Page 131 - RFHL ANNUAL REPORT 2024_ONLINE
P. 131

129





        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
   126   127   128   129   130   131   132   133   134   135   136