NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 236 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 20. DEPOSITS FROM CUSTOMERS Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Fixed term deposits 2,717,804 2,350,345 2,757,670 2,468,356 Short term money deposits 657,594 614,784 771,847 635,000 Negotiable instruments of deposits 145,127 128,684 145,127 128,684 Call money deposits 90,070 67,265 90,070 67,265 3,610,595 3,161,078 3,764,714 3,299,305 (i) The maturity structure is as follows: On demand 90,070 67,265 90,070 67,265 Due within six months 2,559,141 2,625,352 2,713,260 2,763,579 Six months to one year 692,818 286,971 692,818 286,971 More than one year 268,566 181,490 268,566 181,490 3,610,595 3,161,078 3,764,714 3,299,305 (ii) The deposits are sourced from the following types of customers: Government and statutory bodies 611,206 740,926 611,206 740,926 Individuals 182,798 143,417 182,798 143,417 Business enterprises 886,486 745,665 886,486 745,665 Non-bank financial institutions 1,606,945 1,266,173 1,606,945 1,266,173 Subsidiaries and related companies 323,160 264,897 477,279 403,124 3,610,595 3,161,078 3,764,714 3,299,305 21. DEPOSITS AND PLACEMENTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS Group and Bank 2023 RM’000 2022 RM’000 Licensed banks 14,579 - Licensed investment banks 100,000 50,000 Other financial institutions 217,224 365,359 331,803 415,359
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