Page 230 - Bank-Muamalat-AR2020

228 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
ANNUAL REPORT FY2020

Notes to the fiNaNcial statemeNts
31 December 2020 (16 JamaDil awal 1442h)

8(a). IMPAIrED FINANCING
(i) Movements in the impaired financing

As at 31 December 2020
Group Bank
rM’000 rM’000

At 1 January 2020 209,166 209,166
Classified as impaired during the year 152,808 152,808
Reclassified as performing during the year (62,358) (62,358)
Recovered during the year (40,362) (40,362)
Written off during the year (64,543) (64,543)

Gross impaired financing 194,711 194,711
Less: Stage 3 - Lifetime ECL credit impaired (87,944) (87,944)

Net impaired financing 106,767 106,767

Calculation ratio of impaired financing:

Gross financing of customers 18,216,193 18,210,578
Less: Stage 3 - Lifetime ECL credit impaired (87,944) (87,944)

Net financing of customers 18,128,249 18,122,634

Ratio of gross impaired financing to total financing 1.07% 1.07%

Net impaired financing ratio 0.59% 0.59%