Page 61 - Ecobank Gambia Annual Report 2020

b) Movement in Financial guarantees Stage 1 Stage 2 Stage 3
12-month ECL Lifetime ECL Lifetime ECL POCI Total

Loss allowance – Financial guarantees CUm CUm CUm CUm CUm

Loss allowance as at 31 December 2019 556 - - - 556
-
Restatement of the prior year - - - - 556
-
Loss allowance as at 1 January 2020 556 - - - -
-
Changes in the loss allowance -
-
––Transfer to stage 1 - - - - -
-
––Transfer to stage 2 - - - - -

––Transfer to stage 3 - - - - -
(106)
––Increases due to change in credit risk - - - -
-
––Decreases due to change in credit risk - - - - 450

––Write-offs - - - -

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

New financial assets originated or purchased - - - -

Financial assets that have been derecognised (106) - - -

Changes in models/risk parameters - -

Foreign exchange and other movements - - - -

Loss allowance as at 31 December 2020 450 - - -

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