractual cash flows of financial assets 7,115 (81,134) - (74,019)
Total amount charged to profit or loss during the period 10,456 (281,539) 265,928 (5,155)

Other movement with no profit or loss impact:
- Write offs - - (310,757) (310,757)
- Exchange differences - - 60,697 60,697
At 31 December 77,086 200,736 1,466,033 1,743,855

Group and Bank
2023 2022
rM’000 rM’000
Breakdown of ECL Stage 1 and 2:
From non-impaired loans, advances and financing 190,518 277,822
190,518 277,822

As % of net loans, advances and financing (exclude gross impaired loan and staff loan) 6.90% 10.15%