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- Financial notes
- 54. Credit risk management – financial information
- 54.3. Changes in allowances for expected credit losses
54.3. Changes in allowances for expected credit losses
Securities
| SECURITIES – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2023 | |||||
| Measurement method: measured at fair value through other comprehensive income | |||||
| As at the beginning of the period | – | – | 2 | 2 | 2 |
| Transfer from stage 1 and 3 to stage 2 | 5 | (5) | – | – | – |
| Increase due to recognition and purchase | (53) | – | – | (53) | – |
| Changes in credit risk (net)¹ | (3) | 3 | (1) | (1) | (1) |
| Decrease due to derecognition | – | 5 | – | 5 | – |
| Write-off | – | – | 1 | 1 | 1 |
| Other adjustments² | 51 | (3) | (2) | 46 | (2) |
| As at the end of the period | – | – | – | – | – |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
| SECURITIES – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2022 | |||||
| Measurement method: measured at fair value through other comprehensive income | |||||
| As at the beginning of the period | – | – | (52) | (52) | (52) |
| Transfer from stage 1 and 3 to stage 2 | 4 | (4) | – | – | – |
| Increase due to recognition and purchase | (12) | – | – | (12) | – |
| Changes in credit risk (net)¹ | (3) | 2 | 41 | 40 | 41 |
| Decrease due to derecognition | 6 | – | – | 6 | – |
| Other adjustments² | 5 | 2 | 13 | 20 | 13 |
| As at the end of the period | – | – | 2 | 2 | 2 |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
| SECURITIES – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2023 | |||||
| Measurement method: at amortized cost | |||||
| As at the beginning of the period | (45) | (25) | – | (70) | – |
| Transfer from stage 1 and 3 to stage 2 | 3 | (3) | – | – | – |
| Increase due to recognition and purchase | (17) | – | – | (17) | – |
| Changes in credit risk (net)¹ | 7 | 6 | – | 13 | – |
| Other adjustments² | (2) | 4 | – | 2 | – |
| As at the end of the period | (54) | (18) | – | (72) | – |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
| SECURITIES – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2022 | |||||
| Measurement method: at amortized cost | |||||
| As at the beginning of the period | (30) | (26) | – | (56) | – |
| Transfer from stage 1 and 3 to stage 2 | 1 | (1) | – | – | – |
| Increase due to recognition and purchase | (8) | – | – | (8) | – |
| Changes in credit risk (net)¹ | (7) | 1 | – | (6) | – |
| Other adjustments² | (1) | 1 | – | – | – |
| As at the end of the period | (45) | (25) | – | (70) | – |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
Loans and advances to customers
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2023 | |||||
| Measurement method: at amortized cost | |||||
| Real estate loans | |||||
| As at the beginning of the period | (118) | (837) | (1,342) | (2,297) | (14) |
| Transfer from stage 2 and 3 to stage 1 | (11) | 11 | – | – | – |
| Transfer from stage 1 and 3 to stage 2 | 438 | (455) | 17 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 29 | 142 | (171) | – | – |
| Increase due to recognition and purchase | (21) | (9) | (19) | (49) | (24) |
| Changes in credit risk (net)¹ | (34) | (258) | 116 | (176) | (3) |
| Decrease due to derecognition | 23 | 13 | 22 | 58 | 20 |
| Changes due to modification without derecognition (net) | – | (3) | 1 | (2) | – |
| Write-off | – | – | 304 | 304 | 2 |
| Other adjustments² | (401) | 288 | (95) | (208) | 14 |
| As at the end of the period | (95) | (1,108) | (1,167) | (2,370) | (5) |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2022 | |||||
| Measurement method: at amortized cost | |||||
| Real estate loans | |||||
| As at the beginning of the period | (68) | (671) | (1,343) | (2,082) | (19) |
| Transfer from stage 2 and 3 to stage 1 | (25) | 25 | – | – | – |
| Transfer from stage 1 and 3 to stage 2 | 305 | (320) | 15 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 35 | 126 | (161) | – | – |
| Increase due to recognition and purchase | (19) | (9) | (24) | (52) | (24) |
| Changes in credit risk (net)¹ | (79) | (137) | 81 | (135) | (9) |
| Decrease due to derecognition | 26 | 11 | 25 | 62 | 21 |
