2022 Performance and Synergy Realization
Accrued interest reflecting our conservative approach
1st phase of debt relief
(Full lockdown)
Accrued interest
3rd phase of debt relief
(partial lockdown)
9,209
7,522
7,145
7,130
7,232 7,369 7,148
7,351
7,499
7,777 Approx. -16% from peak in 3Q20
6,442
7,720
6,440
2,759
5,143
6,444
6,497 6,793 6,998
7,148 7,351
7,499
7,777
2,036
Accrued Int. Stage 1 & 2
Accrued Int. Stage 3
1,300
1,489
No stage 3 accrued interest risk
723
1,082
701
634
439
371
1Q20
2Q20 3Q20 4Q20
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22
tub
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•
TTB has continued to take conservative approach in revenue recognition for accrued interest treatment during the pandemic and under the current economic condition.
In Jan-21, the Bank took conservative approach in revenue recognition for accrued interest treatment during the pandemic. Stage 3 accrued interest has been
provisioning at full amount to preemptively limit future downside risk. We believe this will help improve quality of balance sheets and mitigate the risk of overstated net
interest income.
Overall, total accrued interest trend continuously declined from the peak in 3Q20 and stabilized during muted loan growth period. However, we do not expect a
downward trend in accrued interest as we continue to resume loan growth as well as still provide financial supports to customers during this prolonged economic
recovery.
Note: *4Q20 accrued interest was restated and presented net from allowances for expected credit loss to be comparable with 2021
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