SBN HOLDINGS LIMITED Annual Report 2022
ANNEXURE B RISK AND CAPITAL MANAGEMENT/RISK continued
132
MAXIMUM EXPOSURE TO CREDIT RISK BY CREDIT QUALITY continued
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
Stage 2
N$'000
Stage 3
N$'000
Securities
Total gross
carrying
amount
of default
exposures
N$'000
and
expected
recoveries
on default
exposures
N$'000
SBN HOLDINGS LIMITED
Annual report 2022
133
Interest in
suspense
on default
Balance
exposures
N$'000
sheet ECL
on default
exposures
N$'000
Gross
default
coverage
%
Non-
performing
exposures
%
2021
Loans and advances at amortised cost
Home services
Vehicle and asset finance
Card and payments
12 776 077
3 177 030
2 251
142 026
10 627 226
2 816 996
41 450
120 534
Other loans and advances
3 094 879
2 564 584
250 805
16 361
184 212
421 057
1 727 794
65 528
5 131
1 727 794
1 328 387
10 230
(2540)
606
443 529
26
65 528
5 131
55 337
84
7 671
150
346 083
Personal unsecured lending
1 252 946
1 119 587
93 523
Business lending and other
1 841 933
1 444 997
90 689
39 836
306 247
346 083
39 836
306 247
126 249
50 876
175 672
49
11
4 536
121 713
812
50 064
34 568
89
141 104
62
17
42413N
Corporate lending
3 332 061
21 947
2 751 697
480 526
67 570
10 321
10 321
(53)
9 798
Sovereign lending
598 085
2 569
366 242
229 274
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
3 257 603
3 254 711
2 892
26 377 761
3 281 478
19 250 171
751 250
940 005
2 154 857
2 154 857
1 462 273
51 482
692 007
(995 439)
25 382 322
39 426
39 426
39 426
39 426
39 426
Financial investments at fair value through OCI
Sovereign
3 929 703
3 929 703
3 929 703
3 929 703
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
(1221)
3 928 482
14 371
10 308
4 063
1 825 266
1 159 085
661 085
Irrevocable unutilised facilities
2 251 174
2 026 057
135 070
67 535
5 096
22 512
Total exposure to off-balance sheet credit risk
4 090 811
3 195 450
800 218
67 535
27 608
(2 385)
4 088 426
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 assets¹
Other financial investments¹
Trading assets¹
Other financial assets²
33 438 656
1 488 497
73 326
1 701 417
619 584
100 513
Total exposure to credit risk
37 421 993
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