Page 132 - RB GRENADA ANNUAL REPORT 2025_ONLINE

132 • 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)

18.2.7 Analysis of Gross carrying amount and corresponding ECLs are as follows:
Advances

2025 2024
% %

Stage 1 81.3 82.3
Stage 2 11.7 13.4
Stage 3 7.0 4.3

100.0 100.0

The ECL methodology and definition of default remained consistent with prior periods. Calculation inputs,
including forward-looking information, together with the determination of the staging of exposures were however
revised.

Commercial
Retail and corporate Credit
2025 lending lending Mortgages Overdrafts cards Total

Stage 1
Gross loans 96,516 161,683 700,521 19,565 18,217 996,502
ECL (97) (442) (1,199) (181) (2,101) (4,020)

96,419 161,241 699,322 19,384 16,116 992,482

ECL as a % of Gross loans 0.1 0.3 0.2 0.9 11.5 0.4

2024

Stage 1
Gross loans 86,929 127,114 675,211 21,940 18,711 929,905
ECL (38) (506) (851) (149) (1,454) (2,998)

86,891 126,608 674,360 21,791 17,257 926,907

ECL as a % of Gross loans 0.0 0.4 0.1 0.7 7.8 0.3

The increase in ECLs of Stage 1 portfolios was driven by an increase in the Gross loan portfolio.