Investor Presentaiton
MyState
Sub Debt Issue | Investor Presentation 33
Limited
Provisions and coverage ratios
Total Collective Provisions and GRCL ($m)
8.61
Loan provisioning strengthened
for the potential impact of
COVID-19 pandemic
2.0
6.3
5.1
2.3
4.4
3.6
2.4
1.5
4.3
2.7
1.9
Dec 18
2.1
0.4%
Jun 19
Dec 19
May 20
(pro forma)
■COVID-19 Overlay
■General Reserve for Credit Losses (GRCL) Top Up
Collective Provisions
Total Provision Coverage Ratio 0.5%
(Collective and GRCL)
0.2%
0.3%
4.44
0.13%
0.07%
Jun 19
Dec 18
as % of Credit RWA
0.10%
Dec 19
■as % of Gross loans
0.17%
May 20
(pro forma)
1The $3.5m increase in Total Collective Provisions and GRCL between Dec-19 and May-20 (pro-forma) is as follows:
+$2.0m COVID-19 overlay (Collective Provision)
+$1.4m GRCL Top-Up
-$1.5m GRCL Top-up methodology change (contractual life to actual average life for stage 1 loans)
+$1.6m Increase in total arrears and an ageing of arrears in the total loan book (Collective Provision)
$3.5m has been used for the May-20 pro-forma which is the mid-point of the expected range of $3.0m - $4.0mView entire presentation