Page 311 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

47. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D.)
(a) Credit risk (cont’d.)

(ii) Credit quality for financing of customers (cont’d.)
The credit quality for financing of customers is managed by the Group and the Bank using the internal credit
ratings. The table below shows the credit quality for financing of customers exposed to credit risk, based on the
Group’s and the Bank’s internal credit ratings. (cont’d.)
Financing of customers are analysed as follows: (cont’d.)

Past due
Neither past due nor impaired but not Impaired
Bank Good Satisfactory impaired financing Total
2022 RM’000 RM’000 RM’000 RM’000 RM’000

Term financing
- Home financing 6,826,928 328,592 172,313 60,051 7,387,884
- Syndicated financing 555,291 - - - 555,291
- Hire purchase
receivables 904,427 6,196 7,152 1,548 919,323
- Other term financing 11,162,735 114,700 104,998 103,040 11,485,473
Other financing 3,864,750 9,759 1,096 41,318 3,916,923

23,314,131 459,247 285,559 205,957 24,264,894
Less:
- Stage 1
- 12 Months ECL (125,580) (3,316) - - (128,896)
- Stage 2
- Lifetime ECL
not credit impaired - (15,387) (10,280) - (25,667)
- Stage 3
- Lifetime ECL
credit impaired - - - (103,918) (103,918)
Total net financing 23,188,551 440,544 275,279 102,039 24,006,413

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