4. CREDIT RISK (CONTINUED) 4.5 Credit Quality of Gross Financing and Advances The table below presents the Group’s and the Bank’s gross financing and advances analysed by credit quality: Group and Bank 31.12.2022 31.12.2021 RM’000 RM’000 Neither past due nor impaired 64,437,823 58,234,986 Past due but not impaired 668,802 414,366 Impaired 835,232 568,383 65,941,857 59,217,735 Gross Impaired Financing as a percentage of Gross Financing and Advances 1.27% 0.96% (a) Neither Past Due nor Impaired Financings classified as neither past due nor impaired are financings of which the customers have not missed contractual payments (profit or principal) when contractually due and are not impaired as there is no objective evidence of impairment. The credit quality of gross financing and advances which are neither past due nor impaired is as follows: Group and Bank 31.12.2022 31.12.2021 RM’000 RM’000 Excellent to Good 57,611,552 52,111,710 Satisfactory 6,486,313 5,813,008 Fair 339,958 310,268 64,437,823 58,234,986 Internal rating definition: •• Excellent to Good: Sound financial position of the customer with no difficulty in meeting its obligations. •• Satisfactory: Adequate safety of the customer meeting its current obligations but more time is required to meet the entire obligations in full. •• Fair: High risks on payment obligations. Financial performance may continue to deteriorate. Financial Statements 399 01 05 03 07 02 06 09 04 08 Bank Islam Malaysia Berhad
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