Page 167 - RFHL ANNUAL REPORT 2024_ONLINE

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22. Risk management (continued)
22.5 Operational risk (continued)

Managing cybersecurity related threats across the RFHL Group remains a major priority. As part of the Group’s business
strategy in reducing cyber risk exposure, cybersecurity is embedded in the design of technology and services prior
to deployment. The Group’s Enterprise Risk Management Committee is responsible for overseeing cybersecurity risks
and maintaining cybersecurity risk appetite. Mechanisms are in place across the Group to predict, prevent, detect
and respond against cyber threats and where appropriate, risk is transferred by the placement of adequate insurance
coverage.

23. Related parties
Parties are considered to be related if one party has the ability to control the other party or exercise significant influence
over the other party in making financial or operating decisions. A number of banking transactions are entered into with
related parties in the normal course of business. These transactions are both secured and unsecured and were carried out on
commercial terms and conditions, at market rates. The advances, investments and other assets are gross of ECLs.

2024 2023

Advances, investments and other assets
Associates 11 2
Directors and key management personnel 460 415
Other related parties 263 183

734 600

Deposits and other liabilities
Directors and key management personnel 175 165
Other related parties 381 214

556 379

Interest and other income
Associates 10 12
Directors and key management personnel 42 32
Other related parties 30 17

82 61

Interest and other expense
Directors and key management personnel 20 21
Other related parties 64 14

84 35