8. FINANCING, ADVANCES AND OTHERS (CONTINUED) (g) By stages (continued) Bank Stage 1 RM’000 Stage 2 RM’000 Stage 3 RM’000 Total RM’000 At 1 January 2023 62,080,469 3,026,156 835,232 65,941,857 Transfer to Stage 1 641,401 (599,756) (41,645) – Transfer to Stage 2 (1,572,642) 1,623,696 (51,054) – Transfer to Stage 3 (140,958) (147,491) 288,449 – Financial assets that have been derecognised (9,790,554) (596,302) 99,444 (10,287,412) New financial assets originated or purchased 14,722,959 706,312 33,971 15,463,242 Changes in credit risk (2,725,564) (245,581) (21,731) (2,992,876) Write-offs – – (506,700) (506,700) Exchange differences 6,678 – – 6,678 At 31 December 2023/1 January 2024 63,221,789 3,767,034 635,966 67,624,789 Transfer to Stage 1 1,285,234 (1,237,238) (47,996) – Transfer to Stage 2 (1,394,215) 1,444,256 (50,041) – Transfer to Stage 3 (129,857) (243,401) 373,258 – Financial assets that have been derecognised (10,775,888) (701,239) 97,339 (11,379,788) New financial assets originated or purchased 16,703,213 688,637 38,696 17,430,546 Changes in credit risk (2,804,125) (331,374) (20,351) (3,155,850) Write-offs – – (284,614) (284,614) Exchange differences (3,173) – – (3,173) At 31 December 2024 66,102,978 3,386,675 742,257 70,231,910 (h) Movement in impaired financing and advances (impaired financing) Group and Bank 2024 RM’000 2023 RM’000 At 1 January 635,966 835,232 Classified as impaired during the year 960,006 909,473 Reclassified as not impaired during the year (436,451) (475,758) Amount repaid (132,650) (126,281) Amount written-off (284,614) (506,700) At 31 December 742,257 635,966 Gross impaired financing as a percentage of gross financing, advances and others 1.06% 0.94% The contractual amount outstanding on financing and advances that were written-off during the year are still subject to enforcement activity. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 328 Notes to the Financial Statements for the financial year ended 31 December 2024
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