SBN HOLDINGS LIMITED Annual Report 2022
ANNEXURE B RISK AND CAPITAL MANAGEMENT/RISK continued
130
MAXIMUM EXPOSURE TO CREDIT RISK BY CREDIT QUALITY
SB 1-12
SB 13 - 20
SB 21-25
Default
Gross
carrying
amount
N$'000
Stage 1
N$'000
Stage 2
N$'000
Stage 1
N$'000
Stage 2
N$'000
Stage 1
N$'000
2022
Loans and advances at amortised cost
Home services
Vehicle and asset finance
Card and payments
Other loans and advances
Personal unsecured lending
Business lending and other
Corporate lending
11 822 800
2 893 913
140 088
2 835 281
Sovereign lending
Bank lending
Gross carrying amount
Less: total credit impairment on loans and advances
Net carrying amount of loans and advances
measured at amortised cost
Financial investments measured at amortised cost
Sovereign
Gross carrying amount
Less: total ECL for financial investments measured at
amortised cost
Net carrying amount of financial investments
measured at amortised cost
Securities
Stage 2
N$'000
Stage 3
N$'000
Total gross
carrying
amount
of default
exposures
N$'000
and
expected
recoveries
on default
exposures
N$'000
Interest in
suspense
on default
exposures
N$'000
Balance
sheet ECL
on default
exposures
- stage 3
N$'000
SBN HOLDINGS LIMITED
Annual report 2022
131
Gross
default
coverage
Non-
performing
exposures
%
%
9 469 760
2 472 646
122 610
2 425 991
1 243 668
1 114 973
1 591 613
1 311 018
5 057 176
312 046
4 411 154
267 375
3 714 600
1 707
208 672
1 850 250
1 863 839
264 281
56 996
511
1 288 712
1 064 328
1 064 328
782 667
40 430
237 311
26
346 204
16 076
161 264
75 063
75 063
11 083
63 980
85
97 225
64 039
1 402
248 026
31 470
216 556
1 402
1 402
100
248 026
107 922
43 834
93 443
55
9319
31 470
216 556
6 984
100 938
(1 706)
45 540
24 067
69 376
71
53
14
34
65 493
4 202
4 202
(72)
13
4 261
102
26 731 233
2 164 003
20 974 672
321 788
1 877 749
1 393 021
1 393 021
901 600
84 277
400 397
(761 783)
25 969 450
39 415
39 415
39 415
39 415
39 415
Financial investments at fair value through OCI
Sovereign
3 703 511
3 703 511
3 703 511
3 703 511
(3 100)
Gross carrying amount
Add: fair value reserve relating to fair value adjustments
Total financial investment at fair value through OCI
Off-balance sheet exposures
Letters of credit and banker's acceptances
Guarantees
Irrevocable unutilised facilities
3 700 411
134 412
134 412
1 677 317
1 248 085
352 544
47 829
25 863
2 996
2 981 232
274 488
2 624 285
82 166
293
Total exposure to off-balance sheet credit risk
4 792 961
1 656 985
2 976 829
129 995
26 156
2 996
(2 829)
4 790 132
ECL for off-balance sheet exposures
Net carrying amount of off-balance sheet exposures
Total exposure to credit risk on financial assets
subject to an ECL
Add the following exposures not subject to ECL:
Cash and balances with the central bank¹
Derivative assets¹
Other financial investments¹
Trading assets¹
Other financial assets²
Total exposure to credit risk
34 499 408
1 673 337
138 918
1 180 088
474 621
239 298
38 205 670
1 These balances are not in scope of the ECL model as it is measured at fair value through profit or loss.
2 Due to the short-term nature of these financial assets, historical experience and forward-looking information, other amortised cost financial assets are regarded as having
a low PD.View entire presentation