Page 249 - Bank-Muamalat_Annual-Report-2023
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ANNUAL REPORT 2023
OUR NUMBERS
7. FINANCING OF CUSTOMERS (CONT’D.)
(ix) Movements in the loss allowance for financing of customers
Lifetime ECL Lifetime
not credit ECL credit
12 Months ECL impaired impaired
Stage 1 Stage 2 Stage 3 Total ECL
Group and Bank RM’000 RM’000 RM’000 RM’000
2023
At 1 January 2023 128,896 25,667 103,918 258,481
Transfer to Stage 1 22,350 (16,303) (6,047) -
Transfer to Stage 2 (9,361) 13,428 (4,067) -
Transfer to Stage 3 (9,028) (3,346) 12,374 -
Changes in credit risk (47,784) 4,356 83,440 40,012
New financing originated 59,787 - 900 60,687
Financing derecognised (24,622) (544) (12,697) (37,863)
Amount written-off - - (98,797) (98,797)
At 31 December 2023 120,238 23,258 79,024 222,520
Lifetime ECL Lifetime
not credit ECL credit
12 Months ECL impaired impaired
Stage 1 Stage 2 Stage 3 Total ECL
Group and Bank RM’000 RM’000 RM’000 RM’000
2022
Restated
At 1 January 2022 116,768 34,046 76,134 226,948
Transfer to Stage 1 18 ,919 (3,063) (5,856) -
Transfer to Stage 2 (6,338) 7,549 (1,211) -
Transfer to Stage 3 (8,526) (15,712) 24,238 -
Changes in credit risk (20,132) 3,716 61,412 44,996
New financing originated 61,989 - - 61,989
Financing derecognised (23,784) (869) (20,848) (45,501)
Amount written-off - - (29,951) (29,951)
At 31 December 2022 128,896 25,667 103,918 258,481
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