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   "value": "1. General information Multitude SE and its subsidiaries (\"Multitude\", \"we\" or the \"Group\"), is a public company registered in accordance with the corporate law of the European Union that provides retail and corporate banking services to private clients and small and medium enterprises (\"SMEs\").",
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   "value": "1. General information Multitude SE and its subsidiaries (\"Multitude\", \"we\" or the \"Group\"), is a public company registered in accordance with the corporate law of the European Union that provides retail and corporate banking services to private clients and small and medium enterprises (\"SMEs\"). The ultimate par- ent company Multitude SE (business identity code 1950969-1) was established in 2005 and is headquartered at Ratamestarinkatu 11 A, FI-00520 Helsinki. Multitude SE is listed in the Prime Standard of Frankfurt Stock Exchange under the symbol \"FRU\". The Group is a sole shareholder of Multitude Bank p.l.c., licensed by the Malta Financial Services Authority (\"MFSA\"), which is a significant part of the Group that allows it to provide financial services and products to European Economic Area (\"EEA\") member states. On 27 March 2024, Multitude\u2019s Board of Directors authorised the Group\u2019s consolidated financial statements as at and for the year ended 31 December 2023 for issuance and filing. 1.1 Significant changes in the current reporting period The financial position and performance of the Group was particularly affected by the following events and transactions during the reporting period: Change of accounting policies and correction of prior period error The composition of the consolidated statements of profit or loss, cash flows and financial position was adjusted due to a change in presentation driven by the alignment with the reporting format of the financial industry. In line with the initiative to adopt a presentation framework of the financial industry, the Group has also changed the presentation of its consolidated statement of financial position from a current/non-current approach to a liquidity-based approach. The consolidated statement of profit or loss was improved to show interest income and interest expense as main financial statement line items. The change was also made to the accounting treatment of collection costs as a part of impair- ment loss on loans to customers financial statement line item to better reflect possible shortfall in cash flows derived from loan contracts. Classification of reminder fees as part of effective interest income was implemented alongside classification of certain scoring costs as part of directly attrib- utable acquisition costs. Detailed information about these adjustments can be found in Note 26. Annual General Meeting The Annual General Meeting (\u201cAGM\u201d) was held on 27 April 2023 in Helsinki, Finland. The following matters have been resolved during the AGM: The AGM adopted the Annual Accounts, including the Consolidated Annual Accounts for the financial year 2022 and discharged the members of the Board of Directors and the CEO from liability for the financial year 2022. In accordance with the proposal of the Board of Directors, it was decided that dividends amounting to EUR 0.12 per share will be distributed for the financial year ended 31 December 2022. In 2023, dividends of EUR 2.6 million for the previous financial year were distributed to shareholders. The AGM confirmed the number of members of the Board of Directors as six and decided to re- elect Goutam Challagalla, Michael A. Cusumano, Jorma Jokela, Kristiina Lepp\u00e4nen and Lea Liigus to the Board of Directors and elected Ari Tiukkanen as new member, each one for a term ending at the end of the next Annual General Meeting. The Board of Directors will elect the Chairman and the Vice Chairman of the Board of Directors from amongst its members. The AGM has also resolved to appoint Audit firm PricewaterhouseCoopers Oy, which had stated that APA Jukka Paunonen will act as the responsible auditor, as the auditor of the Group for a term ending at the end of the next Annual General Meeting. Please visit the Group\u2019s website for further information on the Annual General Meeting.",
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   "value": "In accordance with the proposal of the Board of Directors, it was decided that dividends amounting to EUR 0.12 per share will be distributed for the financial year ended 31 December 2022. In 2023, dividends of EUR 2.6 million for the previous financial year were distributed to shareholders. 22. Dividends The Group declared a dividend of EUR 0.12 per share in the total amount of EUR 2.6 million for the financial year 2022 that was paid in 2023. The Board of Multitude SE proposed EUR 0.19 per share of dividend distribution in relation to the results of operations for the year ended 31 December 2023 before the date of financial statements publishing EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 ",
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  "fact-388": {
   "value": "2.1 Basis of preparation The consolidated financial statements have been prepared on a historical cost basis, except for derivative financial instruments which are measured at fair value through profit or loss (FVPL). The consolidated financial statements are presented in thousand Euros (\"EUR 000\"). The Group has prepared its consolidated financial statement on the basis that it will continue to operate as a going concern .",
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  "fact-390": {
   "value": "2.2 Statement of compliance The consolidated financial statements of the Group have been prepared in accordance with IFRS accounting stgandards as issued by the International Accounting Standards Board (IASB) and adopted by the European Union.",
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  "fact-391": {
   "value": "2.5 Summary of material accounting policies 2.5.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the parent company, and each of those companies over which parent company or another Group company exercises control. Control over an entity exists when the Group is exposed, or has rights, to variable returns from its involvement with the entity and can affect those returns through its power over the entity. When the Group has less than a majority of voting or similar rights in an entity, it considers all relevant facts and circumstances in assessing whether it has power over an entity, including con- tractual arrangements, voting rights and potential voting rights, the relevant activities and how decisions about those activities are made and whether the Group can direct those activities. The  Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to the elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. A change in the ownership interest of a subsidiary, without a loss of control, is account- ed for as an equity transaction. When assessing whether to consolidate an entity, the Group evaluates a range of control factors, namely: \u2013 Purpose and design of the entity \u2013 Relevant activities and how these are determined \u2013 Whether the Group\u2019s rights result in the ability to direct the relevant activities \u2013 Whether the Group has exposure or rights to variable returns \u2013 Whether the Group has the ability to use its power to affect the amount of its returns Where voting rights are relevant, the Group is deemed to have control where it holds, directly or indirectly, more than half of the voting rights over an entity unless there is evidence that another investor has the practical ability to unilaterally direct the relevant activities. Potential voting rights that are deemed to be substantive are also considered when assessing control. Likewise, the Group also assesses existence of control where it does not control the majority of the voting power but has the practical ability to unilaterally direct the relevant activities. This may arise in circumstances where the size and dispersion of holdings of the shareholders give the Group the power to direct the activities of the investee. All intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Consistent accounting policies are applied throughout the Group for the purposes of consolidation. At the date that control of a subsidiary is lost, the Group: a) derecognises the assets (including attributable goodwill) and liabilities of the subsidiary at their carrying amounts, b) derecognises the carrying amount of any non-controlling interests in the former subsidiary, c) recognises the fair value of the consideration received and any distribution of the shares of the subsidiary, d) recognises any investment retained in the former subsidiary at its fair value and e) recognises any resulting difference of the above items as a gain or loss in the consolidated statement of profit or loss. There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. On the other hand, the Group also assesses existence of significant influence over other enti- ties (including the cases when ownership share is below 20% and there are other indicators of significant influence). Multitude assesses if there are other indicators of significant influence for each investment like participation in policy making, material transaction, representation on the investee's board. When existence of significant influence can be clearly demonstrated, Multitude considers such entities as associates and accounts for them using the equity method. Under the equity method, the investment is initially recognised at cost in the consolidated statement of financial position. Subsequently, the investment is adjusted for the Group's share of the associate's  post-acquisition profits or losses and other changes in its equity. The Group's share of post- acquisition profits or losses is recognised in the consolidated statement of profit or loss. Any dividends received from the associate reduce the carrying amount of the investment. Invest- ment, share of profit or loss and dividends from associates are recorded as investments accounted for using the equity method in the consolidated statement of financial position. 2.5.2 Functional and presentation currency The items included in the financial statements of each of the Group companies are measured using the currency of the primary economic environment in which the company operates (the \u201cfunctional currency\u201d). On consolidation, the assets and liabilities of Group companies, whose functional currency is other than the EUR, are translated into the presentation currency at the exchange rates prevailing at the end of the reporting period. The income and expenses of these companies are translated into EUR at the average exchange rates for the reporting period. The exchange differences arising from translation for consolidation are recognised as translation differences in the consolidated statement of comprehensive income. 2.5.3 Segment reporting The Group defines operating and reportable segments as business units (Note 6). Operating segments are reported in a manner consistent with the internal reports provided to the Chief  Operating Decision Maker (CODM). The CODM is defined as Group CEO, who is supported by  business unit CEOs. The CODM is responsible for allocating resources and assessing the  performance of the operating segments. The Group\u2019s operating and reportable segments  comprise 100% of the Group\u2019s external income. 2.5.4 Business combinations Business combinations are accounted for using the acquisition method. The consideration  transferred in a business combination is measured as the aggregate of the fair values of the assets transferred, liabilities incurred towards the former owners of the acquired entity or  business, and equity instruments issued. Acquisition-related costs are recognised as expenses in the consolidated statement of profit or loss in the period in which the costs are incurred and the related services are received with the exception of costs directly attributable to the issuance of equity instruments that are accounted for as a deduction from equity. Identifiable assets acquired and liabilities assumed are measured at the acquisition date fair values. The Group elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree\u2019s identifiable net assets on a business combination by business combination basis. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration, classified as an asset or liability that is a financial instrument and within the scope of IFRS 9, is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses . 2.5.5 Non-current assets or disposal groups held for sale and discontinued operations Non-current assets or disposal groups are classified as assets held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the asset, or the disposal group, must be available for immediate sale in its present condition subject only to the usual and customary terms for sales of such assets or dispos- al groups, and the sale must be highly probable. These assets, or in the case of disposal groups, assets and liabilities, are presented separately in the consolidated statement of financial position and measured at the lower of the carrying amount and fair value less costs to sell. Non-current assets classified as held for sale or included in a disposal group classified as held for sale, are not depreciated or amortised. Discontinued operations are reported when a component of the Group, comprising operations and cash flows that can be clearly distinguished both operationally and for financial reporting purposes from the rest of the Group. A discontinued operation is a component of an entity that either has been disposed of, or is classified as held for sale, and (a) represents a separate major line of business or geographical area of operations, (b) is part of a single coordinated plan to dispose of a separate major line of business or geo- graphical area of operations; or (c) is a subsidiary acquired exclusively with a view to resale. Profit or loss from discontinued operations is reported separately from income and expenses from continuing operations in the consolidated statement of profit or loss, with prior periods presented on a comparative basis. Cash flows from discontinued operations are presented separately in the consolidated financial statements and accompanying notes. Intra-group revenues and expenses between continuing and discontinued operations are eliminated. Gain or loss on disposal of subsidiaries that does not qualify as discontinued operations is record- ed in other income or expense in the consolidated statement of profit or loss. 2.5.6 Recognition of interest income/expense and effective interest rate The Group recognises interest income and interest expense by applying an effective interest meth- od (EIR). The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: \u2022  the gross carrying amount of the financial asset; or \u2022  the amortised cost of the financial liability. When calculating the EIR for financial instruments, the Group estimates future cash flows consid- ering all contractual terms of the financial instrument, but not expected credit losses. The EIR, and consequently the amortised cost of the financial asset, is determined by considering transaction costs, any discount or premium on the acquisition of the financial asset, as well as fees and costs integral to the EIR. The EIR calculation accommodates the potential impact of other characteristics of the product life cycle including early repayments and penalty charges . If revisions to the expected cash flows of fixed rate financial assets or liabilities occur for reasons other than credit risk, the changes to future contractual cash flows are discounted at the original EIR, resulting in an adjustment to the carrying amount. The difference with the previous carrying amount is recorded as a positive or negative adjustment to the financial asset or liability's carrying amount in the statement of financial position, with a corresponding increase or decrease in interest income/expense calculated using the effective interest method. In the case of floating rate financial instruments, periodic re-estimation of cash flows to reflect market interest rate movements also impacts the effective interest rate. However, when instru- ments were initially recognised at an amount equal to the principal, re-estimating future interest payments does not significantly affect the carrying amount of the asset or liability. The Group computes interest income on financial assets, excluding those considered credit-im- paired, by applying the EIR to the gross carrying amount of the financial asset. When a financial asset becomes credit-impaired (and is therefore categorised as \u2018Stage 3\u2019), the Group calculates interest income by applying the EIR to the net amortised cost of the financial asset. If the financial asset is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis . 2.5.7 Fee and commission income Fee and commission income and expense that are an integral part of the effective interest rate on a financial asset or liability are included in the effective interest rate calculation and treated as part of effective interest (Note 2.5.6). Fee and commission income that is not considered to be an integral part of the effective interest rate on loans to customers and accounted as per IFRS 15. Fee and commission income is recognised at an amount that reflects the consideration the Group expects to be entitled to in exchange for providing the services. The performance obligations, as well as the timing of their satisfaction, are identified and determined at the inception of the con- tract. When Multitude provides a service to its customers, consideration is invoiced and generally due immediately upon satisfaction of a service provided at a point in time or at the end of the contract period for a service provided over time. 2.5.8 Fair value and foreign exchange gains and losses 2.5.8.1 Recognition of fair value and foreign exchange gains and losses Within this line item, the Group reports unrealised and realised foreign exchange gains and losses on the retranslation of monetary items, as well as all gains and losses arising from fluctuations in fair value of derivatives. Gains and losses arising from fluctuations in the value of the derivatives resulting from foreign currency forward contracts. 2.5.8.2 Transactions and balances in foreign currencies Transactions in foreign currencies are recorded at exchange rates prevailing at the dates of the individual transactions. Monetary assets and liabilities denominated in foreign currency are valued at the exchange rates prevailing at the end of the reporting period. 2.5.9 Personnel expense Post-employment plans: The Group companies have various post-employment plans that follow local regulations and practices in the countries in which they operate. Group companies\u2019 pension plans are generally considered to be defined contribution plans that employees and relevant Group companies fund through pension insurance contracts, local government retirement schemes, and other external post-employment retirement plan arrangements, where the Group does not retain or incur any additional legal or constructive obligations on top of its obligations to make contributions to such plans. These contributions are recognised as part of personnel expense in the consolidated state- ment of profit or loss in the period in which they are incurred. Share-based payments: The Group\u2019s share-based payments granted are classified as equity-settled share-based payment transactions. They are booked as personnel expense and as increases in equity based on the grant date fair value of the options or shares granted. The total expense is recognised over the vesting period, when all of the specified vesting conditions are satisfied.  At the end of each period, the Group revises its estimates of the number of options or shares that are expected to vest based on the vesting and service conditions. The Group recognises the impact of the revision of the original estimates, if any, in profit or loss, with a corresponding adjustment to equity. The cancellation of a share-based payment arrangement is accounted for as an acceleration of vesting, and the Group recognises immediately the amount that would have been settled with employees at the end of the original vesting period. Any payment made to the employee is accounted for as a deduction from equity, except to the extent that the pay- ment exceeds the fair value of the equity instruments granted, measured at the cancellation date. 2.5.10 Other income and expense Gains and losses not arising from the Group\u2019s ordinary course of business, such as those deriving from impairment of non-financial assets, sale and disposal of non-current assets, among others, are recognised under other income/other expense line item in the Group\u2019s consolidated statement of profit or loss. 2.5.11 Income tax expense 2.5.11.1 Recognition of income taxes The income taxes comprise current tax and deferred tax. Income tax benefit or expense is rec- ognised in the consolidated statement of profit or loss, except to the extent that it relates to items recognised in other comprehensive income, or directly in equity. 2.5.11.2 Current taxes Current taxes are based on the results of Group companies and are calculated using local tax regulations and tax rates enacted or substantively enacted at each reporting date. Corporate taxes withheld at the source of the income, on behalf of Group companies, are accounted for in income tax expense financial statement line item, where they are determined to represent tax on profit or loss for the period. 2.5.11.3 Deferred taxes Deferred tax assets and liabilities are determined using the balance sheet method for all tempo- rary differences between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Recognition of deferred tax assets is contingent upon the availability of future taxable profit against which unused tax losses, tax credits, and deductible temporary differences can be utilised in the relevant jurisdictions. The realisability of deferred tax assets is assessed at each reporting date, and adjustments are made if circumstances indicate that these assets are no longer probable to be utilised. Deferred tax liabilities are acknowledged for temporary taxable differences and those arising  between the fair value and the tax base of identifiable net assets acquired in business combinations.  Additionally, deferred tax liabilities are provided for taxable temporary differences arising from investments in subsidiaries, except when the Group controls the timing of the reversal of the  temporary difference, and it is probable that the reversal will not occur in the foreseeable future. The enacted or substantively enacted tax rates as of each reporting date, expected to apply when the asset is realised or the liability is settled, are employed in measuring deferred tax assets and deferred tax liabilities. Deferred tax assets and liabilities are not subject to discounting. The Group regularly assesses positions taken in tax returns concerning situations where applicable tax regulations are subject to interpretation. Adjustments to the recorded amounts of current and deferred tax assets and  liabilities are made when it is considered probable, i.e., more likely than not, that certain tax  positions may not be fully sustained upon review by tax authorities. The recorded amounts are based on the most likely amount or the expected value, depending on the method that the Group expects to predict the uncertainty's resolution better.  Deferred tax related to assets and liabilities arising from a single transaction that, on initial  recognition, give rise to equal amounts of taxable and deductible temporary differences, will  require the recognition of deferred tax assets and liabilities in equal amounts. Deferred tax assets and deferred tax liabilities are offset for presentation purposes if, and only if: a) when there is a legally enforceable right to set off current tax assets against current tax liabilities; b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities, which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously in each future period where significant amounts of deferred tax liabilities or deferred tax assets are expected to be settled or recovered. 2.5.12 Cash and cash equivalents Cash and cash equivalents include cash at banks and on hand, as well as short-term highly liquid investments that are readily convertible to known amounts of cash with the maturities at the acquisition of three months or less, as well as bank deposits with maturities or contractual call periods at the acquisition of three months or less. Bank deposits that are set aside as collateral to fund the Group\u2019s forward contracts and do not meet the definition of cash and cash equivalents, are classified as financial assets at amortised cost and presented as receivables from banks under other financial assets in the consolidated statement of financial position. 2.5.13 Derivative financial instruments The Group's risk management policy includes foreign currency forward contracts. All derivatives arising from such contracts are recognised initially at fair value when a derivative contract is en- tered into and subsequently remeasured at fair value. Derivative financial assets and derivative financial liabilities are presented in the assets and liabilities sections of the consolidated statement of financial position, respectively. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Discounted Cash Flow (DCF) models are used to determine the fair values of over-the- counter derivatives which comprise foreign currency forward contracts. This involves projecting future cash flows, discounting them back to present value using a rate that considers risk factors, and calculating the fair value. Foreign currency forward contracts are valued at market-forward exchange rates. Changes in fair value are measured by comparing these rates with the original contract-forward rate. The Group does not apply hedge accounting. As a result, realised and unrealised gains and losses  arising from changes in fair values of the derivative financial assets and liabilities during the  financial period are recognised as fair value and foreign exchange gains and losses in the Group\u2019s consolidated statement of profit or loss as described in Note 2.5.8.1. 2.5.14 Financial assets 2.5.14.1 Initial recognition and measurement of financial assets The Group recognises a financial asset in its statement of financial position when it becomes a party to the contractual provisions of the instrument. Regular purchases and sales of financial assets are recognised on the settlement date, which is the date on which the Group purchases or sells the asset.  At initial recognition, the Group measures a financial asset at its fair value plus or minus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are incre- mental and directly attributable to the acquisition or issue of the financial asset, such as fees and commissions. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Immediately after initial recognition, an expected credit loss allowance (ECL) is recognised for financial assets measured at amortised cost which results in an accounting loss being recognised in profit or loss when an asset is newly originated. When the fair value of financial assets differs from the transaction price on initial recognition, the Group recognises the difference as follows:  \u2022 When the fair value is evidenced by a quoted price in an active market for an identical asset (i.e. a Level 1 input) or based on a valuation technique that uses only data from observable markets, the difference is recognised as a gain or loss. \u2022 In all other cases, the difference is deferred and the timing of recognition of deferred day one profit or loss is determined individually. It is either amortised over the life of the instrument, deferred until the instrument's fair value can be determined using market observable inputs, or realised through settlement. 2.5.14.2 Classification and subsequent measurement of financial assets The Group classifies its financial assets as financial assets subsequently measured at amortised cost (carrying amount less expected credit losses), financial assets measured at fair value with changes recognised through other comprehensive income (\"FVOCI\"), and financial assets mea- sured at fair value with changes recognised through profit and loss (\"FVPL\"). The appropriate category is selected based on 1.  the Group\u2019s business model for managing the financial asset and, 2. the contractual cash flow characteristics of the asset. The Group\u2019s business model for managing financial assets is assessed at the portfolio level as this best reflects how the business and financial assets are managed to generate cash flows. Similarly, the Group assesses contractual cash flow characteristics of financial assets at the portfolio level, and where applicable, at the individual product level. There are three business models available: \u2022 Hold to Collect - Financial assets held with the objective of collecting contractual cash flows. These financial assets are subsequently measured at amortised cost and are recorded in multiple lines on the Group\u2019s consolidated statement of financial position. \u2022 Hold to Collect and Sell - Financial assets held with the objective of both collecting contractual cash flows and selling financial assets. They are recorded as financial assets at fair value through other comprehensive income on the Group\u2019s consolidated statement of financial position. \u2022 Other  - Financial assets that do not meet the criteria of either \u201cHold to Collect\u201d or \u201cHold to Collect and Sell\u201d. They are recorded as financial assets at fair value through profit or loss on the Group\u2019s consolidated statement of financial position. The assessment of the business model requires judgement based on facts and circumstances upon initial recognition. As part of this assessment, the Group considers quantitative factors (e.g., the expected frequency and volume of sales) and qualitative factors such as how the performance of the business model and the financial assets held within that business model are evaluated and reported to the Leadership Team. In addition to taking into consideration the risks that affect the performance of the business model and the financial assets held within that business model, in particular, how those market and credit risks are managed; and how managers of the business are compensated (e.g., whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected). This assessment results in an asset being classified in either a Hold to Collect, Hold to Collect and Sell or Other business model. If the Group holds a financial asset either in a Hold to Collect or a Hold to Collect and Sell busi- ness model, then an assessment at initial recognition to determine whether the contractual cash flows of the financial asset are Solely payments of principal and interest (SPPI) test is required to determine the financial asset classification. Contractual cash flows that are SPPI compliant, are consistent with a basic lending arrangement. Principal for the purpose of this test is defined as the fair value of the financial asset at initial rec- ognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortisation of the premium/discount). Interest in a basic lending arrangement is consideration for the time value of money and the credit risk associated with the principal amount outstanding during a particular period of time. It can also include consideration for other basic lending risks (e.g., liquidity risk) and costs (e.g., administrative costs) associated with holding the financial asset for a particular period of time; and a profit margin that is consistent with a basic lending arrangement. In contrast, contractual terms that introduce a more than de minimis exposure to risks or volatility in the contractual cash flows that are unrelated to a basic lending arrangement do not give rise to contractual cash flows that are solely payments of principal and interest on the amount outstand- ing. In such cases, the financial asset is required to be measured at FVPL . Categories of financial assets include the following: 1.  Financial assets measured at amortised cost are debt instruments held within a Hold to Collect business model and for which the contractual cash flows are SPPI compliant. The Group\u2019s finan- cial assets measured at amortised cost include loans to customers, cash and cash equivalents, receivables from sold portfolio, receivables from banks, debt investments and other financial assets from third parties. Under this measurement category, the financial asset is measured at fair value at initial recognition. Subsequently the carrying amount is reduced for principal payments, plus or minus the cumulative amortisation using the effective interest method. After initial measurement, the Group determines loss allowances related to financial assets, using the expected credit loss (\"ECL\") model. The Group\u2019s ECL model, inputs, and assumptions are dis- closed in Note 3.2. Financial assets measured at amortised cost are recognised on a settlement date basis. 2. Financial assets measured at FVOCI are debt instruments, that are held in a Hold to Collect and Sell business model and for which the contractual cash flows are SPPI compliant or equity instruments that would otherwise be classified as financial assets at FVPL that are irrevocably designated as financial assets at FVOCI at initial recognition. Equity instruments are instruments that meet the definition of equity from the issuer's perspective, that is, instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer's net assets. Financial assets classified as FVOCI are recognised or derecognised on settlement date. This category is expected to have limited usage by the Group and has not been used to date. 3. Financial assets are classified at fair value through profit or loss if they are held in the Other business model because they are either held for trading or because they do not meet the criteria for Hold to Collect or Hold to Collect and Sell. In addition, they include financial assets that meet the criteria for Hold to Collect or Hold to Collect and Sell business model but fail the SPPI test, or where the Group designates the financial assets under the fair value option. The Group\u2019s financial assets at FVPL consist of derivative financial assets that are used to hedge the cash flow impact of changes in exchange rates, and as a result, do not fall in either of the preceding categories. 2.5.14.3 Modification of contractual cash flows of financial assets A modification occurs when there is a change in the contractual cash flows of a financial asset due to modifications or renegotiations to the terms and conditions of the underlying loan agreement with the borrower. These modifications can take different forms, can happen at different stages during the maturity period of the loan.  Taking cognisance of the nature of the modifications granted by the Group (Note 4.2.8), given that the terms are not substantially different, the modification is not expected to result in derecogni- tion, and the Group recalculates the gross carrying amount based on the revised cash flows of the financial asset and recognises a modification gain or loss in profit or loss if material. If the terms are substantially different, the Group derecognises the original financial asset and recognises a 'new' asset at fair value and recalculates a new effective interest rate for the asset. The date of renegotiation is consequently considered to be the date of initial recognition for im- pairment calculation purposes, including for the purpose of determining whether a significant increase in credit risk has occurred. However, the Group would also assess whether the new financial asset recognised is deemed to be credit-impaired at initial recognition, especially in circumstances where the renegotiation was driven by the debtor being unable to make the originally agreed payments. Differences in the carrying amount would also be recognised in profit or loss as a gain or loss on derecognition. The new gross carrying amount is recalculated by discounting the modified cash flows at the original EIR (or credit-adjusted effective interest rate for purchased or originated credit-impaired financial assets) . 2.5.14.4 Derecognition of financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of the consideration received (including any new asset obtained less any new liability assumed) is rec- ognised in the consolidated statement of profit or loss. If an existing financial asset is replaced by another asset from the same counterparty on sub- stantially different terms, or if the terms of the financial asset are substantially modified (due to forbearance measures or otherwise), the existing financial asset is derecognised and a new asset is recognised. Any difference between the respective carrying amounts is recognised in the consolidated statement of profit or loss . 2.5.15 Prepaid expenses and other assets Prepaid expenses refer to payments made in advance for goods or services that a company will receive in the future. These payments create a right to receive future economic benefits. As such, they are recognised as assets until the related goods or services are consumed or the economic benefits are realised. Once consumed or realised, the prepaid expense is then recognised as an expense in the consolidated statement of profit or loss. 2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition . Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. 2.5.17 Leases The Group\u2019s lease agreements primarily relate to leases of office buildings and equipment. At contract inception, the Group assesses whether a contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration and, accordingly, recognises a right-of-use asset and a lease liability for all leases with a lease term exceeding 12 months. The commencement date is when the lessor makes the underlying leased asset available for use by the Group. The Group companies generally enter into lease contracts that have a lease term varying between 1 and 5 years with a prolongation option of a similar range. The Group companies make assumptions on expected lease term that include prolongation option (Note 3.5). The Group applies the practical expedient whereby leases for which the lease term is 12 months or less at the lease commencement date (short-term leases) are not recognised in its consolidated statement of financial position. Instead, the Group recognises the lease payments associated with short-term leases as an operating expense on a straight-line basis over the lease term. At the same time, the Group recognises lease payments as an operating expense in the case of leases for which the underlying asset is of low value. Other payments for non-lease components (e.g., property tax- es, insurance payments and property service costs), are recognised as an expense when incurred. Right-of-use asset: The right-of-use asset is initially measured at cost, which includes the amount of the initial mea- surement of the lease liability, any lease payments made at or before the commencement date, and estimated restoration costs of the leased asset to the condition required by the contract at the end of the lease period, less any lease incentives and any initial direct costs incurred. After initial measurement, right-of-use assets are measured at cost less any accumulated depre- ciation and any accumulated impairment losses and adjusted for certain remeasurements of the lease liability. The right-of-use asset is depreciated using the straight-line method, from the com- mencement date to the earlier of the end of the contractual lease term, or the estimated useful economic lives of the right-of-use assets, as follows: Office buildings: 3 \u2013 6 years Office equipment: 3 \u2013 4 years The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options, including extension periods of open-ended contracts. The Group reassesses whether it is reasonably certain to exercise the options and extension periods if there is a significant event or significant changes in circumstances within its control. Lease liability: At the commencement date, lease liabilities are measured at the present value of lease payments to be made over the lease term. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, as well as any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The lease payments include fixed lease payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and appropriate termination fees whenever the lease term is determined based on the expectation that the Group will exercise its option to terminate. The Group does not generally enter into lease contracts with variable lease payments linked to future performance or use of an underlying asset. Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. Incremental borrowing rate: The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. This rate is calculated at the beginning of the lease and is unique for every Group company - lessee (Note 3.6). 2.5.18 Property, plant and equipment Property, plant and equipment are recognised in the financial statements at their carrying amount, equal to the cost of acquisition less cumulative depreciation, and where applica- ble, accumulated impairment. The acquisition cost includes costs directly attributable to the  acquisition of the asset. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are recognised as expense in the consolidated statement of profit or loss when they are incurred. Property, plant and equipment are depreciated using the straight-line method towards their residual values and over their estimated useful lives, as follows: Office renovations: 3 \u2013 8 years Furnitures, fittings, and equipment: 3 \u2013 8 years If appropriate the asset\u2019s residual value and useful life are reviewed and adjusted at the end of each reporting period. Gain or loss on disposal is determined as the difference between the net disposal proceeds and the carrying amount. The gain or loss from disposal is recognised in other expense line item in the consolidated statement of profit or loss . 2.5.19 Financial liabilities 2.5.19.1 Initial recognition and measurement of financial liabilities The Group recognises a financial liability on its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group generally recognises financial liabilities on initial measurement at their fair value including transaction costs, and subsequently measures them at amortised cost using the effective interest method, with resulting interest ex- pense recognised as an interest expense in the consolidated statement of profit or loss, except for financial liabilities at FVPL, which are initially measured at fair value, excluding directly attributable transaction costs, and after that are carried at fair value, with changes in fair value recognised through profit or loss. The Group\u2019s financial liabilities at FVPL consist of derivative financial liabili- ties used to hedge the cash flow impact of changes in exchange rates. At initial recognition, the Group assesses whether an issued debt instrument should be classified as an equity instrument. The Group considers all relevant contractual terms to determine whether the instrument does not include a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or liabilities with another entity under conditions that are potentially unfavourable to the Group. In applying these criteria, the Group considers that discretionary payments of the principal amount, or any interests thereon, to the holders of the issued instrument do not constitute a contractual obligation and hence are recognised as movement in equity. 2.5.19.2 Classification and subsequent measurement of financial liabilities Financial liabilities are classified as subsequently measured at amortised cost, except for: \u2022  Financial liabilities at fair value through profit or loss: this classification is applied to derivatives; and \u2022  Loan commitments. The Group generally classifies all its issued debt securities as financial liabilities subsequently mea- sured at amortised cost. The Group\u2019s financial liabilities measured at amortised cost consist of debt securities, deposits from customers, lease liabilities, and other liabilities that will be extinguished through cash payments. 2.5.19.3 Modification of financial liabilities When the modification of the terms of an existing financial liability is not judged to be substantial and, consequently, does not result in derecognition, the amortised cost of the financial liability is recalculated by computing the present value of estimated future contractual cash flows that are discounted at the financial liability\u2019s original EIR. Any resulting difference is recognised immedi- ately in profit or loss. 2.5.19.4 Derecognition of financial liabilities The Group derecognises a financial liability, or portion of a financial liability, when its contractual obligations that comprise the financial liability are discharged, cancelled or expired . An exchange between the Group and the lender of debt instruments with substantially different terms is the extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability, or a part of an existing financial liability, is accounted for as an extinguishment of the original financial liability and the recognition of a new one. The terms of a financial liability are considered substantially different if the discounted present value of the cash flows under the new terms is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability. The Group recognises the difference between the carrying amount of a financial liability or part of a financial liability, extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred, or liabilities assumed, as gain or loss in the consolidated statement of profit or loss. When the Group repurchases a part of a financial liability, the Group allocates the previous carry- ing amount of the financial liability between the part that continues to be recognised and the part that is derecognised based on the relative fair values of those parts on the date of the repurchase. Similarly, the Group recognises the difference between the carrying amount allocated to the part derecognised and the consideration paid, including any non-cash assets transferred, or liabilities assumed, for the part derecognised in the consolidated statement of profit or loss . 2.5.20 Provisions, accruals and other liabilities The Group recognises a non-financial liability when there are existing contractual obligations or when it can identify an event that will likely lead to contractual obligations in the future, accompa- nied by a probable economic outflow. Multitude recognises provisions when the following criteria are met: 1.  Present obligation: There must be a present obligation (legal or constructive) as a result of past events; 2. Probable outflow of resources: It is probable (more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation; 3. Reliable estimate: The amount recognised as a provision should represent the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are reviewed at each reporting date, and adjustments are made to reflect the current best estimate. The provision is reversed if it is no longer probable that an outflow of resources will be required to settle the obligation. If the estimate of the provision changes, and it is still probable that an outflow of resources is needed, the change is accounted for as a change in accounting estimate . Other liabilities comprise obligations to pay for goods or services that have been acquired in the ordinary course of business. Other liabilities are recognised initially at fair value and measured subsequently at amortised cost using the EIR. 2.5.21 Equity 2.5.21.1 Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a deduction, net of tax, from the proceeds. The difference between the share par value and the fair value of considerations received in exchange for such shares are accounted for as additional paid-in capital. 2.5.21.2 Treasury shares The Group recognises its equity instruments that are acquired (treasury shares) as a reduction of equity at the cost of acquisition. When cancelled or reissued, the acquisition cost of treasury shares is recognised in retained earnings or other distributable equity reserves. 2.5.21.3 Perpetual bonds The carrying amount of perpetual bonds issued by the Group, classified as an equity instrument, is presented as part of the equity in the consolidated statement of financial position. Transaction costs, interest payments, and principal repayments are deducted directly from retained earnings, net of tax. The nominal amount of the bonds is presented as separate line item within equity in the consolidated statement of financial position. In case of a full or partial redemption of perpetual bonds any premium or discount is also recognised in the retained earnings while nominal amount of redeemed bonds is deducted from the separate line (perpetual bonds) in the consolidated statement of financial position. 2.5.21.4 Unrestricted equity reserve and other reserves The unrestricted equity reserve contains the amount paid for shares in a share issue, while other reserves include Multitude\u2019s legal reserves and foreign currency translation reserve. 2.5.21.5 Dividends The Group declares and pays dividends based on the shareholders' approval at the Annual General Meetings. Dividends are recognised as a liability and as a reduction of equity in the period they are approved. Dividends are measured at the amount of the distribution to shareholders. 2.5.22 Contingent assets and contingent liabilities The Group discloses contingent assets and contingent liabilities such as commitments, guaran- tees, pledges, and other items that do not meet the recognition criteria for an asset or a liability to the extent that the amount can be measured reliably and that upon meeting such measurement criteria. The Group does not disclose contingent assets and contingent liabilities wherein the probability of the occurrence or non-occurrence of one or more uncertain future events that can confirm the existence of the underlying asset or liability is considered remote. At each reporting period, the Group performs a continuous assessment and monitoring of whether underlying events and circumstances give rise to assets and liabilities that require disclosure and recognition in its consolidated statement of financial position. 2.5.23 Offsetting financial instruments Financial assets and financial liabilities are generally reported gross in the consolidated statement of financial position, except when certain criteria are met. Financial assets and financial liabilities are offset, and the net amount is reported in the consolidated statement of financial position if the key conditions are met. The key conditions for offsetting financial instruments include: 1.  Intent and ability to settle net: There must be a current intention and ability to settle the financial instruments on a net basis. This means that the entity intends to settle the amounts due or realise the assets and settle the liabilities simultaneously 2. Legal right to settle net: There must be a legally enforceable right to set off the recognised amounts. This often involves a legal agreement between the parties involved that explicitly permits net settlement. 3. Right to settle on a net basis: The right to set off must apply to the financial instruments indi- vidually or in combination with others and must be exercisable in the normal course of business, not just in the event of default or liquidation. 4. Same counterparty: The financial instruments must be with the same counterparty or with a group of counterparties in a master netting arrangement. 5. Close link between the instruments: There should be a close link between the financial assets and financial liabilities, such as those arising from a master netting arrangement or a similar agreement. Other instruments are only offset and reported net when, in addition to having an unconditional legally enforceable right to offset the recognised amounts without being contingent on a future event, the Group also intends to settle on a net basis in all the following circumstances: 1.  The ordinary course of business. 2. The event of voluntary liquidation of any Group company. 3. The event of insolvency or bankruptcy of any Group company and/or its counterparties. 2.5.24 Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an or- derly transaction between market participants at the measurement date. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest, by using quoted market rates, discounted cash flow analyses and other appropriate valuation models. The Group uses valuation techniques that are appropriate, depending on circumstances and for which sufficient data is available to measure fair value, while maximising the use of relevant observable inputs and minimising the use of unobservable inputs. All financial instruments for which fair values are being measured or disclosed in the consolidated financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 - Quoted (unadjusted) market prices for exchange-traded products in active markets for identical assets or liabilities; Level 2 - Valuation techniques for which significant inputs other than quoted prices are directly or indirectly observable; and Level 3 - Valuation techniques for which significant inputs are unobservable. The Group categorises assets and liabilities that are measured at fair value regularly into an appro- priate level of the fair value hierarchy at the end of each reporting period as presented in Notes 15 and 20 for financial assets and liabilities, respectively . 2.5.25 Impairment of non-financial assets Property, plant and equipment, intangible assets, and right-of-use assets are reviewed for impair- ment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The impairment loss is recognised as other expense in the consolidated statement of profit or loss when the asset\u2019s carrying amount exceeds its recoverable amount, which is the higher of the asset\u2019s fair value less costs of disposal and its value-in-use . 2.5.26 Subsequent events The Group monitors subsequent events or transactions occurring after the end of the reporting period but before its consolidated financial statements are authorised for issue. The Group assesses  whether each subsequent event: - provides evidence of conditions that existed at the end of the reporting period; - constitutes an adjusting event, or whether such subsequent events are indicative of conditions that arose after the reporting period; - constitutes a non-adjusting event.  The Group further assesses whether each identified subsequent event would impact the fair presentation of the Group\u2019s consolidated financial statements, including the accompanying Note disclosures, and accordingly adjusts or discloses the nature, timing, and amount relating to each significant adjusting or non-adjusting subsequent events, respectively. Significant adjusting subsequent events require quantitative adjustment to the financial state- ments while significant non-adjusting subsequent events require qualitative disclosure. Significant subsequent events are reported in the consolidated financial statements if they occur after 31 December 2023 and before 27 March 2024, when Multitude\u2019s Board of Directors authorises the consolidated financial statements (Note 27).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-392": {
   "value": "2.5 Summary of material accounting policies 2.5.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the parent company, and each of those companies over which parent company or another Group company exercises control. Control over an entity exists when the Group is exposed, or has rights, to variable returns from its involvement with the entity and can affect those returns through its power over the entity. When the Group has less than a majority of voting or similar rights in an entity, it considers all relevant facts and circumstances in assessing whether it has power over an entity, including con- tractual arrangements, voting rights and potential voting rights, the relevant activities and how decisions about those activities are made and whether the Group can direct those activities. The Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to the elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. A change in the ownership interest of a subsidiary, without a loss of control, is account- ed for as an equity transaction. When assessing whether to consolidate an entity, the Group evaluates a range of control factors, namely: \u2013 Purpose and design of the entity \u2013 Relevant activities and how these are determined \u2013 Whether the Group\u2019s rights result in the ability to direct the relevant activities \u2013 Whether the Group has exposure or rights to variable returns \u2013 Whether the Group has the ability to use its power to affect the amount of its returns Where voting rights are relevant, the Group is deemed to have control where it holds, directly or indirectly, more than half of the voting rights over an entity unless there is evidence that another investor has the practical ability to unilaterally direct the relevant activities. Potential voting rights that are deemed to be substantive are also considered when assessing control. Likewise, the Group also assesses existence of control where it does not control the majority of the voting power but has the practical ability to unilaterally direct the relevant activities. This may arise in circumstances where the size and dispersion of holdings of the shareholders give the Group the power to direct the activities of the investee. All intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Consistent accounting policies are applied throughout the Group for the purposes of consolidation. At the date that control of a subsidiary is lost, the Group: a) derecognises the assets (including attributable goodwill) and liabilities of the subsidiary at their carrying amounts, b) derecognises the carrying amount of any non-controlling interests in the former subsidiary, c) recognises the fair value of the consideration received and any distribution of the shares of the subsidiary, d) recognises any investment retained in the former subsidiary at its fair value and e) recognises any resulting difference of the above items as a gain or loss in the consolidated statement of profit or loss. There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. On the other hand, the Group also assesses existence of significant influence over other enti- ties (including the cases when ownership share is below 20% and there are other indicators of significant influence). Multitude assesses if there are other indicators of significant influence for each investment like participation in policy making, material transaction, representation on the investee's board. When existence of significant influence can be clearly demonstrated, Multitude considers such entities as associates and accounts for them using the equity method. Under the equity method, the investment is initially recognised at cost in the consolidated statement of financial position. Subsequently, the investment is adjusted for the Group's share of the associate's  post-acquisition profits or losses and other changes in its equity. The Group's share of post- acquisition profits or losses is recognised in the consolidated statement of profit or loss. Any dividends received from the associate reduce the carrying amount of the investment. Invest- ment, share of profit or loss and dividends from associates are recorded as investments accounted for using the equity method in the consolidated statement of financial position. 2.5.2 Functional and presentation currency The items included in the financial statements of each of the Group companies are measured using the currency of the primary economic environment in which the company operates (the \u201cfunctional currency\u201d). On consolidation, the assets and liabilities of Group companies, whose functional currency is other than the EUR, are translated into the presentation currency at the exchange rates prevailing at the end of the reporting period. The income and expenses of these companies are translated into EUR at the average exchange rates for the reporting period. The exchange differences arising from translation for consolidation are recognised as translation differences in the consolidated statement of comprehensive income. 2.5.3 Segment reporting The Group defines operating and reportable segments as business units (Note 6). Operating segments are reported in a manner consistent with the internal reports provided to the Chief  Operating Decision Maker (CODM). The CODM is defined as Group CEO, who is supported by  business unit CEOs. The CODM is responsible for allocating resources and assessing the  performance of the operating segments. The Group\u2019s operating and reportable segments  comprise 100% of the Group\u2019s external income. 2.5.4 Business combinations Business combinations are accounted for using the acquisition method. The consideration  transferred in a business combination is measured as the aggregate of the fair values of the assets transferred, liabilities incurred towards the former owners of the acquired entity or  business, and equity instruments issued. Acquisition-related costs are recognised as expenses in the consolidated statement of profit or loss in the period in which the costs are incurred and the related services are received with the exception of costs directly attributable to the issuance of equity instruments that are accounted for as a deduction from equity. Identifiable assets acquired and liabilities assumed are measured at the acquisition date fair values. The Group elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree\u2019s identifiable net assets on a business combination by business combination basis. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration, classified as an asset or liability that is a financial instrument and within the scope of IFRS 9, is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses . 2.5.5 Non-current assets or disposal groups held for sale and discontinued operations Non-current assets or disposal groups are classified as assets held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the asset, or the disposal group, must be available for immediate sale in its present condition subject only to the usual and customary terms for sales of such assets or dispos- al groups, and the sale must be highly probable. These assets, or in the case of disposal groups, assets and liabilities, are presented separately in the consolidated statement of financial position and measured at the lower of the carrying amount and fair value less costs to sell. Non-current assets classified as held for sale or included in a disposal group classified as held for sale, are not depreciated or amortised. Discontinued operations are reported when a component of the Group, comprising operations and cash flows that can be clearly distinguished both operationally and for financial reporting purposes from the rest of the Group. A discontinued operation is a component of an entity that either has been disposed of, or is classified as held for sale, and (a) represents a separate major line of business or geographical area of operations, (b) is part of a single coordinated plan to dispose of a separate major line of business or geo- graphical area of operations; or (c) is a subsidiary acquired exclusively with a view to resale. Profit or loss from discontinued operations is reported separately from income and expenses from continuing operations in the consolidated statement of profit or loss, with prior periods presented on a comparative basis. Cash flows from discontinued operations are presented separately in the consolidated financial statements and accompanying notes. Intra-group revenues and expenses between continuing and discontinued operations are eliminated. Gain or loss on disposal of subsidiaries that does not qualify as discontinued operations is record- ed in other income or expense in the consolidated statement of profit or loss. 2.5.6 Recognition of interest income/expense and effective interest rate The Group recognises interest income and interest expense by applying an effective interest meth- od (EIR). The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: \u2022  the gross carrying amount of the financial asset; or \u2022  the amortised cost of the financial liability. When calculating the EIR for financial instruments, the Group estimates future cash flows consid- ering all contractual terms of the financial instrument, but not expected credit losses. The EIR, and consequently the amortised cost of the financial asset, is determined by considering transaction costs, any discount or premium on the acquisition of the financial asset, as well as fees and costs integral to the EIR. The EIR calculation accommodates the potential impact of other characteristics of the product life cycle including early repayments and penalty charges . If revisions to the expected cash flows of fixed rate financial assets or liabilities occur for reasons other than credit risk, the changes to future contractual cash flows are discounted at the original EIR, resulting in an adjustment to the carrying amount. The difference with the previous carrying amount is recorded as a positive or negative adjustment to the financial asset or liability's carrying amount in the statement of financial position, with a corresponding increase or decrease in interest income/expense calculated using the effective interest method. In the case of floating rate financial instruments, periodic re-estimation of cash flows to reflect market interest rate movements also impacts the effective interest rate. However, when instru- ments were initially recognised at an amount equal to the principal, re-estimating future interest payments does not significantly affect the carrying amount of the asset or liability. The Group computes interest income on financial assets, excluding those considered credit-im- paired, by applying the EIR to the gross carrying amount of the financial asset. When a financial asset becomes credit-impaired (and is therefore categorised as \u2018Stage 3\u2019), the Group calculates interest income by applying the EIR to the net amortised cost of the financial asset. If the financial asset is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis . 2.5.7 Fee and commission income Fee and commission income and expense that are an integral part of the effective interest rate on a financial asset or liability are included in the effective interest rate calculation and treated as part of effective interest (Note 2.5.6). Fee and commission income that is not considered to be an integral part of the effective interest rate on loans to customers and accounted as per IFRS 15. Fee and commission income is recognised at an amount that reflects the consideration the Group expects to be entitled to in exchange for providing the services. The performance obligations, as well as the timing of their satisfaction, are identified and determined at the inception of the con- tract. When Multitude provides a service to its customers, consideration is invoiced and generally due immediately upon satisfaction of a service provided at a point in time or at the end of the contract period for a service provided over time. 2.5.8 Fair value and foreign exchange gains and losses 2.5.8.1 Recognition of fair value and foreign exchange gains and losses Within this line item, the Group reports unrealised and realised foreign exchange gains and losses on the retranslation of monetary items, as well as all gains and losses arising from fluctuations in fair value of derivatives. Gains and losses arising from fluctuations in the value of the derivatives resulting from foreign currency forward contracts. 2.5.8.2 Transactions and balances in foreign currencies Transactions in foreign currencies are recorded at exchange rates prevailing at the dates of the individual transactions. Monetary assets and liabilities denominated in foreign currency are valued at the exchange rates prevailing at the end of the reporting period. 2.5.9 Personnel expense Post-employment plans: The Group companies have various post-employment plans that follow local regulations and practices in the countries in which they operate. Group companies\u2019 pension plans are generally considered to be defined contribution plans that employees and relevant Group companies fund through pension insurance contracts, local government retirement schemes, and other external post-employment retirement plan arrangements, where the Group does not retain or incur any additional legal or constructive obligations on top of its obligations to make contributions to such plans. These contributions are recognised as part of personnel expense in the consolidated state- ment of profit or loss in the period in which they are incurred. Share-based payments: The Group\u2019s share-based payments granted are classified as equity-settled share-based payment transactions. They are booked as personnel expense and as increases in equity based on the grant date fair value of the options or shares granted. The total expense is recognised over the vesting period, when all of the specified vesting conditions are satisfied.  At the end of each period, the Group revises its estimates of the number of options or shares that are expected to vest based on the vesting and service conditions. The Group recognises the impact of the revision of the original estimates, if any, in profit or loss, with a corresponding adjustment to equity. The cancellation of a share-based payment arrangement is accounted for as an acceleration of vesting, and the Group recognises immediately the amount that would have been settled with employees at the end of the original vesting period. Any payment made to the employee is accounted for as a deduction from equity, except to the extent that the pay- ment exceeds the fair value of the equity instruments granted, measured at the cancellation date. 2.5.10 Other income and expense Gains and losses not arising from the Group\u2019s ordinary course of business, such as those deriving from impairment of non-financial assets, sale and disposal of non-current assets, among others, are recognised under other income/other expense line item in the Group\u2019s consolidated statement of profit or loss. 2.5.11 Income tax expense 2.5.11.1 Recognition of income taxes The income taxes comprise current tax and deferred tax. Income tax benefit or expense is rec- ognised in the consolidated statement of profit or loss, except to the extent that it relates to items recognised in other comprehensive income, or directly in equity. 2.5.11.2 Current taxes Current taxes are based on the results of Group companies and are calculated using local tax regulations and tax rates enacted or substantively enacted at each reporting date. Corporate taxes withheld at the source of the income, on behalf of Group companies, are accounted for in income tax expense financial statement line item, where they are determined to represent tax on profit or loss for the period. 2.5.11.3 Deferred taxes Deferred tax assets and liabilities are determined using the balance sheet method for all tempo- rary differences between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Recognition of deferred tax assets is contingent upon the availability of future taxable profit against which unused tax losses, tax credits, and deductible temporary differences can be utilised in the relevant jurisdictions. The realisability of deferred tax assets is assessed at each reporting date, and adjustments are made if circumstances indicate that these assets are no longer probable to be utilised. Deferred tax liabilities are acknowledged for temporary taxable differences and those arising  between the fair value and the tax base of identifiable net assets acquired in business combinations.  Additionally, deferred tax liabilities are provided for taxable temporary differences arising from investments in subsidiaries, except when the Group controls the timing of the reversal of the  temporary difference, and it is probable that the reversal will not occur in the foreseeable future. The enacted or substantively enacted tax rates as of each reporting date, expected to apply when the asset is realised or the liability is settled, are employed in measuring deferred tax assets and deferred tax liabilities. Deferred tax assets and liabilities are not subject to discounting. The Group regularly assesses positions taken in tax returns concerning situations where applicable tax regulations are subject to interpretation. Adjustments to the recorded amounts of current and deferred tax assets and  liabilities are made when it is considered probable, i.e., more likely than not, that certain tax  positions may not be fully sustained upon review by tax authorities. The recorded amounts are based on the most likely amount or the expected value, depending on the method that the Group expects to predict the uncertainty's resolution better.  Deferred tax related to assets and liabilities arising from a single transaction that, on initial  recognition, give rise to equal amounts of taxable and deductible temporary differences, will  require the recognition of deferred tax assets and liabilities in equal amounts. Deferred tax assets and deferred tax liabilities are offset for presentation purposes if, and only if: a) when there is a legally enforceable right to set off current tax assets against current tax liabilities; b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities, which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously in each future period where significant amounts of deferred tax liabilities or deferred tax assets are expected to be settled or recovered. 2.5.12 Cash and cash equivalents Cash and cash equivalents include cash at banks and on hand, as well as short-term highly liquid investments that are readily convertible to known amounts of cash with the maturities at the acquisition of three months or less, as well as bank deposits with maturities or contractual call periods at the acquisition of three months or less. Bank deposits that are set aside as collateral to fund the Group\u2019s forward contracts and do not meet the definition of cash and cash equivalents, are classified as financial assets at amortised cost and presented as receivables from banks under other financial assets in the consolidated statement of financial position. 2.5.13 Derivative financial instruments The Group's risk management policy includes foreign currency forward contracts. All derivatives arising from such contracts are recognised initially at fair value when a derivative contract is en- tered into and subsequently remeasured at fair value. Derivative financial assets and derivative financial liabilities are presented in the assets and liabilities sections of the consolidated statement of financial position, respectively. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Discounted Cash Flow (DCF) models are used to determine the fair values of over-the- counter derivatives which comprise foreign currency forward contracts. This involves projecting future cash flows, discounting them back to present value using a rate that considers risk factors, and calculating the fair value. Foreign currency forward contracts are valued at market-forward exchange rates. Changes in fair value are measured by comparing these rates with the original contract-forward rate. The Group does not apply hedge accounting. As a result, realised and unrealised gains and losses  arising from changes in fair values of the derivative financial assets and liabilities during the  financial period are recognised as fair value and foreign exchange gains and losses in the Group\u2019s consolidated statement of profit or loss as described in Note 2.5.8.1. 2.5.14 Financial assets 2.5.14.1 Initial recognition and measurement of financial assets The Group recognises a financial asset in its statement of financial position when it becomes a party to the contractual provisions of the instrument. Regular purchases and sales of financial assets are recognised on the settlement date, which is the date on which the Group purchases or sells the asset.  At initial recognition, the Group measures a financial asset at its fair value plus or minus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are incre- mental and directly attributable to the acquisition or issue of the financial asset, such as fees and commissions. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Immediately after initial recognition, an expected credit loss allowance (ECL) is recognised for financial assets measured at amortised cost which results in an accounting loss being recognised in profit or loss when an asset is newly originated. When the fair value of financial assets differs from the transaction price on initial recognition, the Group recognises the difference as follows:  \u2022 When the fair value is evidenced by a quoted price in an active market for an identical asset (i.e. a Level 1 input) or based on a valuation technique that uses only data from observable markets, the difference is recognised as a gain or loss. \u2022 In all other cases, the difference is deferred and the timing of recognition of deferred day one profit or loss is determined individually. It is either amortised over the life of the instrument, deferred until the instrument's fair value can be determined using market observable inputs, or realised through settlement. 2.5.14.2 Classification and subsequent measurement of financial assets The Group classifies its financial assets as financial assets subsequently measured at amortised cost (carrying amount less expected credit losses), financial assets measured at fair value with changes recognised through other comprehensive income (\"FVOCI\"), and financial assets mea- sured at fair value with changes recognised through profit and loss (\"FVPL\"). The appropriate category is selected based on 1.  the Group\u2019s business model for managing the financial asset and, 2. the contractual cash flow characteristics of the asset. The Group\u2019s business model for managing financial assets is assessed at the portfolio level as this best reflects how the business and financial assets are managed to generate cash flows. Similarly, the Group assesses contractual cash flow characteristics of financial assets at the portfolio level, and where applicable, at the individual product level. There are three business models available: \u2022 Hold to Collect - Financial assets held with the objective of collecting contractual cash flows. These financial assets are subsequently measured at amortised cost and are recorded in multiple lines on the Group\u2019s consolidated statement of financial position. \u2022 Hold to Collect and Sell - Financial assets held with the objective of both collecting contractual cash flows and selling financial assets. They are recorded as financial assets at fair value through other comprehensive income on the Group\u2019s consolidated statement of financial position. \u2022 Other  - Financial assets that do not meet the criteria of either \u201cHold to Collect\u201d or \u201cHold to Collect and Sell\u201d. They are recorded as financial assets at fair value through profit or loss on the Group\u2019s consolidated statement of financial position. The assessment of the business model requires judgement based on facts and circumstances upon initial recognition. As part of this assessment, the Group considers quantitative factors (e.g., the expected frequency and volume of sales) and qualitative factors such as how the performance of the business model and the financial assets held within that business model are evaluated and reported to the Leadership Team. In addition to taking into consideration the risks that affect the performance of the business model and the financial assets held within that business model, in particular, how those market and credit risks are managed; and how managers of the business are compensated (e.g., whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected). This assessment results in an asset being classified in either a Hold to Collect, Hold to Collect and Sell or Other business model. If the Group holds a financial asset either in a Hold to Collect or a Hold to Collect and Sell busi- ness model, then an assessment at initial recognition to determine whether the contractual cash flows of the financial asset are Solely payments of principal and interest (SPPI) test is required to determine the financial asset classification. Contractual cash flows that are SPPI compliant, are consistent with a basic lending arrangement. Principal for the purpose of this test is defined as the fair value of the financial asset at initial rec- ognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortisation of the premium/discount). Interest in a basic lending arrangement is consideration for the time value of money and the credit risk associated with the principal amount outstanding during a particular period of time. It can also include consideration for other basic lending risks (e.g., liquidity risk) and costs (e.g., administrative costs) associated with holding the financial asset for a particular period of time; and a profit margin that is consistent with a basic lending arrangement. In contrast, contractual terms that introduce a more than de minimis exposure to risks or volatility in the contractual cash flows that are unrelated to a basic lending arrangement do not give rise to contractual cash flows that are solely payments of principal and interest on the amount outstand- ing. In such cases, the financial asset is required to be measured at FVPL . Categories of financial assets include the following: 1.  Financial assets measured at amortised cost are debt instruments held within a Hold to Collect business model and for which the contractual cash flows are SPPI compliant. The Group\u2019s finan- cial assets measured at amortised cost include loans to customers, cash and cash equivalents, receivables from sold portfolio, receivables from banks, debt investments and other financial assets from third parties. Under this measurement category, the financial asset is measured at fair value at initial recognition. Subsequently the carrying amount is reduced for principal payments, plus or minus the cumulative amortisation using the effective interest method. After initial measurement, the Group determines loss allowances related to financial assets, using the expected credit loss (\"ECL\") model. The Group\u2019s ECL model, inputs, and assumptions are dis- closed in Note 3.2. Financial assets measured at amortised cost are recognised on a settlement date basis. 2. Financial assets measured at FVOCI are debt instruments, that are held in a Hold to Collect and Sell business model and for which the contractual cash flows are SPPI compliant or equity instruments that would otherwise be classified as financial assets at FVPL that are irrevocably designated as financial assets at FVOCI at initial recognition. Equity instruments are instruments that meet the definition of equity from the issuer's perspective, that is, instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer's net assets. Financial assets classified as FVOCI are recognised or derecognised on settlement date. This category is expected to have limited usage by the Group and has not been used to date. 3. Financial assets are classified at fair value through profit or loss if they are held in the Other business model because they are either held for trading or because they do not meet the criteria for Hold to Collect or Hold to Collect and Sell. In addition, they include financial assets that meet the criteria for Hold to Collect or Hold to Collect and Sell business model but fail the SPPI test, or where the Group designates the financial assets under the fair value option. The Group\u2019s financial assets at FVPL consist of derivative financial assets that are used to hedge the cash flow impact of changes in exchange rates, and as a result, do not fall in either of the preceding categories. 2.5.14.3 Modification of contractual cash flows of financial assets A modification occurs when there is a change in the contractual cash flows of a financial asset due to modifications or renegotiations to the terms and conditions of the underlying loan agreement with the borrower. These modifications can take different forms, can happen at different stages during the maturity period of the loan.  Taking cognisance of the nature of the modifications granted by the Group (Note 4.2.8), given that the terms are not substantially different, the modification is not expected to result in derecogni- tion, and the Group recalculates the gross carrying amount based on the revised cash flows of the financial asset and recognises a modification gain or loss in profit or loss if material. If the terms are substantially different, the Group derecognises the original financial asset and recognises a 'new' asset at fair value and recalculates a new effective interest rate for the asset. The date of renegotiation is consequently considered to be the date of initial recognition for im- pairment calculation purposes, including for the purpose of determining whether a significant increase in credit risk has occurred. However, the Group would also assess whether the new financial asset recognised is deemed to be credit-impaired at initial recognition, especially in circumstances where the renegotiation was driven by the debtor being unable to make the originally agreed payments. Differences in the carrying amount would also be recognised in profit or loss as a gain or loss on derecognition. The new gross carrying amount is recalculated by discounting the modified cash flows at the original EIR (or credit-adjusted effective interest rate for purchased or originated credit-impaired financial assets) . 2.5.14.4 Derecognition of financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of the consideration received (including any new asset obtained less any new liability assumed) is rec- ognised in the consolidated statement of profit or loss. If an existing financial asset is replaced by another asset from the same counterparty on sub- stantially different terms, or if the terms of the financial asset are substantially modified (due to forbearance measures or otherwise), the existing financial asset is derecognised and a new asset is recognised. Any difference between the respective carrying amounts is recognised in the consolidated statement of profit or loss . 2.5.15 Prepaid expenses and other assets Prepaid expenses refer to payments made in advance for goods or services that a company will receive in the future. These payments create a right to receive future economic benefits. As such, they are recognised as assets until the related goods or services are consumed or the economic benefits are realised. Once consumed or realised, the prepaid expense is then recognised as an expense in the consolidated statement of profit or loss. 2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition . Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of  future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. 2.5.17 Leases The Group\u2019s lease agreements primarily relate to leases of office buildings and equipment. At contract inception, the Group assesses whether a contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration and, accordingly, recognises a right-of-use asset and a lease liability for all leases with a lease term exceeding 12 months. The commencement date is when the lessor makes the underlying leased asset available for use by the Group. The Group companies generally enter into lease contracts that have a lease term varying between 1 and 5 years with a prolongation option of a similar range. The Group companies make assumptions on expected lease term that include prolongation option (Note 3.5). The Group applies the practical expedient whereby leases for which the lease term is 12 months or less at the lease commencement date (short-term leases) are not recognised in its consolidated statement of financial position. Instead, the Group recognises the lease payments associated with short-term leases as an operating expense on a straight-line basis over the lease term. At the same time, the Group recognises lease payments as an operating expense in the case of leases for which the underlying asset is of low value. Other payments for non-lease components (e.g., property tax- es, insurance payments and property service costs), are recognised as an expense when incurred. Right-of-use asset: The right-of-use asset is initially measured at cost, which includes the amount of the initial mea- surement of the lease liability, any lease payments made at or before the commencement date, and estimated restoration costs of the leased asset to the condition required by the contract at the end of the lease period, less any lease incentives and any initial direct costs incurred. After initial measurement, right-of-use assets are measured at cost less any accumulated depre- ciation and any accumulated impairment losses and adjusted for certain remeasurements of the lease liability. The right-of-use asset is depreciated using the straight-line method, from the com- mencement date to the earlier of the end of the contractual lease term, or the estimated useful economic lives of the right-of-use assets, as follows: Office buildings: 3 \u2013 6 years Office equipment: 3 \u2013 4 years The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options, including extension periods of open-ended contracts. The Group reassesses whether it is reasonably certain to exercise the options and extension periods if there is a significant event or significant changes in circumstances within its control. Lease liability: At the commencement date, lease liabilities are measured at the present value of lease payments to be made over the lease term. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, as well as any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The lease payments include fixed lease payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and appropriate termination fees whenever the lease term is determined based on the expectation that the Group will exercise its option to terminate. The Group does not generally enter into lease contracts with variable lease payments linked to future performance or use of an underlying asset. Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. Incremental borrowing rate: The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. This rate is calculated at the beginning of the lease and is unique for every Group company - lessee (Note 3.6). 2.5.18 Property, plant and equipment Property, plant and equipment are recognised in the financial statements at their carrying amount, equal to the cost of acquisition less cumulative depreciation, and where applica- ble, accumulated impairment. The acquisition cost includes costs directly attributable to the  acquisition of the asset. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are recognised as expense in the consolidated statement of profit or loss when they are incurred. Property, plant and equipment are depreciated using the straight-line method towards their residual values and over their estimated useful lives, as follows: Office renovations: 3 \u2013 8 years Furnitures, fittings, and equipment: 3 \u2013 8 years If appropriate the asset\u2019s residual value and useful life are reviewed and adjusted at the end of each reporting period. Gain or loss on disposal is determined as the difference between the net disposal proceeds and the carrying amount. The gain or loss from disposal is recognised in other expense line item in the consolidated statement of profit or loss . 2.5.19 Financial liabilities 2.5.19.1 Initial recognition and measurement of financial liabilities The Group recognises a financial liability on its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group generally recognises financial liabilities on initial measurement at their fair value including transaction costs, and subsequently measures them at amortised cost using the effective interest method, with resulting interest ex- pense recognised as an interest expense in the consolidated statement of profit or loss, except for financial liabilities at FVPL, which are initially measured at fair value, excluding directly attributable transaction costs, and after that are carried at fair value, with changes in fair value recognised through profit or loss. The Group\u2019s financial liabilities at FVPL consist of derivative financial liabili- ties used to hedge the cash flow impact of changes in exchange rates. At initial recognition, the Group assesses whether an issued debt instrument should be classified as an equity instrument. The Group considers all relevant contractual terms to determine whether the instrument does not include a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or liabilities with another entity under conditions that are potentially unfavourable to the Group. In applying these criteria, the Group considers that discretionary payments of the principal amount, or any interests thereon, to the holders of the issued instrument do not constitute a contractual obligation and hence are recognised as movement in equity. 2.5.19.2 Classification and subsequent measurement of financial liabilities Financial liabilities are classified as subsequently measured at amortised cost, except for: \u2022  Financial liabilities at fair value through profit or loss: this classification is applied to derivatives; and \u2022  Loan commitments. The Group generally classifies all its issued debt securities as financial liabilities subsequently mea- sured at amortised cost. The Group\u2019s financial liabilities measured at amortised cost consist of debt securities, deposits from customers, lease liabilities, and other liabilities that will be extinguished through cash payments. 2.5.19.3 Modification of financial liabilities When the modification of the terms of an existing financial liability is not judged to be substantial and, consequently, does not result in derecognition, the amortised cost of the financial liability is recalculated by computing the present value of estimated future contractual cash flows that are discounted at the financial liability\u2019s original EIR. Any resulting difference is recognised immedi- ately in profit or loss. 2.5.19.4 Derecognition of financial liabilities The Group derecognises a financial liability, or portion of a financial liability, when its contractual obligations that comprise the financial liability are discharged, cancelled or expired . An exchange between the Group and the lender of debt instruments with substantially different terms is the extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability, or a part of an existing financial liability, is accounted for as an extinguishment of the original financial liability and the recognition of a new one. The terms of a financial liability are considered substantially different if the discounted present value of the cash flows under the new terms is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability. The Group recognises the difference between the carrying amount of a financial liability or part of a financial liability, extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred, or liabilities assumed, as gain or loss in the consolidated statement of profit or loss. When the Group repurchases a part of a financial liability, the Group allocates the previous carry- ing amount of the financial liability between the part that continues to be recognised and the part that is derecognised based on the relative fair values of those parts on the date of the repurchase. Similarly, the Group recognises the difference between the carrying amount allocated to the part derecognised and the consideration paid, including any non-cash assets transferred, or liabilities assumed, for the part derecognised in the consolidated statement of profit or loss . 2.5.20 Provisions, accruals and other liabilities The Group recognises a non-financial liability when there are existing contractual obligations or when it can identify an event that will likely lead to contractual obligations in the future, accompa- nied by a probable economic outflow. Multitude recognises provisions when the following criteria are met: 1.  Present obligation: There must be a present obligation (legal or constructive) as a result of past events; 2. Probable outflow of resources: It is probable (more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation; 3. Reliable estimate: The amount recognised as a provision should represent the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are reviewed at each reporting date, and adjustments are made to reflect the current best estimate. The provision is reversed if it is no longer probable that an outflow of resources will be required to settle the obligation. If the estimate of the provision changes, and it is still probable that an outflow of resources is needed, the change is accounted for as a change in accounting estimate . Other liabilities comprise obligations to pay for goods or services that have been acquired in the ordinary course of business. Other liabilities are recognised initially at fair value and measured subsequently at amortised cost using the EIR. 2.5.21 Equity 2.5.21.1 Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a deduction, net of tax, from the proceeds. The difference between the share par value and the fair value of considerations received in exchange for such shares are accounted for as additional paid-in capital. 2.5.21.2 Treasury shares The Group recognises its equity instruments that are acquired (treasury shares) as a reduction of equity at the cost of acquisition. When cancelled or reissued, the acquisition cost of treasury shares is recognised in retained earnings or other distributable equity reserves. 2.5.21.3 Perpetual bonds The carrying amount of perpetual bonds issued by the Group, classified as an equity instrument, is presented as part of the equity in the consolidated statement of financial position. Transaction costs, interest payments, and principal repayments are deducted directly from retained earnings, net of tax. The nominal amount of the bonds is presented as separate line item within equity in the consolidated statement of financial position. In case of a full or partial redemption of perpetual bonds any premium or discount is also recognised in the retained earnings while nominal amount of redeemed bonds is deducted from the separate line (perpetual bonds) in the consolidated statement of financial position. 2.5.21.4 Unrestricted equity reserve and other reserves The unrestricted equity reserve contains the amount paid for shares in a share issue, while other reserves include Multitude\u2019s legal reserves and foreign currency translation reserve. 2.5.21.5 Dividends The Group declares and pays dividends based on the shareholders' approval at the Annual General Meetings. Dividends are recognised as a liability and as a reduction of equity in the period they are approved. Dividends are measured at the amount of the distribution to shareholders. 2.5.22 Contingent assets and contingent liabilities The Group discloses contingent assets and contingent liabilities such as commitments, guaran- tees, pledges, and other items that do not meet the recognition criteria for an asset or a liability to the extent that the amount can be measured reliably and that upon meeting such measurement criteria. The Group does not disclose contingent assets and contingent liabilities wherein the probability of the occurrence or non-occurrence of one or more uncertain future events that can confirm the existence of the underlying asset or liability is considered remote. At each reporting period, the Group performs a continuous assessment and monitoring of whether underlying events and circumstances give rise to assets and liabilities that require disclosure and recognition in its consolidated statement of financial position. 2.5.23 Offsetting financial instruments Financial assets and financial liabilities are generally reported gross in the consolidated statement of financial position, except when certain criteria are met. Financial assets and financial liabilities are offset, and the net amount is reported in the consolidated statement of financial position if the key conditions are met. The key conditions for offsetting financial instruments include: 1.  Intent and ability to settle net: There must be a current intention and ability to settle the financial instruments on a net basis. This means that the entity intends to settle the amounts due or realise the assets and settle the liabilities simultaneously . 2. Legal right to settle net: There must be a legally enforceable right to set off the recognised amounts. This often involves a legal agreement between the parties involved that explicitly permits net settlement. 3. Right to settle on a net basis: The right to set off must apply to the financial instruments indi- vidually or in combination with others and must be exercisable in the normal course of business, not just in the event of default or liquidation. 4. Same counterparty: The financial instruments must be with the same counterparty or with a group of counterparties in a master netting arrangement. 5. Close link between the instruments: There should be a close link between the financial assets and financial liabilities, such as those arising from a master netting arrangement or a similar agreement. Other instruments are only offset and reported net when, in addition to having an unconditional legally enforceable right to offset the recognised amounts without being contingent on a future event, the Group also intends to settle on a net basis in all the following circumstances: 1.  The ordinary course of business. 2. The event of voluntary liquidation of any Group company. 3. The event of insolvency or bankruptcy of any Group company and/or its counterparties. 2.5.24 Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an or- derly transaction between market participants at the measurement date. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest, by using quoted market rates, discounted cash flow analyses and other appropriate valuation models. The Group uses valuation techniques that are appropriate, depending on circumstances and for which sufficient data is available to measure fair value, while maximising the use of relevant observable inputs and minimising the use of unobservable inputs. All financial instruments for which fair values are being measured or disclosed in the consolidated financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 - Quoted (unadjusted) market prices for exchange-traded products in active markets for identical assets or liabilities; Level 2 - Valuation techniques for which significant inputs other than quoted prices are directly or indirectly observable; and Level 3 - Valuation techniques for which significant inputs are unobservable. The Group categorises assets and liabilities that are measured at fair value regularly into an appro- priate level of the fair value hierarchy at the end of each reporting period as presented in Notes 15 and 20 for financial assets and liabilities, respectively . 2.5.25 Impairment of non-financial assets Property, plant and equipment, intangible assets, and right-of-use assets are reviewed for impair- ment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The impairment loss is recognised as other expense in the consolidated statement of profit or loss when the asset\u2019s carrying amount exceeds its recoverable amount, which is the higher of the asset\u2019s fair value less costs of disposal and its value-in-use . 2.5.26 Subsequent events The Group monitors subsequent events or transactions occurring after the end of the reporting period but before its consolidated financial statements are authorised for issue. The Group assesses  whether each subsequent event: - provides evidence of conditions that existed at the end of the reporting period; - constitutes an adjusting event, or whether such subsequent events are indicative of conditions that arose after the reporting period; - constitutes a non-adjusting event.  The Group further assesses whether each identified subsequent event would impact the fair presentation of the Group\u2019s consolidated financial statements, including the accompanying Note disclosures, and accordingly adjusts or discloses the nature, timing, and amount relating to each significant adjusting or non-adjusting subsequent events, respectively. Significant adjusting subsequent events require quantitative adjustment to the financial state- ments while significant non-adjusting subsequent events require qualitative disclosure. Significant subsequent events are reported in the consolidated financial statements if they occur after 31 December 2023 and before 27 March 2024, when Multitude\u2019s Board of Directors authorises the consolidated financial statements (Note 27).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-393": {
   "value": "2.5.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the parent company, and each of those companies over which parent company or another Group company exercises control. Control over an entity exists when the Group is exposed, or has rights, to variable returns from its involvement with the entity and can affect those returns through its power over the entity. When the Group has less than a majority of voting or similar rights in an entity, it considers all relevant facts and circumstances in assessing whether it has power over an entity, including con- tractual arrangements, voting rights and potential voting rights, the relevant activities and how decisions about those activities are made and whether the Group can direct those activities. The  Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to the elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. A change in the ownership interest of a subsidiary, without a loss of control, is account- ed for as an equity transaction. When assessing whether to consolidate an entity, the Group evaluates a range of control factors, namely: \u2013 Purpose and design of the entity \u2013 Relevant activities and how these are determined \u2013 Whether the Group\u2019s rights result in the ability to direct the relevant activities \u2013 Whether the Group has exposure or rights to variable returns \u2013 Whether the Group has the ability to use its power to affect the amount of its returns Where voting rights are relevant, the Group is deemed to have control where it holds, directly or indirectly, more than half of the voting rights over an entity unless there is evidence that another investor has the practical ability to unilaterally direct the relevant activities. Potential voting rights that are deemed to be substantive are also considered when assessing control. Likewise, the Group also assesses existence of control where it does not control the majority of the voting power but has the practical ability to unilaterally direct the relevant activities. This may arise in circumstances where the size and dispersion of holdings of the shareholders give the Group the power to direct the activities of the investee. All intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Consistent accounting policies are applied throughout the Group for the purposes of consolidation. At the date that control of a subsidiary is lost, the Group: a) derecognises the assets (including attributable goodwill) and liabilities of the subsidiary at their carrying amounts, b) derecognises the carrying amount of any non-controlling interests in the former subsidiary, c) recognises the fair value of the consideration received and any distribution of the shares of the subsidiary, d) recognises any investment retained in the former subsidiary at its fair value and e) recognises any resulting difference of the above items as a gain or loss in the consolidated statement of profit or loss. There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. On the other hand, the Group also assesses existence of significant influence over other enti- ties (including the cases when ownership share is below 20% and there are other indicators of significant influence). Multitude assesses if there are other indicators of significant influence for each investment like participation in policy making, material transaction, representation on the investee's board. When existence of significant influence can be clearly demonstrated, Multitude considers such entities as associates and accounts for them using the equity method. Under the equity method, the investment is initially recognised at cost in the consolidated statement of financial position. Subsequently, the investment is adjusted for the Group's share of the associate's  post-acquisition profits or losses and other changes in its equity. The Group's share of post- acquisition profits or losses is recognised in the consolidated statement of profit or loss. Any dividends received from the associate reduce the carrying amount of the investment. Invest- ment, share of profit or loss and dividends from associates are recorded as investments accounted for using the equity method in the consolidated statement of financial position. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-394": {
   "value": "2.5.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the parent company, and each of those companies over which parent company or another Group company exercises control. Control over an entity exists when the Group is exposed, or has rights, to variable returns from its involvement with the entity and can affect those returns through its power over the entity. When the Group has less than a majority of voting or similar rights in an entity, it considers all relevant facts and circumstances in assessing whether it has power over an entity, including con- tractual arrangements, voting rights and potential voting rights, the relevant activities and how decisions about those activities are made and whether the Group can direct those activities. The Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to the elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. A change in the ownership interest of a subsidiary, without a loss of control, is account- ed for as an equity transaction. When assessing whether to consolidate an entity, the Group evaluates a range of control factors, namely: \u2013 Purpose and design of the entity \u2013 Relevant activities and how these are determined \u2013 Whether the Group\u2019s rights result in the ability to direct the relevant activities \u2013 Whether the Group has exposure or rights to variable returns \u2013 Whether the Group has the ability to use its power to affect the amount of its returns Where voting rights are relevant, the Group is deemed to have control where it holds, directly or indirectly, more than half of the voting rights over an entity unless there is evidence that another investor has the practical ability to unilaterally direct the relevant activities. Potential voting rights that are deemed to be substantive are also considered when assessing control. Likewise, the Group also assesses existence of control where it does not control the majority of the voting power but has the practical ability to unilaterally direct the relevant activities. This may arise in circumstances where the size and dispersion of holdings of the shareholders give the Group the power to direct the activities of the investee. All intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Consistent accounting policies are applied throughout the Group for the purposes of consolidation. At the date that control of a subsidiary is lost, the Group: a) derecognises the assets (including attributable goodwill) and liabilities of the subsidiary at their carrying amounts, b) derecognises the carrying amount of any non-controlling interests in the former subsidiary, c) recognises the fair value of the consideration received and any distribution of the shares of the subsidiary, d) recognises any investment retained in the former subsidiary at its fair value and e) recognises any resulting difference of the above items as a gain or loss in the consolidated statement of profit or loss. There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. On the other hand, the Group also assesses existence of significant influence over other enti- ties (including the cases when ownership share is below 20% and there are other indicators of significant influence). Multitude assesses if there are other indicators of significant influence for each investment like participation in policy making, material transaction, representation on the investee's board. When existence of significant influence can be clearly demonstrated, Multitude considers such entities as associates and accounts for them using the equity method. Under the equity method, the investment is initially recognised at cost in the consolidated statement of financial position. Subsequently, the investment is adjusted for the Group's share of the associate's  post-acquisition profits or losses and other changes in its equity. The Group's share of post- acquisition profits or losses is recognised in the consolidated statement of profit or loss. Any dividends received from the associate reduce the carrying amount of the investment. Invest- ment, share of profit or loss and dividends from associates are recorded as investments accounted for using the equity method in the consolidated statement of financial position. 2.5.4 Business combinations Business combinations are accounted for using the acquisition method. The consideration  transferred in a business combination is measured as the aggregate of the fair values of the assets transferred, liabilities incurred towards the former owners of the acquired entity or  business, and equity instruments issued. Acquisition-related costs are recognised as expenses in the consolidated statement of profit or loss in the period in which the costs are incurred and the related services are received with the exception of costs directly attributable to the issuance of equity instruments that are accounted for as a deduction from equity. Identifiable assets acquired and liabilities assumed are measured at the acquisition date fair values. The Group elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree\u2019s identifiable net assets on a business combination by business combination basis. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration, classified as an asset or liability that is a financial instrument and within the scope of IFRS 9, is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-395": {
