BIMB Integrated Annual Report 2019

48 FINANCIAL RISK MANAGEMENT POLICIES (CONTINUED) 48.3 Credit risk (continued) (i) Concentration of credit risk for Bank Cash and short-term funds and deposits and On- placements Financial Derivative Financial Financing, balance Financial with financial assets at financial assets at advances sheet guarantee Financing Bank Islam institutions FVTPL assets FVOCI and others total contracts commitments* As a 31 December 2018 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Primary agriculture – – – 19,736 736,860 756,596 9,028 130,909 Mining and quarrying – – – – 8,383 8,383 6,700 12,578 Manufacturing (including agro-based) – – 1 – 880,341 880,342 154,734 436,190 Electricity, gas and water – – – 1,804,882 360,208 2,165,090 82,046 33,285 Wholesale & retail trade, and hotels & restaurants – – 3,221 61,391 1,037,141 1,101,753 170,353 391,024 Construction – – 3 724,487 2,241,403 2,965,893 334,191 1,160,442 Transport, storage and communications – – – 1,287,410 799,778 2,087,188 126,107 421,043 Finance, insurance, real estate and business activities 3,632,957 145,151 3,215 6,598,439 3,922,994 14,302,756 147,996 1,885,391 Education, health and others – – 27,654 45,786 982,759 1,056,199 119,302 1,666,612 Household sectors – – – – 34,710,813 34,710,813 – 649,761 Other sectors 891,697 – 54 776,650 – 1,668,401 599,729 2,177,100 4,524,654 145,151 34,148 11,318,781 45,680,680 61,703,414 1,750,186 8,964,335 * Financing commitments excluding derivative financial assets (ii) Collateral The main types of collateral obtained by the Bank to mitigate the credit risk are as follows: • For residential mortgages – charges over residential properties • For commercial property financing – charges over the properties being financed • For vehicle financing under Ijarah Thumma Al-Bai – ownership claims over the vehicles financed • For other financing and advances – charges over business assets such as premises, inventories, trade receivables and/or cash deposits As at 31 December 2019 and 31 December 2018, there were no assets repossessed by the Bank as a result of taking possession of collateral held as security, or by calling upon other credit enhancements. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 276 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance