Page 112 - RB GRENADA ANNUAL REPORT 2025_ONLINE

112 • Republic Bank (Grenada) Limited 2025 Annual Report • FINANCIALS

Notes to the Financial Statements

For the year ended September 30, 2025. Expressed in Thousands of Eastern Caribbean dollars ($’000), except where otherwise stated.

5 Investment securities (continued)

c Financial investment securities subject to impairment assessment
Debt instruments measured at amortised cost
The table below shows the credit quality and the maximum exposure to credit risk based on the Bank’s credit rating
system, aging and year-end stage classification.
Purchased
or originated
Stage 1 Stage 2 credit
12 Month Lifetime impaired
2025 ECL ECL (POCI) Total

Gross exposure 464,452 15,122 4,245 483,819
ECL (290) (167) – (457)

Net exposure 464,162 14,955 4,245 483,362

ECL allowance as at October 1, 2024 117 125 – 242
ECL on new instruments issued during the year 214 167 – 381
Other credit loss movements, repayments and maturities (41) (125) – (166)

As at September 30, 2025 290 167 – 457

2024

Gross exposure 362,595 8,053 3,087 373,735
ECL (117) (125) – (242)

Net exposure 362,478 7,928 3,087 373,493

ECL allowance as at October 1, 2023 352 248 – 600
ECL on new instruments issued during the year 56 – – 56
Other credit loss movements, repayments and maturities (291) (123) – (414)

As at September 30, 2024 117 125 – 242

d Designated at Fair value through profit or loss
Equity securities have been carried at an appropriate estimate of fair value.