Annual Financial Statements 2020
90
ANNEXURE CRISK AND CAPITAL MANAGEMENT CREDIT RISK CONTINUED
MAXIMUM EXPOSURE TO CREDIT RISK BY CREDIT QUALITY CONTINUED
SB 1-12
SB 13-20
RISKS
oooo
Credit
Funding and
liquidity
Market
Operational
SB 21-25
Default
Total Securities
gross
and
carrying expected
amount
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
Stage 2
N$'000
Stage 3
N$'000
of default
exposures
N$'000
recoveries
on default
exposures
N$'000
IIS
on default
exposures
N$'000
STANDARD BANK NAMIBIA LIMITED
Annual financial statements 2020
91
Balance
sheet ECL
on default
exposures
N$'000
Gross
default
coverage
%
Non-
performing
exposures
%
2019
Loans and advances at amortised cost
PBB
Mortgage loans5
Vehicle and asset finance
19 823 288
12 939 977
16 525 545
10 381 485
Card debtors
Other loans and advances5
2 904 936
175 900
3 802 475
2 541 197
154 195
3 448 668
Personal unsecured lending
1 868 728
1 750 622
Business lending and other5
1 933 747
1 698 046
CIB
7 038 137
4 437 207
2 516 681
71 585
Corporate
Sovereign
Bank
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
2 474 949
25 397
2 404 803
32 085
1 741 302
1 556 441
1 556 441
1 188 315
48 890
319 235
1 227 452
1 331 040
1 331 040
1 080 753
36 834
213 453
19
300 638
63 101
63 101
10 645
52 456
83
11
2
18 662
3 043
3 043
3 042
100
2
194 550
159 257
100 007
94 543
18 099
141 158
159 257
18 099
141 158
96 917
12 056
50 284
39
4
933
654
16 512
95
1
95 984
11 402
33 772
32
6
12 664
12 664
(134)
(134)
134
134
1 726 283
1 574 905
111 878
39 500
2 836 905
2 836 905
26 861 425
4 437 207
19 042 226
71 585
1 753 966
1 556 441
1 556 441
1 188 181
48 890
319 369
(598 599)
26 262 826
54 756
54 756
54 756
54 756
(2)
54 754
Financial investments at FVOCI
Sovereign
Gross carrying amount
Add: fair value reserve relating to fair value adjustments
(before the ECL balance)
Total financial investment at FVOCI
Off-balance sheet exposures
Letters of credit and banker's acceptances
Guarantees
Irrevocable unutilised facilities
2 075 524
2 075 524
2 075 524
2 075 524
(3 064)
2 072 460
62 451
62 451
2 086 955
1 179 640
846 856
60 459
4 329 351
3 764 710
527 942
36 590
97
12
Total exposure to off-balance sheet credit risk
6 478 757
5 006 801
1 374 798
97 049
97
12
(4 353)
6 474 404
34 864 444
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 bank - held at
fair value¹
Derivative assets
Other financial investments
Trading assets
Pledged assets
Other financial assets 3.4
Total exposure to credit risk
1 512 374
149 910
1 852 559
268 177
580 098
1 126 150
40 353 712
1 Balances with central banks are not subjected to ECL considerations due to the rigorous regulatory requirements of these transactions and its link to the underlying
entities ability to operate as a bank. Amount represents deposits placed in currencies as issued by the central banks with which they are stored.
2 Due to historical experience interests in joint ventures measured at amortised cost are regarded as a low probability of default.
3 Due to the short term nature of these financial assets and historical experience, other amortised cost financial assets are regarded as having a low probability
of default.
4 This line has been updated to exclude other non-financial assets as
per note 7 which incorrectly included it as part of other financial assets.
4 This line has been updated to reclassify a commercial property loan from other loans and advances to mortgage loans.View entire presentation