UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315 UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315
(d) Securitised loans The Bank has assigned the rights and benefits of a parcel of mortgage secured loans to a securitisation entity. The purpose of the transfer was to secure, if required, additional liquid funds from the Reserve Bank (REPO) program. The value of the securitised loans under management comprising both those assigned and those funded as agents is set out in Note 41.
12. PROVISION ON IMPAIRED LOANS
(a) Amounts arising from ECL (Expected Credit Losses) The ECL loss allowance as of the year end by class of exposure/asset is summarised in the table below.
2022 $'000
ECL $'000 2021
Gross
ECL
Carrying
Gross
Carrying Value
Carrying Allowance Value
Carrying Allowance
Value
Value
Loans to Members Mortgages
937,272 50,093 5,369 2,870 995,604
1,215
936,057 49,684 5,335 2,761 993,837
898,997 71,731 5,655 3,236 979,619
1,419
897,578 71,446 5,528 3,206 977,758
Personal Credit Cards Overdrafts
409
285 127
34
109
30
Total to natural persons
1,767
1,861
Corporate Borrowers
100,711 1,096,315
853
99,858
35,446
612
34,834
Sub Total
2,620 1,093,695 1,015,065
2,473 1,012,592
Loans to Non-Members Personal
16,659 16,659
467 467
16,192 16,192
20,560 20,560
585 585
19,975 19,975
Sub Total
Total
1,112,974
3,087 1,109,887 1,035,625
3,058 1,032,567
An analysis of the Banks ’ credit risk exposure by class of financial asset and “stage” without reflecting the effects of any collateral or other credit enhancements is demonstrated in the following tables. Unless specifically indicated, for financial assets, the amounts in the table represent gross carrying amounts.
$'000 2022
$'000 2021
Stage 1 12 month
Stage 2
Stage 3
Total
Stage 1
Stage 2
Stage 3 Lifetime
Total
Lifetime Lifetime
12 month Lifetime
ECL
ECL
ECL
ECL
ECL
ECL
Loans to Members Mortgages
672 309
132
411
1,215
304 125 127 31 587
677 160
438
1,420
Personal Credit Cards Overdrafts
69
31
409
- - -
286 127
32
1
1 1
34
- -
108
-
109
31
Total to natural persons
1,121
202
444
1,767
837
438
1,863
Corporate Borrowers Loss allowance
690
163
- -
853
612
- -
- -
612
-
-
-
-
-
Sub Total
1,810
365
444
2,620
1,198
837
438
2,475
Loans to Non-Members Personal
83 83
368 368 733
16 16
467 467
158 158
311 311
116 116 554
585 585
Sub Total
Total Carrying amount
1,894
460
3,087
1,356
1,148
3,058
45
38
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