KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 217 216 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (b) Share margin financing Group and Bank Internal rating grade Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 2024 Performing: - Strong 303,566 - - 303,566 - Satisfactory 721,377 8,498 - 729,875 - Substandard 20,980 - - 20,980 Non-performing: - Default - - 94,150 94,150 Total 1,045,923 8,498 94,150 1,148,571 2023 Performing: - Strong 350,187 51 - 350,238 - Satisfactory 726,587 12 - 726,599 - Substandard 357 - - 357 Non-performing: - Default - - 57,041 57,041 Total 1,077,131 63 57,041 1,134,235 An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to share margin financing is as follows: Group and Bank Gross carrying amount 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,077,131 63 57,041 1,134,235 New assets originated or purchased 848,345 493 2,743 851,581 Assets derecognised or repaid (excluding write-offs) (788,817) (16,252) (15,048) (820,117) Transfers of stages (72,536) 23,469 49,067 - Impact of remeasurement (18,200) 725 347 (17,128) As at 31 December 1,045,923 8,498 94,150 1,148,571 9. LOANS, ADVANCES AND FINANCING (CONT’D.) 9.2 Impairment allowance for loans, advances and financing are as follows (cont’d.): (b) Share margin financing (cont’d.) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to share margin financing is as follows (cont’d.): Group and Bank Gross carrying amount 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January 1,092,272 30,438 30,346 1,153,056 New assets originated or purchased 730,988 1,213 - 732,201 Assets derecognised or repaid (excluding write-offs) (712,771) (13,196) (4,968) (730,935) Transfers of stages (12,868) (18,795) 31,663 - Impact of remeasurement (20,490) 403 - (20,087) As at 31 December 1,077,131 63 57,041 1,134,235 Group and Bank ECL allowances 2024 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - - 3,296 3,296 New assets originated or purchased - - 5,394 5,394 Assets derecognised or repaid (excluding write-offs) - - (2,235) (2,235) Net remeasurement of allowances - - (763) (763) As at 31 December - - 5,692 5,692 Group and Bank ECL allowances 2023 Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 As at 1 January - - 17,033 17,033 Assets derecognised or repaid (excluding write-offs) - - (1,500) (1,500) Net remeasurement of allowances - - (12,237) (12,237) As at 31 December - - 3,296 3,296
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