Page 115 - Annual Report 2023

ANNUAL REPORT 2023 46
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 retail 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 - RETAIL PORTFOLIO

Lifetime ECL
31 December 2023 12-month ECL Lifetime ECL not credit-impaired Total
credit-impaired
Mortgage
Strong 26,299,810 61,771 - 26,361,581
Satisfactory 347,294,005 11,315,466 110,355 358,719,826
Watch list (higher risk) - - 1,823,943 1,823,943
Defaults - - 3,373,563 3,373,563
Non Rated 118,151,128 698,713 - 118,849,841
Total gross amount 491,744,943 12,075,950 5,307,861 509,128,754

Loss allowance 1,688,399 797,604 1,190,394 3,676,397
Carrying amount 490,056,544 11,278,346 4,117,467 505,452,357

Discounted collateral held for credit impaired assets 631,523,243 21,912,426 14,311,759 667,747,428

Consumer
Strong 16,867,942 54,875 184 16,923,001
Satisfactory 31,663,218 2,393,857 3,525 34,060,600
Watch list (higher risk) - - 353,776 353,776

Defaults - - 4,195,815 4,195,815
Non Rated 237,903,853 1,618,741 24,226 239,546,820
Total gross amount 286,435,013 4,067,473 4,577,526 295,080,012

Loss allowance 1,826,399 212,032 2,862,290 4,900,721
Carrying amount 284,608,614 3,855,441 1,715,236 290,179,291

Discounted collateral held for credit impaired assets 253,190,277 5,490,753 3,068,583 261,749,613

Credit cards

Defaults - - 1,002,060 1,002,060
Non Rated 14,547,114 209,310 11,486 14,767,910
Total gross amount 14,547,114 209,310 1,013,546 15,769,970

Loss allowance 181,784 24,505 620,953 827,242
Carrying amount 14,365,330 184,805 392,593 14,942,728

Discounted collateral held for credit impaired assets - - - -
OFF BALANCE SHEET
Credit cards Loss allowance 78,557 78,557