Page 113 - Annual Report 2023

ANNUAL REPORT 2023 44
Notes to the Consolidated Financial Statements for the year ended 31 December 2023
(amounts in USD, unless otherwise stated)

The following table sets out information about the credit quality loans to customers for the corporate portfolio in 2023. Unless specifically
indicated, for financial assets, the amounts in the table represent gross carrying amounts.

DISCLOSURES BY CREDIT RISK RATING GRADES – LOANS TO CUSTOMERS AT AMORTISED COST - CORPORATE PORTFOLIO
Lifetime ECL not Lifetime ECL
31 December 2023 12-month ECL Total
credit-impaired credit-impaired
Large Corporate
Strong (rating A) 6,040,176 - - 6,040,176
Satisfactory (rating B&C) 596,932,022 47,000,654 56,496 643,989,172
Watch list (higher risk) (rating D lower than C) - - 13,796,615 13,796,615
Default (Lower than D and over 90 days past due) - - 14,006,798 14,006,798
Total Rated 602,972,198 47,000,654 27,859,909 677,832,761
Non Rated 22,334,422 57,450,544 22,637 79,807,603
Total gross amount 625,306,620 104,451,198 27,882,546 757,640,364

Loss allowance 11,777,606 15,887,929 9,224,064 36,889,599
Carrying amount 613,529,014 88,563,269 18,658,482 720,750,765

Discounted collateral held for credit impaired assets 1,296,647,142 89,939,636 51,498,858 1,438,085,636

SME Corporate
Strong (rating A) 4,936,906 - - 4,936,906
Satisfactory (rating B&C) 93,538,901 7,278,208 39,369 100,856,478
Watch list (higher risk) (rating D lower than C) - - 2,105,917 2,105,917
Default (Lower than D and over 90 days past due) - - 3,134,947 3,134,947
Total Rated 98,475,807 7,278,208 5,280,233 111,034,248
Non Rated 886,279 234,137 48,506 1,168,922
Total gross amount 99,362,086 7,512,345 5,328,739 112,203,170

Loss allowance 1,562,507 456,875 1,989,682 4,009,064
Carrying amount 97,799,579 7,055,470 3,339,057 108,194,106

Discounted collateral held for credit impaired assets 270,915,015 23,973,229 16,821,723 311,709,967

Micro Corporate
Strong (rating A) 4,387,631 - - 4,387,631
Satisfactory (rating B&C) 36,118,600 2,019,214 19,250 38,157,064
Watch list (higher risk) (rating D lower than C) - - 532,559 532,559
Default (Lower than D and over 90 days past due) - - 6,186,653 6,186,653
Total Rated 40,506,231 2,019,214 6,738,462 49,263,907
Non Rated 7,758,676 1,536,968 224,914 9,520,558
Total gross amount 48,264,907 3,556,182 6,963,376 58,784,465

Loss allowance 863,992 278,779 3,025,230 4,168,001
Carrying amount 47,400,915 3,277,403 3,938,146 54,616,464

Discounted collateral held for credit impaired assets 124,852,813 9,822,589 19,172,527 153,847,929
OFF BALANCE SHEET
Credit cards Loss allowance 28,170 28,170