Page 154 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

152 • 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.

5 Investment securities (continued)
b Debt instruments at amortised cost (continued)

Financial investment securities subject to impairment assessment
The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s credit rating
system, aging and year-end stage classification.

Stage 3
Credit- Purchased
impaired or originated
Stage 1 Stage 2 financial credit-
12 Month Lifetime assets – impaired
2025 ECL ECL Lifetime ECL (POCI) Total

Gross exposure 16,890 864 9 2,037 19,800
ECL (4) (97) (5) 33 (73)

Net exposure 16,886 767 4 2,070 19,727

ECL allowance as at October 1, 2024 4 12 7 92 115
Translation adjustments – – (2) (80) (82)
ECL on new instruments issued during the year – 95 – – 95
Other credit loss movements,
repayments and maturities – (10) – (45) (55)

At September 30, 2025 4 97 5 (33) 73

2024

Gross exposure 17,272 1,120 14 2,032 20,438
ECL (4) (12) (7) (92) (115)

Net exposure 17,268 1,108 7 1,940 20,323

ECL allowance as at October 1, 2023 13 14 5 159 191
Translation adjustments – – (2) (30) (32)
ECL on new instruments issued during the year – 5 – – 5
Other credit loss movements,
repayments and maturities (9) (7) 4 (37) (49)

At September 30, 2024 4 12 7 92 115

The decrease in investment securities classified as POCI reflects the annual repayment of principal on the exposure
to bonds issued by the Governments of Barbados and Ghana following the Debt Exchange offer in 2019 and 2023
respectively.