NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 192 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 7. FINANCIAL INVESTMENTS OTHER THAN THOSE MEASURED AT FVTPL (CONT’D.) (b) Financial instruments at amortised cost: Group and Bank 2023 RM’000 2022 RM’000 Debt instruments: Malaysian Government Securities 125,853 49,677 Malaysian Government Investment Certificates 228,204 177,316 Corporate Bonds - 20,002 Islamic Corporate Sukuk 116,739 202,119 470,796 449,114 Less: Allowance for ECL - - Total financial instruments at amortised cost 470,796 449,114 Debt instruments measured at amortised cost The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s and the Bank’s internal credit rating system and year-end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s and of the Bank’s internal grading system are explained in Note 51(a). Group and Bank Internal rating grade 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total ECL RM’000 Investment grade 470,796 - - 470,796 Group and Bank Internal rating grade 2022 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total ECL RM’000 Investment grade 449,114 - - 449,114
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