Page 273 - Bank-Muamalat_Annual-Report-2023
P. 273
ANNUAL REPORT 2023
OUR NUMBERS
21. OTHER LIABILITIES (CONT’D.)
(a) Movements in the allowances for impairment losses on financing commitments and financial guarantee contracts
are as follows:
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 8,165 118 1,385 9,668
Transfer to Stage 1 2,125 (2,081) (44) -
Transfer to Stage 2 (599) 915 (316) -
Transfer to Stage 3 (1) (71) 72 -
Allowance (written-back)/made (4,123) 1,444 1,710 (969)
New financial assets originated or purchased 5,685 274 - 5,959
Financing derecognised (3,134) (196) (306) (3,636)
Amount written-off - - (801) (801)
Other movements 3 7 - 10
At 31 December 2023 8,121 410 1,700 10,231
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
At 1 January 2022 5,206 133 616 5,955
Transfer to Stage 1 213 (116) (97) -
Transfer to Stage 2 (168) 236 (68) -
Transfer to Stage 3 (1) (367) 368 -
Allowance (written-back)/made (543) 376 809 642
New financial assets originated or purchased 5,767 - - 5,767
Financing derecognised (2,309) (144) (243) (2,696)
At 31 December 2022 8,165 118 1,385 9,668
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