Page 105 - Annual Report 2023

ANNUAL REPORT 2023 36
Notes to the Consolidated Financial Statements for the year ended 31 December 2023
(amounts in USD, unless otherwise stated)

The following table sets out the changes in in gross carrying amount of financial assets where impairment requirements apply (other
than loans to customers).

Reconciliation of the accumulated impairment allowance of financial assets where impairment requirements apply
(other than loans to customers)
31 December 2023 Due from Banks Investment Securities at FVOCI
Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total
Balance at 1 1,442,318 - - 1,442,318 2,561,734 5,802,980 24,659,086 33,023,800
January 2023

Transfer to Stage 1 - - - - - - - -
(from 2 or 3)
Transfer to Stage 2 - - - - (312,214) 312,214 - -
(from 1 or 3)
Transfer to Stage 3 - - - - - (3,046,315) 4,500,759 1,454,444
(from 1 or 2)
New financial
assets originated or 954,106 - - 954,106 432,180 - - 432,180
purchased
Derecognition of (959,551) - - (959,551) (675,289) - - (675,289)
financial assets
Reclassification of - - - - - - - -
instruments
Write-offs - - - - - - - -
Changes in models/ 56,156 - - 56,156 925,943 1,877,904 6,688,848 9,492,695
risk parameters
Foreign exchange and 40,032 - - 40,032 (237,707) 19,082 906,769 688,144
other movements
Allowance at 31 1,533,061 - - 1,533,061 2,694,647 4,965,865 36,755,462 44,415,974
December 2023

31 December 2023 Debt Investment Securities at amortised cost Loan Commitments and financial guarantee contracts
Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total
Balance at 1 4,528,553 2,870,605 3,439,597 10,838,755 522,566 - - 522,566
January 2023

Transfer to Stage 1 - - - - - - - -
(from 2 or 3)
Transfer to Stage 2 - - - - - - - -
(from 1 or 3)
Transfer to Stage 3 - - - - - - - -
(from 1 or 2)
New financial
assets originated or 3,331,652 - - 3,331,652 362,867 20,052 45,342 428,261
purchased
Derecognition of (572,237) (11,524) - (583,761) (186,541) - - (186,541)
financial assets
Reclassification of - - - - -
instruments
Write-offs - - - - - - - -
Changes in models/ 5,514,913 (2,962,881) 1,967,292 4,519,324 104,035 - - 104,035
risk parameters
Foreign exchange and 1,163,456 103,800 97,717 1,364,973 28,228 - - 28,228
other movements
Allowance at 31 13,966,337 - 5,504,606 19,470,943 831,155 20,052 45,342 896,549
December 2023