Page 152 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

150 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS

Notes to the Consolidated Financial Statements

For the year ended September 30, 2025. Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

4 Advances (continued)
d Impairment allowance for advances to customers (continued)

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

Stage 1: 12 Month ECL
ECL allowance as at October 1, 2023 101 91 132 35 52 411
Translation adjustments (2) (2) – – 3 (1)
ECL on new instruments
issued during the year 26 27 10 3 1 67
Other credit loss movements,
repayments etc. (22) (34) (30) 3 (12) (95)

At September 30, 2024 103 82 112 41 44 382

Stage 2: Lifetime ECL
ECL allowance as at October 1, 2023 7 143 63 19 31 263
Translation adjustments – 2 – 2 (1) 3
ECL on new instruments
issued during the year 2 14 4 1 – 21
Other credit loss movements,
repayments etc. (2) (103) (24) 24 (12) (117)

At September 30, 2024 7 56 43 46 18 170

Stage 3: Credit-impaired financial
assets – Lifetime ECL
ECL allowance as at October 1, 2023 166 459 283 25 134 1,067
Translation adjustments (7) (9) (9) (6) 2 (29)
Charge-offs and write-offs (93) (180) (15) (4) (27) (319)
Credit loss expense 124 164 32 6 65 391
Recoveries (33) (38) (33) – (23) (127)

At September 30, 2024 157 396 258 21 151 983

Total 267 534 413 108 213 1,535

Of the total ECL of $1,535 million, 35.7 percent was on a collective basis and 64.3 percent was on an individual basis.