| Changes due to modification without derecognition (net) | (2) | – | (1) | (3) | – |
| Write-off | – | – | 203 | 203 | 1 |
| Other adjustments² | (291) | 138 | (137) | (290) | 16 |
| As at the end of the period | (118) | (837) | (1,342) | (2,297) | (14) |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2023 | |||||
| Measurement method: at amortized cost | |||||
| Business loans | |||||
| As at the beginning of the period | (398) | (1,586) | (2,450) | (4,434) | (3) |
| Transfer from stage 2 and 3 to stage 1 | (28) | 27 | 1 | – | – |
| Transfer from stage 1 and 3 to stage 2 | 489 | (516) | 27 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 68 | 86 | (154) | – | – |
| Increase due to recognition and purchase | (242) | (231) | (212) | (685) | (139) |
| Changes in credit risk (net)¹ | 171 | (114) | 45 | 102 | (5) |
| Decrease due to derecognition | 35 | 145 | 51 | 231 | 42 |
| Changes due to modification without derecognition (net) | (9) | (12) | 2 | (19) | – |
| Update of the applied estimation method (net) | – | – | 3 | 3 | – |
| Write-off | – | – | 646 | 646 | (2) |
| Other adjustments² | (536) | 466 | (118) | (188) | 108 |
| As at the end of the period | (450) | (1,735) | (2,159) | (4,344) | 1 |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest
2 Other adjustments include the effect of foreign exchange rate changes, interest
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2022 | |||||
| Measurement method: at amortized cost | |||||
| Business loans | |||||
| As at the beginning of the period | (337) | (933) | (2,870) | (4,140) | (14) |
| Transfer from stage 2 and 3 to stage 1 | (36) | 34 | 2 | – | – |
| Transfer from stage 1 and 3 to stage 2 | 522 | (532) | 10 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 49 | 83 | (132) | – | – |
| Increase due to recognition and purchase | (243) | (63) | (118) | (424) | (63) |
| Changes in credit risk (net)¹ | 206 | (608) | 375 | (27) | (8) |
| Decrease due to derecognition | 17 | 14 | 55 | 86 | 35 |
| Changes due to modification without derecognition (net) | (3) | (1) | 1 | (3) | (1) |
| Update of the applied estimation method (net) | – | 3 | (24) | (21) | – |
| Write-off | – | – | 473 | 473 | (3) |
| Other adjustments² | (573) | 417 | (222) | (378) | 51 |
| As at the end of the period | (398) | (1,586) | (2,450) | (4,434) | (3) |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2023 | |||||
| Measurement method: at amortized cost | |||||
| Consumer loans | |||||
| As at the beginning of the period | (356) | (654) | (1,181) | (2,191) | 34 |
| Transfer from stage 2 and 3 to stage 1 | (14) | 14 | – | – | – |
| Transfer from stage 1 and 3 to stage 2 | 377 | (388) | 11 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 290 | 252 | (542) | – | – |
| Increase due to recognition and purchase | (189) | (16) | (113) | (318) | (58) |
| Changes in credit risk (net)¹ | 94 | (101) | (430) | (437) | (4) |
| Decrease due to derecognition | 3 | 13 | 45 | 61 | 39 |
| Changes due to modification without derecognition (net) | (1) | (5) | – | (6) | – |
| Update of the applied estimation method (net) | 6 | 1 | 13 | 20 | 5 |
| Write-off | – | – | 529 | 529 | 7 |
| Other adjustments² | (653) | 140 | 222 | (291) | 32 |
| As at the end of the period | (443) | (744) | (1,446) | (2,633) | 55 |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2022 | |||||
| Measurement method: at amortized cost | |||||
| Consumer loans | |||||
| As at the beginning of the period | (233) | (525) | (1 024) | (1 782) | 28 |
| Transfer from stage 2 and 3 to stage 1 | (26) | 25 | 1 | – | – |
| Transfer from stage 1 and 3 to stage 2 | 304 | (316) | 12 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 208 | 237 | (445) | – | – |
| Increase due to recognition and purchase | (111) | (12) | (60) | (183) | (36) |
| Changes in credit risk (net)¹ | (23) | (152) | (384) | (559) | (7) |
| Decrease due to derecognition | 2 | 7 | 32 | 41 | 27 |
| Changes due to modification without derecognition (net) | (2) | (2) | 3 | (1) | – |
| Update of the applied estimation method (net) | 6 | 1 | 9 | 16 | 5 |
| Write-off | – | – | 589 | 589 | 4 |
| Other adjustments² | (481) | 83 | 86 | (312) | 13 |
