Page 294 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

49 FINANCIAL RISk MANAGEMENT POLICIES (CONTINUED)
49.3 Credit risk (continued)
Banking (continued)
(iii) Credit quality of financing, advances and others (continued)

financing, advances and others of the main subsidiary, bank islam, are classified as follows: (continued)
inteGrated annUal rePort 2020 in addition to note 2.1(a)(ii), financing is classified as impaired/defaulted:
• Impaired financing

– where the principal or profit or both are past due for three months or more;
– in the case of revolving credit facilities, where the outstanding amount has remained in excess of the
approved limit for a period of three months or more;
– where the amount is past due or the outstanding amount has been in excess of the approved limit for three
months or less and the financing exhibits indications of significant credit weakness;
288 – as soon as default occurs where the principal and/or profit repayments are schedule on intervals of 3 months
or longer.
the ageing analysis of bank islam’s financing and advances as at the end of the reporting period was as follows:
bimb holdinGS berhad 199701008362 (423858-X) by ageing 429,323 financing 360,615 financing
past due but not impaired financing

% to
% to
gross
gross
2019
2020
RM’000
RM’000
0.77
0.72
Month-in-arrears 1
0.39
0.36
198,355
Month-in-arrears 2
199,444

Impaired financing 628,767 1.13 558,970 1.11
2020 2019
RM’000 RM’000
by ageing
Month-in-arrears 0 38,464 49,828
Month-in-arrears 1 8,164 10,731
Month-in-arrears 2 20,125 5,446
Month-in-arrears 3 and above 306,481 366,996
373,234 433,001