   "value": "2.5.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the parent company, and each of those companies over which parent company or another Group company exercises control. Control over an entity exists when the Group is exposed, or has rights, to variable returns from its involvement with the entity and can affect those returns through its power over the entity. When the Group has less than a majority of voting or similar rights in an entity, it considers all relevant facts and circumstances in assessing whether it has power over an entity, including con- tractual arrangements, voting rights and potential voting rights, the relevant activities and how decisions about those activities are made and whether the Group can direct those activities. The Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to the elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. A change in the ownership interest of a subsidiary, without a loss of control, is account- ed for as an equity transaction. When assessing whether to consolidate an entity, the Group evaluates a range of control factors, namely: \u2013 Purpose and design of the entity \u2013 Relevant activities and how these are determined \u2013 Whether the Group\u2019s rights result in the ability to direct the relevant activities \u2013 Whether the Group has exposure or rights to variable returns \u2013 Whether the Group has the ability to use its power to affect the amount of its returns Where voting rights are relevant, the Group is deemed to have control where it holds, directly or indirectly, more than half of the voting rights over an entity unless there is evidence that another investor has the practical ability to unilaterally direct the relevant activities. Potential voting rights that are deemed to be substantive are also considered when assessing control. Likewise, the Group also assesses existence of control where it does not control the majority of the voting power but has the practical ability to unilaterally direct the relevant activities. This may arise in circumstances where the size and dispersion of holdings of the shareholders give the Group the power to direct the activities of the investee. All intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Consistent accounting policies are applied throughout the Group for the purposes of consolidation. At the date that control of a subsidiary is lost, the Group: a) derecognises the assets (including attributable goodwill) and liabilities of the subsidiary at their carrying amounts, b) derecognises the carrying amount of any non-controlling interests in the former subsidiary, c) recognises the fair value of the consideration received and any distribution of the shares of the subsidiary, d) recognises any investment retained in the former subsidiary at its fair value and e) recognises any resulting difference of the above items as a gain or loss in the consolidated statement of profit or loss. There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. On the other hand, the Group also assesses existence of significant influence over other enti- ties (including the cases when ownership share is below 20% and there are other indicators of significant influence). Multitude assesses if there are other indicators of significant influence for each investment like participation in policy making, material transaction, representation on the investee's board. When existence of significant influence can be clearly demonstrated, Multitude considers such entities as associates and accounts for them using the equity method. Under the equity method, the investment is initially recognised at cost in the consolidated statement of financial position. Subsequently, the investment is adjusted for the Group's share of the associate's  post-acquisition profits or losses and other changes in its equity. The Group's share of post- acquisition profits or losses is recognised in the consolidated statement of profit or loss. Any dividends received from the associate reduce the carrying amount of the investment. Invest- ment, share of profit or loss and dividends from associates are recorded as investments accounted for using the equity method in the consolidated statement of financial position. 2.5.4 Business combinations Business combinations are accounted for using the acquisition method. The consideration  transferred in a business combination is measured as the aggregate of the fair values of the assets transferred, liabilities incurred towards the former owners of the acquired entity or  business, and equity instruments issued. Acquisition-related costs are recognised as expenses in the consolidated statement of profit or loss in the period in which the costs are incurred and the related services are received with the exception of costs directly attributable to the issuance of equity instruments that are accounted for as a deduction from equity. Identifiable assets acquired and liabilities assumed are measured at the acquisition date fair values. The Group elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree\u2019s identifiable net assets on a business combination by business combination basis. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration, classified as an asset or liability that is a financial instrument and within the scope of IFRS 9, is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-396": {
   "value": "2.5.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the parent company, and each of those companies over which parent company or another Group company exercises control. Control over an entity exists when the Group is exposed, or has rights, to variable returns from its involvement with the entity and can affect those returns through its power over the entity. When the Group has less than a majority of voting or similar rights in an entity, it considers all relevant facts and circumstances in assessing whether it has power over an entity, including con- tractual arrangements, voting rights and potential voting rights, the relevant activities and how decisions about those activities are made and whether the Group can direct those activities. The Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to the elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. A change in the ownership interest of a subsidiary, without a loss of control, is account- ed for as an equity transaction. When assessing whether to consolidate an entity, the Group evaluates a range of control factors, namely: \u2013 Purpose and design of the entity \u2013 Relevant activities and how these are determined \u2013 Whether the Group\u2019s rights result in the ability to direct the relevant activities \u2013 Whether the Group has exposure or rights to variable returns \u2013 Whether the Group has the ability to use its power to affect the amount of its returns Where voting rights are relevant, the Group is deemed to have control where it holds, directly or indirectly, more than half of the voting rights over an entity unless there is evidence that another investor has the practical ability to unilaterally direct the relevant activities. Potential voting rights that are deemed to be substantive are also considered when assessing control. Likewise, the Group also assesses existence of control where it does not control the majority of the voting power but has the practical ability to unilaterally direct the relevant activities. This may arise in circumstances where the size and dispersion of holdings of the shareholders give the Group the power to direct the activities of the investee. All intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Consistent accounting policies are applied throughout the Group for the purposes of consolidation. At the date that control of a subsidiary is lost, the Group: a) derecognises the assets (including attributable goodwill) and liabilities of the subsidiary at their carrying amounts, b) derecognises the carrying amount of any non-controlling interests in the former subsidiary, c) recognises the fair value of the consideration received and any distribution of the shares of the subsidiary, d) recognises any investment retained in the former subsidiary at its fair value and e) recognises any resulting difference of the above items as a gain or loss in the consolidated statement of profit or loss. There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. On the other hand, the Group also assesses existence of significant influence over other enti- ties (including the cases when ownership share is below 20% and there are other indicators of significant influence). Multitude assesses if there are other indicators of significant influence for each investment like participation in policy making, material transaction, representation on the investee's board. When existence of significant influence can be clearly demonstrated, Multitude considers such entities as associates and accounts for them using the equity method. Under the equity method, the investment is initially recognised at cost in the consolidated statement of financial position. Subsequently, the investment is adjusted for the Group's share of the associate's  post-acquisition profits or losses and other changes in its equity. The Group's share of post- acquisition profits or losses is recognised in the consolidated statement of profit or loss. Any dividends received from the associate reduce the carrying amount of the investment. Invest- ment, share of profit or loss and dividends from associates are recorded as investments accounted for using the equity method in the consolidated statement of financial position. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-397": {
   "value": "2.5.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the parent company, and each of those companies over which parent company or another Group company exercises control. Control over an entity exists when the Group is exposed, or has rights, to variable returns from its involvement with the entity and can affect those returns through its power over the entity. When the Group has less than a majority of voting or similar rights in an entity, it considers all relevant facts and circumstances in assessing whether it has power over an entity, including con- tractual arrangements, voting rights and potential voting rights, the relevant activities and how decisions about those activities are made and whether the Group can direct those activities. The Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to the elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. A change in the ownership interest of a subsidiary, without a loss of control, is account- ed for as an equity transaction. When assessing whether to consolidate an entity, the Group evaluates a range of control factors, namely: \u2013 Purpose and design of the entity \u2013 Relevant activities and how these are determined \u2013 Whether the Group\u2019s rights result in the ability to direct the relevant activities \u2013 Whether the Group has exposure or rights to variable returns \u2013 Whether the Group has the ability to use its power to affect the amount of its returns Where voting rights are relevant, the Group is deemed to have control where it holds, directly or indirectly, more than half of the voting rights over an entity unless there is evidence that another investor has the practical ability to unilaterally direct the relevant activities. Potential voting rights that are deemed to be substantive are also considered when assessing control. Likewise, the Group also assesses existence of control where it does not control the majority of the voting power but has the practical ability to unilaterally direct the relevant activities. This may arise in circumstances where the size and dispersion of holdings of the shareholders give the Group the power to direct the activities of the investee. All intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Consistent accounting policies are applied throughout the Group for the purposes of consolidation. At the date that control of a subsidiary is lost, the Group: a) derecognises the assets (including attributable goodwill) and liabilities of the subsidiary at their carrying amounts, b) derecognises the carrying amount of any non-controlling interests in the former subsidiary, c) recognises the fair value of the consideration received and any distribution of the shares of the subsidiary, d) recognises any investment retained in the former subsidiary at its fair value and e) recognises any resulting difference of the above items as a gain or loss in the consolidated statement of profit or loss. There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. On the other hand, the Group also assesses existence of significant influence over other enti- ties (including the cases when ownership share is below 20% and there are other indicators of significant influence). Multitude assesses if there are other indicators of significant influence for each investment like participation in policy making, material transaction, representation on the investee's board. When existence of significant influence can be clearly demonstrated, Multitude considers such entities as associates and accounts for them using the equity method. Under the equity method, the investment is initially recognised at cost in the consolidated statement of financial position. Subsequently, the investment is adjusted for the Group's share of the associate's  post-acquisition profits or losses and other changes in its equity. The Group's share of post- acquisition profits or losses is recognised in the consolidated statement of profit or loss. Any dividends received from the associate reduce the carrying amount of the investment. Invest- ment, share of profit or loss and dividends from associates are recorded as investments accounted for using the equity method in the consolidated statement of financial position. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-398": {
   "value": "There are no material non-controlling interests (\"NCI\") and all Group companies are fully consoli- dated. All profit after tax is attributable to shareholders of Multitude. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-399": {
   "value": "2.5.2 Functional and presentation currency The items included in the financial statements of each of the Group companies are measured using the currency of the primary economic environment in which the company operates (the \u201cfunctional currency\u201d). On consolidation, the assets and liabilities of Group companies, whose functional currency is other than the EUR, are translated into the presentation currency at the exchange rates prevailing at the end of the reporting period. The income and expenses of these companies are translated into EUR at the average exchange rates for the reporting period. The exchange differences arising from translation for consolidation are recognised as translation differences in the consolidated statement of comprehensive income. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-400": {
   "value": "2.5.2 Functional and presentation currency The items included in the financial statements of each of the Group companies are measured using the currency of the primary economic environment in which the company operates (the \u201cfunctional currency\u201d). On consolidation, the assets and liabilities of Group companies, whose functional currency is other than the EUR, are translated into the presentation currency at the exchange rates prevailing at the end of the reporting period. The income and expenses of these companies are translated into EUR at the average exchange rates for the reporting period. The exchange differences arising from translation for consolidation are recognised as translation differences in the consolidated statement of comprehensive income. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-401": {
   "value": "2.5.3 Segment reporting The Group defines operating and reportable segments as business units (Note 6). Operating segments are reported in a manner consistent with the internal reports provided to the Chief  Operating Decision Maker (CODM). The CODM is defined as Group CEO, who is supported by  business unit CEOs. The CODM is responsible for allocating resources and assessing the  performance of the operating segments. The Group\u2019s operating and reportable segments  comprise 100% of the Group\u2019s external income. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-402": {
   "value": "2.5.4 Business combinations Business combinations are accounted for using the acquisition method. The consideration  transferred in a business combination is measured as the aggregate of the fair values of the assets transferred, liabilities incurred towards the former owners of the acquired entity or  business, and equity instruments issued. Acquisition-related costs are recognised as expenses in the consolidated statement of profit or loss in the period in which the costs are incurred and the related services are received with the exception of costs directly attributable to the issuance of equity instruments that are accounted for as a deduction from equity. Identifiable assets acquired and liabilities assumed are measured at the acquisition date fair values. The Group elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree\u2019s identifiable net assets on a business combination by business combination basis. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration, classified as an asset or liability that is a financial instrument and within the scope of IFRS 9, is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-403": {
   "value": "2.5.4 Business combinations Business combinations are accounted for using the acquisition method. The consideration  transferred in a business combination is measured as the aggregate of the fair values of the assets transferred, liabilities incurred towards the former owners of the acquired entity or  business, and equity instruments issued. Acquisition-related costs are recognised as expenses in the consolidated statement of profit or loss in the period in which the costs are incurred and the related services are received with the exception of costs directly attributable to the issuance of equity instruments that are accounted for as a deduction from equity. Identifiable assets acquired and liabilities assumed are measured at the acquisition date fair values. The Group elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree\u2019s identifiable net assets on a business combination by business combination basis. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration, classified as an asset or liability that is a financial instrument and within the scope of IFRS 9, is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses . 2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition . Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-404": {
   "value": "2.5.5 Non-current assets or disposal groups held for sale and discontinued operations Non-current assets or disposal groups are classified as assets held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the asset, or the disposal group, must be available for immediate sale in its present condition subject only to the usual and customary terms for sales of such assets or dispos- al groups, and the sale must be highly probable. These assets, or in the case of disposal groups, assets and liabilities, are presented separately in the consolidated statement of financial position and measured at the lower of the carrying amount and fair value less costs to sell. Non-current assets classified as held for sale or included in a disposal group classified as held for sale, are not depreciated or amortised. Discontinued operations are reported when a component of the Group, comprising operations and cash flows that can be clearly distinguished both operationally and for financial reporting purposes from the rest of the Group. A discontinued operation is a component of an entity that either has been disposed of, or is classified as held for sale, and (a) represents a separate major line of business or geographical area of operations, (b) is part of a single coordinated plan to dispose of a separate major line of business or geo- graphical area of operations; or (c) is a subsidiary acquired exclusively with a view to resale. Profit or loss from discontinued operations is reported separately from income and expenses from continuing operations in the consolidated statement of profit or loss, with prior periods presented on a comparative basis. Cash flows from discontinued operations are presented separately in the consolidated financial statements and accompanying notes. Intra-group revenues and expenses between continuing and discontinued operations are eliminated. Gain or loss on disposal of subsidiaries that does not qualify as discontinued operations is record- ed in other income or expense in the consolidated statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-405": {
   "value": "2.5.5 Non-current assets or disposal groups held for sale and discontinued operations Non-current assets or disposal groups are classified as assets held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the asset, or the disposal group, must be available for immediate sale in its present condition subject only to the usual and customary terms for sales of such assets or dispos- al groups, and the sale must be highly probable. These assets, or in the case of disposal groups, assets and liabilities, are presented separately in the consolidated statement of financial position and measured at the lower of the carrying amount and fair value less costs to sell. Non-current assets classified as held for sale or included in a disposal group classified as held for sale, are not depreciated or amortised. Discontinued operations are reported when a component of the Group, comprising operations and cash flows that can be clearly distinguished both operationally and for financial reporting purposes from the rest of the Group. A discontinued operation is a component of an entity that either has been disposed of, or is classified as held for sale, and (a) represents a separate major line of business or geographical area of operations, (b) is part of a single coordinated plan to dispose of a separate major line of business or geo- graphical area of operations; or (c) is a subsidiary acquired exclusively with a view to resale. Profit or loss from discontinued operations is reported separately from income and expenses from continuing operations in the consolidated statement of profit or loss, with prior periods presented on a comparative basis. Cash flows from discontinued operations are presented separately in the consolidated financial statements and accompanying notes. Intra-group revenues and expenses between continuing and discontinued operations are eliminated. Gain or loss on disposal of subsidiaries that does not qualify as discontinued operations is record- ed in other income or expense in the consolidated statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-406": {
   "value": "2.5.5 Non-current as<span class=\"__2 _200\"></span>sets or disposal groups held for sale and disc<span class=\"__2 _200\"></span>ontinued operations<span class=\"__2 _25f\"> </span>Non-curr<span class=\"__2 _200\"></span>ent assets or disposal groups ar<span class=\"__2 _200\"></span>e classified as assets held f<span class=\"__2 _200\"></span>or sale if their carrying amounts will be rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>ed principally through a sale tr<span class=\"__2 _202\"></span>ansaction rather than thr<span class=\"__2 _200\"></span>ough continuing use. F<span class=\"__2 _200\"></span>or this to be the case, the as<span class=\"__2 _200\"></span>set, or the disposal group<span class=\"__2 _200\"></span>, must be av<span class=\"__2 _200\"></span>ailable for immediat<span class=\"__2 _200\"></span>e sale in its present c<span class=\"__2 _200\"></span>ondition subject only to the usual and cus<span class=\"__2 _200\"></span>tomary terms f<span class=\"__2 _200\"></span>or sales of such assets or dispos<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>al groups, and the sale mus<span class=\"__2 _200\"></span>t be highly probable. T<span class=\"__2 _200\"></span>hese assets, or in the case of disposal gr<span class=\"__2 _200\"></span>oups, assets and liabilities, ar<span class=\"__2 _200\"></span>e present<span class=\"__2 _200\"></span>ed separat<span class=\"__2 _200\"></span>ely in the consolidat<span class=\"__2 _200\"></span>ed statement of financial position and measured a<span class=\"__2 _200\"></span>t the low<span class=\"__2 _200\"></span>er of the carrying amount and fair v<span class=\"__2 _200\"></span>alue less cos<span class=\"__2 _200\"></span>ts to sell. Non-curr<span class=\"__2 _200\"></span>ent assets classified as held f<span class=\"__2 _200\"></span>or sale or included in a disposal group classified as held f<span class=\"__2 _200\"></span>or sale, are not deprecia<span class=\"__2 _200\"></span>ted or amortised. Discontinued oper<span class=\"__2 _200\"></span>ations ar<span class=\"__2 _200\"></span>e report<span class=\"__2 _200\"></span>ed when a component of the Gr<span class=\"__2 _200\"></span>oup, comprising oper<span class=\"__2 _200\"></span>ations and cash flow<span class=\"__2 _200\"></span>s that can be clearly distinguished both oper<span class=\"__2 _200\"></span>ationally and for financial r<span class=\"__2 _200\"></span>eporting purposes from the r<span class=\"__2 _200\"></span>est of the Gr<span class=\"__2 _200\"></span>oup. A discontinued oper<span class=\"__2 _202\"></span>ation is a component of an entity that either has been disposed of<span class=\"__2 _202\"></span>, or is classified as held for sale, and (a) repr<span class=\"__2 _200\"></span>esents a separ<span class=\"__2 _200\"></span>ate major line of business or geogr<span class=\"__2 _200\"></span>aphical ar<span class=\"__2 _200\"></span>ea of operations, (b<span class=\"__2 _200\"></span>) is part of a single coor<span class=\"__2 _200\"></span>dinated plan to dispose of a separ<span class=\"__2 _202\"></span>ate major line of business or geo-<span class=\"__2 _25f\"> </span>gr<span class=\"__2 _200\"></span>aphical area of oper<span class=\"__2 _200\"></span>ations; or<span class=\"__2 _25f\"> </span>(<span class=\"__2 _200\"></span>c) is a subsidiary acquir<span class=\"__2 _200\"></span>ed e<span class=\"__2 _200\"></span>xclusiv<span class=\"__2 _202\"></span>ely with a view to r<span class=\"__2 _200\"></span>esale. Profit or los<span class=\"__2 _200\"></span>s from disc<span class=\"__2 _200\"></span>ontinued operations is r<span class=\"__2 _200\"></span>eported separ<span class=\"__2 _200\"></span>ately fr<span class=\"__2 _200\"></span>om income and e<span class=\"__2 _202\"></span>xpenses from continuing oper<span class=\"__2 _200\"></span>ations in the consolidat<span class=\"__2 _200\"></span>ed stat<span class=\"__2 _200\"></span>ement of profit or loss, with prior periods pr<span class=\"__2 _200\"></span>esented on a compar<span class=\"__2 _200\"></span>ativ<span class=\"__2 _200\"></span>e basis. Cash flow<span class=\"__2 _200\"></span>s from disc<span class=\"__2 _200\"></span>ontinued operations ar<span class=\"__2 _200\"></span>e pr<span class=\"__2 _200\"></span>esented separ<span class=\"__2 _200\"></span>ately in the consolidat<span class=\"__2 _200\"></span>ed financial statements and ac<span class=\"__2 _200\"></span>compan<span class=\"__2 _200\"></span>ying notes. Intr<span class=\"__2 _200\"></span>a-group r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>enues and expenses betw<span class=\"__2 _200\"></span>een continuing and discontinued oper<span class=\"__2 _200\"></span>ations ar<span class=\"__2 _200\"></span>e eliminated.<span class=\"__2 _25f\"> </span>Gain or loss on disposal of subsidiaries that does not qualify as discontinued oper<span class=\"__2 _202\"></span>ations is recor<span class=\"__2 _200\"></span>d<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ed in other income or e<span class=\"__2 _202\"></span>xpense in the consolidated sta<span class=\"__2 _200\"></span>tement of profit or los<span class=\"__2 _200\"></span>s.<span class=\"__2 _25f\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-407": {
   "value": "2.5.6 Recognition of interest income/expense and effective interest rate The Group recognises interest income and interest expense by applying an effective interest meth- od (EIR). The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: \u2022  the gross carrying amount of the financial asset; or \u2022  the amortised cost of the financial liability. When calculating the EIR for financial instruments, the Group estimates future cash flows consid- ering all contractual terms of the financial instrument, but not expected credit losses. The EIR, and consequently the amortised cost of the financial asset, is determined by considering transaction costs, any discount or premium on the acquisition of the financial asset, as well as fees and costs integral to the EIR. The EIR calculation accommodates the potential impact of other characteristics of the product life cycle including early repayments and penalty charges . If revisions to the expected cash flows of fixed rate financial assets or liabilities occur for reasons other than credit risk, the changes to future contractual cash flows are discounted at the original EIR, resulting in an adjustment to the carrying amount. The difference with the previous carrying amount is recorded as a positive or negative adjustment to the financial asset or liability's carrying amount in the statement of financial position, with a corresponding increase or decrease in interest income/expense calculated using the effective interest method. In the case of floating rate financial instruments, periodic re-estimation of cash flows to reflect market interest rate movements also impacts the effective interest rate. However, when instru- ments were initially recognised at an amount equal to the principal, re-estimating future interest payments does not significantly affect the carrying amount of the asset or liability. The Group computes interest income on financial assets, excluding those considered credit-im- paired, by applying the EIR to the gross carrying amount of the financial asset. When a financial asset becomes credit-impaired (and is therefore categorised as \u2018Stage 3\u2019), the Group calculates interest income by applying the EIR to the net amortised cost of the financial asset. If the financial asset is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis 2.5.8 Fair value and foreign exchange gains and losses 2.5.8.1 Recognition of fair value and foreign exchange gains and losses Within this line item, the Group reports unrealised and realised foreign exchange gains and losses on the retranslation of monetary items, as well as all gains and losses arising from fluctuations in fair value of derivatives. Gains and losses arising from fluctuations in the value of the derivatives resulting from foreign currency forward contracts. 2.5.8.2 Transactions and balances in foreign currencies Transactions in foreign currencies are recorded at exchange rates prevailing at the dates of the individual transactions. Monetary assets and liabilities denominated in foreign currency are valued at the exchange rates prevailing at the end of the reporting period. 2.5.9 Personnel expense Post-employment plans: The Group companies have various post-employment plans that follow local regulations and practices in the countries in which they operate. Group companies\u2019 pension plans are generally considered to be defined contribution plans that employees and relevant Group companies fund through pension insurance contracts, local government retirement schemes, and other external post-employment retirement plan arrangements, where the Group does not retain or incur any additional legal or constructive obligations on top of its obligations to make contributions to such plans. These contributions are recognised as part of personnel expense in the consolidated state- ment of profit or loss in the period in which they are incurred. Share-based payments: The Group\u2019s share-based payments granted are classified as equity-settled share-based payment transactions. They are booked as personnel expense and as increases in equity based on the grant date fair value of the options or shares granted. The total expense is recognised over the vesting period, when all of the specified vesting conditions are satisfied.  At the end of each period, the Group revises its estimates of the number of options or shares that are expected to vest based on the vesting and service conditions. The Group recognises the impact of the revision of the original estimates, if any, in profit or loss, with a corresponding adjustment to equity. The cancellation of a share-based payment arrangement is accounted for as an acceleration of vesting, and the Group recognises immediately the amount that would have been settled with employees at the end of the original vesting period. Any payment made to the employee is accounted for as a deduction from equity, except to the extent that the pay- ment exceeds the fair value of the equity instruments granted, measured at the cancellation date. 2.5.10 Other income and expense Gains and losses not arising from the Group\u2019s ordinary course of business, such as those deriving from impairment of non-financial assets, sale and disposal of non-current assets, among others, are recognised under other income/other expense line item in the Group\u2019s consolidated statement of profit or loss. 2.5.11 Income tax expense 2.5.11.1 Recognition of income taxes The income taxes comprise current tax and deferred tax. Income tax benefit or expense is rec- ognised in the consolidated statement of profit or loss, except to the extent that it relates to items recognised in other comprehensive income, or directly in equity. 2.5.11.2 Current taxes Current taxes are based on the results of Group companies and are calculated using local tax regulations and tax rates enacted or substantively enacted at each reporting date. Corporate taxes withheld at the source of the income, on behalf of Group companies, are accounted for in income tax expense financial statement line item, where they are determined to represent tax on profit or loss for the period. 2.5.11.3 Deferred taxes Deferred tax assets and liabilities are determined using the balance sheet method for all tempo- rary differences between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Recognition of deferred tax assets is contingent upon the availability of future taxable profit against which unused tax losses, tax credits, and deductible temporary differences can be utilised in the relevant jurisdictions. The realisability of deferred tax assets is assessed at each reporting date, and adjustments are made if circumstances indicate that these assets are no longer probable to be utilised. Deferred tax liabilities are acknowledged for temporary taxable differences and those arising  between the fair value and the tax base of identifiable net assets acquired in business combinations.  Additionally, deferred tax liabilities are provided for taxable temporary differences arising from investments in subsidiaries, except when the Group controls the timing of the reversal of the  temporary difference, and it is probable that the reversal will not occur in the foreseeable future. The enacted or substantively enacted tax rates as of each reporting date, expected to apply when the asset is realised or the liability is settled, are employed in measuring deferred tax assets and deferred tax liabilities. Deferred tax assets and liabilities are not subject to discounting. The Group regularly assesses positions taken in tax returns concerning situations where applicable tax regulations are subject to interpretation. Adjustments to the recorded amounts of current and deferred tax assets and  liabilities are made when it is considered probable, i.e., more likely than not, that certain tax  positions may not be fully sustained upon review by tax authorities. The recorded amounts are based on the most likely amount or the expected value, depending on the method that the Group expects to predict the uncertainty's resolution better.  Deferred tax related to assets and liabilities arising from a single transaction that, on initial  recognition, give rise to equal amounts of taxable and deductible temporary differences, will  require the recognition of deferred tax assets and liabilities in equal amounts. Deferred tax assets and deferred tax liabilities are offset for presentation purposes if, and only if: a) when there is a legally enforceable right to set off current tax assets against current tax liabilities; b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities, which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously in each future period where significant amounts of deferred tax liabilities or deferred tax assets are expected to be settled or recovered. 2.5.15 Prepaid expenses and other assets Prepaid expenses refer to payments made in advance for goods or services that a company will receive in the future. These payments create a right to receive future economic benefits. As such, they are recognised as assets until the related goods or services are consumed or the economic benefits are realised. Once consumed or realised, the prepaid expense is then recognised as an expense in the consolidated statement of profit or loss. 2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition . Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. 2.5.17 Leases The Group\u2019s lease agreements primarily relate to leases of office buildings and equipment. At contract inception, the Group assesses whether a contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration and, accordingly, recognises a right-of-use asset and a lease liability for all leases with a lease term exceeding 12 months. The commencement date is when the lessor makes the underlying leased asset available for use by the Group. The Group companies generally enter into lease contracts that have a lease term varying between 1 and 5 years with a prolongation option of a similar range. The Group companies make assumptions on expected lease term that include prolongation option (Note 3.5). The Group applies the practical expedient whereby leases for which the lease term is 12 months or less at the lease commencement date (short-term leases) are not recognised in its consolidated statement of financial position. Instead, the Group recognises the lease payments associated with short-term leases as an operating expense on a straight-line basis over the lease term. At the same time, the Group recognises lease payments as an operating expense in the case of leases for which the underlying asset is of low value. Other payments for non-lease components (e.g., property tax- es, insurance payments and property service costs), are recognised as an expense when incurred. Right-of-use asset: The right-of-use asset is initially measured at cost, which includes the amount of the initial mea- surement of the lease liability, any lease payments made at or before the commencement date, and estimated restoration costs of the leased asset to the condition required by the contract at the end of the lease period, less any lease incentives and any initial direct costs incurred. After initial measurement, right-of-use assets are measured at cost less any accumulated depre- ciation and any accumulated impairment losses and adjusted for certain remeasurements of the lease liability. The right-of-use asset is depreciated using the straight-line method, from the com- mencement date to the earlier of the end of the contractual lease term, or the estimated useful economic lives of the right-of-use assets, as follows: Office buildings: 3 \u2013 6 years Office equipment: 3 \u2013 4 years The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options, including extension periods of open-ended contracts. The Group reassesses whether it is reasonably certain to exercise the options and extension periods if there is a significant event or significant changes in circumstances within its control. Lease liability: At the commencement date, lease liabilities are measured at the present value of lease payments to be made over the lease term. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, as well as any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The lease payments include fixed lease payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and appropriate termination fees whenever the lease term is determined based on the expectation that the Group will exercise its option to terminate. The Group does not generally enter into lease contracts with variable lease payments linked to future performance or use of an underlying asset. Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. Incremental borrowing rate: The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. This rate is calculated at the beginning of the lease and is unique for every Group company - lessee (Note 3.6). 2.5.18 Property, plant and equipment Property, plant and equipment are recognised in the financial statements at their carrying amount, equal to the cost of acquisition less cumulative depreciation, and where applica- ble, accumulated impairment. The acquisition cost includes costs directly attributable to the  acquisition of the asset. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are recognised as expense in the consolidated statement of profit or loss when they are incurred. Property, plant and equipment are depreciated using the straight-line method towards their residual values and over their estimated useful lives, as follows: Office renovations: 3 \u2013 8 years Furnitures, fittings, and equipment: 3 \u2013 8 years If appropriate the asset\u2019s residual value and useful life are reviewed and adjusted at the end of each reporting period. Gain or loss on disposal is determined as the difference between the net disposal proceeds and the carrying amount. The gain or loss from disposal is recognised in other expense line item in the consolidated statement of profit or loss . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-408": {
   "value": "2.5.6 Recognition of interest income/expense and effective interest rate The Group recognises interest income and interest expense by applying an effective interest meth- od (EIR). The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: \u2022  the gross carrying amount of the financial asset; or \u2022  the amortised cost of the financial liability. When calculating the EIR for financial instruments, the Group estimates future cash flows consid- ering all contractual terms of the financial instrument, but not expected credit losses. The EIR, and consequently the amortised cost of the financial asset, is determined by considering transaction costs, any discount or premium on the acquisition of the financial asset, as well as fees and costs integral to the EIR. The EIR calculation accommodates the potential impact of other characteristics of the product life cycle including early repayments and penalty charges If revisions to the expected cash flows of fixed rate financial assets or liabilities occur for reasons other than credit risk, the changes to future contractual cash flows are discounted at the original EIR, resulting in an adjustment to the carrying amount. The difference with the previous carrying amount is recorded as a positive or negative adjustment to the financial asset or liability's carrying amount in the statement of financial position, with a corresponding increase or decrease in interest income/expense calculated using the effective interest method. In the case of floating rate financial instruments, periodic re-estimation of cash flows to reflect market interest rate movements also impacts the effective interest rate. However, when instru- ments were initially recognised at an amount equal to the principal, re-estimating future interest payments does not significantly affect the carrying amount of the asset or liability. The Group computes interest income on financial assets, excluding those considered credit-im- paired, by applying the EIR to the gross carrying amount of the financial asset. When a financial asset becomes credit-impaired (and is therefore categorised as \u2018Stage 3\u2019), the Group calculates interest income by applying the EIR to the net amortised cost of the financial asset. If the financial asset is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-409": {
   "value": "2.5.6 Recognition of interest income/expense and effective interest rate The Group recognises interest income and interest expense by applying an effective interest meth- od (EIR). The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: \u2022  the gross carrying amount of the financial asset; or \u2022  the amortised cost of the financial liability. When calculating the EIR for financial instruments, the Group estimates future cash flows consid- ering all contractual terms of the financial instrument, but not expected credit losses. The EIR, and consequently the amortised cost of the financial asset, is determined by considering transaction costs, any discount or premium on the acquisition of the financial asset, as well as fees and costs integral to the EIR. The EIR calculation accommodates the potential impact of other characteristics of the product life cycle including early repayments and penalty charges . If revisions to the expected cash flows of fixed rate financial assets or liabilities occur for reasons other than credit risk, the changes to future contractual cash flows are discounted at the original EIR, resulting in an adjustment to the carrying amount. The difference with the previous carrying amount is recorded as a positive or negative adjustment to the financial asset or liability's carrying amount in the statement of financial position, with a corresponding increase or decrease in interest income/expense calculated using the effective interest method. In the case of floating rate financial instruments, periodic re-estimation of cash flows to reflect market interest rate movements also impacts the effective interest rate. However, when instru- ments were initially recognised at an amount equal to the principal, re-estimating future interest payments does not significantly affect the carrying amount of the asset or liability. The Group computes interest income on financial assets, excluding those considered credit-im- paired, by applying the EIR to the gross carrying amount of the financial asset. When a financial asset becomes credit-impaired (and is therefore categorised as \u2018Stage 3\u2019), the Group calculates interest income by applying the EIR to the net amortised cost of the financial asset. If the financial asset is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis . 2.5.7 Fee and commission income Fee and commission income and expense that are an integral part of the effective interest rate on a financial asset or liability are included in the effective interest rate calculation and treated as part of effective interest (Note 2.5.6). Fee and commission income that is not considered to be an integral part of the effective interest rate on loans to customers and accounted as per IFRS 15. Fee and commission income is recognised at an amount that reflects the consideration the Group expects to be entitled to in exchange for providing the services. The performance obligations, as well as the timing of their satisfaction, are identified and determined at the inception of the con- tract. When Multitude provides a service to its customers, consideration is invoiced and generally due immediately upon satisfaction of a service provided at a point in time or at the end of the contract period for a service provided over time. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-410": {
   "value": "2.5.6 Recognition of interest income/expense and effective interest rate The Group recognises interest income and interest expense by applying an effective interest meth- od (EIR). The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: \u2022  the gross carrying amount of the financial asset; or \u2022  the amortised cost of the financial liability. When calculating the EIR for financial instruments, the Group estimates future cash flows consid- ering all contractual terms of the financial instrument, but not expected credit losses. The EIR, and consequently the amortised cost of the financial asset, is determined by considering transaction costs, any discount or premium on the acquisition of the financial asset, as well as fees and costs integral to the EIR. The EIR calculation accommodates the potential impact of other characteristics of the product life cycle including early repayments and penalty charges . If revisions to the expected cash flows of fixed rate financial assets or liabilities occur for reasons other than credit risk, the changes to future contractual cash flows are discounted at the original EIR, resulting in an adjustment to the carrying amount. The difference with the previous carrying amount is recorded as a positive or negative adjustment to the financial asset or liability's carrying amount in the statement of financial position, with a corresponding increase or decrease in interest income/expense calculated using the effective interest method. In the case of floating rate financial instruments, periodic re-estimation of cash flows to reflect market interest rate movements also impacts the effective interest rate. However, when instru- ments were initially recognised at an amount equal to the principal, re-estimating future interest payments does not significantly affect the carrying amount of the asset or liability. The Group computes interest income on financial assets, excluding those considered credit-im- paired, by applying the EIR to the gross carrying amount of the financial asset. When a financial asset becomes credit-impaired (and is therefore categorised as \u2018Stage 3\u2019), the Group calculates interest income by applying the EIR to the net amortised cost of the financial asset. If the financial asset is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis . Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-411": {
   "value": "2.5.6 Recognition of interest income/expense and effective interest rate The Group recognises interest income and interest expense by applying an effective interest meth- od (EIR). The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: \u2022  the gross carrying amount of the financial asset; or \u2022  the amortised cost of the financial liability. When calculating the EIR for financial instruments, the Group estimates future cash flows consid- ering all contractual terms of the financial instrument, but not expected credit losses. The EIR, and consequently the amortised cost of the financial asset, is determined by considering transaction costs, any discount or premium on the acquisition of the financial asset, as well as fees and costs integral to the EIR. The EIR calculation accommodates the potential impact of other characteristics of the product life cycle including early repayments and penalty charges . If revisions to the expected cash flows of fixed rate financial assets or liabilities occur for reasons other than credit risk, the changes to future contractual cash flows are discounted at the original EIR, resulting in an adjustment to the carrying amount. The difference with the previous carrying amount is recorded as a positive or negative adjustment to the financial asset or liability's carrying amount in the statement of financial position, with a corresponding increase or decrease in interest income/expense calculated using the effective interest method. In the case of floating rate financial instruments, periodic re-estimation of cash flows to reflect market interest rate movements also impacts the effective interest rate. However, when instru- ments were initially recognised at an amount equal to the principal, re-estimating future interest payments does not significantly affect the carrying amount of the asset or liability. The Group computes interest income on financial assets, excluding those considered credit-im- paired, by applying the EIR to the gross carrying amount of the financial asset. When a financial asset becomes credit-impaired (and is therefore categorised as \u2018Stage 3\u2019), the Group calculates interest income by applying the EIR to the net amortised cost of the financial asset. If the financial asset is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-412": {
   "value": "2.5.7 Fee and commission income Fee and commission income and expense that are an integral part of the effective interest rate on a financial asset or liability are included in the effective interest rate calculation and treated as part of effective interest (Note 2.5.6). Fee and commission income that is not considered to be an integral part of the effective interest rate on loans to customers and accounted as per IFRS 15. Fee and commission income is recognised at an amount that reflects the consideration the Group expects to be entitled to in exchange for providing the services. The performance obligations, as well as the timing of their satisfaction, are identified and determined at the inception of the con- tract. When Multitude provides a service to its customers, consideration is invoiced and generally due immediately upon satisfaction of a service provided at a point in time or at the end of the contract period for a service provided over time. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-413": {
   "value": "<div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs45_1\">2.5.9 Personnel e<span class=\"__2 _200\"></span>xpense<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs20_1\">Post-emplo<span class=\"__2 _200\"></span>yment plans:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsab_2 gs21_1\">The Gr<span class=\"__2 _200\"></span>oup companies ha<span class=\"__2 _200\"></span>ve v<span class=\"__2 _200\"></span>arious post-emplo<span class=\"__2 _200\"></span>yment plans that follo<span class=\"__2 _200\"></span>w local r<span class=\"__2 _200\"></span>egulations and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5e_2 gs22_1\">pr<span class=\"__2 _200\"></span>actices in the countries in which the<span class=\"__2 _200\"></span>y opera<span class=\"__2 _200\"></span>te. Gr<span class=\"__2 _200\"></span>oup companies\u2019 pension plans ar<span class=\"__2 _200\"></span>e generally<span class=\"__2 _25f\"> </span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsac_2 gs69_1\">consider<span class=\"__2 _200\"></span>ed to be defined c<span class=\"__2 _200\"></span>ontribution plans that employ<span class=\"__2 _202\"></span>ees and rele<span class=\"__2 _200\"></span>vant Gr<span class=\"__2 _200\"></span>oup companies fund </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsad_2 gsa_1\">through pension insur<span class=\"__2 _202\"></span>ance contr<span class=\"__2 _200\"></span>acts, local gov<span class=\"__2 _202\"></span>ernment retir<span class=\"__2 _200\"></span>ement schemes, and other ext<span class=\"__2 _200\"></span>ernal </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsad_2 gs6a_1\">post-emplo<span class=\"__2 _200\"></span>yment retir<span class=\"__2 _200\"></span>ement plan arr<span class=\"__2 _200\"></span>angements, where the Gr<span class=\"__2 _200\"></span>oup does not retain or incur an<span class=\"__2 _200\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws30_2 gs6b\">additional legal or cons<span class=\"__2 _200\"></span>tructive obligations on t<span class=\"__2 _200\"></span>op of its obligations to mak<span class=\"__2 _200\"></span>e contributions t<span class=\"__2 _200\"></span>o such </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5c_2 gsd_1\">plans. These c<span class=\"__2 _200\"></span>ontributions are r<span class=\"__2 _200\"></span>ecognised as part of personnel e<span class=\"__2 _200\"></span>xpense in the consolidat<span class=\"__2 _200\"></span>ed state<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gse_1\">ment of profit or los<span class=\"__2 _200\"></span>s in the period in which they ar<span class=\"__2 _200\"></span>e incurr<span class=\"__2 _200\"></span>ed.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs6c\">Share-based pa<span class=\"__2 _200\"></span>yments:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws98_2 gs6d\">The Gr<span class=\"__2 _200\"></span>oup\u2019s shar<span class=\"__2 _200\"></span>e-based payments gr<span class=\"__2 _202\"></span>anted are classified as equity<span class=\"__2 _200\"></span>-settled share-based pa<span class=\"__2 _200\"></span>yment </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsae_2 gs11_1\">tr<span class=\"__2 _200\"></span>ansactions. They ar<span class=\"__2 _200\"></span>e book<span class=\"__2 _200\"></span>ed as personnel expense and as incr<span class=\"__2 _200\"></span>eases in equity based on the gr<span class=\"__2 _200\"></span>ant </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws52_2 gs6e\">date f<span class=\"__2 _200\"></span>air value of the options or shar<span class=\"__2 _200\"></span>es gr<span class=\"__2 _200\"></span>anted. The t<span class=\"__2 _200\"></span>otal expense is r<span class=\"__2 _200\"></span>ecognised o<span class=\"__2 _202\"></span>ver the v<span class=\"__2 _200\"></span>esting </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs12_1\">period, when all of the specified v<span class=\"__2 _200\"></span>esting conditions ar<span class=\"__2 _200\"></span>e satisfied.<span class=\"__2 _25f\"> </span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 ws35_2 gs6b\">A<span class=\"__2 _200\"></span>t the end of each period, the Group r<span class=\"__2 _200\"></span>evises its es<span class=\"__2 _200\"></span>timates of the number of options or shar<span class=\"__2 _200\"></span>es </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 wsaf_2 gsd_1\">that ar<span class=\"__2 _200\"></span>e expect<span class=\"__2 _200\"></span>ed to v<span class=\"__2 _200\"></span>est based on the v<span class=\"__2 _200\"></span>esting and service c<span class=\"__2 _200\"></span>onditions. The Gr<span class=\"__2 _200\"></span>oup rec<span class=\"__2 _200\"></span>ognises </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 ws25_2 gse_1\">the impact of the re<span class=\"__2 _202\"></span>vision of the original estimates, if any<span class=\"__2 _201\"></span>, in pr<span class=\"__2 _200\"></span>ofit or loss, with a corr<span class=\"__2 _202\"></span>esponding </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 ws25_2 gs70\">adjustment to equity<span class=\"__2 _201\"></span>. T<span class=\"__2 _200\"></span>he cancellation of a shar<span class=\"__2 _200\"></span>e-based payment arr<span class=\"__2 _200\"></span>angement is account<span class=\"__2 _200\"></span>ed for<span class=\"__2 _200\"></span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 wsb0_2 gs6c\">as an acc<span class=\"__2 _200\"></span>eleration of v<span class=\"__2 _202\"></span>esting, and the Group r<span class=\"__2 _200\"></span>ecognises immediat<span class=\"__2 _200\"></span>ely the amount that would<span class=\"__2 _200\"></span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 wsb1_2 gs6d\">hav<span class=\"__2 _202\"></span>e been settled with employ<span class=\"__2 _200\"></span>ees at the end of the original v<span class=\"__2 _200\"></span>esting period. Any pa<span class=\"__2 _200\"></span>yment made </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 wsb2_2 gs11_1\">to the emplo<span class=\"__2 _202\"></span>yee is acc<span class=\"__2 _200\"></span>ounted for as a deduction <span class=\"__2 _200\"></span>from equity<span class=\"__2 _201\"></span>, e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>ept to the e<span class=\"__2 _200\"></span>xtent that <span class=\"__2 _200\"></span>the pay<span class=\"ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls15_2 wsb3_2 gs6e\">ment e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>eeds the fair v<span class=\"__2 _200\"></span>alue of the equity instruments gr<span class=\"__2 _200\"></span>anted, measur<span class=\"__2 _200\"></span>ed at the cancellation<span class=\"__2 _200\"></span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls19_2 wsb4_2 gs12_1\">da<span class=\"__2 _203\"></span>te.<span class=\"__2 _25f\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-414": {
   "value": "Share-based pa<span class=\"__2 _200\"></span>yments:<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s shar<span class=\"__2 _200\"></span>e-based payments gr<span class=\"__2 _202\"></span>anted are classified as equity<span class=\"__2 _200\"></span>-settled share-based pa<span class=\"__2 _200\"></span>yment tr<span class=\"__2 _200\"></span>ansactions. They ar<span class=\"__2 _200\"></span>e book<span class=\"__2 _200\"></span>ed as personnel expense and as incr<span class=\"__2 _200\"></span>eases in equity based on the gr<span class=\"__2 _200\"></span>ant date f<span class=\"__2 _200\"></span>air value of the options or shar<span class=\"__2 _200\"></span>es gr<span class=\"__2 _200\"></span>anted. The t<span class=\"__2 _200\"></span>otal expense is r<span class=\"__2 _200\"></span>ecognised o<span class=\"__2 _202\"></span>ver the v<span class=\"__2 _200\"></span>esting period, when all of the specified v<span class=\"__2 _200\"></span>esting conditions ar<span class=\"__2 _200\"></span>e satisfied.<span class=\"__2 _25f\"> </span>A<span class=\"__2 _200\"></span>t the end of each period, the Group r<span class=\"__2 _200\"></span>evises its es<span class=\"__2 _200\"></span>timates of the number of options or shar<span class=\"__2 _200\"></span>es that ar<span class=\"__2 _200\"></span>e expect<span class=\"__2 _200\"></span>ed to v<span class=\"__2 _200\"></span>est based on the v<span class=\"__2 _200\"></span>esting and service c<span class=\"__2 _200\"></span>onditions. The Gr<span class=\"__2 _200\"></span>oup rec<span class=\"__2 _200\"></span>ognises the impact of the re<span class=\"__2 _202\"></span>vision of the original estimates, if any<span class=\"__2 _201\"></span>, in pr<span class=\"__2 _200\"></span>ofit or loss, with a corr<span class=\"__2 _202\"></span>esponding adjustment to equity<span class=\"__2 _201\"></span>. T<span class=\"__2 _200\"></span>he cancellation of a shar<span class=\"__2 _200\"></span>e-based payment arr<span class=\"__2 _200\"></span>angement is account<span class=\"__2 _200\"></span>ed for<span class=\"__2 _200\"></span> as an acc<span class=\"__2 _200\"></span>eleration of v<span class=\"__2 _202\"></span>esting, and the Group r<span class=\"__2 _200\"></span>ecognises immediat<span class=\"__2 _200\"></span>ely the amount that would<span class=\"__2 _200\"></span> hav<span class=\"__2 _202\"></span>e been settled with employ<span class=\"__2 _200\"></span>ees at the end of the original v<span class=\"__2 _200\"></span>esting period. Any pa<span class=\"__2 _200\"></span>yment made to the emplo<span class=\"__2 _202\"></span>yee is acc<span class=\"__2 _200\"></span>ounted for as a deduction <span class=\"__2 _200\"></span>from equity<span class=\"__2 _201\"></span>, e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>ept to the e<span class=\"__2 _200\"></span>xtent that <span class=\"__2 _200\"></span>the pay<span class=\"ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></span>ment e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>eeds the fair v<span class=\"__2 _200\"></span>alue of the equity instruments gr<span class=\"__2 _200\"></span>anted, measur<span class=\"__2 _200\"></span>ed at the cancellation<span class=\"__2 _200\"></span> da<span class=\"__2 _203\"></span>te.<span class=\"__2 _25f\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-415": {
   "value": "2.5.11 Income tax expense 2.5.11.1 Recognition of income taxes The income taxes comprise current tax and deferred tax. Income tax benefit or expense is rec- ognised in the consolidated statement of profit or loss, except to the extent that it relates to items recognised in other comprehensive income, or directly in equity. 2.5.11.2 Current taxes Current taxes are based on the results of Group companies and are calculated using local tax regulations and tax rates enacted or substantively enacted at each reporting date. Corporate taxes withheld at the source of the income, on behalf of Group companies, are accounted for in income tax expense financial statement line item, where they are determined to represent tax on profit or loss for the period2.5.11.3 Deferred taxes Deferred tax assets and liabilities are determined using the balance sheet method for all tempo- rary differences between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Recognition of deferred tax assets is contingent upon the availability of future taxable profit against which unused tax losses, tax credits, and deductible temporary differences can be utilised  in the relevant jurisdictions. The realisability of deferred tax assets is assessed at each reporting date, and adjustments are made if circumstances indicate that these assets are no longer probable to be utilised. Deferred tax liabilities are acknowledged for temporary taxable differences and those arising  between the fair value and the tax base of identifiable net assets acquired in business combinations.  Additionally, deferred tax liabilities are provided for taxable temporary differences arising from investments in subsidiaries, except when the Group controls the timing of the reversal of the  temporary difference, and it is probable that the reversal will not occur in the foreseeable future. The enacted or substantively enacted tax rates as of each reporting date, expected to apply when the asset is realised or the liability is settled, are employed in measuring deferred tax assets and deferred tax liabilities. Deferred tax assets and liabilities are not subject to discounting. The Group regularly assesses positions taken in tax returns concerning situations where applicable tax regulations are subject to interpretation. Adjustments to the recorded amounts of current and deferred tax assets and  liabilities are made when it is considered probable, i.e., more likely than not, that certain tax  positions may not be fully sustained upon review by tax authorities. The recorded amounts are based on the most likely amount or the expected value, depending on the method that the Group expects to predict the uncertainty's resolution better.  Deferred tax related to assets and liabilities arising from a single transaction that, on initial  recognition, give rise to equal amounts of taxable and deductible temporary differences, will  require the recognition of deferred tax assets and liabilities in equal amounts. Deferred tax assets and deferred tax liabilities are offset for presentation purposes if, and only if: a) when there is a legally enforceable right to set off current tax assets against current tax liabilities; b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities, which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously in each future period where significant amounts of deferred tax liabilities or deferred tax assets are expected to be settled or recovered. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-416": {
   "value": "2.5.11.3 Deferred taxes Deferred tax assets and liabilities are determined using the balance sheet method for all tempo- rary differences between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Recognition of deferred tax assets is contingent upon the availability of future taxable profit against which unused tax losses, tax credits, and deductible temporary differences can be utilised in the relevant jurisdictions. The realisability of deferred tax assets is assessed at each reporting date, and adjustments are made if circumstances indicate that these assets are no longer probable to be utilised. Deferred tax liabilities are acknowledged for temporary taxable differences and those arising  between the fair value and the tax base of identifiable net assets acquired in business combinations.  Additionally, deferred tax liabilities are provided for taxable temporary differences arising from investments in subsidiaries, except when the Group controls the timing of the reversal of the  temporary difference, and it is probable that the reversal will not occur in the foreseeable future. The enacted or substantively enacted tax rates as of each reporting date, expected to apply when the asset is realised or the liability is settled, are employed in measuring deferred tax assets and deferred tax liabilities. Deferred tax assets and liabilities are not subject to discounting. The Group regularly assesses positions taken in tax returns concerning situations where applicable tax regulations are subject to interpretation. Adjustments to the recorded amounts of current and deferred tax assets and  liabilities are made when it is considered probable, i.e., more likely than not, that certain tax  positions may not be fully sustained upon review by tax authorities. The recorded amounts are based on the most likely amount or the expected value, depending on the method that the Group expects to predict the uncertainty's resolution better.  Deferred tax related to assets and liabilities arising from a single transaction that, on initial  recognition, give rise to equal amounts of taxable and deductible temporary differences, will  require the recognition of deferred tax assets and liabilities in equal amounts. Deferred tax assets and deferred tax liabilities are offset for presentation purposes if, and only if: a) when there is a legally enforceable right to set off current tax assets against current tax liabilities; b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities, which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously in each future period where significant amounts of deferred tax liabilities or deferred tax assets are expected to be settled or recovered. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-417": {
   "value": "2.5.12 Cash and cash equivalents Cash and cash equivalents include cash at banks and on hand, as well as short-term highly liquid investments that are readily convertible to known amounts of cash with the maturities at the acquisition of three months or less, as well as bank deposits with maturities or contractual call periods at the acquisition of three months or less. Bank deposits that are set aside as collateral to fund the Group\u2019s forward contracts and do not meet the definition of cash and cash equivalents, are classified as financial assets at amortised cost and presented as receivables from banks under other financial assets in the consolidated statement of financial position. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-418": {
   "value": "2.5.12 Cash and cash equivalents Cash and cash equivalents include cash at banks and on hand, as well as short-term highly liquid investments that are readily convertible to known amounts of cash with the maturities at the acquisition of three months or less, as well as bank deposits with maturities or contractual call periods at the acquisition of three months or less. Bank deposits that are set aside as collateral to fund the Group\u2019s forward contracts and do not meet the definition of cash and cash equivalents, are classified as financial assets at amortised cost and presented as receivables from banks under other financial assets in the consolidated statement of financial position. 2.5.13 Derivative financial instruments The Group's risk management policy includes foreign currency forward contracts. All derivatives arising from such contracts are recognised initially at fair value when a derivative contract is en- tered into and subsequently remeasured at fair value. Derivative financial assets and derivative  financial liabilities are presented in the assets and liabilities sections of the consolidated statement of financial position, respectively. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Discounted Cash Flow (DCF) models are used to determine the fair values of over-the- counter derivatives which comprise foreign currency forward contracts. This involves projecting future cash flows, discounting them back to present value using a rate that considers risk factors, and calculating the fair value. Foreign currency forward contracts are valued at market-forward exchange rates. Changes in fair value are measured by comparing these rates with the original contract-forward rate. The Group does not apply hedge accounting. As a result, realised and unrealised gains and losses  arising from changes in fair values of the derivative financial assets and liabilities during the  financial period are recognised as fair value and foreign exchange gains and losses in the Group\u2019s consolidated statement of profit or loss as described in Note 2.5.8.1. 2.5.14 Financial assets 2.5.14.1 Initial recognition and measurement of financial assets The Group recognises a financial asset in its statement of financial position when it becomes a party to the contractual provisions of the instrument. Regular purchases and sales of financial assets are recognised on the settlement date, which is the date on which the Group purchases or sells the asset.  At initial recognition, the Group measures a financial asset at its fair value plus or minus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are incre- mental and directly attributable to the acquisition or issue of the financial asset, such as fees and commissions. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Immediately after initial recognition, an expected credit loss allowance (ECL) is recognised for financial assets measured at amortised cost which results in an accounting loss being recognised in profit or loss when an asset is newly originated. When the fair value of financial assets differs from the transaction price on initial recognition, the Group recognises the difference as follows:  \u2022 When the fair value is evidenced by a quoted price in an active market for an identical asset (i.e. a Level 1 input) or based on a valuation technique that uses only data from observable markets, the difference is recognised as a gain or loss. \u2022 In all other cases, the difference is deferred and the timing of recognition of deferred day one profit or loss is determined individually. It is either amortised over the life of the instrument, deferred until the instrument's fair value can be determined using market observable inputs, or realised through settlement. 2.5.14.2 Classification and subsequent measurement of financial assets The Group classifies its financial assets as financial assets subsequently measured at amortised cost (carrying amount less expected credit losses), financial assets measured at fair value with changes recognised through other comprehensive income (\"FVOCI\"), and financial assets mea- sured at fair value with changes recognised through profit and loss (\"FVPL\"). The appropriate category is selected based on 1.  the Group\u2019s business model for managing the financial asset and, 2. the contractual cash flow characteristics of the asset. The Group\u2019s business model for managing financial assets is assessed at the portfolio level as this best reflects how the business and financial assets are managed to generate cash flows. Similarly, the Group assesses contractual cash flow characteristics of financial assets at the portfolio level, and where applicable, at the individual product level. There are three business models available: \u2022 Hold to Collect - Financial assets held with the objective of collecting contractual cash flows. These financial assets are subsequently measured at amortised cost and are recorded in multiple lines on the Group\u2019s consolidated statement of financial position. \u2022 Hold to Collect and Sell - Financial assets held with the objective of both collecting contractual cash flows and selling financial assets. They are recorded as financial assets at fair value through other comprehensive income on the Group\u2019s consolidated statement of financial position. \u2022 Other  - Financial assets that do not meet the criteria of either \u201cHold to Collect\u201d or \u201cHold to Collect and Sell\u201d. They are recorded as financial assets at fair value through profit or loss on the Group\u2019s consolidated statement of financial position. The assessment of the business model requires judgement based on facts and circumstances upon initial recognition. As part of this assessment, the Group considers quantitative factors (e.g., the expected frequency and volume of sales) and qualitative factors such as how the performance of the business model and the financial assets held within that business model are evaluated and reported to the Leadership Team. In addition to taking into consideration the risks that affect the performance of the business model and the financial assets held within that business model, in particular, how those market and credit risks are managed; and how managers of the business are compensated (e.g., whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected). This assessment results in an asset being classified in either a Hold to Collect, Hold to Collect and Sell or Other business model. If the Group holds a financial asset either in a Hold to Collect or a Hold to Collect and Sell busi- ness model, then an assessment at initial recognition to determine whether the contractual cash flows of the financial asset are Solely payments of principal and interest (SPPI) test is required to determine the financial asset classification. Contractual cash flows that are SPPI compliant, are consistent with a basic lending arrangement. Principal for the purpose of this test is defined as the fair value of the financial asset at initial rec- ognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortisation of the premium/discount). Interest in a basic lending arrangement is consideration for the time value of money and the credit risk associated with the principal amount outstanding during a particular period of time. It can also include consideration for other basic lending risks (e.g., liquidity risk) and costs (e.g., administrative costs) associated with holding the financial asset for a particular period of time; and a profit margin that is consistent with a basic lending arrangement. In contrast, contractual terms that introduce a more than de minimis exposure to risks or volatility in the contractual cash flows that are unrelated to a basic lending arrangement do not give rise to contractual cash flows that are solely payments of principal and interest on the amount outstand- ing. In such cases, the financial asset is required to be measured at FVPL Categories of financial assets include the following: 1.  Financial assets measured at amortised cost are debt instruments held within a Hold to Collect business model and for which the contractual cash flows are SPPI compliant. The Group\u2019s finan- cial assets measured at amortised cost include loans to customers, cash and cash equivalents, receivables from sold portfolio, receivables from banks, debt investments and other financial assets from third parties. Under this measurement category, the financial asset is measured at fair value at initial recognition. Subsequently the carrying amount is reduced for principal payments, plus or minus the cumulative amortisation using the effective interest method. After initial measurement, the Group determines loss allowances related to financial assets, using the expected credit loss (\"ECL\") model. The Group\u2019s ECL model, inputs, and assumptions are dis- closed in Note 3.2. Financial assets measured at amortised cost are recognised on a settlement date basis. 2. Financial assets measured at FVOCI are debt instruments, that are held in a Hold to Collect and Sell business model and for which the contractual cash flows are SPPI compliant or equity instruments that would otherwise be classified as financial assets at FVPL that are irrevocably designated as financial assets at FVOCI at initial recognition. Equity instruments are instruments that meet the definition of equity from the issuer's perspective, that is, instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer's net assets. Financial assets classified as FVOCI are recognised or derecognised on settlement date. This category is expected to have limited usage by the Group and has not been used to date. 3. Financial assets are classified at fair value through profit or loss if they are held in the Other business model because they are either held for trading or because they do not meet the criteria for Hold to Collect or Hold to Collect and Sell. In addition, they include financial assets that meet the criteria for Hold to Collect or Hold to Collect and Sell business model but fail the SPPI test, or where the Group designates the financial assets under the fair value option. The Group\u2019s financial assets at FVPL consist of derivative financial assets that are used to hedge the cash flow impact of changes in exchange rates, and as a result, do not fall in either of the preceding categories. 2.5.14.3 Modification of contractual cash flows of financial assets A modification occurs when there is a change in the contractual cash flows of a financial asset due to modifications or renegotiations to the terms and conditions of the underlying loan agreement with the borrower. These modifications can take different forms, can happen at different stages during the maturity period of the loan.  Taking cognisance of the nature of the modifications granted by the Group (Note 4.2.8), given that the terms are not substantially different, the modification is not expected to result in derecogni- tion, and the Group recalculates the gross carrying amount based on the revised cash flows of the financial asset and recognises a modification gain or loss in profit or loss if material. If the terms are substantially different, the Group derecognises the original financial asset and recognises a 'new' asset at fair value and recalculates a new effective interest rate for the asset. The date of renegotiation is consequently considered to be the date of initial recognition for im- pairment calculation purposes, including for the purpose of determining whether a significant increase in credit risk has occurred. However, the Group would also assess whether the new financial asset recognised is deemed to be credit-impaired at initial recognition, especially in circumstances where the renegotiation was driven by the debtor being unable to make the originally agreed payments. Differences in the carrying amount would also be recognised in profit or loss as a gain or loss on derecognition. The new gross carrying amount is recalculated by discounting the modified cash flows at the original EIR (or credit-adjusted effective interest rate for purchased or originated credit-impaired financial assets) . 2.5.14.4 Derecognition of financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of the consideration received (including any new asset obtained less any new liability assumed) is rec- ognised in the consolidated statement of profit or loss. If an existing financial asset is replaced by another asset from the same counterparty on sub- stantially different terms, or if the terms of the financial asset are substantially modified (due to forbearance measures or otherwise), the existing financial asset is derecognised and a new asset is recognised. Any difference between the respective carrying amounts is recognised in the consolidated statement of profit or loss . 2.5.15 Prepaid expenses and other assets Prepaid expenses refer to payments made in advance for goods or services that a company will receive in the future. These payments create a right to receive future economic benefits. As such, they are recognised as assets until the related goods or services are consumed or the economic benefits are realised. Once consumed or realised, the prepaid expense is then recognised as an expense in the consolidated statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-419": {
   "value": "2.5.12 Cash and cash equivalents Cash and cash equivalents include cash at banks and on hand, as well as short-term highly liquid investments that are readily convertible to known amounts of cash with the maturities at the acquisition of three months or less, as well as bank deposits with maturities or contractual call periods at the acquisition of three months or less. Bank deposits that are set aside as collateral to fund the Group\u2019s forward contracts and do not meet the definition of cash and cash equivalents, are classified as financial assets at amortised cost and presented as receivables from banks under other financial assets in the consolidated statement of financial position. 2.5.13 Derivative financial instruments The Group's risk management policy includes foreign currency forward contracts. All derivatives arising from such contracts are recognised initially at fair value when a derivative contract is en- tered into and subsequently remeasured at fair value. Derivative financial assets and derivative financial liabilities are presented in the assets and liabilities sections of the consolidated statement of financial position, respectively. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Discounted Cash Flow (DCF) models are used to determine the fair values of over-the- counter derivatives which comprise foreign currency forward contracts. This involves projecting future cash flows, discounting them back to present value using a rate that considers risk factors, and calculating the fair value. Foreign currency forward contracts are valued at market-forward exchange rates. Changes in fair value are measured by comparing these rates with the original contract-forward rate. The Group does not apply hedge accounting. As a result, realised and unrealised gains and losses  arising from changes in fair values of the derivative financial assets and liabilities during the  financial period are recognised as fair value and foreign exchange gains and losses in the Group\u2019s consolidated statement of profit or loss as described in Note 2.5.8.1. 2.5.14 Financial assets 2.5.14.1 Initial recognition and measurement of financial assets The Group recognises a financial asset in its statement of financial position when it becomes a party to the contractual provisions of the instrument. Regular purchases and sales of financial assets are recognised on the settlement date, which is the date on which the Group purchases or sells the asset.  At initial recognition, the Group measures a financial asset at its fair value plus or minus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are incre- mental and directly attributable to the acquisition or issue of the financial asset, such as fees and commissions. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Immediately after initial recognition, an expected credit loss allowance (ECL) is recognised for financial assets measured at amortised cost which results in an accounting loss being recognised in profit or loss when an asset is newly originated. When the fair value of financial assets differs from the transaction price on initial recognition, the Group recognises the difference as follows:  \u2022 When the fair value is evidenced by a quoted price in an active market for an identical asset (i.e. a Level 1 input) or based on a valuation technique that uses only data from observable markets, the difference is recognised as a gain or loss. \u2022 In all other cases, the difference is deferred and the timing of recognition of deferred day one profit or loss is determined individually. It is either amortised over the life of the instrument, deferred until the instrument's fair value can be determined using market observable inputs, or realised through settlement. 2.5.14.2 Classification and subsequent measurement of financial assets The Group classifies its financial assets as financial assets subsequently measured at amortised cost (carrying amount less expected credit losses), financial assets measured at fair value with changes recognised through other comprehensive income (\"FVOCI\"), and financial assets mea- sured at fair value with changes recognised through profit and loss (\"FVPL\"). The appropriate category is selected based on 1.  the Group\u2019s business model for managing the financial asset and, 2. the contractual cash flow characteristics of the asset. The Group\u2019s business model for managing financial assets is assessed at the portfolio level as this best reflects how the business and financial assets are managed to generate cash flows. Similarly, the Group assesses contractual cash flow characteristics of financial assets at the portfolio level, and where applicable, at the individual product level. There are three business models available: \u2022 Hold to Collect - Financial assets held with the objective of collecting contractual cash flows. These financial assets are subsequently measured at amortised cost and are recorded in multiple lines on the Group\u2019s consolidated statement of financial position. \u2022 Hold to Collect and Sell - Financial assets held with the objective of both collecting contractual cash flows and selling financial assets. They are recorded as financial assets at fair value through other comprehensive income on the Group\u2019s consolidated statement of financial position. \u2022 Other  - Financial assets that do not meet the criteria of either \u201cHold to Collect\u201d or \u201cHold to Collect and Sell\u201d. They are recorded as financial assets at fair value through profit or loss on the Group\u2019s consolidated statement of financial position. The assessment of the business model requires judgement based on facts and circumstances upon initial recognition. As part of this assessment, the Group considers quantitative factors (e.g., the expected frequency and volume of sales) and qualitative factors such as how the performance of the business model and the financial assets held within that business model are evaluated and reported to the Leadership Team. In addition to taking into consideration the risks that affect the performance of the business model and the financial assets held within that business model, in particular, how those market and credit risks are managed; and how managers of the business are compensated (e.g., whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected). This assessment results in an asset being classified in either a Hold to Collect, Hold to Collect and Sell or Other business model. If the Group holds a financial asset either in a Hold to Collect or a Hold to Collect and Sell busi- ness model, then an assessment at initial recognition to determine whether the contractual cash flows of the financial asset are Solely payments of principal and interest (SPPI) test is required to determine the financial asset classification. Contractual cash flows that are SPPI compliant, are consistent with a basic lending arrangement. Principal for the purpose of this test is defined as the fair value of the financial asset at initial rec- ognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortisation of the premium/discount). Interest in a basic lending arrangement is consideration for the time value of money and the credit risk associated with the principal amount outstanding during a particular period of time. It can also include consideration for other basic lending risks (e.g., liquidity risk) and costs (e.g., administrative costs) associated with holding the financial asset for a particular period of time; and a profit margin that is consistent with a basic lending arrangement. In contrast, contractual terms that introduce a more than de minimis exposure to risks or volatility in the contractual cash flows that are unrelated to a basic lending arrangement do not give rise to contractual cash flows that are solely payments of principal and interest on the amount outstand- ing. In such cases, the financial asset is required to be measured at FVPL . Categories of financial assets include the following: 1.  Financial assets measured at amortised cost are debt instruments held within a Hold to Collect business model and for which the contractual cash flows are SPPI compliant. The Group\u2019s finan- cial assets measured at amortised cost include loans to customers, cash and cash equivalents, receivables from sold portfolio, receivables from banks, debt investments and other financial assets from third parties. Under this measurement category, the financial asset is measured at fair value at initial recognition. Subsequently the carrying amount is reduced for principal payments, plus or minus the cumulative amortisation using the effective interest method. After initial measurement, the Group determines loss allowances related to financial assets, using the expected credit loss (\"ECL\") model. The Group\u2019s ECL model, inputs, and assumptions are dis- closed in Note 3.2. Financial assets measured at amortised cost are recognised on a settlement date basis. 2. Financial assets measured at FVOCI are debt instruments, that are held in a Hold to Collect and Sell business model and for which the contractual cash flows are SPPI compliant or equity instruments that would otherwise be classified as financial assets at FVPL that are irrevocably designated as financial assets at FVOCI at initial recognition. Equity instruments are instruments that meet the definition of equity from the issuer's perspective, that is, instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer's net assets. Financial assets classified as FVOCI are recognised or derecognised on settlement date. This category is expected to have limited usage by the Group and has not been used to date. 3. Financial assets are classified at fair value through profit or loss if they are held in the Other business model because they are either held for trading or because they do not meet the criteria for Hold to Collect or Hold to Collect and Sell. In addition, they include financial assets that meet the criteria for Hold to Collect or Hold to Collect and Sell business model but fail the SPPI test, or where the Group designates the financial assets under the fair value option. The Group\u2019s financial assets at FVPL consist of derivative financial assets that are used to hedge the cash flow impact of changes in exchange rates, and as a result, do not fall in either of the preceding categories. 2.5.14.3 Modification of contractual cash flows of financial assets A modification occurs when there is a change in the contractual cash flows of a financial asset due to modifications or renegotiations to the terms and conditions of the underlying loan agreement with the borrower. These modifications can take different forms, can happen at different stages during the maturity period of the loan.  Taking cognisance of the nature of the modifications granted by the Group (Note 4.2.8), given that the terms are not substantially different, the modification is not expected to result in derecogni- tion, and the Group recalculates the gross carrying amount based on the revised cash flows of the financial asset and recognises a modification gain or loss in profit or loss if material. If the terms are substantially different, the Group derecognises the original financial asset and recognises a 'new' asset at fair value and recalculates a new effective interest rate for the asset. The date of renegotiation is consequently considered to be the date of initial recognition for im- pairment calculation purposes, including for the purpose of determining whether a significant increase in credit risk has occurred. However, the Group would also assess whether the new financial asset recognised is deemed to be credit-impaired at initial recognition, especially in circumstances where the renegotiation was driven by the debtor being unable to make the originally agreed payments. Differences in the carrying amount would also be recognised in profit or loss as a gain or loss on derecognition. The new gross carrying amount is recalculated by discounting the modified cash flows at the original EIR (or credit-adjusted effective interest rate for purchased or originated credit-impaired financial assets) . 2.5.14.4 Derecognition of financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of the consideration received (including any new asset obtained less any new liability assumed) is rec- ognised in the consolidated statement of profit or loss. If an existing financial asset is replaced by another asset from the same counterparty on sub- stantially different terms, or if the terms of the financial asset are substantially modified (due to forbearance measures or otherwise), the existing financial asset is derecognised and a new asset is recognised. Any difference between the respective carrying amounts is recognised in the consolidated statement of profit or loss . 2.5.19 Financial liabilities 2.5.19.1 Initial recognition and measurement of financial liabilities The Group recognises a financial liability on its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group generally recognises financial liabilities on initial measurement at their fair value including transaction costs, and subsequently measures them at amortised cost using the effective interest method, with resulting interest ex- pense recognised as an interest expense in the consolidated statement of profit or loss, except for financial liabilities at FVPL, which are initially measured at fair value, excluding directly attributable transaction costs, and after that are carried at fair value, with changes in fair value recognised through profit or loss. The Group\u2019s financial liabilities at FVPL consist of derivative financial liabili- ties used to hedge the cash flow impact of changes in exchange rates. At initial recognition, the Group assesses whether an issued debt instrument should be classified as an equity instrument. The Group considers all relevant contractual terms to determine whether the instrument does not include a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or liabilities with another entity under conditions that are potentially unfavourable to the Group. In applying these criteria, the Group considers that discretionary payments of the principal amount, or any interests thereon, to the holders of the issued instrument do not constitute a contractual obligation and hence are recognised as movement in equity. 2.5.19.2 Classification and subsequent measurement of financial liabilities Financial liabilities are classified as subsequently measured at amortised cost, except for: \u2022  Financial liabilities at fair value through profit or loss: this classification is applied to derivatives; and \u2022  Loan commitments. The Group generally classifies all its issued debt securities as financial liabilities subsequently mea- sured at amortised cost. The Group\u2019s financial liabilities measured at amortised cost consist of debt securities, deposits from customers, lease liabilities, and other liabilities that will be extinguished through cash payments. 2.5.19.3 Modification of financial liabilities When the modification of the terms of an existing financial liability is not judged to be substantial and, consequently, does not result in derecognition, the amortised cost of the financial liability is recalculated by computing the present value of estimated future contractual cash flows that are discounted at the financial liability\u2019s original EIR. Any resulting difference is recognised immedi- ately in profit or loss. 2.5.19.4 Derecognition of financial liabilities The Group derecognises a financial liability, or portion of a financial liability, when its contractual obligations that comprise the financial liability are discharged, cancelled or expired . An exchange between the Group and the lender of debt instruments with substantially different terms is the extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability, or a part of an existing financial liability, is accounted for as an extinguishment of the original financial liability and the recognition of a new one. The terms of a financial liability are considered substantially different if the discounted present value of the cash flows under the new terms is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability. The Group recognises the difference between the carrying amount of a financial liability or part of a financial liability, extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred, or liabilities assumed, as gain or loss in the consolidated statement of profit or loss. When the Group repurchases a part of a financial liability, the Group allocates the previous carry- ing amount of the financial liability between the part that continues to be recognised and the part that is derecognised based on the relative fair values of those parts on the date of the repurchase. Similarly, the Group recognises the difference between the carrying amount allocated to the part derecognised and the consideration paid, including any non-cash assets transferred, or liabilities assumed, for the part derecognised in the consolidated statement of profit or loss . 2.5.20 Provisions, accruals and other liabilities The Group recognises a non-financial liability when there are existing contractual obligations or when it can identify an event that will likely lead to contractual obligations in the future, accompa- nied by a probable economic outflow. Multitude recognises provisions when the following criteria are met: 1.  Present obligation: There must be a present obligation (legal or constructive) as a result of past events; 2. Probable outflow of resources: It is probable (more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation; 3. Reliable estimate: The amount recognised as a provision should represent the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are reviewed at each reporting date, and adjustments are made to reflect the current best estimate. The provision is reversed if it is no longer probable that an outflow of resources will be required to settle the obligation. If the estimate of the provision changes, and it is still probable that an outflow of resources is needed, the change is accounted for as a change in accounting estimate . Other liabilities comprise obligations to pay for goods or services that have been acquired in the ordinary course of business. Other liabilities are recognised initially at fair value and measured subsequently at amortised cost using the EIR. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-420": {
   "value": "2.5.13 Derivative financial instruments The Group's risk management policy includes foreign currency forward contracts. All derivatives arising from such contracts are recognised initially at fair value when a derivative contract is en- tered into and subsequently remeasured at fair value. Derivative financial assets and derivative  financial liabilities are presented in the assets and liabilities sections of the consolidated statement of financial position, respectively. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Discounted Cash Flow (DCF) models are used to determine the fair values of over-the- counter derivatives which comprise foreign currency forward contracts. This involves projecting future cash flows, discounting them back to present value using a rate that considers risk factors, and calculating the fair value. Foreign currency forward contracts are valued at market-forward exchange rates. Changes in fair value are measured by comparing these rates with the original contract-forward rate. The Group does not apply hedge accounting. As a result, realised and unrealised gains and losses  arising from changes in fair values of the derivative financial assets and liabilities during the  financial period are recognised as fair value and foreign exchange gains and losses in the Group\u2019s consolidated statement of profit or loss as described in Note 2.5.8.1. 2.5.19 Financial liabilities 2.5.19.1 Initial recognition and measurement of financial liabilities The Group recognises a financial liability on its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group generally recognises financial liabilities on initial measurement at their fair value including transaction costs, and subsequently measures them at amortised cost using the effective interest method, with resulting interest ex- pense recognised as an interest expense in the consolidated statement of profit or loss, except for financial liabilities at FVPL, which are initially measured at fair value, excluding directly attributable transaction costs, and after that are carried at fair value, with changes in fair value recognised through profit or loss. The Group\u2019s financial liabilities at FVPL consist of derivative financial liabili- ties used to hedge the cash flow impact of changes in exchange rates. At initial recognition, the Group assesses whether an issued debt instrument should be classified as an equity instrument. The Group considers all relevant contractual terms to determine whether the instrument does not include a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or liabilities with another entity under conditions that are potentially unfavourable to the Group. In applying these criteria, the Group considers that discretionary payments of the principal amount, or any interests thereon, to the holders of the issued instrument do not constitute a contractual obligation and hence are recognised as movement in equity. 2.5.19.2 Classification and subsequent measurement of financial liabilities Financial liabilities are classified as subsequently measured at amortised cost, except for: \u2022  Financial liabilities at fair value through profit or loss: this classification is applied to derivatives; and \u2022  Loan commitments. The Group generally classifies all its issued debt securities as financial liabilities subsequently mea- sured at amortised cost. The Group\u2019s financial liabilities measured at amortised cost consist of debt securities, deposits from customers, lease liabilities, and other liabilities that will be extinguished through cash payments2.5.19.3 Modification of financial liabilities When the modification of the terms of an existing financial liability is not judged to be substantial and, consequently, does not result in derecognition, the amortised cost of the financial liability is recalculated by computing the present value of estimated future contractual cash flows that are discounted at the financial liability\u2019s original EIR. Any resulting difference is recognised immedi- ately in profit or loss. 2.5.19.4 Derecognition of financial liabilities The Group derecognises a financial liability, or portion of a financial liability, when its contractual obligations that comprise the financial liability are discharged, cancelled or expired . An exchange between the Group and the lender of debt instruments with substantially different terms is the extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability, or a part of an existing financial liability, is accounted for as an extinguishment of the original financial liability and the recognition of a new one. The terms of a financial liability are considered substantially different if the discounted present value of the cash flows under the new terms is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability. The Group recognises the difference between the carrying amount of a financial liability or part of a financial liability, extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred, or liabilities assumed, as gain or loss in the consolidated statement of profit or loss. When the Group repurchases a part of a financial liability, the Group allocates the previous carry- ing amount of the financial liability between the part that continues to be recognised and the part that is derecognised based on the relative fair values of those parts on the date of the repurchase. Similarly, the Group recognises the difference between the carrying amount allocated to the part derecognised and the consideration paid, including any non-cash assets transferred, or liabilities assumed, for the part derecognised in the consolidated statement of profit or loss . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-421": {
   "value": "2.5.13 Derivative financial instruments The Group's risk management policy includes foreign currency forward contracts. All derivatives arising from such contracts are recognised initially at fair value when a derivative contract is en- tered into and subsequently remeasured at fair value. Derivative financial assets and derivative financial liabilities are presented in the assets and liabilities sections of the consolidated statement of financial position, respectively. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Discounted Cash Flow (DCF) models are used to determine the fair values of over-the- counter derivatives which comprise foreign currency forward contracts. This involves projecting future cash flows, discounting them back to present value using a rate that considers risk factors, and calculating the fair value. Foreign currency forward contracts are valued at market-forward exchange rates. Changes in fair value are measured by comparing these rates with the original contract-forward rate. The Group does not apply hedge accounting. As a result, realised and unrealised gains and losses  arising from changes in fair values of the derivative financial assets and liabilities during the  financial period are recognised as fair value and foreign exchange gains and losses in the Group\u2019s consolidated statement of profit or loss as described in Note 2.5.8.1.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-422": {
   "value": "2.5.13 Derivative financial instruments The Group's risk management policy includes foreign currency forward contracts. All derivatives arising from such contracts are recognised initially at fair value when a derivative contract is en- tered into and subsequently remeasured at fair value. Derivative financial assets and derivative financial liabilities are presented in the assets and liabilities sections of the consolidated statement of financial position, respectively. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative. Discounted Cash Flow (DCF) models are used to determine the fair values of over-the- counter derivatives which comprise foreign currency forward contracts. This involves projecting future cash flows, discounting them back to present value using a rate that considers risk factors, and calculating the fair value. Foreign currency forward contracts are valued at market-forward exchange rates. Changes in fair value are measured by comparing these rates with the original contract-forward rate. The Group does not apply hedge accounting. As a result, realised and unrealised gains and losses  arising from changes in fair values of the derivative financial assets and liabilities during the  financial period are recognised as fair value and foreign exchange gains and losses in the Group\u2019s consolidated statement of profit or loss as described in Note 2.5.8.1.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-423": {