| As at the end of the period | (356) | (654) | (1 181) | (2 191) | 34 |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2023 | |||||
| Measurement method: at amortized cost | |||||
| Finance lease receivables | |||||
| As at the beginning of the period | (81) | (210) | (506) | (797) | (1) |
| Transfer from stage 2 and 3 to stage 1 | (26) | 19 | 7 | – | – |
| Transfer from stage 1 and 3 to stage 2 | 22 | (56) | 34 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 2 | 48 | (50) | – | – |
| Increase due to recognition and purchase | (51) | (93) | (65) | (209) | – |
| Changes in credit risk (net)¹ | 23 | (26) | (80) | (83) | – |
| Decrease due to derecognition | 27 | 80 | 128 | 235 | – |
| Changes due to modification without derecognition (net) | 1 | – | – | 1 | – |
| Write-off | – | – | 33 | 33 | – |
| Other adjustments² | – | 1 | (10) | (9) | – |
| As at the end of the period | (83) | (237) | (509) | (829) | (1) |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2022 | |||||
| Measurement method: at amortized cost | |||||
| Finance lease receivables | |||||
| As at the beginning of the period | (65) | (134) | (461) | (660) | (1) |
| Transfer from stage 2 and 3 to stage 1 | (24) | 17 | 7 | – | – |
| Transfer from stage 1 and 3 to stage 2 | 17 | (54) | 37 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 2 | 27 | (29) | – | – |
| Increase due to recognition and purchase | (52) | (76) | (71) | (199) | – |
| Changes in credit risk (net)¹ | 23 | (39) | (99) | (115) | – |
| Decrease due to derecognition | 19 | 47 | 109 | 175 | – |
| Update of the applied estimation method (net) | – | 1 | (3) | (2) | – |
| Write-off | – | – | 14 | 14 | – |
| Other adjustments² | (1) | 1 | (10) | (10) | – |
| As at the end of the period | (81) | (210) | (506) | (797) | (1) |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2023 | |||||
| Measurement method: at amortized cost | |||||
| Factoring receivables | |||||
| As at the beginning of the period | (6) | – | (22) | (28) | – |
| Transfer from stage 1 and 2 to stage 3 | 9 | – | (9) | – | – |
| Increase due to recognition and purchase | (1) | – | – | (1) | – |
| Changes in credit risk (net)¹ | (5) | – | 2 | (3) | – |
| Decrease due to derecognition | – | – | 1 | 1 | – |
| Other adjustments² | 2 | – | (1) | 1 | – |
| As at the end of the period | (1) | – | (29) | (30) | – |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
| LOANS AND ADVANCES TO CUSTOMERS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES DURING THE PERIOD | Stage 1 | Stage 2 | Stage 3 | Total | of which POCI |
|---|---|---|---|---|---|
| 2022 | |||||
| Measurement method: at amortized cost | |||||
| Factoring receivables | |||||
| As at the beginning of the period | (5) | – | (18) | (23) | – |
| Transfer from stage 2 and 3 to stage 1 | (7) | 5 | 2 | – | – |
| Transfer from stage 1 and 3 to stage 2 | 7 | (8) | 1 | – | – |
| Transfer from stage 1 and 2 to stage 3 | 4 | 4 | (8) | – | – |
| Increase due to recognition and purchase | (2) | – | – | (2) | – |
| Changes in credit risk (net)¹ | (2) | (1) | – | (3) | – |
| Other adjustments² | (1) | – | 1 | – | – |
| As at the end of the period | (6) | – | (22) | (28) | – |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
2 Other adjustments include the effect of foreign exchange rate changes, interest, measurement.
Other financial assets
| OTHER FINANCIAL ASSETS – CHANGES IN ALLOWANCES FOR EXPECTED CREDIT LOSSES IN THE PERIOD – Stage 3 | 2023 | 2022 |
|---|---|---|
| As at the beginning of the period | (146) | (136) |
| Increase due to recognition and purchase | (1) | – |
| Changes in credit risk (net)¹ | (7) | (13) |
| Write-off | 16 | 3 |
| Other adjustments² | 2 | – |
| As at the end of the period | (136) | (146) |
1 Changes in credit risk (net) include the effect on the amount of the allowance due to increases or decreases in the amount of financial assets due to accrued and paid interest income, the effect of the passage of time on expected losses, changes in estimates due to updates or reviews of risk parameters and changes in economic forecasting data.
2 Other adjustments include the effect of foreign exchange rate changes, interest.
2 Other adjustments include the effect of foreign exchange rate changes, interest.