Page 160 - RFHL ANNUAL REPORT 2024_ONLINE

158 Notes to the Consolidated Financial Statements
For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

22. Risk management (continued)
22.2 Credit risk (continued)
22.2.7 Analysis of gross carrying amount and corresponding ECLs are as follows: (continued)
Advances (continued)

Commercial
and
Retail corporate Credit
2023 lending lending Mortgages Overdrafts cards Total

Stage 2
Gross loans 117 1,754 1,788 500 306 4,465
ECL (7) (143) (63) (19) (31) (263)

110 1,611 1,725 481 275 4,202

ECL as a % of gross loans 6.3 8.2 3.5 3.8 10.1 5.9

The decrease in Stage 2 ECLs is as a result of the improvement in credit quality leading to lower PDs and LGDs.

Commercial
and
Retail corporate Credit
2024 lending lending Mortgages Overdrafts cards Total

Stage 3
Gross loans 259 892 1,904 76 171 3,302
ECL (157) (396) (258) (21) (151) (983)

102 496 1,646 55 20 2,319

ECL as a % of gross loans 60.7 44.4 13.6 27.7 88.3 29.8

2023

Stage 3
Gross loans 283 946 1,790 95 198 3,312
ECL (166) (459) (283) (25) (134) (1,067)

117 487 1,507 70 64 2,245

ECL as a % of gross loans 58.7 48.5 15.8 26.5 68.0 32.2

The decrease in Stage 3 ECLs as a percentage of gross loans is due to the active measures implemented to
maintain and improve the overall credit quality.