   "value": "2.5.14 Financial assets 2.5.14.1 Initial recognition and measurement of financial assets The Group recognises a financial asset in its statement of financial position when it becomes a party to the contractual provisions of the instrument. Regular purchases and sales of financial assets are recognised on the settlement date, which is the date on which the Group purchases or sells the asset.  At initial recognition, the Group measures a financial asset at its fair value plus or minus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are incre- mental and directly attributable to the acquisition or issue of the financial asset, such as fees and commissions. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Immediately after initial recognition, an expected credit loss allowance (ECL) is recognised for financial assets measured at amortised cost which results in an accounting loss being recognised in profit or loss when an asset is newly originated. When the fair value of financial assets differs from the transaction price on initial recognition, the Group recognises the difference as follows:  \u2022 When the fair value is evidenced by a quoted price in an active market for an identical asset (i.e. a Level 1 input) or based on a valuation technique that uses only data from observable markets, the difference is recognised as a gain or loss. \u2022 In all other cases, the difference is deferred and the timing of recognition of deferred day one profit or loss is determined individually. It is either amortised over the life of the instrument, deferred until the instrument's fair value can be determined using market observable inputs, or realised through settlement. 2.5.14.2 Classification and subsequent measurement of financial assets The Group classifies its financial assets as financial assets subsequently measured at amortised cost (carrying amount less expected credit losses), financial assets measured at fair value with changes recognised through other comprehensive income (\"FVOCI\"), and financial assets mea- sured at fair value with changes recognised through profit and loss (\"FVPL\"). The appropriate category is selected based on 1.  the Group\u2019s business model for managing the financial asset and, 2. the contractual cash flow characteristics of the asset. The Group\u2019s business model for managing financial assets is assessed at the portfolio level as this best reflects how the business and financial assets are managed to generate cash flows. Similarly, the Group assesses contractual cash flow characteristics of financial assets at the portfolio level, and where applicable, at the individual product level. There are three business models available: \u2022 Hold to Collect - Financial assets held with the objective of collecting contractual cash flows. These financial assets are subsequently measured at amortised cost and are recorded in multiple lines on the Group\u2019s consolidated statement of financial position. \u2022 Hold to Collect and Sell - Financial assets held with the objective of both collecting contractual cash flows and selling financial assets. They are recorded as financial assets at fair value through other comprehensive income on the Group\u2019s consolidated statement of financial position. \u2022 Other  - Financial assets that do not meet the criteria of either \u201cHold to Collect\u201d or \u201cHold to Collect and Sell\u201d. They are recorded as financial assets at fair value through profit or loss on the Group\u2019s consolidated statement of financial position. The assessment of the business model requires judgement based on facts and circumstances upon initial recognition. As part of this assessment, the Group considers quantitative factors (e.g., the expected frequency and volume of sales) and qualitative factors such as how the performance of the business model and the financial assets held within that business model are evaluated and reported to the Leadership Team. In addition to taking into consideration the risks that affect the performance of the business model and the financial assets held within that business model, in particular, how those market and credit risks are managed; and how managers of the business are compensated (e.g., whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected). This assessment results in an asset being classified in either a Hold to Collect, Hold to Collect and Sell or Other business model. If the Group holds a financial asset either in a Hold to Collect or a Hold to Collect and Sell busi- ness model, then an assessment at initial recognition to determine whether the contractual cash flows of the financial asset are Solely payments of principal and interest (SPPI) test is required to determine the financial asset classification. Contractual cash flows that are SPPI compliant, are consistent with a basic lending arrangement. Principal for the purpose of this test is defined as the fair value of the financial asset at initial rec- ognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortisation of the premium/discount). Interest in a basic lending arrangement is consideration for the time value of money and the credit risk associated with the principal amount outstanding during a particular period of time. It can also include consideration for other basic lending risks (e.g., liquidity risk) and costs (e.g., administrative costs) associated with holding the financial asset for a particular period of time; and a profit margin that is consistent with a basic lending arrangement. In contrast, contractual terms that introduce a more than de minimis exposure to risks or volatility in the contractual cash flows that are unrelated to a basic lending arrangement do not give rise to contractual cash flows that are solely payments of principal and interest on the amount outstand- ing. In such cases, the financial asset is required to be measured at FVPL . Categories of financial assets include the following: 1.  Financial assets measured at amortised cost are debt instruments held within a Hold to Collect business model and for which the contractual cash flows are SPPI compliant. The Group\u2019s finan- cial assets measured at amortised cost include loans to customers, cash and cash equivalents, receivables from sold portfolio, receivables from banks, debt investments and other financial assets from third parties. Under this measurement category, the financial asset is measured at fair value at initial recognition. Subsequently the carrying amount is reduced for principal payments, plus or minus the cumulative amortisation using the effective interest method. After initial measurement, the Group determines loss allowances related to financial assets, using the expected credit loss (\"ECL\") model. The Group\u2019s ECL model, inputs, and assumptions are dis- closed in Note 3.2. Financial assets measured at amortised cost are recognised on a settlement date basis. 2. Financial assets measured at FVOCI are debt instruments, that are held in a Hold to Collect and Sell business model and for which the contractual cash flows are SPPI compliant or equity instruments that would otherwise be classified as financial assets at FVPL that are irrevocably designated as financial assets at FVOCI at initial recognition. Equity instruments are instruments that meet the definition of equity from the issuer's perspective, that is, instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer's net assets. Financial assets classified as FVOCI are recognised or derecognised on settlement date. This category is expected to have limited usage by the Group and has not been used to date. 3. Financial assets are classified at fair value through profit or loss if they are held in the Other business model because they are either held for trading or because they do not meet the criteria for Hold to Collect or Hold to Collect and Sell. In addition, they include financial assets that meet the criteria for Hold to Collect or Hold to Collect and Sell business model but fail the SPPI test, or where the Group designates the financial assets under the fair value option. The Group\u2019s financial assets at FVPL consist of derivative financial assets that are used to hedge the cash flow impact of changes in exchange rates, and as a result, do not fall in either of the preceding categories. 2.5.14.3 Modification of contractual cash flows of financial assets A modification occurs when there is a change in the contractual cash flows of a financial asset due to modifications or renegotiations to the terms and conditions of the underlying loan agreement with the borrower. These modifications can take different forms, can happen at different stages during the maturity period of the loan.  Taking cognisance of the nature of the modifications granted by the Group (Note 4.2.8), given that the terms are not substantially different, the modification is not expected to result in derecogni- tion, and the Group recalculates the gross carrying amount based on the revised cash flows of the financial asset and recognises a modification gain or loss in profit or loss if material. If the terms are substantially different, the Group derecognises the original financial asset and recognises a 'new' asset at fair value and recalculates a new effective interest rate for the asset. The date of renegotiation is consequently considered to be the date of initial recognition for im- pairment calculation purposes, including for the purpose of determining whether a significant increase in credit risk has occurred. However, the Group would also assess whether the new financial asset recognised is deemed to be credit-impaired at initial recognition, especially in circumstances where the renegotiation was driven by the debtor being unable to make the originally agreed payments. Differences in the carrying amount would also be recognised in profit or loss as a gain or loss on derecognition. The new gross carrying amount is recalculated by discounting the modified cash flows at the original EIR (or credit-adjusted effective interest rate for purchased or originated credit-impaired financial assets) . 2.5.14.4 Derecognition of financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of the consideration received (including any new asset obtained less any new liability assumed) is rec- ognised in the consolidated statement of profit or loss. If an existing financial asset is replaced by another asset from the same counterparty on sub- stantially different terms, or if the terms of the financial asset are substantially modified (due to forbearance measures or otherwise), the existing financial asset is derecognised and a new asset is recognised. Any difference between the respective carrying amounts is recognised in the consolidated statement of profit or loss . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-424": {
   "value": "2.5.14.3 Modification of contractual cash flows of financial assets A modification occurs when there is a change in the contractual cash flows of a financial asset due to modifications or renegotiations to the terms and conditions of the underlying loan agreement with the borrower. These modifications can take different forms, can happen at different stages during the maturity period of the loan.  Taking cognisance of the nature of the modifications granted by the Group (Note 4.2.8), given that the terms are not substantially different, the modification is not expected to result in derecogni- tion, and the Group recalculates the gross carrying amount based on the revised cash flows of the financial asset and recognises a modification gain or loss in profit or loss if material. If the terms are substantially different, the Group derecognises the original financial asset and recognises a 'new' asset at fair value and recalculates a new effective interest rate for the asset. The date of renegotiation is consequently considered to be the date of initial recognition for im- pairment calculation purposes, including for the purpose of determining whether a significant increase in credit risk has occurred. However, the Group would also assess whether the new financial asset recognised is deemed to  be credit-impaired at initial recognition, especially in circumstances where the renegotiation was driven by the debtor being unable to make the originally agreed payments. Differences in the carrying amount would also be recognised in profit or loss as a gain or loss on derecognition. The new gross carrying amount is recalculated by discounting the modified cash flows at the original EIR (or credit-adjusted effective interest rate for purchased or originated credit-impaired financial assets) ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-425": {
   "value": "2.5.14.4 Derecognition of financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of the consideration received (including any new asset obtained less any new liability assumed) is rec- ognised in the consolidated statement of profit or loss. If an existing financial asset is replaced by another asset from the same counterparty on sub- stantially different terms, or if the terms of the financial asset are substantially modified (due to forbearance measures or otherwise), the existing financial asset is derecognised and a new asset is recognised. Any difference between the respective carrying amounts is recognised in the consolidated statement of profit or loss ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-426": {
   "value": "2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition . Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. 2.5.17 Leases The Group\u2019s lease agreements primarily relate to leases of office buildings and equipment. At contract inception, the Group assesses whether a contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration and, accordingly, recognises a right-of-use asset and a lease liability for all leases with a lease term exceeding 12 months. The commencement date is when the lessor makes the underlying leased asset available for use by the Group. The Group companies generally enter into lease contracts that have a lease term varying between 1 and 5 years with a prolongation option of a similar range. The Group companies make assumptions on expected lease term that include prolongation option (Note 3.5). The Group applies the practical expedient whereby leases for which the lease term is 12 months or less at the lease commencement date (short-term leases) are not recognised in its consolidated statement of financial position. Instead, the Group recognises the lease payments associated with short-term leases as an operating expense on a straight-line basis over the lease term. At the same time, the Group recognises lease payments as an operating expense in the case of leases for which the underlying asset is of low value. Other payments for non-lease components (e.g., property tax- es, insurance payments and property service costs), are recognised as an expense when incurred. Right-of-use asset: The right-of-use asset is initially measured at cost, which includes the amount of the initial mea- surement of the lease liability, any lease payments made at or before the commencement date, and estimated restoration costs of the leased asset to the condition required by the contract at the end of the lease period, less any lease incentives and any initial direct costs incurred. After initial measurement, right-of-use assets are measured at cost less any accumulated depre- ciation and any accumulated impairment losses and adjusted for certain remeasurements of the lease liability. The right-of-use asset is depreciated using the straight-line method, from the com- mencement date to the earlier of the end of the contractual lease term, or the estimated useful economic lives of the right-of-use assets, as follows: Office buildings: 3 \u2013 6 years Office equipment: 3 \u2013 4 years The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options, including extension periods of open-ended contracts. The Group reassesses whether it is reasonably certain to exercise the options and extension periods if there is a significant event or significant changes in circumstances within its control. Lease liability: At the commencement date, lease liabilities are measured at the present value of lease payments to be made over the lease term. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, as well as any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The lease payments include fixed lease payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and appropriate termination fees whenever the lease term is determined based on the expectation that the Group will exercise its option to terminate. The Group does not generally enter into lease contracts with variable lease payments linked to future performance or use of an underlying asset. Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. Incremental borrowing rate: The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. This rate is calculated at the beginning of the lease and is unique for every Group company - lessee (Note 3.6). 2.5.18 Property, plant and equipment Property, plant and equipment are recognised in the financial statements at their carrying amount, equal to the cost of acquisition less cumulative depreciation, and where applica- ble, accumulated impairment. The acquisition cost includes costs directly attributable to the  acquisition of the asset. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are recognised as expense in the consolidated statement of profit or loss when they are incurred. Property, plant and equipment are depreciated using the straight-line method towards their residual values and over their estimated useful lives, as follows: Office renovations: 3 \u2013 8 years Furnitures, fittings, and equipment: 3 \u2013 8 years If appropriate the asset\u2019s residual value and useful life are reviewed and adjusted at the end of each reporting period. Gain or loss on disposal is determined as the difference between the net disposal proceeds and the carrying amount. The gain or loss from disposal is recognised in other expense line item in the consolidated statement of profit or loss . 2.5.25 Impairment of non-financial assets Property, plant and equipment, intangible assets, and right-of-use assets are reviewed for impair- ment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The impairment loss is recognised as other expense in the consolidated statement of profit or loss when the asset\u2019s carrying amount exceeds its recoverable amount, which is the higher of the asset\u2019s fair value less costs of disposal and its value-in-use . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-427": {
   "value": "2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition . Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. 2.5.17 Leases The Group\u2019s lease agreements primarily relate to leases of office buildings and equipment. At contract inception, the Group assesses whether a contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration and, accordingly, recognises a right-of-use asset and a lease liability for all leases with a lease term exceeding 12 months. The commencement date is when the lessor makes the underlying leased asset available for use by the Group. The Group companies generally enter into lease contracts that have a lease term varying between 1 and 5 years with a prolongation option of a similar range. The Group companies make assumptions on expected lease term that include prolongation option (Note 3.5). The Group applies the practical expedient whereby leases for which the lease term is 12 months or less at the lease commencement date (short-term leases) are not recognised in its consolidated statement of financial position. Instead, the Group recognises the lease payments associated with short-term leases as an operating expense on a straight-line basis over the lease term. At the same time, the Group recognises lease payments as an operating expense in the case of leases for which the underlying asset is of low value. Other payments for non-lease components (e.g., property tax- es, insurance payments and property service costs), are recognised as an expense when incurred. Right-of-use asset: The right-of-use asset is initially measured at cost, which includes the amount of the initial mea- surement of the lease liability, any lease payments made at or before the commencement date, and estimated restoration costs of the leased asset to the condition required by the contract at the end of the lease period, less any lease incentives and any initial direct costs incurred. After initial measurement, right-of-use assets are measured at cost less any accumulated depre- ciation and any accumulated impairment losses and adjusted for certain remeasurements of the lease liability. The right-of-use asset is depreciated using the straight-line method, from the com- mencement date to the earlier of the end of the contractual lease term, or the estimated useful economic lives of the right-of-use assets, as follows: Office buildings: 3 \u2013 6 years Office equipment: 3 \u2013 4 years The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options, including extension periods of open-ended contracts. The Group reassesses whether it is reasonably certain to exercise the options and extension periods if there is a significant event or significant changes in circumstances within its control. Lease liability: At the commencement date, lease liabilities are measured at the present value of lease payments to be made over the lease term. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, as well as any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The lease payments include fixed lease payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and appropriate termination fees whenever the lease term is determined based on the expectation that the Group will exercise its option to terminate. The Group does not generally enter into lease contracts with variable lease payments linked to future performance or use of an underlying asset. Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. Incremental borrowing rate: The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. This rate is calculated at the beginning of the lease and is unique for every Group company - lessee (Note 3.6). 2.5.18 Property, plant and equipment Property, plant and equipment are recognised in the financial statements at their carrying amount, equal to the cost of acquisition less cumulative depreciation, and where applica- ble, accumulated impairment. The acquisition cost includes costs directly attributable to the  acquisition of the asset. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are recognised as expense in the consolidated statement of profit or loss when they are incurred. Property, plant and equipment are depreciated using the straight-line method towards their residual values and over their estimated useful lives, as follows: Office renovations: 3 \u2013 8 years Furnitures, fittings, and equipment: 3 \u2013 8 years If appropriate the asset\u2019s residual value and useful life are reviewed and adjusted at the end of each reporting period. Gain or loss on disposal is determined as the difference between the net disposal proceeds and the carrying amount. The gain or loss from disposal is recognised in other expense line item in the consolidated statement of profit or loss 2.5.25 Impairment of non-financial assets Property, plant and equipment, intangible assets, and right-of-use assets are reviewed for impair- ment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The impairment loss is recognised as other expense in the consolidated statement of profit or loss when the asset\u2019s carrying amount exceeds its recoverable amount, which is the higher of the asset\u2019s fair value less costs of disposal and its value-in-use ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition . Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-429": {
   "value": "2.5.16 Intangible assets The Group\u2019s intangible assets mainly consist of internally generated and capitalised software development costs, and computer software purchased from third parties. The Group also has licences and trademarks that are presented under other intangible assets. Intangible assets acquired separately are measured on initial recognition at cost. The cost of in- tangible assets acquired in a business combination is their fair value as of the date of acquisition Research costs associated with internally generated intangible assets are expensed in the period when they are incurred. Development costs are capitalised only if the Group has the technical fea- sibility to complete the asset, has an ability and intention to use or sell the asset, can demonstrate that the asset will generate future economic benefits, has resources available to complete the asset, and can measure the expenditure reliably during development. After initial recognition, the intangible assets with a finite useful life are carried at cost less ac- cumulated amortisation and impairment losses. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected consumption pattern of future economic benefits embodied in the asset can lead to a modification of the amortisation period or method. Such modifications are treated as changes in accounting estimates. Finite intangible assets are amortised using the straight-line method, which is considered to reflect best the pattern in which the asset\u2019s future economic benefits are expected to be consumed, over their useful economic lives as follows: Capitalised development costs: 2 \u2013 5 years Computer software: 2 \u2013 10 years Trademarks: 3 \u2013 5 years Licences: 2 \u2013 10 years An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. 2.5.25 Impairment of non-financial assets Property, plant and equipment, intangible assets, and right-of-use assets are reviewed for impair- ment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The impairment loss is recognised as other expense in the consolidated statement of profit or loss when the asset\u2019s carrying amount exceeds its recoverable amount, which is the higher of the asset\u2019s fair value less costs of disposal and its value-in-use . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProgrammingAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-430": {
   "value": "2.5.17 Leases The Group\u2019s lease agreements primarily relate to leases of office buildings and equipment. At contract inception, the Group assesses whether a contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration and, accordingly, recognises a right-of-use asset and a lease liability for all leases with a lease term exceeding 12 months. The commencement date is when the lessor makes the underlying leased asset available for use by the Group. The Group companies generally enter into lease contracts that have a lease term varying between 1 and 5 years with a prolongation option of a similar range. The Group companies make assumptions on expected lease term that include prolongation option (Note 3.5). The Group applies the practical expedient whereby leases for which the lease term is 12 months or less at the lease commencement date (short-term leases) are not recognised in its consolidated statement of financial position. Instead, the Group recognises the lease payments associated with short-term leases as an operating expense on a straight-line basis over the lease term. At the same time, the Group recognises lease payments as an operating expense in the case of leases for which the underlying asset is of low value. Other payments for non-lease components (e.g., property tax- es, insurance payments and property service costs), are recognised as an expense when incurred. Right-of-use asset: The right-of-use asset is initially measured at cost, which includes the amount of the initial mea- surement of the lease liability, any lease payments made at or before the commencement date, and estimated restoration costs of the leased asset to the condition required by the contract at the end of the lease period, less any lease incentives and any initial direct costs incurred. After initial measurement, right-of-use assets are measured at cost less any accumulated depre- ciation and any accumulated impairment losses and adjusted for certain remeasurements of the lease liability. The right-of-use asset is depreciated using the straight-line method, from the com- mencement date to the earlier of the end of the contractual lease term, or the estimated useful economic lives of the right-of-use assets, as follows: Office buildings: 3 \u2013 6 years Office equipment: 3 \u2013 4 years The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options, including extension periods of open-ended contracts. The Group reassesses whether it is reasonably certain to exercise the options and extension periods if there is a significant event or significant changes in circumstances within its control. Lease liability: At the commencement date, lease liabilities are measured at the present value of lease payments to be made over the lease term. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, as well as any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The lease payments include fixed lease payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and appropriate termination fees whenever the lease term is determined based on the expectation that the Group will exercise its option to terminate. The Group does not generally enter into lease contracts with variable lease payments linked to future performance or use of an underlying asset. Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. Incremental borrowing rate: The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. This rate is calculated at the beginning of the lease and is unique for every Group company - lessee (Note 3.6). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-431": {
   "value": "2.5.17 Leases The Group\u2019s lease agreements primarily relate to leases of office buildings and equipment. At contract inception, the Group assesses whether a contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration and, accordingly, recognises a right-of-use asset and a lease liability for all leases with a lease term exceeding 12 months. The commencement date is when the lessor makes the underlying leased asset available for use by the Group. The Group companies generally enter into lease contracts that have a lease term varying between 1 and 5 years with a prolongation option of a similar range. The Group companies make assumptions on expected lease term that include prolongation option (Note 3.5). The Group applies the practical expedient whereby leases for which the lease term is 12 months or less at the lease commencement date (short-term leases) are not recognised in its consolidated statement of financial position. Instead, the Group recognises the lease payments associated with short-term leases as an operating expense on a straight-line basis over the lease term. At the same time, the Group recognises lease payments as an operating expense in the case of leases for which the underlying asset is of low value. Other payments for non-lease components (e.g., property tax- es, insurance payments and property service costs), are recognised as an expense when incurred. Right-of-use asset: The right-of-use asset is initially measured at cost, which includes the amount of the initial mea- surement of the lease liability, any lease payments made at or before the commencement date, and estimated restoration costs of the leased asset to the condition required by the contract at the end of the lease period, less any lease incentives and any initial direct costs incurred. After initial measurement, right-of-use assets are measured at cost less any accumulated depre- ciation and any accumulated impairment losses and adjusted for certain remeasurements of the lease liability. The right-of-use asset is depreciated using the straight-line method, from the com- mencement date to the earlier of the end of the contractual lease term, or the estimated useful economic lives of the right-of-use assets, as follows: Office buildings: 3 \u2013 6 years Office equipment: 3 \u2013 4 years The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options, including extension periods of open-ended contracts. The Group reassesses whether it is reasonably certain to exercise the options and extension periods if there is a significant event or significant changes in circumstances within its control. Lease liability: At the commencement date, lease liabilities are measured at the present value of lease payments to be made over the lease term. The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, as well as any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The lease payments include fixed lease payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and appropriate termination fees whenever the lease term is determined based on the expectation that the Group will exercise its option to terminate. The Group does not generally enter into lease contracts with variable lease payments linked to future performance or use of an underlying asset. Lease payments are allocated between principal and interest expense. The interest expense is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. In addition, the carrying amounts for the right-of-use asset and lease liability are remeasured if there is a modification, a change in the lease term or a change in the future lease payments resulting from a change in an index or rate used to determine such lease payments. The interest component of the lease payments is recognised as interest expense within net interest income in the consolidated statement of profit or loss. Incremental borrowing rate: The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. This rate is calculated at the beginning of the lease and is unique for every Group company - lessee (Note 3.6). 2.5.18 Property, plant and equipment Property, plant and equipment are recognised in the financial statements at their carrying amount, equal to the cost of acquisition less cumulative depreciation, and where applica- ble, accumulated impairment. The acquisition cost includes costs directly attributable to the  acquisition of the asset. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are recognised as expense in the consolidated statement of profit or loss when they are incurred. Property, plant and equipment are depreciated using the straight-line method towards their residual values and over their estimated useful lives, as follows: Office renovations: 3 \u2013 8 years Furnitures, fittings, and equipment: 3 \u2013 8 years If appropriate the asset\u2019s residual value and useful life are reviewed and adjusted at the end of each reporting period. Gain or loss on disposal is determined as the difference between the net disposal proceeds and the carrying amount. The gain or loss from disposal is recognised in other expense line item in the consolidated statement of profit or loss . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-432": {
   "value": "2.5.18 Property, plant and equipment Property, plant and equipment are recognised in the financial statements at their carrying amount, equal to the cost of acquisition less cumulative depreciation, and where applica- ble, accumulated impairment. The acquisition cost includes costs directly attributable to the  acquisition of the asset. Subsequent costs are included in the asset\u2019s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are recognised as expense in the consolidated statement of profit or loss when they are incurred. Property, plant and equipment are depreciated using the straight-line method towards their residual values and over their estimated useful lives, as follows: Office renovations: 3 \u2013 8 years Furnitures, fittings, and equipment: 3 \u2013 8 years If appropriate the asset\u2019s residual value and useful life are reviewed and adjusted at the end of each reporting period. Gain or loss on disposal is determined as the difference between the net disposal proceeds and the carrying amount. The gain or loss from disposal is recognised in other expense line item in the consolidated statement of profit or loss . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-433": {
   "value": "2.5.19 Financial liabilities 2.5.19.1 Initial recognition and measurement of financial liabilities The Group recognises a financial liability on its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group generally recognises financial liabilities on initial measurement at their fair value including transaction costs, and subsequently measures them at amortised cost using the effective interest method, with resulting interest ex- pense recognised as an interest expense in the consolidated statement of profit or loss, except for financial liabilities at FVPL, which are initially measured at fair value, excluding directly attributable transaction costs, and after that are carried at fair value, with changes in fair value recognised through profit or loss. The Group\u2019s financial liabilities at FVPL consist of derivative financial liabili- ties used to hedge the cash flow impact of changes in exchange rates. At initial recognition, the Group assesses whether an issued debt instrument should be classified as an equity instrument. The Group considers all relevant contractual terms to determine whether the instrument does not include a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or liabilities with another entity under conditions that are potentially unfavourable to the Group. In applying these criteria, the Group considers that discretionary payments of the principal amount, or any interests thereon, to the holders of the issued instrument do not constitute a contractual obligation and hence are recognised as movement in equity. 2.5.19.2 Classification and subsequent measurement of financial liabilities Financial liabilities are classified as subsequently measured at amortised cost, except for: \u2022  Financial liabilities at fair value through profit or loss: this classification is applied to derivatives; and \u2022  Loan commitments. The Group generally classifies all its issued debt securities as financial liabilities subsequently mea- sured at amortised cost. The Group\u2019s financial liabilities measured at amortised cost consist of debt securities, deposits from customers, lease liabilities, and other liabilities that will be extinguished through cash payments. 2.5.19.3 Modification of financial liabilities When the modification of the terms of an existing financial liability is not judged to be substantial and, consequently, does not result in derecognition, the amortised cost of the financial liability is recalculated by computing the present value of estimated future contractual cash flows that are discounted at the financial liability\u2019s original EIR. Any resulting difference is recognised immedi- ately in profit or loss. 2.5.19.4 Derecognition of financial liabilities The Group derecognises a financial liability, or portion of a financial liability, when its contractual obligations that comprise the financial liability are discharged, cancelled or expired An exchange between the Group and the lender of debt instruments with substantially different terms is the extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability, or a part of an existing financial liability, is accounted for as an extinguishment of the original financial liability and the recognition of a new one. The terms of a financial liability are considered substantially different if the discounted present value of the cash flows under the new terms is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability. The Group recognises the difference between the carrying amount of a financial liability or part of a financial liability, extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred, or liabilities assumed, as gain or loss in the consolidated statement of profit or loss. When the Group repurchases a part of a financial liability, the Group allocates the previous carry- ing amount of the financial liability between the part that continues to be recognised and the part that is derecognised based on the relative fair values of those parts on the date of the repurchase. Similarly, the Group recognises the difference between the carrying amount allocated to the part derecognised and the consideration paid, including any non-cash assets transferred, or liabilities assumed, for the part derecognised in the consolidated statement of profit or loss 2.5.21.3 Perpetual bonds The carrying amount of perpetual bonds issued by the Group, classified as an equity instrument, is presented as part of the equity in the consolidated statement of financial position. Transaction costs, interest payments, and principal repayments are deducted directly from retained earnings, net of tax. The nominal amount of the bonds is presented as separate line item within equity in the consolidated statement of financial position. In case of a full or partial redemption of perpetual bonds any premium or discount is also recognised in the retained earnings while nominal amount of redeemed bonds is deducted from the separate line (perpetual bonds) in the consolidated statement of financial position",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-434": {
   "value": "2.5.19 Financial liabilities 2.5.19.1 Initial recognition and measurement of financial liabilities The Group recognises a financial liability on its statement of financial position when it becomes a party to the contractual provisions of the instrument. The Group generally recognises financial liabilities on initial measurement at their fair value including transaction costs, and subsequently measures them at amortised cost using the effective interest method, with resulting interest ex- pense recognised as an interest expense in the consolidated statement of profit or loss, except for financial liabilities at FVPL, which are initially measured at fair value, excluding directly attributable transaction costs, and after that are carried at fair value, with changes in fair value recognised through profit or loss. The Group\u2019s financial liabilities at FVPL consist of derivative financial liabili- ties used to hedge the cash flow impact of changes in exchange rates. At initial recognition, the Group assesses whether an issued debt instrument should be classified as an equity instrument. The Group considers all relevant contractual terms to determine whether the instrument does not include a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets or liabilities with another entity under conditions that are potentially unfavourable to the Group. In applying these criteria, the Group considers that discretionary payments of the principal amount, or any interests thereon, to the holders of the issued instrument do not constitute a contractual obligation and hence are recognised as movement in equity. 2.5.19.2 Classification and subsequent measurement of financial liabilities Financial liabilities are classified as subsequently measured at amortised cost, except for: \u2022  Financial liabilities at fair value through profit or loss: this classification is applied to derivatives; and \u2022  Loan commitments. The Group generally classifies all its issued debt securities as financial liabilities subsequently mea- sured at amortised cost. The Group\u2019s financial liabilities measured at amortised cost consist of debt securities, deposits from customers, lease liabilities, and other liabilities that will be extinguished through cash payments. 2.5.19.3 Modification of financial liabilities When the modification of the terms of an existing financial liability is not judged to be substantial and, consequently, does not result in derecognition, the amortised cost of the financial liability is recalculated by computing the present value of estimated future contractual cash flows that are discounted at the financial liability\u2019s original EIR. Any resulting difference is recognised immedi- ately in profit or loss. 2.5.19.4 Derecognition of financial liabilities The Group derecognises a financial liability, or portion of a financial liability, when its contractual obligations that comprise the financial liability are discharged, cancelled or expired . An exchange between the Group and the lender of debt instruments with substantially different terms is the extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability, or a part of an existing financial liability, is accounted for as an extinguishment of the original financial liability and the recognition of a new one. The terms of a financial liability are considered substantially different if the discounted present value of the cash flows under the new terms is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability. The Group recognises the difference between the carrying amount of a financial liability or part of a financial liability, extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred, or liabilities assumed, as gain or loss in the consolidated statement of profit or loss. When the Group repurchases a part of a financial liability, the Group allocates the previous carry- ing amount of the financial liability between the part that continues to be recognised and the part that is derecognised based on the relative fair values of those parts on the date of the repurchase. Similarly, the Group recognises the difference between the carrying amount allocated to the part derecognised and the consideration paid, including any non-cash assets transferred, or liabilities assumed, for the part derecognised in the consolidated statement of profit or loss . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-435": {
   "value": "2.5.20 Provisions, accruals and other liabilities The Group recognises a non-financial liability when there are existing contractual obligations or when it can identify an event that will likely lead to contractual obligations in the future, accompa- nied by a probable economic outflow. Multitude recognises provisions when the following criteria are met: 1.  Present obligation: There must be a present obligation (legal or constructive) as a result of past events; 2. Probable outflow of resources: It is probable (more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation; 3. Reliable estimate: The amount recognised as a provision should represent the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are reviewed at each reporting date, and adjustments are made to reflect the current best estimate. The provision is reversed if it is no longer probable that an outflow of resources will be required to settle the obligation. If the estimate of the provision changes, and it is still probable that an outflow of resources is needed, the change is accounted for as a change in accounting estimate Other liabilities comprise obligations to pay for goods or services that have been acquired in the ordinary course of business. Other liabilities are recognised initially at fair value and measured subsequently at amortised cost using the EIR",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-436": {
   "value": "2.5.21 Equity 2.5.21.1 Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a deduction, net of tax, from the proceeds. The difference between the share par value and the fair value of considerations received in exchange for such shares are accounted for as additional paid-in capital. 2.5.21.2 Treasury shares The Group recognises its equity instruments that are acquired (treasury shares) as a reduction of equity at the cost of acquisition. When cancelled or reissued, the acquisition cost of treasury shares is recognised in retained earnings or other distributable equity reserves. 2.5.21.3 Perpetual bonds The carrying amount of perpetual bonds issued by the Group, classified as an equity instrument, is presented as part of the equity in the consolidated statement of financial position. Transaction costs, interest payments, and principal repayments are deducted directly from retained earnings, net of tax. The nominal amount of the bonds is presented as separate line item within equity in the consolidated statement of financial position. In case of a full or partial redemption of perpetual bonds any premium or discount is also recognised in the retained earnings while nominal amount of redeemed bonds is deducted from the separate line (perpetual bonds) in the consolidated statement of financial position. 2.5.21.4 Unrestricted equity reserve and other reserves The unrestricted equity reserve contains the amount paid for shares in a share issue, while other reserves include Multitude\u2019s legal reserves and foreign currency translation reserve. 2.5.21.5 Dividends The Group declares and pays dividends based on the shareholders' approval at the Annual General Meetings. Dividends are recognised as a liability and as a reduction of equity in the period they are approved. Dividends are measured at the amount of the distribution to shareholders. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-437": {
   "value": "2.5.21.2 Treasury shares The Group recognises its equity instruments that are acquired (treasury shares) as a reduction of equity at the cost of acquisition. When cancelled or reissued, the acquisition cost of treasury shares is recognised in retained earnings or other distributable equity reserves. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-438": {
   "value": "2.5.21.5 Dividends The Group declares and pays dividends based on the shareholders' approval at the Annual General Meetings. Dividends are recognised as a liability and as a reduction of equity in the period they are approved. Dividends are measured at the amount of the distribution to shareholders",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-439": {
   "value": "2.5.22 Contingent assets and contingent liabilities The Group discloses contingent assets and contingent liabilities such as commitments, guaran- tees, pledges, and other items that do not meet the recognition criteria for an asset or a liability to the extent that the amount can be measured reliably and that upon meeting such measurement criteria. The Group does not disclose contingent assets and contingent liabilities wherein the probability of the occurrence or non-occurrence of one or more uncertain future events that can confirm the existence of the underlying asset or liability is considered remote. At each reporting period, the Group performs a continuous assessment and monitoring of whether underlying events and circumstances give rise to assets and liabilities that require disclosure and recognition in its consolidated statement of financial position. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-440": {
   "value": "2.5.23 Offsetting financial instruments Financial assets and financial liabilities are generally reported gross in the consolidated statement of financial position, except when certain criteria are met. Financial assets and financial liabilities are offset, and the net amount is reported in the consolidated statement of financial position if the key conditions are met. The key conditions for offsetting financial instruments include: 1.  Intent and ability to settle net: There must be a current intention and ability to settle the financial instruments on a net basis. This means that the entity intends to settle the amounts due or realise the assets and settle the liabilities simultaneously . 2. Legal right to settle net: There must be a legally enforceable right to set off the recognised amounts. This often involves a legal agreement between the parties involved that explicitly permits net settlement. 3. Right to settle on a net basis: The right to set off must apply to the financial instruments indi- vidually or in combination with others and must be exercisable in the normal course of business, not just in the event of default or liquidation. 4. Same counterparty: The financial instruments must be with the same counterparty or with a group of counterparties in a master netting arrangement. 5. Close link between the instruments: There should be a close link between the financial assets and financial liabilities, such as those arising from a master netting arrangement or a similar agreement. Other instruments are only offset and reported net when, in addition to having an unconditional legally enforceable right to offset the recognised amounts without being contingent on a future event, the Group also intends to settle on a net basis in all the following circumstances: 1.  The ordinary course of business. 2. The event of voluntary liquidation of any Group company. 3. The event of insolvency or bankruptcy of any Group company and/or its counterparties. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-441": {
   "value": "2.5.24 Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an or- derly transaction between market participants at the measurement date. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest, by using quoted market rates, discounted cash flow analyses and other appropriate valuation models. The Group uses valuation techniques that are appropriate, depending on circumstances and for which sufficient data is available to measure fair value, while maximising the use of relevant observable inputs and minimising the use of unobservable inputs. All financial instruments for which fair values are being measured or disclosed in the consolidated financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 - Quoted (unadjusted) market prices for exchange-traded products in active markets for identical assets or liabilities; Level 2 - Valuation techniques for which significant inputs other than quoted prices are directly or indirectly observable; and Level 3 - Valuation techniques for which significant inputs are unobservable. The Group categorises assets and liabilities that are measured at fair value regularly into an appro- priate level of the fair value hierarchy at the end of each reporting period as presented in Notes 15 and 20 for financial assets and liabilities, respectively ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-442": {
   "value": "3. Significant accounting judgements, estimates and assumptions The preparation of financial statements requires the use of management judgement in electing and applying accounting policies, as well as making estimates and assumptions about the future. These judgements, estimates and assumptions may significantly affect the amounts recognised in the financial statements. The estimates and assumptions used in determining the carrying amounts of assets and liabili- ties are based on historical experience, expected outcomes and various other factors that were available when these consolidated financial statements were prepared, and they are believed to be reasonable under the circumstances. The estimates and assumptions are reviewed continually and revised if circumstances change or due to new information or more experience. As estimates and assumptions inherently contain varying uncertainty, actual outcomes may differ resulting in adjustments to the carrying amounts of assets and liabilities in the subsequent periods. The accounting matters presented in this Note are determined to involve difficult, subjective or complex judgements or are considered as key sources of estimation uncertainty that are applied by the Group in 2023. 3.1 Impact of climate risk on accounting judgements and estimates The Leadership Team has considered the impact of climate-related risks on Multitude\u2019s financial position and performance. While the effects of climate change are a source of uncertainty, the Leadership Team did not consider there to be a material impact on the critical judgements and estimates from the physical, transition and other climate-related risks in the short to medium term. 3.2 ECL model, inputs, and assumptions The measurement of the expected credit loss allowance for financial assets measured at amortised cost is an area that requires the use of complex models and significant assumptions about future economic conditions and credit behaviour. An explanation of the inputs, assumptions and estima- tion techniques used in measuring ECL is given below. A number of significant judgements are required by the Leadership Team in the measurement of ECL, such as: \u2022  Determining criteria for significant increase in credit risk (refer to Note 4.2.5.1); \u2022  Determining definition of default (refer to Note 4.2.5.2); \u2022  Choosing appropriate models and assumptions for the measurement of ECL (refer to Note 4.2.5.3); \u2022  Determining the value of the recoverable value of loans to customers, including the ability of the Group to sell credit portfolios as at a predetermined price in the future (refer to Note 4.2.5.3); and \u2022  Establishing the number and relative weightings of forward-looking scenarios and associated ECL (refer to Note 4.2.5.4). \u2022  The most significant areas of estimation uncertainty in the measurement of ECL relate to: \u2022  Estimating the inputs in the ECL model (refer to Note 4.2.5.3); \u2022  Application of weightings to different macroeconomic assumptions (refer to Notes 4.2.5.4 and 4.2.5.5). 3.3. Recoverability of deferred tax assets The recognition of deferred tax assets is based on assessing whether sufficient taxable profit will be available in the future to utilise the deductible temporary differences, unused tax losses and unused tax credits before the unused tax losses and unused tax credits expire. The Group uses judgement in determining the extent to which deferred tax assets can be recognised. This assessment requires estimates of the future financial performance of a particular legal entity or a tax group that has recognised the deferred tax asset.  3.4. Provisions and other contingent liabilities The Group operates within a regulatory and legal framework inherently characterised by a height- ened risk of litigation, inherent to its operations. Consequently, the Group is engaged in various litigation, arbitration, and regulatory investigations and proceedings, in Finland and other jurisdic- tions, arising in the ordinary course of the Group\u2019s business. Provisions are recorded for specific cases when the Group can reliably measure the outflow of economic benefits and deems such outflows probable. Contingent liability is disclosed in instances where the probability of outflow is considered not probable or it is probable but a reliable estimate cannot be determined. Given the subjectivity and uncertainty of determining the probability and amount of losses, the Group takes into account a number of factors including legal advice, the stage of the matter and historical evidence from similar incidents. Significant judgement is required to conclude on these estimates. For further details on provisions and other contingencies see Notes 20 and 24. 3.5. Determination of the lease term for lease contracts with renewal and  termination options The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. This applies also for open-ended lease contracts. The Group has several lease contracts that include extension and termination options. The Group applies judgement in evaluating whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease. That is, it considers all relevant factors that create an eco- nomic incentive for it to exercise either the renewal or termination. After the commencement date, the Group reassesses the lease term if there is a significant event or change in circumstances that is within its control that affects its ability to exercise or not to exercise the option to renew or to terminate (e.g., construction of significant leasehold improvements or significant customisation of the leased asset). 3.6. Estimating the incremental borrowing rate The Group cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (IBR) to measure lease liabilities. The IBR is the interest rate that the Group company - lessee would have to pay to borrow over a similar term, and with a similar secu- rity, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. The IBR therefore reflects what the Group \u2018would have to pay\u2019, which re- quires estimation when no observable rates are available (such as for subsidiaries that do not enter into financing transactions) or when they need to be adjusted to reflect the terms and conditions of the lease (for example, when leases are not in the subsidiary\u2019s functional currency). The Group company - lessee estimates the IBR using observable inputs (such as market interest rates) when available and is required to make certain entity-specific adjustments (such as the subsidiary\u2019s stand-alone credit rating, or to reflect the terms and conditions of the lease). 3.7. Fair value of rewards shares The Group applies a valuation methodology based on the Monte Carlo model and the assumption that logarithmic returns are normally distributed, considering the dividend-adjusted share price at valuation dates, expected rate of return, and risk-free volatility. Since the performance share plan is essentially a derivative, the Group applies a risk-neutral valuation concept that uses a risk-free rate as the expected return. Using this methodology, the Group calculated the performance share val- uation by modelling potential outcomes of the Group\u2019s share price at the end of the performance period and discounted the average calculated payoffs from each outcome to get the present value of the average payoffs after the performance period. 3.8. Investment in associates The Group has determined that, despite holding less than 20% of the voting rights in Sortter Oy, the Group exercises significant influence over Sortter Oy, as a main financier. This influence arises mainly from a material transaction (a substantial corporate loan extended to Sortter Oy), a right to impact decisions about dividend distribution and oversee the development of investee's financial results. The loan is classified as part of other financial assets in Multitude's consolidated statement of financial position. This loan constitutes a major portion of Sortter's liabilities, thereby exerting a significant impact on Sortter's financing policy as managed by its leadership. It has also been concluded that such investment is not material to the Group and will be disclosed in aggregate amount of its share in profit or loss, other comprehensive income and total comprehensive income . 3.9. Modification of financial assets The Group includes certain clauses in the terms and conditions of loan products which impact the amount and timing of interest income. Such clauses allow customers to request adjustments of repayment schedules (Note 4.2.8). Such adjustments are considered by Multitude to be part of modifications to the loan repayment schedule and hence are the source of critical accounting estimates due to uncertainty in timing of interest recognistion. These modifications relate to ex- tensions of payment terms or rescheduling. Multitude applies the average historical lifetime of its loan products to evaluate the impact of allowed modifications on the interest income at the inception of loans. The lifetime of loans is reassessed by the Group at a territory level based on more recent borrower behaviour patterns on a periodic basis. Such modifications are included in the estimation of effective interest rates and expected credit losses.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-443": {
   "value": "3.2 ECL model, inputs, and assumptions<span class=\"__2 _25f\"> </span>The measur<span class=\"__2 _200\"></span>ement of the expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for financial as<span class=\"__2 _200\"></span>sets measured at amortised cos<span class=\"__2 _200\"></span>t is an area that r<span class=\"__2 _200\"></span>equires the use of c<span class=\"__2 _200\"></span>omple<span class=\"__2 _200\"></span>x models and significant assumptions about future economic c<span class=\"__2 _200\"></span>onditions and credit beha<span class=\"__2 _200\"></span>viour<span class=\"__2 _201\"></span>. An explanation of the inputs, as<span class=\"__2 _200\"></span>sumptions and estima<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tion techniques used in measuring ECL is giv<span class=\"__2 _202\"></span>en below<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>A number of significant judgements are r<span class=\"__2 _200\"></span>equir<span class=\"__2 _200\"></span>ed by the Leadership T<span class=\"__2 _210\"></span>eam in the measurement of <div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs15a\">ECL, such as:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs15b\">\u2022 <span class=\"__2 _213\"> </span>Determining crit<span class=\"__2 _200\"></span>eria for significant increase in cr<span class=\"__2 _200\"></span>edit risk (r<span class=\"__2 _200\"></span>efer to Not<span class=\"__2 _200\"></span>e 4.2.5.<span class=\"__2 _200\"></span>1);<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs15c\">\u2022 <span class=\"__2 _213\"> </span>Determining definition of def<span class=\"__2 _200\"></span>ault (refer t<span class=\"__2 _200\"></span>o Note 4.2.5.2);<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs15d\">\u2022 <span class=\"__2 _213\"> </span><span class=\"ws91_2\">Choosing appropria<span class=\"__2 _200\"></span>te models and assumptions for the measur<span class=\"__2 _200\"></span>ement of ECL (r<span class=\"__2 _200\"></span>efer to Not<span class=\"__2 _200\"></span>e </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs15e\">4.2.5.3);<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs15f\">\u2022 <span class=\"__2 _213\"> </span><span class=\"ws10e_2\">Determining the v<span class=\"__2 _200\"></span>alue of the rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>able v<span class=\"__2 _200\"></span>alue of loans to cust<span class=\"__2 _200\"></span>omers, including the ability </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws100_2 gs160\">of the Group t<span class=\"__2 _200\"></span>o sell credit portf<span class=\"__2 _200\"></span>olios as at a predet<span class=\"__2 _200\"></span>ermined price in the futur<span class=\"__2 _200\"></span>e (refer t<span class=\"__2 _200\"></span>o Note </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs161\">4.2.5.3); and<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs162\">\u2022 <span class=\"__2 _213\"> </span><span class=\"ws10f_2\">Establishing the number and r<span class=\"__2 _200\"></span>elativ<span class=\"__2 _200\"></span>e weightings of forw<span class=\"__2 _200\"></span>ard-looking sc<span class=\"__2 _200\"></span>enarios and associat<span class=\"__2 _200\"></span>ed </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs163\">ECL (ref<span class=\"__2 _200\"></span>er to Note 4.2.5.4).<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs164\">\u2022 <span class=\"__2 _213\"> </span>The most significant ar<span class=\"__2 _200\"></span>eas of estimation unc<span class=\"__2 _200\"></span>ertainty in the measurement of ECL r<span class=\"__2 _200\"></span>elate t<span class=\"__2 _200\"></span>o:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs165\">\u2022 <span class=\"__2 _213\"> </span>Estimating the inputs in the ECL model (r<span class=\"__2 _200\"></span>efer to Not<span class=\"__2 _200\"></span>e 4.2.5.3);<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs166\">\u2022 <span class=\"__2 _213\"> </span><span class=\"wsb9_2\">Application of w<span class=\"__2 _200\"></span>eightings to differ<span class=\"__2 _200\"></span>ent macroec<span class=\"__2 _200\"></span>onomic assumptions (r<span class=\"__2 _200\"></span>efer to Not<span class=\"__2 _200\"></span>es 4.2.5.4 and </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs167\">4.2.5.5).<span class=\"__2 _25f\"> </span></div>4.2.5 Expected cr<span class=\"__2 _200\"></span>edit loss measurement<span class=\"__2 _25f\"> </span>IFRS 9 outlines a 'three-s<span class=\"__2 _200\"></span>tage' model for impairment based on changes in credit quality sinc<span class=\"__2 _200\"></span>e initial rec<span class=\"__2 _200\"></span>ognition as summarised below:<span class=\"__2 _25f\"> </span>I. <span class=\"__2 _211\"> </span>A financial instrument that is not cr<span class=\"__2 _202\"></span>edit-impaired on initial rec<span class=\"__2 _200\"></span>ognition is classified in 'Stage 1' and has its credit risk c<span class=\"__2 _200\"></span>ontinuously monitor<span class=\"__2 _200\"></span>ed by the Gr<span class=\"__2 _200\"></span>oup.<span class=\"__2 _25f\"> </span>II. <span class=\"__2 _202\"></span>If a significant increase in cr<span class=\"__2 _200\"></span>edit risk ('SICR') since initial r<span class=\"__2 _200\"></span>ecognition is identified, the financial instrument is mo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ed to 'Stage 2' but is not y<span class=\"__2 _200\"></span>et deemed to be cr<span class=\"__2 _200\"></span>edit-impaired. Please r<span class=\"__2 _200\"></span>efer t<span class=\"__2 _200\"></span>o Note 4.2.5.<span class=\"__2 _202\"></span>1 for a description of ho<span class=\"__2 _200\"></span>w the Group det<span class=\"__2 _200\"></span>ermines when a significant increase in cr<span class=\"__2 _200\"></span>edit risk has occurr<span class=\"__2 _200\"></span>ed.<span class=\"__2 _25f\"> </span>II<span class=\"__2 _203\"></span>I<span class=\"__2 _203\"></span>. <span class=\"__2 _203\"></span>If the financial instrument is cr<span class=\"__2 _200\"></span>edit-impaired, the financial ins<span class=\"__2 _200\"></span>trument is then mov<span class=\"__2 _202\"></span>ed to 'Stage 3'. Please ref<span class=\"__2 _200\"></span>er to Note 4.2.5.2 f<span class=\"__2 _200\"></span>or a description of how the Gr<span class=\"__2 _200\"></span>oup defines credit-impair<span class=\"__2 _200\"></span>ed and default.<span class=\"__2 _25f\"> </span>V<span class=\"__2 _210\"></span>. <span class=\"__2 _201\"></span>Financial instruments in \u2018Stage 1\u2019 ha<span class=\"__2 _200\"></span>ve their ECL measur<span class=\"__2 _200\"></span>ed at an amount equal to the portion of lifetime e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses that r<span class=\"__2 _200\"></span>esult from def<span class=\"__2 _200\"></span>ault ev<span class=\"__2 _202\"></span>ents possible within the next 12 months. Instruments in \u2018Stages 2 or 3\u2019 ha<span class=\"__2 _200\"></span>ve their ECL measur<span class=\"__2 _202\"></span>ed based on expected cr<span class=\"__2 _200\"></span>edit losses on a lifetime basis. Please r<span class=\"__2 _200\"></span>efer to Not<span class=\"__2 _200\"></span>e 4.2.5.3 for a description of inputs, assumptions and estimation t<span class=\"__2 _200\"></span>echniques used in measuring the ECL.<span class=\"__2 _25f\"> </span>V<span class=\"__2 _210\"></span>. <span class=\"__2 _204\"> </span>A perv<span class=\"__2 _200\"></span>asiv<span class=\"__2 _200\"></span>e concept in <span class=\"__2 _200\"></span>measuring ECL in accor<span class=\"__2 _200\"></span>dance with IFRS 9 is that it should c<span class=\"__2 _200\"></span>onsider forw<span class=\"__2 _200\"></span>ard looking informa<span class=\"__2 _200\"></span>tion. Note 4.2.5.4 includes an e<span class=\"__2 _200\"></span>xplanation of how the Gr<span class=\"__2 _200\"></span>oup incorpor<span class=\"__2 _200\"></span>ates this in its ECL models.<span class=\"__2 _25f\"> </span>VI.<span class=\"__2 _203\"></span> <span class=\"__2 _210\"></span>Purchased or originat<span class=\"__2 _200\"></span>ed credit-impair<span class=\"__2 _200\"></span>ed financial assets ar<span class=\"__2 _200\"></span>e those financial assets that ar<span class=\"__2 _200\"></span>e credit-<span class=\"__2 _25f\"> </span>impaired on initial r<span class=\"__2 _200\"></span>ecognition. T<span class=\"__2 _200\"></span>heir ECL is alwa<span class=\"__2 _200\"></span>ys measur<span class=\"__2 _200\"></span>ed on a lifetime basis.<span class=\"__2 _25f\"> </span>The follo<span class=\"__2 _202\"></span>wing diagram summarises the impairment requir<span class=\"__2 _202\"></span>ements under IFRS 9:<span class=\"__2 _25f\"> </span>The e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit loss r<span class=\"__2 _200\"></span>equirements apply t<span class=\"__2 _200\"></span>o financial assets measured a<span class=\"__2 _200\"></span>t amortised cost and certain loan c<span class=\"__2 _200\"></span>ommitments. At initial r<span class=\"__2 _200\"></span>ecognition, an impairment allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>e (<span class=\"__2 _200\"></span>or pro<span class=\"__2 _200\"></span>vision in the case of commitments<span class=\"__2 _200\"></span>) is requir<span class=\"__2 _200\"></span>ed for ECL r<span class=\"__2 _200\"></span>esulting from def<span class=\"__2 _200\"></span>ault ev<span class=\"__2 _200\"></span>ents that ar<span class=\"__2 _200\"></span>e possible within the ne<span class=\"__2 _200\"></span>xt 12 months (\u201c12-month ECL<span class=\"__2 _200\"></span>\u201d). In the ev<span class=\"__2 _200\"></span>ent of a significant increase in cr<span class=\"__2 _200\"></span>edit risk, an allo<span class=\"__2 _200\"></span>wance (<span class=\"__2 _200\"></span>or pro<span class=\"__2 _200\"></span>vision) is requir<span class=\"__2 _202\"></span>ed for ECL resulting fr<span class=\"__2 _200\"></span>om all possible default e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ents ov<span class=\"__2 _202\"></span>er the expect<span class=\"__2 _200\"></span>ed life of the financial instrument (\u201clifetime ECL<span class=\"__2 _202\"></span>\u201d). In line with the \u2018three stage\u2019 model described abo<span class=\"__2 _202\"></span>ve, financial assets wher<span class=\"__2 _200\"></span>e 12-month ECL is rec<span class=\"__2 _200\"></span>ognised are c<span class=\"__2 _200\"></span>onsidered \u2018Stage 1\u2019. Financial assets which are c<span class=\"__2 _200\"></span>onsidered t<span class=\"__2 _200\"></span>o hav<span class=\"__2 _200\"></span>e e<span class=\"__2 _200\"></span>xperienced a significant incr<span class=\"__2 _200\"></span>ease in credit risk w<span class=\"__2 _200\"></span>ould be classified as \u2018Stage 2\u2019 and financial assets for which ther<span class=\"__2 _202\"></span>e is objective e<span class=\"__2 _200\"></span>vidence of impairment, thus consider<span class=\"__2 _200\"></span>ed to be in def<span class=\"__2 _200\"></span>ault or otherwise credit-impair<span class=\"__2 _200\"></span>ed, would be clas<span class=\"__2 _200\"></span>sified as \u2018Stage 3\u2019.<span class=\"__2 _25f\"> </span>4.2.5.<span class=\"__2 _202\"></span>1 Significant increase in credit risk<span class=\"__2 _25f\"> </span>T<span class=\"__2 _210\"></span>o determine whether the credit risk (i.<span class=\"__2 _200\"></span>e. risk of default) on a financial ins<span class=\"__2 _200\"></span>trument has increased significantly since initial r<span class=\"__2 _200\"></span>ecognition, the Gr<span class=\"__2 _200\"></span>oup considers r<span class=\"__2 _200\"></span>easonable and supportable information that is r<span class=\"__2 _200\"></span>elev<span class=\"__2 _200\"></span>ant and av<span class=\"__2 _200\"></span>ailable without undue cos<span class=\"__2 _200\"></span>t or effort, including both quantitativ<span class=\"__2 _200\"></span>e and qualitativ<span class=\"__2 _200\"></span>e information. Such analy<span class=\"__2 _200\"></span>sis is based on the Group's his<span class=\"__2 _200\"></span>torical e<span class=\"__2 _200\"></span>xperience, cr<span class=\"__2 _200\"></span>edit assessment and forw<span class=\"__2 _200\"></span>ard-looking informa<span class=\"__2 _200\"></span>tion.<span class=\"__2 _25f\"> </span>L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span>The c<span class=\"__2 _200\"></span>onsumer lending exposur<span class=\"__2 _200\"></span>es of Multitude are not managed on a cr<span class=\"__2 _200\"></span>edit-b<span class=\"__2 _200\"></span>y-credit basis due to the high v<span class=\"__2 _202\"></span>olume of relativ<span class=\"__2 _200\"></span>ely low v<span class=\"__2 _200\"></span>alue and homogeneous e<span class=\"__2 _200\"></span>xposures. As a r<span class=\"__2 _200\"></span>esult, it is not feasible to include qualita<span class=\"__2 _200\"></span>tive inf<span class=\"__2 _200\"></span>ormation based on an expert cr<span class=\"__2 _202\"></span>edit assessment performed on an individual credit basis. On this basis, the Gr<span class=\"__2 _200\"></span>oup adopts a r<span class=\"__2 _200\"></span>etail portfolio methodology which tak<span class=\"__2 _200\"></span>es into acc<span class=\"__2 _200\"></span>ount the nature of the c<span class=\"__2 _200\"></span>onsumer lending exposur<span class=\"__2 _200\"></span>es and the underlying cr<span class=\"__2 _200\"></span>edit risk management pr<span class=\"__2 _200\"></span>actices of the Group<span class=\"__2 _200\"></span>. The c<span class=\"__2 _200\"></span>onsumer lending portfolio comprises of cr<span class=\"__2 _200\"></span>edit facilities with bullet r<span class=\"__2 _200\"></span>epayment or instalment loan char<span class=\"__2 _200\"></span>acteristics and r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities. Giv<span class=\"__2 _200\"></span>en ho<span class=\"__2 _200\"></span>w such retail f<span class=\"__2 _200\"></span>acilities are originat<span class=\"__2 _200\"></span>ed and managed for int<span class=\"__2 _200\"></span>ernal risk management purposes, consumer loans within a particular segment are e<span class=\"__2 _202\"></span>xpected to ha<span class=\"__2 _200\"></span>ve similar cr<span class=\"__2 _200\"></span>edit risk char<span class=\"__2 _200\"></span>acteristics. As a result, f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers, which are managed on a portf<span class=\"__2 _200\"></span>olio basis for credit risk purposes, the Group measur<span class=\"__2 _200\"></span>es a significant incr<span class=\"__2 _200\"></span>ease in credit risk based on a quantitativ<span class=\"__2 _200\"></span>e assessment driv<span class=\"__2 _202\"></span>en b<span class=\"__2 _200\"></span>y the delinquency status of borr<span class=\"__2 _200\"></span>ow<span class=\"__2 _200\"></span>ers (<span class=\"__2 _200\"></span>day<span class=\"__2 _200\"></span>s past due<span class=\"__2 _200\"></span>). The Group pr<span class=\"__2 _200\"></span>esumptiv<span class=\"__2 _200\"></span>ely considers that a significant increase in cr<span class=\"__2 _202\"></span>edit risk occurs when an asset is mor<span class=\"__2 _200\"></span>e than 30 day<span class=\"__2 _200\"></span>s past due, in line with the backst<span class=\"__2 _200\"></span>op indicator established under IFRS 9<span class=\"__2 _200\"></span>. Multitude determines da<span class=\"__2 _200\"></span>ys past due b<span class=\"__2 _200\"></span>y counting the number of day<span class=\"__2 _200\"></span>s since the earliest elapsed due da<span class=\"__2 _200\"></span>te in r<span class=\"__2 _200\"></span>espect of which full payment has not been rec<span class=\"__2 _200\"></span>eiv<span class=\"__2 _200\"></span>ed. For the financial y<span class=\"__2 _202\"></span>ear 2023, the Group asses<span class=\"__2 _200\"></span>sed all the different portf<span class=\"__2 _200\"></span>olios of loans to cust<span class=\"__2 _200\"></span>omers b<span class=\"__2 _200\"></span>y product and b<span class=\"__2 _200\"></span>y country to det<span class=\"__2 _200\"></span>ermine whether a significant increase in cr<span class=\"__2 _200\"></span>edit risk was observ<span class=\"__2 _202\"></span>ed. The asses<span class=\"__2 _200\"></span>sment is conducted b<span class=\"__2 _202\"></span>y analysing the ra<span class=\"__2 _200\"></span>te of default in the 1-<span class=\"__2 _200\"></span>30 day<span class=\"__2 _200\"></span>s past due ageing buck<span class=\"__2 _200\"></span>ets in each portfolio. When the Gr<span class=\"__2 _202\"></span>oup identifies a significant increase in credit risk in an<span class=\"__2 _200\"></span>y of the portfolios, it shifts the calculation of ECL of the r<span class=\"__2 _200\"></span>espectiv<span class=\"__2 _200\"></span>e ageing bucket fr<span class=\"__2 _200\"></span>om 12-month to lifetime as r<span class=\"__2 _200\"></span>equired b<span class=\"__2 _200\"></span>y IFRS 9. Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span>In rela<span class=\"__2 _200\"></span>tion to debt inv<span class=\"__2 _202\"></span>estments, a significant increase in cr<span class=\"__2 _200\"></span>edit risk is deemed to arise, if the count<span class=\"__2 _200\"></span>erparty\u2019s cr<span class=\"__2 _200\"></span>edit ra<span class=\"__2 _200\"></span>ting experienc<span class=\"__2 _200\"></span>es specific downgr<span class=\"__2 _200\"></span>ades from the initial r<span class=\"__2 _202\"></span>ating determined at inception of the in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment or if there is a br<span class=\"__2 _200\"></span>each of co<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>enants which are deemed t<span class=\"__2 _200\"></span>o be \u2018major<span class=\"__2 _203\"></span>\u2019 by the Group<span class=\"__2 _200\"></span>. The Risk Management function e<span class=\"__2 _200\"></span>valuat<span class=\"__2 _200\"></span>es and assesses these in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments at inception in order t<span class=\"__2 _200\"></span>o determine the cr<span class=\"__2 _200\"></span>edit quality of the inv<span class=\"__2 _200\"></span>estment and pot<span class=\"__2 _200\"></span>ential credit risks that ma<span class=\"__2 _200\"></span>y arise. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, on an ongoing basis, the Gr<span class=\"__2 _200\"></span>oup actively monit<span class=\"__2 _200\"></span>ors respectiv<span class=\"__2 _202\"></span>e credit risk rela<span class=\"__2 _200\"></span>ted clauses that ha<span class=\"__2 _200\"></span>ve been agr<span class=\"__2 _200\"></span>eed to in or<span class=\"__2 _200\"></span>der to ensur<span class=\"__2 _200\"></span>e that these are s<span class=\"__2 _200\"></span>till being adhered to<span class=\"__2 _200\"></span>. The Gr<span class=\"__2 _200\"></span>oup also conducts periodical as<span class=\"__2 _200\"></span>sessments in relation t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _202\"></span>e portfolio, in or<span class=\"__2 _200\"></span>der to asses<span class=\"__2 _200\"></span>s ho<span class=\"__2 _200\"></span>w much it should pro<span class=\"__2 _200\"></span>vide for the e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses. In order f<span class=\"__2 _200\"></span>or its ECL methodology to repr<span class=\"__2 _200\"></span>esent an appr<span class=\"__2 _200\"></span>opriate estimation of its cr<span class=\"__2 _200\"></span>edit risk emanating fr<span class=\"__2 _200\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Gr<span class=\"__2 _200\"></span>oup assesses the ECL on each in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment separa<span class=\"__2 _200\"></span>tely<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>Cash and cash equivalents<span class=\"__2 _25f\"> </span>In rela<span class=\"__2 _200\"></span>tion to cash and cash equiv<span class=\"__2 _200\"></span>alents, the Group applies lo<span class=\"__2 _200\"></span>w credit risk simplification and does not measure SICR unles<span class=\"__2 _200\"></span>s there is a significant decr<span class=\"__2 _200\"></span>ease in independent credit r<span class=\"__2 _200\"></span>atings giv<span class=\"__2 _200\"></span>en to Centr<span class=\"__2 _200\"></span>al Banks and other banks.<span class=\"__2 _25f\"> </span>Other financial assets<span class=\"__2 _25f\"> </span>In the case of other financial assets, the Gr<span class=\"__2 _200\"></span>oup applies low cr<span class=\"__2 _200\"></span>edit risk simplification to all its e<span class=\"__2 _200\"></span>xposures c<span class=\"__2 _200\"></span>onsidered \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019, thus the<span class=\"__2 _200\"></span>y are not subject t<span class=\"__2 _200\"></span>o the SICR assessment. Mo<span class=\"__2 _200\"></span>ving from \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019 t<span class=\"__2 _200\"></span>o \u2018non-inv<span class=\"__2 _200\"></span>estment gr<span class=\"__2 _200\"></span>ade\u2019 does not automatically mean that ther<span class=\"__2 _200\"></span>e has been a SICR.<span class=\"__2 _25f\"> </span>4.2.5.2 Definition of default and cr<span class=\"__2 _200\"></span>edit-impaired assets<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s as<span class=\"__2 _200\"></span>sessment to det<span class=\"__2 _200\"></span>ermine the ext<span class=\"__2 _200\"></span>ent of increase in cr<span class=\"__2 _200\"></span>edit risk of a financial instrument since initial r<span class=\"__2 _200\"></span>ecognition is performed b<span class=\"__2 _202\"></span>y considering the change in the risk of default oc<span class=\"__2 _200\"></span>curring o<span class=\"__2 _200\"></span>ver the r<span class=\"__2 _200\"></span>emaining life of the financial instrument. IFRS 9 does not specifically define default but r<span class=\"__2 _200\"></span>equires it t<span class=\"__2 _200\"></span>o be applied on a consist<span class=\"__2 _200\"></span>ent basis with<span class=\"__2 _25f\"> </span>internal cr<span class=\"__2 _200\"></span>edit risk management practic<span class=\"__2 _200\"></span>e for the r<span class=\"__2 _200\"></span>elev<span class=\"__2 _200\"></span>ant instruments and r<span class=\"__2 _200\"></span>equires c<span class=\"__2 _200\"></span>onsideration of qualitativ<span class=\"__2 _200\"></span>e fact<span class=\"__2 _200\"></span>ors where appr<span class=\"__2 _200\"></span>opriate. For the absolut<span class=\"__2 _200\"></span>e majority of consumer loans, default oc<span class=\"__2 _200\"></span>curs when the e<span class=\"__2 _200\"></span>xposure e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ceeds 90 da<span class=\"__2 _200\"></span>ys past due, e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>ept for Micro L<span class=\"__2 _200\"></span>oans in Germany for which def<span class=\"__2 _200\"></span>ault occurs when the e<span class=\"__2 _200\"></span>xposures e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eed 60 day<span class=\"__2 _200\"></span>s past due. F<span class=\"__2 _200\"></span>or corpor<span class=\"__2 _200\"></span>ate clients, def<span class=\"__2 _200\"></span>ault occurs when the e<span class=\"__2 _200\"></span>xposures e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eeds 90 day<span class=\"__2 _200\"></span>s past due.<span class=\"__2 _25f\"> </span>In addition, IFRS 9 also introduc<span class=\"__2 _200\"></span>es a rebuttable pr<span class=\"__2 _200\"></span>esumption that default does not oc<span class=\"__2 _200\"></span>cur later than when a financial asset is 90 da<span class=\"__2 _200\"></span>ys past due unles<span class=\"__2 _200\"></span>s there is r<span class=\"__2 _200\"></span>easonable and supportable information to demonstr<span class=\"__2 _202\"></span>ate that a mor<span class=\"__2 _200\"></span>e lagging criterion is appropria<span class=\"__2 _200\"></span>te. In this r<span class=\"__2 _200\"></span>espect, the Group gener<span class=\"__2 _200\"></span>ally defines a financial instrument as in def<span class=\"__2 _200\"></span>ault (cr<span class=\"__2 _200\"></span>edit impaired and in Stage 3 f<span class=\"__2 _200\"></span>or impairment purposes), when the borro<span class=\"__2 _202\"></span>wer is more than 90 da<span class=\"__2 _202\"></span>ys past due on any ma<span class=\"__2 _200\"></span>terial credit obliga<span class=\"__2 _200\"></span>tion to the Group<span class=\"__2 _200\"></span>. During 2023, the Gr<span class=\"__2 _200\"></span>oup has further aligned the definition of default on a number of pr<span class=\"__2 _200\"></span>oducts in specific territ<span class=\"__2 _200\"></span>ories from 60 t<span class=\"__2 _200\"></span>o 90 day<span class=\"__2 _200\"></span>s in line with internal risk management pr<span class=\"__2 _200\"></span>actices and analysis of the pay back r<span class=\"__2 _202\"></span>ates arising on such portfolio<span class=\"__2 _200\"></span>. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, in acc<span class=\"__2 _200\"></span>ordanc<span class=\"__2 _200\"></span>e with EBA guidelines, the Gr<span class=\"__2 _200\"></span>oup factors in observ<span class=\"__2 _200\"></span>able e<span class=\"__2 _200\"></span>vents which ma<span class=\"__2 _200\"></span>y indicate Unlik<span class=\"__2 _202\"></span>eliness-<span class=\"__2 _201\"></span>T<span class=\"__2 _201\"></span>o-Pa<span class=\"__2 _200\"></span>y (\u2018UTP<span class=\"__2 _203\"></span>\u2019) which also cons<span class=\"__2 _200\"></span>titute default. T<span class=\"__2 _200\"></span>hrough this pr<span class=\"__2 _200\"></span>ocess, the Gr<span class=\"__2 _202\"></span>oup assesses de<span class=\"__2 _202\"></span>velopments occurring a<span class=\"__2 _200\"></span>t the lev<span class=\"__2 _200\"></span>el of the individual debtor<span class=\"__2 _201\"></span>. T<span class=\"__2 _200\"></span>he UTP criteria adopted b<span class=\"__2 _200\"></span>y Multitude are the follo<span class=\"__2 _200\"></span>wing:<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws20_2\">Suspected Fr<span class=\"__2 _200\"></span>aud - UTP is triggered if a loan has been identified as pos<span class=\"__2 _200\"></span>sible fraud in the fr<span class=\"__2 _200\"></span>aud </span>management tool;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws124_2\">Insolv<span class=\"__2 _200\"></span>ency - UTP is triggered if a cus<span class=\"__2 _200\"></span>tomer has notified the Multitude Gr<span class=\"__2 _200\"></span>oup of insolvency<span class=\"__2 _201\"></span>, </span>through either c<span class=\"__2 _200\"></span>ollection tool or debt manager s<span class=\"__2 _200\"></span>yst<span class=\"__2 _200\"></span>ems; and<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws52_2\">Death - UTP is trigger<span class=\"__2 _200\"></span>ed if the Group has been notified of death, thr<span class=\"__2 _200\"></span>ough either collection t<span class=\"__2 _200\"></span>ool </span>or debt manager sy<span class=\"__2 _200\"></span>stems.<span class=\"__2 _25f\"> </span>The UTP asses<span class=\"__2 _200\"></span>sment enhances the ECL methodology thr<span class=\"__2 _200\"></span>ough the application of a loan-by<span class=\"__2 _200\"></span>-loan focus with a vie<span class=\"__2 _200\"></span>w to det<span class=\"__2 _200\"></span>ermine on the basis of qualitative f<span class=\"__2 _200\"></span>actors, and befor<span class=\"__2 _202\"></span>e the hard day<span class=\"__2 _200\"></span>s past due criterion is met, whether a cus<span class=\"__2 _200\"></span>tomer<span class=\"__2 _203\"></span>\u2019<span class=\"__2 _200\"></span>s credit risk has det<span class=\"__2 _200\"></span>eriorat<span class=\"__2 _200\"></span>ed to a le<span class=\"__2 _200\"></span>vel which is indica<span class=\"__2 _200\"></span>tive of default. The definitions of cr<span class=\"__2 _200\"></span>edit-impaired and def<span class=\"__2 _200\"></span>ault are aligned so that Stage 3 r<span class=\"__2 _202\"></span>epresents all loans which are c<span class=\"__2 _200\"></span>onsidered def<span class=\"__2 _200\"></span>aulted or cr<span class=\"__2 _200\"></span>edit-impaired. Whene<span class=\"__2 _202\"></span>ver the Gr<span class=\"__2 _200\"></span>oup enters into a f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d sale agreement with a thir<span class=\"__2 _200\"></span>d party<span class=\"__2 _201\"></span>, the definition of default is usually aligned with the contr<span class=\"__2 _202\"></span>actual days past due under such agr<span class=\"__2 _200\"></span>eement.<span class=\"__2 _25f\"> </span>The def<span class=\"__2 _200\"></span>ault definition has been applied consist<span class=\"__2 _200\"></span>ently to model the PD<span class=\"__2 _202\"></span>, EAD and LGD <span class=\"__2 _200\"></span>throughout the Group's e<span class=\"__2 _202\"></span>xpected loss calculations.<span class=\"__2 _25f\"> </span>In addition to the abo<span class=\"__2 _202\"></span>ve, Multitude has an Arr<span class=\"__2 _200\"></span>ears Management Policy to dir<span class=\"__2 _200\"></span>ect its cr<span class=\"__2 _200\"></span>edit portfolio management str<span class=\"__2 _200\"></span>ategy in c<span class=\"__2 _200\"></span>ertain territories with a vie<span class=\"__2 _202\"></span>w to impro<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e its debt collection capabilities in respect of o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>due loan facilities. In achie<span class=\"__2 _200\"></span>ving this str<span class=\"__2 _200\"></span>ategy<span class=\"__2 _201\"></span>, the Group pr<span class=\"__2 _200\"></span>escribes four stages, (I)   early collection s<span class=\"__2 _200\"></span>tage, (II)   late c<span class=\"__2 _200\"></span>ollection stage carried out thr<span class=\"__2 _200\"></span>ough third party management and debt collection agencies,<span class=\"__2 _25f\"> </span>(III) legal collections, and<span class=\"__2 _25f\"> </span>(<span class=\"__2 _200\"></span>I<span class=\"__2 _200\"></span>V<span class=\"__2 _200\"></span>)<span class=\"__2 _200\"></span> debt sales. The Gr<span class=\"__2 _200\"></span>oup also seeks to e<span class=\"__2 _202\"></span>xtend its debt collection period with cust<span class=\"__2 _200\"></span>omers in order t<span class=\"__2 _200\"></span>o increase rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries fr<span class=\"__2 _200\"></span>om loan repa<span class=\"__2 _200\"></span>yments prior to t<span class=\"__2 _200\"></span>ermination of loan contr<span class=\"__2 _200\"></span>acts. Additionally<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup negotiates f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d sale agreements with thir<span class=\"__2 _200\"></span>d parties to conduct r<span class=\"__2 _202\"></span>egular sales of ov<span class=\"__2 _200\"></span>erdue loan facilities subsequent t<span class=\"__2 _200\"></span>o a great<span class=\"__2 _200\"></span>er lev<span class=\"__2 _202\"></span>el of ageing that is sufficient to enable Multitude to perform its internal debt c<span class=\"__2 _200\"></span>ollection proc<span class=\"__2 _200\"></span>edures for a sufficiently e<span class=\"__2 _202\"></span>xtended period prior to sale. Subsequent t<span class=\"__2 _200\"></span>o the afor<span class=\"__2 _200\"></span>ementioned portfolio management str<span class=\"__2 _200\"></span>ategies being implement<span class=\"__2 _200\"></span>ed, the Group asses<span class=\"__2 _200\"></span>ses the impact, if any<span class=\"__2 _201\"></span>, on the definition of default tha<span class=\"__2 _200\"></span>t it uses in estimating IFRS 9 e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses in the respectiv<span class=\"__2 _202\"></span>e territories.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup considers other financial assets and cash and cash equiv<span class=\"__2 _200\"></span>alents to be in def<span class=\"__2 _200\"></span>ault when a payment due (including a c<span class=\"__2 _200\"></span>oupon payment) is not c<span class=\"__2 _200\"></span>ompleted. In r<span class=\"__2 _200\"></span>elation to debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments, an e<span class=\"__2 _200\"></span>vent of def<span class=\"__2 _200\"></span>ault is also triggered in sc<span class=\"__2 _200\"></span>enarios when the inv<span class=\"__2 _200\"></span>estment co<span class=\"__2 _202\"></span>venants ar<span class=\"__2 _200\"></span>e not met.<span class=\"__2 _25f\"> </span>4.2.5.3 Measuring ECL - Explanation of inputs, assumptions and es<span class=\"__2 _200\"></span>timation techniques<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup calculates e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses (ECL) as a function of the estimated e<span class=\"__2 _202\"></span>xposure of default (EAD<span class=\"__2 _202\"></span>), probability of default (PD<span class=\"__2 _200\"></span>), loss giv<span class=\"__2 _200\"></span>en default (L<span class=\"__2 _202\"></span>GD), and disc<span class=\"__2 _200\"></span>ounting using the effectiv<span class=\"__2 _200\"></span>e inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate (EIR). The ECL is measur<span class=\"__2 _202\"></span>ed on either a 12-month or on a lifetime basis depending on whether a significant increase in cr<span class=\"__2 _200\"></span>edit risk has occurr<span class=\"__2 _202\"></span>ed since initial rec<span class=\"__2 _200\"></span>ognition or whether an asset is c<span class=\"__2 _200\"></span>onsidered to be cr<span class=\"__2 _200\"></span>edit-impair<span class=\"__2 _200\"></span>ed.<span class=\"__2 _25f\"> </span>L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span>The ECL for loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers are determined b<span class=\"__2 _202\"></span>y projecting the PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _202\"></span>GD at a collectiv<span class=\"__2 _200\"></span>e portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el as allow<span class=\"__2 _200\"></span>able under IFRS 9 in the case of retail portf<span class=\"__2 _200\"></span>olios comprising individually insignificant e<span class=\"__2 _200\"></span>xposures that ar<span class=\"__2 _200\"></span>e homogenous in natur<span class=\"__2 _200\"></span>e. These thr<span class=\"__2 _200\"></span>ee components ar<span class=\"__2 _200\"></span>e multiplied together eff<span class=\"__2 _200\"></span>ectively calculating the f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d-looking ECL, which is then discounted back t<span class=\"__2 _200\"></span>o the reporting da<span class=\"__2 _200\"></span>te. The disc<span class=\"__2 _200\"></span>ount ra<span class=\"__2 _200\"></span>te used in the ECL calculation is the actual effectiv<span class=\"__2 _202\"></span>e interes<span class=\"__2 _200\"></span>t rat<span class=\"__2 _200\"></span>e or an appro<span class=\"__2 _202\"></span>ximation thereof<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span>The 12-month ECL is calculat<span class=\"__2 _200\"></span>ed by multiplying the 12-month PD<span class=\"__2 _202\"></span>, L<span class=\"__2 _200\"></span>GD<span class=\"__2 _200\"></span>, and EAD<span class=\"__2 _200\"></span>. Lifetime ECL is calculated on a similar basis f<span class=\"__2 _200\"></span>or the residual lif<span class=\"__2 _200\"></span>e of the exposur<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span>The PD<span class=\"__2 _202\"></span>, EAD and L<span class=\"__2 _200\"></span>GD paramet<span class=\"__2 _200\"></span>ers are deriv<span class=\"__2 _200\"></span>ed from int<span class=\"__2 _200\"></span>ernally dev<span class=\"__2 _202\"></span>eloped statistical models and other hist<span class=\"__2 _200\"></span>orical data, adjusted t<span class=\"__2 _200\"></span>o reflect forw<span class=\"__2 _200\"></span>ard-looking inf<span class=\"__2 _200\"></span>ormation as described below in this Not<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span>The PD r<span class=\"__2 _200\"></span>epresents the lik<span class=\"__2 _200\"></span>elihood of a borro<span class=\"__2 _202\"></span>wer defaulting on its financial obligation (as per \"definition of default and cr<span class=\"__2 _200\"></span>edit-impaired\" abo<span class=\"__2 _202\"></span>ve<span class=\"__2 _200\"></span>), either o<span class=\"__2 _200\"></span>ver the ne<span class=\"__2 _202\"></span>xt 12 months (12M PD), or o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the remaining lif<span class=\"__2 _200\"></span>etime (Lifetime PD<span class=\"__2 _200\"></span>) of the obligation. In the case of micro lending f<span class=\"__2 _200\"></span>acilities with bullet repa<span class=\"__2 _200\"></span>yment charact<span class=\"__2 _200\"></span>eristics, the Gr<span class=\"__2 _200\"></span>oup utilises roll-<span class=\"__2 _25f\"> </span>r<span class=\"__2 _200\"></span>ate methodology in or<span class=\"__2 _200\"></span>der to estimat<span class=\"__2 _200\"></span>e its PDs. This methodology emplo<span class=\"__2 _200\"></span>ys sta<span class=\"__2 _200\"></span>tistical analysis of historical da<span class=\"__2 _200\"></span>ta and experienc<span class=\"__2 _200\"></span>e of delinquency and default t<span class=\"__2 _200\"></span>o estimate the amount of loans that will e<span class=\"__2 _200\"></span>ventually be writt<span class=\"__2 _200\"></span>en off as unrec<span class=\"__2 _200\"></span>ov<span class=\"__2 _202\"></span>erable. This methodology is applied a<span class=\"__2 _200\"></span>t territory or c<span class=\"__2 _200\"></span>ountry lev<span class=\"__2 _202\"></span>el with adaptations to r<span class=\"__2 _200\"></span>eflect the different na<span class=\"__2 _200\"></span>ture of the r<span class=\"__2 _200\"></span>espective mark<span class=\"__2 _202\"></span>ets in which the Group oper<span class=\"__2 _200\"></span>ates. Under this methodology<span class=\"__2 _201\"></span>, loans are gr<span class=\"__2 _200\"></span>ouped into r<span class=\"__2 _200\"></span>anges acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o the number of day<span class=\"__2 _200\"></span>s past due and sta<span class=\"__2 _200\"></span>tistical analysis is used t<span class=\"__2 _200\"></span>o estimate the lik<span class=\"__2 _202\"></span>elihood that loans in each range will progr<span class=\"__2 _200\"></span>ess thr<span class=\"__2 _200\"></span>ough the various s<span class=\"__2 _200\"></span>tages of delinquency<span class=\"__2 _201\"></span>, and ultimately pr<span class=\"__2 _200\"></span>ov<span class=\"__2 _202\"></span>e irreco<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>able.<span class=\"__2 _25f\"> </span>In the case of credit f<span class=\"__2 _200\"></span>acilities with charact<span class=\"__2 _200\"></span>eristics of instalment loans or r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving facilities, the Group utilises c<span class=\"__2 _200\"></span>urve-s<span class=\"__2 _200\"></span>titching methodology in order t<span class=\"__2 _200\"></span>o estimat<span class=\"__2 _200\"></span>e its PDs. Under this approach, an analysis of his<span class=\"__2 _200\"></span>torical default data is carried out in or<span class=\"__2 _202\"></span>der to estimate c<span class=\"__2 _200\"></span>umulative monthly los<span class=\"__2 _200\"></span>s r<span class=\"__2 _200\"></span>ates at v<span class=\"__2 _200\"></span>arious snapshot dates. Subsequently<span class=\"__2 _201\"></span>, statis<span class=\"__2 _200\"></span>tical analysis is emplo<span class=\"__2 _200\"></span>y<span class=\"__2 _200\"></span>ed in order t<span class=\"__2 _200\"></span>o combine curv<span class=\"__2 _200\"></span>es with differ<span class=\"__2 _200\"></span>ent historical performanc<span class=\"__2 _200\"></span>e window<span class=\"__2 _200\"></span>s into a single PD curv<span class=\"__2 _200\"></span>e o<span class=\"__2 _200\"></span>ver the e<span class=\"__2 _202\"></span>xpected lifetime of the micr<span class=\"__2 _200\"></span>o-credit e<span class=\"__2 _200\"></span>xposur<span class=\"__2 _200\"></span>es. This methodology is also applied at territ<span class=\"__2 _200\"></span>ory or country lev<span class=\"__2 _202\"></span>el in order to inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>te adaptations to r<span class=\"__2 _200\"></span>eflect the natur<span class=\"__2 _200\"></span>e of the different mark<span class=\"__2 _202\"></span>ets in which the Group oper<span class=\"__2 _202\"></span>ates. Under this approach, loans ar<span class=\"__2 _200\"></span>e also grouped int<span class=\"__2 _200\"></span>o ranges ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to the number of day<span class=\"__2 _200\"></span>s past due, with an individual lif<span class=\"__2 _200\"></span>etime PD curve being calc<span class=\"__2 _200\"></span>ulated for each r<span class=\"__2 _200\"></span>ange. For Micr<span class=\"__2 _200\"></span>o Loans, the Group utilises a r<span class=\"__2 _202\"></span>oll-rate methodology a<span class=\"__2 _200\"></span>t the country le<span class=\"__2 _200\"></span>vel, which emplo<span class=\"__2 _202\"></span>ys statis<span class=\"__2 _200\"></span>tical analysis of hist<span class=\"__2 _200\"></span>orical data and experienc<span class=\"__2 _200\"></span>e of delinquency to es<span class=\"__2 _200\"></span>timate the number of loans that ar<span class=\"__2 _200\"></span>e expect<span class=\"__2 _200\"></span>ed to r<span class=\"__2 _200\"></span>each default status as a r<span class=\"__2 _202\"></span>esult of ev<span class=\"__2 _200\"></span>ents which the Group is not able to identify on an individual loan basis. Under this methodology<span class=\"__2 _201\"></span>, loans ar<span class=\"__2 _200\"></span>e grouped into buck<span class=\"__2 _202\"></span>ets acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o the number of day<span class=\"__2 _200\"></span>s past due (\"DPD buckets\"). S<span class=\"__2 _200\"></span>tatistical analysis (Mark<span class=\"__2 _202\"></span>ov Model) is used to estima<span class=\"__2 _200\"></span>te the lik<span class=\"__2 _200\"></span>elihood that loans in each bucket will pr<span class=\"__2 _200\"></span>ogres<span class=\"__2 _200\"></span>s through the v<span class=\"__2 _200\"></span>arious stages of delinquency until def<span class=\"__2 _200\"></span>ault status is achie<span class=\"__2 _200\"></span>ved. F<span class=\"__2 _200\"></span>or the absolute majority of consumer loans, default oc<span class=\"__2 _200\"></span>curs when the exposur<span class=\"__2 _202\"></span>e ex<span class=\"__2 _200\"></span>ceeds 90 da<span class=\"__2 _200\"></span>ys pas<span class=\"__2 _200\"></span>t due.<span class=\"__2 _25f\"> </span>In line with IFRS 9, the Gr<span class=\"__2 _200\"></span>oup adopted the curv<span class=\"__2 _200\"></span>e-stit<span class=\"__2 _200\"></span>ching methodology to estimat<span class=\"__2 _200\"></span>e the unconditional PDs for its Plus Loans, Prime Loans, SME loans, Cr<span class=\"__2 _200\"></span>edit Limit facilities, and Cr<span class=\"__2 _200\"></span>edit Cards. Under this approach, his<span class=\"__2 _200\"></span>torical default da<span class=\"__2 _200\"></span>ta analysis is carried out to es<span class=\"__2 _200\"></span>timate cumulativ<span class=\"__2 _202\"></span>e monthly loss rat<span class=\"__2 _200\"></span>es at v<span class=\"__2 _200\"></span>arious snapshot dates. Subsequently<span class=\"__2 _201\"></span>, statis<span class=\"__2 _200\"></span>tical analysis is emplo<span class=\"__2 _200\"></span>yed t<span class=\"__2 _200\"></span>o combine curv<span class=\"__2 _202\"></span>es with differ<span class=\"__2 _200\"></span>ent historical perf<span class=\"__2 _200\"></span>ormance windo<span class=\"__2 _200\"></span>ws into a single PD curv<span class=\"__2 _202\"></span>e ov<span class=\"__2 _200\"></span>er the e<span class=\"__2 _200\"></span>xpected lifetime of the short-term cr<span class=\"__2 _200\"></span>edit e<span class=\"__2 _200\"></span>xposures. Loans ar<span class=\"__2 _200\"></span>e further grouped int<span class=\"__2 _200\"></span>o ranges ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to the number of day<span class=\"__2 _200\"></span>s past due, with an individual lif<span class=\"__2 _200\"></span>etime PD curve calc<span class=\"__2 _200\"></span>ulated for each r<span class=\"__2 _200\"></span>ange. Similar t<span class=\"__2 _200\"></span>o Micro Loans, this methodology is also applied at the t<span class=\"__2 _200\"></span>erritory or country le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el to incorpor<span class=\"__2 _202\"></span>ate adaptations to r<span class=\"__2 _200\"></span>eflect the nature of the diff<span class=\"__2 _200\"></span>erent mark<span class=\"__2 _200\"></span>ets in which the Group oper<span class=\"__2 _202\"></span>ates. The unconditional PD for each loan portfolio is further adjus<span class=\"__2 _200\"></span>ted to c<span class=\"__2 _200\"></span>onsider forwar<span class=\"__2 _202\"></span>d-looking information through macroec<span class=\"__2 _200\"></span>onomic modelling to arriv<span class=\"__2 _200\"></span>e at the applicable PD<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span>EAD is based on the amounts Multitude e<span class=\"__2 _200\"></span>xpects to be o<span class=\"__2 _200\"></span>wed at the time of def<span class=\"__2 _200\"></span>ault, o<span class=\"__2 _200\"></span>ver the ne<span class=\"__2 _202\"></span>xt 12 months (12M EAD<span class=\"__2 _200\"></span>) or ov<span class=\"__2 _202\"></span>er the remaining lifetime (Lifetime EAD<span class=\"__2 _202\"></span>). EAD repr<span class=\"__2 _200\"></span>esents the expect<span class=\"__2 _200\"></span>ed e<span class=\"__2 _200\"></span>xposure in the e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ent of a default (including any e<span class=\"__2 _202\"></span>xpected dra<span class=\"__2 _200\"></span>wdo<span class=\"__2 _200\"></span>wns of committ<span class=\"__2 _200\"></span>ed facilities<span class=\"__2 _200\"></span>). The 12-month and lifetime EADs ar<span class=\"__2 _200\"></span>e determined based on the t<span class=\"__2 _200\"></span>otal balance of r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>able at the reporting da<span class=\"__2 _200\"></span>te, taking int<span class=\"__2 _200\"></span>o account the t<span class=\"__2 _200\"></span>otal amount rec<span class=\"__2 _200\"></span>eivable fr<span class=\"__2 _200\"></span>om borro<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ers inclusive of principal, inter<span class=\"__2 _200\"></span>est and fees that ar<span class=\"__2 _200\"></span>e acc<span class=\"__2 _200\"></span>ounted for as part of the eff<span class=\"__2 _200\"></span>ective int<span class=\"__2 _200\"></span>eres<span class=\"__2 _200\"></span>t rat<span class=\"__2 _200\"></span>e. This is deemed an adequate r<span class=\"__2 _200\"></span>epresenta<span class=\"__2 _200\"></span>tion of the expect<span class=\"__2 _200\"></span>ed balance at def<span class=\"__2 _200\"></span>ault in the case of the Multitude\u2019s cr<span class=\"__2 _200\"></span>edit facilities giv<span class=\"__2 _202\"></span>en that the Group models its ECLs on a collectiv<span class=\"__2 _202\"></span>e portfolio lev<span class=\"__2 _200\"></span>el with the modelling of the EAD for each futur<span class=\"__2 _200\"></span>e month on an individual loan-by<span class=\"__2 _200\"></span>-loan basis not being deemed practical. Additionally<span class=\"__2 _201\"></span>, in the case of r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities the Gr<span class=\"__2 _200\"></span>oup also fact<span class=\"__2 _200\"></span>ors in expect<span class=\"__2 _200\"></span>ed dra<span class=\"__2 _200\"></span>wdo<span class=\"__2 _202\"></span>wns of committ<span class=\"__2 _200\"></span>ed facilities.<span class=\"__2 _25f\"> </span>For Micr<span class=\"__2 _200\"></span>o Loans, the Group c<span class=\"__2 _200\"></span>onsiders the gros<span class=\"__2 _200\"></span>s balance, including the principal and pr<span class=\"__2 _200\"></span>oces<span class=\"__2 _200\"></span>sing fees char<span class=\"__2 _200\"></span>ged at the loan's inception (and r<span class=\"__2 _200\"></span>epay<span class=\"__2 _200\"></span>able at the loan maturity), of its outstanding loans to cus<span class=\"__2 _200\"></span>tomers at the r<span class=\"__2 _200\"></span>eporting date t<span class=\"__2 _200\"></span>o be a reasonable estimat<span class=\"__2 _200\"></span>e of EAD regar<span class=\"__2 _200\"></span>ding this facility<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>On the other hand, Plus Loans, Prime Loans and SME loans ar<span class=\"__2 _200\"></span>e typically subject to a monthly repa<span class=\"__2 _200\"></span>yment schedule e<span class=\"__2 _200\"></span>xpected to impact EAD a<span class=\"__2 _200\"></span>t different points in time thr<span class=\"__2 _200\"></span>oughout the residual<span class=\"__2 _25f\"> </span>life of such facilities. Similarly<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup charges daily int<span class=\"__2 _200\"></span>erest on outs<span class=\"__2 _200\"></span>tanding balances in r<span class=\"__2 _200\"></span>elation to Cr<span class=\"__2 _200\"></span>edit Limit facilities and Cr<span class=\"__2 _200\"></span>edit Cards, and c<span class=\"__2 _200\"></span>ollects monthly minimum repa<span class=\"__2 _200\"></span>yments, which ultimately impacts EAD<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span>Ho<span class=\"__2 _200\"></span>we<span class=\"__2 _200\"></span>ver<span class=\"__2 _201\"></span>, because Plus L<span class=\"__2 _200\"></span>oans, Prime Loans, SME loans, Credit Limit f<span class=\"__2 _200\"></span>acilities, and Credit Car<span class=\"__2 _200\"></span>ds typically hav<span class=\"__2 _202\"></span>e high volumes and lo<span class=\"__2 _200\"></span>w values individually<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup opts not to calculat<span class=\"__2 _200\"></span>e the amortisation pr<span class=\"__2 _200\"></span>ofile to estimat<span class=\"__2 _200\"></span>e the EAD across v<span class=\"__2 _202\"></span>arious points in time throughout the remaining lifespan of these f<span class=\"__2 _200\"></span>acilities. Instead, the Gr<span class=\"__2 _200\"></span>oup deems the gros<span class=\"__2 _200\"></span>s balance of its outstanding loans to cus<span class=\"__2 _200\"></span>tomers at the r<span class=\"__2 _200\"></span>eporting date, which includes both principal and ac<span class=\"__2 _200\"></span>crued inter<span class=\"__2 _200\"></span>est, to be a reasonable appr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ximation of the EAD for these f<span class=\"__2 _200\"></span>acilities.<span class=\"__2 _25f\"> </span>The L<span class=\"__2 _202\"></span>GD repr<span class=\"__2 _200\"></span>esents the Group\u2019<span class=\"__2 _200\"></span>s e<span class=\"__2 _200\"></span>xpectation of the e<span class=\"__2 _200\"></span>xtent of loss on a def<span class=\"__2 _200\"></span>aulted e<span class=\"__2 _200\"></span>xposure. Henc<span class=\"__2 _200\"></span>e, the L<span class=\"__2 _202\"></span>GD represents e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses on the EAD given the e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ent of default, taking into acc<span class=\"__2 _200\"></span>ount, among other attributes, the mitigating effect of c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _202\"></span>al values (if any) at the time it is e<span class=\"__2 _200\"></span>xpected to be r<span class=\"__2 _200\"></span>ealised and the time v<span class=\"__2 _200\"></span>alue of money<span class=\"__2 _201\"></span>. The L<span class=\"__2 _202\"></span>GD is determined based on the fact<span class=\"__2 _200\"></span>ors which impact the rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries made pos<span class=\"__2 _200\"></span>t default.<span class=\"__2 _25f\"> </span>Giv<span class=\"__2 _200\"></span>en that its credit f<span class=\"__2 _200\"></span>acilities are gener<span class=\"__2 _200\"></span>ally unsecured in na<span class=\"__2 _200\"></span>ture, the Gr<span class=\"__2 _200\"></span>oup estimat<span class=\"__2 _200\"></span>es L<span class=\"__2 _200\"></span>GD par<span class=\"__2 _200\"></span>ameters based on the hist<span class=\"__2 _200\"></span>ory of reco<span class=\"__2 _202\"></span>very r<span class=\"__2 _200\"></span>ates in r<span class=\"__2 _200\"></span>espect of claims against default<span class=\"__2 _200\"></span>ed cust<span class=\"__2 _200\"></span>omers, which rat<span class=\"__2 _200\"></span>es are highly impact<span class=\"__2 _200\"></span>ed by c<span class=\"__2 _200\"></span>ollectiv<span class=\"__2 _200\"></span>e debt reco<span class=\"__2 _202\"></span>very str<span class=\"__2 _202\"></span>ategies. