Investor Presentaiton
43
Investec plc: asset quality under IFRS 9
£'million
Gross core loans
Gross core loans at FVPL
Gross core loans subject to ECL¹
Stage 1
Stage 2
Stage 3
of which past due greater than 30 days
of which Ongoing (excluding Legacy) Stage 31
ECL
31 March 2022
14 557
609
13 948
31 March 2021
12 501
512
11 989
12 665
10 415
992
1 242
28
90
291
332
240
231
(134)
(170)
Stage 1
(32)
(27)
Stage 2
(35)
(42)
Stage 3
of which Ongoing (excluding Legacy) Stage 31
Coverage ratio
(67)
(101)
(40)
(62)
Stage 1
Stage 2
Stage 3
0.25%
0.26%
3.5%
3.4%
23.0%
30.4%
of which Ongoing (excluding Legacy) Stage 31
Annualised credit loss ratio
ECL impairment charges on core loans
Average gross core loans subject to ECL
An analysis of Stage 3 gross core loans subject to ECL
Stage 3 net of ECL
of which Ongoing (excluding Legacy) Stage 3¹
Aggregate collateral and other credit enhancements on Stage 3
Stage 3 as a % of gross core loans subject to ECL
of which Ongoing (excluding Legacy) Stage 31
Stage 3 net of ECL as a % of net core loans subject to ECL
16.7%
26.8%
0.17%
0.56%
(22)
(65)
12 969
11 691
224
231
200
169
230
235
2.1%
2.8%
1.7%
1.9%
1.6%
2.0%
of which Ongoing (excluding Legacy) Stage 31
1.4%
1.4%
1 Our exposure (net of ECL) to the UK Legacy portfolio has reduced from £84 million at 31 March 2021 to £43 million at 31 March 2022. These assets are predominately reported in Stage 3 and make up 17.5% of Stage 3 gross core loans. These assets have been significantly
provided for and coverage remains high at 52.9%.View entire presentation