Page 304 - ACCESS BANK ANNUAL REPORTS_eBook

Group

Specific Collective Total
December 2016 Gross impairment impairment impairment Carrying
In thousands of Naira
amount allowance allowance allowance amount
Loans to individuals
Retail Exposures
Auto Loan (note 23c) 2,511,013 - (42,628) (42,628) 2,468,384
Credit Card 3,475,443 (4,367) (58,216) (62,583) 3,412,860
Finance Lease (note 23c) 60,912 - (1,053) (1,053) 59,859
Mortgage Loan 24,375,564 - (79,867) (79,867) 24,295,697
Overdraft 5,639,049 (264,216) (538,680) (802,896) 4,836,153
Personal Loan 18,754,870 (286,847) (395,950) (682,798) 18,072,072
Term Loan 6,964,075 - (46,451) (46,451) 6,917,624
Time Loan 721,711 - (11,667) (11,667) 710,044
Loans to corporate entities and other organizations
Non-Retail Exposures
Auto Loan (note 23c) 2,003,352 - (20,988) (20,988) 1,982,363
Credit Card 576,553 - (10,178) (10,178) 566,375
Finance Lease (note 23c) 3,946,347 - (18,308) (18,308) 3,928,039
Mortgage Loan 5,929,037 - (4,176) (4,176) 5,924,861
Overdraft 181,242,213 (8,677,151) (2,111,511) (10,788,662) 170,453,553
Term Loan 1,102,912,471 (5,523,054) (15,587,793) (21,110,847) 1,081,801,625
Time Loan 486,052,854 (92) (2,023,099) (2,023,191) 484,029,664

1,845,165,465 (14,755,727) (20,950,566) (35,706,293) 1,809,459,172

Impairment on loans and advances to customers

Specific allowances Collective allowances
In thousands of Naira December 2017 December 2016 December 2017 December 2016
Balance beginning of year 14,755,727 10,482,678 20,950,565 18,208,130
Impairment loss for the year:
- Charge for the year 32,766,818 17,874,149 1,132,010 2,742,435
Write-offs (5,737,029) (13,601,100) (273) -
Balance end of year 41,785,516 14,755,727 22,082,302 20,950,565

23 Loans and advances to customers
b Bank
Specific Collective Total
December 2017 Gross impairment impairment impairment Carrying
In thousands of Naira
amount allowance allowance allowance amount
Loans to individuals
Retail Exposures
Auto Loan (note 23c) 1,671,616 - (28,513) (28,513) 1,643,103
Credit Card 2,905,420 (4,573) (49,001) (53,574) 2,851,846
Finance Lease (note 23c) 63,923 - (1,560) (1,560) 62,363
Mortgage Loan 4,230,374 - (67,507) (67,507) 4,162,867
Overdraft 2,367,502 (138,090) (181,960) (320,050) 2,047,453
Personal Loan 15,085,225 (219,417) (252,613) (472,030) 14,613,195
Term Loan 3,125,406 (40,237) (51,323) (91,560) 3,033,846
Time Loan 804,672 - (13,266) (13,266) 791,406

304 Access BAnk Plc
Annual Report & Accounts 2017