41. FINANCIAL RISK MANAGEMENT (CONTINUED) (a) Financial instruments by categories (continued) Bank 31 December 2021 Carrying amount RM’000 FVTPL RM’000 FVOCI RM’000 AC RM’000 Financial assets Cash and short-term funds and deposits and placements with financial institutions 5,204,364 – – 5,204,364 Financial assets at FVTPL 1,550,700 1,550,700 – – Derivative financial assets 26,037 26,037 – – Financial assets at FVOCI 12,605,067 – 12,605,067 – Financial assets at AC 1,348,844 – – 1,348,844 Financing, advances and others 58,153,769 – – 58,153,769 Other financial assets at AC* 239,257 – – 239,257 Statutory deposits with Bank Negara Malaysia 264,050 – – 264,050 79,392,088 1,576,737 12,605,067 65,210,284 Financial liabilities Deposits from customers 57,363,926 – – 57,363,926 Investment accounts of customers 10,561,601 – – 10,561,601 Derivative financial liabilities 20,421 20,421 – – Bills and acceptance payable 20,112 – – 20,112 Recourse obligations on financing sold to Cagamas 2,001,720 – – 2,001,720 Subordinated sukuk and capital securities 2,014,849 – – 2,014,849 Other liabilities 1,538,375 – – 1,538,375 Lease liabilities 302,984 – – 302,984 73,823,988 20,421 – 73,803,567 * Excludes prepayment (b) Credit risk Overview Credit risk is the risk of a customer or counterparty failing to perform its obligations. It arises from all transactions that could lead to actual, contingent or potential claims against any party, customer or obligor. The types of credit risks that the Group and the Bank considers to be material include: Default Risk, Counterparty Risk, Credit Concentration Risk, Residual/Credit Mitigation Risk, and Migration Risk. Notes to the financial statements for the financial year ended 31 December 2022 Integrated Report 2022 330
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