Page 186 - EXIM-Bank_Annual-Report-2023

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

43. FINANCIAL rISk MANAGEMENT PoLICIES (cont’d)
Market risk management (cont’d)

Generally, the Group is exposed to three types of foreign exchange risk such as translation risk, transactional risk and
economic risk which are managed in accordance with the market risk policy and limits. The Group controls its FX exposures
by transacting in permissible currencies. It has an internal FX NOP to measure, control and monitor its FX risk and implements
FX hedging strategies to minimise FX exposures. Stress testing is conducted periodically to ensure sufficient capital buffer on
FX risk.
united Great
states Singapore Britain Australian
dollar Euro dollar Pound dollar Others
rM’000 rM’000 rM’000 rM’000 rM’000 rM’000
Group and Bank

2023
Assets
Cash and bank balances 6,510 1,869 130 430 1,716 111
Deposits and placements with banks
and other financial institutions 634,245 26,434 - 9,014 34,377 -
Investment securities 81,257 - - - - -
Loans, advances and financing 2,368,520 142,551 1,121 205,975 49,666 (26)
Derivative financial instruments 2,375 - - - - -
Other assets 41,611 13 - 4 108 -
Total assets 3,134,518 170,867 1,251 215,423 85,867 85

Liabilities
Borrowings 3,404,587 139,612 - 203,080 59,804 -
Other payables & accruals 88,331 94 1,046 3,349 7,384 46
Derivative financial instruments 144,008 - - - - -
Provision for commitment
& contingencies 26,679 - - - - -
Total liabilities 3,663,605 139,706 1,046 206,429 67,188 46

On-balance sheet open position (529,087) 31,161 205 8,994 18,679 39
Add/(less): Net forward position 102,467 ( 30,461) - - - -
Net open position liabilities/(assets) (426,620) 700 205 8,994 18,679 39