Page 128 - RB GRENADA ANNUAL REPORT 2025_ONLINE

128 • 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.

18 Risk management (continued)
18.2 Credit risk (continued)
18.2.1 Analysis of risk concentration (continued)

Gross maximum exposure
2025 2024

Undrawn commitments 285,254 268,216
Guarantees and Indemnities 20,154 28,374
Letters of credit 8,749 9,639

Total 314,157 306,229

Total credit risk exposure 2,554,018 2,372,072

Where financial instruments are recorded at fair value, the amounts shown represent the current credit risk
exposure but not the maximum risk exposure that could arise in the future as a result of changes in values.

a Industry sectors
The following table shows the risk concentration by industry for the components of the Statement of financial
position. Additional disclosures for credit quality and the maximum exposure for credit risk per categories
based on the Bank’s internal credit rating system and year-end stage classification are further disclosed in
Notes 4 (b) and 5 (c).

2025 2024

Government and Central Government Bodies 222,425 161,889
Financial sector 547,557 645,695
Energy and mining 31,493 –
Agriculture 19,805 18,319
Electricity and water 8,255 8,101
Transport storage and communication 55,110 51,190
Distribution 256,292 153,637
Real estate 174,998 60,362
Manufacturing 779 25,342
Construction 37,440 94,710
Hotel and restaurant 296,303 311,532
Personal 757,410 775,477
Other services 146,151 65,818

2,554,018 2,372,072

Credit exposure with state-owned bodies have been categorised according to the service offered by the
organisation rather than within “Government and Central Government Bodies”.