Page 89 - Ecobank Gambia Annual Report 2020
P. 89
11.26 Impairment Charge
Below tables shows details of IFRS 9 impairment classified by stages:
2020 Oustanding balance Impairment Reserves
GMD’000 GMD’000
STAGE 1 1,831,008 3,577
STAGE 2 1,387 5
STAGE 3
Other Receivables 18,276 14,294
closing Balance 21,966 236
1,872,637
18,112
2019 Oustanding balance Impairment Reserves
GMD’000 GMD’000
STAGE 1 1,709,608 4,089
STAGE 2 10,661 309
STAGE 3 24,016 523
closing Balance
1,744,285 4,921
Below tables shows details of IFRS 9 impairment classified by products: Exposure Impairment
GMD’000 GMD’000
2020 96
Product Type 330,463 354
411,661 3,132
GUARANTEE 851,103 14,294
LETTER OF CREDIT 257,444 236
LOAN 18,112
OD 21,966
OTHER RECEIVABLES 1,872,637 Impairment
GMD’000
423
2019 Exposure 132
Product Type GMD’000 1,696
2,670
GUARANTEE 42,076 4,921
LETTER OF CREDIT 27,110
LOAN 1,355,778
OD 319,321
1,744,285.00
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