Page 56 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020

Stage 1 Stage 2 Stage 3
12-month Lifetime Lifetime
ECL ECL ECL Total
D'000 D'000 D'000 D'000
Loss allowance as at 31 December (3,460) (5,256) (9,886) (18,602)
2019
Restatement of the prior year - - - -
Loss allowance as at 1 January 2020 - - - -
Changes in the loss allowance
Transition adjustment - - - -
––Transfer to stage 1 - - - -
––Transfer to stage 2 - - - -
––Transfer to stage 3 - - - -
––Increase/(decrease) due to change in
credit risk (10,258) (2,743) 3,737 (9,264)
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 - - - -
Foreign exchange and other movements - (724) - 724
Loss allowance as at 31 December (13,718) (8,723) (6,149) (28,590)
2020

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

Loss allowance as at 31 December
2019 (724) - - (724)
Restatement of the prior year - - - -
Loss allowance as at 1 January 2020 - - - -
Changes in the loss allowance
––Transfer to stage 1 - - - -
––Transfer to stage 2 - - - -
––Transfer to stage 3 - - - -
––Increases due to change in credit risk (754) - - (754)
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

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Annual Report and IFRS Financial Statements for the year ended 31 December 2020 55