41. FINANCIAL RISK MANAGEMENT (CONTINUED) (b) Credit risk (continued) Maximum exposure to credit risk The following table presents the Group’s and Bank’s maximum exposure to credit risk of on-balance sheet and off-balance sheet financial instruments, without taking into account any collateral held or other credit enhancements. For on-balance sheet assets, the exposure to credit risk equals their carrying amount. For financial guarantee contracts, the maximum exposure to credit risk is the maximum amount that the Group and the Bank would have to pay if the obligations of the instruments issued are called upon. For credit commitments, the maximum exposure to credit risk is the full amount of the undrawn credit facilities granted to customers. Note Group 2022 RM’000 2021 RM’000 Cash and short-term funds and deposits and placements with financial institutions 7,145,114 5,222,848 Financial assets at FVTPL* 54,868 1,287,099 Derivative financial assets (a) 123,000 26,037 Financial assets at FVOCI^ 12,017,378 12,526,670 Financial assets at AC 3,055,256 1,348,844 Financing, advances and others (b) 64,901,994 58,153,769 Other financial assets at AC@ 578,615 294,508 Sub-total 87,876,225 78,859,775 Credit related obligation: Financial guarantee contracts (c) 1,926,256 1,822,909 Financing commitments# (d) 9,201,594 9,357,082 Sub-total 11,127,850 11,179,991 Total credit exposures 99,004,075 90,039,766 * Excludes unit trust ^ Excludes equity instruments @ Excludes prepayment # Excludes derivative financial instruments Notes to the financial statements for the financial year ended 31 December 2022 Integrated Report 2022 332
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