ABN 11 087 650 315 UNITY BANK LIMITED 2022 Financial Report UNITY BANK LIMITED 2022 Financial Report
UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315 ABN 11 087 650 315
(b) Loans to Directors and other Key Management Persons (b) Loans to Directors and other Key Management Persons
(b) Loans to Directors and Other Key Management Persons (b) Loans to Directors and Other Key Management Persons
2022 $'000 2022 $'000
loans loans 2021 $'000 2021 $'000
Mortgage Secured Mortgage Secured
Other term Credit Other term Credit
Mortgage Secured Mortgage Secured
Other term Credit Other term Credit
loans loans
cards cards
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(i) Funds available to be drawn (i) Funds available to be drawn (ii) Balance
11 11
1 1 20 20 - -
66 66 6
- - - -
14 14 394 394 28 28
1,203 1,203 319 319 15 15
2,574 1,624 2,574 1,624
1,195 1,195 13 13
(ii) Balance (iii) Value of Loans Disbursed During the Year (iv) Value of Revolving Credit Facilities Granted (iii) Value of Loans Disbursed During the Year (iv) Value of Revolving Credit Facilities Granted (v) Interest & Other Revenue earned on Loans & Revolving Credit (v) Interest & Other Revenue earned on Loans & Revolving Credit
- - - -
6
- -
- -
- -
- -
56 56
1 1
1 1
45 45
13 13
15 15
(c) Total Value of Term and Savings Deposits from KMP (c) Total Value of Term and Savings Deposits from KMP
2022 $'000 529 2022 $'000
2021 $'000 381 2021 $'000
Total value term and savings deposits from KMP Total value term and savings deposits from KMP Total interest paid on deposits to KMP Total interest paid on deposits to KMP
529
381
1 1
- -
The Bank ’s policy for lending to Directors and management is that all loans are approved and deposits accepted on the same terms and conditions which applied to members for each class of loan or deposit. There are no loans which are impaired in relation to the loan balances with Director s or other KMP’s. There are no benefits or concessional terms and conditions applicable to the close family of members of the key management persons (KMP). There are no loans which are impaired in relation to the loan of close family members of Director s and other KMP’s. There are no benefits or concessional terms and conditions applicable to the close family of members of the key management persons (KMP). There are no loans which are impaired in relation to the loan of close family members of Director s and other KMP’s. The Bank ’s policy for lending to Directors and management is that all loans are approved and deposits accepted on the same terms and conditions which applied to members for each class of loan or deposit. There are no loans which are impaired in relation to the loan balances with Director s or other KMP’s. (c) Transactions with Other Related Parties Other transactions between related parties include deposits from Director related entities or close family members of Directors and other KMP. The Bank ’s policy for receiving deposits from related parties is that all transactions are approved, and deposits accepted on the same terms and conditions which applied to members for each type of deposit. There are no benefits paid or payable to the close family members of the key management persons. There are no service contracts to which key management persons or their close family members are an interested party. The Chief Executive Officer of the Bank is currently a director on the Board of TAS and Shared Service Partners Pty Ltd. The Bank currently leases Bank premises from the Shared Service Partners Pty Ltd. All transactions and dealings are at arms-length. There are no benefits paid or payable to the close family members of the key management persons. There are no service contracts to which key management persons or their close family members are an interested party. The Chief Executive Officer of the Bank is currently a director on the Board of TAS and Shared Service Partners Pty Ltd. The Bank currently leases Bank premises from the Shared Service Partners Pty Ltd. All transactions and dealings are at arms-length. (c) Transactions with Other Related Parties Other transactions between related parties include deposits from Director related entities or close family members of Directors and other KMP. The Bank ’s policy for receiving deposits from related parties is that all transactions are approved, and deposits accepted on the same terms and conditions which applied to members for each type of deposit. (d)
68 68
75
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