Asia Asset Finance PLC Earnings Report Q1 FY 2022
IMPAIRMENT OF LOAN ASSETS
Stage III Loans Assets and ECL Provision
Pa
Muthoot Finance
(in millions)
Jun-21
Mar-21
Jun-20
Stage III Loan Assets
6,408
4,641
10,553
% Stage III Assets on Gross Loan Assets
1.22
0.88
2.56
ECL Provision on Gross Loan Assets
6,501
6,257
5,538
ECL Provision as % of Gross Loan Assets
Excess Provision outstanding in books
1.24
2,954
1.19
1.34
2,954
2,954
Staging Criteria
Stage
Stage 1
Stage 2
Stage 3
PD-Probability of default
Bad Debts
Description
0-30 days past due
> 30 to <= 90 past due
> 90 days past due
LGD-Loss given default
Provision Mechanism
PD x LGD x Stage 1 Asset
PD x LGD x Stage 2 Asset
LGD x EAD of Stage 3 Asset
EAD-Exposure at Default
(in millions)
Q1 FY 2022
Q4 FY 2021
Q1 FY 2021
FY 2021
Bad Debts Written Off
91
53
28
118
% of Bad Debts written off to Gross Loan Assets
0.02
0.01
0.01
0.02
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