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup\u2019s L<span class=\"__2 _202\"></span>GDs comprise the effects of the Multitude\u2019<span class=\"__2 _200\"></span>s ability to dispose of o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue loans originat<span class=\"__2 _200\"></span>ed in specific territories to other parties at pr<span class=\"__2 _200\"></span>e-established pric<span class=\"__2 _200\"></span>es, that are dependent on the cr<span class=\"__2 _200\"></span>edit quality or ageing of the loans. Estimat<span class=\"__2 _200\"></span>ed L<span class=\"__2 _200\"></span>GDs are also impact<span class=\"__2 _200\"></span>ed by his<span class=\"__2 _200\"></span>torical one-off portfolio sales and the e<span class=\"__2 _200\"></span>xpected future unc<span class=\"__2 _200\"></span>ontract<span class=\"__2 _200\"></span>ed portfolio sales activity<span class=\"__2 _201\"></span>. Reco<span class=\"__2 _202\"></span>veries fr<span class=\"__2 _200\"></span>om loan portfolio sales ar<span class=\"__2 _200\"></span>e calculated on a discount<span class=\"__2 _200\"></span>ed cash flow basis using the c<span class=\"__2 _200\"></span>ontractual int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate as the discounting f<span class=\"__2 _200\"></span>actor<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>For Micr<span class=\"__2 _200\"></span>o Loans, the Gr<span class=\"__2 _200\"></span>oup utilises statistical informa<span class=\"__2 _200\"></span>tion and the roll-r<span class=\"__2 _200\"></span>ate methodology t<span class=\"__2 _200\"></span>o estimate the le<span class=\"__2 _200\"></span>vel of r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries from loan r<span class=\"__2 _200\"></span>epayments it e<span class=\"__2 _202\"></span>xpects after loan facilities r<span class=\"__2 _200\"></span>each a non-performing status.<span class=\"__2 _25f\"> </span>For Plus Loans, Prime L<span class=\"__2 _200\"></span>oans, SME loans, Credit Limit facilities, and Cr<span class=\"__2 _202\"></span>edit Cards, the Group es<span class=\"__2 _200\"></span>timates the le<span class=\"__2 _200\"></span>vel of r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries from loan r<span class=\"__2 _200\"></span>epayments it e<span class=\"__2 _202\"></span>xpects after loan facilities r<span class=\"__2 _200\"></span>each a non-performing status. T<span class=\"__2 _200\"></span>he Group calculat<span class=\"__2 _200\"></span>es the marginal r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery rat<span class=\"__2 _200\"></span>es up to 12 months aft<span class=\"__2 _200\"></span>er default by tr<span class=\"__2 _202\"></span>acking the monthly rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries fr<span class=\"__2 _200\"></span>om loan repa<span class=\"__2 _200\"></span>yments e<span class=\"__2 _200\"></span>xperienced o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er each performance windo<span class=\"__2 _200\"></span>w as a perc<span class=\"__2 _200\"></span>entage of the total balanc<span class=\"__2 _200\"></span>e of defaulted e<span class=\"__2 _202\"></span>xposures at each snapshot date<span class=\"__2 _200\"></span>. Expected r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries are calc<span class=\"__2 _200\"></span>ulated on a discount<span class=\"__2 _200\"></span>ed cash flow basis using the c<span class=\"__2 _200\"></span>ontractual def<span class=\"__2 _200\"></span>ault inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate as the discounting f<span class=\"__2 _200\"></span>actor<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>The ECL is measur<span class=\"__2 _200\"></span>ed from the initial r<span class=\"__2 _200\"></span>ecognition of the financial asset. T<span class=\"__2 _200\"></span>he maximum period consider<span class=\"__2 _200\"></span>ed when measuring ECL (be it 12-month or lifetime ECL) is the maximum contr<span class=\"__2 _202\"></span>actual period o<span class=\"__2 _200\"></span>ver which Multitude is e<span class=\"__2 _202\"></span>xposed to credit risk. W<span class=\"__2 _200\"></span>ith respect t<span class=\"__2 _200\"></span>o non-re<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>olving credit facilities, the contr<span class=\"__2 _200\"></span>actual life of the f<span class=\"__2 _200\"></span>acility is considered. In the case of r<span class=\"__2 _200\"></span>e<span class=\"__2 _200\"></span>volving cr<span class=\"__2 _200\"></span>edit facilities, pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vided that such facilities do not ha<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e a fixed t<span class=\"__2 _200\"></span>erm or repa<span class=\"__2 _200\"></span>yment structur<span class=\"__2 _200\"></span>e, the Gr<span class=\"__2 _200\"></span>oup defines the lifetime of such e<span class=\"__2 _200\"></span>xposures as 2<span class=\"__2 _200\"></span>4 months in line with observ<span class=\"__2 _200\"></span>ed borro<span class=\"__2 _200\"></span>wer beha<span class=\"__2 _200\"></span>viour in the respectiv<span class=\"__2 _202\"></span>e territ<span class=\"__2 _200\"></span>ories. The lifetime of r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities is r<span class=\"__2 _200\"></span>e-assessed b<span class=\"__2 _202\"></span>y the Group at a territ<span class=\"__2 _200\"></span>ory lev<span class=\"__2 _202\"></span>el based on more r<span class=\"__2 _200\"></span>ecent borr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>wer beha<span class=\"__2 _200\"></span>viour patterns on a periodic basis. The Gr<span class=\"__2 _200\"></span>oup performs a hist<span class=\"__2 _200\"></span>orical analysis to identify the k<span class=\"__2 _202\"></span>ey economic v<span class=\"__2 _202\"></span>ariables affecting credit risk and e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses for each pr<span class=\"__2 _200\"></span>oduct portfolio at a territ<span class=\"__2 _200\"></span>ory lev<span class=\"__2 _202\"></span>el. These economic v<span class=\"__2 _200\"></span>ariables and their associat<span class=\"__2 _200\"></span>ed impact on the PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _200\"></span>GD may v<span class=\"__2 _200\"></span>ary b<span class=\"__2 _200\"></span>y portfolio or territ<span class=\"__2 _200\"></span>ory<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span> <div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws19_2 gs212\">The Gr<span class=\"__2 _200\"></span>oup discounts the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erable amount of loans t<span class=\"__2 _200\"></span>o customers, which r<span class=\"__2 _200\"></span>epresents the futur<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws153_2 gs213\">cash flo<span class=\"__2 _200\"></span>ws e<span class=\"__2 _200\"></span>xpected to be r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _202\"></span>ed from loan sales and loan repa<span class=\"__2 _200\"></span>yment rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries using the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsda_2 gs214\">original EIR of the product f<span class=\"__2 _200\"></span>or the applicable discount period. In the case of forw<span class=\"__2 _200\"></span>ard <span class=\"__2 _200\"></span>sales, a time-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws73_2 gs215\">to-sell period of 12 months is as<span class=\"__2 _200\"></span>sumed, whereas r<span class=\"__2 _200\"></span>epayment r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries are disc<span class=\"__2 _200\"></span>ounted monthly </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs216\">based on the month of occurr<span class=\"__2 _200\"></span>ence<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs217\">Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9c_2 gs218\">In rela<span class=\"__2 _200\"></span>tion to debt inv<span class=\"__2 _202\"></span>estments, the Group also c<span class=\"__2 _200\"></span>onducts periodical assessments in r<span class=\"__2 _200\"></span>elation to the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws90_2 gs219\">respectiv<span class=\"__2 _202\"></span>e underlying collater<span class=\"__2 _200\"></span>al, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should acc<span class=\"__2 _200\"></span>ount for e<span class=\"__2 _200\"></span>xpected </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa5_2 gs21a\">credit los<span class=\"__2 _200\"></span>ses. In order for its ECL methodology t<span class=\"__2 _200\"></span>o repr<span class=\"__2 _200\"></span>esent an appropria<span class=\"__2 _200\"></span>te estimation of its cr<span class=\"__2 _200\"></span>edit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws28_2 gs21b\">risk emanating fr<span class=\"__2 _200\"></span>om said exposur<span class=\"__2 _200\"></span>es, the Group as<span class=\"__2 _200\"></span>sesses the ECL on each e<span class=\"__2 _200\"></span>xposure separ<span class=\"__2 _200\"></span>ately<span class=\"__2 _201\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsdb_2 gs21c\">Consist<span class=\"__2 _200\"></span>ent with regulat<span class=\"__2 _200\"></span>ory and industry best pr<span class=\"__2 _202\"></span>actices, the Group\u2019<span class=\"__2 _200\"></span>s ECL calculations ar<span class=\"__2 _200\"></span>e based on </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs21d\">PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _202\"></span>GD. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws23_2 gs21e\">The PD of the entity is deriv<span class=\"__2 _200\"></span>ed through an int<span class=\"__2 _200\"></span>ernal credit r<span class=\"__2 _202\"></span>ating on the counterparty which is </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws154_2 gs21f\">determined using an int<span class=\"__2 _200\"></span>ernal model that the Bank dev<span class=\"__2 _202\"></span>eloped, from information obtained b<span class=\"__2 _202\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws155_2 gs145\">e<span class=\"__2 _200\"></span>xternal cr<span class=\"__2 _200\"></span>edit bureaus or other pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>xies as applicable. In the absence of sufficient int<span class=\"__2 _200\"></span>ernal historical </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa4_2 gs220\">default data, in or<span class=\"__2 _200\"></span>der to es<span class=\"__2 _200\"></span>timate PDs, the Gr<span class=\"__2 _200\"></span>oup makes r<span class=\"__2 _200\"></span>efer<span class=\"__2 _200\"></span>ence to e<span class=\"__2 _202\"></span>xternal publicly av<span class=\"__2 _200\"></span>ailable </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs146\">information published b<span class=\"__2 _200\"></span>y S&amp;P Global Ratings in the case of e<span class=\"__2 _200\"></span>xposures t<span class=\"__2 _200\"></span>o corpor<span class=\"__2 _200\"></span>ate entities.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws122_2 gs148\">Debt inv<span class=\"__2 _202\"></span>estments are typically subject t<span class=\"__2 _200\"></span>o bullet repa<span class=\"__2 _200\"></span>yments upon maturity with only inter<span class=\"__2 _200\"></span>est </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws63_2 gs149\">(<span class=\"__2 _200\"></span>coupon) payments being paid separ<span class=\"__2 _202\"></span>ately throughout the useful lif<span class=\"__2 _200\"></span>e of the financial assets. Thus, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs221\">assuming no int<span class=\"__2 _200\"></span>erest pa<span class=\"__2 _200\"></span>yments are in arr<span class=\"__2 _200\"></span>ears, the EAD equates t<span class=\"__2 _200\"></span>o the inv<span class=\"__2 _202\"></span>estment itself<span class=\"__2 _200\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsfd_2 gs14b\">The L<span class=\"__2 _202\"></span>GD is derived based on the los<span class=\"__2 _200\"></span>s arising on default when comparing the initial in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb3_2 gs14c\">and the e<span class=\"__2 _200\"></span>xpected r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>ver<span class=\"__2 _202\"></span>ability of the collater<span class=\"__2 _200\"></span>al. On the other hand, in estimating L<span class=\"__2 _202\"></span>GD for debt </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf6_2 gs14d\">inv<span class=\"__2 _202\"></span>estments, the Group r<span class=\"__2 _200\"></span>efers to the his<span class=\"__2 _200\"></span>torical corpor<span class=\"__2 _200\"></span>ate debt r<span class=\"__2 _202\"></span>ecov<span class=\"__2 _202\"></span>ery rat<span class=\"__2 _200\"></span>es for senior unsecured </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws156_2 gs14e\">bond issuers published b<span class=\"__2 _200\"></span>y Moody\u2019s. In this r<span class=\"__2 _200\"></span>egard, the Gr<span class=\"__2 _202\"></span>oup assumes that its L<span class=\"__2 _200\"></span>GD is repr<span class=\"__2 _200\"></span>esented b<span class=\"__2 _200\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb_2 gs14f\">the inv<span class=\"__2 _202\"></span>erse of the corpora<span class=\"__2 _200\"></span>te and so<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>eign rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very r<span class=\"__2 _200\"></span>ates published b<span class=\"__2 _202\"></span>y Moody\u2019s. Mor<span class=\"__2 _200\"></span>e specifically<span class=\"__2 _201\"></span>, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws157_2 gs150\">the Group utilises the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _202\"></span>very measur<span class=\"__2 _200\"></span>e pro<span class=\"__2 _200\"></span>vided b<span class=\"__2 _200\"></span>y Moody's which is based on ultimate r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>veries, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws88_2 gs5e_1\">or the v<span class=\"__2 _200\"></span>alue creditors r<span class=\"__2 _200\"></span>ealise at the r<span class=\"__2 _200\"></span>esolution of a default e<span class=\"__2 _200\"></span>vent. F<span class=\"__2 _200\"></span>or e<span class=\"__2 _200\"></span>xample, for is<span class=\"__2 _200\"></span>suers filing </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9_2 gs5f_1\">for bankrupt<span class=\"__2 _200\"></span>cy<span class=\"__2 _201\"></span>, the ultimate rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very is the pr<span class=\"__2 _200\"></span>esent value of the cash and/<span class=\"__2 _201\"></span>or securities that the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws15_2 gs151\">credit<span class=\"__2 _200\"></span>ors actually rec<span class=\"__2 _200\"></span>eive when the is<span class=\"__2 _200\"></span>suer exits bankrupt<span class=\"__2 _200\"></span>cy<span class=\"__2 _201\"></span>, typically one to tw<span class=\"__2 _200\"></span>o years f<span class=\"__2 _200\"></span>ollowing </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs152\">the initial default dat<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs63_1\">The Gr<span class=\"__2 _200\"></span>oup discounts the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erable amount of debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments using the original EIR.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs154\">Cash and cash equivalents<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws138_2 gs155\">The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd3_2 gs66_1\">individual count<span class=\"__2 _200\"></span>erparties. These published gr<span class=\"__2 _200\"></span>ades are continuously monit<span class=\"__2 _200\"></span>ored and upda<span class=\"__2 _200\"></span>ted. The </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc1_2 gs47_1\">PDs associat<span class=\"__2 _200\"></span>ed with each grade ar<span class=\"__2 _200\"></span>e determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the prior 12 </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsfd_2 gs48_1\">months, as published by r<span class=\"__2 _202\"></span>ating agencies. In determining the probability of def<span class=\"__2 _200\"></span>ault of individual </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws134_2 gs156\">count<span class=\"__2 _200\"></span>erparties, the Group distinguishes betw<span class=\"__2 _202\"></span>een exposur<span class=\"__2 _200\"></span>es consider<span class=\"__2 _200\"></span>ed \u2018inv<span class=\"__2 _200\"></span>estment-gr<span class=\"__2 _200\"></span>ade\u2019 defined </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd_2 gs157\">b<span class=\"__2 _200\"></span>y recognised e<span class=\"__2 _202\"></span>xternal ra<span class=\"__2 _200\"></span>ting agencies as a rating betw<span class=\"__2 _200\"></span>een AA<span class=\"__2 _200\"></span>A<span class=\"__2 _200\"></span>-BBB- (Standar<span class=\"__2 _200\"></span>d &amp; Poor<span class=\"__2 _203\"></span>\u2019s, Fit<span class=\"__2 _200\"></span>ch) </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd_2 gs158\">and Aaa-Baa3 (Moody\u2019<span class=\"__2 _200\"></span>s), and \u2018non-in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment grade\u2019 e<span class=\"__2 _200\"></span>xposures. Similarly<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup utilises S&amp;P </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsfd_2 gs15_1\">Global Ratings in the case of e<span class=\"__2 _200\"></span>xposures t<span class=\"__2 _200\"></span>o sov<span class=\"__2 _202\"></span>ereign issuers (f<span class=\"__2 _200\"></span>or balances with Centr<span class=\"__2 _200\"></span>al Banks<span class=\"__2 _200\"></span>). </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws73_2 gs222\">In those cases where public inf<span class=\"__2 _200\"></span>ormation by S&amp;P Global Ra<span class=\"__2 _200\"></span>tings in relation t<span class=\"__2 _200\"></span>o sov<span class=\"__2 _202\"></span>ereigns is not </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs53_1\">av<span class=\"__2 _202\"></span>ailable, the Group utilises, Moody\u2019<span class=\"__2 _200\"></span>s \u2018Sov<span class=\"__2 _202\"></span>ereign Default and R<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery Rates\u2019.<span class=\"__2 _25f\"> </span></div>Other financial assets<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of individual count<span class=\"__2 _200\"></span>erparties. These published gr<span class=\"__2 _200\"></span>ades are continuously monit<span class=\"__2 _200\"></span>ored and upda<span class=\"__2 _200\"></span>ted. The PDs associat<span class=\"__2 _200\"></span>ed with each grade ar<span class=\"__2 _200\"></span>e determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the prior 12 months, as published b<span class=\"__2 _200\"></span>y rating agencies.<span class=\"__2 _25f\"> </span>4.2.5.4 Forw<span class=\"__2 _200\"></span>ard-looking information inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>ted in the ECL model The calculation of ECL inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>tes forw<span class=\"__2 _200\"></span>ard-looking informa<span class=\"__2 _200\"></span>tion. The Group has identified k<span class=\"__2 _202\"></span>ey driv<span class=\"__2 _200\"></span>ers of credit risk and cr<span class=\"__2 _200\"></span>edit losses for each portfolio of financial ins<span class=\"__2 _200\"></span>truments and using an analysis of his<span class=\"__2 _200\"></span>torical data, has analy<span class=\"__2 _200\"></span>sed relationships betw<span class=\"__2 _200\"></span>een macroec<span class=\"__2 _200\"></span>onomic variables, cr<span class=\"__2 _202\"></span>edit risk and credit los<span class=\"__2 _200\"></span>ses. This analysis is c<span class=\"__2 _200\"></span>onducted at a t<span class=\"__2 _200\"></span>erritory and sub portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el in order t<span class=\"__2 _200\"></span>o tak<span class=\"__2 _200\"></span>e into consider<span class=\"__2 _200\"></span>ation possible differ<span class=\"__2 _202\"></span>ences in customer beha<span class=\"__2 _200\"></span>viour and default e<span class=\"__2 _202\"></span>xperience arising from diff<span class=\"__2 _200\"></span>erent pr<span class=\"__2 _200\"></span>oduct charact<span class=\"__2 _200\"></span>eristics. T<span class=\"__2 _210\"></span>o be able to determine the manner in which ec<span class=\"__2 _200\"></span>onomic conditions will be impacting the ECL estimat<span class=\"__2 _200\"></span>es, the Group first perf<span class=\"__2 _200\"></span>orms an assessment t<span class=\"__2 _200\"></span>o select the Macroeconomic V<span class=\"__2 _201\"></span>ariable (\u2018MEV\u2019) which has the highest corr<span class=\"__2 _202\"></span>elation to credit risk f<span class=\"__2 _200\"></span>actors for a c<span class=\"__2 _200\"></span>ertain country and pr<span class=\"__2 _200\"></span>oduct. The Group does this thr<span class=\"__2 _200\"></span>ough the implementation of a one-st<span class=\"__2 _200\"></span>ep Error C<span class=\"__2 _200\"></span>orrection Model (\u2018ECM\u2019). The ECM is a multiple regr<span class=\"__2 _200\"></span>ession model that aut<span class=\"__2 _200\"></span>omatically corr<span class=\"__2 _200\"></span>ects short-term de<span class=\"__2 _200\"></span>viations from the long-term equilibrium r<span class=\"__2 _200\"></span>elationship such that the default<span class=\"__2 _200\"></span>ed loan amount is res<span class=\"__2 _200\"></span>tor<span class=\"__2 _200\"></span>ed back to its long-term equilibrium at a specific speed of adjus<span class=\"__2 _200\"></span>tment. Thr<span class=\"__2 _200\"></span>ough the utilisation of this model the Group has det<span class=\"__2 _200\"></span>ermined a set of four MEV<span class=\"__2 _202\"></span>s to which the Group\u2019<span class=\"__2 _202\"></span>s portfolios are the most sensitiv<span class=\"__2 _202\"></span>e, namely Gros<span class=\"__2 _200\"></span>s Domestic Product (\u2018GDP\u2019), Personal Dis<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>posable Income (\u2018PDI), and Unemplo<span class=\"__2 _202\"></span>yment Rate (\u2018UR\u2019) for Micr<span class=\"__2 _200\"></span>o Loans, Plus Loans, Credit Limit facilities, Cr<span class=\"__2 _200\"></span>edit Cards and Prime Loans, wher<span class=\"__2 _202\"></span>eas Consumption Rate Priv<span class=\"__2 _200\"></span>ate (\u2018CRP\u2019) is the ke<span class=\"__2 _200\"></span>y driv<span class=\"__2 _200\"></span>er for SME Loans and corpor<span class=\"__2 _202\"></span>ate loans. The choice of macr<span class=\"__2 _202\"></span>oeconomic variable t<span class=\"__2 _200\"></span>o be used for a particular territ<span class=\"__2 _200\"></span>ory and product is det<span class=\"__2 _200\"></span>ermined through an optimised appr<span class=\"__2 _200\"></span>oach in which the ECM is run separa<span class=\"__2 _200\"></span>tely for each of these v<span class=\"__2 _200\"></span>ariables. The v<span class=\"__2 _200\"></span>ariable that is ultimately applied f<span class=\"__2 _200\"></span>or the territory / product is the one tha<span class=\"__2 _200\"></span>t produces the mos<span class=\"__2 _200\"></span>t statistically significant r<span class=\"__2 _200\"></span>esult. In order t<span class=\"__2 _200\"></span>o capture a r<span class=\"__2 _202\"></span>ange of possible future out<span class=\"__2 _200\"></span>comes, three pos<span class=\"__2 _200\"></span>sible scenarios ar<span class=\"__2 _200\"></span>e consider<span class=\"__2 _200\"></span>ed in the determination of the Gr<span class=\"__2 _200\"></span>oup\u2019<span class=\"__2 _200\"></span>s ECL. The \u2018base line\u2019 scenario r<span class=\"__2 _200\"></span>epresents the mos<span class=\"__2 _200\"></span>t likely out<span class=\"__2 _200\"></span>come. It is based on for<span class=\"__2 _200\"></span>ecasted ec<span class=\"__2 _200\"></span>onomic variables, pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vided by Oxf<span class=\"__2 _200\"></span>ord Ec<span class=\"__2 _200\"></span>onomics, and pro<span class=\"__2 _202\"></span>vides the best estima<span class=\"__2 _200\"></span>te vie<span class=\"__2 _200\"></span>w of each respectiv<span class=\"__2 _200\"></span>e country within the Gr<span class=\"__2 _200\"></span>oup\u2019s lending portf<span class=\"__2 _200\"></span>olio. Apart fr<span class=\"__2 _200\"></span>om the \u2018base line\u2019 scenario<span class=\"__2 _200\"></span>, the Group c<span class=\"__2 _200\"></span>onsiders two other macr<span class=\"__2 _200\"></span>oeconomic sc<span class=\"__2 _200\"></span>enarios \u2013 \u2018Upside\u2019 and \u2018Do<span class=\"__2 _200\"></span>wnside\u2019 scenarios \u2013 which respectiv<span class=\"__2 _202\"></span>ely repr<span class=\"__2 _200\"></span>esent a more optimistic and a mor<span class=\"__2 _202\"></span>e pessimistic outc<span class=\"__2 _200\"></span>ome, as further e<span class=\"__2 _200\"></span>xplained in this section. Each scenario is w<span class=\"__2 _200\"></span>eighted b<span class=\"__2 _200\"></span>y a probability of oc<span class=\"__2 _200\"></span>currenc<span class=\"__2 _200\"></span>e, determined b<span class=\"__2 _202\"></span>y a combination of macro<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>economic r<span class=\"__2 _200\"></span>esearch and e<span class=\"__2 _202\"></span>xpert credit judgement, taking acc<span class=\"__2 _200\"></span>ount the range of pos<span class=\"__2 _200\"></span>sible outcomes, each chosen scenario r<span class=\"__2 _200\"></span>epresents. The w<span class=\"__2 _200\"></span>eightings assigned to each ec<span class=\"__2 _200\"></span>onomic scenario<span class=\"__2 _200\"></span>, which are unchanged fr<span class=\"__2 _200\"></span>om 2022 w<span class=\"__2 _200\"></span>ere 60%, for the \u2018Base\u2019 sc<span class=\"__2 _200\"></span>enario, 20% for the \u2018Do<span class=\"__2 _200\"></span>wnside\u2019 scenario and 20% for the \u2018Upside\u2019 sc<span class=\"__2 _200\"></span>enario. T<span class=\"__2 _200\"></span>he number of scenarios used is based on the analy<span class=\"__2 _200\"></span>sis of each major product type t<span class=\"__2 _200\"></span>o ensure that non-linearities are captur<span class=\"__2 _200\"></span>ed. The number of sc<span class=\"__2 _200\"></span>enarios and their attributes ar<span class=\"__2 _200\"></span>e reasses<span class=\"__2 _200\"></span>sed at each reporting da<span class=\"__2 _200\"></span>te. The pr<span class=\"__2 _202\"></span>obability weightings assigned t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _200\"></span>e scenarios r<span class=\"__2 _200\"></span>eflect an unbiased e<span class=\"__2 _200\"></span>valuation of the r<span class=\"__2 _200\"></span>ange of possible outc<span class=\"__2 _200\"></span>omes.<span class=\"__2 _25f\"> </span> In rela<span class=\"__2 _200\"></span>tion to the debt inv<span class=\"__2 _202\"></span>estments, the Group also inc<span class=\"__2 _200\"></span>orporat<span class=\"__2 _200\"></span>es these macroec<span class=\"__2 _200\"></span>onomic forecas<span class=\"__2 _200\"></span>ts<span class=\"__2 _25f\"> </span> in its periodical assessments on the pledged loan portf<span class=\"__2 _200\"></span>olios, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should pro<span class=\"__2 _202\"></span>vide for expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>ses. Such assessments ar<span class=\"__2 _200\"></span>e based on the credit informa<span class=\"__2 _200\"></span>tion supplied b<span class=\"__2 _200\"></span>y the bond issuers which the Multitude Group has in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ested in. In or<span class=\"__2 _200\"></span>der for its ECL meth<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>odology to r<span class=\"__2 _200\"></span>epresent an appr<span class=\"__2 _200\"></span>opriate es<span class=\"__2 _200\"></span>timation of its credit risk emanating fr<span class=\"__2 _202\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Group as<span class=\"__2 _200\"></span>sesses the ECL on each credit portf<span class=\"__2 _200\"></span>olio securing the Group\u2019<span class=\"__2 _202\"></span>s inv<span class=\"__2 _200\"></span>estment separa<span class=\"__2 _200\"></span>tely<span class=\"__2 _201\"></span>. <div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws75_2 gs243\">The Risk Management t<span class=\"__2 _200\"></span>eam monitors, on an ongoing basis, the economic f<span class=\"__2 _200\"></span>orecasts r<span class=\"__2 _200\"></span>eleases and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsba_2 gs244\">adjusts its model inputs and asses<span class=\"__2 _200\"></span>ses the connected out<span class=\"__2 _200\"></span>comes in the light of r<span class=\"__2 _200\"></span>evised macr<span class=\"__2 _200\"></span>oeco<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs245\">nomic data and other quantitativ<span class=\"__2 _200\"></span>e and qualitativ<span class=\"__2 _200\"></span>e information. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc8_2 gs246\">Ther<span class=\"__2 _200\"></span>e is an absence of an observ<span class=\"__2 _200\"></span>able historical tr<span class=\"__2 _200\"></span>end that can acc<span class=\"__2 _200\"></span>urat<span class=\"__2 _200\"></span>ely repr<span class=\"__2 _200\"></span>esent the sev<span class=\"__2 _202\"></span>erity </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1_2 gs247\">and speed of the economic impacts br<span class=\"__2 _200\"></span>ought about by the pandemic. C<span class=\"__2 _200\"></span>onsequently<span class=\"__2 _201\"></span>, in some cases, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse4_2 gs248\">the Group\u2019<span class=\"__2 _202\"></span>s models generat<span class=\"__2 _200\"></span>e outputs that appear ov<span class=\"__2 _202\"></span>erly sensitive when c<span class=\"__2 _200\"></span>ompared with other </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws79_2 gs249\">credit risk metrics and as a r<span class=\"__2 _200\"></span>esult, modelled assumptions and linkages betw<span class=\"__2 _202\"></span>een economic factors </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs24a\">and credit los<span class=\"__2 _200\"></span>ses may under<span class=\"__2 _200\"></span>estimate or o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>estimat<span class=\"__2 _200\"></span>e ECL in these conditions.<span class=\"__2 _25f\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-444": {
   "value": "3.8. Investment in associates The Group has determined that, despite holding less than 20% of the voting rights in Sortter Oy, the Group exercises significant influence over Sortter Oy, as a main financier. This influence arises mainly from a material transaction (a substantial corporate loan extended to Sortter Oy), a right to impact decisions about dividend distribution and oversee the development of investee's financial results. The loan is classified as part of other financial assets in Multitude's consolidated statement of financial position. This loan constitutes a major portion of Sortter's liabilities, thereby exerting a significant impact on Sortter's financing policy as managed by its leadership. It has also been concluded that such investment is not material to the Group and will be disclosed in aggregate amount of its share in profit or loss, other comprehensive income and total comprehensive income . 5. Group companies 5.1 Organisational structure of the Group The Group organisational structure with ownership interest in subsidiaries as at 31 December 2023 and comparative 31 December 2022 is shown in the table below: Subsidiary Country 2023 2022 Bhawana Capital Private Limited India 99.27% 99.27% Bidellus Bangladesh Ltd Bangladesh - 100% CapitalBox AB Sweden 100% 100% CapitalBox GmbH Germany - 100% Ferratum (Malta) Holding Limited Malta 100% 100% Ferratum Australia Pty Ltd Australia - 100% Multitude Bank p.l.c. Malta 100% 100% Ferratum Brazil Servicos De Correspondente Brazil - 100% Bancario Ltda Ferratum Bulgaria EOOD Bulgaria 100% 100% Vector Procurement Solutions Inc. Canada 100% 100% Ferratum Capital Germany GmbH Germany - 100% Ferratum Capital Oy Finland 100% 100% Ferratum Czech s.r.o. Czechia - 100% Ferratum Latvia SIA Latvia 100% 100% Ferratum Mexico S. de R.L. de C.V. Mexico 100% 100% Ferratum Portfolio S.\u00e0 r.l. Luxembourg 100% 100% Ferratum Romania I.F.N.S.A. Romania 100% 100% fe Business Services O\u00dc Estonia 100% 100% Guarantee Services O\u00dc Estonia 100% 100% Multitude IT Labs s.r.o. Slovakia 100% 100% Inari Servi\u00e7os Financeiros Ltda Brazil - 100% Mr Credit Pty Ltd Australia - 100% Multitude Global Services Corp Philippines 99.94% 99.94% Multitude International Services Oy Finland 100% 100% Multitude Services Sweden AB Sweden 100% 100% Numeratum d.o.o. Croatia 100% 100% Pactum Collections GmbH Germany 100% 100% Pactum Poland Sp. z.o.o. Poland - 100% Saldodipje SL Spain 100% 100% Saldo Gestion SL Spain 100% 100% Suomen Joustava Oy Finland 100% 100% Multitude Services Lithuania UAB Lithuania 100% 100% Multitude Group does not have any joint ventures. Multitude has investment into associates not included in the table above and disclosed in Note 5.3. The Group also had several changes to its organisational structure in 2023: Ferratum Australia Pty Ltd., Bidellus Bangladesh Ltd, Inari Servi\u00e7os Financeiros Ltda and Ferratum Brazil Servicos De Correspondente Bancario Ltda were sold; Mr Credit Pty Ltd and Ferratum Czech s.r.o. were voluntarily liquidated; Ferratum Capital Germany GmbH and Capital Box GmbH were merged with Pactum Collections GmbH 5.2 Nature, purpose and extent of the Group\u2019s exposure to structured entities In the course of its business, the Group\u2019s activities include transactions with structured entity designed to achieve a specific business objective. A structured entity has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. The primary use of structured entities is to provide Multitude and its clients and customers with  specific pools of assets and to provide access to liquidity for clients through asset securitisations. Structured entities generally finance the purchase of assets through securitisation and, therefore, raise finance from external investors by enabling them to invest in parcels of specified financial assets. A structured entity has the following features or attributes: \u2022 Restricted activities \u2022 Insufficient equity to permit the structured entity to finance its activities without subordinated financial support \u2022 Financing in the form of multiple contractually linked instruments to investors that create con- centrations of credit or other risks (tranches). Multitude only has one consolidated structured entity, Ferratum Portfolio S.\u00e0 r.l. which is a secu- ritisation vehicle helping with the purchase of asset-backed securities connected to CapitalBox\u2019s SME lending business. The vehicle funds these purchases by issuing multiple tranches of debt securities. There are no investors other than Multitude Bank p.l.c. All investments are considered to be intra-group balances which are eliminated for consolidation purposes. 5.3 Interests in associates Multitude has made an equity investment of 19.97% in Sortter which a FinTech company incorpo- rated in Finland in 2018, that compares and ranks financial services for its customers in the similar way hotels or flights are compared online. Multitude also acquired a share option to purchase the remaining interest from other shareholders as part of the total purchase price and integral to the transaction. Apart from equity investment Multitude has given the corporate loan for the amount of EUR 8.0 million for the purpose of funding operational activity of Sortter. Partnership of Multitude Group with Sortter Oy includes provision of leads and introduction of new clients. The estimated profit after tax of EUR 6 thousand from participation in the investment was recognised as share of result in associated companies in the consolidated statement of profit or loss for 2023. There are no substantial investments into associates and hence the Group presents the following aggregated information as at 31 December 2023 in the table below. EUR \u2019000 2023 Carrying amount of investment in associates 1,022 Aggregate amounts of the Group\u2019s share of: Profit from continuing operations 6 Other comprehensive income - Total comprehensive income 6 Due to the classification of investment into Sortter Oy as an investment in associates, the equity investment of EUR 1.0 million and corporate loan of EUR 7.8 million will be considered balances with related parties in the financial year 2023 (Note 25). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "3.8. Investment in associates The Group has determined that, despite holding less than 20% of the voting rights in Sortter Oy, the Group exercises significant influence over Sortter Oy, as a main financier. This influence arises mainly from a material transaction (a substantial corporate loan extended to Sortter Oy), a right to impact decisions about dividend distribution and oversee the development of investee's financial results. The loan is classified as part of other financial assets in Multitude's consolidated statement of financial position. This loan constitutes a major portion of Sortter's liabilities, thereby exerting a significant impact on Sortter's financing policy as managed by its leadership. It has also been concluded that such investment is not material to the Group and will be disclosed in aggregate amount of its share in profit or loss, other comprehensive income and total comprehensive income . 5.3 Interests in associates Multitude has made an equity investment of 19.97% in Sortter which a FinTech company incorpo- rated in Finland in 2018, that compares and ranks financial services for its customers in the similar way hotels or flights are compared online. Multitude also acquired a share option to purchase the remaining interest from other shareholders as part of the total purchase price and integral to the transaction. Apart from equity investment Multitude has given the corporate loan for the amount of EUR 8.0 million for the purpose of funding operational activity of Sortter. Partnership of Multitude Group with Sortter Oy includes provision of leads and introduction of new clients. The estimated profit after tax of EUR 6 thousand from participation in the investment was recognised as share of result in associated companies in the consolidated statement of profit or loss for 2023. There are no substantial investments into associates and hence the Group presents the following aggregated information as at 31 December 2023 in the table below. EUR \u2019000 2023 Carrying amount of investment in associates 1,022 Aggregate amounts of the Group\u2019s share of: Profit from continuing operations 6 Other comprehensive income - Total comprehensive income 6 Due to the classification of investment into Sortter Oy as an investment in associates, the equity investment of EUR 1.0 million and corporate loan of EUR 7.8 million will be considered balances with related parties in the financial year 2023 (Note 25). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-446": {
   "value": "3.8. Investment in associates The Group has determined that, despite holding less than 20% of the voting rights in Sortter Oy, the Group exercises significant influence over Sortter Oy, as a main financier. This influence arises mainly from a material transaction (a substantial corporate loan extended to Sortter Oy), a right to impact decisions about dividend distribution and oversee the development of investee's financial results. The loan is classified as part of other financial assets in Multitude's consolidated statement of financial position. This loan constitutes a major portion of Sortter's liabilities, thereby exerting a significant impact on Sortter's financing policy as managed by its leadership. It has also been concluded that such investment is not material to the Group and will be disclosed in aggregate amount of its share in profit or loss, other comprehensive income and total comprehensive income . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "3.8. Investment in associates The Group has determined that, despite holding less than 20% of the voting rights in Sortter Oy, the Group exercises significant influence over Sortter Oy, as a main financier. This influence arises mainly from a material transaction (a substantial corporate loan extended to Sortter Oy), a right to impact decisions about dividend distribution and oversee the development of investee's financial results. The loan is classified as part of other financial assets in Multitude's consolidated statement of financial position. This loan constitutes a major portion of Sortter's liabilities, thereby exerting a significant impact on Sortter's financing policy as managed by its leadership. It has also been concluded that such investment is not material to the Group and will be disclosed in aggregate amount of its share in profit or loss, other comprehensive income and total comprehensive income . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "3.8. Investment in associates The Group has determined that, despite holding less than 20% of the voting rights in Sortter Oy, the Group exercises significant influence over Sortter Oy, as a main financier. This influence arises mainly from a material transaction (a substantial corporate loan extended to Sortter Oy), a right to impact decisions about dividend distribution and oversee the development of investee's financial results. The loan is classified as part of other financial assets in Multitude's consolidated statement of financial position. This loan constitutes a major portion of Sortter's liabilities, thereby exerting a significant impact on Sortter's financing policy as managed by its leadership. It has also been concluded that such investment is not material to the Group and will be disclosed in aggregate amount of its share in profit or loss, other comprehensive income and total comprehensive income 5.3 Interests in associates Multitude has made an equity investment of 19.97% in Sortter which a FinTech company incorpo- rated in Finland in 2018, that compares and ranks financial services for its customers in the similar way hotels or flights are compared online. Multitude also acquired a share option to purchase the remaining interest from other shareholders as part of the total purchase price and integral to the transaction. Apart from equity investment Multitude has given the corporate loan for the amount of EUR 8.0 million for the purpose of funding operational activity of Sortter. Partnership of Multitude Group with Sortter Oy includes provision of leads and introduction of new clients. The estimated profit after tax of EUR 6 thousand from participation in the investment was recognised as share of result in associated companies in the consolidated statement of profit or loss for 2023. There are no substantial investments into associates and hence the Group presents the following aggregated information as at 31 December 2023 in the table below. EUR \u2019000 2023 Carrying amount of investment in associates 1,022 Aggregate amounts of the Group\u2019s share of: Profit from continuing operations 6 Other comprehensive income - Total comprehensive income 6 Due to the classification of investment into Sortter Oy as an investment in associates, the equity investment of EUR 1.0 million and corporate loan of EUR 7.8 million will be considered balances with related parties in the financial year 2023 (Note 25). 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "4. Financial risk management<span class=\"__2 _25f\"> </span>4.<span class=\"__2 _202\"></span>1 Financial risk fact<span class=\"__2 _200\"></span>ors<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s activities e<span class=\"__2 _202\"></span>xpose the Group to v<span class=\"__2 _200\"></span>arious financial risks, including cr<span class=\"__2 _200\"></span>edit risk, market risk and liquidity risk. The Gr<span class=\"__2 _200\"></span>oup\u2019s aim is t<span class=\"__2 _200\"></span>o achiev<span class=\"__2 _202\"></span>e an appropriate balanc<span class=\"__2 _200\"></span>e between risk and r<span class=\"__2 _200\"></span>eturn and minimise potential adv<span class=\"__2 _202\"></span>erse effects on the Group's financial performanc<span class=\"__2 _200\"></span>e. The Multitude SE's Boar<span class=\"__2 _200\"></span>d of Direct<span class=\"__2 _200\"></span>ors ov<span class=\"__2 _202\"></span>ersees credit, mark<span class=\"__2 _200\"></span>et, funding and liquidity<span class=\"__2 _201\"></span>, and operational and str<span class=\"__2 _200\"></span>ategic busines<span class=\"__2 _200\"></span>s risks. The Gr<span class=\"__2 _200\"></span>oup has dev<span class=\"__2 _200\"></span>eloped an integr<span class=\"__2 _200\"></span>ated risk management fr<span class=\"__2 _202\"></span>amew<span class=\"__2 _200\"></span>ork to identify<span class=\"__2 _201\"></span>, asses<span class=\"__2 _200\"></span>s, manage and report risks and risk adjust<span class=\"__2 _200\"></span>ed returns. The Gr<span class=\"__2 _200\"></span>oup\u2019s risk management policies ar<span class=\"__2 _200\"></span>e designed to identify and analy<span class=\"__2 _200\"></span>se risks, set appr<span class=\"__2 _200\"></span>opriate risk limits and contr<span class=\"__2 _200\"></span>ols, and monitor the risks and adher<span class=\"__2 _200\"></span>ence t<span class=\"__2 _200\"></span>o limits by means of r<span class=\"__2 _200\"></span>eliable and up-to-dat<span class=\"__2 _200\"></span>e information sy<span class=\"__2 _202\"></span>stems. The Boar<span class=\"__2 _200\"></span>d is responsible f<span class=\"__2 _200\"></span>or the ov<span class=\"__2 _202\"></span>erall effectiv<span class=\"__2 _200\"></span>eness of the Risk Management function, which duties are ho<span class=\"__2 _202\"></span>we<span class=\"__2 _200\"></span>ver carried out b<span class=\"__2 _200\"></span>y the members of the Group\u2019<span class=\"__2 _202\"></span>s Leadership T<span class=\"__2 _210\"></span>eam and other qualified personnel chosen by the Leadership T<span class=\"__2 _210\"></span>eam.  The Boar<span class=\"__2 _200\"></span>d may delegat<span class=\"__2 _200\"></span>e any of its po<span class=\"__2 _200\"></span>wers t<span class=\"__2 _200\"></span>o a committee<span class=\"__2 _200\"></span>. The Boar<span class=\"__2 _200\"></span>d establishes committ<span class=\"__2 _200\"></span>ees to focus on specific risk ar<span class=\"__2 _200\"></span>eas and issues and consider c<span class=\"__2 _200\"></span>ertain issues and functions in gr<span class=\"__2 _200\"></span>eater detail. These c<span class=\"__2 _200\"></span>ommittees may only act in ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>dance with the po<span class=\"__2 _200\"></span>wers and r<span class=\"__2 _200\"></span>esponsibilities delegated to them b<span class=\"__2 _200\"></span>y the Board. In this r<span class=\"__2 _200\"></span>egard, the e<span class=\"__2 _202\"></span>xtent to which the c<span class=\"__2 _200\"></span>ommittee is empo<span class=\"__2 _200\"></span>wer<span class=\"__2 _200\"></span>ed to mak<span class=\"__2 _200\"></span>e decisions is carefully defined. T<span class=\"__2 _200\"></span>he members of a committee mus<span class=\"__2 _200\"></span>t be sufficiently qualified to perform the r<span class=\"__2 _200\"></span>esponsibilities of such committee<span class=\"__2 _200\"></span>. The Gr<span class=\"__2 _200\"></span>oup\u2019s go<span class=\"__2 _202\"></span>vernanc<span class=\"__2 _200\"></span>e structure c<span class=\"__2 _200\"></span>omprises three Boar<span class=\"__2 _200\"></span>d Committees, namely the A<span class=\"__2 _200\"></span>udit Committee<span class=\"__2 _200\"></span>, the Risk Committee<span class=\"__2 _200\"></span>, the People and Culture C<span class=\"__2 _200\"></span>ommittee, and additional c<span class=\"__2 _200\"></span>ommittees established at the Multitude Bank le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s A<span class=\"__2 _200\"></span>udit Committee is established t<span class=\"__2 _200\"></span>o ensure the pr<span class=\"__2 _200\"></span>oper functioning of corpor<span class=\"__2 _200\"></span>ate go<span class=\"__2 _200\"></span>vernanc<span class=\"__2 _200\"></span>e, in particular the o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erseeing of the accounting and financial r<span class=\"__2 _200\"></span>eporting, the Group's internal c<span class=\"__2 _200\"></span>ontrol s<span class=\"__2 _200\"></span>yst<span class=\"__2 _200\"></span>ems and work of e<span class=\"__2 _202\"></span>xternal auditors<span class=\"__2 _25f\"> </span>The Boar<span class=\"__2 _200\"></span>d has delegated t<span class=\"__2 _200\"></span>o the Risk Committee its o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ersight responsibilities of the Risk Management function of the Group<span class=\"__2 _200\"></span>. The main duties of the Risk Committ<span class=\"__2 _200\"></span>ee include:<span class=\"__2 _25f\"> </span>1. <span class=\"__2 _214\"> </span>to o<span class=\"__2 _202\"></span>versee the policy and fr<span class=\"__2 _200\"></span>amew<span class=\"__2 _202\"></span>ork for all risks to which the Gr<span class=\"__2 _200\"></span>oup may be e<span class=\"__2 _200\"></span>xposed;<span class=\"__2 _25f\"> </span>2.  <span class=\"ws11c_2\">to de<span class=\"__2 _202\"></span>velop and monitor a risk management s<span class=\"__2 _200\"></span>ys<span class=\"__2 _200\"></span>tem acros<span class=\"__2 _200\"></span>s all business units of the Gr<span class=\"__2 _200\"></span>oup, including </span>a risk appetite fr<span class=\"__2 _200\"></span>amew<span class=\"__2 _202\"></span>ork, and to ensure the eff<span class=\"__2 _200\"></span>ective implementation of all risk policies;<span class=\"__2 _25f\"> </span>3. <span class=\"__2 _215\"> </span><span class=\"ws11c_2\">to ensur<span class=\"__2 _200\"></span>e that all risk contr<span class=\"__2 _200\"></span>ols opera<span class=\"__2 _200\"></span>ting throughout the Gr<span class=\"__2 _200\"></span>oup are in ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>dance with regula<span class=\"__2 _200\"></span>tory </span>requir<span class=\"__2 _200\"></span>ements (including Multitude Bank as a r<span class=\"__2 _200\"></span>egulated entity) and best pr<span class=\"__2 _200\"></span>actice<span class=\"__2 _200\"></span>, and for advising the Group on the c<span class=\"__2 _200\"></span>oordination and prioritisa<span class=\"__2 _200\"></span>tion of risk management issues.<span class=\"__2 _25f\"> </span>The task of the Gr<span class=\"__2 _200\"></span>oup\u2019s People and Cultur<span class=\"__2 _202\"></span>e Committee is to ensur<span class=\"__2 _200\"></span>e the proper functioning of corpor<span class=\"__2 _200\"></span>ate go<span class=\"__2 _202\"></span>vernanc<span class=\"__2 _200\"></span>e, in particular<span class=\"__2 _201\"></span>, to ensur<span class=\"__2 _200\"></span>e the efficient prepar<span class=\"__2 _200\"></span>ation of matters pertaining t<span class=\"__2 _200\"></span>o the remuner<span class=\"__2 _202\"></span>ation of the members of the Board, the CEO and other e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ecutives of the Gr<span class=\"__2 _200\"></span>oup as w<span class=\"__2 _200\"></span>ell as the remuner<span class=\"__2 _202\"></span>ation schemes of the personnel.<span class=\"__2 _25f\"> </span>Furthermore<span class=\"__2 _200\"></span>, Multitude Bank's gov<span class=\"__2 _202\"></span>ernance structur<span class=\"__2 _200\"></span>e comprises thr<span class=\"__2 _200\"></span>ee Board Committ<span class=\"__2 _200\"></span>ees, namely the Audit Committ<span class=\"__2 _200\"></span>ee, the Risk Committ<span class=\"__2 _200\"></span>ee and the People and Culture C<span class=\"__2 _200\"></span>ommittee, as w<span class=\"__2 _200\"></span>ell as four Management Committ<span class=\"__2 _200\"></span>ees, namely the Executiv<span class=\"__2 _202\"></span>e Committee (EX<span class=\"__2 _202\"></span>CO<span class=\"__2 _200\"></span>), Asset Liability Management Committee (AL<span class=\"__2 _201\"></span>CO<span class=\"__2 _200\"></span>), the Credit Committ<span class=\"__2 _200\"></span>ee and the Reserving Committ<span class=\"__2 _200\"></span>ee. The Bank\u2019<span class=\"__2 _200\"></span>s Ex<span class=\"__2 _200\"></span>ecutiv<span class=\"__2 _200\"></span>e Committee (EX<span class=\"__2 _202\"></span>CO<span class=\"__2 _200\"></span>) is responsible f<span class=\"__2 _200\"></span>or ov<span class=\"__2 _202\"></span>erseeing the activities of the Bank and its Management in the implementation of its str<span class=\"__2 _200\"></span>ategy<span class=\"__2 _201\"></span>, and is acc<span class=\"__2 _200\"></span>ountable for the soundness of the Bank\u2019<span class=\"__2 _200\"></span>s lending portfolio including the implementation of the Capital Requir<span class=\"__2 _200\"></span>ements Directiv<span class=\"__2 _202\"></span>e (as tr<span class=\"__2 _200\"></span>ansposed into the Maltese r<span class=\"__2 _200\"></span>egulatory fr<span class=\"__2 _200\"></span>ame<span class=\"__2 _200\"></span>work) and capital allocation decisions.  The Bank\u2019<span class=\"__2 _200\"></span>s Asset and Liability Committ<span class=\"__2 _200\"></span>ee (AL<span class=\"__2 _200\"></span>CO<span class=\"__2 _202\"></span>) is responsible for managing assets, liabilities and the o<span class=\"__2 _200\"></span>ver<span class=\"__2 _202\"></span>all financial position, as well as for the management of funding and liquidity risks.  The Bank\u2019<span class=\"__2 _200\"></span>s Risk Committee is r<span class=\"__2 _202\"></span>esponsible: - for o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erseeing the policy and frame<span class=\"__2 _202\"></span>work for all banking and oper<span class=\"__2 _200\"></span>ational risks - for de<span class=\"__2 _200\"></span>veloping and o<span class=\"__2 _202\"></span>verseeing the risk management fr<span class=\"__2 _200\"></span>ame<span class=\"__2 _200\"></span>work including the Bank\u2019<span class=\"__2 _200\"></span>s risk appetite and toler<span class=\"__2 _200\"></span>ance le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>els; - for ensuring the ongoing e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ecution of all risk policies; and  - for ensuring that all risk c<span class=\"__2 _200\"></span>ontrols ar<span class=\"__2 _200\"></span>e opera<span class=\"__2 _200\"></span>ting throughout the Bank b<span class=\"__2 _200\"></span>y regulat<span class=\"__2 _200\"></span>ory requir<span class=\"__2 _200\"></span>ements and best pr<span class=\"__2 _200\"></span>actices.  The Bank\u2019<span class=\"__2 _200\"></span>s Credit C<span class=\"__2 _200\"></span>ommittee is r<span class=\"__2 _200\"></span>esponsible for ensuring the effectiv<span class=\"__2 _200\"></span>e management of the Bank\u2019s credit portf<span class=\"__2 _200\"></span>olio through the implementation of sound and tr<span class=\"__2 _200\"></span>anspar<span class=\"__2 _200\"></span>ent credit scoring, and decision-<span class=\"__2 _25f\"> </span>making proc<span class=\"__2 _200\"></span>esses ar<span class=\"__2 _200\"></span>ound its various pr<span class=\"__2 _200\"></span>oduct lines. The Bank\u2019<span class=\"__2 _200\"></span>s Reserving Committ<span class=\"__2 _200\"></span>ee is primarily responsible f<span class=\"__2 _200\"></span>or safeguarding the soundnes<span class=\"__2 _200\"></span>s of the valuation of the Bank\u2019<span class=\"__2 _202\"></span>s lending portfolio by<span class=\"__2 _201\"></span>, amongst other things, ensuring that the Bank has appr<span class=\"__2 _200\"></span>opriate cr<span class=\"__2 _200\"></span>edit risk pr<span class=\"__2 _200\"></span>actices to det<span class=\"__2 _200\"></span>ermine adequate ECL allo<span class=\"__2 _202\"></span>wances in ac<span class=\"__2 _200\"></span>cordanc<span class=\"__2 _200\"></span>e with IFRS 9, as w<span class=\"__2 _200\"></span>ell as, the Bank\u2019s s<span class=\"__2 _200\"></span>tated policies.  The Bank\u2019<span class=\"__2 _200\"></span>s Audit Committ<span class=\"__2 _200\"></span>ee is responsible for r<span class=\"__2 _202\"></span>evie<span class=\"__2 _200\"></span>wing the adequacy and proper oper<span class=\"__2 _200\"></span>ation of internal c<span class=\"__2 _200\"></span>ontrols in individual ar<span class=\"__2 _200\"></span>eas of operation, o<span class=\"__2 _202\"></span>verseeing the quality and int<span class=\"__2 _200\"></span>egrity of the Bank\u2019s financial reports, monit<span class=\"__2 _200\"></span>oring the Bank\u2019s c<span class=\"__2 _200\"></span>ompliance with legal, ethical and r<span class=\"__2 _200\"></span>egulatory r<span class=\"__2 _200\"></span>equirements, and for r<span class=\"__2 _200\"></span>ecommending ar<span class=\"__2 _200\"></span>eas of impro<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ement across the busines<span class=\"__2 _200\"></span>s.  The Gr<span class=\"__2 _200\"></span>oup\u2019s Risk Management function has the o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>all responsibility f<span class=\"__2 _200\"></span>or the dev<span class=\"__2 _200\"></span>elopment of the risk str<span class=\"__2 _200\"></span>ategy and the implementation of risk principles, fr<span class=\"__2 _202\"></span>amew<span class=\"__2 _200\"></span>ork, policies and relat<span class=\"__2 _200\"></span>ed limits. The Gr<span class=\"__2 _200\"></span>oup\u2019s objectiv<span class=\"__2 _202\"></span>e is to deplo<span class=\"__2 _200\"></span>y an integr<span class=\"__2 _200\"></span>ated risk management appr<span class=\"__2 _200\"></span>oach that ensures an aw<span class=\"__2 _200\"></span>arenes<span class=\"__2 _200\"></span>s of<span class=\"__2 _200\"></span>, and acc<span class=\"__2 _200\"></span>ountability for<span class=\"__2 _201\"></span>, the risks taken thr<span class=\"__2 _202\"></span>oughout the Group and also to de<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>elop the tools needed t<span class=\"__2 _200\"></span>o address those <span class=\"__2 _200\"></span>risks. Strong risk management and int<span class=\"__2 _200\"></span>ernal contr<span class=\"__2 _200\"></span>ols are c<span class=\"__2 _200\"></span>ore elements of the Group\u2019<span class=\"__2 _202\"></span>s strat<span class=\"__2 _200\"></span>egy<span class=\"__2 _201\"></span>. The Group has adopt<span class=\"__2 _200\"></span>ed a risk management and internal contr<span class=\"__2 _200\"></span>ol structur<span class=\"__2 _200\"></span>e, ref<span class=\"__2 _200\"></span>erred t<span class=\"__2 _200\"></span>o as the Three Lines of Def<span class=\"__2 _200\"></span>ence, t<span class=\"__2 _200\"></span>o ensure it achie<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>es its str<span class=\"__2 _200\"></span>ategic objectiv<span class=\"__2 _200\"></span>es while meeting regula<span class=\"__2 _200\"></span>tory and legal requir<span class=\"__2 _202\"></span>ements and fulfilling its responsibilities to shar<span class=\"__2 _200\"></span>eholders, cust<span class=\"__2 _200\"></span>omers and staff<span class=\"__2 _200\"></span>. In the Thr<span class=\"__2 _200\"></span>ee Lines of Defence model, busines<span class=\"__2 _200\"></span>s line management is the first line of defence<span class=\"__2 _200\"></span>, the v<span class=\"__2 _200\"></span>arious risk control and c<span class=\"__2 _200\"></span>ompliance o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ersight functions established b<span class=\"__2 _200\"></span>y management repr<span class=\"__2 _200\"></span>esent the second line of def<span class=\"__2 _200\"></span>ence, and internal audit is the thir<span class=\"__2 _202\"></span>d. Each of these Three \u201clines\u201d pla<span class=\"__2 _200\"></span>ys a distinct role within the Gr<span class=\"__2 _200\"></span>oup\u2019<span class=\"__2 _200\"></span>s wider gov<span class=\"__2 _202\"></span>ernance frame<span class=\"__2 _202\"></span>work.<span class=\"__2 _25f\"> </span>4.2 Credit risk<span class=\"__2 _25f\"> </span>4.2.<span class=\"__2 _202\"></span>1 Introduction<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup takes on e<span class=\"__2 _202\"></span>xposure to cr<span class=\"__2 _200\"></span>edit risk, which is the risk that a c<span class=\"__2 _200\"></span>ounterparty will cause a financial loss for the Gr<span class=\"__2 _200\"></span>oup b<span class=\"__2 _200\"></span>y failing to dischar<span class=\"__2 _200\"></span>ge an obligation.<span class=\"__2 _25f\"> </span>Credit risk is the mos<span class=\"__2 _200\"></span>t important risk for the Group\u2019<span class=\"__2 _202\"></span>s business and; accor<span class=\"__2 _200\"></span>dingly the Group car<span class=\"__2 _202\"></span>efully manages its e<span class=\"__2 _200\"></span>xposure t<span class=\"__2 _200\"></span>o this risk. Credit e<span class=\"__2 _200\"></span>xposure arises principally thr<span class=\"__2 _200\"></span>ough the Group\u2019<span class=\"__2 _202\"></span>s lending activities in v<span class=\"__2 _200\"></span>arious European countries, t<span class=\"__2 _200\"></span>ogether with the placement of liquidity with banks.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup is also exposed t<span class=\"__2 _200\"></span>o credit risk arising fr<span class=\"__2 _200\"></span>om its e<span class=\"__2 _200\"></span>xposure t<span class=\"__2 _200\"></span>o debt inv<span class=\"__2 _200\"></span>estments. The inv<span class=\"__2 _202\"></span>estments reflect the Gr<span class=\"__2 _200\"></span>oup's acquisition of secur<span class=\"__2 _200\"></span>ed bonds. Such bonds are principally secur<span class=\"__2 _200\"></span>ed b<span class=\"__2 _200\"></span>y loan portfolios which are pledged in f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our of the Group and ar<span class=\"__2 _202\"></span>e subject to a number of co<span class=\"__2 _202\"></span>venants including pr<span class=\"__2 _200\"></span>edetermined r<span class=\"__2 _200\"></span>atios of ageing portfolios and adv<span class=\"__2 _200\"></span>ance r<span class=\"__2 _200\"></span>ates. Such co<span class=\"__2 _202\"></span>venants <div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7e_2 gs17a\">are monit<span class=\"__2 _200\"></span>ored on a r<span class=\"__2 _200\"></span>egular basis b<span class=\"__2 _200\"></span>y Group\u2019<span class=\"__2 _200\"></span>s Risk Management function. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, the Group also </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws8d_2 gs17b\">has additional collat<span class=\"__2 _200\"></span>eral in the f<span class=\"__2 _200\"></span>orm of cash deposited in its acc<span class=\"__2 _200\"></span>ounts and/<span class=\"__2 _201\"></span>or pledged financial </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs17c\">instruments in its f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our in respect of each in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs17d\">4.2.2 Credit risk management<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws125_2 gs17e\">In 2023, the C<span class=\"__2 _200\"></span>O<span class=\"__2 _200\"></span>VID-19 pandemic's influenc<span class=\"__2 _200\"></span>e, which had been dominant in pr<span class=\"__2 _200\"></span>eceding financial </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws126_2 gs17f\">y<span class=\"__2 _200\"></span>ears, diminished. Economic r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery across the v<span class=\"__2 _202\"></span>arious regions where the Gr<span class=\"__2 _202\"></span>oup operates </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws74_2 gs180\">approached pr<span class=\"__2 _200\"></span>e-pandemic le<span class=\"__2 _200\"></span>vels seen in early 20<span class=\"__2 _200\"></span>20. Ho<span class=\"__2 _200\"></span>we<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er<span class=\"__2 _201\"></span>, heightened economic unc<span class=\"__2 _200\"></span>ertainty </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws127_2 gs181\">returned in 20<span class=\"__2 _200\"></span>23 due to geopolitical de<span class=\"__2 _200\"></span>velopments s<span class=\"__2 _200\"></span>temming fr<span class=\"__2 _200\"></span>om military conflicts betw<span class=\"__2 _200\"></span>een </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1e_2 gs182\">Russia and Ukr<span class=\"__2 _200\"></span>aine since February 20<span class=\"__2 _200\"></span>22, and Israel and P<span class=\"__2 _200\"></span>alestine since Sept<span class=\"__2 _200\"></span>ember 2023. These </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws6c_2 gs183\">e<span class=\"__2 _200\"></span>vents globally incr<span class=\"__2 _200\"></span>eased inflationary pres<span class=\"__2 _200\"></span>sures, leading C<span class=\"__2 _200\"></span>entral Banks lik<span class=\"__2 _200\"></span>e the European C<span class=\"__2 _200\"></span>entral </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11f_2 gs184\">Bank to implement specific monetary policy measur<span class=\"__2 _202\"></span>es, notably raising inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ates, t<span class=\"__2 _200\"></span>o regulat<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws82_2 gs185\">demand and mitigate infla<span class=\"__2 _200\"></span>tion. In response, se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral go<span class=\"__2 _202\"></span>vernments implemented v<span class=\"__2 _202\"></span>arying lev<span class=\"__2 _200\"></span>els of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc2_2 gs186\">fiscal measures t<span class=\"__2 _200\"></span>o mitigate pric<span class=\"__2 _200\"></span>es and support their economies, particularly addr<span class=\"__2 _200\"></span>essing energy </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws128_2 gs73\">price v<span class=\"__2 _202\"></span>olatility<span class=\"__2 _202\"></span>. This ne<span class=\"__2 _200\"></span>w economic landscape br<span class=\"__2 _200\"></span>ought about increased unc<span class=\"__2 _200\"></span>ertainties affecting </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf_2 gs74\">disposable incomes of households, individuals, and SMEs acr<span class=\"__2 _200\"></span>oss differ<span class=\"__2 _200\"></span>ent European t<span class=\"__2 _200\"></span>erritories, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs75\">repr<span class=\"__2 _200\"></span>esenting the Gr<span class=\"__2 _200\"></span>oup's customer base.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws62_2 gs76\">The Gr<span class=\"__2 _200\"></span>oup engages in a proc<span class=\"__2 _200\"></span>ess of macroec<span class=\"__2 _200\"></span>onomic for<span class=\"__2 _200\"></span>ecasting and modelling to asses<span class=\"__2 _200\"></span>s how </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws129_2 gs77\">the Group\u2019<span class=\"__2 _202\"></span>s different geogr<span class=\"__2 _200\"></span>aphical portfolios ar<span class=\"__2 _200\"></span>e affected b<span class=\"__2 _200\"></span>y current and futur<span class=\"__2 _202\"></span>e economic </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5a_2 gs78\">de<span class=\"__2 _200\"></span>velopments. T<span class=\"__2 _200\"></span>he model considers the equiv<span class=\"__2 _200\"></span>alent of a \u2018Macro Exposur<span class=\"__2 _200\"></span>e Scor<span class=\"__2 _200\"></span>e\u2019 to each country </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc_2 gs79\">b<span class=\"__2 _200\"></span>y factoring se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral par<span class=\"__2 _200\"></span>ameters, including actual pa<span class=\"__2 _200\"></span>yment behaviour tr<span class=\"__2 _200\"></span>ends, inflation, other macro </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12a_2 gs7a\">indicators and go<span class=\"__2 _202\"></span>vernment aid. Based on the asses<span class=\"__2 _200\"></span>sments of the outcomes of the modelling </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa2_2 gs187\">proc<span class=\"__2 _200\"></span>ess, the Gr<span class=\"__2 _200\"></span>oup may e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ecute str<span class=\"__2 _202\"></span>ategic decisions to tight<span class=\"__2 _200\"></span>en lending in certain mark<span class=\"__2 _200\"></span>ets where the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9a_2 gs7b\">model indicates unf<span class=\"__2 _200\"></span>av<span class=\"__2 _202\"></span>ourable e<span class=\"__2 _200\"></span>xpectations. This pr<span class=\"__2 _200\"></span>ocess further assis<span class=\"__2 _200\"></span>ts the Group t<span class=\"__2 _200\"></span>o monitor its </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws8a_2 gs7c\">cust<span class=\"__2 _200\"></span>omer payment beha<span class=\"__2 _200\"></span>viour in different t<span class=\"__2 _200\"></span>erritories and enables agile action wher<span class=\"__2 _200\"></span>e circums<span class=\"__2 _200\"></span>tances </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs188\">neces<span class=\"__2 _200\"></span>sitated the tightening or loosening of underwriting sc<span class=\"__2 _200\"></span>orecar<span class=\"__2 _200\"></span>ds acc<span class=\"__2 _200\"></span>ordingly<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs7e\">L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12b_2 gs7f\">The Gr<span class=\"__2 _200\"></span>oup\u2019s lending activities c<span class=\"__2 _200\"></span>omprise the granting of unsecur<span class=\"__2 _202\"></span>ed short-term micro-cr<span class=\"__2 _200\"></span>edit facilities, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1e_2 gs80\">medium-term and long-t<span class=\"__2 _200\"></span>erm credit pr<span class=\"__2 _200\"></span>oducts with instalment r<span class=\"__2 _200\"></span>epayment featur<span class=\"__2 _200\"></span>es, and re<span class=\"__2 _202\"></span>volving </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1e_2 gs189\">credit f<span class=\"__2 _200\"></span>acilities to individual cus<span class=\"__2 _200\"></span>tomers and SMEs in specific European jurisdictions. All loans t<span class=\"__2 _200\"></span>o </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws22_2 gs18a\">cust<span class=\"__2 _200\"></span>omers are gr<span class=\"__2 _200\"></span>anted on the basis of the out<span class=\"__2 _200\"></span>come of the scoring model, depending on the loan </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12c_2 gs83\">type, and the rules embedded within the cr<span class=\"__2 _200\"></span>edit policy<span class=\"__2 _201\"></span>. Each lending transaction and the r<span class=\"__2 _200\"></span>elated </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs84\">agreement ar<span class=\"__2 _200\"></span>e determined on the s<span class=\"__2 _200\"></span>trength of an individual cr<span class=\"__2 _200\"></span>edit decision.  </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsda_2 gs18b\">The cr<span class=\"__2 _200\"></span>editworthines<span class=\"__2 _200\"></span>s of potential cust<span class=\"__2 _200\"></span>omers is assessed b<span class=\"__2 _200\"></span>y ref<span class=\"__2 _200\"></span>erenc<span class=\"__2 _200\"></span>e to the calculation of a cr<span class=\"__2 _200\"></span>edit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10c_2 gs18c\">scor<span class=\"__2 _200\"></span>e for each loan application r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ed and based on the cust<span class=\"__2 _200\"></span>omer<span class=\"__2 _203\"></span>\u2019s specific affor<span class=\"__2 _200\"></span>dability<span class=\"__2 _201\"></span>. The </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsaf_2 gs87\">rele<span class=\"__2 _202\"></span>vant credit <span class=\"__2 _200\"></span>score is c<span class=\"__2 _200\"></span>omputed thr<span class=\"__2 _200\"></span>ough the application scor<span class=\"__2 _200\"></span>ecard f<span class=\"__2 _200\"></span>or first time cust<span class=\"__2 _200\"></span>omers and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12d_2 gs88\">through the beha<span class=\"__2 _200\"></span>viour scor<span class=\"__2 _200\"></span>ecard f<span class=\"__2 _200\"></span>or repeat cus<span class=\"__2 _200\"></span>tomers. Based on the cr<span class=\"__2 _200\"></span>edit scor<span class=\"__2 _200\"></span>e regist<span class=\"__2 _200\"></span>ered, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws59_2 gs18d\">cust<span class=\"__2 _200\"></span>omers are gr<span class=\"__2 _200\"></span>ouped into risk classes. T<span class=\"__2 _200\"></span>he respectiv<span class=\"__2 _200\"></span>e risk class det<span class=\"__2 _200\"></span>ermines the maximum credit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12e_2 gs89\">amount allo<span class=\"__2 _200\"></span>wable for each cus<span class=\"__2 _200\"></span>tomer<span class=\"__2 _201\"></span>. The sc<span class=\"__2 _200\"></span>oring model and linked sc<span class=\"__2 _200\"></span>orecar<span class=\"__2 _200\"></span>ds are monit<span class=\"__2 _200\"></span>ored </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7f_2 gs18e\">b<span class=\"__2 _200\"></span>y the Risk management function of the Group. T<span class=\"__2 _200\"></span>hese are applied in all jurisdictions in which </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse2_2 gs18f\">the Group oper<span class=\"__2 _202\"></span>ates with specific adaptations at country le<span class=\"__2 _202\"></span>vel taking cognisanc<span class=\"__2 _200\"></span>e of the differ<span class=\"__2 _200\"></span>ent </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs190\">charact<span class=\"__2 _200\"></span>eristics of each mark<span class=\"__2 _200\"></span>et; with the adaptations being centr<span class=\"__2 _200\"></span>ally appro<span class=\"__2 _202\"></span>ved.  </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls1_2 wsc_2 gs191\">The sc<span class=\"__2 _200\"></span>orecar<span class=\"__2 _200\"></span>ds are r<span class=\"__2 _200\"></span>evie<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ed on an ongoing basis by the Leadership T<span class=\"__2 _210\"></span>eam and updated ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls1_2 ws11c_2 gs192\">mark<span class=\"__2 _200\"></span>et trends, political cir<span class=\"__2 _200\"></span>cumstances in the particular jurisdiction, legisla<span class=\"__2 _200\"></span>tive and ec<span class=\"__2 _200\"></span>onomic changes.<span class=\"__2 _25f\"> </span></div>Expected cr<span class=\"__2 _200\"></span>edit loss (ECL) allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es are calculat<span class=\"__2 _200\"></span>ed in respect of the Gr<span class=\"__2 _200\"></span>oup\u2019s short-t<span class=\"__2 _200\"></span>erm micro-cr<span class=\"__2 _200\"></span>edit facilities, other medium-t<span class=\"__2 _200\"></span>erm and long-term cr<span class=\"__2 _200\"></span>edit products with instalment r<span class=\"__2 _200\"></span>epayment f<span class=\"__2 _200\"></span>eatures and re<span class=\"__2 _202\"></span>volving cr<span class=\"__2 _200\"></span>edit facilities at a collectiv<span class=\"__2 _202\"></span>e portfolio lev<span class=\"__2 _202\"></span>el, as accor<span class=\"__2 _200\"></span>ding to loan type, the portf<span class=\"__2 _200\"></span>olios consist of a large pool of homogeneous loans which b<span class=\"__2 _202\"></span>y nature cannot be consider<span class=\"__2 _200\"></span>ed individually significant. The model c<span class=\"__2 _200\"></span>onsiders the equivalent of a \u2018Macr<span class=\"__2 _200\"></span>o Exposure Sc<span class=\"__2 _200\"></span>ore\u2019 t<span class=\"__2 _200\"></span>o each country b<span class=\"__2 _200\"></span>y factoring se<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>al par<span class=\"__2 _200\"></span>ameters, including actual payment beha<span class=\"__2 _200\"></span>viour trends, <span class=\"__2 _200\"></span>inflation, other macro indicat<span class=\"__2 _200\"></span>ors and go<span class=\"__2 _200\"></span>vernment aid. Based on the as<span class=\"__2 _200\"></span>sessments of the outc<span class=\"__2 _200\"></span>omes of the modelling proc<span class=\"__2 _200\"></span>ess, the Group ma<span class=\"__2 _200\"></span>y e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ecute str<span class=\"__2 _200\"></span>ategic decisions t<span class=\"__2 _200\"></span>o tighten lending in c<span class=\"__2 _200\"></span>ertain markets wher<span class=\"__2 _200\"></span>e the model in<span class=\"__2 _203\"></span>d<span class=\"__2 _203\"></span>ic<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>s <span class=\"__2 _203\"></span>u<span class=\"__2 _203\"></span>nfavo<span class=\"__2 _203\"></span>ura<span class=\"__2 _203\"></span>bl<span class=\"__2 _203\"></span>e <span class=\"__2 _203\"></span>exp<span class=\"__2 _203\"></span>e<span class=\"__2 _203\"></span>ct<span class=\"__2 _203\"></span>at<span class=\"__2 _203\"></span>io<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>s.<span class=\"__2 _203\"></span> The Group\u2019<span class=\"__2 _200\"></span>s ECL methodology is set out in detail in Note 4.2.5 belo<span class=\"__2 _200\"></span>w<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup has a formal rigor<span class=\"__2 _200\"></span>ous debt collection pr<span class=\"__2 _200\"></span>ocess that pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vides for the wa<span class=\"__2 _200\"></span>y the Group deals with past due loans t<span class=\"__2 _200\"></span>o customers. T<span class=\"__2 _200\"></span>his proces<span class=\"__2 _200\"></span>s is supported b<span class=\"__2 _200\"></span>y proc<span class=\"__2 _200\"></span>edures for use within the oper<span class=\"__2 _200\"></span>ations in the respectiv<span class=\"__2 _200\"></span>e territ<span class=\"__2 _200\"></span>ories. The pr<span class=\"__2 _200\"></span>ocedur<span class=\"__2 _200\"></span>es highlight the prescribed actions, channels and mechanisms utilised to follo<span class=\"__2 _202\"></span>w up on outstanding exposur<span class=\"__2 _200\"></span>es indicating the pr<span class=\"__2 _200\"></span>ecise point in time at which the r<span class=\"__2 _200\"></span>espective actions ar<span class=\"__2 _200\"></span>e taken and alloca<span class=\"__2 _200\"></span>ting roles and r<span class=\"__2 _200\"></span>esponsibilities in this respect. These pr<span class=\"__2 _200\"></span>ocedur<span class=\"__2 _200\"></span>es also focus on the e<span class=\"__2 _200\"></span>xtent to which c<span class=\"__2 _200\"></span>ollection activities are carried out b<span class=\"__2 _202\"></span>y the Group and the s<span class=\"__2 _200\"></span>tage or phase at which e<span class=\"__2 _200\"></span>xternal collection c<span class=\"__2 _200\"></span>ompanies are utilised. The Gr<span class=\"__2 _200\"></span>oup also enters into sale arr<span class=\"__2 _202\"></span>angements with third parties for the tr<span class=\"__2 _200\"></span>ansfer of outstanding balances in r<span class=\"__2 _200\"></span>espect of certain cr<span class=\"__2 _200\"></span>edit products gr<span class=\"__2 _200\"></span>anted in specific t<span class=\"__2 _200\"></span>erritories once such balanc<span class=\"__2 _200\"></span>es reach pr<span class=\"__2 _200\"></span>e-established trigger points in t<span class=\"__2 _200\"></span>erms of day<span class=\"__2 _200\"></span>s past due. Such tr<span class=\"__2 _200\"></span>ansfers tak<span class=\"__2 _200\"></span>e place at pr<span class=\"__2 _200\"></span>e-<span class=\"__2 _25f\"> </span>established le<span class=\"__2 _200\"></span>vels of c<span class=\"__2 _200\"></span>onsidera<span class=\"__2 _200\"></span>tion. These arr<span class=\"__2 _200\"></span>angements constitut<span class=\"__2 _200\"></span>e an intrinsic part of the Group\u2019<span class=\"__2 _200\"></span>s management of past due and non-performing as<span class=\"__2 _200\"></span>sets.<span class=\"__2 _25f\"> </span>Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span>The debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments repr<span class=\"__2 _200\"></span>esent the acquisition b<span class=\"__2 _200\"></span>y the Group of secur<span class=\"__2 _200\"></span>ed bonds issued b<span class=\"__2 _200\"></span>y corpor<span class=\"__2 _200\"></span>ate entities. These in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments are e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>aluated and asses<span class=\"__2 _200\"></span>sed at inception in or<span class=\"__2 _200\"></span>der to determine the credit quality of the in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment and potential cr<span class=\"__2 _200\"></span>edit risks that ma<span class=\"__2 _200\"></span>y arise. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, on an ongoing basis, the Group activ<span class=\"__2 _202\"></span>ely monitors respectiv<span class=\"__2 _202\"></span>e credit risk rela<span class=\"__2 _200\"></span>ted clauses that ha<span class=\"__2 _200\"></span>ve been agr<span class=\"__2 _200\"></span>eed to in order t<span class=\"__2 _200\"></span>o ensure that these ar<span class=\"__2 _202\"></span>e still being adhered to<span class=\"__2 _200\"></span>. These in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments are principally secur<span class=\"__2 _200\"></span>ed b<span class=\"__2 _200\"></span>y a number of loan portfolios which ar<span class=\"__2 _200\"></span>e pledged in fa<span class=\"__2 _200\"></span>vour of the Gr<span class=\"__2 _200\"></span>oup, and ar<span class=\"__2 _200\"></span>e subject to a number of co<span class=\"__2 _202\"></span>venants including inter alia pr<span class=\"__2 _200\"></span>edetermined r<span class=\"__2 _200\"></span>atios of ageing portfolios and adv<span class=\"__2 _200\"></span>ance r<span class=\"__2 _200\"></span>ates. Such co<span class=\"__2 _202\"></span>venants ar<span class=\"__2 _200\"></span>e monitored on a r<span class=\"__2 _202\"></span>egular basis by management. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup also has additional collat<span class=\"__2 _200\"></span>eral in the f<span class=\"__2 _200\"></span>orm of cash deposited in its acc<span class=\"__2 _200\"></span>ounts or pledged financial instruments in its fa<span class=\"__2 _200\"></span>vour in r<span class=\"__2 _202\"></span>espect of each inv<span class=\"__2 _200\"></span>estment. Additionally<span class=\"__2 _201\"></span>, the debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments encompass se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral clauses and co<span class=\"__2 _202\"></span>venants to r<span class=\"__2 _200\"></span>educe the cr<span class=\"__2 _200\"></span>edit risk in rela<span class=\"__2 _200\"></span>tion to such inv<span class=\"__2 _202\"></span>estments.<span class=\"__2 _25f\"> </span>Cash and cash equivalents<span class=\"__2 _25f\"> </span>The majority of the Gr<span class=\"__2 _200\"></span>oup\u2019s cash is held with C<span class=\"__2 _200\"></span>entral Banks. Other than cash held with C<span class=\"__2 _200\"></span>entral Banks, the Group\u2019<span class=\"__2 _202\"></span>s ex<span class=\"__2 _200\"></span>ces<span class=\"__2 _200\"></span>s liquidity is deposited with a large number of cr<span class=\"__2 _202\"></span>edit and financial institutions.<span class=\"__2 _25f\"> </span>Other financial assets<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup also holds loans to r<span class=\"__2 _200\"></span>elated parties and r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ables from sold portfolios.<span class=\"__2 _25f\"> </span>4.2.3 Credit risk measur<span class=\"__2 _200\"></span>ement L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup uses internal cr<span class=\"__2 _200\"></span>edit risk gradings (Not<span class=\"__2 _200\"></span>e 4.2.5) to r<span class=\"__2 _200\"></span>eflect its assessment of the pr<span class=\"__2 _200\"></span>obability of default of individual c<span class=\"__2 _200\"></span>ounterparties. The Gr<span class=\"__2 _200\"></span>oup\u2019s cr<span class=\"__2 _202\"></span>edit grading and monitoring s<span class=\"__2 _200\"></span>yst<span class=\"__2 _200\"></span>ems are also in place t<span class=\"__2 _200\"></span>o react t<span class=\"__2 _200\"></span>o any early identification and management of deterior<span class=\"__2 _202\"></span>ation in loan quality<span class=\"__2 _202\"></span>. Internal cr<span class=\"__2 _200\"></span>edit risk gradings is based on pa<span class=\"__2 _200\"></span>yment behaviour of the borr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>wer<span class=\"__2 _201\"></span>. The Gr<span class=\"__2 _200\"></span>oup monitors the payment beha<span class=\"__2 _200\"></span>viour of its clients and other ke<span class=\"__2 _202\"></span>y risk indicators at portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el and at cohort lev<span class=\"__2 _202\"></span>el. The latter is r<span class=\"__2 _200\"></span>egarded as an important metric as it tr<span class=\"__2 _202\"></span>acks the behaviour of rec<span class=\"__2 _200\"></span>ent loans gr<span class=\"__2 _200\"></span>anted. A<span class=\"__2 _200\"></span>t onboarding stage<span class=\"__2 _200\"></span>, any kno<span class=\"__2 _200\"></span>wn information about a borr<span class=\"__2 _200\"></span>ow<span class=\"__2 _200\"></span>er which impacts their creditw<span class=\"__2 _202\"></span>orthiness, such as unemployment and pr<span class=\"__2 _200\"></span>evious delinquenc<span class=\"__2 _200\"></span>y history<span class=\"__2 _201\"></span>, is assessed during the initial credit as<span class=\"__2 _200\"></span>sessment. Aft<span class=\"__2 _200\"></span>er the date of initial r<span class=\"__2 _200\"></span>ecognition, f<span class=\"__2 _200\"></span>or consumer lending facilities, the payment beha<span class=\"__2 _200\"></span>viour of borro<span class=\"__2 _202\"></span>wers is monitor<span class=\"__2 _200\"></span>ed on an ongoing basis at a collectiv<span class=\"__2 _202\"></span>e portfolio lev<span class=\"__2 _202\"></span>el.<span class=\"__2 _25f\"> </span>Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s Risk Management t<span class=\"__2 _200\"></span>eam ev<span class=\"__2 _202\"></span>aluates and assesses these in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments at inception in order t<span class=\"__2 _200\"></span>o determine the cr<span class=\"__2 _200\"></span>edit quality of the inv<span class=\"__2 _200\"></span>estment and the pot<span class=\"__2 _200\"></span>ential credit risks that ma<span class=\"__2 _200\"></span>y arise. Mor<span class=\"__2 _200\"></span>eov<span class=\"__2 _202\"></span>er<span class=\"__2 _201\"></span>, on an ongoing basis, the Group activ<span class=\"__2 _200\"></span>ely monitors the applicable co<span class=\"__2 _202\"></span>venants t<span class=\"__2 _200\"></span>o ensure tha<span class=\"__2 _200\"></span>t these are still being adher<span class=\"__2 _200\"></span>ed to<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup also conducts periodical asses<span class=\"__2 _200\"></span>sments to the r<span class=\"__2 _200\"></span>espective c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al, in order t<span class=\"__2 _200\"></span>o assess whether the Group should ac<span class=\"__2 _200\"></span>count for e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses. Such assessments ar<span class=\"__2 _200\"></span>e based on the credit inf<span class=\"__2 _200\"></span>ormation supplied by the bond is<span class=\"__2 _200\"></span>suers. In order for its ECL methodology t<span class=\"__2 _200\"></span>o repr<span class=\"__2 _200\"></span>esent an appropria<span class=\"__2 _200\"></span>te estimation of its cr<span class=\"__2 _200\"></span>edit risk emanating fr<span class=\"__2 _200\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Gr<span class=\"__2 _200\"></span>oup independently assesses the ECL on each cr<span class=\"__2 _200\"></span>edit portfolio pledged as c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al by the bond is<span class=\"__2 _200\"></span>suer<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup, on a selectiv<span class=\"__2 _200\"></span>e basis, also elects to enfor<span class=\"__2 _200\"></span>ce specific rights arising fr<span class=\"__2 _200\"></span>om the contr<span class=\"__2 _200\"></span>actual inv<span class=\"__2 _202\"></span>estment arrangements in plac<span class=\"__2 _200\"></span>e with the counterparties and thr<span class=\"__2 _200\"></span>ough the engagement of e<span class=\"__2 _200\"></span>xternal independent auditors obtains as<span class=\"__2 _200\"></span>suranc<span class=\"__2 _200\"></span>e reports in connection t<span class=\"__2 _200\"></span>o specific credit and financial information supplied b<span class=\"__2 _200\"></span>y the count<span class=\"__2 _200\"></span>erparties, on the basis of which the requir<span class=\"__2 _200\"></span>ement for e<span class=\"__2 _200\"></span>xpected credit los<span class=\"__2 _200\"></span>ses is calculated. All debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments of the Group ar<span class=\"__2 _200\"></span>e held b<span class=\"__2 _200\"></span>y the Bank and monitored b<span class=\"__2 _200\"></span>y respectiv<span class=\"__2 _200\"></span>e Bank's Credit and Risk C<span class=\"__2 _200\"></span>ommittees. Cash and cash equivalents<span class=\"__2 _25f\"> </span>Cash and cash equiv<span class=\"__2 _200\"></span>alents include Balances with Centr<span class=\"__2 _200\"></span>al Bank of Malta, Centr<span class=\"__2 _200\"></span>al Bank of Sweden, Centr<span class=\"__2 _200\"></span>al Bank of Czechia and Centr<span class=\"__2 _202\"></span>al Bank of Lithuania and balances with other banks. The Gr<span class=\"__2 _200\"></span>oup uses e<span class=\"__2 _200\"></span>xternal risk gr<span class=\"__2 _200\"></span>ades to r<span class=\"__2 _200\"></span>eflect its assessment of the pr<span class=\"__2 _200\"></span>obability of default of individual count<span class=\"__2 _200\"></span>erparties. These published gr<span class=\"__2 _200\"></span>ades are c<span class=\"__2 _200\"></span>ontinuously monitor<span class=\"__2 _200\"></span>ed and updated. The PDs as<span class=\"__2 _200\"></span>sociated with each gr<span class=\"__2 _200\"></span>ade are determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _202\"></span>ver the prior 12 months, as published b<span class=\"__2 _200\"></span>y r<span class=\"__2 _200\"></span>ating agencies. In determining the pr<span class=\"__2 _200\"></span>obability of default of individual count<span class=\"__2 _200\"></span>erparties, the Group distinguishes betw<span class=\"__2 _200\"></span>een exposur<span class=\"__2 _202\"></span>es considered \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019 defined b<span class=\"__2 _200\"></span>y r<span class=\"__2 _200\"></span>ecognised e<span class=\"__2 _200\"></span>xternal r<span class=\"__2 _200\"></span>ating agencies as a rating betw<span class=\"__2 _202\"></span>een AAA<span class=\"__2 _202\"></span>-BBB- (Standard &amp; Poor\u2019s, Fitch) and Aaa-Baa3 (Moody\u2019<span class=\"__2 _202\"></span>s), and \u2018non-inv<span class=\"__2 _202\"></span>estment grade\u2019 e<span class=\"__2 _202\"></span>xposures. Credit risk in cash and cash equiv<span class=\"__2 _202\"></span>alents of Multitude Bank is also mitigated thr<span class=\"__2 _200\"></span>ough limits set in the Bank\u2019<span class=\"__2 _200\"></span>s treasury management policy and in ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>dance with large e<span class=\"__2 _202\"></span>xposure limits set in the CRR r<span class=\"__2 _200\"></span>espectively<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>Other financial assets<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of individual count<span class=\"__2 _200\"></span>erparties included in other financial assets. These published gr<span class=\"__2 _200\"></span>ades are c<span class=\"__2 _200\"></span>ontinuously monitor<span class=\"__2 _200\"></span>ed and updated. T<span class=\"__2 _200\"></span>he PDs associated with each gr<span class=\"__2 _200\"></span>ade ar<span class=\"__2 _200\"></span>e determined based on realised<span class=\"__2 _25f\"> </span>default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _202\"></span>ver the prior 12 months, as published b<span class=\"__2 _200\"></span>y ra<span class=\"__2 _200\"></span>ting agencies. Other financial assets of Multitude Bank are as<span class=\"__2 _200\"></span>sessed in line with large e<span class=\"__2 _202\"></span>xposure limits set in the Capital Requir<span class=\"__2 _200\"></span>ements Regulation (<span class=\"__2 _202\"></span>CRR).<span class=\"__2 _25f\"> </span>4.2.4 Categorisa<span class=\"__2 _200\"></span>tion of loans to cust<span class=\"__2 _200\"></span>omers for ECL measurement<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup's expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances on loans t<span class=\"__2 _200\"></span>o customers ar<span class=\"__2 _200\"></span>e modelled on a collectiv<span class=\"__2 _200\"></span>e basis. As a result, a gr<span class=\"__2 _200\"></span>ouping of e<span class=\"__2 _200\"></span>xposures is perf<span class=\"__2 _200\"></span>ormed on the basis of shared risk char<span class=\"__2 _200\"></span>acteristics, such that risk e<span class=\"__2 _200\"></span>xposures within a gr<span class=\"__2 _200\"></span>oup of financial assets ar<span class=\"__2 _200\"></span>e homogenous. In performing this grouping, the Gr<span class=\"__2 _200\"></span>oup ensur<span class=\"__2 _200\"></span>es that there is sufficient informa<span class=\"__2 _200\"></span>tion for the group of financial as<span class=\"__2 _200\"></span>sets to be sta<span class=\"__2 _200\"></span>tistically credible<span class=\"__2 _200\"></span>. In this respect, Multitude c<span class=\"__2 _200\"></span>onsiders the following ca<span class=\"__2 _200\"></span>tegories for ECL measurement of loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers, split in business units as follo<span class=\"__2 _200\"></span>ws as managed b<span class=\"__2 _200\"></span>y respectiv<span class=\"__2 _200\"></span>e Leadership T<span class=\"__2 _210\"></span>eam members:  Ferr<span class=\"__2 _200\"></span>atum business unit:<span class=\"__2 _25f\"> </span>I<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span> <span class=\"__2 _216\"> </span>Micro-cr<span class=\"__2 _200\"></span>edit portfolios which ar<span class=\"__2 _200\"></span>e subject to bullet r<span class=\"__2 _200\"></span>epayment (includes Micr<span class=\"__2 _200\"></span>o Loan);<span class=\"__2 _203\"></span> II. <span class=\"__2 _201\"></span>Credit portfolios with instalment r<span class=\"__2 _202\"></span>epayment and re<span class=\"__2 _202\"></span>volving cr<span class=\"__2 _200\"></span>edit facilities (includes Plus Loan and Credit Limit Pr<span class=\"__2 _200\"></span>oduct); Sw<span class=\"__2 _200\"></span>eepBank business unit:<span class=\"__2 _25f\"> </span>I. <span class=\"__2 _f_2\"> </span>Credit portfolios with ins<span class=\"__2 _200\"></span>talment repa<span class=\"__2 _200\"></span>yment and re<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>olving credit f<span class=\"__2 _200\"></span>acilities (includes Credit Car<span class=\"__2 _200\"></span>d); II. Other amortising, long-term cr<span class=\"__2 _200\"></span>edit products with instalment r<span class=\"__2 _200\"></span>epayment (includes Prime L<span class=\"__2 _200\"></span>oan); Capital Bo<span class=\"__2 _200\"></span>x business unit:<span class=\"__2 _25f\"> </span>I.  Secur<span class=\"__2 _200\"></span>ed long-term credit pr<span class=\"__2 _202\"></span>oducts subject to bullet repa<span class=\"__2 _200\"></span>yment (includes Secured L<span class=\"__2 _200\"></span>oan);<span class=\"__2 _25f\"> </span>II. <span class=\"__2 _202\"></span>Unsecured cr<span class=\"__2 _200\"></span>edit portfolios with instalment r<span class=\"__2 _200\"></span>epayment (includes Ins<span class=\"__2 _200\"></span>talment Loan, Credit Line<span class=\"__2 _200\"></span>, Purchase Financing (BNPL)).<span class=\"__2 _25f\"> </span>As at 31 December 20<span class=\"__2 _200\"></span>23, the Group's loans t<span class=\"__2 _200\"></span>o customers include e<span class=\"__2 _202\"></span>xposures to a fe<span class=\"__2 _202\"></span>w corporat<span class=\"__2 _200\"></span>e entities which in the vie<span class=\"__2 _200\"></span>w of their significance are as<span class=\"__2 _200\"></span>sessed individually<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>4.2.5 Expected cr<span class=\"__2 _200\"></span>edit loss measurement<span class=\"__2 _25f\"> </span>IFRS 9 outlines a 'three-s<span class=\"__2 _200\"></span>tage' model for impairment based on changes in credit quality sinc<span class=\"__2 _200\"></span>e initial rec<span class=\"__2 _200\"></span>ognition as summarised below:<span class=\"__2 _25f\"> </span>I. <span class=\"__2 _211\"> </span>A financial instrument that is not cr<span class=\"__2 _202\"></span>edit-impaired on initial rec<span class=\"__2 _200\"></span>ognition is classified in 'Stage 1' and has its credit risk c<span class=\"__2 _200\"></span>ontinuously monitor<span class=\"__2 _200\"></span>ed by the Gr<span class=\"__2 _200\"></span>oup.<span class=\"__2 _25f\"> </span>II. <span class=\"__2 _202\"></span>If a significant increase in cr<span class=\"__2 _200\"></span>edit risk ('SICR') since initial r<span class=\"__2 _200\"></span>ecognition is identified, the financial instrument is mo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ed to 'Stage 2' but is not y<span class=\"__2 _200\"></span>et deemed to be cr<span class=\"__2 _200\"></span>edit-impaired. Please r<span class=\"__2 _200\"></span>efer t<span class=\"__2 _200\"></span>o Note 4.2.5.<span class=\"__2 _202\"></span>1 for a description of ho<span class=\"__2 _200\"></span>w the Group det<span class=\"__2 _200\"></span>ermines when a significant increase in cr<span class=\"__2 _200\"></span>edit risk has occurr<span class=\"__2 _200\"></span>ed.<span class=\"__2 _25f\"> </span>II<span class=\"__2 _203\"></span>I<span class=\"__2 _203\"></span>. <span class=\"__2 _203\"></span>If the financial instrument is cr<span class=\"__2 _200\"></span>edit-impaired, the financial ins<span class=\"__2 _200\"></span>trument is then mov<span class=\"__2 _202\"></span>ed to 'Stage 3'. Please ref<span class=\"__2 _200\"></span>er to Note 4.2.5.2 f<span class=\"__2 _200\"></span>or a description of how the Gr<span class=\"__2 _200\"></span>oup defines credit-impair<span class=\"__2 _200\"></span>ed and default.<span class=\"__2 _25f\"> </span>IV<span class=\"__2 _210\"></span>. <span class=\"__2 _201\"></span>Financial instruments in \u2018Stage 1\u2019 ha<span class=\"__2 _200\"></span>ve their ECL measur<span class=\"__2 _200\"></span>ed at an amount equal to the portion of lifetime e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses that r<span class=\"__2 _200\"></span>esult from def<span class=\"__2 _200\"></span>ault ev<span class=\"__2 _202\"></span>ents possible within the next 12 months. Instruments in \u2018Stages 2 or 3\u2019 ha<span class=\"__2 _200\"></span>ve their ECL measur<span class=\"__2 _202\"></span>ed based on expected cr<span class=\"__2 _200\"></span>edit losses on a lifetime basis. Please r<span class=\"__2 _200\"></span>efer to Not<span class=\"__2 _200\"></span>e 4.2.5.3 for a description of inputs, assumptions and estimation t<span class=\"__2 _200\"></span>echniques used in measuring the ECL.<span class=\"__2 _25f\"> </span>V<span class=\"__2 _210\"></span>. <span class=\"__2 _204\"> </span>A perv<span class=\"__2 _200\"></span>asiv<span class=\"__2 _200\"></span>e concept in <span class=\"__2 _200\"></span>measuring ECL in accor<span class=\"__2 _200\"></span>dance with IFRS 9 is that it should c<span class=\"__2 _200\"></span>onsider forw<span class=\"__2 _200\"></span>ard looking informa<span class=\"__2 _200\"></span>tion. Note 4.2.5.4 includes an e<span class=\"__2 _200\"></span>xplanation of how the Gr<span class=\"__2 _200\"></span>oup incorpor<span class=\"__2 _200\"></span>ates this in its ECL models.<span class=\"__2 _25f\"> </span>VI.<span class=\"__2 _203\"></span> <span class=\"__2 _210\"></span>Purchased or originat<span class=\"__2 _200\"></span>ed credit-impair<span class=\"__2 _200\"></span>ed financial assets ar<span class=\"__2 _200\"></span>e those financial assets that ar<span class=\"__2 _200\"></span>e credit-<span class=\"__2 _25f\"> </span>impaired on initial r<span class=\"__2 _200\"></span>ecognition. T<span class=\"__2 _200\"></span>heir ECL is alwa<span class=\"__2 _200\"></span>ys measur<span class=\"__2 _200\"></span>ed on a lifetime basis.<span class=\"__2 _25f\"> </span>The follo<span class=\"__2 _202\"></span>wing diagram summarises the impairment requir<span class=\"__2 _202\"></span>ements under IFRS 9:<span class=\"__2 _25f\"> </span>The e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit loss r<span class=\"__2 _200\"></span>equirements apply t<span class=\"__2 _200\"></span>o financial assets measured a<span class=\"__2 _200\"></span>t amortised cost and certain loan c<span class=\"__2 _200\"></span>ommitments. At initial r<span class=\"__2 _200\"></span>ecognition, an impairment allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>e (<span class=\"__2 _200\"></span>or pro<span class=\"__2 _200\"></span>vision in the case of commitments<span class=\"__2 _200\"></span>) is requir<span class=\"__2 _200\"></span>ed for ECL r<span class=\"__2 _200\"></span>esulting from def<span class=\"__2 _200\"></span>ault ev<span class=\"__2 _200\"></span>ents that ar<span class=\"__2 _200\"></span>e possible within the ne<span class=\"__2 _200\"></span>xt 12 months (\u201c12-month ECL<span class=\"__2 _200\"></span>\u201d). In the ev<span class=\"__2 _200\"></span>ent of a significant increase in cr<span class=\"__2 _200\"></span>edit risk, an allo<span class=\"__2 _200\"></span>wance (<span class=\"__2 _200\"></span>or pro<span class=\"__2 _200\"></span>vision) is requir<span class=\"__2 _202\"></span>ed for ECL resulting fr<span class=\"__2 _200\"></span>om all possible default e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ents ov<span class=\"__2 _202\"></span>er the expect<span class=\"__2 _200\"></span>ed life of the financial instrument (\u201clifetime ECL<span class=\"__2 _202\"></span>\u201d). In line with the \u2018three stage\u2019 model described abo<span class=\"__2 _202\"></span>ve, financial assets wher<span class=\"__2 _200\"></span>e 12-month ECL is rec<span class=\"__2 _200\"></span>ognised are c<span class=\"__2 _200\"></span>onsidered \u2018Stage 1\u2019. Financial assets which are c<span class=\"__2 _200\"></span>onsidered t<span class=\"__2 _200\"></span>o hav<span class=\"__2 _200\"></span>e e<span class=\"__2 _200\"></span>xperienced a significant incr<span class=\"__2 _200\"></span>ease in credit risk w<span class=\"__2 _200\"></span>ould be classified as \u2018Stage 2\u2019 and financial assets for which ther<span class=\"__2 _202\"></span>e is objective e<span class=\"__2 _200\"></span>vidence of impairment, thus consider<span class=\"__2 _200\"></span>ed to be in def<span class=\"__2 _200\"></span>ault or otherwise credit-impair<span class=\"__2 _200\"></span>ed, would be clas<span class=\"__2 _200\"></span>sified as \u2018Stage 3\u2019.<span class=\"__2 _25f\"> </span>4.2.5.<span class=\"__2 _202\"></span>1 Significant increase in credit risk<span class=\"__2 _25f\"> </span>T<span class=\"__2 _210\"></span>o determine whether the credit risk (i.<span class=\"__2 _200\"></span>e. risk of default) on a financial ins<span class=\"__2 _200\"></span>trument has increased significantly since initial r<span class=\"__2 _200\"></span>ecognition, the Gr<span class=\"__2 _200\"></span>oup considers r<span class=\"__2 _200\"></span>easonable and supportable information that is r<span class=\"__2 _200\"></span>elev<span class=\"__2 _200\"></span>ant and av<span class=\"__2 _200\"></span>ailable without undue cos<span class=\"__2 _200\"></span>t or effort, including both quantitativ<span class=\"__2 _200\"></span>e and qualitativ<span class=\"__2 _200\"></span>e information. Such analy<span class=\"__2 _200\"></span>sis is based on the Group's his<span class=\"__2 _200\"></span>torical e<span class=\"__2 _200\"></span>xperience, cr<span class=\"__2 _200\"></span>edit assessment and forw<span class=\"__2 _200\"></span>ard-looking informa<span class=\"__2 _200\"></span>tion.<span class=\"__2 _25f\"> </span>L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span>The c<span class=\"__2 _200\"></span>onsumer lending exposur<span class=\"__2 _200\"></span>es of Multitude are not managed on a cr<span class=\"__2 _200\"></span>edit-b<span class=\"__2 _200\"></span>y-credit basis due to the high v<span class=\"__2 _202\"></span>olume of relativ<span class=\"__2 _200\"></span>ely low v<span class=\"__2 _200\"></span>alue and homogeneous e<span class=\"__2 _200\"></span>xposures. As a r<span class=\"__2 _200\"></span>esult, it is not feasible to include qualita<span class=\"__2 _200\"></span>tive inf<span class=\"__2 _200\"></span>ormation based on an expert cr<span class=\"__2 _202\"></span>edit assessment performed on an individual credit basis. On this basis, the Gr<span class=\"__2 _200\"></span>oup adopts a r<span class=\"__2 _200\"></span>etail portfolio methodology which tak<span class=\"__2 _200\"></span>es into acc<span class=\"__2 _200\"></span>ount the nature of the c<span class=\"__2 _200\"></span>onsumer lending exposur<span class=\"__2 _200\"></span>es and the underlying cr<span class=\"__2 _200\"></span>edit risk management pr<span class=\"__2 _200\"></span>actices of the Group<span class=\"__2 _200\"></span>. The c<span class=\"__2 _200\"></span>onsumer lending portfolio comprises of cr<span class=\"__2 _200\"></span>edit facilities with bullet r<span class=\"__2 _200\"></span>epayment or instalment loan char<span class=\"__2 _200\"></span>acteristics and r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities. Giv<span class=\"__2 _200\"></span>en ho<span class=\"__2 _200\"></span>w such retail f<span class=\"__2 _200\"></span>acilities are originat<span class=\"__2 _200\"></span>ed and managed for int<span class=\"__2 _200\"></span>ernal risk management purposes, consumer loans within a particular segment are e<span class=\"__2 _202\"></span>xpected to ha<span class=\"__2 _200\"></span>ve similar cr<span class=\"__2 _200\"></span>edit risk char<span class=\"__2 _200\"></span>acteristics. As a result, f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers, which are managed on a portf<span class=\"__2 _200\"></span>olio basis for credit risk purposes, the Group measur<span class=\"__2 _200\"></span>es a significant incr<span class=\"__2 _200\"></span>ease in credit risk based on a quantitativ<span class=\"__2 _200\"></span>e assessment driv<span class=\"__2 _202\"></span>en b<span class=\"__2 _200\"></span>y the delinquency status of borr<span class=\"__2 _200\"></span>ow<span class=\"__2 _200\"></span>ers (<span class=\"__2 _200\"></span>day<span class=\"__2 _200\"></span>s past due<span class=\"__2 _200\"></span>). The Group pr<span class=\"__2 _200\"></span>esumptiv<span class=\"__2 _200\"></span>ely considers that a significant increase in cr<span class=\"__2 _202\"></span>edit risk occurs when an asset is mor<span class=\"__2 _200\"></span>e than 30 day<span class=\"__2 _200\"></span>s past due, in line with the backst<span class=\"__2 _200\"></span>op indicator established under IFRS 9<span class=\"__2 _200\"></span>. Multitude determines da<span class=\"__2 _200\"></span>ys past due b<span class=\"__2 _200\"></span>y counting the number of day<span class=\"__2 _200\"></span>s since the earliest elapsed due da<span class=\"__2 _200\"></span>te in r<span class=\"__2 _200\"></span>espect of which full payment has not been rec<span class=\"__2 _200\"></span>eiv<span class=\"__2 _200\"></span>ed. For the financial y<span class=\"__2 _202\"></span>ear 2023, the Group asses<span class=\"__2 _200\"></span>sed all the different portf<span class=\"__2 _200\"></span>olios of loans to cust<span class=\"__2 _200\"></span>omers b<span class=\"__2 _200\"></span>y product and b<span class=\"__2 _200\"></span>y country to det<span class=\"__2 _200\"></span>ermine whether a significant increase in cr<span class=\"__2 _200\"></span>edit risk was observ<span class=\"__2 _202\"></span>ed. The asses<span class=\"__2 _200\"></span>sment is conducted b<span class=\"__2 _202\"></span>y analysing the ra<span class=\"__2 _200\"></span>te of default in the 1-<span class=\"__2 _200\"></span>30 day<span class=\"__2 _200\"></span>s past due ageing buck<span class=\"__2 _200\"></span>ets in each portfolio. When the Gr<span class=\"__2 _202\"></span>oup identifies a significant increase in credit risk in an<span class=\"__2 _200\"></span>y of the portfolios, it shifts the calculation of ECL of the r<span class=\"__2 _200\"></span>espectiv<span class=\"__2 _200\"></span>e ageing bucket fr<span class=\"__2 _200\"></span>om 12-month to lifetime as r<span class=\"__2 _200\"></span>equired b<span class=\"__2 _200\"></span>y IFRS 9. Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span>In rela<span class=\"__2 _200\"></span>tion to debt inv<span class=\"__2 _202\"></span>estments, a significant increase in cr<span class=\"__2 _200\"></span>edit risk is deemed to arise, if the count<span class=\"__2 _200\"></span>erparty\u2019s cr<span class=\"__2 _200\"></span>edit ra<span class=\"__2 _200\"></span>ting experienc<span class=\"__2 _200\"></span>es specific downgr<span class=\"__2 _200\"></span>ades from the initial r<span class=\"__2 _202\"></span>ating determined at inception of the in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment or if there is a br<span class=\"__2 _200\"></span>each of co<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>enants which are deemed t<span class=\"__2 _200\"></span>o be \u2018major<span class=\"__2 _203\"></span>\u2019 by the Group<span class=\"__2 _200\"></span>. The Risk Management function e<span class=\"__2 _200\"></span>valuat<span class=\"__2 _200\"></span>es and assesses these in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments at inception in order t<span class=\"__2 _200\"></span>o determine the cr<span class=\"__2 _200\"></span>edit quality of the inv<span class=\"__2 _200\"></span>estment and pot<span class=\"__2 _200\"></span>ential credit risks that ma<span class=\"__2 _200\"></span>y arise. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, on an ongoing basis, the Gr<span class=\"__2 _200\"></span>oup actively monit<span class=\"__2 _200\"></span>ors respectiv<span class=\"__2 _202\"></span>e credit risk rela<span class=\"__2 _200\"></span>ted clauses that ha<span class=\"__2 _200\"></span>ve been agr<span class=\"__2 _200\"></span>eed to in or<span class=\"__2 _200\"></span>der to ensur<span class=\"__2 _200\"></span>e that these are s<span class=\"__2 _200\"></span>till being adhered to<span class=\"__2 _200\"></span>. The Gr<span class=\"__2 _200\"></span>oup also conducts periodical as<span class=\"__2 _200\"></span>sessments in relation t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _202\"></span>e portfolio, in or<span class=\"__2 _200\"></span>der to asses<span class=\"__2 _200\"></span>s ho<span class=\"__2 _200\"></span>w much it should pro<span class=\"__2 _200\"></span>vide for the e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses. In order f<span class=\"__2 _200\"></span>or its ECL methodology to repr<span class=\"__2 _200\"></span>esent an appr<span class=\"__2 _200\"></span>opriate estimation of its cr<span class=\"__2 _200\"></span>edit risk emanating fr<span class=\"__2 _200\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Gr<span class=\"__2 _200\"></span>oup assesses the ECL on each in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment separa<span class=\"__2 _200\"></span>tely<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>Cash and cash equivalents<span class=\"__2 _25f\"> </span>In rela<span class=\"__2 _200\"></span>tion to cash and cash equiv<span class=\"__2 _200\"></span>alents, the Group applies lo<span class=\"__2 _200\"></span>w credit risk simplification and does not measure SICR unles<span class=\"__2 _200\"></span>s there is a significant decr<span class=\"__2 _200\"></span>ease in independent credit r<span class=\"__2 _200\"></span>atings giv<span class=\"__2 _200\"></span>en to Centr<span class=\"__2 _200\"></span>al Banks and other banks.<span class=\"__2 _25f\"> </span>Other financial assets<span class=\"__2 _25f\"> </span>In the case of other financial assets, the Gr<span class=\"__2 _200\"></span>oup applies low cr<span class=\"__2 _200\"></span>edit risk simplification to all its e<span class=\"__2 _200\"></span>xposures c<span class=\"__2 _200\"></span>onsidered \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019, thus the<span class=\"__2 _200\"></span>y are not subject t<span class=\"__2 _200\"></span>o the SICR assessment. Mo<span class=\"__2 _200\"></span>ving from \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019 t<span class=\"__2 _200\"></span>o \u2018non-inv<span class=\"__2 _200\"></span>estment gr<span class=\"__2 _200\"></span>ade\u2019 does not automatically mean that ther<span class=\"__2 _200\"></span>e has been a SICR.