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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)
Key macroeconomic variables (continued)
inteGrated annUal rePort 2020 in the modelled outcome and potential impact to delinquencies and defaults when the various relief and support
these overlays and post-model adjustments were taken to reflect the latest macroeconomic outlook not captured

measures are expiring in 2021. the impact were estimated at portfolio level and remain outside of the core
mfrS 9 process. total overlays for ecls maintained by the Group and by the bank as at 31 december 2020 are
rm231,574,000.
(iv)
Credit quality of takaful receivables
Impairment loss of takaful receivables
a reconciliation of the allowance for impairment losses for takaful receivables was as follows:
290
RM’000
at 1 January 2019 6,107
484
net remeasurement of allowance for impairment 6,591
bimb holdinGS berhad 199701008362 (423858-X) at 31 december 2020 note 9
at 31 december 2019/1 January 2020
(116)
net remeasurement of allowance for impairment
6,475