Page 131 - RFHL ANNUAL REPORT 2024_ONLINE
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4. Advances (continued)
d Impairment allowance for advances to customers (continued)
Commercial
and
Retail corporate Credit
2024 lending lending Mortgages Overdrafts cards Total
Stage 3: Credit-impaired financial
assets - Lifetime ECL
ECL allowance as at October 1, 2023 166 459 283 25 134 1,067
Translation adjustments (7) (9) (9) (6) 2 (29)
Charge-offs and write-offs (93) (180) (15) (4) (27) (319)
Credit loss expense 124 164 32 6 65 391
Recoveries (33) (38) (33) – (23) (127)
At September 30, 2024 157 396 258 21 151 983
Total 267 534 413 108 213 1,535
Of the total ECL of $1,535 million, 35.7 percent was on a collective basis and 64.3 percent was on an individual basis.
Overdrafts and credit cards are revolving facilities, therefore the ECL on new instruments issued during the year are
assumed to be nil.
Commercial
and
Retail corporate Credit
2023 lending lending Mortgages Overdrafts cards Total
Gross loans 7,539 16,371 33,290 3,619 1,824 62,643
Stage 1: 12 Month ECL (101) (91) (132) (35) (52) (411)
Stage 2: Lifetime ECL (7) (143) (63) (19) (31) (263)
Stage 3: Credit-impaired financial
assets - Lifetime ECL (166) (459) (283) (25) (134) (1,067)
7,265 15,678 32,812 3,540 1,607 60,902
Stage 1: 12 Month ECL
ECL allowance as at October 1, 2022 124 102 154 41 35 456
Translation adjustments (2) (1) (7) (2) (1) (13)
ECL on new instruments issued
during the year 22 26 5 4 5 62
Other credit loss movements,
repayments etc. (43) (36) (20) (8) 13 (94)
At September 30, 2023 101 91 132 35 52 411