Page 48 - Agib Bank Limited Annual Report 2021

The tables below analyse the movement of the loss allowance during the year per class of assets.

Stage 1 Stage 2 Stage 3
D'000 D'000 D'000 D'000
Loss allowance as at 1 January 2021 (13,718) (8,723) (6,149) (28,590)

Changes in the loss allowance
Transition adjustment - - - -
––Transfer to stage 1 - - - -
––Transfer to stage 2 - - - -
––Transfer to stage 3 - - -
––Increase/(decrease) due to change 7,888
in credit risk (13,801) (20,546)
(26,459)
Decreases due to change in credit risk - - - -
not result in derecognition - - - -
New financial assets originated or - - - -
purchased
Financial assets that have been - - - -
derecognised
Changes in models/risk parameters - - - -
Off balance sheet movements (1,094) - - (1,094)
Loss allowance as at 31 December (28,613) (835) (26,695) (56,143)
2021

Loss allowance – Off-balance sheet
12-month Lifetime Lifetime Total
ECL ECL ECL
Loss allowance – Off-balance sheet D'000 D'000 D'000 D'000

Loss allowance as at 31 January 2021 (1,478) - - (1,478)

Changes in the loss allowance
––Transfer to stage 1 - - - -
––Transfer to stage 2 - - - -
––Transfer to stage 3 - - - -
––Increases due to change in credit 384 - - 384
risk
Decreases due to change in credit risk - - - -
Write-offs - - - -
Changes due to modifications that did - - - -
not result in derecognition - - - -
New financial assets originated or - - - -
purchased
Financial assets that have been - - - -
derecognised
Changes in models/risk parameters - - - - Annual Report and IFRS Financial Statements
- - - -
Loss allowance as at 31 December (1,094) - - (1,094)
2021

Agib Bank Annual Report 2021 www.agib.gm 48