<span class=\"__2 _25f\"> </span>4.2.5.2 Definition of default and cr<span class=\"__2 _200\"></span>edit-impaired assets<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s as<span class=\"__2 _200\"></span>sessment to det<span class=\"__2 _200\"></span>ermine the ext<span class=\"__2 _200\"></span>ent of increase in cr<span class=\"__2 _200\"></span>edit risk of a financial instrument since initial r<span class=\"__2 _200\"></span>ecognition is performed b<span class=\"__2 _202\"></span>y considering the change in the risk of default oc<span class=\"__2 _200\"></span>curring o<span class=\"__2 _200\"></span>ver the r<span class=\"__2 _200\"></span>emaining life of the financial instrument. IFRS 9 does not specifically define default but r<span class=\"__2 _200\"></span>equires it t<span class=\"__2 _200\"></span>o be applied on a consist<span class=\"__2 _200\"></span>ent basis with<span class=\"__2 _25f\"> </span>internal cr<span class=\"__2 _200\"></span>edit risk management practic<span class=\"__2 _200\"></span>e for the r<span class=\"__2 _200\"></span>elev<span class=\"__2 _200\"></span>ant instruments and r<span class=\"__2 _200\"></span>equires c<span class=\"__2 _200\"></span>onsideration of qualitativ<span class=\"__2 _200\"></span>e fact<span class=\"__2 _200\"></span>ors where appr<span class=\"__2 _200\"></span>opriate. For the absolut<span class=\"__2 _200\"></span>e majority of consumer loans, default oc<span class=\"__2 _200\"></span>curs when the e<span class=\"__2 _200\"></span>xposure e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ceeds 90 da<span class=\"__2 _200\"></span>ys past due, e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>ept for Micro L<span class=\"__2 _200\"></span>oans in Germany for which def<span class=\"__2 _200\"></span>ault occurs when the e<span class=\"__2 _200\"></span>xposures e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eed 60 day<span class=\"__2 _200\"></span>s past due. F<span class=\"__2 _200\"></span>or corpor<span class=\"__2 _200\"></span>ate clients, def<span class=\"__2 _200\"></span>ault occurs when the e<span class=\"__2 _200\"></span>xposures e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eeds 90 day<span class=\"__2 _200\"></span>s past due.<span class=\"__2 _25f\"> </span>In addition, IFRS 9 also introduc<span class=\"__2 _200\"></span>es a rebuttable pr<span class=\"__2 _200\"></span>esumption that default does not oc<span class=\"__2 _200\"></span>cur later than when a financial asset is 90 da<span class=\"__2 _200\"></span>ys past due unles<span class=\"__2 _200\"></span>s there is r<span class=\"__2 _200\"></span>easonable and supportable information to demonstr<span class=\"__2 _202\"></span>ate that a mor<span class=\"__2 _200\"></span>e lagging criterion is appropria<span class=\"__2 _200\"></span>te. In this r<span class=\"__2 _200\"></span>espect, the Group gener<span class=\"__2 _200\"></span>ally defines a financial instrument as in def<span class=\"__2 _200\"></span>ault (cr<span class=\"__2 _200\"></span>edit impaired and in Stage 3 f<span class=\"__2 _200\"></span>or impairment purposes), when the borro<span class=\"__2 _202\"></span>wer is more than 90 da<span class=\"__2 _202\"></span>ys past due on any ma<span class=\"__2 _200\"></span>terial credit obliga<span class=\"__2 _200\"></span>tion to the Group<span class=\"__2 _200\"></span>. During 2023, the Gr<span class=\"__2 _200\"></span>oup has further aligned the definition of default on a number of pr<span class=\"__2 _200\"></span>oducts in specific territ<span class=\"__2 _200\"></span>ories from 60 t<span class=\"__2 _200\"></span>o 90 day<span class=\"__2 _200\"></span>s in line with internal risk management pr<span class=\"__2 _200\"></span>actices and analysis of the pay back r<span class=\"__2 _202\"></span>ates arising on such portfolio<span class=\"__2 _200\"></span>. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, in acc<span class=\"__2 _200\"></span>ordanc<span class=\"__2 _200\"></span>e with EBA guidelines, the Gr<span class=\"__2 _200\"></span>oup factors in observ<span class=\"__2 _200\"></span>able e<span class=\"__2 _200\"></span>vents which ma<span class=\"__2 _200\"></span>y indicate Unlik<span class=\"__2 _202\"></span>eliness-<span class=\"__2 _201\"></span>T<span class=\"__2 _201\"></span>o-Pa<span class=\"__2 _200\"></span>y (\u2018UTP<span class=\"__2 _203\"></span>\u2019) which also cons<span class=\"__2 _200\"></span>titute default. T<span class=\"__2 _200\"></span>hrough this pr<span class=\"__2 _200\"></span>ocess, the Gr<span class=\"__2 _202\"></span>oup assesses de<span class=\"__2 _202\"></span>velopments occurring a<span class=\"__2 _200\"></span>t the lev<span class=\"__2 _200\"></span>el of the individual debtor<span class=\"__2 _201\"></span>. T<span class=\"__2 _200\"></span>he UTP criteria adopted b<span class=\"__2 _200\"></span>y Multitude are the follo<span class=\"__2 _200\"></span>wing:<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws20_2\">Suspected Fr<span class=\"__2 _200\"></span>aud - UTP is triggered if a loan has been identified as pos<span class=\"__2 _200\"></span>sible fraud in the fr<span class=\"__2 _200\"></span>aud </span>management tool;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws124_2\">Insolv<span class=\"__2 _200\"></span>ency - UTP is triggered if a cus<span class=\"__2 _200\"></span>tomer has notified the Multitude Gr<span class=\"__2 _200\"></span>oup of insolvency<span class=\"__2 _201\"></span>, </span>through either c<span class=\"__2 _200\"></span>ollection tool or debt manager s<span class=\"__2 _200\"></span>yst<span class=\"__2 _200\"></span>ems; and<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws52_2\">Death - UTP is trigger<span class=\"__2 _200\"></span>ed if the Group has been notified of death, thr<span class=\"__2 _200\"></span>ough either collection t<span class=\"__2 _200\"></span>ool </span>or debt manager sy<span class=\"__2 _200\"></span>stems.<span class=\"__2 _25f\"> </span>The UTP asses<span class=\"__2 _200\"></span>sment enhances the ECL methodology thr<span class=\"__2 _200\"></span>ough the application of a loan-by<span class=\"__2 _200\"></span>-loan focus with a vie<span class=\"__2 _200\"></span>w to det<span class=\"__2 _200\"></span>ermine on the basis of qualitative f<span class=\"__2 _200\"></span>actors, and befor<span class=\"__2 _202\"></span>e the hard day<span class=\"__2 _200\"></span>s past due criterion is met, whether a cus<span class=\"__2 _200\"></span>tomer<span class=\"__2 _203\"></span>\u2019<span class=\"__2 _200\"></span>s credit risk has det<span class=\"__2 _200\"></span>eriorat<span class=\"__2 _200\"></span>ed to a le<span class=\"__2 _200\"></span>vel which is indica<span class=\"__2 _200\"></span>tive of default. The definitions of cr<span class=\"__2 _200\"></span>edit-impaired and def<span class=\"__2 _200\"></span>ault are aligned so that Stage 3 r<span class=\"__2 _202\"></span>epresents all loans which are c<span class=\"__2 _200\"></span>onsidered def<span class=\"__2 _200\"></span>aulted or cr<span class=\"__2 _200\"></span>edit-impaired. Whene<span class=\"__2 _202\"></span>ver the Gr<span class=\"__2 _200\"></span>oup enters into a f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d sale agreement with a thir<span class=\"__2 _200\"></span>d party<span class=\"__2 _201\"></span>, the definition of default is usually aligned with the contr<span class=\"__2 _202\"></span>actual days past due under such agr<span class=\"__2 _200\"></span>eement.<span class=\"__2 _25f\"> </span>The def<span class=\"__2 _200\"></span>ault definition has been applied consist<span class=\"__2 _200\"></span>ently to model the PD<span class=\"__2 _202\"></span>, EAD and LGD <span class=\"__2 _200\"></span>throughout the Group's e<span class=\"__2 _202\"></span>xpected loss calculations.<span class=\"__2 _25f\"> </span>In addition to the abo<span class=\"__2 _202\"></span>ve, Multitude has an Arr<span class=\"__2 _200\"></span>ears Management Policy to dir<span class=\"__2 _200\"></span>ect its cr<span class=\"__2 _200\"></span>edit portfolio management str<span class=\"__2 _200\"></span>ategy in c<span class=\"__2 _200\"></span>ertain territories with a vie<span class=\"__2 _202\"></span>w to impro<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e its debt collection capabilities in respect of o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>due loan facilities. In achie<span class=\"__2 _200\"></span>ving this str<span class=\"__2 _200\"></span>ategy<span class=\"__2 _201\"></span>, the Group pr<span class=\"__2 _200\"></span>escribes four stages, (I)   early collection s<span class=\"__2 _200\"></span>tage, (II)   late c<span class=\"__2 _200\"></span>ollection stage carried out thr<span class=\"__2 _200\"></span>ough third party management and debt collection agencies,<span class=\"__2 _25f\"> </span>(III) legal collections, and<span class=\"__2 _25f\"> </span>(<span class=\"__2 _200\"></span>I<span class=\"__2 _200\"></span>V<span class=\"__2 _200\"></span>)<span class=\"__2 _200\"></span> debt sales. The Gr<span class=\"__2 _200\"></span>oup also seeks to e<span class=\"__2 _202\"></span>xtend its debt collection period with cust<span class=\"__2 _200\"></span>omers in order t<span class=\"__2 _200\"></span>o increase rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries fr<span class=\"__2 _200\"></span>om loan repa<span class=\"__2 _200\"></span>yments prior to t<span class=\"__2 _200\"></span>ermination of loan contr<span class=\"__2 _200\"></span>acts. Additionally<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup negotiates f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d sale agreements with thir<span class=\"__2 _200\"></span>d parties to conduct r<span class=\"__2 _202\"></span>egular sales of ov<span class=\"__2 _200\"></span>erdue loan facilities subsequent t<span class=\"__2 _200\"></span>o a great<span class=\"__2 _200\"></span>er lev<span class=\"__2 _202\"></span>el of ageing that is sufficient to enable Multitude to perform its internal debt c<span class=\"__2 _200\"></span>ollection proc<span class=\"__2 _200\"></span>edures for a sufficiently e<span class=\"__2 _202\"></span>xtended period prior to sale. Subsequent t<span class=\"__2 _200\"></span>o the afor<span class=\"__2 _200\"></span>ementioned portfolio management str<span class=\"__2 _200\"></span>ategies being implement<span class=\"__2 _200\"></span>ed, the Group asses<span class=\"__2 _200\"></span>ses the impact, if any<span class=\"__2 _201\"></span>, on the definition of default tha<span class=\"__2 _200\"></span>t it uses in estimating IFRS 9 e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses in the respectiv<span class=\"__2 _202\"></span>e territories.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup considers other financial assets and cash and cash equiv<span class=\"__2 _200\"></span>alents to be in def<span class=\"__2 _200\"></span>ault when a payment due (including a c<span class=\"__2 _200\"></span>oupon payment) is not c<span class=\"__2 _200\"></span>ompleted. In r<span class=\"__2 _200\"></span>elation to debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments, an e<span class=\"__2 _200\"></span>vent of def<span class=\"__2 _200\"></span>ault is also triggered in sc<span class=\"__2 _200\"></span>enarios when the inv<span class=\"__2 _200\"></span>estment co<span class=\"__2 _202\"></span>venants ar<span class=\"__2 _200\"></span>e not met.<span class=\"__2 _25f\"> </span>4.2.5.3 Measuring ECL - Explanation of inputs, assumptions and es<span class=\"__2 _200\"></span>timation techniques<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup calculates e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses (ECL) as a function of the estimated e<span class=\"__2 _202\"></span>xposure of default (EAD<span class=\"__2 _202\"></span>), probability of default (PD<span class=\"__2 _200\"></span>), loss giv<span class=\"__2 _200\"></span>en default (L<span class=\"__2 _202\"></span>GD), and disc<span class=\"__2 _200\"></span>ounting using the effectiv<span class=\"__2 _200\"></span>e inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate (EIR). The ECL is measur<span class=\"__2 _202\"></span>ed on either a 12-month or on a lifetime basis depending on whether a significant increase in cr<span class=\"__2 _200\"></span>edit risk has occurr<span class=\"__2 _202\"></span>ed since initial rec<span class=\"__2 _200\"></span>ognition or whether an asset is c<span class=\"__2 _200\"></span>onsidered to be cr<span class=\"__2 _200\"></span>edit-impair<span class=\"__2 _200\"></span>ed.<span class=\"__2 _25f\"> </span>L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span>The ECL for loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers are determined b<span class=\"__2 _202\"></span>y projecting the PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _202\"></span>GD at a collectiv<span class=\"__2 _200\"></span>e portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el as allow<span class=\"__2 _200\"></span>able under IFRS 9 in the case of retail portf<span class=\"__2 _200\"></span>olios comprising individually insignificant e<span class=\"__2 _200\"></span>xposures that ar<span class=\"__2 _200\"></span>e homogenous in natur<span class=\"__2 _200\"></span>e. These thr<span class=\"__2 _200\"></span>ee components ar<span class=\"__2 _200\"></span>e multiplied together eff<span class=\"__2 _200\"></span>ectively calculating the f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d-looking ECL, which is then discounted back t<span class=\"__2 _200\"></span>o the reporting da<span class=\"__2 _200\"></span>te. The disc<span class=\"__2 _200\"></span>ount ra<span class=\"__2 _200\"></span>te used in the ECL calculation is the actual effectiv<span class=\"__2 _202\"></span>e interes<span class=\"__2 _200\"></span>t rat<span class=\"__2 _200\"></span>e or an appro<span class=\"__2 _202\"></span>ximation thereof<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span>The 12-month ECL is calculat<span class=\"__2 _200\"></span>ed by multiplying the 12-month PD<span class=\"__2 _202\"></span>, L<span class=\"__2 _200\"></span>GD<span class=\"__2 _200\"></span>, and EAD<span class=\"__2 _200\"></span>. Lifetime ECL is calculated on a similar basis f<span class=\"__2 _200\"></span>or the residual lif<span class=\"__2 _200\"></span>e of the exposur<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span>The PD<span class=\"__2 _202\"></span>, EAD and L<span class=\"__2 _200\"></span>GD paramet<span class=\"__2 _200\"></span>ers are deriv<span class=\"__2 _200\"></span>ed from int<span class=\"__2 _200\"></span>ernally dev<span class=\"__2 _202\"></span>eloped statistical models and other hist<span class=\"__2 _200\"></span>orical data, adjusted t<span class=\"__2 _200\"></span>o reflect forw<span class=\"__2 _200\"></span>ard-looking inf<span class=\"__2 _200\"></span>ormation as described below in this Not<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span>The PD r<span class=\"__2 _200\"></span>epresents the lik<span class=\"__2 _200\"></span>elihood of a borro<span class=\"__2 _202\"></span>wer defaulting on its financial obligation (as per \"definition of default and cr<span class=\"__2 _200\"></span>edit-impaired\" abo<span class=\"__2 _202\"></span>ve<span class=\"__2 _200\"></span>), either o<span class=\"__2 _200\"></span>ver the ne<span class=\"__2 _202\"></span>xt 12 months (12M PD), or o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the remaining lif<span class=\"__2 _200\"></span>etime (Lifetime PD<span class=\"__2 _200\"></span>) of the obligation. In the case of micro lending f<span class=\"__2 _200\"></span>acilities with bullet repa<span class=\"__2 _200\"></span>yment charact<span class=\"__2 _200\"></span>eristics, the Gr<span class=\"__2 _200\"></span>oup utilises roll-<span class=\"__2 _25f\"> </span>r<span class=\"__2 _200\"></span>ate methodology in or<span class=\"__2 _200\"></span>der to estimat<span class=\"__2 _200\"></span>e its PDs. This methodology emplo<span class=\"__2 _200\"></span>ys sta<span class=\"__2 _200\"></span>tistical analysis of historical da<span class=\"__2 _200\"></span>ta and experienc<span class=\"__2 _200\"></span>e of delinquency and default t<span class=\"__2 _200\"></span>o estimate the amount of loans that will e<span class=\"__2 _200\"></span>ventually be writt<span class=\"__2 _200\"></span>en off as unrec<span class=\"__2 _200\"></span>ov<span class=\"__2 _202\"></span>erable. This methodology is applied a<span class=\"__2 _200\"></span>t territory or c<span class=\"__2 _200\"></span>ountry lev<span class=\"__2 _202\"></span>el with adaptations to r<span class=\"__2 _200\"></span>eflect the different na<span class=\"__2 _200\"></span>ture of the r<span class=\"__2 _200\"></span>espective mark<span class=\"__2 _202\"></span>ets in which the Group oper<span class=\"__2 _200\"></span>ates. Under this methodology<span class=\"__2 _201\"></span>, loans are gr<span class=\"__2 _200\"></span>ouped into r<span class=\"__2 _200\"></span>anges acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o the number of day<span class=\"__2 _200\"></span>s past due and sta<span class=\"__2 _200\"></span>tistical analysis is used t<span class=\"__2 _200\"></span>o estimate the lik<span class=\"__2 _202\"></span>elihood that loans in each range will progr<span class=\"__2 _200\"></span>ess thr<span class=\"__2 _200\"></span>ough the various s<span class=\"__2 _200\"></span>tages of delinquency<span class=\"__2 _201\"></span>, and ultimately pr<span class=\"__2 _200\"></span>ov<span class=\"__2 _202\"></span>e irreco<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>able.<span class=\"__2 _25f\"> </span>In the case of credit f<span class=\"__2 _200\"></span>acilities with charact<span class=\"__2 _200\"></span>eristics of instalment loans or r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving facilities, the Group utilises c<span class=\"__2 _200\"></span>urve-s<span class=\"__2 _200\"></span>titching methodology in order t<span class=\"__2 _200\"></span>o estimat<span class=\"__2 _200\"></span>e its PDs. Under this approach, an analysis of his<span class=\"__2 _200\"></span>torical default data is carried out in or<span class=\"__2 _202\"></span>der to estimate c<span class=\"__2 _200\"></span>umulative monthly los<span class=\"__2 _200\"></span>s r<span class=\"__2 _200\"></span>ates at v<span class=\"__2 _200\"></span>arious snapshot dates. Subsequently<span class=\"__2 _201\"></span>, statis<span class=\"__2 _200\"></span>tical analysis is emplo<span class=\"__2 _200\"></span>y<span class=\"__2 _200\"></span>ed in order t<span class=\"__2 _200\"></span>o combine curv<span class=\"__2 _200\"></span>es with differ<span class=\"__2 _200\"></span>ent historical performanc<span class=\"__2 _200\"></span>e window<span class=\"__2 _200\"></span>s into a single PD curv<span class=\"__2 _200\"></span>e o<span class=\"__2 _200\"></span>ver the e<span class=\"__2 _202\"></span>xpected lifetime of the micr<span class=\"__2 _200\"></span>o-credit e<span class=\"__2 _200\"></span>xposur<span class=\"__2 _200\"></span>es. This methodology is also applied at territ<span class=\"__2 _200\"></span>ory or country lev<span class=\"__2 _202\"></span>el in order to inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>te adaptations to r<span class=\"__2 _200\"></span>eflect the natur<span class=\"__2 _200\"></span>e of the different mark<span class=\"__2 _202\"></span>ets in which the Group oper<span class=\"__2 _202\"></span>ates. Under this approach, loans ar<span class=\"__2 _200\"></span>e also grouped int<span class=\"__2 _200\"></span>o ranges ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to the number of day<span class=\"__2 _200\"></span>s past due, with an individual lif<span class=\"__2 _200\"></span>etime PD curve being calc<span class=\"__2 _200\"></span>ulated for each r<span class=\"__2 _200\"></span>ange. For Micr<span class=\"__2 _200\"></span>o Loans, the Group utilises a r<span class=\"__2 _202\"></span>oll-rate methodology a<span class=\"__2 _200\"></span>t the country le<span class=\"__2 _200\"></span>vel, which emplo<span class=\"__2 _202\"></span>ys statis<span class=\"__2 _200\"></span>tical analysis of hist<span class=\"__2 _200\"></span>orical data and experienc<span class=\"__2 _200\"></span>e of delinquency to es<span class=\"__2 _200\"></span>timate the number of loans that ar<span class=\"__2 _200\"></span>e expect<span class=\"__2 _200\"></span>ed to r<span class=\"__2 _200\"></span>each default status as a r<span class=\"__2 _202\"></span>esult of ev<span class=\"__2 _200\"></span>ents which the Group is not able to identify on an individual loan basis. Under this methodology<span class=\"__2 _201\"></span>, loans ar<span class=\"__2 _200\"></span>e grouped into buck<span class=\"__2 _202\"></span>ets acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o the number of day<span class=\"__2 _200\"></span>s past due (\"DPD buckets\"). S<span class=\"__2 _200\"></span>tatistical analysis (Mark<span class=\"__2 _202\"></span>ov Model) is used to estima<span class=\"__2 _200\"></span>te the lik<span class=\"__2 _200\"></span>elihood that loans in each bucket will pr<span class=\"__2 _200\"></span>ogres<span class=\"__2 _200\"></span>s through the v<span class=\"__2 _200\"></span>arious stages of delinquency until def<span class=\"__2 _200\"></span>ault status is achie<span class=\"__2 _200\"></span>ved. F<span class=\"__2 _200\"></span>or the absolute majority of consumer loans, default oc<span class=\"__2 _200\"></span>curs when the exposur<span class=\"__2 _202\"></span>e ex<span class=\"__2 _200\"></span>ceeds 90 da<span class=\"__2 _200\"></span>ys pas<span class=\"__2 _200\"></span>t due.<span class=\"__2 _25f\"> </span>In line with IFRS 9, the Gr<span class=\"__2 _200\"></span>oup adopted the curv<span class=\"__2 _200\"></span>e-stit<span class=\"__2 _200\"></span>ching methodology to estimat<span class=\"__2 _200\"></span>e the unconditional PDs for its Plus Loans, Prime Loans, SME loans, Cr<span class=\"__2 _200\"></span>edit Limit facilities, and Cr<span class=\"__2 _200\"></span>edit Cards. Under this approach, his<span class=\"__2 _200\"></span>torical default da<span class=\"__2 _200\"></span>ta analysis is carried out to es<span class=\"__2 _200\"></span>timate cumulativ<span class=\"__2 _202\"></span>e monthly loss rat<span class=\"__2 _200\"></span>es at v<span class=\"__2 _200\"></span>arious snapshot dates. Subsequently<span class=\"__2 _201\"></span>, statis<span class=\"__2 _200\"></span>tical analysis is emplo<span class=\"__2 _200\"></span>yed t<span class=\"__2 _200\"></span>o combine curv<span class=\"__2 _202\"></span>es with differ<span class=\"__2 _200\"></span>ent historical perf<span class=\"__2 _200\"></span>ormance windo<span class=\"__2 _200\"></span>ws into a single PD curv<span class=\"__2 _202\"></span>e ov<span class=\"__2 _200\"></span>er the e<span class=\"__2 _200\"></span>xpected lifetime of the short-term cr<span class=\"__2 _200\"></span>edit e<span class=\"__2 _200\"></span>xposures. Loans ar<span class=\"__2 _200\"></span>e further grouped int<span class=\"__2 _200\"></span>o ranges ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to the number of day<span class=\"__2 _200\"></span>s past due, with an individual lif<span class=\"__2 _200\"></span>etime PD curve calc<span class=\"__2 _200\"></span>ulated for each r<span class=\"__2 _200\"></span>ange. Similar t<span class=\"__2 _200\"></span>o Micro Loans, this methodology is also applied at the t<span class=\"__2 _200\"></span>erritory or country le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el to incorpor<span class=\"__2 _202\"></span>ate adaptations to r<span class=\"__2 _200\"></span>eflect the nature of the diff<span class=\"__2 _200\"></span>erent mark<span class=\"__2 _200\"></span>ets in which the Group oper<span class=\"__2 _202\"></span>ates. The unconditional PD for each loan portfolio is further adjus<span class=\"__2 _200\"></span>ted to c<span class=\"__2 _200\"></span>onsider forwar<span class=\"__2 _202\"></span>d-looking information through macroec<span class=\"__2 _200\"></span>onomic modelling to arriv<span class=\"__2 _200\"></span>e at the applicable PD<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span>EAD is based on the amounts Multitude e<span class=\"__2 _200\"></span>xpects to be o<span class=\"__2 _200\"></span>wed at the time of def<span class=\"__2 _200\"></span>ault, o<span class=\"__2 _200\"></span>ver the ne<span class=\"__2 _202\"></span>xt 12 months (12M EAD<span class=\"__2 _200\"></span>) or ov<span class=\"__2 _202\"></span>er the remaining lifetime (Lifetime EAD<span class=\"__2 _202\"></span>). EAD repr<span class=\"__2 _200\"></span>esents the expect<span class=\"__2 _200\"></span>ed e<span class=\"__2 _200\"></span>xposure in the e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ent of a default (including any e<span class=\"__2 _202\"></span>xpected dra<span class=\"__2 _200\"></span>wdo<span class=\"__2 _200\"></span>wns of committ<span class=\"__2 _200\"></span>ed facilities<span class=\"__2 _200\"></span>). The 12-month and lifetime EADs ar<span class=\"__2 _200\"></span>e determined based on the t<span class=\"__2 _200\"></span>otal balance of r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>able at the reporting da<span class=\"__2 _200\"></span>te, taking int<span class=\"__2 _200\"></span>o account the t<span class=\"__2 _200\"></span>otal amount rec<span class=\"__2 _200\"></span>eivable fr<span class=\"__2 _200\"></span>om borro<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ers inclusive of principal, inter<span class=\"__2 _200\"></span>est and fees that ar<span class=\"__2 _200\"></span>e acc<span class=\"__2 _200\"></span>ounted for as part of the eff<span class=\"__2 _200\"></span>ective int<span class=\"__2 _200\"></span>eres<span class=\"__2 _200\"></span>t rat<span class=\"__2 _200\"></span>e. This is deemed an adequate r<span class=\"__2 _200\"></span>epresenta<span class=\"__2 _200\"></span>tion of the expect<span class=\"__2 _200\"></span>ed balance at def<span class=\"__2 _200\"></span>ault in the case of the Multitude\u2019s cr<span class=\"__2 _200\"></span>edit facilities giv<span class=\"__2 _202\"></span>en that the Group models its ECLs on a collectiv<span class=\"__2 _202\"></span>e portfolio lev<span class=\"__2 _200\"></span>el with the modelling of the EAD for each futur<span class=\"__2 _200\"></span>e month on an individual loan-by<span class=\"__2 _200\"></span>-loan basis not being deemed practical. Additionally<span class=\"__2 _201\"></span>, in the case of r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities the Gr<span class=\"__2 _200\"></span>oup also fact<span class=\"__2 _200\"></span>ors in expect<span class=\"__2 _200\"></span>ed dra<span class=\"__2 _200\"></span>wdo<span class=\"__2 _202\"></span>wns of committ<span class=\"__2 _200\"></span>ed facilities.<span class=\"__2 _25f\"> </span>For Micr<span class=\"__2 _200\"></span>o Loans, the Group c<span class=\"__2 _200\"></span>onsiders the gros<span class=\"__2 _200\"></span>s balance, including the principal and pr<span class=\"__2 _200\"></span>oces<span class=\"__2 _200\"></span>sing fees char<span class=\"__2 _200\"></span>ged at the loan's inception (and r<span class=\"__2 _200\"></span>epay<span class=\"__2 _200\"></span>able at the loan maturity), of its outstanding loans to cus<span class=\"__2 _200\"></span>tomers at the r<span class=\"__2 _200\"></span>eporting date t<span class=\"__2 _200\"></span>o be a reasonable estimat<span class=\"__2 _200\"></span>e of EAD regar<span class=\"__2 _200\"></span>ding this facility<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>On the other hand, Plus Loans, Prime Loans and SME loans ar<span class=\"__2 _200\"></span>e typically subject to a monthly repa<span class=\"__2 _200\"></span>yment schedule e<span class=\"__2 _200\"></span>xpected to impact EAD a<span class=\"__2 _200\"></span>t different points in time thr<span class=\"__2 _200\"></span>oughout the residual<span class=\"__2 _25f\"> </span>life of such facilities. Similarly<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup charges daily int<span class=\"__2 _200\"></span>erest on outs<span class=\"__2 _200\"></span>tanding balances in r<span class=\"__2 _200\"></span>elation to Cr<span class=\"__2 _200\"></span>edit Limit facilities and Cr<span class=\"__2 _200\"></span>edit Cards, and c<span class=\"__2 _200\"></span>ollects monthly minimum repa<span class=\"__2 _200\"></span>yments, which ultimately impacts EAD<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span>Ho<span class=\"__2 _200\"></span>we<span class=\"__2 _200\"></span>ver<span class=\"__2 _201\"></span>, because Plus L<span class=\"__2 _200\"></span>oans, Prime Loans, SME loans, Credit Limit f<span class=\"__2 _200\"></span>acilities, and Credit Car<span class=\"__2 _200\"></span>ds typically hav<span class=\"__2 _202\"></span>e high volumes and lo<span class=\"__2 _200\"></span>w values individually<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup opts not to calculat<span class=\"__2 _200\"></span>e the amortisation pr<span class=\"__2 _200\"></span>ofile to estimat<span class=\"__2 _200\"></span>e the EAD across v<span class=\"__2 _202\"></span>arious points in time throughout the remaining lifespan of these f<span class=\"__2 _200\"></span>acilities. Instead, the Gr<span class=\"__2 _200\"></span>oup deems the gros<span class=\"__2 _200\"></span>s balance of its outstanding loans to cus<span class=\"__2 _200\"></span>tomers at the r<span class=\"__2 _200\"></span>eporting date, which includes both principal and ac<span class=\"__2 _200\"></span>crued inter<span class=\"__2 _200\"></span>est, to be a reasonable appr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ximation of the EAD for these f<span class=\"__2 _200\"></span>acilities.<span class=\"__2 _25f\"> </span>The L<span class=\"__2 _202\"></span>GD repr<span class=\"__2 _200\"></span>esents the Group\u2019<span class=\"__2 _200\"></span>s e<span class=\"__2 _200\"></span>xpectation of the e<span class=\"__2 _200\"></span>xtent of loss on a def<span class=\"__2 _200\"></span>aulted e<span class=\"__2 _200\"></span>xposure. Henc<span class=\"__2 _200\"></span>e, the L<span class=\"__2 _202\"></span>GD represents e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses on the EAD given the e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ent of default, taking into acc<span class=\"__2 _200\"></span>ount, among other attributes, the mitigating effect of c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _202\"></span>al values (if any) at the time it is e<span class=\"__2 _200\"></span>xpected to be r<span class=\"__2 _200\"></span>ealised and the time v<span class=\"__2 _200\"></span>alue of money<span class=\"__2 _201\"></span>. The L<span class=\"__2 _202\"></span>GD is determined based on the fact<span class=\"__2 _200\"></span>ors which impact the rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries made pos<span class=\"__2 _200\"></span>t default.<span class=\"__2 _25f\"> </span>Giv<span class=\"__2 _200\"></span>en that its credit f<span class=\"__2 _200\"></span>acilities are gener<span class=\"__2 _200\"></span>ally unsecured in na<span class=\"__2 _200\"></span>ture, the Gr<span class=\"__2 _200\"></span>oup estimat<span class=\"__2 _200\"></span>es L<span class=\"__2 _200\"></span>GD par<span class=\"__2 _200\"></span>ameters based on the hist<span class=\"__2 _200\"></span>ory of reco<span class=\"__2 _202\"></span>very r<span class=\"__2 _200\"></span>ates in r<span class=\"__2 _200\"></span>espect of claims against default<span class=\"__2 _200\"></span>ed cust<span class=\"__2 _200\"></span>omers, which rat<span class=\"__2 _200\"></span>es are highly impact<span class=\"__2 _200\"></span>ed by c<span class=\"__2 _200\"></span>ollectiv<span class=\"__2 _200\"></span>e debt reco<span class=\"__2 _202\"></span>very str<span class=\"__2 _202\"></span>ategies. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup\u2019s L<span class=\"__2 _202\"></span>GDs comprise the effects of the Multitude\u2019<span class=\"__2 _200\"></span>s ability to dispose of o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue loans originat<span class=\"__2 _200\"></span>ed in specific territories to other parties at pr<span class=\"__2 _200\"></span>e-established pric<span class=\"__2 _200\"></span>es, that are dependent on the cr<span class=\"__2 _200\"></span>edit quality or ageing of the loans. Estimat<span class=\"__2 _200\"></span>ed L<span class=\"__2 _200\"></span>GDs are also impact<span class=\"__2 _200\"></span>ed by his<span class=\"__2 _200\"></span>torical one-off portfolio sales and the e<span class=\"__2 _200\"></span>xpected future unc<span class=\"__2 _200\"></span>ontract<span class=\"__2 _200\"></span>ed portfolio sales activity<span class=\"__2 _201\"></span>. Reco<span class=\"__2 _202\"></span>veries fr<span class=\"__2 _200\"></span>om loan portfolio sales ar<span class=\"__2 _200\"></span>e calculated on a discount<span class=\"__2 _200\"></span>ed cash flow basis using the c<span class=\"__2 _200\"></span>ontractual int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate as the discounting f<span class=\"__2 _200\"></span>actor<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>For Micr<span class=\"__2 _200\"></span>o Loans, the Gr<span class=\"__2 _200\"></span>oup utilises statistical informa<span class=\"__2 _200\"></span>tion and the roll-r<span class=\"__2 _200\"></span>ate methodology t<span class=\"__2 _200\"></span>o estimate the le<span class=\"__2 _200\"></span>vel of r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries from loan r<span class=\"__2 _200\"></span>epayments it e<span class=\"__2 _202\"></span>xpects after loan facilities r<span class=\"__2 _200\"></span>each a non-performing status.<span class=\"__2 _25f\"> </span>For Plus Loans, Prime L<span class=\"__2 _200\"></span>oans, SME loans, Credit Limit facilities, and Cr<span class=\"__2 _202\"></span>edit Cards, the Group es<span class=\"__2 _200\"></span>timates the le<span class=\"__2 _200\"></span>vel of r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries from loan r<span class=\"__2 _200\"></span>epayments it e<span class=\"__2 _202\"></span>xpects after loan facilities r<span class=\"__2 _200\"></span>each a non-performing status. T<span class=\"__2 _200\"></span>he Group calculat<span class=\"__2 _200\"></span>es the marginal r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery rat<span class=\"__2 _200\"></span>es up to 12 months aft<span class=\"__2 _200\"></span>er default by tr<span class=\"__2 _202\"></span>acking the monthly rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries fr<span class=\"__2 _200\"></span>om loan repa<span class=\"__2 _200\"></span>yments e<span class=\"__2 _200\"></span>xperienced o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er each performance windo<span class=\"__2 _200\"></span>w as a perc<span class=\"__2 _200\"></span>entage of the total balanc<span class=\"__2 _200\"></span>e of defaulted e<span class=\"__2 _202\"></span>xposures at each snapshot date<span class=\"__2 _200\"></span>. Expected r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries are calc<span class=\"__2 _200\"></span>ulated on a discount<span class=\"__2 _200\"></span>ed cash flow basis using the c<span class=\"__2 _200\"></span>ontractual def<span class=\"__2 _200\"></span>ault inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate as the discounting f<span class=\"__2 _200\"></span>actor<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>The ECL is measur<span class=\"__2 _200\"></span>ed from the initial r<span class=\"__2 _200\"></span>ecognition of the financial asset. T<span class=\"__2 _200\"></span>he maximum period consider<span class=\"__2 _200\"></span>ed when measuring ECL (be it 12-month or lifetime ECL) is the maximum contr<span class=\"__2 _202\"></span>actual period o<span class=\"__2 _200\"></span>ver which Multitude is e<span class=\"__2 _202\"></span>xposed to credit risk. W<span class=\"__2 _200\"></span>ith respect t<span class=\"__2 _200\"></span>o non-re<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>olving credit facilities, the contr<span class=\"__2 _200\"></span>actual life of the f<span class=\"__2 _200\"></span>acility is considered. In the case of r<span class=\"__2 _200\"></span>e<span class=\"__2 _200\"></span>volving cr<span class=\"__2 _200\"></span>edit facilities, pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vided that such facilities do not ha<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e a fixed t<span class=\"__2 _200\"></span>erm or repa<span class=\"__2 _200\"></span>yment structur<span class=\"__2 _200\"></span>e, the Gr<span class=\"__2 _200\"></span>oup defines the lifetime of such e<span class=\"__2 _200\"></span>xposures as 2<span class=\"__2 _200\"></span>4 months in line with observ<span class=\"__2 _200\"></span>ed borro<span class=\"__2 _200\"></span>wer beha<span class=\"__2 _200\"></span>viour in the respectiv<span class=\"__2 _202\"></span>e territ<span class=\"__2 _200\"></span>ories. The lifetime of r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities is r<span class=\"__2 _200\"></span>e-assessed b<span class=\"__2 _202\"></span>y the Group at a territ<span class=\"__2 _200\"></span>ory lev<span class=\"__2 _202\"></span>el based on more r<span class=\"__2 _200\"></span>ecent borr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>wer beha<span class=\"__2 _200\"></span>viour patterns on a periodic basis. The Gr<span class=\"__2 _200\"></span>oup performs a hist<span class=\"__2 _200\"></span>orical analysis to identify the k<span class=\"__2 _202\"></span>ey economic v<span class=\"__2 _202\"></span>ariables affecting credit risk and e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses for each pr<span class=\"__2 _200\"></span>oduct portfolio at a territ<span class=\"__2 _200\"></span>ory lev<span class=\"__2 _202\"></span>el. These economic v<span class=\"__2 _200\"></span>ariables and their associat<span class=\"__2 _200\"></span>ed impact on the PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _200\"></span>GD may v<span class=\"__2 _200\"></span>ary b<span class=\"__2 _200\"></span>y portfolio or territ<span class=\"__2 _200\"></span>ory<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup discounts the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erable amount of loans t<span class=\"__2 _200\"></span>o customers, which r<span class=\"__2 _200\"></span>epresents the futur<span class=\"__2 _200\"></span>e cash flo<span class=\"__2 _200\"></span>ws e<span class=\"__2 _200\"></span>xpected to be r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _202\"></span>ed from loan sales and loan repa<span class=\"__2 _200\"></span>yment rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries using the original EIR of the product f<span class=\"__2 _200\"></span>or the applicable discount period. In the case of forw<span class=\"__2 _200\"></span>ard <span class=\"__2 _200\"></span>sales, a time-<span class=\"__2 _25f\"> </span>to-sell period of 12 months is as<span class=\"__2 _200\"></span>sumed, whereas r<span class=\"__2 _200\"></span>epayment r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries are disc<span class=\"__2 _200\"></span>ounted monthly based on the month of occurr<span class=\"__2 _200\"></span>ence<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span>Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span>In rela<span class=\"__2 _200\"></span>tion to debt inv<span class=\"__2 _202\"></span>estments, the Group also c<span class=\"__2 _200\"></span>onducts periodical assessments in r<span class=\"__2 _200\"></span>elation to the respectiv<span class=\"__2 _202\"></span>e underlying collater<span class=\"__2 _200\"></span>al, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should acc<span class=\"__2 _200\"></span>ount for e<span class=\"__2 _200\"></span>xpected credit los<span class=\"__2 _200\"></span>ses. In order for its ECL methodology t<span class=\"__2 _200\"></span>o repr<span class=\"__2 _200\"></span>esent an appropria<span class=\"__2 _200\"></span>te estimation of its cr<span class=\"__2 _200\"></span>edit risk emanating fr<span class=\"__2 _200\"></span>om said exposur<span class=\"__2 _200\"></span>es, the Group as<span class=\"__2 _200\"></span>sesses the ECL on each e<span class=\"__2 _200\"></span>xposure separ<span class=\"__2 _200\"></span>ately<span class=\"__2 _201\"></span>. Consist<span class=\"__2 _200\"></span>ent with regulat<span class=\"__2 _200\"></span>ory and industry best pr<span class=\"__2 _202\"></span>actices, the Group\u2019<span class=\"__2 _200\"></span>s ECL calculations ar<span class=\"__2 _200\"></span>e based on PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _202\"></span>GD. The PD of the entity is deriv<span class=\"__2 _200\"></span>ed through an int<span class=\"__2 _200\"></span>ernal credit r<span class=\"__2 _202\"></span>ating on the counterparty which is determined using an int<span class=\"__2 _200\"></span>ernal model that the Bank dev<span class=\"__2 _202\"></span>eloped, from information obtained b<span class=\"__2 _202\"></span>y e<span class=\"__2 _200\"></span>xternal cr<span class=\"__2 _200\"></span>edit bureaus or other pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>xies as applicable. In the absence of sufficient int<span class=\"__2 _200\"></span>ernal historical default data, in or<span class=\"__2 _200\"></span>der to es<span class=\"__2 _200\"></span>timate PDs, the Gr<span class=\"__2 _200\"></span>oup makes r<span class=\"__2 _200\"></span>efer<span class=\"__2 _200\"></span>ence to e<span class=\"__2 _202\"></span>xternal publicly av<span class=\"__2 _200\"></span>ailable information published b<span class=\"__2 _200\"></span>y S&amp;P Global Ratings in the case of e<span class=\"__2 _200\"></span>xposures t<span class=\"__2 _200\"></span>o corpor<span class=\"__2 _200\"></span>ate entities.<span class=\"__2 _25f\"> </span>Debt inv<span class=\"__2 _202\"></span>estments are typically subject t<span class=\"__2 _200\"></span>o bullet repa<span class=\"__2 _200\"></span>yments upon maturity with only inter<span class=\"__2 _200\"></span>est (<span class=\"__2 _200\"></span>coupon) payments being paid separ<span class=\"__2 _202\"></span>ately throughout the useful lif<span class=\"__2 _200\"></span>e of the financial assets. Thus, assuming no int<span class=\"__2 _200\"></span>erest pa<span class=\"__2 _200\"></span>yments are in arr<span class=\"__2 _200\"></span>ears, the EAD equates t<span class=\"__2 _200\"></span>o the inv<span class=\"__2 _202\"></span>estment itself<span class=\"__2 _200\"></span>. The L<span class=\"__2 _202\"></span>GD is derived based on the los<span class=\"__2 _200\"></span>s arising on default when comparing the initial in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment and the e<span class=\"__2 _200\"></span>xpected r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>ver<span class=\"__2 _202\"></span>ability of the collater<span class=\"__2 _200\"></span>al. On the other hand, in estimating L<span class=\"__2 _202\"></span>GD for debt inv<span class=\"__2 _202\"></span>estments, the Group r<span class=\"__2 _200\"></span>efers to the his<span class=\"__2 _200\"></span>torical corpor<span class=\"__2 _200\"></span>ate debt r<span class=\"__2 _202\"></span>ecov<span class=\"__2 _202\"></span>ery rat<span class=\"__2 _200\"></span>es for senior unsecured bond issuers published b<span class=\"__2 _200\"></span>y Moody\u2019s. In this r<span class=\"__2 _200\"></span>egard, the Gr<span class=\"__2 _202\"></span>oup assumes that its L<span class=\"__2 _200\"></span>GD is repr<span class=\"__2 _200\"></span>esented b<span class=\"__2 _200\"></span>y the inv<span class=\"__2 _202\"></span>erse of the corpora<span class=\"__2 _200\"></span>te and so<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>eign rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very r<span class=\"__2 _200\"></span>ates published b<span class=\"__2 _202\"></span>y Moody\u2019s. Mor<span class=\"__2 _200\"></span>e specifically<span class=\"__2 _201\"></span>, the Group utilises the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _202\"></span>very measur<span class=\"__2 _200\"></span>e pro<span class=\"__2 _200\"></span>vided b<span class=\"__2 _200\"></span>y Moody's which is based on ultimate r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>veries, or the v<span class=\"__2 _200\"></span>alue creditors r<span class=\"__2 _200\"></span>ealise at the r<span class=\"__2 _200\"></span>esolution of a default e<span class=\"__2 _200\"></span>vent. F<span class=\"__2 _200\"></span>or e<span class=\"__2 _200\"></span>xample, for is<span class=\"__2 _200\"></span>suers filing for bankrupt<span class=\"__2 _200\"></span>cy<span class=\"__2 _201\"></span>, the ultimate rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very is the pr<span class=\"__2 _200\"></span>esent value of the cash and/<span class=\"__2 _201\"></span>or securities that the credit<span class=\"__2 _200\"></span>ors actually rec<span class=\"__2 _200\"></span>eive when the is<span class=\"__2 _200\"></span>suer exits bankrupt<span class=\"__2 _200\"></span>cy<span class=\"__2 _201\"></span>, typically one to tw<span class=\"__2 _200\"></span>o years f<span class=\"__2 _200\"></span>ollowing the initial default dat<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup discounts the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erable amount of debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments using the original EIR.<span class=\"__2 _25f\"> </span>Cash and cash equivalents<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of individual count<span class=\"__2 _200\"></span>erparties. These published gr<span class=\"__2 _200\"></span>ades are continuously monit<span class=\"__2 _200\"></span>ored and upda<span class=\"__2 _200\"></span>ted. The PDs associat<span class=\"__2 _200\"></span>ed with each grade ar<span class=\"__2 _200\"></span>e determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the prior 12 months, as published by r<span class=\"__2 _202\"></span>ating agencies. In determining the probability of def<span class=\"__2 _200\"></span>ault of individual count<span class=\"__2 _200\"></span>erparties, the Group distinguishes betw<span class=\"__2 _202\"></span>een exposur<span class=\"__2 _200\"></span>es consider<span class=\"__2 _200\"></span>ed \u2018inv<span class=\"__2 _200\"></span>estment-gr<span class=\"__2 _200\"></span>ade\u2019 defined b<span class=\"__2 _200\"></span>y recognised e<span class=\"__2 _202\"></span>xternal ra<span class=\"__2 _200\"></span>ting agencies as a rating betw<span class=\"__2 _200\"></span>een AA<span class=\"__2 _200\"></span>A<span class=\"__2 _200\"></span>-BBB- (Standar<span class=\"__2 _200\"></span>d &amp; Poor<span class=\"__2 _203\"></span>\u2019s, Fit<span class=\"__2 _200\"></span>ch) and Aaa-Baa3 (Moody\u2019<span class=\"__2 _200\"></span>s), and \u2018non-in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment grade\u2019 e<span class=\"__2 _200\"></span>xposures. Similarly<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup utilises S&amp;P Global Ratings in the case of e<span class=\"__2 _200\"></span>xposures t<span class=\"__2 _200\"></span>o sov<span class=\"__2 _202\"></span>ereign issuers (f<span class=\"__2 _200\"></span>or balances with Centr<span class=\"__2 _200\"></span>al Banks<span class=\"__2 _200\"></span>). In those cases where public inf<span class=\"__2 _200\"></span>ormation by S&amp;P Global Ra<span class=\"__2 _200\"></span>tings in relation t<span class=\"__2 _200\"></span>o sov<span class=\"__2 _202\"></span>ereigns is not av<span class=\"__2 _202\"></span>ailable, the Group utilises, Moody\u2019<span class=\"__2 _200\"></span>s \u2018Sov<span class=\"__2 _202\"></span>ereign Default and R<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery Rates\u2019.<span class=\"__2 _25f\"> </span>169<span class=\"__2 _25f\"> </span>Multitude Group Annual R<span class=\"__2 _200\"></span>ep<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of individual count<span class=\"__2 _200\"></span>erparties. These published gr<span class=\"__2 _200\"></span>ades are continuously monit<span class=\"__2 _200\"></span>ored and upda<span class=\"__2 _200\"></span>ted. The PDs associat<span class=\"__2 _200\"></span>ed with each grade ar<span class=\"__2 _200\"></span>e determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the prior 12 months, as published b<span class=\"__2 _200\"></span>y rating agencies.<span class=\"__2 _25f\"> </span>4.2.5.4 Forw<span class=\"__2 _200\"></span>ard-looking information inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>ted in the ECL model The calculation of ECL inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>tes forw<span class=\"__2 _200\"></span>ard-looking informa<span class=\"__2 _200\"></span>tion. The Group has identified k<span class=\"__2 _202\"></span>ey driv<span class=\"__2 _200\"></span>ers of credit risk and cr<span class=\"__2 _200\"></span>edit losses for each portfolio of financial ins<span class=\"__2 _200\"></span>truments and using an analysis of his<span class=\"__2 _200\"></span>torical data, has analy<span class=\"__2 _200\"></span>sed relationships betw<span class=\"__2 _200\"></span>een macroec<span class=\"__2 _200\"></span>onomic variables, cr<span class=\"__2 _202\"></span>edit risk and credit los<span class=\"__2 _200\"></span>ses. This analysis is c<span class=\"__2 _200\"></span>onducted at a t<span class=\"__2 _200\"></span>erritory and sub portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el in order t<span class=\"__2 _200\"></span>o tak<span class=\"__2 _200\"></span>e into consider<span class=\"__2 _200\"></span>ation possible differ<span class=\"__2 _202\"></span>ences in customer beha<span class=\"__2 _200\"></span>viour and default e<span class=\"__2 _202\"></span>xperience arising from diff<span class=\"__2 _200\"></span>erent pr<span class=\"__2 _200\"></span>oduct charact<span class=\"__2 _200\"></span>eristics. T<span class=\"__2 _210\"></span>o be able to determine the manner in which ec<span class=\"__2 _200\"></span>onomic conditions will be impacting the ECL estimat<span class=\"__2 _200\"></span>es, the Group first perf<span class=\"__2 _200\"></span>orms an assessment t<span class=\"__2 _200\"></span>o select the Macroeconomic V<span class=\"__2 _201\"></span>ariable (\u2018MEV\u2019) which has the highest corr<span class=\"__2 _202\"></span>elation to credit risk f<span class=\"__2 _200\"></span>actors for a c<span class=\"__2 _200\"></span>ertain country and pr<span class=\"__2 _200\"></span>oduct. The Group does this thr<span class=\"__2 _200\"></span>ough the implementation of a one-st<span class=\"__2 _200\"></span>ep Error C<span class=\"__2 _200\"></span>orrection Model (\u2018ECM\u2019). The ECM is a multiple regr<span class=\"__2 _200\"></span>ession model that aut<span class=\"__2 _200\"></span>omatically corr<span class=\"__2 _200\"></span>ects short-term de<span class=\"__2 _200\"></span>viations from the long-term equilibrium r<span class=\"__2 _200\"></span>elationship such that the default<span class=\"__2 _200\"></span>ed loan amount is res<span class=\"__2 _200\"></span>tor<span class=\"__2 _200\"></span>ed back to its long-term equilibrium at a specific speed of adjus<span class=\"__2 _200\"></span>tment. Thr<span class=\"__2 _200\"></span>ough the utilisation of this model the Group has det<span class=\"__2 _200\"></span>ermined a set of four MEV<span class=\"__2 _202\"></span>s to which the Group\u2019<span class=\"__2 _202\"></span>s portfolios are the most sensitiv<span class=\"__2 _202\"></span>e, namely Gros<span class=\"__2 _200\"></span>s Domestic Product (\u2018GDP\u2019), Personal Dis<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>posable Income (\u2018PDI), and Unemplo<span class=\"__2 _202\"></span>yment Rate (\u2018UR\u2019) for Micr<span class=\"__2 _200\"></span>o Loans, Plus Loans, Credit Limit facilities, Cr<span class=\"__2 _200\"></span>edit Cards and Prime Loans, wher<span class=\"__2 _202\"></span>eas Consumption Rate Priv<span class=\"__2 _200\"></span>ate (\u2018CRP\u2019) is the ke<span class=\"__2 _200\"></span>y driv<span class=\"__2 _200\"></span>er for SME Loans and corpor<span class=\"__2 _202\"></span>ate loans. The choice of macr<span class=\"__2 _202\"></span>oeconomic variable t<span class=\"__2 _200\"></span>o be used for a particular territ<span class=\"__2 _200\"></span>ory and product is det<span class=\"__2 _200\"></span>ermined through an optimised appr<span class=\"__2 _200\"></span>oach in which the ECM is run separa<span class=\"__2 _200\"></span>tely for each of these v<span class=\"__2 _200\"></span>ariables. The v<span class=\"__2 _200\"></span>ariable that is ultimately applied f<span class=\"__2 _200\"></span>or the territory / product is the one tha<span class=\"__2 _200\"></span>t produces the mos<span class=\"__2 _200\"></span>t statistically significant r<span class=\"__2 _200\"></span>esult. In order t<span class=\"__2 _200\"></span>o capture a r<span class=\"__2 _202\"></span>ange of possible future out<span class=\"__2 _200\"></span>comes, three pos<span class=\"__2 _200\"></span>sible scenarios ar<span class=\"__2 _200\"></span>e consider<span class=\"__2 _200\"></span>ed in the determination of the Gr<span class=\"__2 _200\"></span>oup\u2019<span class=\"__2 _200\"></span>s ECL. The \u2018base line\u2019 scenario r<span class=\"__2 _200\"></span>epresents the mos<span class=\"__2 _200\"></span>t likely out<span class=\"__2 _200\"></span>come. It is based on for<span class=\"__2 _200\"></span>ecasted ec<span class=\"__2 _200\"></span>onomic variables, pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vided by Oxf<span class=\"__2 _200\"></span>ord Ec<span class=\"__2 _200\"></span>onomics, and pro<span class=\"__2 _202\"></span>vides the best estima<span class=\"__2 _200\"></span>te vie<span class=\"__2 _200\"></span>w of each respectiv<span class=\"__2 _200\"></span>e country within the Gr<span class=\"__2 _200\"></span>oup\u2019s lending portf<span class=\"__2 _200\"></span>olio. Apart fr<span class=\"__2 _200\"></span>om the \u2018base line\u2019 scenario<span class=\"__2 _200\"></span>, the Group c<span class=\"__2 _200\"></span>onsiders two other macr<span class=\"__2 _200\"></span>oeconomic sc<span class=\"__2 _200\"></span>enarios \u2013 \u2018Upside\u2019 and \u2018Do<span class=\"__2 _200\"></span>wnside\u2019 scenarios \u2013 which respectiv<span class=\"__2 _202\"></span>ely repr<span class=\"__2 _200\"></span>esent a more optimistic and a mor<span class=\"__2 _202\"></span>e pessimistic outc<span class=\"__2 _200\"></span>ome, as further e<span class=\"__2 _200\"></span>xplained in this section. Each scenario is w<span class=\"__2 _200\"></span>eighted b<span class=\"__2 _200\"></span>y a probability of oc<span class=\"__2 _200\"></span>currenc<span class=\"__2 _200\"></span>e, determined b<span class=\"__2 _202\"></span>y a combination of macro<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>economic r<span class=\"__2 _200\"></span>esearch and e<span class=\"__2 _202\"></span>xpert credit judgement, taking acc<span class=\"__2 _200\"></span>ount the range of pos<span class=\"__2 _200\"></span>sible outcomes, each chosen scenario r<span class=\"__2 _200\"></span>epresents. The w<span class=\"__2 _200\"></span>eightings assigned to each ec<span class=\"__2 _200\"></span>onomic scenario<span class=\"__2 _200\"></span>, which are unchanged fr<span class=\"__2 _200\"></span>om 2022 w<span class=\"__2 _200\"></span>ere 60%, for the \u2018Base\u2019 sc<span class=\"__2 _200\"></span>enario, 20% for the \u2018Do<span class=\"__2 _200\"></span>wnside\u2019 scenario and 20% for the \u2018Upside\u2019 sc<span class=\"__2 _200\"></span>enario. T<span class=\"__2 _200\"></span>he number of scenarios used is based on the analy<span class=\"__2 _200\"></span>sis of each major product type t<span class=\"__2 _200\"></span>o ensure that non-linearities are captur<span class=\"__2 _200\"></span>ed. The number of sc<span class=\"__2 _200\"></span>enarios and their attributes ar<span class=\"__2 _200\"></span>e reasses<span class=\"__2 _200\"></span>sed at each reporting da<span class=\"__2 _200\"></span>te. The pr<span class=\"__2 _202\"></span>obability weightings assigned t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _200\"></span>e scenarios r<span class=\"__2 _200\"></span>eflect an unbiased e<span class=\"__2 _200\"></span>valuation of the r<span class=\"__2 _200\"></span>ange of possible outc<span class=\"__2 _200\"></span>omes.<span class=\"__2 _25f\"> </span>In rela<span class=\"__2 _200\"></span>tion to the debt inv<span class=\"__2 _202\"></span>estments, the Group also inc<span class=\"__2 _200\"></span>orporat<span class=\"__2 _200\"></span>es these macroec<span class=\"__2 _200\"></span>onomic forecas<span class=\"__2 _200\"></span>ts<span class=\"__2 _25f\"> </span>in its periodical assessments on the pledged loan portf<span class=\"__2 _200\"></span>olios, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should pro<span class=\"__2 _202\"></span>vide for expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>ses. Such assessments ar<span class=\"__2 _200\"></span>e based on the credit informa<span class=\"__2 _200\"></span>tion supplied b<span class=\"__2 _200\"></span>y the bond issuers which the Multitude Group has in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ested in. In or<span class=\"__2 _200\"></span>der for its ECL meth<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>odology to r<span class=\"__2 _200\"></span>epresent an appr<span class=\"__2 _200\"></span>opriate es<span class=\"__2 _200\"></span>timation of its credit risk emanating fr<span class=\"__2 _202\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Group as<span class=\"__2 _200\"></span>sesses the ECL on each credit portf<span class=\"__2 _200\"></span>olio securing the Group\u2019<span class=\"__2 _202\"></span>s inv<span class=\"__2 _200\"></span>estment separa<span class=\"__2 _200\"></span>tely<span class=\"__2 _201\"></span>. The pertinent macr<span class=\"__2 _200\"></span>oeconomic v<span class=\"__2 _200\"></span>ariables relating t<span class=\"__2 _200\"></span>o the Group's lending portf<span class=\"__2 _200\"></span>olio as at 31 December 2023, utilised in the multiple r<span class=\"__2 _200\"></span>egression, ar<span class=\"__2 _202\"></span>e sourced fr<span class=\"__2 _200\"></span>om Oxfor<span class=\"__2 _200\"></span>d Economics and ar<span class=\"__2 _200\"></span>e listed belo<span class=\"__2 _202\"></span>w:<span class=\"__2 _25f\"> </span>Unemplo<span class=\"__2 _200\"></span>yment r<span class=\"__2 _200\"></span>ate<span class=\"__2 _25f\"> </span><table class=\"s_1 w68_1 h6d\" id=\"_58ab8bc8-d5b8-4058-8748-86d50c60abd9\"><tr><td class=\"t_2 m0_2 x13c_1 h15_2 yaee ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">In %<span class=\"__2 _25f\"> </span></td><td></td><td class=\"c_1 n_1 x181_1 yaf0 w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x182_1 yaf0 w6a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x183_1 yaf0 w6b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x184_1 yaf1 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x185_1 yaf1 w6d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x186_1 yaf1 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x187_1 yaf1 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x188_1 yaf1 w6f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x189_1 yaf1 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18a_1 yaf1 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18b_1 yaf1 w70_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18c_1 yaf1 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf2 w72_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls25_2 ws15e_2\">Bulgaria<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18d_1 yaf2 w73_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18e_1 yaf2 w74_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18f_1 yaf2 w75_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x190_1 yaf2 w76_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">4.80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x191_1 yaf2 w77_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x192_1 yaf2 w78_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>26<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x193_1 yaf2 w76_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">4.80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x194_1 yaf2 w79_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.41<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x195_1 yaf2 w78_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>26<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf3 w7a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls27_2 ws160_2\">Cze<span class=\"__2 _203\"></span>ch<span class=\"__2 _203\"></span>ia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x196_1 yaf3 w7b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x197_1 yaf3 w7c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x198_1 yaf3 w7d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>20<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x199_1 yaf3 w7e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19a_1 yaf3 w7f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.17<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19b_1 yaf3 w80_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19c_1 yaf3 w81_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19d_1 yaf3 w82_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>20<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19e_1 yaf3 w83_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4.<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf4 w84_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Denmark<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19f_1 yaf4 w85_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a0_1 yaf4 w86_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls29_2 ws162_2\">2<span class=\"__2 _203\"></span>.97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a1_1 yaf4 w87_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a2_1 yaf4 w88_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>86<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a3_1 yaf4 w89_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.<span class=\"__2 _203\"></span>52<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a4_1 yaf4 w8a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a5_1 yaf4 w8b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.75<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a6_1 yaf4 w8c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a7_1 yaf4 w8d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf5 w8e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Netherl<span class=\"__2 _200\"></span>ands<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a8_1 yaf5 w8f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a9_1 yaf5 w90_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1aa_1 yaf5 w91_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ab_1 yaf5 w92_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ac_1 yaf5 w81_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ad_1 yaf5 w73_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ae_1 yaf5 w93_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.4<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1af_1 yaf5 w94_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>98<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b0_1 yaf5 w95_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf6 w96_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Poland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b1_1 yaf6 w97_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls29_2 ws162_2\">4<span class=\"__2 _203\"></span>.97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b2_1 yaf6 w98_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b3_1 yaf6 w99_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b4_1 yaf6 w9a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b5_1 yaf6 w9b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b6_1 yaf6 w9c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b7_1 yaf6 w9d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>83<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b8_1 yaf6 w9e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2b_2 ws54_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b0_1 yaf6 w9f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wa0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Romania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b9_1 yae1 w8c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ba_1 yae1 wa1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>52<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bb_1 yae1 w95_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bc_1 yae1 wa2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>60<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bd_1 yae1 wa3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.<span class=\"__2 _203\"></span>19<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1be_1 yae1 w82_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>20<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bf_1 yae1 wa4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c0_1 yae1 wa5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.1<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c1_1 yae1 wa6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr></table>Personal disposable income<span class=\"__2 _25f\"> </span><table class=\"s_1 wa7_1 h6f\" id=\"_93f95fc3-d324-4b01-ab6c-1c7dd7805a8d\"><tr><td class=\"t_2 m0_2 x13c_1 h15_2 yaf7 ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Billion units<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"c_1 n_1 x1c2_1 yaf8 w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1c3_1 yaf8 w6a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1c4_1 yaf8 w6b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x1c5_1 yaf9 wa8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">Cur<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c6_1 yaf9 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c7_1 yaf9 w6d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c8_1 yaf9 wa9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c9_1 yaf9 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ca_1 yaf9 waa_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cb_1 yaf9 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cc_1 yaf9 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cd_1 yaf9 wab_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ce_1 yaf9 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafa wac_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2d_2 ws165_2\">Croa<span class=\"__2 _203\"></span>tia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cf_1 yafa wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d0_1 yafa wae_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d1_1 yafa waf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d2_1 yafa wb0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>02<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d3_1 yafa wb1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d4_1 yafa wb2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">38.5<span class=\"__2 _200\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d5_1 yafa wb3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">38.5<span class=\"__2 _200\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d6_1 yafa wb4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>63<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d7_1 yafa wb5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.7<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d8_1 yafa wb6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafb wb7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cf_1 yafb wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d9_1 yafb wb8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>7.<span class=\"__2 _212\"> </span>2<span class=\"__2 _205\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1da_1 yafb wb9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1db_1 yafb wba_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>7.<span class=\"__2 _203\"></span>0<span class=\"__2 _212\"> </span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1dc_1 yafb wbb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1dd_1 yafb wbc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>9.<span class=\"__2 _205\"></span>27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1de_1 yafb wbd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>94<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1df_1 yafb wbe_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>30.<span class=\"__2 _205\"></span>25<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e0_1 yafb wbf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e1_1 yafb wc0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">130<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafc wc1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Lit<span class=\"__2 _200\"></span>huania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e2_1 yafc w9e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e3_1 yafc wc2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">32<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>56<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e4_1 yafc wc3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">32<span class=\"__2 _203\"></span>.70<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e5_1 yafc wc4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">32<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e6_1 yafc wc5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>81<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e7_1 yafc wc6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">33<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e8_1 yafc wc7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e9_1 yafc wc8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.75<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ea_1 yafc wc9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">34<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1eb_1 yafc wca_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>89<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafd w8e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Netherl<span class=\"__2 _200\"></span>ands<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ec_1 yafd wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ed_1 yafd wcb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">41<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>53<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ee_1 yafd wcc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">417.37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ef_1 yafd wcd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">415<span class=\"__2 _203\"></span>.07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f0_1 yafd wce_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">41<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f1_1 yafd wcf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">42<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f2_1 yafd wd0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">416<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f3_1 yafd wd1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">420.92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f4_1 yafd wd2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">42<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f5_1 yafd wd3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">418<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaed wd4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls31_2 ws169_2\">No<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>way<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f6_1 yaed wd5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls32_2 ws16a_2\">NOK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f7_1 yaed wd6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f8_1 yaed wd7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,7<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f9_1 yaed wd8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>35<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fa_1 yaed wd9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws16b_2\">1,803.29<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fb_1 yaed wda_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">1,804.92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fc_1 yaed wdb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>80<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>00<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fd_1 yaed wdc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws16c_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fe_1 yaed wdd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>86<span class=\"__2 _203\"></span>0.<span class=\"__2 _205\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ff_1 yaed wde_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wdf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">Sw<span class=\"__2 _200\"></span>eden<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x200_1 yae1 we0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls35_2 wsda_2\">SEK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x201_1 yae1 we1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>85<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>.78<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x202_1 yae1 we2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">2,85<span class=\"__2 _200\"></span>8.50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x203_1 yae1 we3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x204_1 yae1 we4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x205_1 yae1 we5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls36_2 ws16e_2\">2,902.96<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x206_1 yae1 we6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">2<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x207_1 yae1 we7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>92<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>02<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x208_1 yae1 we8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls37_2 ws16f_2\">2,946.06<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x209_1 yae1 we9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls36_2 ws170_2\">2,903.<span class=\"__2 _200\"></span>16<span class=\"__2 _25f\"> </span></div></td></tr></table>Consumption r<span class=\"__2 _200\"></span>at<span class=\"__2 _200\"></span>e privat<span class=\"__2 _200\"></span>e<span class=\"__2 _25f\"> </span><table class=\"s_1 wea_1 h70\" id=\"_2bd0ff8c-9e4e-4323-bf0c-f94a50bc040d\"><tr><td class=\"t_2 m0_2 x13c_1 h15_2 yafe ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Billion units<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x20a_1 yaff w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x20b_1 yaff w6a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x20c_1 yaff web_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x20d_1 yb00 wa8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">Cur<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x20e_1 yb00 wec_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x20f_1 yb00 w6f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x210_1 yb00 wa9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x211_1 yb00 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x212_1 yb00 w6f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x213_1 yb00 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x214 yb00 wed_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">B<span class=\"__2 _203\"></span>ase<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x215 yb00 wab_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x216 yb00 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb01 w84_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Denmark<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x217 yb01 wee_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls38_2 wse0_2\">DKK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x218 yb01 wef_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,0<span class=\"__2 _200\"></span>51.37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x219 yb01 wf0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,0<span class=\"__2 _200\"></span>53.61<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21a yb01 wf1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21b yb01 wf2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">1<span class=\"__2 _203\"></span>,080.<span class=\"__2 _203\"></span>36<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21c yb01 wf3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>86<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21d yb01 wf4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,063.66<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21e yb01 wf5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21f yb01 wf6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">1<span class=\"__2 _203\"></span>,111.7<span class=\"__2 _200\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x220 yb01 wf7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">1,084.18<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wdf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">Sw<span class=\"__2 _200\"></span>eden<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x221 yae1 we0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls35_2 wsda_2\">SEK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x222 yae1 wf8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">2,<span class=\"__2 _203\"></span>557<span class=\"__2 _202\"></span>.16<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x223 yae1 wf9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws173_1\">2,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>62<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x224 yae1 wfa_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>49.<span class=\"__2 _205\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x225 yae1 wfb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>60<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>32<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x226 yae1 wfc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>62<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>65<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x227 yae1 wfd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>58<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x228 yae1 wfe_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">2,663.55<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x229 yae1 wff_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>78<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x22a yae1 w100_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3a_2 ws174_1\">2,627<span class=\"__2 _200\"></span>.62<span class=\"__2 _25f\"> </span></div></td></tr></table>171<span class=\"__2 _25f\"> </span>Multitude Group Ann<span class=\"__2 _25f\"> </span><table class=\"s_1 w10b_1 h72\" id=\"_f750d153-afcd-478b-942b-9c3fefe59d69\"><tr><td class=\"t_2 m0_2 x236 h15_2 yb06 ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Billion units<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"c_1 n_1 x237 yb07 w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x238 yb07 w10c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x239 yb07 w6b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x23a yb08 wa8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">Cur<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23b yb08 w10d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Ba<span class=\"__2 _203\"></span>se<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23c yb08 w6d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23d yb08 wa9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23e yb08 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23f yb08 wab_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Dow<span class=\"__2 _203\"></span>n<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x240 yb08 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x241 yb08 w10e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x242 yb08 w10f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x243 yb08 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb09 w72_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls25_2 ws15e_2\">Bulgaria<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x244 yb09 w110_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">BGN<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x245 yb09 wca_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>12<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x246 yb09 wb0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x247 yb09 w111_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">111<span class=\"__2 _203\"></span>.58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x248 yb09 w112_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>14<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x249 yb09 w113_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>06<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24a yb09 wb2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>13<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>33<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24b yb09 w114_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24c yb09 w115_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>9<span class=\"__2 _205\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24d yb09 w116_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">115<span class=\"__2 _203\"></span>.29<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0a wac_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2d_2 ws165_2\">Croa<span class=\"__2 _203\"></span>tia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24e yb0a wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24f yb0a w117_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">59<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x250 yb0a w118_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x251 yb0a w119_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">59<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x252 yb0a w11a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x253 yb0a w11b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x254 yb0a w11c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x255 yb0a w11d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x256 yb0a w11e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">62<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x257 yb0a w11f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>75<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0b w120_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3b_2 ws175_1\">E<span class=\"__2 _203\"></span>sto<span class=\"__2 _203\"></span>nia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x258 yb0b wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x259 yb0b w121_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3c_2 ws176_1\">25.48<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25a yb0b w122_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">25<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25b yb0b w123_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25c yb0b w124_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">2<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25d yb0b w125_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">2<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25e yb0b w126_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25f yb0b w127_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">28<span class=\"__2 _205\"></span>.73<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x260 yb0b w116_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x261 yb0b wb3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">28.5<span class=\"__2 _200\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0c w128_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Germany<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x262 yb0c w9e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x263 yb0c w129_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3c_2 ws176_1\">3<span class=\"__2 _203\"></span>,256.62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x264 yb0c w12a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,<span class=\"__2 _205\"></span>28<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x265 yb0c w12b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3d_2 ws9d_2\">3,232.21<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x266 yb0c w12c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>30<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x267 yb0c wd8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>37<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.19<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x268 yb0c w12d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>28<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x269 yb0c w12e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>1.<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26a yb0c w12f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,41<span class=\"__2 _203\"></span>7<span class=\"__2 _200\"></span>.4<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26b yb0c w130_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3d_2 ws9d_2\">3,29<span class=\"__2 _200\"></span>2.72<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0d w131_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls37_2 ws177_1\">Latv<span class=\"__2 _200\"></span>ia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26c yb0d wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26d yb0d wc8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">29<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26e yb0d w132_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">29.<span class=\"__2 _203\"></span>72<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26f yb0d w133_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x270 yb0d w134_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x271 yb0d w135_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x272 yb0d w136_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x273 yb0d w137_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">31.16<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x274 yb0d w138_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x275 yb0d w139_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>95<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0e w8e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Netherl<span class=\"__2 _200\"></span>ands<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x276 yb0e w13a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EU<span class=\"__2 _203\"></span>R<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x277 yb0e w13b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">812<span class=\"__2 _203\"></span>.<span class=\"__2 _205\"></span>28<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x278 yb0e w13c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>18<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x279 yb0e w13d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27a yb0e w13e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>64<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27b yb0e w13f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2b_2 ws54_2\">8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27c yb0e w140_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">81<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27d yb0e w141_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27e yb0e w142_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">8<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27f yb0e w143_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">8<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0f wa0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Romania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x280 yb0f w144_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3e_2 ws178_1\">RON<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x281 yb0f w145_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>25<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>81<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x282 yb0f w146_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>7.<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x283 yb0f w147_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,244.29<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x284 yb0f w148_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>28<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>.75<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x285 yb0f w149_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,30<span class=\"__2 _200\"></span>3.58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x286 yb0f w14a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>65<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x287 yb0f w14b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,32<span class=\"__2 _200\"></span>3.44<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x288 yb0f w14c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>34<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x289 yb0f w14d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>7<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w14e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3b_2 ws175_1\">Sl<span class=\"__2 _203\"></span>oven<span class=\"__2 _203\"></span>ia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28a yae1 wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28b yae1 w14f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">49<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28c yae1 w150_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>0.1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28d yae1 w151_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">49<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28e yae1 w152_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28f yae1 w153_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls37_2 ws177_1\">51.69<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x290 yae1 w154_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>0.<span class=\"__2 _205\"></span>21<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x291 yae1 w155_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">52<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x292 yae1 w156_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">52<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x293 yae1 w157_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>1.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr></table>The Risk Management t<span class=\"__2 _200\"></span>eam monitors, on an ongoing basis, the economic f<span class=\"__2 _200\"></span>orecasts r<span class=\"__2 _200\"></span>eleases and adjusts its model inputs and asses<span class=\"__2 _200\"></span>ses the connected out<span class=\"__2 _200\"></span>comes in the light of r<span class=\"__2 _200\"></span>evised macr<span class=\"__2 _200\"></span>oeco<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>nomic data and other quantitativ<span class=\"__2 _200\"></span>e and qualitativ<span class=\"__2 _200\"></span>e information. Ther<span class=\"__2 _200\"></span>e is an absence of an observ<span class=\"__2 _200\"></span>able historical tr<span class=\"__2 _200\"></span>end that can acc<span class=\"__2 _200\"></span>urat<span class=\"__2 _200\"></span>ely repr<span class=\"__2 _200\"></span>esent the sev<span class=\"__2 _202\"></span>erity and speed of the economic impacts br<span class=\"__2 _200\"></span>ought about by the pandemic. C<span class=\"__2 _200\"></span>onsequently<span class=\"__2 _201\"></span>, in some cases, the Group\u2019<span class=\"__2 _202\"></span>s models generat<span class=\"__2 _200\"></span>e outputs that appear ov<span class=\"__2 _202\"></span>erly sensitive when c<span class=\"__2 _200\"></span>ompared with other credit risk metrics and as a r<span class=\"__2 _200\"></span>esult, modelled assumptions and linkages betw<span class=\"__2 _202\"></span>een economic factors and credit los<span class=\"__2 _200\"></span>ses may under<span class=\"__2 _200\"></span>estimate or o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>estimat<span class=\"__2 _200\"></span>e ECL in these conditions.<span class=\"__2 _25f\"> </span>4.2.5.5 ECL sensitivity analysis in r<span class=\"__2 _200\"></span>espect of macroec<span class=\"__2 _200\"></span>onomic scenarios<span class=\"__2 _25f\"> </span>Risk Management team c<span class=\"__2 _200\"></span>onsidered the sensitivity of the ECL out<span class=\"__2 _200\"></span>come (ref<span class=\"__2 _200\"></span>er to Note 4.2.5.4) t<span class=\"__2 _200\"></span>o the macroec<span class=\"__2 _200\"></span>onomic for<span class=\"__2 _200\"></span>ecasts by r<span class=\"__2 _202\"></span>ecalculating the ECL under the different sc<span class=\"__2 _200\"></span>enarios, applying a 100% w<span class=\"__2 _200\"></span>eighting to each scenario<span class=\"__2 _200\"></span>. The effect of ec<span class=\"__2 _200\"></span>onomic uncertainty on the ECL outc<span class=\"__2 _200\"></span>ome is disclosed in the sensitivity analysis pr<span class=\"__2 _200\"></span>esented in Not<span class=\"__2 _200\"></span>e 4.2.5.5. The ECL calculat<span class=\"__2 _200\"></span>ed for the upside and downside sc<span class=\"__2 _200\"></span>enarios should not be taken t<span class=\"__2 _200\"></span>o repr<span class=\"__2 _200\"></span>esent the upper and lo<span class=\"__2 _200\"></span>wer limits of possible ECL outc<span class=\"__2 _200\"></span>omes as there is a high degr<span class=\"__2 _200\"></span>ee of estimation unc<span class=\"__2 _200\"></span>ertainty in the numbers repr<span class=\"__2 _200\"></span>esenting tail risk scenarios when as<span class=\"__2 _200\"></span>signed a 100% weighting.<span class=\"__2 _25f\"> </span>As with any macr<span class=\"__2 _200\"></span>oeconomic for<span class=\"__2 _200\"></span>ecasts, the pr<span class=\"__2 _200\"></span>ojections and likelihood of oc<span class=\"__2 _200\"></span>currenc<span class=\"__2 _200\"></span>e are subject to a high degr<span class=\"__2 _200\"></span>ee of uncertainty<span class=\"__2 _201\"></span>, especially in the cont<span class=\"__2 _200\"></span>ext of the macr<span class=\"__2 _200\"></span>oeconomic and geopolitical conflicts and t<span class=\"__2 _200\"></span>ensions being experienc<span class=\"__2 _200\"></span>ed, and theref<span class=\"__2 _200\"></span>ore, the actual out<span class=\"__2 _200\"></span>comes ma<span class=\"__2 _200\"></span>y be specifically differ<span class=\"__2 _200\"></span>ent from those pr<span class=\"__2 _200\"></span>ojected. The <span class=\"__2 _200\"></span>Group considers these f<span class=\"__2 _200\"></span>orecas<span class=\"__2 _200\"></span>ts to repr<span class=\"__2 _202\"></span>esent its best estimate of the possible out<span class=\"__2 _200\"></span>comes.<span class=\"__2 _25f\"> </span>In vie<span class=\"__2 _200\"></span>w of the abov<span class=\"__2 _202\"></span>e, the Group asses<span class=\"__2 _200\"></span>sed and is hereb<span class=\"__2 _200\"></span>y presenting the sensitivity analy<span class=\"__2 _200\"></span>sis in respect of its e<span class=\"__2 _200\"></span>xposures as at 31 Dec<span class=\"__2 _200\"></span>ember<span class=\"__2 _201\"></span>, estimated b<span class=\"__2 _200\"></span>y determining the r<span class=\"__2 _200\"></span>ange of credit los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances which w<span class=\"__2 _200\"></span>ould hav<span class=\"__2 _200\"></span>e been measured b<span class=\"__2 _200\"></span>y assigning a 100% w<span class=\"__2 _200\"></span>eighting to each of the thr<span class=\"__2 _200\"></span>ee macroec<span class=\"__2 _200\"></span>o<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>nomic scenarios de<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eloped as present<span class=\"__2 _200\"></span>ed in the tables below<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span><table class=\"s_1 w101_1 h71\" id=\"_9da4395b-4429-428d-be5e-17d87fb1140d\"><tr><td></td><td class=\"t_2 m0_2 x22b ha_2 yb02 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">(Decrease<span class=\"__2 _200\"></span>) / increase in </td><td class=\"t_2 m0_2 x22c ha_2 yb02 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">(Decrease<span class=\"__2 _200\"></span>) / increase in </td></tr><tr><td></td><td class=\"t_2 m0_2 x22d ha_2 yb03 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL 2023 </td><td class=\"t_2 m0_2 x22e ha_2 yb03 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL 2022<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yb04 w102_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>% Ba<span class=\"__2 _203\"></span>selin<span class=\"__2 _203\"></span>e, EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x22f yb04 w103_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(26<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x230 yb04 w104_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(24<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb05 w105_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>% Downsi<span class=\"__2 _203\"></span>de, EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x231 yb05 w106_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>1<span class=\"__2 _212\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x232 yb05 w107_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>937<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w108_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>% Upsi<span class=\"__2 _203\"></span>de, EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x233 yae1 w109_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x234 yae1 w10a_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _212\"></span>2<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr></table>For baseline sc<span class=\"__2 _200\"></span>enario, the global ec<span class=\"__2 _200\"></span>onomic outlook reflects a pr<span class=\"__2 _200\"></span>olonged period of steady and unspectacular gr<span class=\"__2 _200\"></span>owth o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the coming quarters, despit<span class=\"__2 _200\"></span>e a slight upw<span class=\"__2 _200\"></span>ard. As a r<span class=\"__2 _200\"></span>esult, Oxfor<span class=\"__2 _200\"></span>d Eco<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>nomics hav<span class=\"__2 _202\"></span>e slightly re<span class=\"__2 _200\"></span>vised upw<span class=\"__2 _200\"></span>ard the baseline for<span class=\"__2 _200\"></span>ecast for w<span class=\"__2 _202\"></span>orld GDP for 2024 t<span class=\"__2 _200\"></span>o 2.0% and 2.6%<span class=\"__2 _25f\"> </span>in 2025. Oxf<span class=\"__2 _200\"></span>ord Ec<span class=\"__2 _200\"></span>onomics expect tha<span class=\"__2 _200\"></span>t, in the US, the economy will lik<span class=\"__2 _200\"></span>ely av<span class=\"__2 _202\"></span>oid a reces<span class=\"__2 _200\"></span>sion, which has prompt<span class=\"__2 _200\"></span>ed a push back in the timing of the Feder<span class=\"__2 _200\"></span>al Reserv<span class=\"__2 _200\"></span>e's first r<span class=\"__2 _200\"></span>ate cut. Other adv<span class=\"__2 _200\"></span>anced<span class=\"__2 _25f\"> </span>economies ar<span class=\"__2 _200\"></span>e also set to gr<span class=\"__2 _200\"></span>ow slo<span class=\"__2 _200\"></span>wly as the adv<span class=\"__2 _200\"></span>erse impact on activity from pas<span class=\"__2 _200\"></span>t policy tight<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ening builds. As a result, O<span class=\"__2 _200\"></span>xford E<span class=\"__2 _200\"></span>conomics e<span class=\"__2 _200\"></span>xpect the global economy t<span class=\"__2 _200\"></span>o e<span class=\"__2 _200\"></span>xperience a second consecutiv<span class=\"__2 _202\"></span>e year of sub-par gr<span class=\"__2 _200\"></span>owth in 20<span class=\"__2 _200\"></span>24, with w<span class=\"__2 _200\"></span>orld GDP set to r<span class=\"__2 _200\"></span>emain well belo<span class=\"__2 _200\"></span>w the le<span class=\"__2 _200\"></span>vel anticipated prior t<span class=\"__2 _200\"></span>o the pandemic.<span class=\"__2 _25f\"> </span>For the do<span class=\"__2 _200\"></span>wnside scenario<span class=\"__2 _200\"></span>, the Risk Management team has c<span class=\"__2 _200\"></span>onsidered a pr<span class=\"__2 _200\"></span>otract<span class=\"__2 _200\"></span>ed period of high inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ates which w<span class=\"__2 _200\"></span>eigh on stock mark<span class=\"__2 _202\"></span>ets and house prices, resulting in tight<span class=\"__2 _200\"></span>er credit conditions and se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral y<span class=\"__2 _202\"></span>ears of sub-par growth. Under this sc<span class=\"__2 _200\"></span>enario, monetary policy is tight<span class=\"__2 _200\"></span>ened again in the near term as c<span class=\"__2 _200\"></span>ore inflation pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ves s<span class=\"__2 _200\"></span>tickier than expect<span class=\"__2 _200\"></span>ed and rene<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ed concerns o<span class=\"__2 _202\"></span>ver a potential escalation of the Isr<span class=\"__2 _202\"></span>ael-Hamas conflict tempor<span class=\"__2 _200\"></span>arily push up energy pric<span class=\"__2 _200\"></span>es. Equity prices fall, causing adv<span class=\"__2 _202\"></span>erse wealth effects and r<span class=\"__2 _200\"></span>aising the cost of capital. T<span class=\"__2 _200\"></span>he result is a pr<span class=\"__2 _200\"></span>otract<span class=\"__2 _200\"></span>ed period of sub-par global gro<span class=\"__2 _202\"></span>wth. Oxford Ec<span class=\"__2 _200\"></span>onomics estimat<span class=\"__2 _200\"></span>e that gro<span class=\"__2 _200\"></span>wth is only 1.3% in 202<span class=\"__2 _200\"></span>4 and 2025, with w<span class=\"__2 _200\"></span>orld GDP as much as 0.<span class=\"__2 _200\"></span>7pp and 1.3pp respectiv<span class=\"__2 _200\"></span>ely below baseline<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span>The upside sc<span class=\"__2 _200\"></span>enario was modelled for global ec<span class=\"__2 _200\"></span>onomy in which an early monetary policy loosen<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ing fuels an unwind of household sa<span class=\"__2 _200\"></span>vings built up during the pandemic, resulting in a mor<span class=\"__2 _200\"></span>e robus<span class=\"__2 _200\"></span>t consumer led r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery<span class=\"__2 _201\"></span>. In this scenario, a near t<span class=\"__2 _200\"></span>erm impro<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ement in the inflation outlook prompts earlier than e<span class=\"__2 _200\"></span>xpected Centr<span class=\"__2 _200\"></span>al Bank policy loosening. Ener<span class=\"__2 _200\"></span>gy prices ease further as remaining c<span class=\"__2 _200\"></span>on<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>cerns o<span class=\"__2 _202\"></span>ver the risk of a wider Middle East c<span class=\"__2 _200\"></span>onflict fade, at the same time as c<span class=\"__2 _200\"></span>ore inflation under<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>shoots e<span class=\"__2 _200\"></span>xpectations. As a result, sentiment impr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ves significantly and c<span class=\"__2 _200\"></span>onsumers acros<span class=\"__2 _200\"></span>s advanc<span class=\"__2 _200\"></span>ed economies run do<span class=\"__2 _200\"></span>wn a significant proportion of the sa<span class=\"__2 _202\"></span>vings accumulated during the pandemic. Ov<span class=\"__2 _200\"></span>erall, the global ec<span class=\"__2 _200\"></span>onomy r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>vers s<span class=\"__2 _200\"></span>trongly and financial mark<span class=\"__2 _200\"></span>ets str<span class=\"__2 _200\"></span>engthen, particularly in Europe<span class=\"__2 _200\"></span>. Oxfor<span class=\"__2 _200\"></span>d Economics e<span class=\"__2 _200\"></span>xpect w<span class=\"__2 _200\"></span>orld GDP to rise b<span class=\"__2 _200\"></span>y 0.4pp and 0<span class=\"__2 _200\"></span>.8pp abov<span class=\"__2 _202\"></span>e baseline in 2024 and 2025 r<span class=\"__2 _200\"></span>espectively<span class=\"__2 _201\"></span>, standing a<span class=\"__2 _200\"></span>t 2.4% and 3.4% respectiv<span class=\"__2 _200\"></span>ely<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>4.2.6 Information on cr<span class=\"__2 _200\"></span>edit quality of cash and cash equivalents<span class=\"__2 _25f\"> </span>Credit risk e<span class=\"__2 _202\"></span>xposure fr<span class=\"__2 _200\"></span>om cash and cash equivalents arises mainly fr<span class=\"__2 _200\"></span>om potential liquidity issues, coupled with liability caps applicable in v<span class=\"__2 _200\"></span>arious jurisdictions of banks and other financial institu<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tions which hold the Group\u2019<span class=\"__2 _202\"></span>s cash and cash equivalents. T<span class=\"__2 _210\"></span>o manage this risk the Group div<span class=\"__2 _200\"></span>ersifies its deposits amongst 292 bank ac<span class=\"__2 _200\"></span>counts in 2<span class=\"__2 _200\"></span>4 countries.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s the amount of cash and cash equivalents deposit<span class=\"__2 _200\"></span>ed in various bank<span class=\"__2 _25f\"> </span>acc<span class=\"__2 _200\"></span>ounts, grouped based on Fit<span class=\"__2 _200\"></span>ch\u2019s cr<span class=\"__2 _200\"></span>edit ratings f<span class=\"__2 _200\"></span>or the years ended 31 Dec<span class=\"__2 _200\"></span>ember:<span class=\"__2 _25f\"> </span><table class=\"s_1 w158_1 h73\" id=\"_bc07959f-f1a8-4053-aa81-f03bd35aa5df\"><tr><td class=\"c_1 n_1 x140_1 yb11 w159_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x294 yb11 w15a_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x295 yb11 w15b_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb12 w15c_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls44_2 ws17e_1\">AAA<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x296 yb12 w15d_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">6<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x297 yb12 w15e_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">6,988<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb13 w15f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls44_2 ws17e_1\">AA<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb13 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x299 yb13 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb14 w162_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">A<span class=\"__2 _203\"></span>A-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29a yb14 w163_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">593<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29b yb14 w164_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">2,36<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb15 w165_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls48_2 ws4f_2\">A+<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29c yb15 w166_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">35<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29d yb15 w167_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">31<span class=\"__2 _203\"></span>,911<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb16 w168_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29e yb16 w169_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">175<span class=\"__2 _203\"></span>,759<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29f yb16 w16a_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">41<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>76<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb17 w16b_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">A-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a0 yb17 w16c_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">40,045<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a1 yb17 w16d_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb18 w16e_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a2 yb18 w16f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">25,125<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a3 yb18 w170_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">5<span class=\"__2 _203\"></span>,91<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb19 w171_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a4 yb19 w172_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a5 yb19 w173_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">680<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1a w174_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a6 yb1a w175_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>10<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a7 yb1a w176_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">3<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1b w177_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">BB+<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a8 yb1b w178_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">59<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a9 yb1b w179_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2e_2 ws166_2\">300<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1c w17a_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2aa yb1c w17b_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ab yb1c w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1d w17c_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb1d w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x299 yb1d w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1e w17d_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">B<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb1e w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ac yb1e w17e_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">29<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1f w17f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">B-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb1f w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x299 yb1f w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb20 w180_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">No rat<span class=\"__2 _200\"></span>ing av<span class=\"__2 _200\"></span>ailable<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ad yb20 w181_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws186_1\">28<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ae yb20 w182_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">35<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wd2_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2af yae1 w183_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b0 yae1 w184_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">153<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr></table>The abo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e-mentioned balances include amounts deposited with c<span class=\"__2 _200\"></span>entral bank<span class=\"__2 _200\"></span>s and other banks.