Page 143 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

7 FINANCIAL STATEMENTS 141
NOTES TO THE FINANCIAL STATEMENTS

8. FINANCIAL INVESTMENTS AT AMORTISED COST (cont’d)

Movements in the ECL on financial investments at amortised cost are as follows:
Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-month not credit ECL credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000
At 1 January 2023 15 - 250,783 250,798
Writeback during the year (Note 35) (15) - (483) (498)
Exchange differences - - 11,406 11,406
At 31 December 2023/1 January 2024 - - 261,706 261,706
Allowance during the year (Note 35) - - 24,770 24,770
Exchange differences - - (6,528) (6,528)
At 31 December 2024 - - 279,948 279,948

9. LOANS, ADVANCES AND FINANCING
Group and Bank
2024 2023
RM’000 RM’000
Restated
At amortised cost

Loans, advances and financing 4,736,674 4,728,104
*
Amount due from Export Credit Refinancing (“ECR”) debtors 212,453 121,021
Staff loans 337 429
Gross loans, advances and financing 4,949,464 4,849,554
Less: Allowance for ECL on loans, advances and financing:
- 12-month ECL - Stage 1 (108,619) (127,306)
- Lifetime not credit impaired ECL - Stage 2 (73,427) (63,212)
- Lifetime ECL credit impaired - Stage 3 (1,485,131) (1,498,569)
Net loans, advances and financing 3,282,287 3,160,467