Page 60 - Ecobank Gambia Annual Report 2020

Financial Statements & Annual Report

Notes to the Financial Statements

for the year ended 31 December 2020 (in Thousands of Gambian Dalasis)

a) Movement in Loans and Advances to Customers

Stage 1 Stage 2 Stage 3
Loss allowance – Loans and advances to 12-month ECL Lifetime ECL Lifetime ECL POCI Total

customers at amortised cost CUm CUm CUm CUm CUm

Loss allowance as at 3,534 309 523 - 4,366
31 December 2019

Restatement of the prior year - - - - -

Loss allowance as at 1 January 2020 3,534 309 523 - 4,366

Changes in the loss allowance -

––Transfer to stage 1 42 - - - 42

––Transfer to stage 2 - - - - -

––Transfer to stage 3 - - - - -

––Increases due to change in credit risk - - - - -

––Decreases due to change in credit risk - - (129) - (129)

––Write-offs - - - - -

––Changes due to modifications that did not - - - - -
result in derecognition -

New financial assets originated or purchased - - - - -

Financial assets that have been derecognised (450) -(304) - - (754)

Changes in models/risk parameters - - 13,900 - 13,900

Foreign exchange and other movements - - - - -

Loss allowance as at 31 December 2020 3,126 5 14,294 - 17,425

58 Ecobank Gambia Annual Report 2020 www.ecobank.com