<span class=\"__2 _25f\"> </span><table class=\"s_1 w185_1 h75\" id=\"_6fba3795-f765-4dc5-b955-faf1882810dd\"><tr><td></td><td class=\"c_1 n_1 x2b1 yb21 w15a_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b2 yb21 w15b_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yb22 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb23 w186_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>ks:<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b3 yb23 w187_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b4 yb23 w188_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb24 w189_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Czechi<span class=\"__2 _203\"></span>a<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b5 yb24 w18a_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">293<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b6 yb24 w18b_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">4<span class=\"__2 _203\"></span>74<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb25 w18c_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Mal<span class=\"__2 _203\"></span>ta<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b7 yb25 w18d_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">17<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>320<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b8 yb25 w18e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">3<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>0<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb26 w18f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Lithu<span class=\"__2 _203\"></span>ania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b9 yb26 w190 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">31,683<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ba yb26 w191 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">22<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>301<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb27 w192 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Sweden<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2bb yb27 w193 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">6<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2bc yb27 w194 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">6,988<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb28 w195 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2bd yb28 w196 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">73,6<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2be yb28 w197 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">86<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x2bf yb29 w198 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c0 yb29 w199 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hd_2 yb2a ff3_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr></table>The balanc<span class=\"__2 _200\"></span>es with the Central Bank of Malta include a r<span class=\"__2 _200\"></span>eserv<span class=\"__2 _200\"></span>e deposit amounting to EUR 4.5 million (2022: EUR 3.8 million) held in terms of R<span class=\"__2 _200\"></span>egulation (EC) No. 17<span class=\"__2 _201\"></span>45<span class=\"__2 _200\"></span>/2003 of the Eur<span class=\"__2 _200\"></span>opean Centr<span class=\"__2 _200\"></span>al Bank<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span><table class=\"s_1 w19a h76\" id=\"_d8f59f98-f237-4f01-94a9-64c383d1785e\"><tr><td class=\"c_1 n_1 x2c1 yb2b w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c2 yb2b w19c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c3 yb2b w19d h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yb2c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks (r<span class=\"__2 _200\"></span>e<span class=\"__2 _203\"></span>payable o<span class=\"__2 _203\"></span>n ca<span class=\"__2 _203\"></span>ll an<span class=\"__2 _203\"></span>d at sho<span class=\"__2 _203\"></span>rt </td><td class=\"c_1 n_1 x2c5 yb2d w19e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">3<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>74<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c6 yb2d w19f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">2<span class=\"__2 _203\"></span>7,<span class=\"__2 _a0_2\"> </span>3<span class=\"__2 _205\"></span>5<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yb2e ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">notice<span class=\"__2 _200\"></span>) he<span class=\"__2 _203\"></span>ld by Multitu<span class=\"__2 _203\"></span>de B<span class=\"__2 _203\"></span>ank<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr></table>In the ordinary c<span class=\"__2 _200\"></span>ourse of business, the Gr<span class=\"__2 _200\"></span>oup places funds and carries out tr<span class=\"__2 _200\"></span>ansactions through corr<span class=\"__2 _200\"></span>espondent acc<span class=\"__2 _200\"></span>ounts with high credit quality local list<span class=\"__2 _200\"></span>ed banks and international bank<span class=\"__2 _200\"></span>s with a good credit r<span class=\"__2 _202\"></span>ating, subject to the opera<span class=\"__2 _200\"></span>tional requir<span class=\"__2 _200\"></span>ements and the application of a limit frame<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>w<span class=\"__2 _200\"></span>ork. Acc<span class=\"__2 _200\"></span>ordingly<span class=\"__2 _201\"></span>, such e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _202\"></span>e monitored thr<span class=\"__2 _200\"></span>ough the practical use of e<span class=\"__2 _202\"></span>xposure limits. In certain c<span class=\"__2 _200\"></span>ountries, the Group had t<span class=\"__2 _200\"></span>o utilise unrat<span class=\"__2 _200\"></span>ed financial institutions due to oper<span class=\"__2 _202\"></span>ational con<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>str<span class=\"__2 _200\"></span>aints within such countries, in vie<span class=\"__2 _200\"></span>w of the profile of the banking sect<span class=\"__2 _200\"></span>or in those territories. T<span class=\"__2 _200\"></span>he<span class=\"__2 _25f\"> </span>Group w<span class=\"__2 _202\"></span>ould carry out a comprehensiv<span class=\"__2 _202\"></span>e due diligence on such banks, prior to engaging with them,<span class=\"__2 _25f\"> </span> and on an e<span class=\"__2 _200\"></span>vent-driv<span class=\"__2 _202\"></span>en basis throughout the term of the r<span class=\"__2 _200\"></span>elationship. A<span class=\"__2 _200\"></span>t 31 December 2023, balanc<span class=\"__2 _200\"></span>es with other banks consis<span class=\"__2 _200\"></span>ted primarily of immediately withdr<span class=\"__2 _202\"></span>awable nostr<span class=\"__2 _200\"></span>o balances and term plac<span class=\"__2 _200\"></span>ements maturing within one month.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup risks losing of funds due to the pos<span class=\"__2 _200\"></span>sible political, economic and other e<span class=\"__2 _200\"></span>vents in a particular country wher<span class=\"__2 _200\"></span>e funds hav<span class=\"__2 _202\"></span>e been placed or inv<span class=\"__2 _202\"></span>ested with se<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>al count<span class=\"__2 _200\"></span>erparties domi<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ciled in the same country or r<span class=\"__2 _200\"></span>egion. Countries ar<span class=\"__2 _200\"></span>e assessed acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o their size, ec<span class=\"__2 _200\"></span>onomic data and pr<span class=\"__2 _200\"></span>ospects together with cr<span class=\"__2 _200\"></span>edit ratings is<span class=\"__2 _200\"></span>sued by int<span class=\"__2 _200\"></span>ernational rating agencies. Exis<span class=\"__2 _200\"></span>ting country cr<span class=\"__2 _200\"></span>edit risk e<span class=\"__2 _200\"></span>xposures, based on gr<span class=\"__2 _200\"></span>oupings of individual counterparties, ar<span class=\"__2 _200\"></span>e monitor<span class=\"__2 _200\"></span>ed and re<span class=\"__2 _202\"></span>view<span class=\"__2 _200\"></span>ed periodically<span class=\"__2 _201\"></span>. The Group\u2019<span class=\"__2 _200\"></span>s assets ar<span class=\"__2 _200\"></span>e predominantly in Eur<span class=\"__2 _200\"></span>ope.  A<span class=\"__2 _200\"></span>t the end of the reporting periods in 20<span class=\"__2 _200\"></span>23 and 2022, none of the financial assets r<span class=\"__2 _200\"></span>eferred t<span class=\"__2 _200\"></span>o wer<span class=\"__2 _202\"></span>e past due or impair<span class=\"__2 _200\"></span>ed.  The follo<span class=\"__2 _202\"></span>wing tables pro<span class=\"__2 _200\"></span>vide information about the cr<span class=\"__2 _200\"></span>edit quality of cash and cash equivalents. The cr<span class=\"__2 _200\"></span>edit quality of them is determined b<span class=\"__2 _200\"></span>y credit r<span class=\"__2 _200\"></span>atings applicable to c<span class=\"__2 _200\"></span>ounterparties based on e<span class=\"__2 _200\"></span>xternal r<span class=\"__2 _200\"></span>atings published by r<span class=\"__2 _200\"></span>eputable credit r<span class=\"__2 _202\"></span>ating agencies.<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h78\" id=\"_a2b63c9e-47bb-46e6-8835-2709e135d4e4\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb2f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb30 w1a1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yb30 w1a2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u201900<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yb31 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb32 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb33 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>ks </td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb34 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-   </td><td></td><td></td><td class=\"t_2 m0_2 x2cb hb_2 yb35 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb36 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x2cb hb_2 yb36 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb37 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb37 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ce yae1 w1a5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></div></td></tr></table><table class=\"s_1 w1a0 h79\" id=\"_459717f3-abdc-4277-abb9-1bad4878b4fc\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb38 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb39 w1a6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yb39 w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yb3a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb3b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb3c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>ks<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb3d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-   </td><td></td><td></td><td class=\"t_2 m0_2 x2c7 hb_2 yb3e ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 hb_2 yb3f ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb40 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb41 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb42 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2d0 yae1 w188_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></div></td></tr></table>In this regar<span class=\"__2 _200\"></span>d, the Go<span class=\"__2 _200\"></span>vernment of Malta and Go<span class=\"__2 _202\"></span>vernment of Lithuania as at 31 Dec<span class=\"__2 _200\"></span>ember 2023 had both a r<span class=\"__2 _200\"></span>ating of A2, as issued b<span class=\"__2 _200\"></span>y Moody\u2019s on 18 No<span class=\"__2 _202\"></span>vember 2022 and 29 April 20<span class=\"__2 _200\"></span>22, respectiv<span class=\"__2 _200\"></span>ely<span class=\"__2 _201\"></span>. (2022: A2) The Go<span class=\"__2 _202\"></span>vernment of Sw<span class=\"__2 _202\"></span>eden as at 31 December 2023 had a r<span class=\"__2 _200\"></span>ating of AA<span class=\"__2 _200\"></span>A as issued b<span class=\"__2 _200\"></span>y Moody\u2019<span class=\"__2 _200\"></span>s on 25 March 2022 (20<span class=\"__2 _200\"></span>22: AA<span class=\"__2 _200\"></span>A). The Go<span class=\"__2 _200\"></span>vernment of Cz<span class=\"__2 _200\"></span>echia as at 31 December 2023 had a ra<span class=\"__2 _200\"></span>ting of AA3 as issued b<span class=\"__2 _202\"></span>y Moody\u2019s on 5 August 20<span class=\"__2 _200\"></span>22 (2022: AA3).<span class=\"__2 _25f\"> </span>The r<span class=\"__2 _200\"></span>espective Fit<span class=\"__2 _200\"></span>ch ra<span class=\"__2 _200\"></span>ting for the Go<span class=\"__2 _200\"></span>vernment of Malta is A+, the Go<span class=\"__2 _202\"></span>vernment of Lithuania is A, the Go<span class=\"__2 _200\"></span>vernment of S<span class=\"__2 _200\"></span>weden is A<span class=\"__2 _200\"></span>AA and the Go<span class=\"__2 _202\"></span>vernment of Czechia is A<span class=\"__2 _200\"></span>A<span class=\"__2 _200\"></span>-.<span class=\"__2 _25f\"> </span>As at 31 December 20<span class=\"__2 _200\"></span>23 and 2022, e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit loss allow<span class=\"__2 _200\"></span>ances in r<span class=\"__2 _200\"></span>espect of balances with the<span class=\"__2 _25f\"> </span> Centr<span class=\"__2 _200\"></span>al Banks (which are as<span class=\"__2 _200\"></span>sumed to ha<span class=\"__2 _200\"></span>ve the same cr<span class=\"__2 _200\"></span>edit quality as the Go<span class=\"__2 _200\"></span>vernment of Malta, Go<span class=\"__2 _200\"></span>vernment of Lithuania, Go<span class=\"__2 _202\"></span>vernment of Cz<span class=\"__2 _200\"></span>echia and Gov<span class=\"__2 _202\"></span>ernment of Sweden) w<span class=\"__2 _200\"></span>ere deemed t<span class=\"__2 _200\"></span>o be insignificant.<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h7b\" id=\"_92ec1632-20b5-41f1-9458-6922cd2ee4b6\"><tr><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb4f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb50 w1a1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yb50 w1ad h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2c9 ha_2 yb51 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb53 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb54 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A- </td><td></td><td class=\"t_2 m0_2 x2d6 hb_2 yb55 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">1,<span class=\"__2 _203\"></span>558<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yb56 w1a7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d7 yb56 w1ae h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">1<span class=\"__2 _200\"></span>1,344<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb57 w1a9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d8 yb57 w1af h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">59<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb58 w1ab h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d9 yb58 w1b0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">60,721<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb59 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb59 ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">73,6<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb5a ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb5a ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb5b ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">73,6<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb5c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013 n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance </td><td></td><td></td></tr></table><table class=\"s_1 w1a0 h7a\" id=\"_76fae69e-e822-4cec-ae60-53e67e53ba18\"><tr><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb43 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb44 w1a6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yb44 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2c9 ha_2 yb45 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb46 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb47 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb48 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-   </td><td></td><td class=\"t_2 m0_2 x2d1 hb_2 yb49 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,795<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yb4a w1a7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d2 yb4a w1a8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>47<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0b w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d3 yb0b w1aa h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">241<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb4b w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d4 yb4b w1ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">78<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb4c ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb4c ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\"> 8<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>517<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb4d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb4d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-</td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb4e ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\"> 8<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>517<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yac0 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013 n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance </td><td></td><td></td></tr></table>Aft<span class=\"__2 _200\"></span>er the end of the reporting period, ther<span class=\"__2 _200\"></span>e wer<span class=\"__2 _202\"></span>e no significant changes in credit ra<span class=\"__2 _200\"></span>tings reflected in the tables abo<span class=\"__2 _200\"></span>ve which ha<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e a material impact on the cr<span class=\"__2 _200\"></span>edit quality of the financial assets<span class=\"__2 _25f\"> </span>4.2.7 Inf<span class=\"__2 _200\"></span>ormation on credit quality of loans t<span class=\"__2 _200\"></span>o customers<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup manages the credit quality of its loans t<span class=\"__2 _200\"></span>o customers b<span class=\"__2 _202\"></span>y using internal risk grades, which pro<span class=\"__2 _202\"></span>vide a progr<span class=\"__2 _200\"></span>essiv<span class=\"__2 _200\"></span>ely increasing risk pr<span class=\"__2 _200\"></span>ofile ranging fr<span class=\"__2 _200\"></span>om \u2018Regular<span class=\"__2 _203\"></span>\u2019 (best quality<span class=\"__2 _201\"></span>, less risk<span class=\"__2 _200\"></span>y) to \u2018Loss\u2019: T<span class=\"__2 _200\"></span>hese risk grades ar<span class=\"__2 _200\"></span>e an essential tool f<span class=\"__2 _200\"></span>or the Group t<span class=\"__2 _200\"></span>o identify both non-performing e<span class=\"__2 _200\"></span>x<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>posures and bett<span class=\"__2 _200\"></span>er-performing cust<span class=\"__2 _200\"></span>omers. The internal risk gr<span class=\"__2 _202\"></span>ades used by the Gr<span class=\"__2 _200\"></span>oup are further outlined as follo<span class=\"__2 _200\"></span>ws:<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span>Performing: Internal gr<span class=\"__2 _202\"></span>ade \u2018Regular<span class=\"__2 _203\"></span>\u2019;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span>Under performing: Internal gr<span class=\"__2 _200\"></span>ades \u2018W<span class=\"__2 _201\"></span>atch\u2019 and \u2018Substandar<span class=\"__2 _200\"></span>d\u2019; and \u2022 <span class=\"__2 _205\"></span>Non-performing: Internal gr<span class=\"__2 _200\"></span>ades \u2018Doubtful\u2019 and \u2018Loss\u2019. Regular<span class=\"ff4_2\">  </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s loans t<span class=\"__2 _200\"></span>o customers which ar<span class=\"__2 _202\"></span>e categorised as \u2018Regular<span class=\"__2 _203\"></span>\u2019 ar<span class=\"__2 _200\"></span>e principally debts in respect of which payment is not o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>due by 30 da<span class=\"__2 _200\"></span>ys and no r<span class=\"__2 _200\"></span>ecent hist<span class=\"__2 _200\"></span>ory of cust<span class=\"__2 _200\"></span>omer default e<span class=\"__2 _200\"></span>xists. Mul<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>titude does not e<span class=\"__2 _200\"></span>xpect losses from non-perf<span class=\"__2 _200\"></span>ormance b<span class=\"__2 _200\"></span>y these customers, which ar<span class=\"__2 _200\"></span>e consider<span class=\"__2 _200\"></span>ed as fully performing.<span class=\"__2 _25f\"> </span>W<span class=\"__2 _201\"></span>atch \u2022 <span class=\"__2 _205\"></span>Loans that attr<span class=\"__2 _200\"></span>act this category principally c<span class=\"__2 _200\"></span>omprise those where: \u2022 <span class=\"__2 _205\"></span><span class=\"wsda_2\">payment bec<span class=\"__2 _200\"></span>omes ov<span class=\"__2 _202\"></span>erdue by 30 da<span class=\"__2 _202\"></span>ys, but does not e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>eed 60 day<span class=\"__2 _200\"></span>s where a loan is deemed t<span class=\"__2 _200\"></span>o </span>be as non-performing when past due f<span class=\"__2 _200\"></span>or more than 90 da<span class=\"__2 _200\"></span>ys; \u2022 <span class=\"__2 _205\"></span><span class=\"ws70_2\">payment bec<span class=\"__2 _200\"></span>omes ov<span class=\"__2 _202\"></span>erdue b<span class=\"__2 _200\"></span>y 30 day<span class=\"__2 _200\"></span>s but does not ex<span class=\"__2 _202\"></span>ceed 45 day<span class=\"__2 _200\"></span>s where a loan is <span class=\"__2 _200\"></span>deemed to </span>be as non-performing when past due f<span class=\"__2 _200\"></span>or more than 60 da<span class=\"__2 _200\"></span>ys; and \u2022 <span class=\"__2 _205\"></span><span class=\"wsb7_2\">there ar<span class=\"__2 _200\"></span>e indicators of a significant incr<span class=\"__2 _200\"></span>ease in credit risk in ins<span class=\"__2 _200\"></span>tances when loans w<span class=\"__2 _200\"></span>ere gr<span class=\"__2 _200\"></span>anted a </span>payment holida<span class=\"__2 _200\"></span>y in a specific portfolio<span class=\"__2 _200\"></span>. Substandar<span class=\"__2 _200\"></span>d Exposures tha<span class=\"__2 _200\"></span>t are cat<span class=\"__2 _200\"></span>egorised within this category comprise those wher<span class=\"__2 _202\"></span>e: \u2022 <span class=\"__2 _205\"></span><span class=\"ws21_2\">payment bec<span class=\"__2 _200\"></span>omes ov<span class=\"__2 _202\"></span>erdue by 6<span class=\"__2 _200\"></span>1 day<span class=\"__2 _200\"></span>s but does not e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ceed 90 day<span class=\"__2 _200\"></span>s for wher<span class=\"__2 _200\"></span>e a loan is deemed </span>to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 90 day<span class=\"__2 _200\"></span>s; and \u2022 <span class=\"__2 _205\"></span><span class=\"wsa3_2\">where pa<span class=\"__2 _200\"></span>yment becomes o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue b<span class=\"__2 _200\"></span>y 46 day<span class=\"__2 _200\"></span>s, but does not e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>eed 60 day<span class=\"__2 _200\"></span>s where a loan is </span>deemed to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 60 day<span class=\"__2 _200\"></span>s; Doubtful Loans which attr<span class=\"__2 _200\"></span>act a \u2018Doubtful\u2019 grading ar<span class=\"__2 _200\"></span>e principally those assets in r<span class=\"__2 _200\"></span>espect of which: \u2022 <span class=\"__2 _205\"></span><span class=\"ws4e_2\">repa<span class=\"__2 _200\"></span>yment becomes o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue b<span class=\"__2 _200\"></span>y 61 da<span class=\"__2 _200\"></span>ys and o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er but not ex<span class=\"__2 _202\"></span>ceeding 180 day<span class=\"__2 _200\"></span>s for wher<span class=\"__2 _200\"></span>e a loan is </span>deemed to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 60 day<span class=\"__2 _200\"></span>s; \u2022 <span class=\"__2 _205\"></span><span class=\"ws153_2\">repa<span class=\"__2 _200\"></span>yment becomes o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue b<span class=\"__2 _200\"></span>y 91 day<span class=\"__2 _200\"></span>s and o<span class=\"__2 _200\"></span>ver but not e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eeding 180 day<span class=\"__2 _200\"></span>s for a loan is </span>deemed to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 90 day<span class=\"__2 _200\"></span>s; or \u2022 <span class=\"__2 _205\"></span>hav<span class=\"__2 _200\"></span>e indicated UTP crit<span class=\"__2 _200\"></span>eria, as outlined in Note 4.2.5.2.<span class=\"__2 _25f\"> </span>Loss Loans in r<span class=\"__2 _200\"></span>espect of which payment becomes o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>due by 180 da<span class=\"__2 _200\"></span>ys.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup further categorises outstanding loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers using an internal risk gr<span class=\"__2 _200\"></span>ading sys<span class=\"__2 _200\"></span>tem based on their credit quality and perf<span class=\"__2 _200\"></span>ormance, with \"R<span class=\"__2 _200\"></span>egular\" considered t<span class=\"__2 _200\"></span>o be \"performing\" and not-credit impair<span class=\"__2 _202\"></span>ed (Stage 1), \"W<span class=\"__2 _202\"></span>atch\" and \"Substandar<span class=\"__2 _200\"></span>d\" regar<span class=\"__2 _200\"></span>ded as \"underperforming\" with an occurr<span class=\"__2 _200\"></span>ence of SICR sinc<span class=\"__2 _200\"></span>e initial rec<span class=\"__2 _200\"></span>ognition (Stage 2), and \"Doubtful\" and \"Loss\" c<span class=\"__2 _200\"></span>onsidered to be \"non-performing\" and cr<span class=\"__2 _200\"></span>edit-impaired (Stage 3). The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s the Group\u2019<span class=\"__2 _202\"></span>s gross outstanding loans t<span class=\"__2 _200\"></span>o customers balanc<span class=\"__2 _200\"></span>es, risk grading, and basis for ECL r<span class=\"__2 _200\"></span>ecognition and measur<span class=\"__2 _200\"></span>ement as at the years ended 31 Dec<span class=\"__2 _200\"></span>ember:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1b1 h7c\" id=\"_8b8eccef-1851-43fd-bf4e-e30280c2e6b9\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2da ha_2 yb5d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Day<span class=\"__2 _200\"></span>s past due*<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb5e w1b2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Risk grade<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2db yb5e w1b3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Category<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2dc yb5e w1b4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Basis for ECL<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2dd ha_2 yb5f ff3_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">Lowe<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span> </td><td class=\"t_2 m0_2 x2de ha_2 yb5f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Upper </td><td class=\"c_1 n_1 x2df yb5e w1b5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">UTP<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e0 yb5e w19c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e1 yb5e w19d h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2e2 ha_2 yb60 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">range<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x2e3 ha_2 yb60 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">range<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb61 w1b6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Regular<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e4 yb61 w1b7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls58_2 ws190_1\">Per<span class=\"__2 _203\"></span>form<span class=\"__2 _203\"></span>ing<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2e5 hb_2 yb62 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1 (<span class=\"__2 _203\"></span>12-m<span class=\"__2 _203\"></span>onth </td><td class=\"c_1 n_1 x2e6 yb63 w1b8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">0 to 30<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2e7 yb63 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e8 yb63 w1b9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">532,23<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e9 yb63 w1ba h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">464,<span class=\"__2 _203\"></span>238<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb64 ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb65 w1bb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5a_2 ws192_1\">Wa<span class=\"__2 _203\"></span>tc<span class=\"__2 _203\"></span>h<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2eb yb65 w1bc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">Underper<span class=\"__2 _203\"></span>forming</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb66 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2 (lifetim<span class=\"__2 _203\"></span>e </td><td class=\"c_1 n_1 x2ed yb65 w1bd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>1 - 45<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ee yb65 w1be h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 - 6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ef yb65 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f0 yb65 w1bf h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">26<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>955<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f1 yb65 w1c0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">20,755<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb67 ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb68 w1c1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Substandar<span class=\"__2 _200\"></span>d<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f2 yb68 w1c2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">Und<span class=\"__2 _203\"></span>erper<span class=\"__2 _203\"></span>forming</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb69 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2 (lifetim<span class=\"__2 _203\"></span>e </td><td class=\"c_1 n_1 x2f3 yb6a w1c3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46 - 6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f4 yb6a w1c4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>1 - 90<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f5 yb6a w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f6 yb6a w1c5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f7 yb6a w1c6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">14<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb6b ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb6c w1c7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Doubtful<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f8 yb6c w1c8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Non-per<span class=\"__2 _203\"></span>forming</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb6d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3 (lifetim<span class=\"__2 _203\"></span>e </td><td class=\"c_1 n_1 x2f3 yb6e w1c9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">61 - 1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f9 yb6e w1c9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">91 - 1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fa yb6e w1ca h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">Ye<span class=\"__2 _212\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fb yb6e wb7_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">21,661<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fc yb6e w1cb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24,<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb6f ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb70 w1cc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">Loss<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fd yb70 w1c8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Non-<span class=\"__2 _203\"></span>performing</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb71 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3 (lifetim<span class=\"__2 _203\"></span>e </td><td></td><td class=\"c_1 n_1 x2fe yb72 w1cd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Mo<span class=\"__2 _203\"></span>re than 1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0 days<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ff yb72 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x300 yb72 w1ce h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">92<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x301 yb72 w1cf h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">95<span class=\"__2 _203\"></span>,0<span class=\"__2 _200\"></span>72<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb73 ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wd2_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 n_1 x302 yae1 w1d0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">690,61<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x303 yae1 w1d1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">61<span class=\"__2 _203\"></span>9,794<span class=\"__2 _25f\"> </span></div></td></tr></table>*Lo<span class=\"__2 _200\"></span>wer and upper r<span class=\"__2 _200\"></span>anges of day<span class=\"__2 _200\"></span>s past due are based on DPD thr<span class=\"__2 _200\"></span>esholds of 60 and 90 day<span class=\"__2 _200\"></span>s, respectiv<span class=\"__2 _200\"></span>ely<span class=\"__2 _201\"></span>, to be consider<span class=\"__2 _200\"></span>ed as non-performing<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span>Rec<span class=\"__2 _200\"></span>onciliation of 12-month and lifetime ECL pro<span class=\"__2 _202\"></span>vision<span class=\"__2 _25f\"> </span>The loss allo<span class=\"__2 _202\"></span>wance r<span class=\"__2 _200\"></span>ecognised in the period is impact<span class=\"__2 _200\"></span>ed by a v<span class=\"__2 _200\"></span>ariety of fact<span class=\"__2 _200\"></span>ors, as described below:<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"wsbd_2\">T<span class=\"__2 _201\"></span>ransfers betw<span class=\"__2 _200\"></span>een \u2018Stage 1\u2019 and \u2018Stages 2 or 3\u2019 due t<span class=\"__2 _200\"></span>o financial instruments e<span class=\"__2 _200\"></span>xperiencing <span class=\"__2 _e_2\"></span><span class=\"ws0_2\"> </span></span>significant increases (<span class=\"__2 _202\"></span>or decreases) of cr<span class=\"__2 _202\"></span>edit risk or becoming credit-impair<span class=\"__2 _200\"></span>ed in the period, and the consequent \"s<span class=\"__2 _200\"></span>tep up\" (<span class=\"__2 _200\"></span>or \"step do<span class=\"__2 _200\"></span>wn\") between 12-month and Lif<span class=\"__2 _200\"></span>etime ECL;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"ws2a_2\">Additional allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es for ne<span class=\"__2 _200\"></span>w financial instruments rec<span class=\"__2 _200\"></span>ognised during the period, as well as </span>releases f<span class=\"__2 _200\"></span>or financial instruments derec<span class=\"__2 _200\"></span>ognised in the period;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"ws17_2\">Impact on the measurement of ECL due t<span class=\"__2 _200\"></span>o changes in PDs, EADs and L<span class=\"__2 _200\"></span>GDs in the period, arising </span>from r<span class=\"__2 _200\"></span>egular r<span class=\"__2 _200\"></span>efreshing of inputs to models;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span>Impacts on the measurement of ECL due t<span class=\"__2 _200\"></span>o changes made to models and assumptions;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"ws79_2\">Discount unwind within ECL due t<span class=\"__2 _200\"></span>o the passage of time, as ECL is measur<span class=\"__2 _200\"></span>ed on a present v<span class=\"__2 _202\"></span>alue </span>basis;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _212\"></span><span class=\"wsee_2\">For<span class=\"__2 _200\"></span>eign e<span class=\"__2 _200\"></span>xchange r<span class=\"__2 _202\"></span>etranslations for as<span class=\"__2 _200\"></span>sets denominated in for<span class=\"__2 _200\"></span>eign currencies and other mo<span class=\"__2 _202\"></span>vements; </span>and<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"wsfe_2\">Financial assets der<span class=\"__2 _200\"></span>ecognised during the period and write-offs of allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es relat<span class=\"__2 _200\"></span>ed to assets </span>that w<span class=\"__2 _200\"></span>ere writt<span class=\"__2 _200\"></span>en off during the period<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w summarises the Group's mo<span class=\"__2 _202\"></span>vements and the balances of los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances for loans to cus<span class=\"__2 _200\"></span>tomers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 20<span class=\"__2 _200\"></span>23:<span class=\"__2 _25f\"> </span>Stage 1 Stage 2 Stage 3 EUR \u2019000<span class=\"__2 _25f\"> </span>12-month Lifetime Lifetime T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span>ECL<span class=\"__2 _25f\"> </span>ECL<span class=\"__2 _25f\"> </span>ECL<span class=\"__2 _25f\"> </span>GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span>As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span>46<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>23<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>35,61<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>939<span class=\"__2 _25f\"> </span>61<span class=\"__2 _203\"></span>9,79<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>Transfers in between stages:<span class=\"__2 _25f\"> </span>Transfers out of Stage 1<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>20,08<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>28,906<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Transfers out of Stage 2<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>,17<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span>(1<span class=\"__2 _200\"></span>2,86<span class=\"__2 _200\"></span>1)<span class=\"__2 _25f\"> </span>9,69<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span>(<span class=\"__2 _201\"></span>45,<span class=\"__2 _203\"></span>821)<span class=\"__2 _25f\"> </span>7,<span class=\"__2 _a0_2\"> </span>2<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>5<span class=\"__2 _25f\"> </span>38<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>96<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Other changes in gross loans to customers<span class=\"__2 _25f\"> </span>New loans originated during the year<span class=\"__2 _25f\"> </span>777<span class=\"__2 _201\"></span>,408<span class=\"__2 _25f\"> </span>4<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>59<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span>65<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>94<span class=\"__2 _25f\"> </span>8<span class=\"__2 _203\"></span>83<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>292<span class=\"__2 _25f\"> </span>Loans derecognised during the year<span class=\"__2 _25f\"> </span>(6<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>(39,110<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>01<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>7)<span class=\"__2 _25f\"> </span>(8<span class=\"__2 _205\"></span>03<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span>Write-offs<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>Changes in forex and other movements<span class=\"__2 _25f\"> </span>(50<span class=\"__2 _203\"></span>5)<span class=\"__2 _25f\"> </span>(5<span class=\"__2 _203\"></span>7)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>176<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>39)<span class=\"__2 _25f\"> </span>Net changes in gross loans to customers<span class=\"__2 _25f\"> </span>6<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span>8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>47<span class=\"__2 _25f\"> </span>(5,821)<span class=\"__2 _25f\"> </span>70,<span class=\"__2 _205\"></span>82<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span>Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span>532<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>23<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>4<span class=\"__2 _203\"></span>4,<span class=\"__2 _205\"></span>26<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>11<span class=\"__2 _200\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _200\"></span>119<span class=\"__2 _25f\"> </span>690,61<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span>LOSS ALLOWANCES<span class=\"__2 _25f\"> </span>Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span>2<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,024<span class=\"__2 _25f\"> </span>74<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>9<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>12<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span>Transfers in between stages:<span class=\"__2 _25f\"> </span>Transfers out of Stage 1<span class=\"__2 _25f\"> </span>(3,<span class=\"__2 _203\"></span>275)<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>92<span class=\"__2 _25f\"> </span>1,983<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>5<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span>13,<span class=\"__2 _203\"></span>675<span class=\"__2 _25f\"> </span>18<span class=\"__2 _205\"></span>,76<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>Transfers out of Stage 2<span class=\"__2 _25f\"> </span>85<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>(3<span class=\"__2 _203\"></span>,8<span class=\"__2 _203\"></span>37)<span class=\"__2 _25f\"> </span>2,984<span class=\"__2 _25f\"> </span>(0)<span class=\"__2 _25f\"> </span>Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span>(55<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>2,<span class=\"__2 _203\"></span>957<span class=\"__2 _25f\"> </span>2,405<span class=\"__2 _25f\"> </span>Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span>4<span class=\"__2 _203\"></span>48<span class=\"__2 _25f\"> </span>36<span class=\"__2 _25f\"> </span>9,<span class=\"__2 _203\"></span>492<span class=\"__2 _25f\"> </span>9,<span class=\"__2 _205\"></span>976<span class=\"__2 _25f\"> </span>Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>52<span class=\"__2 _203\"></span>5)<span class=\"__2 _25f\"> </span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>80<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,09<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,14<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span>Other changes in loss allowances:<span class=\"__2 _25f\"> </span>New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span>4<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>413<span class=\"__2 _25f\"> </span>13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>96<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>47<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span>89,1<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span>Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span>(3<span class=\"__2 _200\"></span>8,82<span class=\"__2 _200\"></span>2<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span>(6<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>(114<span class=\"__2 _200\"></span>,8<span class=\"__2 _200\"></span>79<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span>Write-offs<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>Remeasurements from changes in model<span class=\"__2 _25f\"> </span>9<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span>22<span class=\"__2 _25f\"> </span>4,<span class=\"__2 _203\"></span>09<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>5,02<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span>Unwind of discount<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>46<span class=\"__2 _25f\"> </span>46<span class=\"__2 _25f\"> </span>Changes in forex and other movements<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>17<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span>Net changes in loss allowances<span class=\"__2 _25f\"> </span>3,94<span class=\"__2 _200\"></span>5<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>33<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>949<span class=\"__2 _25f\"> </span>Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span>31<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span>14,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>61<span class=\"__2 _25f\"> </span>69,025<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>14<span class=\"__2 _203\"></span>,66<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span>Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>5.<span class=\"__2 _203\"></span>88%<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4%<span class=\"__2 _25f\"> </span>60.49%<span class=\"__2 _25f\"> </span><span class=\"ls12_2 ws58_2\">16<span class=\"__2 _203\"></span>.60<span class=\"__2 _25f\"> </span></span>The table belo<span class=\"__2 _200\"></span>w summarises the Group's mo<span class=\"__2 _202\"></span>vements and the balances of los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances for loans to cus<span class=\"__2 _200\"></span>tomers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 20<span class=\"__2 _200\"></span>22:<span class=\"__2 _25f\"> </span><table class=\"s_1 w22d h7e\" id=\"_655564ac-0595-4e10-9f99-dfb5cb719d99\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 ybb0 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x36d ha_2 ybb0 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x36e ha_2 ybb0 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 3 </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 ybb1 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x370 ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x306 ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x371 ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 ybb3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x373 ha_2 ybb3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x374 ha_2 ybb3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ybb4 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e ybb5 w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x375 ybb5 w22f h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">3<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x376 ybb5 w230 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">29,623<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x377 ybb5 w231 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">149<span class=\"__2 _203\"></span>,637<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x378 ybb5 w232 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">573,708<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybb6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybb7 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c ybb8 w233 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _203\"></span>7,<span class=\"__2 _205\"></span>74<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x379 ybb8 w234 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">14,126<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37a ybb8 w235 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>18<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37b ybb8 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybb9 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c ybba w236 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,029<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37d ybba w237 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37e ybba w238 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37f ybba w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ybbb ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x380 ybbc w239 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x381 ybbc w23a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls67_2 ws19f_1\">2,486<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x382 ybbc w23b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls68_2 ws3a_2\">42,<span class=\"__2 _203\"></span>228<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x383 ybbc w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybbd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybbe ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c ybbf w23c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">73<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x384 ybbf w23d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">36,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>81<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x385 ybbf w23e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>25<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x386 ybbf w23f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">8<span class=\"__2 _205\"></span>41<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>40<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybc0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x356 ybc1 w240 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x387 ybc1 w241 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">(32,<span class=\"__2 _203\"></span>294<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x388 ybc1 w242 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x389 ybc1 w243 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(769,2<span class=\"__2 _203\"></span>95)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybc2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ybc3 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38b ybc3 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38c ybc3 w244 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>15<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>06)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38d ybc3 w245 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5,0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybc4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ybc5 w246 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>65<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38e ybc5 w247 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38f ybc5 w248 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>81)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x390 ybc5 w249 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(11<span class=\"__2 _203\"></span>,01<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybc6 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x391 ybc7 w24a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">69,791<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x392 ybc7 w24b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">5,<span class=\"__2 _203\"></span>993<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x393 ybc7 w24c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">(29,69<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x394 ybc7 w24d h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">46,<span class=\"__2 _200\"></span>087<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ybc8 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x395 ybc9 w24e h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">464,<span class=\"__2 _203\"></span>238<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x396 ybc9 w24f h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">35,617<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x397 ybc9 w250 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">1<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>939<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x398 ybc9 w251 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>,794<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ybca ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybcb ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x399 ybcc w252 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">2<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>74<span class=\"__2 _205\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39a ybcc w253 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">8,806<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39b ybcc w254 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">92<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>595<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39c ybcc w1e2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>24<span class=\"__2 _203\"></span>,14<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybcd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybce ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ybcf w255 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>49)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39d ybcf w256 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">8<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39e ybcf w257 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>52<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39f ybcf w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ybd1 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a0 ybd1 w258 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a1 ybd1 w259 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">14,0<span class=\"__2 _203\"></span>69<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a2 ybd1 w25a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">1<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 ybd3 w25b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">795<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a4 ybd3 w25c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(3,43<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a5 ybd3 w25d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>63<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a6 ybd3 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c ybd5 w236 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(5<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a7 ybd5 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a8 ybd5 w258 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a9 ybd5 w25e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 ybd7 w25f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">777<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3aa ybd7 w178_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">65<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ab ybd7 w260 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ac ybd7 w261 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ybd8 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ybd9 w262 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>317<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ae ybd9 w263 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>43<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3af ybd9 w264 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls67_2 ws19f_1\">29,480<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b0 ybd9 w265 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">28<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybda ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybdb ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ybdc w266 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">46,663<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b1 ybdc w267 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>80<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b2 ybdc w268 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">34,<span class=\"__2 _203\"></span>539<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b3 ybdc w269 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">93<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybdd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c ybde w26a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(39,136)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b4 ybde w26b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>976<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b5 ybde w26c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">(<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b6 ybde w26d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(<span class=\"__2 _203\"></span>11<span class=\"__2 _203\"></span>6,78<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybdf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yba4 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38b yba4 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38c yba4 w244 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>15<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>06)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38d yba4 w245 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5,0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybe0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3b7 yba6 w26e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">(1<span class=\"__2 _203\"></span>53)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b8 yba6 w26f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(28<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b9 yba6 w270 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>78<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ba yba6 w271 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">239<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybe1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38b yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3bb yba8 w272 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">48<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3bc yba8 w272 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">48<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybe2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd ybaa w273 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3be ybaa w274 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>69)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3bf ybaa w275 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _212\"></span>74<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c0 ybaa w276 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">(1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>373)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybe3 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ybac w277 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _205\"></span>592<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c2 ybac w278 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>21<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c3 ybac w279 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">(18,236<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c4 ybac w27a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(<span class=\"__2 _203\"></span>11<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>426)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ybe4 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c5 ybae w27b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">2<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c6 ybae w27c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">11<span class=\"__2 _203\"></span>,024<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c7 ybae w27d h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">7<span class=\"__2 _200\"></span>4<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c8 ybae w27e h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">112<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>19<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c9 ybaf w27f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">5.<span class=\"__2 _203\"></span>89%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ca ybaf w280 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">30.<span class=\"__2 _203\"></span>95%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3cb ybaf w281 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">62<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3cc ybaf w282 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr></table>T<span class=\"__2 _201\"></span>ransf<span class=\"__2 _200\"></span>ers out of Stage 1 are driv<span class=\"__2 _200\"></span>en b<span class=\"__2 _200\"></span>y the underlying gross loans t<span class=\"__2 _200\"></span>o customers t<span class=\"__2 _200\"></span>o hav<span class=\"__2 _202\"></span>e a significant increase in cr<span class=\"__2 _200\"></span>edit risks sinc<span class=\"__2 _200\"></span>e initial recognition (S<span class=\"__2 _200\"></span>tage 2) or become credit-impair<span class=\"__2 _202\"></span>ed (Stage 3), whereas tr<span class=\"__2 _202\"></span>ansfers out of Stages 2 or 3 result fr<span class=\"__2 _200\"></span>om the underlying gros<span class=\"__2 _200\"></span>s loans to cust<span class=\"__2 _200\"></span>omers no longer meeting said definitions. T<span class=\"__2 _201\"></span>ransf<span class=\"__2 _200\"></span>ers in between Stages or changes within DPD buck<span class=\"__2 _200\"></span>et that do not neces<span class=\"__2 _200\"></span>sarily impact ECL stages could also r<span class=\"__2 _200\"></span>esult in an increase (<span class=\"__2 _200\"></span>decr<span class=\"__2 _200\"></span>ease) in los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances during the y<span class=\"__2 _200\"></span>ear<span class=\"__2 _201\"></span>. Remeasur<span class=\"__2 _200\"></span>ements from changes in the ECL model, inputs and assumptions ar<span class=\"__2 _202\"></span>e mainly driven b<span class=\"__2 _200\"></span>y updating the calculations, sta<span class=\"__2 _200\"></span>tistics and modelling paramet<span class=\"__2 _200\"></span>ers rela<span class=\"__2 _200\"></span>ting to EAD<span class=\"__2 _200\"></span>, PD<span class=\"__2 _200\"></span>, L<span class=\"__2 _202\"></span>GD, and EIR based on the most r<span class=\"__2 _200\"></span>ecent a<span class=\"__2 _200\"></span>vailable informa<span class=\"__2 _200\"></span>tion at the reporting dat<span class=\"__2 _200\"></span>e. The un<span class=\"__2 _200\"></span>wind of discount is driv<span class=\"__2 _200\"></span>en by the amortisation of the ECL's pr<span class=\"__2 _200\"></span>esent v<span class=\"__2 _200\"></span>alue for long-outstanding loans to c<span class=\"__2 _200\"></span>ustomers<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2023 f<span class=\"__2 _200\"></span>or the Ferr<span class=\"__2 _200\"></span>atum business unit:<span class=\"__2 _25f\"> </span>Stage 1 Stage 2 Stage 3 EUR \u2019000<span class=\"__2 _25f\"> </span>12-month Lifetime Lifetime T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span>ECL<span class=\"__2 _25f\"> </span>ECL<span class=\"__2 _25f\"> </span>ECL<span class=\"__2 _25f\"> </span>GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span>As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span>269,<span class=\"__2 _203\"></span>856<span class=\"__2 _25f\"> </span>26<span class=\"__2 _203\"></span>,602<span class=\"__2 _25f\"> </span>85,698<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,15<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>Transfers in between stages:<span class=\"__2 _25f\"> </span>Transfers out of Stage 1<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>970<span class=\"__2 _25f\"> </span>13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>51<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Transfers out of Stage 2<span class=\"__2 _25f\"> </span>2,429<span class=\"__2 _25f\"> </span>(<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>3<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>5<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>04<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span>(24<span class=\"__2 _203\"></span>,055<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>537<span class=\"__2 _25f\"> </span>18,<span class=\"__2 _203\"></span>518<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Other changes in gross loans to customers<span class=\"__2 _25f\"> </span>New loans originated during the year<span class=\"__2 _25f\"> </span>593<span class=\"__2 _203\"></span>,759<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>297<span class=\"__2 _25f\"> </span>55<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>6<span class=\"__2 _203\"></span>84<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>95<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span>Loans derecognised during the year<span class=\"__2 _25f\"> </span>(51<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>36<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>(3<span class=\"__2 _203\"></span>4,071)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span>(6<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>Write-offs<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(5,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span>(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span>Changes in forex and other movements<span class=\"__2 _25f\"> </span>(56<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span>(59)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>(8<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span>Net changes in gross loans to customers<span class=\"__2 _25f\"> </span>50,405<span class=\"__2 _25f\"> </span>6<span class=\"__2 _203\"></span>,70<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>(<span class=\"__2 _a0_2\"> </span>1<span class=\"__2 _203\"></span>7,<span class=\"__2 _a0_2\"> </span>2<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>9,9<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span>320,<span class=\"__2 _205\"></span>26<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span>33,30<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>68,49<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span>422<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>LOSS ALLOWANCES<span class=\"__2 _25f\"> </span>Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span>19,<span class=\"__2 _203\"></span>969<span class=\"__2 _25f\"> </span>8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>417<span class=\"__2 _25f\"> </span>56<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span>Transfers in between stages:<span class=\"__2 _25f\"> </span>Transfers out of Stage 1<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>41)<span class=\"__2 _25f\"> </span>9<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span>6,<span class=\"__2 _203\"></span>36<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span>9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>527<span class=\"__2 _25f\"> </span>Transfers out of Stage 2<span class=\"__2 _25f\"> </span>639<span class=\"__2 _25f\"> </span>(2,145)<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>50<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _203\"></span>1<span class=\"__2 _212\"></span>5<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>1,<span class=\"__2 _200\"></span>7<span class=\"__2 _201\"></span>44<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>329<span class=\"__2 _25f\"> </span>Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span>77<span class=\"__2 _25f\"> </span>28<span class=\"__2 _25f\"> </span>5<span class=\"__2 _203\"></span>,41<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>15<span class=\"__2 _25f\"> </span>Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span>(1<span class=\"__2 _203\"></span>,739)<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>98<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>21<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>372<span class=\"__2 _25f\"> </span>Other changes in loss allowances:<span class=\"__2 _25f\"> </span>New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>978<span class=\"__2 _25f\"> </span>11<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>37<span class=\"__2 _25f\"> </span>2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,78<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>75,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>02<span class=\"__2 _25f\"> </span>Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>29)<span class=\"__2 _25f\"> </span>(56,<span class=\"__2 _200\"></span>006)<span class=\"__2 _25f\"> </span>(99,105)<span class=\"__2 _25f\"> </span>Write-offs<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(5,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span>(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span>Remeasurements from changes in model<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>9<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>18<span class=\"__2 _25f\"> </span>3,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span>Unwind of discount<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>462<span class=\"__2 _25f\"> </span>4<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span>Changes in forex and other movements<span class=\"__2 _25f\"> </span>(3<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>13<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>Net changes in loss allowances<span class=\"__2 _25f\"> </span>3<span class=\"__2 _203\"></span>,149<span class=\"__2 _25f\"> </span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span>(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>24)<span class=\"__2 _25f\"> </span>Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span>2<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,117<span class=\"__2 _25f\"> </span>1<span class=\"__2 _212\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>74<span class=\"__2 _25f\"> </span>41<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>027<span class=\"__2 _25f\"> </span>74<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span>Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>7.<span class=\"__2 _212\"> </span>2<span class=\"__2 _212\"></span>2<span class=\"__2 _212\"></span>%<span class=\"__2 _25f\"> </span>32<span class=\"__2 _203\"></span>.05%<span class=\"__2 _25f\"> </span>59.9<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span><span class=\"ls6e_1 ws1a8_1\"><span class=\"ls64_2 ws19d_1\"><span class=\"ls4e_2 ws185_1\"><span class=\"ls65_2 ws53_2\">17<span class=\"__2 _202\"></span>.73<span class=\"__2 _25f\"> </span></span></span></span></span>The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2022 f<span class=\"__2 _200\"></span>or the Ferr<span class=\"__2 _200\"></span>atum business unit:<span class=\"__2 _25f\"> </span><table class=\"s_1 w2d7 h7f\" id=\"_25aa6cfd-47a3-4225-8246-300152e77bfa\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 yc18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x3cd ha_2 yc18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x306 ha_2 yc18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yc19 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x305 ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x309 ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 yc1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3cf ha_2 yc1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30d ha_2 yc1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc1c ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yc1d w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x423 yc1d w2d8 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">2<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x424 yc1d w2d9 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">24<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>35<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x425 yc1d w2da h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">1<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x426 yc1d w2db h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">380,516<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc1e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc1f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x31d yc20 w2dc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(26<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>03<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x427 yc20 w2dd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">9,7<span class=\"__2 _203\"></span>19<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x428 yc20 w2de h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x429 yc20 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc21 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x418 yc22 w2df h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">2,752<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42a yc22 w2e0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>57<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42b yc22 w2e1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>82<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42c yc22 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc23 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc24 w2e2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(23<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>651)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42d yc24 w2e3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>,14<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42e yc24 w2e4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">2<span class=\"__2 _203\"></span>2,<span class=\"__2 _203\"></span>505<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42f yc24 w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc25 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc26 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc27 w2e5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">5<span class=\"__2 _203\"></span>48<span class=\"__2 _205\"></span>,736<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x430 yc27 w2e6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">30,<span class=\"__2 _203\"></span>91<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x431 yc27 w2e7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>6,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x432 yc27 w2e8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">6<span class=\"__2 _203\"></span>35<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>975<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc28 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x433 yc29 w2e9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws1a9_1\">(4<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x434 yc29 w2ea h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(2<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x435 yc29 w2eb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x436 yc29 w2ec h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc2a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc2b w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc2b w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x438 yc2b w222 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x439 yc2b w2ed h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc2c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc2d w2ee h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43a yc2d w13f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(576)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43b yc2d w2ef h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43c yc2d w2f0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">(<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc2e ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc2f w2f1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">32<span class=\"__2 _205\"></span>,170<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43d yc2f w2f2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">1<span class=\"__2 _203\"></span>,767<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43e yc2f w2f3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">(32<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>297)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43f yc2f w2f4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,6<span class=\"__2 _203\"></span>40<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc30 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc31 w2f5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">269,<span class=\"__2 _203\"></span>856<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x440 yc31 w285 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">26<span class=\"__2 _203\"></span>,602<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x441 yc31 w286 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">85,698<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x442 yc31 w2f6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">38<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>56<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc32 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc33 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc34 w2f7 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">17<span class=\"__2 _201\"></span>,737<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x443 yc34 w2f8 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">7,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x444 yc34 w2f9 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">7<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x445 yc34 w2fa h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>40<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc35 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc36 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc37 w2fb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x446 yc37 w2fc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>56<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x447 yc37 w2fd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x448 yc37 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc38 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc39 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x449 yc39 w2fe h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>28<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44a yc39 w2ff h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,6<span class=\"__2 _203\"></span>50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44b yc39 w300 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">8<span class=\"__2 _205\"></span>,93<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc3a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 yc3b w301 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">73<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44c yc3b w302 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2,<span class=\"__2 _203\"></span>67<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44d yc3b w19d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">1,<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44e yc3b w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc3c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc3d w303 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44f yc3d w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x450 yc3d w304 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,750<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x451 yc3d w305 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc3e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yc3f w306 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x453 yc3f w307 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x454 yc3f w308 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">6,1<span class=\"__2 _203\"></span>21<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x455 yc3f w309 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>59<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc40 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc41 w30a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>89)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x456 yc41 w83_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">277<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x457 yc41 w30b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,193<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x458 yc41 w30c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">16,<span class=\"__2 _200\"></span>780<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc42 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc43 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc44 w30d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">36,<span class=\"__2 _200\"></span>199<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x459 yc44 w30e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">10,109<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45a yc44 w30f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">28,<span class=\"__2 _203\"></span>999<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45b yc44 w310 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">75<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc45 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc46 w311 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">(31<span class=\"__2 _200\"></span>,44<span class=\"__2 _202\"></span>7)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45c yc46 w312 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">(9,<span class=\"__2 _200\"></span>111)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45d yc46 w313 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _202\"></span>49,8<span class=\"__2 _203\"></span>55)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45e yc46 w314 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _205\"></span>0,<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc47 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc48 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc48 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x438 yc48 w222 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x439 yc48 w2ed h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc49 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc4a w315 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>9<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45f yc4a w316 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x460 yc4a w317 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">48<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x461 yc4a w318 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc4b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc4c w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc4c w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x462 yc4c w319 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">649<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x463 yc4c w31a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc4d ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc4e w31b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(372)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x464 yc4e w31c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">(137<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x465 yc4e w31d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(3<span class=\"__2 _205\"></span>49)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x466 yc4e w31e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc4f ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc50 w31f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>32<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x467 yc50 w320 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">8<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x468 yc50 w321 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">(<span class=\"__2 _212\"> </span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x469 yc50 w322 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls63_2 ws19c_1\">(13,99<span class=\"__2 _200\"></span>7)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc51 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc17 w2a6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">19,<span class=\"__2 _203\"></span>969<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f3 yc17 w2a7 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>417<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46a yc17 w323 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">5<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46b yc17 w2a8 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>4,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46c ybaf w324 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6e_1 ws1a8_1\">7.<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span>%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46d ybaf w325 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46e ybaf w326 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">65<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46f ybaf w325 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">2<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2023 f<span class=\"__2 _200\"></span>or the SweepBank busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span><table class=\"s_1 w327 h80\" id=\"_99bcc23b-ebd6-4fa9-8673-c8bdb1ccec0c\"><tr><td></td><td class=\"t_2 m0_2 x470 ha_2 yc52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x370 ha_2 yc52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x36e ha_2 yc52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 3 </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yc53 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x471 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x472 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x306 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x371 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x473 ha_2 yc55 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x474 ha_2 yc55 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x374 ha_2 yc55 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc56 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yc57 w1d3 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x475 yc57 w328 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">111,<span class=\"__2 _203\"></span>4<span class=\"__2 _200\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x476 yc57 w329 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>83<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x477 yc57 w32a h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">19<span class=\"__2 _203\"></span>,9<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x478 yc57 w1f2 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">137<span class=\"__2 _202\"></span>,162<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc59 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c yc5a w32b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">(<span class=\"__2 _203\"></span>13,<span class=\"__2 _203\"></span>615<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x479 yc5a w32c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>55<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47a yc5a w32d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">9,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47b yc5a w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc5b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 yc5c w32e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">50<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47c yc5c w32f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>42)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47d yc5c w330 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>41<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47e yc5c w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc5d ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x330 yc5e w331 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5a_2 ws192_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47f yc5e w332 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,013<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x480 yc5e w333 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x481 yc5e w161_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc5f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc60 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc61 w334 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">70,<span class=\"__2 _205\"></span>570<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x482 yc61 w335 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>632<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x483 yc61 w336 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5,<span class=\"__2 _205\"></span>28<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x484 yc61 w337 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">78<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc62 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x485 yc63 w338 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(5<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _212\"></span>2<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x486 yc63 w128_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x487 yc63 w339 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">(<span class=\"__2 _212\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x488 yc63 w33a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc64 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc65 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48a yc65 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48b yc65 w33b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48c yc65 w33c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc66 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x48d yc67 w33d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48e yc67 w33e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48f yc67 w33f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x490 yc67 w340 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc68 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc69 w341 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x491 yc69 w342 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x492 yc69 w343 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>411<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x493 yc69 w344 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,65<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc6a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x330 yc6b w345 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">11<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>670<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x494 yc6b w346 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">6,<span class=\"__2 _203\"></span>821<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x495 yc6b w347 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">29,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x496 yc6b w348 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">149,8<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc6c ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc6d ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x32c yc6e w349 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">4,06<span class=\"__2 _200\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x497 yc6e w34a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>33<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x498 yc6e w34b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">9,<span class=\"__2 _203\"></span>598<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x499 yc6e w34c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,9<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc6f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc70 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yc71 w34d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(<span class=\"__2 _203\"></span>702)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49a yc71 w34e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">191<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49b yc71 w34f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">51<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49c yc71 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc72 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc73 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49d yc73 w350 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49e yc73 w351 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>503<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49f yc73 w352 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc74 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4a0 yc75 w353 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a1 yc75 w354 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _203\"></span>25<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a2 yc75 w355 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">8<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a3 yc75 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc76 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 yc77 w356 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a4 yc77 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a5 yc77 w357 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">93<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a6 yc77 w358 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">872<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc78 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yc79 w359 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a7 yc79 w35a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a8 yc79 w35b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>18<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a9 yc79 w35c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>46<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc7a ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc7b w35d h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4aa yc7b w35e h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">614<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ab yc7b w35f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">9<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>74<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ac yc7b w360 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>0,1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc7c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:</td><td></td><td></td><td></td><td class=\"t_2 m0_2 x4ad hb_2 yc7d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\"> <span class=\"__2 _215\"> </span>-   </td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc7e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc7f w361 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>04<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ae yc7f w362 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4af yc7f w363 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">2<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b0 yc7f w364 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>53<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc80 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yc81 w44_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>47<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b1 yc81 w365 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b2 yc81 w366 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b3 yc81 w367 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc82 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc83 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48a yc83 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48b yc83 w33b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48c yc83 w33c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc84 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc85 w368 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">1,<span class=\"__2 _203\"></span>452<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b4 yc85 w369 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">43<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b5 yc85 w36a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b6 yc85 w36b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc86 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc87 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48a yc87 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b7 yc87 w36c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(24<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b8 yc87 w36d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(24<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc88 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yc89 w36e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ba yc89 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bb yc89 w36f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bc yc89 w36f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc8a ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc8b w370 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6f_1 ws1aa_1\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>079<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bd yc8b w371 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">82<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4be yc8b w35f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">8,80<span class=\"__2 _200\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bf yc8b w372 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">1<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>70<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc8c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3b7 yc8d w373 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">5<span class=\"__2 _203\"></span>,141<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c0 yc8d w374 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">2<span class=\"__2 _205\"></span>,1<span class=\"__2 _203\"></span>61<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c1 yc8d w375 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>00<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c2 yc8d w376 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">2<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,702<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c3 ybaf w377 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">4.<span class=\"__2 _203\"></span>52%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c4 ybaf w2d9 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">31<span class=\"__2 _203\"></span>.69%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c5 ybaf w378 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">6<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.75%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c6 ybaf w379 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">17<span class=\"__2 _202\"></span>.1<span class=\"__2 _203\"></span>6%<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2022 f<span class=\"__2 _200\"></span>or the SweepBank busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span><table class=\"s_1 w37a h81\" id=\"_456b5a79-fff2-4ac2-9009-5d9a9672a6c7\"><tr><td></td><td class=\"t_2 m0_2 x470 ha_2 yc8e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x370 ha_2 yc8e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x4c7 ha_2 yc8e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yc8f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x471 ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x472 ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x4c8 ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x473 ha_2 yc91 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x474 ha_2 yc91 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x4c9 ha_2 yc91 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc92 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yc93 w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ca yc93 w37b h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls70_1 ws1ab_1\">80,666<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cb yc93 w37c h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">2<span class=\"__2 _203\"></span>,11<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cc yc93 w37d h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>49<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cd yc93 w37e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">95<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>270<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc94 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc95 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c yc96 w37f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>12,143)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ce yc96 w193 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">2,<span class=\"__2 _203\"></span>829<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cf yc96 w380 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">9,3<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d0 yc96 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc97 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yc98 w381 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d1 yc98 w382 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>,7<span class=\"__2 _205\"></span>70)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d2 yc98 w383 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>521<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d3 yc98 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc99 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc9a w384 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">(11,8<span class=\"__2 _200\"></span>95<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d4 yc9a w13f_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,05<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d5 yc9a w385 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>,8<span class=\"__2 _203\"></span>36<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d6 yc9a w161_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc9b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc9c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc9d w386 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>4,<span class=\"__2 _205\"></span>27<span class=\"__2 _202\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d7 yc9d w387 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d8 yc9d w388 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">6,804<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d9 yc9d w389 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">94<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>65<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc9e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x334 yc9f w38a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>0<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4da yc9f w2ad h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(383)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4db yc9f w38b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dc yc9f w38c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls70_1 ws1ab_1\">(<span class=\"__2 _200\"></span>50,936)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yca0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yca1 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dd yca1 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4de yca1 w1ee h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4df yca1 w1ee h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yca2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yca3 w38d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e0 yca3 w38e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e1 yca3 w38f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e2 yca3 w390 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yca4 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yca5 w391 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">3<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>74<span class=\"__2 _205\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e3 yca5 w392 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,72<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e4 yca5 w393 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">7,<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e5 yca5 w394 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">41,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yca6 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yca7 w395 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">111,<span class=\"__2 _203\"></span>4<span class=\"__2 _200\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e6 yca7 w396 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>83<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e7 yca7 w32a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>912<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e8 yca7 w1f2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">137<span class=\"__2 _202\"></span>,162<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yca8 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yca9 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c ycaa w397 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">3<span class=\"__2 _203\"></span>,103<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e9 ycaa w398 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">436<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ea ycaa w399 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">6,<span class=\"__2 _203\"></span>334<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4eb ycaa w39a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>872<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycab ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycac ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yb93 w39b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">(5<span class=\"__2 _203\"></span>62)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ec yb93 w39c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ed yb93 w39d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>54<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ee yb93 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycad ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yb95 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ef yb95 w39e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">58<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f0 yb95 w39f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>817<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f1 yb95 w3a0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>402<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycae ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x402 yb97 w3a1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">51<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f2 yb97 w316 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f3 yb97 w3a2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>13<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f4 yb97 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycaf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34b yb99 w3a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(36)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f5 yb99 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f6 yb99 w6c_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">4<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f7 yb99 w3a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">460<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4f8 yb9b w3a5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">176<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f9 yb9b w307 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fa yb9b w3a6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">85<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fb yb9b w3a7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _203\"></span>04<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycb1 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yb9d w3a8 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls58_2 ws190_1\">(37<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fc yb9d w20_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">33<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fd yb9d w3a9 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>939<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fe yb9d w3aa h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>903<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycb2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb3 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yba0 w3ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ff yba0 w3ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x500 yba0 w3ad h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x501 yba0 w3ae h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>26<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yba2 w3af h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x502 yba2 w3b0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(242)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x503 yba2 w3b1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x504 yba2 w3b2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb5 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yba4 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dd yba4 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4de yba4 w1ee h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4df yba4 w1ee h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 yba6 w3b3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>5)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x505 yba6 w3b4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x506 yba6 w3a1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">51<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x507 yba6 w3b5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb7 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dd yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x508 yba8 w3b6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(1<span class=\"__2 _203\"></span>85)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x509 yba8 w3b7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>185)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 ybaa w3b8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(27<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50a ybaa w3b9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50b ybaa w3ba h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>120<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50c ybaa wf6_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">(<span class=\"__2 _203\"></span>156)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ycb9 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 ybac w3bb h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">959<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50d ybac w3bc h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50e ybac w3bd h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>65<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50f ybac w3be h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">5<span class=\"__2 _203\"></span>,12<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ycba ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x32c ybae w349 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">4,06<span class=\"__2 _200\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x497 ybae w34a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>33<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x510 ybae w3bf h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">9,<span class=\"__2 _203\"></span>59<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x511 ybae w3c0 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>997<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x512 ybaf w3c1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">3<span class=\"__2 _203\"></span>.65%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x513 ybaf w3c2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls68_2 ws3a_2\">22<span class=\"__2 _203\"></span>.89%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x514 ybaf w3c3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">4<span class=\"__2 _203\"></span>8.