Page 228 - Bank-Muamalat-Annual-Report-2021

226 bank MuaMalat Malaysia berhaD
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMbEr 2021 (26 JAMADIL AwAL 1443H)

7. fINANcING Of cusTOMeRs (cONT’D.)

(ix) Movements in the loss allowance for financing of customers
stage 2 stage 3
Lifetime ecL Lifetime
stage 1 not credit ecL credit
12 Months ecL impaired impaired Total ecL
Group and Bank RM’000 RM’000 RM’000 RM’000

At 31 December 2021
At 1 January 2021 94,984 8,561 87,944 191,489
Transfer to Stage 1 28,881 (15,814) (13,067) -
Transfer to Stage 2 (15,730) 46,216 (30,486) -
Transfer to Stage 3 (1,755) (3,979) 5,734 -
Allowance (written back)/made (24,496) (1,002) 73,264 47,766
New financing originated 99,651 - - 99,651
Financing derecognised (64,766) 64 (6,560) (71,262)
Amount written-off - - (40,695) (40,695)
Exchange difference (1) - - (1)
At 31 December 2021 116,768 34,046 76,134 226,948

stage 2 stage 3
Lifetime ecL Lifetime
stage 1 not credit ecL credit
12 Months ecL impaired impaired Total ecL
Group and Bank RM’000 RM’000 RM’000 RM’000

At 31 December 2020
At 1 January 2020 51,342 13,766 86,734 151,842
Transfer to Stage 1 15,374 (8,473) (6,901) -
Transfer to Stage 2 (1,572) 25,182 (23,610) -
Transfer to Stage 3 (346) (10,232) 10,578 -
Allowance (written back)/made (2,719) (11,017) 91,759 78,023
New financing originated 79,619 638 - 80,257
Financing derecognised (46,713) (1,303) (12,546) (60,562)
Amount written-off - - (58,070) (58,070)
Exchange difference (1) - - (1)

At 31 December 2020 94,984 8,561 87,944 191,489