Integrated Report 2021

9. Net impairment allowances on financial assets and provision on contingent liabilities

Net impairment allowances on financial assets and provisions on contingent liabilities
12 months ended 31.12.2021 Stage 1 Stage 2 Stage 3 Total including  POCI
Amounts due from other banks (4,055) (4,055)
Loans and advances to customers measured at amortised cost (115,760) 87,755 (258,893) (286,898) (32,630)
Contingent commitments granted 38,513 19,094 1,605 59,212 750
Securities measured at amortised cost 293 128 (34,865) (34,444) (34,865)
Total net impairment allowances on financial assets and provisions on contingent liabilities (81,009) 106,977 (292,153) (266,185) (66,745)

Net impairment allowances on financial assets and provisions on contingent liabilities 12 months ended 31.12.2021
As at 1 January 2021 (3,415,311)
Increases due to acquisition or origination (667,374)
Decreases due to derecognition 268,134
Net changes in credit risk (114,714)
Changes arising from changes to the applied estimation method (net) 20,384
Use of allowances 749,471
Other changes (including foreign exchange differences) (10,119)
As at 31 December 2021  (3,169,529)

Net impairment allowances on financial assets and provisions on contingent liabilities 12 months ended 31.12.2021
Change in impairment allowances on financial assets and provisions on contingent liabilities (475,125)
Change in initial impairment on financial assets classified as POCI 21 521
Revenue from the sale and write-off of receivables and costs related to the write-off of receivables 187,419
(266,185)

Net impairment allowances on financial assets and provisions on contingent liabilities
12 months ended 31.12.2020 Stage 1 Stage 2 Stage 3 Total including POCI
Amounts due from banks (837) (837)
Loans and advances to customers measured at amortised cost (39,110) (109,564) (477,910) (626,584) 18,218
Contingent commitments granted (19,244) 27,483 14,186 22,425
Securities measured at amortised cost 325 3,172 3,497 (2,312)
Total net impairment allowances on financial assets and provisions on contingent liabilities (58,866) (78,909) (463,724) (601,499) 15,906

Change in impairment allowances on financial assets and provisions on contingent liabilities 12 months ended 31.12.2020
As at 1 January 2020 (3,485,208)
Increases due to acquisition or origination (627,452)
Decreases due to derecognition 278,229
Net changes in credit risk (487,147)
Net changes due to the change in estimates method applied
Use of allowances 939,365
Other changes (including foreign exchange differences) (33,098)
As at 31 December 2020  (3,415,311)

Net impairment allowances on financial assets and provisions on contingent liabilities 12 months ended 31.12.2020
Change in impairment allowances on financial assets and provisions on contingent liabilities (802,442)
Change in initial impairment on financial assets classified as POCI 45,139
Revenue from the sale and write-off of receivables and costs related to the write-off of receivables 155,804
(601,499)

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