<span class=\"__2 _203\"></span>20%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x515 ybaf w3c4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">1<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2023 f<span class=\"__2 _200\"></span>or the Capital Box busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span><table class=\"s_1 w3c5 h82\" id=\"_a0da36c1-bde7-4402-ae00-eef4f9a078b8\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 ycbb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x3cd ha_2 ycbb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x306 ha_2 ycbb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 ycbc ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x305 ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x309 ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 ycbe ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3cf ha_2 ycbe ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30d ha_2 ycbe ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ycbf ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e ycc0 w1d3 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x516 ycc0 w3c6 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">82<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>970<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x517 ycc0 w3c7 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">3<span class=\"__2 _203\"></span>,177<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x518 ycc0 w3c8 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">14,<span class=\"__2 _205\"></span>329<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x519 ycc0 w3c9 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">1<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>476<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycc1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycc2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ycc3 w3ca h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(<span class=\"__2 _200\"></span>8,89<span class=\"__2 _202\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51a ycc3 w3cb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>662<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51b ycc3 w390 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _205\"></span>232<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51c ycc3 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycc4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 ycc5 w3cc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">242<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51d ycc5 w3cd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">(1,986)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51e ycc5 w2b1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">1,<span class=\"__2 _200\"></span>7<span class=\"__2 _201\"></span>44<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51f ycc5 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycc6 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycc7 w3ce h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(8<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>51)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x520 ycc7 w3cf h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">675<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x521 ycc7 w3d0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">7,<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>7<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x522 ycc7 w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycc8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycc9 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycca w3d1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>07<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x523 ycca w3d2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x524 ycca w3d3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">4<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x525 ycca w3d4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>19,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yccb ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yccc w3d5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(89,140<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x526 yccc w3d6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x527 yccc w3d7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x528 yccc w3d8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(9<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yccd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 ycce w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 ycce w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x529 ycce w254 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52a ycce w3d9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yccf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x402 ycd0 w3da h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">45<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52b ycd0 w36e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52c ycd0 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52d ycd0 w21c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ycd1 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 ycd2 w3db h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">15,<span class=\"__2 _203\"></span>333<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52e ycd2 w3dc h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>61<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52f ycd2 w3dd h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>69<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x530 ycd2 w3de h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">18<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>63<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ycd3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ycd4 w3df h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">9<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>303<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x531 ycd4 w3e0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">4<span class=\"__2 _203\"></span>,137<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x532 ycd4 w3e1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>29<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x533 ycd4 w3e2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">11<span class=\"__2 _203\"></span>8,739<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ycd5 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ycd6 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ycd7 w3e3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,<span class=\"__2 _205\"></span>305<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x534 ycd7 w3e4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>27<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x535 ycd7 w3e5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>70<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x536 ycd7 w3e6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycd8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycd9 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yb93 w3e7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">(5<span class=\"__2 _203\"></span>32)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x537 yb93 w3e8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>54<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x538 yb93 w18a_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">379<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x539 yb93 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycda ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yc01 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53a yc01 w3e9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>89<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53b yc01 w3a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">2,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53c yc01 w3ea h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>392<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycdb ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x53d yb97 w3eb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53e yb97 w365 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(<span class=\"__2 _203\"></span>76<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53f yb97 w3ec h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">67<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x540 yb97 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycdc ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yb99 w3ed h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x541 yb99 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x542 yb99 w3ee h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">278<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x543 yb99 w3ef h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">20<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycdd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x53d yc07 w3f0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x544 yc07 w3f1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x545 yc07 w3f2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>64<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x546 yc07 w3f3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">9<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycde ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc09 w3f4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">(3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x547 yc09 w3f5 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(2<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x548 yc09 w3f6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>99<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x549 yc09 w3f7 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>593<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycdf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54a yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54b yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yba0 w3f8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">4,<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54c yba0 w3f9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">724<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54d yba0 wcd_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54e yba0 w3fa h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yba2 w3fb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54f yba2 w3fc h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">(<span class=\"__2 _201\"></span>444<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x550 yba2 w3fd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">(<span class=\"__2 _201\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>282)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x551 yba2 w3fe h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>07<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce3 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yc0f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yc0f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x529 yc0f w254 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52a yc0f w3d9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x418 yba6 w3ff h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x552 yba6 w400 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x553 yba6 w110_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>32<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x554 yba6 w2b3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">77<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce5 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x555 yba8 w401 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _212\"></span>1<span class=\"__2 _203\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x556 yba8 w34_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 ybaa w402 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x557 ybaa w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x558 ybaa w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x559 ybaa w36e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yce7 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc15 w403 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(28<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55a yc15 w20_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">25<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55b yc15 w404 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">89<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55c yc15 w405 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>68<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yce8 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ybae w406 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55d ybae w34a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>52<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55e ybae w407 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">9,<span class=\"__2 _203\"></span>599<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55f ybae w408 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">14<span class=\"__2 _203\"></span>,148<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x560 ybaf w409 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">3.0<span class=\"__2 _203\"></span>8%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x561 ybaf w40a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">36<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>88%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x562 ybaf w40b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">5<span class=\"__2 _203\"></span>8.<span class=\"__2 _203\"></span>90%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x563 ybaf w40c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">11<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>92%<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2022 f<span class=\"__2 _200\"></span>or the Capital Box busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span><table class=\"s_1 w40d h83\" id=\"_e6a91265-6ca8-4f71-a3da-daa955364202\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 yce9 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x3cd ha_2 yce9 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x306 ha_2 yce9 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 ycea ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x305 ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x309 ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 ycec ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3cf ha_2 ycec ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30d ha_2 ycec ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yced ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e ycee w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x564 ycee w40e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">68<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>269<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x565 ycee w40f h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>675<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x566 ycee w410 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">19<span class=\"__2 _203\"></span>,15<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x567 ycee w411 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>0,09<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycef ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycf0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x568 ycf1 w412 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(9,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x569 ycf1 w413 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>578<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56a ycf1 w414 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>1<span class=\"__2 _212\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56b ycf1 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycf2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x402 ycf3 w2b4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">28<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56c ycf3 w415 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>297<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56d ycf3 w416 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _205\"></span>26<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56e ycf3 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycf4 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycf5 w417 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">(9,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56f ycf5 w418 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">281<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x570 ycf5 w3bf h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls71_1 ws1ac_1\">8,888<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x571 ycf5 w161_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycf6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ycf7 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 ycf7 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x572 ycf7 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycf8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ycf9 w419 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">10<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x573 ycf9 w41a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>56<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x574 ycf9 w41b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>11<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x575 ycf9 w41c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>2,<span class=\"__2 _203\"></span>49<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycfa ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f ycfb w41d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(79,<span class=\"__2 _203\"></span>021)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x576 ycfb w41e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>81<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x577 ycfb w41f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9,094)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x578 ycfb w420 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>00<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>396)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycfc ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ycfd w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 ycfd w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x579 ycfd w421 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57a ycfd w421 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycfe ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycff w422 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,8<span class=\"__2 _200\"></span>27<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57b ycff w423 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57c ycff w424 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(3<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57d ycff w425 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">(<span class=\"__2 _200\"></span>2,<span class=\"__2 _203\"></span>291)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yd00 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yd01 w426 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">14<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>701<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57e yd01 w427 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">502<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57f yd01 w428 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x580 yd01 w429 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">10<span class=\"__2 _200\"></span>,<span class=\"__2 _203\"></span>380<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yd02 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yd03 w42a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">82<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>970<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x581 yd03 w42b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">3<span class=\"__2 _203\"></span>,177<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x582 yd03 w42c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">14,<span class=\"__2 _205\"></span>329<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x583 yd03 w42d h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">1<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>476<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yd04 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yd05 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yb90 w42e h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,9<span class=\"__2 _203\"></span>05<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x584 yb90 w42f h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>00<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x585 yb90 w430 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>3,1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x586 yb90 w1d5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">15<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>833<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yd06 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd07 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yb93 w431 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>39<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x587 yb93 w432 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x588 yb93 w433 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x589 yb93 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd08 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc01 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58a yc01 w434 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58b yc01 w435 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>601<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58c yc01 w436 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">4,1<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd09 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yb97 w437 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58d yb97 w438 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(395)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58e yb97 w439 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58f yb97 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4a0 yb99 w43a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls68_2 ws3a_2\">(7)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x590 yb99 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x591 yb99 w43b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">36<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x592 yb99 w43c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>53<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x53d yc07 w34f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x593 yc07 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x594 yc07 w43d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x595 yc07 w43e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">97<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yd0c ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc09 w43f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(28<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x596 yc09 w440 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">18<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x597 yc09 w441 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x598 yc09 w442 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>47<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yd0d ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yba0 w443 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x599 yba0 wd5_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>85<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59a yba0 w444 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59b yba0 w1b0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>876<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x330 yba2 w445 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">(<span class=\"__2 _202\"></span>6,088<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59c yba2 w446 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">(572)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59d yba2 w447 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">(<span class=\"__2 _203\"></span>12<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>917<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59e yba2 w448 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>57<span class=\"__2 _203\"></span>7)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd10 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc0f w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc0f w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x579 yc0f w421 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57a yc0f w421 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd11 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4a0 yba6 w449 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">33<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59f yba6 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a0 yba6 w44a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">142<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a1 yba6 w44b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">47<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd12 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a2 yba8 w44c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a3 yba8 w44d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd13 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 ybaa w44e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a4 ybaa w44f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a5 ybaa w450 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a6 ybaa w451 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>35<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yd14 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3b7 yc15 w452 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a7 yc15 w453 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">47<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a8 yc15 w454 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a9 yc15 w455 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>55<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yd15 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ybae w3e3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,<span class=\"__2 _205\"></span>305<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x534 ybae w3e4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>27<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x535 ybae w3e5 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>70<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x536 ybae w3e6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c9 ybaf w212 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">3<span class=\"__2 _203\"></span>.98%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5aa ybaf w456 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">40<span class=\"__2 _203\"></span>.01%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ab ybaf w457 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">6<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>.<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ac ybaf w458 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">13<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>2%<span class=\"__2 _25f\"> </span></div></td></tr></table>4.2.8 Modification of financial assets<span class=\"__2 _25f\"> </span>As e<span class=\"__2 _200\"></span>xplained in Note 2.5.<span class=\"__2 _202\"></span>14.3, the Group sometimes modifies the pa<span class=\"__2 _200\"></span>yment terms of cust<span class=\"__2 _200\"></span>omer loans. These modifications can tak<span class=\"__2 _200\"></span>e differ<span class=\"__2 _200\"></span>ent forms and can happen at differ<span class=\"__2 _200\"></span>ent stages during the maturity period of the loan. The modifications included in this section also enc<span class=\"__2 _200\"></span>ompass change in estimat<span class=\"__2 _200\"></span>es of inter<span class=\"__2 _200\"></span>est income due t<span class=\"__2 _200\"></span>o amendments to contr<span class=\"__2 _200\"></span>actual cash flo<span class=\"__2 _200\"></span>w included in original terms and c<span class=\"__2 _200\"></span>onditions. During 2022, the Group upda<span class=\"__2 _200\"></span>ted its policies to r<span class=\"__2 _200\"></span>eflect whether material modifications gr<span class=\"__2 _200\"></span>anted b<span class=\"__2 _200\"></span>y the Bank constitut<span class=\"__2 _200\"></span>e forbearanc<span class=\"__2 _200\"></span>e as defined by EU R<span class=\"__2 _200\"></span>egulation 5<span class=\"__2 _200\"></span>75<span class=\"__2 _200\"></span>/2013 (\u2018CRR2\u2019) and are not c<span class=\"__2 _200\"></span>onsidered t<span class=\"__2 _200\"></span>o be change in estimates.<span class=\"__2 _25f\"> </span>The follo<span class=\"__2 _202\"></span>wing are the most widely used pa<span class=\"__2 _200\"></span>yment term modification clauses incorpor<span class=\"__2 _202\"></span>ated in terms and conditions b<span class=\"__2 _200\"></span>y the Group:<span class=\"__2 _25f\"> </span>I.Rescheduling<span class=\"__2 _25f\"> </span>Rescheduling is applied in short-t<span class=\"__2 _200\"></span>erm credit pr<span class=\"__2 _200\"></span>oducts where the cus<span class=\"__2 _200\"></span>tomer reques<span class=\"__2 _200\"></span>ts an ext<span class=\"__2 _200\"></span>ension of the maturity period of up to one month in c<span class=\"__2 _200\"></span>onsideration of a f<span class=\"__2 _200\"></span>ee pay<span class=\"__2 _200\"></span>able to Multitude when the rescheduling is ac<span class=\"__2 _200\"></span>cept<span class=\"__2 _200\"></span>ed. The e<span class=\"__2 _200\"></span>xtension period v<span class=\"__2 _200\"></span>aries in different mark<span class=\"__2 _202\"></span>ets but is pre-established b<span class=\"__2 _200\"></span>y the Group as part of the pr<span class=\"__2 _200\"></span>oduct featur<span class=\"__2 _200\"></span>e. The upfr<span class=\"__2 _200\"></span>ont payment of a r<span class=\"__2 _200\"></span>escheduling fee is a pre-c<span class=\"__2 _200\"></span>ondition for acc<span class=\"__2 _200\"></span>epting the modification and e<span class=\"__2 _200\"></span>xtending the loan term. T<span class=\"__2 _200\"></span>he rescheduling is not tied to the lack of r<span class=\"__2 _200\"></span>epayment capabilities of the cus<span class=\"__2 _200\"></span>tomer and indeed, this upfr<span class=\"__2 _200\"></span>ont payment requir<span class=\"__2 _200\"></span>ement, together with the short-t<span class=\"__2 _200\"></span>erm of the e<span class=\"__2 _200\"></span>xtension period, is consider<span class=\"__2 _200\"></span>ed inconsis<span class=\"__2 _200\"></span>tent with the profile of a c<span class=\"__2 _200\"></span>ustomer who is e<span class=\"__2 _200\"></span>xperiencing financial difficulties.<span class=\"__2 _25f\"> </span>II. Pa<span class=\"__2 _200\"></span>yment Holida<span class=\"__2 _200\"></span>ys<span class=\"__2 _25f\"> </span>Pa<span class=\"__2 _200\"></span>yment holiday<span class=\"__2 _200\"></span>s are a standar<span class=\"__2 _200\"></span>d featur<span class=\"__2 _200\"></span>e of the credit line f<span class=\"__2 _200\"></span>acility which allow<span class=\"__2 _200\"></span>s cust<span class=\"__2 _200\"></span>omers who are repa<span class=\"__2 _200\"></span>ying on time to r<span class=\"__2 _200\"></span>equest the Gr<span class=\"__2 _200\"></span>oup to r<span class=\"__2 _200\"></span>educe the monthly minimum payment t<span class=\"__2 _200\"></span>o zer<span class=\"__2 _200\"></span>o on not more than tw<span class=\"__2 _202\"></span>o occasions in any tw<span class=\"__2 _200\"></span>elve-month period. <span class=\"__2 _200\"></span>The cust<span class=\"__2 _200\"></span>omer<span class=\"__2 _203\"></span>\u2019s r<span class=\"__2 _200\"></span>equest will not be acc<span class=\"__2 _200\"></span>epted unless the cust<span class=\"__2 _200\"></span>omer has been paying on time<span class=\"__2 _200\"></span>. Additionally<span class=\"__2 _201\"></span>, Multitude inc<span class=\"__2 _200\"></span>orporat<span class=\"__2 _200\"></span>es the follo<span class=\"__2 _200\"></span>wing modification options for its cust<span class=\"__2 _200\"></span>omers into the terms and c<span class=\"__2 _200\"></span>onditions of its long-term cr<span class=\"__2 _200\"></span>edit products:<span class=\"__2 _25f\"> </span>III. Due date change<span class=\"__2 _25f\"> </span>Gener<span class=\"__2 _200\"></span>ally<span class=\"__2 _202\"></span>, the repa<span class=\"__2 _200\"></span>yment date is as<span class=\"__2 _200\"></span>signed by the Gr<span class=\"__2 _200\"></span>oup thirty day<span class=\"__2 _200\"></span>s after the loan agr<span class=\"__2 _200\"></span>eement date and rec<span class=\"__2 _200\"></span>urs monthly after that. This pr<span class=\"__2 _200\"></span>oduct featur<span class=\"__2 _200\"></span>e allow<span class=\"__2 _200\"></span>s cust<span class=\"__2 _200\"></span>omers to change the monthly pay<span class=\"__2 _200\"></span><span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ment due date t<span class=\"__2 _200\"></span>o one that is more c<span class=\"__2 _200\"></span>onv<span class=\"__2 _202\"></span>enient for them. The new pa<span class=\"__2 _200\"></span>yment due date will apply throughout the ma<span class=\"__2 _200\"></span>turity period of the loan, unless subsequently modified. This modification is not gr<span class=\"__2 _200\"></span>anted due to the cus<span class=\"__2 _200\"></span>tomers e<span class=\"__2 _200\"></span>xperiencing financial difficulties; they simply c<span class=\"__2 _200\"></span>ontinue to pa<span class=\"__2 _200\"></span>y their monthly instalments on a differ<span class=\"__2 _200\"></span>ent day of the month.<span class=\"__2 _25f\"> </span>IV<span class=\"__2 _210\"></span>. Modification to the pa<span class=\"__2 _202\"></span>yment schedule<span class=\"__2 _25f\"> </span>During the loan term, the cus<span class=\"__2 _200\"></span>tomer ma<span class=\"__2 _200\"></span>y choose to modify the standar<span class=\"__2 _200\"></span>d maturity date and pa<span class=\"__2 _200\"></span>yment schedules included in the loan agreement b<span class=\"__2 _202\"></span>y increasing the number of monthly instalments, thus e<span class=\"__2 _200\"></span>xtending the loan's maturity period. This <span class=\"__2 _200\"></span>gives cus<span class=\"__2 _200\"></span>tomers mor<span class=\"__2 _200\"></span>e flexibility thr<span class=\"__2 _200\"></span>ough tailor-made payment schedules. T<span class=\"__2 _200\"></span>he Group asses<span class=\"__2 _200\"></span>ses whether the customer is e<span class=\"__2 _202\"></span>xperiencing financial difficulties befor<span class=\"__2 _200\"></span>e granting this modification. T<span class=\"__2 _200\"></span>his modification does not constitut<span class=\"__2 _200\"></span>e forbear<span class=\"__2 _200\"></span>ance if the cust<span class=\"__2 _200\"></span>om<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>er is not e<span class=\"__2 _200\"></span>xperiencing financial difficulties.<span class=\"__2 _25f\"> </span>V<span class=\"__2 _210\"></span>. Pa<span class=\"__2 _200\"></span>yment-free month<span class=\"__2 _25f\"> </span>Long-term cr<span class=\"__2 _200\"></span>edit products allo<span class=\"__2 _202\"></span>w the customer t<span class=\"__2 _200\"></span>o apply for a payment-fr<span class=\"__2 _200\"></span>ee month under terms and conditions pr<span class=\"__2 _200\"></span>escribed by the Gr<span class=\"__2 _200\"></span>oup. T<span class=\"__2 _200\"></span>he policy under which a payment-fr<span class=\"__2 _200\"></span>ee month may be gr<span class=\"__2 _200\"></span>anted includes the conditions that the loan mus<span class=\"__2 _200\"></span>t hav<span class=\"__2 _200\"></span>e been open for se<span class=\"__2 _200\"></span>ver<span class=\"__2 _202\"></span>al months as specified in the policy and that the cus<span class=\"__2 _200\"></span>tomer must ha<span class=\"__2 _200\"></span>ve been making timely r<span class=\"__2 _202\"></span>epayments. This modification is not gr<span class=\"__2 _200\"></span>anted to cus<span class=\"__2 _200\"></span>tomers who ar<span class=\"__2 _200\"></span>e experiencing financial difficulties, but is meant t<span class=\"__2 _200\"></span>o make the products bett<span class=\"__2 _200\"></span>er adapted t<span class=\"__2 _200\"></span>o the customers\u2019 needs.<span class=\"__2 _25f\"> </span>Apart from cash flo<span class=\"__2 _202\"></span>w modifications which are carried out in acc<span class=\"__2 _200\"></span>ordanc<span class=\"__2 _200\"></span>e with the terms and con<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ditions of the loan agreements, the Gr<span class=\"__2 _200\"></span>oup also gr<span class=\"__2 _200\"></span>ants other modifications as part of its collection policies. The most widely used modifica<span class=\"__2 _200\"></span>tion option as part of the Group\u2019<span class=\"__2 _200\"></span>s collection policies is the payment plan wher<span class=\"__2 _200\"></span>e the cust<span class=\"__2 _200\"></span>omer is grant<span class=\"__2 _200\"></span>ed a longer schedule in which to pa<span class=\"__2 _200\"></span>y the amounts due. Multitude may also gr<span class=\"__2 _202\"></span>ant a grace period f<span class=\"__2 _200\"></span>or the payment of the principal amount due for a short period of time. An asses<span class=\"__2 _200\"></span>sment is conducted b<span class=\"__2 _202\"></span>y the Group to e<span class=\"__2 _200\"></span>valua<span class=\"__2 _200\"></span>te whether the cust<span class=\"__2 _200\"></span>omer is e<span class=\"__2 _200\"></span>xperiencing financial difficulties befor<span class=\"__2 _200\"></span>e granting these modifications. If the cus<span class=\"__2 _200\"></span>tomer is e<span class=\"__2 _200\"></span>xperi<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>encing financial difficulties, then these e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _200\"></span>e marked as f<span class=\"__2 _200\"></span>orborne.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s the gros<span class=\"__2 _200\"></span>s outstanding loans to cus<span class=\"__2 _200\"></span>tomers balances, los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance, and basis for ECL r<span class=\"__2 _200\"></span>ecognition and measur<span class=\"__2 _200\"></span>ement for the y<span class=\"__2 _200\"></span>ears 2023 and 2022 for modified loan c<span class=\"__2 _200\"></span>on<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tr<span class=\"__2 _200\"></span>acts (as a forbearanc<span class=\"__2 _200\"></span>e and also as a change in estimated e<span class=\"__2 _202\"></span>xpected cash flo<span class=\"__2 _200\"></span>ws included in terms and conditions<span class=\"__2 _200\"></span>):<span class=\"__2 _25f\"> </span><table class=\"s_1 w459 h84\" id=\"_438ada0b-9171-40c4-9a4d-1d89c46990ba\"><tr><td></td><td class=\"c_1 n_1 x181_1 yd16 w45a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2023<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x5ad yd16 w45b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2022<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 ha_2 yd17 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Basis for ECL<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5ae ha_2 yd18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td><td class=\"t_2 m0_2 x5af ha_2 yd19 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5b0 ha_2 yd1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5b1 ha_2 yd1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5b2 ha_2 yd1c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5b3 ha_2 yd1d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd1e w45c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b4 yd1e w45d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">101<span class=\"__2 _203\"></span>,01<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b5 yd1e w45e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">6,319<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b6 yd1e w45f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">8<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b7 yd1e w460 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>43<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd1f w461 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b8 yd1f w462 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">10<span class=\"__2 _203\"></span>,625<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b9 yd1f w463 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">3,<span class=\"__2 _203\"></span>344<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ba yd1f w464 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>0<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bb yd1f w465 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">2,16<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb70 w37f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bc yb70 w466 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">6,231<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bd yb70 w467 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">2,828<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5be yb70 w468 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _203\"></span>959<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bf yb70 w469 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wd2_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c0 yae1 w46a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c1 yae1 w46b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">12<span class=\"__2 _203\"></span>,492<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c2 yae1 w46c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">101,<span class=\"__2 _200\"></span>444<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c3 yae1 w259 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">1<span class=\"__2 _203\"></span>0,70<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr></table>The Gr<span class=\"__2 _200\"></span>oup\u2019s modified gr<span class=\"__2 _200\"></span>oss outstanding loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers are analy<span class=\"__2 _200\"></span>sed by geogr<span class=\"__2 _200\"></span>aphical location for the y<span class=\"__2 _200\"></span>ears 2023 and 2022 as f<span class=\"__2 _200\"></span>ollow<span class=\"__2 _200\"></span>s:<span class=\"__2 _25f\"> </span><table class=\"s_1 w46d h85\" id=\"_9a97aa19-e651-4a71-9233-ad144a1192b3\"><tr><td class=\"c_1 n_1 x140_1 yd20 w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c4 yd20 w46e h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023 amount<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c5 yd20 w46f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023 %<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c6 yd20 w470 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022 amount<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c7 yd20 w471 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022 %<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd21 w472 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c8 yd21 w473 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">22,<span class=\"__2 _203\"></span>814<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c9 yd21 w474 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls9_2 ws3e_2\">1<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>4%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ca yd21 w475 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>529<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cb yd21 w476 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">19.<span class=\"__2 _203\"></span>3%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd22 w477 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Northern Eur<span class=\"__2 _200\"></span>ope<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cc yd22 w478 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">6<span class=\"__2 _203\"></span>9,178<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cd yd22 w479 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">5<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.7%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ce yd22 w47a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>3,<span class=\"__2 _203\"></span>43<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cf yd22 w47b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">52<span class=\"__2 _203\"></span>.7%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd23 w47c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">W<span class=\"__2 _200\"></span>estern<span class=\"__2 _200\"></span> Eur<span class=\"__2 _200\"></span>ope<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d0 yd23 w47d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,72<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d1 yd23 w47e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">3.<span class=\"__2 _203\"></span>2%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d2 yd23 w47f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">3,800<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d3 yd23 w480 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>.7%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd24 w481 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Eastern<span class=\"__2 _200\"></span> Eur<span class=\"__2 _200\"></span>ope<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d4 yd24 w482 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">22,156<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d5 yd24 w483 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls70_1 ws1ab_1\">18<span class=\"__2 _203\"></span>.8%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d6 yd24 w484 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>79<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d7 yd24 w485 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w486 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls72_1 ws1af_1\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d8 yae1 w487 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls6e_1 ws1a8_1\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d9 yae1 w488 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">1<span class=\"__2 _203\"></span>00.0%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5da yae1 w489 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">1<span class=\"__2 _200\"></span>01,444<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5db yae1 w48a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">100.0%<span class=\"__2 _25f\"> </span></div></td></tr></table>In cases where the Gr<span class=\"__2 _200\"></span>oup gr<span class=\"__2 _200\"></span>ants specific modifications (not included in the original terms and conditions<span class=\"__2 _200\"></span>) to cust<span class=\"__2 _200\"></span>omers whom the Group as<span class=\"__2 _200\"></span>sesses as e<span class=\"__2 _200\"></span>xperiencing financial difficulties, then these e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _200\"></span>e marked as f<span class=\"__2 _200\"></span>orborne in line with the Group\u2019<span class=\"__2 _200\"></span>s policies in relation t<span class=\"__2 _200\"></span>o forbear<span class=\"__2 _200\"></span>ance. As at 31 December 20<span class=\"__2 _200\"></span>23, total loans which w<span class=\"__2 _200\"></span>ere identified as forborne amount<span class=\"__2 _200\"></span>ed to EUR 2.4 million on which a total ECL of EUR 0<span class=\"__2 _200\"></span>.8 million was ac<span class=\"__2 _200\"></span>counted f<span class=\"__2 _200\"></span>or<span class=\"__2 _25f\"> </span><table class=\"s_1 w48b h86\" id=\"_42d4756e-2f54-4477-8254-16809ccf30e8\"><tr><td></td><td class=\"c_1 n_1 x184_1 yd25 w45a h87\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2023<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x5dc yd25 w45b h87\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2022<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 ha_2 yd26 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Basis for ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x5dd ha_2 yd27 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td><td class=\"t_2 m0_2 x5de ha_2 yd28 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5df ha_2 yd29 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5e0 ha_2 yd2a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5e1 ha_2 yd2b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5e2 ha_2 yd2c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd2d w45c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e3 yd2d w48c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e4 yd2d w48d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e5 yd2d w402 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e6 yd2d w33e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd2e w461 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e7 yd2e w48e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>837<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e8 yd2e w48f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">55<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e9 yd2e w3b4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ea yd2e w402 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd2f w37f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5eb yd2f w490 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">58<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ec yd2f w491 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">269<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ed yd2f w492 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ee yd2f w493 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">35<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd30 wd2_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ef yd30 w494 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,45<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f0 yd30 w495 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">83<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f1 yd30 w496 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">53<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f2 yd30 w497 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w sho<span class=\"__2 _200\"></span>ws an incr<span class=\"__2 _200\"></span>ease in ECL due to modification of original t<span class=\"__2 _200\"></span>erms and conditions as per the f<span class=\"__2 _200\"></span>orbearanc<span class=\"__2 _200\"></span>e definition that are included in the impairment los<span class=\"__2 _200\"></span>s on loans to cus<span class=\"__2 _200\"></span>tomers in 2023.<span class=\"__2 _25f\"> </span><table class=\"s_1 w498 h88\" id=\"_4f33e460-1a73-4864-b85b-9371f9f95930\"><tr><td class=\"c_1 n_1 x140_1 yd31 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f3 yd31 w499 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Not Modified ECL<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f4 yd31 w49a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Modified ECL<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f5 yd31 w49b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Change<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd32 w45c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f6 yd32 w49c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">128<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f7 yd32 w48d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f8 yd32 w49d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>125)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd33 w461 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f9 yd33 w49e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">133<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fa yd33 w49f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">558<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fb yd33 w256 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">42<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd34 w37f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fc yd34 w4a0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">140<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fd yd34 w4a1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">269<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fe yd34 w4a2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">129<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w4a3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Grand T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ff yae1 w4a4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">401<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x600 yae1 w4a5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">830<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x601 yae1 w4a6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">429<span class=\"__2 _25f\"> </span></div></td></tr></table>Change report<span class=\"__2 _200\"></span>ed in the table abo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e includes mov<span class=\"__2 _202\"></span>ement between stages as a r<span class=\"__2 _202\"></span>esult of modification.<span class=\"__2 _25f\"> </span>4.2.9 Information on cr<span class=\"__2 _200\"></span>edit quality of other financial assets at amortised c<span class=\"__2 _200\"></span>ost<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s other financial as<span class=\"__2 _200\"></span>sets are mainly c<span class=\"__2 _200\"></span>omprised of loans to rela<span class=\"__2 _200\"></span>ted parties, r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ables from bank<span class=\"__2 _200\"></span>s, rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om sold portfolio, and other financial as<span class=\"__2 _200\"></span>sets as shown in Not<span class=\"__2 _200\"></span>e 15.<span class=\"__2 _25f\"> </span>Rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om banks include bank deposits set aside to fund the Gr<span class=\"__2 _200\"></span>oup\u2019<span class=\"__2 _200\"></span>s foreign curr<span class=\"__2 _200\"></span>ency forw<span class=\"__2 _200\"></span>ard c<span class=\"__2 _200\"></span>ontracts and do not meet the definition of cash and cash equiv<span class=\"__2 _200\"></span>alents. Credit risks as<span class=\"__2 _200\"></span>soci<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ated with these r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ables are similar t<span class=\"__2 _200\"></span>o those of cash and cash equivalents. T<span class=\"__2 _200\"></span>he Group\u2019<span class=\"__2 _200\"></span>s T<span class=\"__2 _201\"></span>reasury function manages them as part of its hedging activities (Note 15 and Not<span class=\"__2 _200\"></span>e 4.3).<span class=\"__2 _25f\"> </span>Rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om sold portfolio include mostly loans t<span class=\"__2 _200\"></span>o customers c<span class=\"__2 _200\"></span>onsidered t<span class=\"__2 _200\"></span>o be non-perform<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ing and credit impair<span class=\"__2 _200\"></span>ed. The Gr<span class=\"__2 _200\"></span>oup manages the credit risk as<span class=\"__2 _200\"></span>sociated with these loans b<span class=\"__2 _200\"></span>y selling rela<span class=\"__2 _200\"></span>ted portfolios, in part or as a whole, t<span class=\"__2 _200\"></span>o other financial institutions, on a non-r<span class=\"__2 _200\"></span>ecourse basis. The Group has defined v<span class=\"__2 _202\"></span>etting procedur<span class=\"__2 _200\"></span>es to ensur<span class=\"__2 _200\"></span>e the credit risk e<span class=\"__2 _202\"></span>xposure arising from an<span class=\"__2 _200\"></span>y amounts rec<span class=\"__2 _200\"></span>eivable fr<span class=\"__2 _200\"></span>om sold portfolio ar<span class=\"__2 _200\"></span>e minimised. Such portfolio sales ar<span class=\"__2 _200\"></span>e backed b<span class=\"__2 _200\"></span>y strict c<span class=\"__2 _200\"></span>ontractual terms and c<span class=\"__2 _200\"></span>onditions regar<span class=\"__2 _200\"></span>ding payment t<span class=\"__2 _200\"></span>erms and settlement of the amount due to the Gr<span class=\"__2 _200\"></span>oup.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup individually assesses cr<span class=\"__2 _200\"></span>edit risk e<span class=\"__2 _200\"></span>xposure arising fr<span class=\"__2 _200\"></span>om underlying financial assets at the end of each reporting period based on the applicable measur<span class=\"__2 _200\"></span>ement guidelines under IFRS 9.<span class=\"__2 _25f\"> </span>  The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for loans t<span class=\"__2 _200\"></span>o relat<span class=\"__2 _200\"></span>ed parties report<span class=\"__2 _200\"></span>ed in other financial assets for the y<span class=\"__2 _202\"></span>ears ended and as at 31 December 2023:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h89\" id=\"_310c13cf-dea8-4fdc-b428-df7a2f3eb97a\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd35 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd36 w1a1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yd36 w1ad h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd37 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd38 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd39 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loan<span class=\"__2 _203\"></span>s to related pa<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>ties<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"c_1 n_1 x602 yd3a w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 yd3c w1a7 h8a\"><div class=\"t_2 m0_2 x13f_1 hb_2 yd3b ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x603 yd3c w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd3d w1a9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x603 yd3d w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd3e w1ab h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x604 yd3e w4a7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,09<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd3f ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x605 hb_2 yd3f ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,09<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd40 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x606 hb_2 yd40 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x607 yae1 w4a8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,04<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for loans t<span class=\"__2 _200\"></span>o relat<span class=\"__2 _200\"></span>ed parties report<span class=\"__2 _200\"></span>ed in other financial assets for the y<span class=\"__2 _202\"></span>ears ended and as at 31 December 2022:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h8b\" id=\"_556c5ced-86ca-438a-a60c-5ef7b685ecd8\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd41 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd42 w1a6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yd42 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd43 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd44 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd45 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loan<span class=\"__2 _203\"></span>s to related pa<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>ties </td><td></td><td></td><td class=\"c_1 n_1 x608 yd46 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 yd3c w1a7 h8c\"><div class=\"t_2 m0_2 x13f_1 hb_2 yd47 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x609 yd3c w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd3d w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60a yd3d w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb58 w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60b yb58 w21a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>379<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd48 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x2d1 hb_2 yd48 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>379<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd49 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x60c hb_2 yd49 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(241)<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x60d yae1 w4a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">8<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr></table>IFRS 9 pro<span class=\"__2 _202\"></span>vides a practical e<span class=\"__2 _200\"></span>xpedient for r<span class=\"__2 _200\"></span>ecognising 12-month ECL for financial instruments with lo<span class=\"__2 _200\"></span>w credit risk at the r<span class=\"__2 _200\"></span>eporting date. W<span class=\"__2 _200\"></span>here applicable<span class=\"__2 _200\"></span>, the Group applies this pr<span class=\"__2 _200\"></span>actical expedi<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ent in determining los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances r<span class=\"__2 _200\"></span>egarding other financial assets measur<span class=\"__2 _200\"></span>ed at amortised cos<span class=\"__2 _200\"></span>t and included in the category of other financial as<span class=\"__2 _200\"></span>sets. This is to the e<span class=\"__2 _202\"></span>xtent that the underlying rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om count<span class=\"__2 _200\"></span>erparties are \"in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment grade\" based on the definition of e<span class=\"__2 _202\"></span>xternal ra<span class=\"__2 _200\"></span>ting agencies \u2013 betw<span class=\"__2 _200\"></span>een AAA t<span class=\"__2 _200\"></span>o BBB- (Standar<span class=\"__2 _200\"></span>d &amp; Poor<span class=\"__2 _203\"></span>\u2019s, Fit<span class=\"__2 _200\"></span>ch) or Aaa-Baa3 (Moody\u2019s<span class=\"__2 _200\"></span>). A<span class=\"__2 _200\"></span>t each reporting dat<span class=\"__2 _200\"></span>e, the Group as<span class=\"__2 _200\"></span>sesses whether any changes in cir<span class=\"__2 _200\"></span>cumstanc<span class=\"__2 _200\"></span>es would r<span class=\"__2 _200\"></span>esult into a significant incr<span class=\"__2 _200\"></span>ease in credit risk sinc<span class=\"__2 _200\"></span>e initial rec<span class=\"__2 _200\"></span>ognition in relation t<span class=\"__2 _200\"></span>o its other financial assets at amortised c<span class=\"__2 _200\"></span>ost. And it determines whether los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances should be r<span class=\"__2 _200\"></span>ecognised using lifetime ECL.<span class=\"__2 _25f\"> </span>4.2.<span class=\"__2 _202\"></span>10 information on credit quality of debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments<span class=\"__2 _25f\"> </span>The debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments reflect the Gr<span class=\"__2 _200\"></span>oup's acquisition of secur<span class=\"__2 _200\"></span>ed bonds. Such bonds are principal<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ly secur<span class=\"__2 _200\"></span>ed by loan portfolios tha<span class=\"__2 _200\"></span>t are pledged in fa<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>our of the Group<span class=\"__2 _200\"></span>, taking into consider<span class=\"__2 _200\"></span>ation pre-es<span class=\"__2 _200\"></span>tablished collat<span class=\"__2 _200\"></span>eralised r<span class=\"__2 _200\"></span>atios in rela<span class=\"__2 _200\"></span>tion to the amount inv<span class=\"__2 _202\"></span>ested and also encompas<span class=\"__2 _200\"></span>s pre-es<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tablished r<span class=\"__2 _200\"></span>atios of exposur<span class=\"__2 _200\"></span>es b<span class=\"__2 _200\"></span>y ageing of the underlying pledged portfolio. Mor<span class=\"__2 _200\"></span>eo<span class=\"__2 _200\"></span>ver<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup also has additional collat<span class=\"__2 _200\"></span>eral in the f<span class=\"__2 _200\"></span>orm of cash deposited in its acc<span class=\"__2 _200\"></span>ounts or pledged financial instruments in f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our of the Group in r<span class=\"__2 _200\"></span>espect of this inv<span class=\"__2 _202\"></span>estment.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup conducts periodical asses<span class=\"__2 _200\"></span>sments in relation t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _200\"></span>e portfolio<span class=\"__2 _200\"></span>, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should pro<span class=\"__2 _202\"></span>vide for expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>ses. The outc<span class=\"__2 _200\"></span>ome of such assess<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ments, coupled with the se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral clauses c<span class=\"__2 _200\"></span>ontained within the agreement, r<span class=\"__2 _200\"></span>eflects the need for the Group t<span class=\"__2 _200\"></span>o acc<span class=\"__2 _200\"></span>ount for e<span class=\"__2 _200\"></span>xpected credit los<span class=\"__2 _200\"></span>ses of EUR 33,000 in r<span class=\"__2 _200\"></span>elation to one of these in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments as at 31 December 20<span class=\"__2 _200\"></span>23.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments for the y<span class=\"__2 _200\"></span>ear ended and as at 31 December 20<span class=\"__2 _200\"></span>23:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4aa h8d\" id=\"_89887c49-e70d-4f66-a68a-64436d57f9f2\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd4a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd4b w1a1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yd4b w1ad h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd4c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd4d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd4e ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t i<span class=\"__2 _203\"></span>nves<span class=\"__2 _203\"></span>tm<span class=\"__2 _203\"></span>e<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd4f ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A- </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yd50 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yd51 w1a7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x609 yd51 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd52 w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60a yd52 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd53 w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60e yd53 w4ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">6<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd54 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x60f hb_2 yd54 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">6<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd55 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x2ca hb_2 yd55 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(33)<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x610 yae1 w3bd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">62,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments for the y<span class=\"__2 _200\"></span>ear ended and as at 31 December 20<span class=\"__2 _200\"></span>22:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h8e\" id=\"_00ef18fa-800f-4577-a408-e4f15a808659\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd56 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd57 w1a6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yd57 w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd58 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd59 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd5a ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">De<span class=\"__2 _203\"></span>bt investme<span class=\"__2 _203\"></span>nts </td><td></td><td></td><td class=\"c_1 n_1 x608 yd5b w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 yd5d w1a7 h8f\"><div class=\"t_2 m0_2 x13f_1 hb_2 yd5c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x609 yd5d w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd5e w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60a yd5e w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd5f w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x611 yd5f w4ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd60 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x612 hb_2 yd60 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd61 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yd61 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x610 yae1 w4ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr></table>4.2.<span class=\"__2 _202\"></span>11 Writ<span class=\"__2 _200\"></span>e-off policy<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup writes off and der<span class=\"__2 _200\"></span>ecognises loans to cus<span class=\"__2 _200\"></span>tomers, debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments and other financial assets at amortised c<span class=\"__2 _200\"></span>ost when it determines that these ar<span class=\"__2 _200\"></span>e credit-impair<span class=\"__2 _202\"></span>ed for a significant period, and the Group has e<span class=\"__2 _202\"></span>xhausted all pr<span class=\"__2 _200\"></span>actical efforts and debt rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very s<span class=\"__2 _200\"></span>trat<span class=\"__2 _200\"></span>egies. In some cases, the Group ma<span class=\"__2 _200\"></span>y opt to c<span class=\"__2 _200\"></span>onduct a one-off sale of the underlying financial assets, in part or as a whole, to thir<span class=\"__2 _200\"></span>d parties.<span class=\"__2 _25f\"> </span>In case of a sale, the Gr<span class=\"__2 _200\"></span>oup rec<span class=\"__2 _200\"></span>ognises the gain or loss fr<span class=\"__2 _200\"></span>om the sale of loans to cust<span class=\"__2 _200\"></span>omers or other financial assets as the differ<span class=\"__2 _200\"></span>ence betw<span class=\"__2 _200\"></span>een the consider<span class=\"__2 _200\"></span>ation r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ed, and the carrying amount (<span class=\"__2 _200\"></span>gross amount les<span class=\"__2 _200\"></span>s any loss allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es) of such financial as<span class=\"__2 _200\"></span>sets and costs incurr<span class=\"__2 _200\"></span>ed during the sale, in the sta<span class=\"__2 _200\"></span>tement of profit or los<span class=\"__2 _200\"></span>s. In the case of the write-offs, loss on disposal is r<span class=\"__2 _200\"></span>ecognised as equal to the carrying amount of such financial as<span class=\"__2 _200\"></span>sets in the consolidated s<span class=\"__2 _200\"></span>tatement of pr<span class=\"__2 _200\"></span>ofit or loss. 4.2.<span class=\"__2 _202\"></span>12 Collater<span class=\"__2 _202\"></span>al<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s c<span class=\"__2 _200\"></span>onsumer lending portfolio is gener<span class=\"__2 _200\"></span>ally unsecured, in line with the typical natur<span class=\"__2 _200\"></span>e and charact<span class=\"__2 _200\"></span>eristics observ<span class=\"__2 _200\"></span>ed for short-term r<span class=\"__2 _202\"></span>etail portfolios. How<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>er<span class=\"__2 _201\"></span>, the Group emplo<span class=\"__2 _200\"></span>ys a r<span class=\"__2 _200\"></span>ange of policies and pr<span class=\"__2 _200\"></span>actices to mitigat<span class=\"__2 _200\"></span>e credit risk, including c<span class=\"__2 _200\"></span>ollection str<span class=\"__2 _200\"></span>ategies, contr<span class=\"__2 _202\"></span>actual arrange<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ment b<span class=\"__2 _200\"></span>y which the Group can sell aged portfolios onc<span class=\"__2 _200\"></span>e specific loans reach a pr<span class=\"__2 _200\"></span>edetermined ageing profile and one-off debt sales. <span class=\"__2 _200\"></span>Note 4.2.7 discloses the amount of loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers disposed of during the y<span class=\"__2 _200\"></span>ear<span class=\"__2 _201\"></span>. In 2023, the Gr<span class=\"__2 _200\"></span>oup started t<span class=\"__2 _200\"></span>o offer collat<span class=\"__2 _200\"></span>eralised loans t<span class=\"__2 _200\"></span>o SME cust<span class=\"__2 _200\"></span>omers. The underlying collat<span class=\"__2 _200\"></span>eral for these loans must be c<span class=\"__2 _200\"></span>omprised of either loan portfolios, apartments or r<span class=\"__2 _200\"></span>esidential buildings, commer<span class=\"__2 _200\"></span>cial properties or plots that meet specific r<span class=\"__2 _202\"></span>equirements including any additional cash or financial instrument colla<span class=\"__2 _200\"></span>ter<span class=\"__2 _200\"></span>al pro<span class=\"__2 _200\"></span>vided b<span class=\"__2 _200\"></span>y the issuer<span class=\"__2 _201\"></span>. The Gr<span class=\"__2 _200\"></span>oup assigns differ<span class=\"__2 _200\"></span>ent loan-to-v<span class=\"__2 _200\"></span>alue coefficients t<span class=\"__2 _200\"></span>o ev<span class=\"__2 _202\"></span>ery collater<span class=\"__2 _200\"></span>al item depending on its natur<span class=\"__2 _200\"></span>e. The v<span class=\"__2 _200\"></span>alue of collat<span class=\"__2 _200\"></span>eral is r<span class=\"__2 _202\"></span>egularly re<span class=\"__2 _202\"></span>view<span class=\"__2 _200\"></span>ed for changes in the underlined market pric<span class=\"__2 _200\"></span>es.<span class=\"__2 _25f\"> </span>The debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments are mainly secur<span class=\"__2 _200\"></span>ed by loan portf<span class=\"__2 _200\"></span>olios pledged in fa<span class=\"__2 _200\"></span>vour of the Multitude Bank and hence the Gr<span class=\"__2 _200\"></span>oup, taking into c<span class=\"__2 _200\"></span>onsidera<span class=\"__2 _200\"></span>tion pre-established c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>alised ra<span class=\"__2 _200\"></span>tios in rela<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tion to the amount in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>ted and encompas<span class=\"__2 _200\"></span>sing pre-es<span class=\"__2 _200\"></span>tablished ratios of e<span class=\"__2 _202\"></span>xposures by ageing of the underlying pledged portfolio<span class=\"__2 _200\"></span>. Moreo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er<span class=\"__2 _201\"></span>, the Bank also has additional collater<span class=\"__2 _202\"></span>al in the form of cash deposited in its ac<span class=\"__2 _200\"></span>counts or pledged financial instruments in f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our of the Bank in respect of this inv<span class=\"__2 _202\"></span>estment<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span>4.2.<span class=\"__2 _202\"></span>13 Maximum exposur<span class=\"__2 _200\"></span>e to cr<span class=\"__2 _200\"></span>edit risk<span class=\"__2 _25f\"> </span>An \u2018e<span class=\"__2 _202\"></span>xposure\u2019 is defined as the amount at risk arising from the Gr<span class=\"__2 _202\"></span>oup\u2019s assets and off-balanc<span class=\"__2 _200\"></span>e sheet items. T<span class=\"__2 _200\"></span>he Group\u2019<span class=\"__2 _200\"></span>s maximum credit risk c<span class=\"__2 _200\"></span>oncerning on- and off-balance sheet it<span class=\"__2 _200\"></span>ems can be classified int<span class=\"__2 _200\"></span>o the following ca<span class=\"__2 _200\"></span>tegories:<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws17d_1\">Financial assets that c<span class=\"__2 _200\"></span>omprise principally cash and cash equivalent (balanc<span class=\"__2 _200\"></span>es with Central </span>Banks and balances with other bank<span class=\"__2 _200\"></span>s), loans to c<span class=\"__2 _200\"></span>ustomers, debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments and other financial assets. The maximum e<span class=\"__2 _202\"></span>xposure to cr<span class=\"__2 _200\"></span>edit risk of these financial assets equals their gr<span class=\"__2 _200\"></span>oss carrying amounts.<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"wse_2\">Loan commitments and other cr<span class=\"__2 _200\"></span>edit-rela<span class=\"__2 _200\"></span>ted commitments that ar<span class=\"__2 _202\"></span>e irrev<span class=\"__2 _202\"></span>ocable ov<span class=\"__2 _202\"></span>er the life of </span>the respectiv<span class=\"__2 _202\"></span>e facilities. The maximum e<span class=\"__2 _200\"></span>xposure t<span class=\"__2 _200\"></span>o credit risk is the full amount of the c<span class=\"__2 _200\"></span>ommitted facilities. Ho<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ev<span class=\"__2 _200\"></span>er<span class=\"__2 _201\"></span>, the likely amount of los<span class=\"__2 _200\"></span>s is less than the total unused c<span class=\"__2 _200\"></span>ommitments as the most c<span class=\"__2 _200\"></span>ommitments to e<span class=\"__2 _200\"></span>xtend cr<span class=\"__2 _200\"></span>edit are c<span class=\"__2 _200\"></span>ontingent upon customers maintaining specific cr<span class=\"__2 _200\"></span>edit standar<span class=\"__2 _200\"></span>ds. These e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _200\"></span>e monitor<span class=\"__2 _200\"></span>ed in the same manner as loans to cust<span class=\"__2 _200\"></span>omers and debt inv<span class=\"__2 _202\"></span>estments.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s maximum cr<span class=\"__2 _200\"></span>edit risk e<span class=\"__2 _200\"></span>xposure without c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al held or other credit enhanc<span class=\"__2 _200\"></span>ements as at 31 December ar<span class=\"__2 _200\"></span>e as follo<span class=\"__2 _200\"></span>ws:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4ad h90\" id=\"_ab2f4850-e364-4e26-b9ed-e1b6ab9c84e4\"><tr><td class=\"c_1 n_1 x140_1 yd62 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x613 yd62 w19c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x614 ha_2 yd63 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Restat<span class=\"__2 _200\"></span>ed </td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2d6 ha_2 yd64 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd65 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cred<span class=\"__2 _203\"></span>it risk expo<span class=\"__2 _203\"></span>sures re<span class=\"__2 _203\"></span>lating to on<span class=\"__2 _203\"></span>-b<span class=\"__2 _203\"></span>ala<span class=\"__2 _203\"></span>nce sh<span class=\"__2 _203\"></span>eet as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s:<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd66 w4ae h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Loans t<span class=\"__2 _202\"></span>o customers<span class=\"__2 _200\"></span> (gross<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x615 yd66 w4af h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">69<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x616 yd66 w4b0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">619,<span class=\"__2 _200\"></span>794<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd67 w4b1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>ash an<span class=\"__2 _203\"></span>d ca<span class=\"__2 _203\"></span>sh eq<span class=\"__2 _203\"></span>uival<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x617 yd67 w198 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x618 yd67 w4b2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd68 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Oth<span class=\"__2 _203\"></span>er fi<span class=\"__2 _203\"></span>nan<span class=\"__2 _203\"></span>cial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s at am<span class=\"__2 _203\"></span>or<span class=\"__2 _203\"></span>tised co<span class=\"__2 _203\"></span>st:<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x619 yd69 w4b3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t i<span class=\"__2 _203\"></span>nves<span class=\"__2 _203\"></span>tm<span class=\"__2 _203\"></span>e<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61a yd69 w3bd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">62,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61b yd69 w4b4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,1<span class=\"__2 _205\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6a w4b5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loan<span class=\"__2 _203\"></span>s to related pa<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>ties<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61c yd6a w4a8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,0<span class=\"__2 _203\"></span>48<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61d yd6a w4b6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">8<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6b w4b7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Rece<span class=\"__2 _200\"></span>ivables<span class=\"__2 _200\"></span> from<span class=\"__2 _200\"></span> banks<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61e yd6b w4b8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">4,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61f yd6b w4b9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>36<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6c w4ba h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Receiv<span class=\"__2 _200\"></span>ables from sold<span class=\"__2 _200\"></span> por<span class=\"__2 _203\"></span>tfolios<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x620 yd6c w4bb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>476<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x621 yd6c w4bc h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>26<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6d w4bd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Other recei<span class=\"__2 _200\"></span>vables<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x622 yd6d w234 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls73_1 ws4e_2\">3,549<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x623 yd6d w4be h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">4,<span class=\"__2 _203\"></span>649<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd6e ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cred<span class=\"__2 _203\"></span>it risk expo<span class=\"__2 _203\"></span>sures re<span class=\"__2 _203\"></span>lating to of<span class=\"__2 _203\"></span>f-bala<span class=\"__2 _203\"></span>nce sh<span class=\"__2 _203\"></span>eet i<span class=\"__2 _203\"></span>nstr<span class=\"__2 _203\"></span>ume<span class=\"__2 _203\"></span>nts:<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd6f w4bf h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Commi<span class=\"__2 _200\"></span>tments<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x624 yd6f w4c0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">8,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x625 yd6f w4c1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">7<span class=\"__2 _201\"></span>,000<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w4c2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">T<span class=\"__2 _201\"></span>otal credi<span class=\"__2 _200\"></span>t risk<span class=\"__2 _200\"></span> expos<span class=\"__2 _200\"></span>ure<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x626 yae1 w4c3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">1<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>63<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>879<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x627 yae1 w4c4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">820,640<span class=\"__2 _25f\"> </span></div></td></tr></table>4.2.<span class=\"__2 _202\"></span>14 Credit conc<span class=\"__2 _200\"></span>entra<span class=\"__2 _200\"></span>tion risk<span class=\"__2 _25f\"> </span>Credit c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ation risk e<span class=\"__2 _200\"></span>xposure r<span class=\"__2 _200\"></span>esults from inadequat<span class=\"__2 _200\"></span>e div<span class=\"__2 _200\"></span>ersification of the Group\u2019<span class=\"__2 _200\"></span>s loans to cus<span class=\"__2 _200\"></span>tomers. The Gr<span class=\"__2 _200\"></span>oup manages this risk by activ<span class=\"__2 _202\"></span>ely and regularly monitoring, measuring, and analysing cr<span class=\"__2 _200\"></span>edit conc<span class=\"__2 _200\"></span>entrations a<span class=\"__2 _200\"></span>t the portfolio and market le<span class=\"__2 _202\"></span>vels, and wher<span class=\"__2 _200\"></span>e applicable, with other count<span class=\"__2 _200\"></span>erparties.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s loans t<span class=\"__2 _200\"></span>o customers do not include an<span class=\"__2 _200\"></span>y significant credit risk c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ations. These ar<span class=\"__2 _200\"></span>e mainly comprised of r<span class=\"__2 _200\"></span>etail e<span class=\"__2 _200\"></span>xposures which ar<span class=\"__2 _200\"></span>e individually insignificant, with the biggest v<span class=\"__2 _200\"></span>alue per cust<span class=\"__2 _200\"></span>omer arising from unc<span class=\"__2 _200\"></span>ollaterised SME loans, gr<span class=\"__2 _200\"></span>anted thr<span class=\"__2 _200\"></span>ough the standard underwriting proc<span class=\"__2 _200\"></span>ess of the Gr<span class=\"__2 _200\"></span>oup, at a cap of EUR 350<span class=\"__2 _200\"></span>,000 or 0<span class=\"__2 _200\"></span>.01% of t<span class=\"__2 _200\"></span>otal Group loans t<span class=\"__2 _200\"></span>o customers for the y<span class=\"__2 _200\"></span>ears ended 31 December 2023 and 2022. T<span class=\"__2 _200\"></span>he Group has higher e<span class=\"__2 _202\"></span>xposure to debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments that ha<span class=\"__2 _200\"></span>ve c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al and loans to r<span class=\"__2 _200\"></span>elated parties. Multitude does not ha<span class=\"__2 _200\"></span>ve clients tha<span class=\"__2 _200\"></span>t individually gener<span class=\"__2 _200\"></span>ate mor<span class=\"__2 _200\"></span>e than 10% of total re<span class=\"__2 _202\"></span>venue for the y<span class=\"__2 _202\"></span>ears ended 31 December 2023 and 2022. Con<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>centr<span class=\"__2 _200\"></span>ation limits for balanc<span class=\"__2 _200\"></span>es with Central Bank<span class=\"__2 _200\"></span>s and other banks are set out individually as a perc<span class=\"__2 _200\"></span>entage to the Gr<span class=\"__2 _200\"></span>oup\u2019s equity in tr<span class=\"__2 _200\"></span>easury management policy<span class=\"__2 _201\"></span>. The limit r<span class=\"__2 _200\"></span>anges between 10% and 100% depending on the individual credit r<span class=\"__2 _202\"></span>ating of each bank.<span class=\"__2 _25f\"> </span>Follo<span class=\"__2 _200\"></span>wing table show<span class=\"__2 _200\"></span>s credit c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ation of the Group b<span class=\"__2 _202\"></span>y geographic r<span class=\"__2 _200\"></span>egions as at 31 December 2023:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4c5 h91\" id=\"_fb7ad086-b14f-4e83-b3cd-afdea9dd5d5a\"><tr><td></td><td></td><td class=\"t_2 m0_2 x628 ha_2 yd70 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cash </td><td class=\"t_2 m0_2 x629 ha_2 yd71 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans to </td><td class=\"t_2 m0_2 x62a ha_2 yd71 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Debt </td><td class=\"t_2 m0_2 x62b ha_2 yd72 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other </td><td class=\"t_2 m0_2 x62c ha_2 yd72 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yd73 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x62d ha_2 yd73 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">and cash </td><td class=\"t_2 m0_2 x62e ha_2 yd74 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">customers<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x62f ha_2 yd74 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">inv<span class=\"__2 _202\"></span>estments </td><td class=\"t_2 m0_2 x630 ha_2 yd75 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x631 ha_2 yd75 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x4ad ha_2 yd75 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd76 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">Co<span class=\"__2 _203\"></span>untr<span class=\"__2 _203\"></span>y </td><td></td><td class=\"t_2 m0_2 x632 ha_2 yd77 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">equivalents<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"t_2 m0_2 x633 ha_2 yd78 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x634 ha_2 yd78 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">of </td><td class=\"c_1 n_1 x635 yd7a w4c6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x636 yd7a w4c7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">1<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>1<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x637 yd7a w4c8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>09<span class=\"__2 _203\"></span>,779<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x638 yd7a w4c9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,057<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x639 yd7a w4ca h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>879<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x63a yd7a w4cb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">15<span class=\"__2 _200\"></span>5,900<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x63b yd7a w4cc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>56%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd7b ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">domicil<span class=\"__2 _203\"></span>e</td><td class=\"t_2 m0_2 x63c hb_2 yd7c ff2_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\"> Swe<span class=\"__2 _203\"></span>de<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd7d ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Northern </td><td class=\"t_2 m0_2 x63d hb_2 yd7e ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Denmark, Norwa<span class=\"__2 _200\"></span>y<span class=\"__2 _202\"></span>, </td><td class=\"c_1 n_1 x63e yd7f w4cd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>24<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x63f yd7f w4ce h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">231,<span class=\"__2 _203\"></span>863<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x640 yd7f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x641 yd7f w4cf h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">173<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x642 yd7f w4d0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">235<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>284<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x643 yd7f w4d1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">25<span class=\"__2 _203\"></span>.00%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd80 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x644 hb_2 yd81 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">UK</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x645 hb_2 yd82 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Ge<span class=\"__2 _203\"></span>rma<span class=\"__2 _203\"></span>ny<span class=\"__2 _202\"></span>, T<span class=\"__2 _203\"></span>he </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd83 ff2_2 fs7_2 fc1_2 sc0_2 ls20_2 ws52_2\">We<span class=\"__2 _203\"></span>s<span class=\"__2 _203\"></span>te<span class=\"__2 _205\"></span>r<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span> </td><td class=\"t_2 m0_2 x646 hb_2 yd83 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Nether<span class=\"__2 _200\"></span>lands, </td><td class=\"c_1 n_1 x63e yd84 w4d2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x647 yd84 w4d3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">46,992<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x648 yd84 w4d4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>25<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x649 yd84 w4d5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls75 ws1b3_1\">185<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x64a yd84 w4d6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">68<span class=\"__2 _205\"></span>,732<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x64b yd84 w4d7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls76 ws1b4\">7.<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd85 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x64c hb_2 yd85 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Spa<span class=\"__2 _203\"></span>in<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x646 hb_2 yd86 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">Luxembou<span class=\"__2 _203\"></span>rg </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64d hb_2 yd87 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Lat<span class=\"__2 _203\"></span>via<span class=\"__2 _203\"></span>, E<span class=\"__2 _203\"></span>stonia<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64e hb_2 yd88 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Czechi<span class=\"__2 _203\"></span>a, <span class=\"__2 _b3_2\"> </span>Croatia<span class=\"__2 _203\"></span>,  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd89 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">East<span class=\"__2 _200\"></span>ern </td><td class=\"t_2 m0_2 x64f hb_2 yd89 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">Roman<span class=\"__2 _203\"></span>ia, Bulg<span class=\"__2 _203\"></span>aria, </td><td class=\"c_1 n_1 x650 yd8a w4d8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>015<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x651 yd8a w4d9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">180,<span class=\"__2 _200\"></span>77<span class=\"__2 _200\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x652 yd8a w4da h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">21,410<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x653 yd8a w4db h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">373<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x654 yd8a w2db h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">2<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>74<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x655 yd8a w4dc h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">21<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>95%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd8b ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x656 hb_2 yd8b ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lithu<span class=\"__2 _203\"></span>ania<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x63d hb_2 yd8c ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">Sl<span class=\"__2 _203\"></span>ova<span class=\"__2 _203\"></span>k<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span> S<span class=\"__2 _203\"></span>love<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd8d ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Sout<span class=\"__2 _200\"></span>hern </td><td class=\"t_2 m0_2 x657 hb_2 yd8e ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Poland<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x658 yd8f w4dd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Malta, Cyprus<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x659 yd8f w4de h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65a yd8f w4df h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65b yd8f w4e0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">15,421<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65c yd8f w4e1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">4<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65d yd8f w4e2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">26<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,70<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65e yd8f w4e3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">28<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>23%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd90 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe</td><td class=\"t_2 m0_2 x64e hb_2 yd91 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> C<span class=\"__2 _203\"></span>ana<span class=\"__2 _203\"></span>da<span class=\"__2 _203\"></span>, Mexico, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x65f hb_2 yd92 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws1b5\">India, <span class=\"__2 _b3_2\"> </span>Philippines,  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd93 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Other<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x65f hb_2 yd93 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Banglad<span class=\"__2 _203\"></span>esh, New </td><td class=\"c_1 n_1 x660 yd94 w4e4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,758<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x661 yd94 w4e5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">6,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x662 yd94 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x663 yd94 w4e6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">72<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x664 yd94 w446 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">9,018<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x665 yd94 w4e7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">0.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>6%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x666 hb_2 yd95 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Zeala<span class=\"__2 _203\"></span>nd<span class=\"__2 _203\"></span>, <span class=\"__2 _215\"> </span>B<span class=\"__2 _203\"></span>razil,  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x667 hb_2 yd96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">Australia<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x2c1 yae1 w4e8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _212\"></span>l<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x668 yae1 w4e9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">283<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x669 yae1 w4ea h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">575<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>94<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66a yae1 w4eb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">62<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66b yae1 w4ec h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">19,<span class=\"__2 _203\"></span>436<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66c yae1 w1f4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">9<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66d yae1 w4ed h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">100.<span class=\"__2 _200\"></span>00%<span class=\"__2 _25f\"> </span></div></td></tr></table>Follo<span class=\"__2 _200\"></span>wing table show<span class=\"__2 _200\"></span>s credit c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ation of the Group b<span class=\"__2 _202\"></span>y geographic r<span class=\"__2 _200\"></span>egions as at 31 December 2022:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4ee h92\" id=\"_4bca7897-94f8-43ad-a4e7-0a5a71204e13\"><tr><td></td><td></td><td class=\"t_2 m0_2 x628 ha_2 yd97 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cash </td><td></td><td class=\"t_2 m0_2 x66e ha_2 yd98 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans to </td><td class=\"t_2 m0_2 x66f ha_2 yd98 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Debt </td><td class=\"t_2 m0_2 x670 ha_2 yd99 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other </td><td class=\"t_2 m0_2 x671 ha_2 yd99 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yd9a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x62d ha_2 yd9a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">and cash </td><td></td><td class=\"t_2 m0_2 x672 ha_2 yd9b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">customers<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36c ha_2 yd9b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">inv<span class=\"__2 _202\"></span>estments </td><td class=\"t_2 m0_2 x673 ha_2 yd9c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x674 ha_2 yd9c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x675 ha_2 yd9c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x632 ha_2 yd9d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">equivalents<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td class=\"t_2 m0_2 x676 ha_2 yd9e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x677 ha_2 yd9e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yd9f ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">Co<span class=\"__2 _203\"></span>untr<span class=\"__2 _203\"></span>y </td><td class=\"c_1 n_1 x635 yda0 w4c6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x678 yda0 w4ef h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">2<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x679 yda0 w4f0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>273<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67a yda0 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67b yda0 w4f1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">12,792<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67c yda0 w4f2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">149,038<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67d yda0 w4f3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>26%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yda1 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">of dom<span class=\"__2 _203\"></span>icil<span class=\"__2 _203\"></span>e<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yda2 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Northern </td><td class=\"t_2 m0_2 x63c hb_2 yda3 ff2_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\"> Swe<span class=\"__2 _203\"></span>de<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yda4 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x656 hb_2 yda5 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Denmark, </td><td class=\"c_1 n_1 x63e yda6 w3fc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>65<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x67e yda6 w4f4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">186,080<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67f yda6 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x680 yda6 w43b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">45<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x681 yda6 w4f5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">191,190<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x682 yda6 w4f6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls76 ws1b4\">2<span class=\"__2 _205\"></span>7.<span class=\"__2 _a0_2\"> </span>2<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x683 hb_2 yda7 ff2_2 fs7_2 fc1_2 sc0_2 ls77 ws1b6\">N<span class=\"__2 _203\"></span>o<span class=\"__2 _205\"></span>r<span class=\"__2 _205\"></span>w<span class=\"__2 _203\"></span>a<span class=\"__2 _203\"></span>y,<span class=\"__2 _203\"></span> U<span class=\"__2 _205\"></span>K</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x645 hb_2 yda8 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Ge<span class=\"__2 _203\"></span>rma<span class=\"__2 _203\"></span>ny<span class=\"__2 _202\"></span>, T<span class=\"__2 _203\"></span>he </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yda9 ff2_2 fs7_2 fc1_2 sc0_2 ls20_2 ws52_2\">We<span class=\"__2 _203\"></span>s<span class=\"__2 _203\"></span>te<span class=\"__2 _205\"></span>r<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span> </td><td class=\"t_2 m0_2 x646 hb_2 yda9 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Nether<span class=\"__2 _200\"></span>lands, </td><td class=\"c_1 n_1 x684 ydaa w4f7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">11,7<span class=\"__2 _200\"></span>60<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x685 ydaa w4f8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">5<span class=\"__2 _203\"></span>4,0<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x686 ydaa w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x687 ydaa w4f9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">139<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x688 ydaa w4fa h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">6<span class=\"__2 _200\"></span>5,908<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x689 ydaa w4fb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">9.4<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 ydab ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x64c hb_2 ydab ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Spa<span class=\"__2 _203\"></span>in<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x646 hb_2 ydac ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">Luxembou<span class=\"__2 _203\"></span>rg </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64d hb_2 ydad ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Lat<span class=\"__2 _203\"></span>via<span class=\"__2 _203\"></span>, E<span class=\"__2 _203\"></span>stonia<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64e hb_2 ydae ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Czechi<span class=\"__2 _203\"></span>a, <span class=\"__2 _b3_2\"> </span>Croatia<span class=\"__2 _203\"></span>,  </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 ydaf ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">East<span class=\"__2 _200\"></span>ern </td><td class=\"t_2 m0_2 x63c hb_2 ydb0 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Romania,<span class=\"__2 _200\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 ydb1 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x667 hb_2 ydb2 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">Bulga<span class=\"__2 _203\"></span>ria, </td><td class=\"c_1 n_1 x650 ydb3 w4fc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x68a ydb3 w4fd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">138,896<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68b ydb3 w4fe h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">1<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>879<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68c ydb3 w4ff h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">97<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68d ydb3 w500 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">15<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68e ydb3 w501 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">22<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>3%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x656 hb_2 ydb4 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lithu<span class=\"__2 _203\"></span>ania<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x667 hb_2 ydb5 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Slov<span class=\"__2 _200\"></span>akia<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 ydb6 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Sout<span class=\"__2 _200\"></span>hern </td><td class=\"t_2 m0_2 x68f hb_2 ydb7 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">Sl<span class=\"__2 _203\"></span>ove<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span> Po<span class=\"__2 _203\"></span>la<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x690 ydb8 w4dd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Malta, Cyprus<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x691 ydb8 w502 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">9<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x692 ydb8 w503 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x693 ydb8 w491 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">229<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x694 ydb8 w504 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>29<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x695 ydb8 w505 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">4<span class=\"__2 _203\"></span>,618<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x696 ydb8 w506 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">112,<span class=\"__2 _203\"></span>26<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x697 ydb8 w507 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.02%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 ydb9 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe</td><td class=\"t_2 m0_2 x64e hb_2 ydba ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> C<span class=\"__2 _203\"></span>ana<span class=\"__2 _203\"></span>da<span class=\"__2 _203\"></span>, Mexico, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x65f hb_2 ydbb ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws1b5\">India, <span class=\"__2 _b3_2\"> </span>Philippines,  </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 ydbc ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Other<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x65f hb_2 ydbc ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Banglad<span class=\"__2 _203\"></span>esh, New </td><td></td><td class=\"c_1 n_1 x698 ydbd w508 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>85<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x699 ydbd w509 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">21,<span class=\"__2 _203\"></span>588<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69a ydbd w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69b ydbd w2ae h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">437<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69c ydbd w50a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">2<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>878<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69d ydbd w50b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">3<span class=\"__2 _205\"></span>.<span class=\"__2 _203\"></span>41%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x666 hb_2 ydbe ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Zeala<span class=\"__2 _203\"></span>nd<span class=\"__2 _203\"></span>, <span class=\"__2 _215\"> </span>B<span class=\"__2 _203\"></span>razil,  </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x667 hb_2 ydbf ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">Australia<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x2c1 yae1 w4e8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _212\"></span>l<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x69e yae1 w37f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69f yae1 w4af h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">5<span class=\"__2 _203\"></span>07<span class=\"__2 _200\"></span>,<span class=\"__2 _203\"></span>075<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a0 yae1 w50c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">21<span class=\"__2 _205\"></span>,1<span class=\"__2 _205\"></span>07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a1 yae1 w50d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>413<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a2 yae1 w50e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">700,920<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a3 yae1 w50f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">100.00%<span class=\"__2 _25f\"> </span></div></td></tr></table>4.3 Mark<span class=\"__2 _200\"></span>et risk The Gr<span class=\"__2 _200\"></span>oup\u2019s oper<span class=\"__2 _202\"></span>ations in different mark<span class=\"__2 _200\"></span>ets e<span class=\"__2 _200\"></span>xpose it to v<span class=\"__2 _200\"></span>arious market risks, including f<span class=\"__2 _200\"></span>oreign curr<span class=\"__2 _200\"></span>ency risk and inter<span class=\"__2 _200\"></span>est ra<span class=\"__2 _200\"></span>te risk.<span class=\"__2 _25f\"> </span>4.3.<span class=\"__2 _202\"></span>1 For<span class=\"__2 _200\"></span>eign currency risk<span class=\"__2 _25f\"> </span>4.3.<span class=\"__2 _202\"></span>1.<span class=\"__2 _200\"></span>1 For<span class=\"__2 _200\"></span>eign currency tr<span class=\"__2 _202\"></span>ansaction risk<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup operat<span class=\"__2 _200\"></span>es in differ<span class=\"__2 _200\"></span>ent markets, mainly within and selectiv<span class=\"__2 _202\"></span>ely outside of the Euro zone and gener<span class=\"__2 _200\"></span>ates significant tr<span class=\"__2 _200\"></span>ansactions and balances in v<span class=\"__2 _200\"></span>arious currencies and ther<span class=\"__2 _200\"></span>efor<span class=\"__2 _200\"></span>e is exposed to for<span class=\"__2 _202\"></span>eign currency risk. For<span class=\"__2 _202\"></span>eign currency tr<span class=\"__2 _200\"></span>ansaction risk only relat<span class=\"__2 _200\"></span>es to for<span class=\"__2 _200\"></span>eign curr<span class=\"__2 _200\"></span>ency items in curr<span class=\"__2 _200\"></span>encies other than the respectiv<span class=\"__2 _200\"></span>e Group c<span class=\"__2 _200\"></span>ompany's functional curr<span class=\"__2 _200\"></span>ency<span class=\"__2 _201\"></span>. Also, tr<span class=\"__2 _200\"></span>ansactions and loans betw<span class=\"__2 _200\"></span>een Group companies with diff<span class=\"__2 _200\"></span>erent functional curr<span class=\"__2 _200\"></span>encies crea<span class=\"__2 _200\"></span>te for<span class=\"__2 _200\"></span>eign currency tr<span class=\"__2 _200\"></span>ansaction risk. Multitude manages for<span class=\"__2 _200\"></span>eign currency tr<span class=\"__2 _202\"></span>ansaction risks through its tr<span class=\"__2 _200\"></span>easury risk management policy that aims to hedge and mitiga<span class=\"__2 _200\"></span>te the potential adv<span class=\"__2 _202\"></span>erse impact of fluctuations in foreign e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>change r<span class=\"__2 _200\"></span>ates betw<span class=\"__2 _200\"></span>een the Euro and other for<span class=\"__2 _200\"></span>eign curr<span class=\"__2 _200\"></span>encies that may impact pr<span class=\"__2 _200\"></span>ofit or loss.  