41. FINANCIAL RISK MANAGEMENT (CONTINUED) (b) Credit risk (continued) Credit quality of financing, advances and others (continued) Impaired financing Group and Bank 2023 RM’000 2022 RM’000 By ageing Month-in-arrears 0 65,937 83,572 Month-in-arrears 1 26,219 11,124 Month-in-arrears 2 9,547 6,102 Month-in-arrears 3 and above 534,263 734,434 635,966 835,232 Impaired financing of which rescheduled and restructured financing Group and Bank 2023 RM’000 2022 RM’000 Consumer 107,681 40,756 Business 72,160 69,211 179,841 109,967 Rescheduled or restructured financings are financings that have been rescheduled or restructured due to deterioration in the customers’ financial positions and the Bank has made concessions that it would not otherwise consider. Once the financing is rescheduled or restructured, its satisfactory performance is monitored for a period of six months before it can be reclassified to performing. 364 Notes to the Financial Statements for the financial year ended 31 December 2023 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023
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