As part of this policy<span class=\"__2 _201\"></span>, Group c<span class=\"__2 _200\"></span>ompanies enter into f<span class=\"__2 _200\"></span>oreign curr<span class=\"__2 _200\"></span>ency forw<span class=\"__2 _200\"></span>ard c<span class=\"__2 _200\"></span>ontracts t<span class=\"__2 _200\"></span>o hedge material loan and other balanc<span class=\"__2 _200\"></span>es (including inter<span class=\"__2 _200\"></span>company) tha<span class=\"__2 _200\"></span>t are not denominat<span class=\"__2 _200\"></span>ed in Euros. In acc<span class=\"__2 _200\"></span>ordanc<span class=\"__2 _200\"></span>e with the policy<span class=\"__2 _201\"></span>, the aim is to hedge close to 100% of the net e<span class=\"__2 _200\"></span>xposures. T<span class=\"__2 _200\"></span>he Group treasury polic<span class=\"__2 _200\"></span>y further requir<span class=\"__2 _200\"></span>es all Group c<span class=\"__2 _200\"></span>ompanies to apply rules of natur<span class=\"__2 _200\"></span>al hedging and optimal<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ly count<span class=\"__2 _200\"></span>erbalance significant for<span class=\"__2 _200\"></span>eign currenc<span class=\"__2 _200\"></span>y denominated tr<span class=\"__2 _200\"></span>ansactions and balances.<span class=\"__2 _25f\"> </span>As of 31 December 20<span class=\"__2 _200\"></span>23, and 2022, the Group\u2019<span class=\"__2 _202\"></span>s primary foreign e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>change transaction e<span class=\"__2 _202\"></span>xposure arises from monetary as<span class=\"__2 _200\"></span>sets and liabilities denominated in Sw<span class=\"__2 _202\"></span>edish Krona (\"SEK\"), Czech K<span class=\"__2 _200\"></span>oruna (\u201cCZK\u201d), Norw<span class=\"__2 _200\"></span>egian Krone (\u201cNOK\u201d) and Romanian Ne<span class=\"__2 _200\"></span>w Leu (\u201cRON\u201d) and acc<span class=\"__2 _200\"></span>ordingly<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup hedges the for<span class=\"__2 _200\"></span>eign currency e<span class=\"__2 _202\"></span>xchange risk<span class=\"__2 _200\"></span>s arising from the net assets denominat<span class=\"__2 _200\"></span>ed in these curr<span class=\"__2 _200\"></span>encies wherein. The follo<span class=\"__2 _202\"></span>wing tables include the estimated effect on the pr<span class=\"__2 _200\"></span>ofit for the period o<span class=\"__2 _200\"></span>wing to the w<span class=\"__2 _200\"></span>eak<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ening of the most significant for<span class=\"__2 _200\"></span>eign curr<span class=\"__2 _200\"></span>encies against the Group c<span class=\"__2 _200\"></span>ompany\u2019<span class=\"__2 _200\"></span>s functional currenc<span class=\"__2 _200\"></span>y<span class=\"__2 _201\"></span>. For other Gr<span class=\"__2 _200\"></span>oup companies and curr<span class=\"__2 _200\"></span>encies, the Leadership T<span class=\"__2 _210\"></span>eam has assessed that the impact of for<span class=\"__2 _200\"></span>eign ex<span class=\"__2 _202\"></span>change transaction risk is not significant. The sensitivities ha<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e been calculated based on a 10% mo<span class=\"__2 _200\"></span>vement in the f<span class=\"__2 _200\"></span>oreign e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>change ra<span class=\"__2 _200\"></span>tes, which Multitude has assessed t<span class=\"__2 _200\"></span>o be a reasonably possible change in the e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>change rat<span class=\"__2 _200\"></span>es. A corr<span class=\"__2 _200\"></span>esponding str<span class=\"__2 _200\"></span>engthening of the exposur<span class=\"__2 _200\"></span>e curr<span class=\"__2 _200\"></span>ency w<span class=\"__2 _200\"></span>ould hav<span class=\"__2 _200\"></span>e an appro<span class=\"__2 _202\"></span>ximately equal opposite impact. A negativ<span class=\"__2 _202\"></span>e (positive<span class=\"__2 _200\"></span>) amount in the table reflects a pot<span class=\"__2 _200\"></span>ential net loss (net gain) in the consolida<span class=\"__2 _200\"></span>ted stat<span class=\"__2 _200\"></span>ement of profit or loss.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s, at the le<span class=\"__2 _200\"></span>vel of the whole Gr<span class=\"__2 _200\"></span>oup, in which curr<span class=\"__2 _200\"></span>encies the monetary items ar<span class=\"__2 _200\"></span>e mainly held or issued and sensitivity analy<span class=\"__2 _200\"></span>sis as at 31 December 2023. <table class=\"s_1 w510 h93\" id=\"_45c970b0-eadc-4957-9f83-61bbb40974d5\"><tr><td class=\"c_1 n_1 x2c1 ydc1 w511 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2018000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a4 ydc1 w512 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a5 ydc1 w513 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">PLN<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a6 ydc1 w514 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">SEK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a7 ydc1 w3a6 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">CZK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a8 ydc1 w515 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">BGN<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a9 ydc1 w516 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">NOK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6aa ydc1 w517 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">DKK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ab ydc1 w518 h94\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">RON<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h2c_2 ydc2 ff3_2 fs9_2 fc1_2 sc0_2 ls78 ws1b7\">Financial<span class=\"__2 _200\"></span> assets at<span class=\"__2 _200\"></span> amortised c<span class=\"__2 _200\"></span>ost:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 ydc3 w519 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls79 ws1b8\">Loans<span class=\"__2 _200\"></span> to cu<span class=\"__2 _200\"></span>stomers<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ac ydc3 w51a h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls7a ws1b9\">1,<span class=\"__2 _203\"></span>360<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ad ydc3 w51b h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">19<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ae ydc3 w51c h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>6,<span class=\"__2 _203\"></span>026<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6af ydc3 w51d h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">11,<span class=\"__2 _203\"></span>232<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b0 ydc3 w124_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,017<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b1 ydc3 w3d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">7,<span class=\"__2 _212\"> </span>2<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b2 ydc3 w51e h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">7<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b3 ydc3 w51f h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">7,<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>7<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydc4 w520 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>ash a<span class=\"__2 _203\"></span>nd c<span class=\"__2 _203\"></span>as<span class=\"__2 _203\"></span>h eq<span class=\"__2 _203\"></span>uiv<span class=\"__2 _203\"></span>al<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b4 ydc4 w521 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">1<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>70<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b5 ydc4 w522 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">72<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b6 ydc4 w523 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>39<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b7 ydc4 w524 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>15<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b8 ydc4 w525 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6b9 ydc4 w526 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>50<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ba ydc4 w527 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6bb ydc4 w528 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>570<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydc5 w529 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls7b ws141_2\">To<span class=\"__2 _203\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6bc ydc5 w52a h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>030<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6bd ydc5 w52b h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>15<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6be ydc5 w52c h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">16<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,417<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6bf ydc5 w52d h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2b_2 ws54_2\">1<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c0 ydc5 w52e h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c1 ydc5 w52f h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,77<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c2 ydc5 w530 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls36_2 ws170_2\">81,982<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c3 ydc5 w531 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">12,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydc6 w532 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls79 ws1b8\">Inter<span class=\"__2 _200\"></span>company<span class=\"__2 _200\"></span> loans<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c4 ydc6 w533 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c5 ydc6 w533 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c6 ydc6 w534 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">20,<span class=\"__2 _203\"></span>275<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c7 ydc6 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c8 ydc6 w536 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6c9 ydc6 w537 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ca ydc6 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6cb ydc6 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydc7 w538 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">No<span class=\"__2 _203\"></span>tio<span class=\"__2 _203\"></span>nal o<span class=\"__2 _203\"></span>f de<span class=\"__2 _203\"></span>riva<span class=\"__2 _203\"></span>tive f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nc<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>l ins<span class=\"__2 _203\"></span>tru<span class=\"__2 _203\"></span>me<span class=\"__2 _203\"></span>nt<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6cc ydc7 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6cd ydc7 w539 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">62<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ce ydc7 w53a h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">150<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>32<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6cf ydc7 w53b h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">16,1<span class=\"__2 _200\"></span>79<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d0 ydc7 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d1 ydc7 w53c h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">8<span class=\"__2 _203\"></span>,76<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d2 ydc7 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d3 ydc7 w53d h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls7c ws1ba\">4,058<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydc9 w53e h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Re<span class=\"__2 _203\"></span>sid<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>l exp<span class=\"__2 _203\"></span>os<span class=\"__2 _203\"></span>ure<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d4 ydc9 w53f h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,03<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d5 ydc9 w3b9 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">293<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d6 ydc9 w540 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,9<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d7 ydc9 w541 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls65_2 ws53_2\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>832)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d8 ydc9 w542 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>63<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6d9 ydc9 w543 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6da ydc9 w544 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">81<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6db ydc9 w545 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h15_2 ydca ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cu<span class=\"__2 _203\"></span>rre<span class=\"__2 _203\"></span>nc<span class=\"__2 _203\"></span>y up by 1<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x6dc ydcc w546 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">30<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6dd ydcc w547 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6de ydcc w548 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>39<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6df ydcc w549 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls7d ws1bb\">(28<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e0 ydcc w54a h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e1 ydcc w54b h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e2 ydcc w54c h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e3 ydcc w54d h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">87<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h15_2 ydcd ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cu<span class=\"__2 _203\"></span>rre<span class=\"__2 _203\"></span>nc<span class=\"__2 _203\"></span>y down by 1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x6e4 ydce w54e h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls7e ws1bc\">(303)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e5 ydce w54f h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls7f ws1bd\">(2<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e6 ydce w368 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls2e_2 ws166_2\">(3,3<span class=\"__2 _203\"></span>96)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e7 ydce w550 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e8 ydce w551 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls2d_2 ws165_2\">(8<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6e9 ydce w552 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls80 ws12_2\">(1)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ea ydce w553 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls2d_2 ws165_2\">(8<span class=\"__2 _203\"></span>,19<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6eb ydce w554 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls7f ws1bd\">(<span class=\"__2 _203\"></span>879)<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s e<span class=\"__2 _200\"></span>xposure to the majority of f<span class=\"__2 _200\"></span>oreign curr<span class=\"__2 _200\"></span>ency denominat<span class=\"__2 _200\"></span>ed monetary items at consolida<span class=\"__2 _200\"></span>ted lev<span class=\"__2 _202\"></span>el, the hedging co<span class=\"__2 _200\"></span>ver<span class=\"__2 _202\"></span>age from for<span class=\"__2 _200\"></span>eign currency f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d contr<span class=\"__2 _200\"></span>acts and sensitiv<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ity analysis as a<span class=\"__2 _200\"></span>t 31 December 2022:<span class=\"__2 _25f\"> </span><table class=\"s_1 w555 h97\" id=\"_e8cd0cdf-6550-4101-80ec-95fbb6cff927\"><tr><td class=\"c_1 n_1 x2c1 ydcf w511 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2018000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ec ydcf w512 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ed ydcf w513 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">PLN<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ee ydcf w514 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">SEK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ef ydcf w3a6 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">CZK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f0 ydcf w515 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">BGN<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f1 ydcf w516 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">NOK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f2 ydcf w556 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">DKK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f3 ydcf w6a_1 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">HRK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f4 ydcf w518 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">RON<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h2c_2 ydd0 ff3_2 fs9_2 fc1_2 sc0_2 ls78 ws1b7\">Financial<span class=\"__2 _200\"></span> assets at<span class=\"__2 _200\"></span> amortised c<span class=\"__2 _200\"></span>ost:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 ydd1 w519 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls79 ws1b8\">Loans<span class=\"__2 _200\"></span> to cu<span class=\"__2 _200\"></span>stomers<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f5 ydd1 w557 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls29_2 ws162_2\">97<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f6 ydd1 w558 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>08<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f7 ydd1 w559 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls81 ws1be\">100,661<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f8 ydd1 w55a h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6f9 ydd1 w55b h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>63<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6fa ydd1 w55c h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">5,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>70<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6fb ydd1 w55d h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls36_2 wsee_2\">58,982<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6fc ydd1 w55e h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>86<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6fd ydd1 w55f h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydd2 w560 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls82 ws0_2\">C<span class=\"__2 _203\"></span>ash a<span class=\"__2 _203\"></span>nd c<span class=\"__2 _203\"></span>as<span class=\"__2 _203\"></span>h eq<span class=\"__2 _203\"></span>ui<span class=\"__2 _203\"></span>val<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6fe ydd2 w561 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _205\"></span>273<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6ff ydd2 w562 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x700 ydd2 w563 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">16,598<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x701 ydd2 w564 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">5,012<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x702 ydd2 w565 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">6<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x703 ydd2 w566 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">2<span class=\"__2 _203\"></span>,176<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x704 ydd2 w567 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls7c ws1ba\">4,222<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x705 ydd2 w568 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">65<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x706 ydd2 w569 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydd3 w529 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls7b ws141_2\">To<span class=\"__2 _203\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x707 ydd3 w56a h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>243<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x708 ydd3 w56b h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>55<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x709 ydd3 w56c h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>7,<span class=\"__2 _212\"> </span>2<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x70a ydd3 w56d h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3c_2 ws176_1\">15<span class=\"__2 _203\"></span>,656<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x70b ydd3 w56e h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x70c ydd3 w56f h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x70d ydd3 w570 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>3,<span class=\"__2 _205\"></span>20<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6fc ydd3 w571 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls7c ws1ba\">4,934<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x70e ydd3 w572 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>86<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydd4 w532 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls79 ws1b8\">Inter<span class=\"__2 _200\"></span>company<span class=\"__2 _200\"></span> loans<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x70f ydd4 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x710 ydd4 w573 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x711 ydd4 w574 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">20,19<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x712 ydd4 w575 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x713 ydd4 w576 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls83 ws1bf\">3<span class=\"__2 _205\"></span>,07<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x714 ydd4 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x715 ydd4 w537 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x716 ydd4 w537 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x717 ydd4 w577 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydd5 w538 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">No<span class=\"__2 _203\"></span>tio<span class=\"__2 _203\"></span>nal o<span class=\"__2 _203\"></span>f de<span class=\"__2 _203\"></span>riva<span class=\"__2 _203\"></span>tive f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nc<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>l ins<span class=\"__2 _203\"></span>tru<span class=\"__2 _203\"></span>me<span class=\"__2 _203\"></span>nt<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x718 ydd5 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x719 ydd5 w578 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>16<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x71a ydd5 w505 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>27<span class=\"__2 _200\"></span>,<span class=\"__2 _203\"></span>417<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x71b ydd5 w579 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>276<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x71c ydd5 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x71d ydd5 w57a h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>427<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x71e ydd5 w535 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x71f ydd5 w537 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x720 ydd5 w57b h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>04<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ydd6 w53e h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Re<span class=\"__2 _203\"></span>sid<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>l exp<span class=\"__2 _203\"></span>os<span class=\"__2 _203\"></span>ure<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x721 ydd6 w576 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>243<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x722 ydd6 w57c h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">19<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>84<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x723 ydd6 w57d h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls3c_2 ws176_1\">10,040<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x724 ydd6 w57e h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>60<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x725 ydd6 w56e h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">9,76<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x726 ydd6 w57f h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls84 ws1c0\">(3<span class=\"__2 _203\"></span>81)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x727 ydd6 w580 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls85 ws1c1\">63,<span class=\"__2 _203\"></span>204<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x728 ydd6 w581 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x729 ydd6 w582 h95\"><div class=\"t_2 m0_2 x13f_1 h2c_2 ydc8 ff3_2 fs9_2 fc1_2 sc0_2 ls51_2 ws189_1\">4,066<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h15_2 ydd7 ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cu<span class=\"__2 _203\"></span>rre<span class=\"__2 _203\"></span>nc<span class=\"__2 _203\"></span>y up by 1<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x72a ydd8 w583 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">324<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x72b ydd8 w584 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>90<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x72c ydd8 w585 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>04<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x72d ydd8 w586 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x72e ydd8 w587 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">97<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x72f ydd8 w588 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls7d ws1bb\">(3<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x730 ydd8 w589 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x731 ydd8 w58a h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">49<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x732 ydd8 w58b h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls4d_2 ws184_1\">4<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h15_2 ydd9 ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cu<span class=\"__2 _203\"></span>rre<span class=\"__2 _203\"></span>nc<span class=\"__2 _203\"></span>y down by 1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x733 ydda w110_1 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls86 ws1c2\">(3<span class=\"__2 _203\"></span>24)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x734 ydda w58c h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls7d ws1bb\">(<span class=\"__2 _203\"></span>1,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>08)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x735 ydda w58d h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls86 ws1c2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>04)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x736 ydda w566 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls7d ws1bb\">(2<span class=\"__2 _203\"></span>86<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x737 ydda w58e h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls87 ws1c3\">(977<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x738 ydda w58f h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x739 ydda w590 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls88 ws1c4\">(6,<span class=\"__2 _205\"></span>32<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x73a ydda w591 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls48_2 ws4f_2\">(4<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x73b ydda w592 h96\"><div class=\"t_2 m0_2 x13f_1 h2d_2 ydcb ff2_2 fsa_2 fc1_2 sc0_2 ls48_2 ws4f_2\">(4<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr></table><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb7_2 gs2fd\">The calculation includes curr<span class=\"__2 _202\"></span>ency hedges and assumes no changes in other underlying currencies. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14_2 gs2fe\">The curr<span class=\"__2 _200\"></span>ency effects ar<span class=\"__2 _200\"></span>e based on the statement of financial position e<span class=\"__2 _202\"></span>xposure at y<span class=\"__2 _200\"></span>ear end, hedg<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1ae_1 gs2ff\">ing le<span class=\"__2 _200\"></span>vels at the y<span class=\"__2 _202\"></span>ear end, and the assumption that the currenc<span class=\"__2 _200\"></span>y cash flow hedging le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>els and all </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws65_2 gs300\">other v<span class=\"__2 _200\"></span>ariables will remain cons<span class=\"__2 _200\"></span>tant during the next tw<span class=\"__2 _202\"></span>elve months. Hedging instruments include </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs301\">for<span class=\"__2 _200\"></span>eign currency f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d contr<span class=\"__2 _200\"></span>acts and disclosed in Notes 15 and 20<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs302\">4.3.<span class=\"__2 _202\"></span>1.2. Foreign curr<span class=\"__2 _200\"></span>ency risk - For<span class=\"__2 _200\"></span>eign currency tr<span class=\"__2 _200\"></span>anslation risk<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12f_2 gs303\">T<span class=\"__2 _201\"></span>ranslation risk arises fr<span class=\"__2 _200\"></span>om the tr<span class=\"__2 _200\"></span>anslation of the financial position of inv<span class=\"__2 _200\"></span>estments in for<span class=\"__2 _200\"></span>eign subsid<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1a_2 gs304\">iaries to pr<span class=\"__2 _200\"></span>esentation curr<span class=\"__2 _200\"></span>ency and impacts other compr<span class=\"__2 _200\"></span>ehensive inc<span class=\"__2 _200\"></span>ome. T<span class=\"__2 _210\"></span>o mitigate tr<span class=\"__2 _200\"></span>anslation </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7_2 gs305\">risk, the Group endea<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ors to fund assets in the same curr<span class=\"__2 _200\"></span>ency as the asset itself whene<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er it is </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb0_2 gs306\">economically feasible<span class=\"__2 _200\"></span>. The Gr<span class=\"__2 _200\"></span>oup may also enter int<span class=\"__2 _200\"></span>o for<span class=\"__2 _200\"></span>eign ex<span class=\"__2 _202\"></span>change forwar<span class=\"__2 _200\"></span>ds or for<span class=\"__2 _200\"></span>eign cur<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws38_2 gs307\">renc<span class=\"__2 _200\"></span>y denominated loans to hedge its net in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments in for<span class=\"__2 _200\"></span>eign entities with differ<span class=\"__2 _200\"></span>ent functional </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs308\">curr<span class=\"__2 _200\"></span>encies than the Group. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10d_2 gs309\">The sta<span class=\"__2 _200\"></span>tements of financial position of for<span class=\"__2 _200\"></span>eign subsidiaries are tr<span class=\"__2 _200\"></span>anslated int<span class=\"__2 _200\"></span>o Euro using e<span class=\"__2 _202\"></span>xchange </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa0_2 gs30a\">r<span class=\"__2 _200\"></span>ates pr<span class=\"__2 _200\"></span>ev<span class=\"__2 _200\"></span>ailing on the reporting dat<span class=\"__2 _200\"></span>e and their stat<span class=\"__2 _200\"></span>ements of profit or loss ar<span class=\"__2 _200\"></span>e tr<span class=\"__2 _200\"></span>anslated at spot </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws4e_2 gs30b\">e<span class=\"__2 _200\"></span>xchange r<span class=\"__2 _202\"></span>ates pre<span class=\"__2 _202\"></span>vailing at the dat<span class=\"__2 _200\"></span>es of the transactions. The r<span class=\"__2 _202\"></span>esulting translation differ<span class=\"__2 _200\"></span>ences ar<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws2b_2 gs30c\">rec<span class=\"__2 _200\"></span>orded in other c<span class=\"__2 _200\"></span>omprehensiv<span class=\"__2 _202\"></span>e income and accumulat<span class=\"__2 _200\"></span>ed in a separat<span class=\"__2 _200\"></span>e reserv<span class=\"__2 _202\"></span>e in shareholders\u2019 </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse0_2 gs30d\">equity<span class=\"__2 _201\"></span>. The same also applies for the tr<span class=\"__2 _200\"></span>anslation differ<span class=\"__2 _200\"></span>ences of intr<span class=\"__2 _200\"></span>a-group monetary it<span class=\"__2 _200\"></span>ems, whose </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7d_2 gs30e\">repa<span class=\"__2 _200\"></span>yment is neither planned nor lik<span class=\"__2 _200\"></span>ely to occur<span class=\"__2 _201\"></span>, and that f<span class=\"__2 _200\"></span>orm part of the net inv<span class=\"__2 _200\"></span>estment in a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsae_2 gs30f\">for<span class=\"__2 _200\"></span>eign operation. T<span class=\"__2 _200\"></span>hese cumulativ<span class=\"__2 _200\"></span>e differenc<span class=\"__2 _200\"></span>es materialise thr<span class=\"__2 _200\"></span>ough the profit or los<span class=\"__2 _200\"></span>s of the Group </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs310\">on the disposal, in whole or in part, of each for<span class=\"__2 _200\"></span>eign subsidiary<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs311\">The main curr<span class=\"__2 _200\"></span>encies creating tr<span class=\"__2 _202\"></span>anslation risk in the Group ar<span class=\"__2 _200\"></span>e present<span class=\"__2 _200\"></span>ed in the table below<span class=\"__2 _201\"></span>. </div><div class=\"gs312\"><table class=\"s_1 w593 h99\" id=\"_d80fa699-426f-465e-a441-362edf375164\"><tr><td></td><td class=\"c_1 n_1 x73c yddb w594 h77\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">CZK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x73d yddb w595 h77\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">CAD<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x73e yddb w596 h77\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">BRL<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x73f yddb w597 h77\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">MXN<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x740 yddb w598 h77\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">SEK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x741 yddb w599 h77\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">AU<span class=\"__2 _203\"></span>D<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 yddd w59a h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2018000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x742 yddd w59b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x743 yddd w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x744 yddd w59b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x745 yddd w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x746 yddd w59b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x747 yddd w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x748 yddd w59d h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x749 yddd w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x74a yddd w436 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x74b yddd w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x74c yddd w436 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x74d yddd w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ydde ff2_2 fs6_2 fc1_2 sc0_2 ls89 ws1c5\">T<span class=\"__2 _202\"></span>ranslation </td><td class=\"c_1 n_1 x74e yddf w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x74f yddf w59f h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls89 ws1c5\">152<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x750 yddf w5a0 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls32_2 ws16a_2\">51<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x751 yddf w5a0 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls32_2 ws16a_2\">51<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x752 yddf w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x753 yddf w5a1 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8a ws1c6\">(4<span class=\"__2 _203\"></span>2<span class=\"__2 _212\"></span>9<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x754 yddf w5a2 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">329<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x755 yddf w5a3 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">20<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x756 yddf w5a4 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8d wseb_2\">(3,<span class=\"__2 _203\"></span>456)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x757 yddf w5a5 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls13_2 wsd_2\">(9<span class=\"__2 _203\"></span>9<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x758 yddf w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x759 yddf w5a7 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8e ws1c9\">(<span class=\"__2 _203\"></span>55<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 yde0 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">res<span class=\"__2 _203\"></span>er<span class=\"__2 _203\"></span>ve in eq<span class=\"__2 _203\"></span>uit<span class=\"__2 _203\"></span>y<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"gs313\"><table class=\"s_1 w5a8 h9b\" id=\"_eeaa8fb2-c5b8-4d2b-9868-23d5cc1dc765\"><tr><td></td><td></td><td class=\"c_1 n_1 x75a yde1 w513 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">PLN<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x75b yde1 w5a9 h98\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">INR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x75c yde1 w518 h98\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">RON<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x75d yde1 w5aa h98\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x75e yde1 w5ab h98\" colspan=\"2\"><div class=\"t_2 m0_2 x13f_1 h2b_2 ydc0 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 yde2 w59a h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2018000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x742 yde2 w59b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x75f yde2 w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x760 yde2 w59b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x761 yde2 w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x762 yde2 w436 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x763 yde2 w5ac h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">20<span class=\"__2 _200\"></span>22<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x764 yde2 w436 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x765 yde2 w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x766 yde2 w436 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x767 yde2 w59c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 yde3 ff2_2 fs6_2 fc1_2 sc0_2 ls89 ws1c5\">T<span class=\"__2 _202\"></span>ranslation </td><td class=\"c_1 n_1 x74e yddf w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x768 yddf w5ad h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>22)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x769 yddf w5ae h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls13_2 wsd_2\">(<span class=\"__2 _203\"></span>20)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x76a yddf w5af h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8f ws1ca\">(5<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x76b yddf w5b0 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls13_2 wsd_2\">(<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x76c yddf w5b1 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls90 ws1cb\">(2<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x76d yddf w5b2 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls91 ws1cc\">(6<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x76e yddf w5b3 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls92 ws1cd\">110<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x76f yddf w5b4 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">(3,<span class=\"__2 _203\"></span>38<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x770 yddf w5b5 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls90 ws1cb\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>49)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 yde4 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">res<span class=\"__2 _203\"></span>er<span class=\"__2 _203\"></span>ve in eq<span class=\"__2 _203\"></span>uit<span class=\"__2 _203\"></span>y<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t_2 m0_2 h4_2 ff1_2 fs2_2 fc1_2 sc0_2 ls0_2 ws0_2 gs30_1\">4.3.2 Inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate risk<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff1_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs32_1\">4.3.2.<span class=\"__2 _202\"></span>1 Interest r<span class=\"__2 _202\"></span>ate risk management<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13_2 gs5a_1\">The Gr<span class=\"__2 _200\"></span>oup is exposed t<span class=\"__2 _200\"></span>o inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate risk, which c<span class=\"__2 _200\"></span>ould impact its net interes<span class=\"__2 _200\"></span>t income and the v<span class=\"__2 _200\"></span>alue </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws64_2 gs33_1\">of assets and liabilities thr<span class=\"__2 _200\"></span>ough its business activities. The main it<span class=\"__2 _200\"></span>ems exposing the Gr<span class=\"__2 _200\"></span>oup to the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws94_2 gs34_1\">inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate risk ar<span class=\"__2 _200\"></span>e  loans to cust<span class=\"__2 _200\"></span>omers, debt inv<span class=\"__2 _202\"></span>estments, deposits from cust<span class=\"__2 _200\"></span>omers as well as </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11_2 gs35_1\">issued debt securities. Curr<span class=\"__2 _200\"></span>ently<span class=\"__2 _201\"></span>, Group is e<span class=\"__2 _200\"></span>xposed to cash flo<span class=\"__2 _200\"></span>w inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate risk thr<span class=\"__2 _200\"></span>ough its float<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb_2 gs36_1\">ing inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate financial assets and liabilities, as w<span class=\"__2 _202\"></span>ell as pricing risk arising from the differ<span class=\"__2 _200\"></span>ences in </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws52_2 gs5b_1\">refinancing periods betw<span class=\"__2 _202\"></span>een its fixed r<span class=\"__2 _200\"></span>ate financial as<span class=\"__2 _200\"></span>sets and liabilities. How<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>er<span class=\"__2 _201\"></span>, the Leadership </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd5_2 gs37_1\">T<span class=\"__2 _210\"></span>eam does not currently consider the risk significant, and ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>dingly the risk is not hedged ev<span class=\"__2 _202\"></span>en </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs38_1\">though it is tak<span class=\"__2 _200\"></span>en into acc<span class=\"__2 _200\"></span>ount on Multitude Bank lev<span class=\"__2 _202\"></span>el in the regulatory capital r<span class=\"__2 _200\"></span>equirements<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc9_2 gs194\">The Gr<span class=\"__2 _200\"></span>oup rather aims t<span class=\"__2 _200\"></span>o keep the int<span class=\"__2 _200\"></span>eres<span class=\"__2 _200\"></span>t expenses s<span class=\"__2 _200\"></span>table by ent<span class=\"__2 _200\"></span>ering into long term fix<span class=\"__2 _202\"></span>ed rat<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd9_2 gs195\">financing, while also mitigating adv<span class=\"__2 _200\"></span>erse impacts arising from int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate fluctuations in the con<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsdc_2 gs3b_1\">solidated s<span class=\"__2 _200\"></span>tatements of pr<span class=\"__2 _200\"></span>ofit or loss, cash flo<span class=\"__2 _200\"></span>ws, and financial position b<span class=\"__2 _200\"></span>y having a balanced </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws118_2 gs3c_1\">portfolio of fix<span class=\"__2 _202\"></span>ed and floating rat<span class=\"__2 _200\"></span>e instruments. The combina<span class=\"__2 _200\"></span>tion of fixed and floa<span class=\"__2 _200\"></span>ting interes<span class=\"__2 _200\"></span>t </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa9_2 gs3d_1\">r<span class=\"__2 _200\"></span>ates is based on Euribor<span class=\"__2 _201\"></span>, which is the basic ra<span class=\"__2 _200\"></span>te of inter<span class=\"__2 _200\"></span>est used in lending betw<span class=\"__2 _200\"></span>een banks and is </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10c_2 gs2d5\">commonly used as a r<span class=\"__2 _200\"></span>efer<span class=\"__2 _200\"></span>ence for setting the int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate on loans within the European Union. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2d6\">Multitude does not use Interbank Off<span class=\"__2 _200\"></span>ered Rat<span class=\"__2 _200\"></span>es (IBORs) other than Euribor<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff1_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs40_1\">4.3.2.2 Inter<span class=\"__2 _200\"></span>est ra<span class=\"__2 _200\"></span>te risk measurement<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws8a_2 gs41_1\">The Gr<span class=\"__2 _200\"></span>oup analyses its int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate e<span class=\"__2 _200\"></span>xposures on a periodic basis. V<span class=\"__2 _201\"></span>arious scenarios are simula<span class=\"__2 _200\"></span>ted </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsfd_2 gs2d7\">considering r<span class=\"__2 _200\"></span>efinancing, rene<span class=\"__2 _200\"></span>wal of e<span class=\"__2 _202\"></span>xisting positions and alternativ<span class=\"__2 _200\"></span>e financing. Based on these </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa7_2 gs92\">scenarios, the Gr<span class=\"__2 _200\"></span>oup calculates the impact on pr<span class=\"__2 _200\"></span>ofit and loss of a defined int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate shift for </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsba_2 gs44_1\">the assets and liabilities held b<span class=\"__2 _200\"></span>y Multitude SE and Multitude Bank that constitut<span class=\"__2 _200\"></span>e the majority of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5d_2 gs1a_1\">inter<span class=\"__2 _200\"></span>est-bearing items with floa<span class=\"__2 _200\"></span>ting interes<span class=\"__2 _200\"></span>t rat<span class=\"__2 _200\"></span>es. The same int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _200\"></span>ate shift is used f<span class=\"__2 _200\"></span>or each sim<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1b_1\">ulation for all curr<span class=\"__2 _200\"></span>encies. The sc<span class=\"__2 _200\"></span>enarios are run for it<span class=\"__2 _200\"></span>ems that are subject t<span class=\"__2 _200\"></span>o daily ref<span class=\"__2 _200\"></span>erenc<span class=\"__2 _200\"></span>e rat<span class=\"__2 _200\"></span>es.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1f_2 gs1d_1\">The Gr<span class=\"__2 _200\"></span>oup keeps monit<span class=\"__2 _200\"></span>oring the materiality of int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate risk deriv<span class=\"__2 _200\"></span>ed from it<span class=\"__2 _200\"></span>ems rec<span class=\"__2 _200\"></span>ognised </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1ce gs4d_1\">in the stat<span class=\"__2 _200\"></span>ement of financial position on a regular basis and aims t<span class=\"__2 _200\"></span>o incorpor<span class=\"__2 _200\"></span>ate all significant </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs45_1\">changes of the business model int<span class=\"__2 _200\"></span>o the assessment.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11f_2 gs20_1\">The Gr<span class=\"__2 _200\"></span>oup's floating and fix<span class=\"__2 _200\"></span>ed rat<span class=\"__2 _200\"></span>e inter<span class=\"__2 _200\"></span>est-r<span class=\"__2 _200\"></span>ate position as per the y<span class=\"__2 _200\"></span>ear-end is present<span class=\"__2 _200\"></span>ed in the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsaa_2 gs21_1\">follo<span class=\"__2 _200\"></span>wing table. Floating r<span class=\"__2 _200\"></span>ate r<span class=\"__2 _200\"></span>efers to ins<span class=\"__2 _200\"></span>truments which are tied t<span class=\"__2 _200\"></span>o maximum 12 month Euribor<span class=\"__2 _201\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs51_1\">Non-inter<span class=\"__2 _200\"></span>est bearing r<span class=\"__2 _200\"></span>efer to z<span class=\"__2 _200\"></span>ero-c<span class=\"__2 _200\"></span>oupon products.<span class=\"__2 _25f\"> </span></div>Floating Fix<span class=\"__2 _200\"></span>ed<span class=\"__2 _25f\"> </span>Non-inter<span class=\"__2 _200\"></span>est UR \u2018000<span class=\"__2 _25f\"> </span>inter<span class=\"__2 _200\"></span>est rat<span class=\"__2 _200\"></span>e<span class=\"__2 _25f\"> </span>inter<span class=\"__2 _200\"></span>est rat<span class=\"__2 _200\"></span>e<span class=\"__2 _25f\"> </span>bearing<span class=\"__2 _25f\"> </span>Total<span class=\"__2 _25f\"> </span>31 December 2023<span class=\"__2 _25f\"> </span>Loans<span class=\"__2 _200\"></span> to c<span class=\"__2 _200\"></span>ustomers<span class=\"__2 _25f\"> </span>1<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>74<span class=\"__2 _25f\"> </span>4<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>7,<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>74<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>575,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>48<span class=\"__2 _25f\"> </span>C<span class=\"__2 _203\"></span>ash a<span class=\"__2 _203\"></span>nd c<span class=\"__2 _203\"></span>ash e<span class=\"__2 _203\"></span>qu<span class=\"__2 _203\"></span>ival<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>107<span class=\"__2 _25f\"> </span>283<span class=\"__2 _203\"></span>,605<span class=\"__2 _25f\"> </span>28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span>D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t inve<span class=\"__2 _203\"></span>st<span class=\"__2 _203\"></span>m<span class=\"__2 _203\"></span>en<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span>62,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>62,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span>Loa<span class=\"__2 _203\"></span>ns to rel<span class=\"__2 _203\"></span>ated p<span class=\"__2 _203\"></span>ar<span class=\"__2 _203\"></span>tie<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span>8<span class=\"__2 _203\"></span>,14<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>1,900<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>0,048<span class=\"__2 _25f\"> </span>Recei<span class=\"__2 _200\"></span>vables<span class=\"__2 _200\"></span> from b<span class=\"__2 _200\"></span>anks<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>4,<span class=\"__2 _203\"></span>362<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>4,3<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span>Derivative fina<span class=\"__2 _203\"></span>ncial asset<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>299<span class=\"__2 _25f\"> </span>299<span class=\"__2 _25f\"> </span>Receiv<span class=\"__2 _200\"></span>ables from sold<span class=\"__2 _200\"></span> por<span class=\"__2 _203\"></span>tfolios<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>47<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>47<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>Other<span class=\"__2 _200\"></span> recei<span class=\"__2 _200\"></span>vables<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>3,549<span class=\"__2 _25f\"> </span>3,549<span class=\"__2 _25f\"> </span>To<span class=\"__2 _203\"></span>t<span class=\"__2 _212\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>89<span class=\"__2 _203\"></span>,03<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span>463,543<span class=\"__2 _25f\"> </span>28<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>92<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span>9<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>Deposits<span class=\"__2 _200\"></span> from cust<span class=\"__2 _200\"></span>omers<span class=\"__2 _25f\"> </span>(<span class=\"__2 _200\"></span>8,80<span class=\"__2 _200\"></span>3)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>12<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>39<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span>De<span class=\"__2 _203\"></span>bt securiti<span class=\"__2 _203\"></span>es<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>8<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(47<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>8<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>Provis<span class=\"__2 _203\"></span>ion<span class=\"__2 _203\"></span>s, a<span class=\"__2 _203\"></span>ccr<span class=\"__2 _203\"></span>ual<span class=\"__2 _203\"></span>s an<span class=\"__2 _203\"></span>d othe<span class=\"__2 _203\"></span>r lia<span class=\"__2 _203\"></span>bil<span class=\"__2 _203\"></span>ities<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span>(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span>Lease liabilities<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>Derivative financial liabilities<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>323<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>323<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span>To<span class=\"__2 _203\"></span>t<span class=\"__2 _212\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span>(5<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span>(720,<span class=\"__2 _203\"></span>282)<span class=\"__2 _25f\"> </span>(25<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>02)<span class=\"__2 _25f\"> </span>(799,772)<span class=\"__2 _25f\"> </span>Net exposure<span class=\"__2 _25f\"> </span>135,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>(256,73<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span>26<span class=\"__2 _203\"></span>3,1<span class=\"__2 _203\"></span>27<span class=\"__2 _25f\"> </span>141,736<span class=\"__2 _25f\"> </span>31 December 2022<span class=\"__2 _25f\"> </span>Loans<span class=\"__2 _200\"></span> to c<span class=\"__2 _200\"></span>ustomers<span class=\"__2 _25f\"> </span>100,688<span class=\"__2 _25f\"> </span>40<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>5<span class=\"__2 _203\"></span>07,075<span class=\"__2 _25f\"> </span>C<span class=\"__2 _203\"></span>ash a<span class=\"__2 _203\"></span>nd c<span class=\"__2 _203\"></span>ash e<span class=\"__2 _203\"></span>qu<span class=\"__2 _203\"></span>ival<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>1,<span class=\"__2 _203\"></span>228<span class=\"__2 _25f\"> </span>152,09<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span>153<span class=\"__2 _203\"></span>,325<span class=\"__2 _25f\"> </span>D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t inve<span class=\"__2 _203\"></span>st<span class=\"__2 _203\"></span>m<span class=\"__2 _203\"></span>en<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span>2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span>Loa<span class=\"__2 _203\"></span>ns to rel<span class=\"__2 _203\"></span>ated p<span class=\"__2 _203\"></span>ar<span class=\"__2 _203\"></span>tie<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span>8<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>8<span class=\"__2 _203\"></span>,138<span class=\"__2 _25f\"> </span>Recei<span class=\"__2 _200\"></span>vables<span class=\"__2 _200\"></span> from b<span class=\"__2 _200\"></span>anks<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>4,<span class=\"__2 _203\"></span>362<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>4,<span class=\"__2 _203\"></span>362<span class=\"__2 _25f\"> </span>Derivative fina<span class=\"__2 _203\"></span>ncial asset<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>3,<span class=\"__2 _202\"></span>180<span class=\"__2 _25f\"> </span>3,180<span class=\"__2 _25f\"> </span>Receiv<span class=\"__2 _200\"></span>ables from sold<span class=\"__2 _200\"></span> por<span class=\"__2 _203\"></span>tfolios<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>2<span class=\"__2 _203\"></span>,26<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span>2,26<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span>Other<span class=\"__2 _200\"></span> recei<span class=\"__2 _200\"></span>vables<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>4<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span>4,6<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span>To<span class=\"__2 _203\"></span>t<span class=\"__2 _212\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span>12<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span>41<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>62,<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span>70<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span>Deposits<span class=\"__2 _200\"></span> from cust<span class=\"__2 _200\"></span>omers<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(<span class=\"__2 _202\"></span>497<span class=\"__2 _201\"></span>,0<span class=\"__2 _203\"></span>65)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _200\"></span>6,313)<span class=\"__2 _25f\"> </span>(503<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>78)<span class=\"__2 _25f\"> </span>De<span class=\"__2 _203\"></span>bt securiti<span class=\"__2 _203\"></span>es<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span>(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _203\"></span>7,<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>Provis<span class=\"__2 _203\"></span>ion<span class=\"__2 _203\"></span>s, a<span class=\"__2 _203\"></span>ccr<span class=\"__2 _203\"></span>ual<span class=\"__2 _203\"></span>s an<span class=\"__2 _203\"></span>d othe<span class=\"__2 _203\"></span>r lia<span class=\"__2 _203\"></span>bil<span class=\"__2 _203\"></span>ities<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>2,17<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>12<span class=\"__2 _203\"></span>,172)<span class=\"__2 _25f\"> </span>Lease liabilities<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"> </span>5<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"> </span>5<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>Derivative financial liabilities<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>-<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>To<span class=\"__2 _203\"></span>t<span class=\"__2 _212\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span>(4<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span>(18,93<span class=\"__2 _200\"></span>0<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span>(<span class=\"__2 _203\"></span>5<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>7<span class=\"__2 _212\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span>Net exposure<span class=\"__2 _25f\"> </span>85<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>417<span class=\"__2 _25f\"> </span>(92,<span class=\"__2 _203\"></span>553)<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>43<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>59<span class=\"__2 _25f\"> </span>1<span class=\"__2 _203\"></span>36<span class=\"__2 _203\"></span>,12<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span><div class=\"t_2 m0_2 hd_2 ff1_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs318\">4.3.2.3 Inter<span class=\"__2 _200\"></span>est ra<span class=\"__2 _200\"></span>te sensitivity analysis<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1e_2 gs2e7\">T<span class=\"__2 _210\"></span>aking cognisance of the natur<span class=\"__2 _200\"></span>e of Multitude\u2019<span class=\"__2 _200\"></span>s financial assets and liabilities, under the requir<span class=\"__2 _200\"></span>e<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11f_2 gs319\">ments of IFRS 7<span class=\"__2 _201\"></span>, a sensitivity analysis in r<span class=\"__2 _202\"></span>espect of interest r<span class=\"__2 _202\"></span>ate changes is applied in rela<span class=\"__2 _200\"></span>tion to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws102_2 gs31a\">all net floating r<span class=\"__2 _200\"></span>ate instruments t<span class=\"__2 _200\"></span>o which the Group is e<span class=\"__2 _202\"></span>xposed to. T<span class=\"__2 _200\"></span>hese instruments are the net </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5b_2 gs31b\">resultant of floa<span class=\"__2 _200\"></span>ting rat<span class=\"__2 _200\"></span>e assets, which mainly cons<span class=\"__2 _200\"></span>titute the surplus liquidity placed with banks, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws24_2 gs2eb\">loans to cus<span class=\"__2 _200\"></span>tomers, debt inv<span class=\"__2 _202\"></span>estments; and floating ra<span class=\"__2 _200\"></span>te liabilities, consis<span class=\"__2 _200\"></span>ting of funding through </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2ec\">bonds. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws111_2 gs31c\">A<span class=\"__2 _200\"></span>t the end of the reporting periods, if the int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _200\"></span>ates on the floa<span class=\"__2 _200\"></span>ting rat<span class=\"__2 _200\"></span>e instruments had </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws26_2 gs31d\">increased/<span class=\"__2 _201\"></span>decreased b<span class=\"__2 _200\"></span>y 100 basis points (assuming a par<span class=\"__2 _200\"></span>allel shift of 100 basis points in yields) </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1c_2 gs2ef\">with all other variables held c<span class=\"__2 _200\"></span>onstant, the pr<span class=\"__2 _200\"></span>e-tax result for the y<span class=\"__2 _202\"></span>ear for Multitude would change </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsae_2 gs2f0\">b<span class=\"__2 _200\"></span>y the following amounts det<span class=\"__2 _200\"></span>ermined by applying the shift t<span class=\"__2 _200\"></span>o the net variable int<span class=\"__2 _200\"></span>eres<span class=\"__2 _200\"></span>t exposur<span class=\"__2 _200\"></span>e at </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs31e\">the end of the reporting periods:<span class=\"__2 _25f\"> </span></div><div class=\"gs31f\"><table class=\"s_1 w60b ha0\" id=\"_30b499ed-339d-4653-ac1d-c0ead7ab07be\"><tr><td class=\"c_1 n_1 x140_1 ye0a w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7e7 ye0a w19c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023</div></td><td class=\"t_2 m0_2 x7e8 ha_2 ye0b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Restat<span class=\"__2 _200\"></span>ed </td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2d6 ha_2 ye0c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 ye0d w60c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 lsa4 ws1d9\">(+)<span class=\"__2 _205\"></span> 1<span class=\"__2 _212\"></span>0<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span> b<span class=\"__2 _212\"></span>p<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7e9 ye0d w60d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7ea ye0d w60e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">2,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w60f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 lsa5 ws1da\">(-)<span class=\"__2 _205\"></span> 1<span class=\"__2 _212\"></span>0<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span> b<span class=\"__2 _212\"></span>p<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7eb yae1 w610 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7ec yae1 w611 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr></table></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs114\">The amounts abo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e are not impact<span class=\"__2 _200\"></span>ed by int<span class=\"__2 _200\"></span>erc<span class=\"__2 _200\"></span>ompany funding arr<span class=\"__2 _200\"></span>angements.<span class=\"__2 _25f\"> </span></div>4.4 Liquidity risk<span class=\"fs3_2 fc1_2\"> </span>Liquidity risk is defined as the risk that the Gr<span class=\"__2 _200\"></span>oup does not hav<span class=\"__2 _200\"></span>e sufficient liquid financial resour<span class=\"__2 _200\"></span>c<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>es to meet obligations as<span class=\"__2 _200\"></span>sociated with financial liabilities settled b<span class=\"__2 _200\"></span>y delivering cash or another financial asset. Liquidity risk arises because of the possibility <span class=\"__2 _200\"></span>that the Group might be unable t<span class=\"__2 _200\"></span>o meet its payment obliga<span class=\"__2 _200\"></span>tions when they f<span class=\"__2 _200\"></span>all due as a result of mismat<span class=\"__2 _200\"></span>ches in the timing of the cash flo<span class=\"__2 _200\"></span>ws under both the normal and str<span class=\"__2 _200\"></span>ess circ<span class=\"__2 _200\"></span>umstances. T<span class=\"__2 _201\"></span>r<span class=\"__2 _200\"></span>ansactional liquidity risk is defined as the risk of e<span class=\"__2 _200\"></span>xec<span class=\"__2 _200\"></span>uting a financial transaction belo<span class=\"__2 _200\"></span>w fair mark<span class=\"__2 _200\"></span>et value or not being able t<span class=\"__2 _200\"></span>o e<span class=\"__2 _200\"></span>xec<span class=\"__2 _200\"></span>ute the tr<span class=\"__2 _200\"></span>ansaction within a specific period. The objectiv<span class=\"__2 _200\"></span>e of liquidity risk management is to maintain sufficient liquidity and to ensur<span class=\"__2 _200\"></span>e that it is readily a<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ailable without endangering its value t<span class=\"__2 _200\"></span>o av<span class=\"__2 _200\"></span>oid uncertainty r<span class=\"__2 _200\"></span>elated t<span class=\"__2 _200\"></span>o financial distres<span class=\"__2 _200\"></span>s at all times.<span class=\"__2 _25f\"> </span>T<span class=\"__2 _210\"></span>o mitigate potential risks, the Gr<span class=\"__2 _202\"></span>oup diversified funding sour<span class=\"__2 _200\"></span>ces be<span class=\"__2 _200\"></span>yond its c<span class=\"__2 _200\"></span>ore deposit base<span class=\"__2 _200\"></span>. Additionally<span class=\"__2 _201\"></span>, the<span class=\"__2 _200\"></span>y hav<span class=\"__2 _202\"></span>e adopted a policy that prioritises liquidity in asset management, monit<span class=\"__2 _200\"></span>oring future cash flo<span class=\"__2 _202\"></span>ws at the market le<span class=\"__2 _202\"></span>vel acr<span class=\"__2 _200\"></span>oss each opera<span class=\"__2 _200\"></span>ting entity<span class=\"__2 _201\"></span>. This ov<span class=\"__2 _202\"></span>ersight is consolidated centr<span class=\"__2 _200\"></span>ally by the Gr<span class=\"__2 _202\"></span>oup T<span class=\"__2 _202\"></span>reasury function. T<span class=\"__2 _200\"></span>he T<span class=\"__2 _201\"></span>reasury function diligently tr<span class=\"__2 _200\"></span>acks rolling for<span class=\"__2 _202\"></span>ecasts of liquidity requir<span class=\"__2 _200\"></span>ements, ensuring adequate cash r<span class=\"__2 _202\"></span>eserves to meet oper<span class=\"__2 _202\"></span>ational needs. The goal is to maintain a c<span class=\"__2 _200\"></span>omfortable margin f<span class=\"__2 _200\"></span>or debt facilities and other non-curr<span class=\"__2 _200\"></span>ent liabilities, pre<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>enting any br<span class=\"__2 _200\"></span>eaches in debt agreements. T<span class=\"__2 _200\"></span>he for<span class=\"__2 _200\"></span>ecasting proc<span class=\"__2 _200\"></span>ess tak<span class=\"__2 _200\"></span>es into acc<span class=\"__2 _200\"></span>ount the Group's debt fi<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>nancing plans, complianc<span class=\"__2 _200\"></span>e with debt co<span class=\"__2 _200\"></span>venants, adher<span class=\"__2 _202\"></span>ence to internal balanc<span class=\"__2 _200\"></span>e sheet ra<span class=\"__2 _200\"></span>tio targets, consider<span class=\"__2 _200\"></span>ation of legal and r<span class=\"__2 _200\"></span>egulatory r<span class=\"__2 _200\"></span>equirements, and management of curr<span class=\"__2 _200\"></span>ency res<span class=\"__2 _200\"></span>trictions. Collabor<span class=\"__2 _200\"></span>ating closely with Multitude Bank\u2019<span class=\"__2 _200\"></span>s T<span class=\"__2 _201\"></span>reasury<span class=\"__2 _201\"></span>, Group T<span class=\"__2 _201\"></span>reasury function w<span class=\"__2 _202\"></span>orks jointly to guar<span class=\"__2 _200\"></span>antee that the Gr<span class=\"__2 _200\"></span>oup remains sufficiently liquid. This c<span class=\"__2 _200\"></span>ollabora<span class=\"__2 _200\"></span>tive eff<span class=\"__2 _200\"></span>ort ensures a cohesiv<span class=\"__2 _202\"></span>e approach t<span class=\"__2 _200\"></span>o liquidity management acros<span class=\"__2 _200\"></span>s the organisation.<span class=\"__2 _25f\"> </span>The tables belo<span class=\"__2 _200\"></span>w show an analy<span class=\"__2 _202\"></span>sis financial of assets and financial liabilities present<span class=\"__2 _200\"></span>ed accor<span class=\"__2 _200\"></span>ding to when the<span class=\"__2 _200\"></span>y are e<span class=\"__2 _202\"></span>xpected to be r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ered or settled. W<span class=\"__2 _200\"></span>ith regar<span class=\"__2 _200\"></span>d to loans to cus<span class=\"__2 _200\"></span>tomers, deposits from c<span class=\"__2 _200\"></span>ustomers and issued debt securities the Gr<span class=\"__2 _202\"></span>oup uses the same basis of expected r<span class=\"__2 _200\"></span>epayment behaviour tha<span class=\"__2 _200\"></span>t was used for estima<span class=\"__2 _200\"></span>ting the effectiv<span class=\"__2 _200\"></span>e inter<span class=\"__2 _200\"></span>est ra<span class=\"__2 _200\"></span>te of each instrument, r<span class=\"__2 _200\"></span>espectively<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>Maturity analy<span class=\"__2 _200\"></span>sis of financial assets as at 31 Dec<span class=\"__2 _200\"></span>ember 2023 and 31 December 20<span class=\"__2 _200\"></span>22:<span class=\"__2 _25f\"> </span><table class=\"s_1 w612 ha1\" id=\"_0fce83a3-7409-4a75-a6b4-23e5138c0723\"><tr><td></td><td class=\"t_2 m0_2 x7ed h2b_2 ye0e ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">On </td><td class=\"t_2 m0_2 x7ee h2b_2 ye0e ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Within thr<span class=\"__2 _200\"></span>ee </td><td class=\"t_2 m0_2 x7ef h2b_2 ye0e ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Between </td><td class=\"t_2 m0_2 x7f0 h2b_2 ye0e ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Between </td><td class=\"t_2 m0_2 x3cf h2b_2 ye0e ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Between </td><td class=\"t_2 m0_2 x7f1 h2b_2 ye0e ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Over </td><td class=\"t_2 m0_2 x371 h2b_2 ye0e ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total </td></tr><tr><td class=\"t_2 m0_2 x2c4 h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2018000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x64c h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">demand<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x7f2 h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">months<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x672 h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">three months<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x7f0 h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">1-2 years<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x7f3 h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2-5 </td><td class=\"t_2 m0_2 x4c9 h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">5 years<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x7f4 h2b_2 ye0f ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">carrying </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x7f5 h2b_2 ye10 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">and one year<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x673 h2b_2 ye10 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">years<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x7f6 h2b_2 ye10 ff3_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye11 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2023<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye12 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>ash a<span class=\"__2 _203\"></span>nd c<span class=\"__2 _203\"></span>ash </td><td class=\"c_1 n_1 x7f7 ye13 w613 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls87 ws1c3\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7f8 ye13 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7f9 ye13 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7fa ye13 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7fb ye13 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7fc ye13 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7fd ye13 w5bf h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls87 ws1c3\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye14 ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">equiva<span class=\"__2 _203\"></span>lents<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye15 ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">Derivative fina<span class=\"__2 _203\"></span>ncial </td><td class=\"c_1 n_1 x237 ye16 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7fe ye16 w614 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">299<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7ff ye16 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x800 ye16 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x801 ye16 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x802 ye16 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x803 ye16 w5ca h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">299<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye17 ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">assets<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x2c1 ye18 w5b9 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls47_2 ws181_1\">Loans<span class=\"__2 _200\"></span> to c<span class=\"__2 _200\"></span>ustomers<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x804 ye18 w544 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">2,<span class=\"__2 _203\"></span>346<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x805 ye18 w615 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa7 ws1db\">12<span class=\"__2 _200\"></span>4,58<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x806 ye18 w616 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls7d ws1bb\">27<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>26<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x807 ye18 w617 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa3 ws1d8\">12<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>979<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x808 ye18 w618 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa0 ws92_2\">44,868<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x809 ye18 w619 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls71_1 ws1ac_1\">9<span class=\"__2 _200\"></span>,903<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x80a ye18 w61a h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls96 wsf6_2\">575<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>94<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye19 w5c0 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls62_2 ws19b_1\">D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t inve<span class=\"__2 _203\"></span>st<span class=\"__2 _203\"></span>m<span class=\"__2 _203\"></span>en<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x80b ye19 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x80c ye19 w61b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8f ws1ca\">1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>00<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x80d ye19 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x80e ye19 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x80f ye19 w3a7 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls80 ws12_2\">6<span class=\"__2 _203\"></span>1,014<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x810 ye19 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x811 ye19 w5c2 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8f ws1ca\">62,11<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye1a w61c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">Other<span class=\"__2 _200\"></span> financial<span class=\"__2 _200\"></span> assets<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x812 ye1a w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x813 ye1a w61d h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls13_2 wsd_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>476<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x814 ye1a w61e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls3d_2 ws9d_2\">3,54<span class=\"__2 _200\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x815 ye1a w61f h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls80 ws12_2\">10,04<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x816 ye1a w620 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _205\"></span>362<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x817 ye1a w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x818 ye1a w312 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>43<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye1b w621 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x819 ye1b w622 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls80 ws12_2\">286,05<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x81a ye1b w623 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls95 ws74_2\">1<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x81b ye1b w624 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls94 ws64_2\">2<span class=\"__2 _203\"></span>74<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x81c ye1b w625 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>33<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x81d ye1b wdc_1 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa3 ws1d8\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0,<span class=\"__2 _205\"></span>24<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x81e ye1b w619 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls71_1 ws1ac_1\">9<span class=\"__2 _200\"></span>,903<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x81f ye1b w626 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls97 ws1cf\">9<span class=\"__2 _203\"></span>41<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye1c ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2022<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye1d ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>ash a<span class=\"__2 _203\"></span>nd c<span class=\"__2 _203\"></span>ash </td><td class=\"c_1 n_1 x820 ye1e w627 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls15_2 ws1b_2\">153,325<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x821 ye1e w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x822 ye1e w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x823 ye1e w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x824 ye1e w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x825 ye1e w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x826 ye1e w196 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls15_2 ws1b_2\">153<span class=\"__2 _203\"></span>,325<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye1f ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">equiva<span class=\"__2 _203\"></span>lents<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye20 ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">Derivative fina<span class=\"__2 _203\"></span>ncial </td><td class=\"c_1 n_1 x237 ye21 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x827 ye21 w628 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">3,<span class=\"__2 _200\"></span>180<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x828 h8_2 ye20 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x829 ye21 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x82a ye21 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x82b ye21 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-</div></td><td class=\"t_2 m0_2 x82c h8_2 ye20 ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\"> 3,180<span class=\"__2 _202\"></span> </td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye22 ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">assets<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x2c1 ye23 w5b9 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls47_2 ws181_1\">Loans<span class=\"__2 _200\"></span> to c<span class=\"__2 _200\"></span>ustomers<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x804 ye23 w544 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">2,<span class=\"__2 _203\"></span>346<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x82d ye23 w629 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls92 ws1cd\">111,5<span class=\"__2 _203\"></span>43<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x82e ye23 w62a h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">239,72<span class=\"__2 _200\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x82f ye23 w62b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">96,408<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x830 ye23 w100_1 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls80 ws12_2\">40,<span class=\"__2 _203\"></span>505<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x831 ye23 w62c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">1<span class=\"__2 _203\"></span>6,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x832 ye23 w62d h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls97 ws1cf\">5<span class=\"__2 _203\"></span>07<span class=\"__2 _200\"></span>,<span class=\"__2 _203\"></span>075<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye24 w5c0 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls62_2 ws19b_1\">D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t inve<span class=\"__2 _203\"></span>st<span class=\"__2 _203\"></span>m<span class=\"__2 _203\"></span>en<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x80b ye24 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x833 ye24 w62e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls97 ws1cf\">3<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x834 ye24 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x835 ye24 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x836 ye24 w62f h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">20<span class=\"__2 _200\"></span>,800<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x837 ye24 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x838 ye24 w630 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls97 ws1cf\">21<span class=\"__2 _205\"></span>,1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye25 w61c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">Other<span class=\"__2 _200\"></span> financial<span class=\"__2 _200\"></span> assets<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x812 ye25 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x839 ye25 w631 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>26<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x83a ye25 w632 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x83b ye25 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws1dc\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x83c ye25 w633 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x83d ye25 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws1dc\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x83e ye25 w634 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls9b ws1d2\">1<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>413<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 yae1 w621 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x83f yae1 w5bb h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls9e ws6f_2\">155<span class=\"__2 _203\"></span>,67<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x840 yae1 w635 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls95 ws74_2\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>2<span class=\"__2 _205\"></span>9<span class=\"__2 _205\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x841 yae1 w636 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa3 ws1d8\">244<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x842 yae1 w637 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">96,408<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x843 yae1 w638 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">73<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>06<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x844 yae1 w639 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>54<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x845 yae1 w5f9 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa3 ws1d8\">70<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td></tr></table>Maturity analy<span class=\"__2 _200\"></span>sis of undiscount<span class=\"__2 _200\"></span>ed financial liabilities as at 31 December 2023 and 31 December 20<span class=\"__2 _200\"></span>22:<span class=\"__2 _25f\"> </span><table class=\"s_1 w63a ha2\" id=\"_2f7adb0d-748a-4954-8dca-247d8ab2e7d8\"><tr><td></td><td class=\"t_2 m0_2 x846 h8_2 ye26 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">On </td><td class=\"t_2 m0_2 x847 h8_2 ye26 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Within </td><td class=\"t_2 m0_2 x848 h8_2 ye26 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Between </td><td class=\"t_2 m0_2 x849 h8_2 ye26 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Between </td><td class=\"t_2 m0_2 x84a h8_2 ye26 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Between </td><td class=\"t_2 m0_2 x84b h8_2 ye26 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Over </td><td class=\"t_2 m0_2 x7f4 h8_2 ye26 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Carrying </td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye27 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2018000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x84c h8_2 ye27 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">de-<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x84d h8_2 ye27 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">three </td><td class=\"t_2 m0_2 x672 h8_2 ye27 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">three </td><td class=\"t_2 m0_2 x849 h8_2 ye27 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">1-2 years<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x84e h8_2 ye27 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">2-5 years<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x84f ye28 w63b h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">5 years<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x850 ye28 w621 h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total</div></td><td class=\"t_2 m0_2 x851 h8_2 ye27 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x852 h8_2 ye29 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">mand<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x62d h8_2 ye29 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">months<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x853 h8_2 ye29 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">months<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x854 h8_2 ye2a ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">and one </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x855 h8_2 ye2b ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">year<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye2c ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2023<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye2d ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">Derivative fina<span class=\"__2 _203\"></span>ncial </td><td class=\"c_1 n_1 x856 ye2e w59e h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x857 ye2e w63c h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>323<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x858 ye2e w59e h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x859 ye2e w59e h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x85a ye2e w5a6 h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x85b ye2e w5a6 h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x85c ye2e wcf_1 h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>323<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x85d ye2e wcf_1 h9e\"><div class=\"t_2 m0_2 x13f_1 h8_2 yde9 ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>323<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye2f ff2_2 fs6_2 fc1_2 sc0_2 ls9e ws6f_2\">liabilities<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye30 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Deposits from customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x777 ye31 w63d h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Principal<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x85e ye31 w63e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa7 ws1db\">34,382<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x85f ye31 w63f h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">114<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x860 ye31 w640 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls92 ws1cd\">333,139<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x861 ye31 w641 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8f ws1ca\">11<span class=\"__2 _203\"></span>2,17<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x862 ye31 w261 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls89 ws1c5\">138<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>211<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x863 ye31 w5bc h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x864 ye31 w642 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">732,290<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x865 ye31 w643 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">73<span class=\"__2 _203\"></span>2,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>50<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x777 ye32 w644 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Interests<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x866 ye32 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x867 ye32 w645 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">72<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x868 ye32 w646 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa8 ws1de\">882<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x869 ye32 w647 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls98 ws67_2\">1<span class=\"__2 _203\"></span>,30<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86a ye32 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86b ye32 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86c ye32 wbe_1 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">2,<span class=\"__2 _203\"></span>254<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86d ye32 w5bc h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye33 ff2_2 fs6_2 fc1_2 sc0_2 ls96 wsf6_2\">De<span class=\"__2 _203\"></span>bt securiti<span class=\"__2 _203\"></span>es:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x777 ye34 w63d h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Principal<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86e ye34 w59e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86f ye34 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x870 ye34 w59e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x871 ye34 w648 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">46,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x872 ye34 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x873 ye34 w649 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls89 ws1c5\">3<span class=\"__2 _203\"></span>,052<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x874 ye34 w64a h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">49,<span class=\"__2 _203\"></span>052<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x875 ye34 w14d_1 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls95 ws74_2\">4<span class=\"__2 _203\"></span>7,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x777 ye35 w644 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Interests<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x866 ye35 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x876 ye35 w64b h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">1,<span class=\"__2 _203\"></span>328<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x877 ye35 w64c h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa8 ws1de\">4,436<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x878 ye35 w64d h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa9 ws1df\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>42<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x879 ye35 w64e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls15_2 ws1b_2\">909<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87a ye35 w64f h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls15_2 ws1b_2\">1,<span class=\"__2 _203\"></span>515<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87b ye35 w650 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls80 ws12_2\">12,60<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87c ye35 w5bc h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye36 w651 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lease liabilities<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87d ye36 w59e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87e ye36 w3cc h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">69<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87f ye36 w652 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa9 ws1df\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x880 ye36 w653 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls96 wsf6_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>293<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x881 ye36 w654 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls32_2 ws16a_2\">2,046<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x882 ye36 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x883 ye36 w655 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls96 wsf6_2\">5,<span class=\"__2 _203\"></span>575<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x884 ye36 w656 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls92 ws1cd\">4,<span class=\"__2 _203\"></span>963<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye37 w657 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">Commit<span class=\"__2 _200\"></span>ments g<span class=\"__2 _200\"></span>iven<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x885 ye37 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x886 ye37 w658 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">8,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x887 ye37 w59e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x888 ye37 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x889 ye37 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x88a ye37 w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x88b ye37 w659 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">8,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x88c ye37 w5bc h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye38 w621 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x88d ye38 w65a h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa7 ws1db\">34,382<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x88e ye38 w65b h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsaa ws1e0\">12<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>802<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x88f ye38 w198 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls32_2 ws16a_2\">339<span class=\"__2 _200\"></span>,999<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x890 ye38 w197 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8f ws1ca\">1<span class=\"__2 _203\"></span>65<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x891 ye38 w65c h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls9b ws1d2\">141<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x892 ye38 w65d h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x893 ye38 w65e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">81<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,10<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x894 ye38 w65f h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls9b ws1d2\">7<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>41<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye39 ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2022<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye3a ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">Derivative fina<span class=\"__2 _203\"></span>ncial </td><td class=\"c_1 n_1 x856 ye3b w59e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x895 ye3b w660 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls32_2 ws16a_2\">4<span class=\"__2 _203\"></span>46<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x896 ye3b w59e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x897 ye3b w59e h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x898 ye3b w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x899 ye3b w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x89a ye3b w661 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>46<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x89b ye3b w662 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls32_2 ws16a_2\">446<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h8_2 ye3c ff2_2 fs6_2 fc1_2 sc0_2 ls9e ws6f_2\">liabilities<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye3d ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Deposits from customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x777 ye3e w63d h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Principal<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x89c ye3e w663 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">101<span class=\"__2 _203\"></span>,015<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x89d ye3e w664 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls9b ws1d2\">60<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>415<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x89e ye3e w665 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls92 ws1cd\">260,337<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x89f ye3e w666 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls80 ws12_2\">82<span class=\"__2 _203\"></span>,090<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a0 ye3e w5bc h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a1 ye3e w5bc h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a2 ye3e w667 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsab ws1e1\">5<span class=\"__2 _203\"></span>03,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a3 ye3e w668 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsab ws1e1\">5<span class=\"__2 _203\"></span>03<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>378<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x777 ye3f w644 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Interests<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x866 ye3f w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a4 ye3f w669 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls92 ws1cd\">33<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a5 ye3f w66a h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa2 ws1d7\">891<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a6 ye3f w66b h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa3 ws1d8\">824<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a7 ye3f w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a8 ye3f w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8a9 ye3f w66c h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls94 ws64_2\">1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>74<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8aa ye3f w5a6 h9f\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h8_2 ye40 ff2_2 fs6_2 fc1_2 sc0_2 ls96 wsf6_2\">De<span class=\"__2 _203\"></span>bt securiti<span class=\"__2 _203\"></span>es:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x777 ye41 w63d h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Principal<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86e ye41 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x86f ye41 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x870 ye41 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ab ye41 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ac ye41 w648 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">46,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ad ye41 w66d h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls89 ws1c5\">3<span class=\"__2 _203\"></span>,052<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ae ye41 w66e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8b ws1c7\">49,052<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8af ye41 w66f h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls95 ws74_2\">4<span class=\"__2 _203\"></span>7,<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>1<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x777 ye42 w644 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Interests<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x866 ye42 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b0 ye42 w670 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8f ws1ca\">1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b1 ye42 w671 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8f ws1ca\">4<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b2 ye42 w672 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa3 ws1d8\">5<span class=\"__2 _203\"></span>,76<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b3 ye42 w673 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsaa ws1e0\">5<span class=\"__2 _203\"></span>,028<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b4 ye42 w64f h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls15_2 ws1b_2\">1,<span class=\"__2 _203\"></span>515<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b5 ye42 w674 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls95 ws74_2\">1<span class=\"__2 _203\"></span>7,<span class=\"__2 _212\"> </span>5<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b6 ye42 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye43 w651 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lease liabilities<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87d ye43 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x87e ye43 w675 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls3d_2 ws9d_2\">544<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b7 ye43 w676 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls13_2 wsd_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b8 ye43 w677 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsac ws1e2\">1,683<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8b9 ye43 w55c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls13_2 wsd_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ba ye43 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8bb ye43 w678 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls87 ws1c3\">4,72<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8bc ye43 w679 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsac ws1e2\">4,<span class=\"__2 _203\"></span>566<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye44 w657 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">Commit<span class=\"__2 _200\"></span>ments g<span class=\"__2 _200\"></span>iven<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x885 ye44 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8bd ye44 w67a h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">7<span class=\"__2 _202\"></span>,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8be ye44 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8bf ye44 w59e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c0 ye44 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c1 ye44 w5bc h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c2 ye44 w67b h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa1 ws1d6\">7<span class=\"__2 _201\"></span>,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c3 ye44 w5a6 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 yae1 w621 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c4 yae1 w67c h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls99 ws1d0\">101<span class=\"__2 _203\"></span>,01<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c5 yae1 w67d h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls8c ws1c8\">69,<span class=\"__2 _203\"></span>53<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c6 yae1 w67e h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls32_2 ws16a_2\">266,<span class=\"__2 _203\"></span>511<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c7 yae1 w67f h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c8 yae1 w680 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>2,<span class=\"__2 _203\"></span>37<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8c9 yae1 w681 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x74b yae1 w682 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 lsa7 ws1db\">584,368<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ca yae1 w683 h9a\"><div class=\"t_2 m0_2 x13f_1 h8_2 yddc ff2_2 fs6_2 fc1_2 sc0_2 ls78 ws1b7\">555,<span class=\"__2 _203\"></span>360<span class=\"__2 _25f\"> </span></div></td></tr></table>The Gr<span class=\"__2 _200\"></span>oup addres<span class=\"__2 _200\"></span>ses this risk by maintaining a r<span class=\"__2 _200\"></span>obust shareholders' capital base tha<span class=\"__2 _200\"></span>t aligns with the de<span class=\"__2 _200\"></span>velopmental stage of its oper<span class=\"__2 _202\"></span>ations. Strat<span class=\"__2 _200\"></span>egic management of the asset base prioritises liquidity<span class=\"__2 _201\"></span>, with regular monit<span class=\"__2 _200\"></span>oring of future cash flo<span class=\"__2 _200\"></span>ws and changes in a<span class=\"__2 _200\"></span>vailable liquid as<span class=\"__2 _200\"></span>sets. As of December 31, 20<span class=\"__2 _200\"></span>23, and 2022, the Group mainly holds a pool of liquid as<span class=\"__2 _200\"></span>sets, primarily in the form of bank balances (<span class=\"__2 _202\"></span>cash and cash equivalent).<span class=\"__2 _25f\"> </span>The most of the Gr<span class=\"__2 _200\"></span>oup's financial liabilities consis<span class=\"__2 _200\"></span>t of customer deposits, r<span class=\"__2 _200\"></span>epresenting amounts o<span class=\"__2 _200\"></span>wed to c<span class=\"__2 _200\"></span>ustomers. T<span class=\"__2 _200\"></span>he Group's o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erar<span class=\"__2 _200\"></span>ching goal is to sustain an adequat<span class=\"__2 _200\"></span>e lev<span class=\"__2 _202\"></span>el of liquid assets, considering anticipat<span class=\"__2 _200\"></span>ed cash outflow<span class=\"__2 _200\"></span>s relat<span class=\"__2 _200\"></span>ed to cus<span class=\"__2 _200\"></span>tomer obligations and other liabilities.<span class=\"__2 _25f\"> </span>Deposits from c<span class=\"__2 _200\"></span>ustomers, r<span class=\"__2 _200\"></span>eflected in the table abo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e and consisting of cus<span class=\"__2 _200\"></span>tomer deposits, are not e<span class=\"__2 _200\"></span>xpected to be withdr<span class=\"__2 _202\"></span>awn in acc<span class=\"__2 _200\"></span>ordance with c<span class=\"__2 _200\"></span>ontractual t<span class=\"__2 _200\"></span>erms, taking cognisanc<span class=\"__2 _200\"></span>e of the nature of these instruments. Henc<span class=\"__2 _200\"></span>e, the Group is in a position t<span class=\"__2 _200\"></span>o manage liquidity risk due to maturity mismatches betw<span class=\"__2 _202\"></span>een deposits and loans to customers.<span class=\"__2 _25f\"> </span>4.5 Capital management<span class=\"fs3_2 fc1_2\"> </span>The primary objectiv<span class=\"__2 _200\"></span>es of the Group\u2019<span class=\"__2 _202\"></span>s capital management policy are to ensur<span class=\"__2 _202\"></span>e that it complies with e<span class=\"__2 _200\"></span>xternally imposed capital r<span class=\"__2 _200\"></span>equirements and maintains str<span class=\"__2 _200\"></span>ong credit r<span class=\"__2 _202\"></span>atings and healthy <span class=\"__2 _208\"></span><span class=\"ws0_2\"> </span>capital r<span class=\"__2 _200\"></span>atios in order t<span class=\"__2 _200\"></span>o support its business and to maximise shar<span class=\"__2 _200\"></span>eholder value<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup manages its capital structur<span class=\"__2 _200\"></span>e and adjusts acc<span class=\"__2 _200\"></span>ording to changes in ec<span class=\"__2 _200\"></span>onomic conditions and the risk charact<span class=\"__2 _200\"></span>eristics of its activities. T<span class=\"__2 _210\"></span>o maintain or adjust the capital structur<span class=\"__2 _200\"></span>e, the Gr<span class=\"__2 _200\"></span>oup may adjus<span class=\"__2 _200\"></span>t the amount of dividend payment to shar<span class=\"__2 _202\"></span>eholders, return capital to shar<span class=\"__2 _200\"></span>eholders or issue ne<span class=\"__2 _200\"></span>w capital securities. No changes hav<span class=\"__2 _202\"></span>e been made to the objectiv<span class=\"__2 _200\"></span>es, policies and proces<span class=\"__2 _200\"></span>ses from the pr<span class=\"__2 _200\"></span>e<span class=\"__2 _200\"></span>vious years. T<span class=\"__2 _200\"></span>hey ar<span class=\"__2 _200\"></span>e, ho<span class=\"__2 _200\"></span>we<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er<span class=\"__2 _201\"></span>, under constant r<span class=\"__2 _200\"></span>evie<span class=\"__2 _200\"></span>w b<span class=\"__2 _200\"></span>y the Board.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup's funding structur<span class=\"__2 _200\"></span>e and cost of capital ar<span class=\"__2 _200\"></span>e primarily comprised of deposits r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ed from c<span class=\"__2 _200\"></span>ustomers and issued financial ins<span class=\"__2 _200\"></span>truments such as Multitude SE 2022 senior unsecur<span class=\"__2 _200\"></span>ed bonds (present<span class=\"__2 _200\"></span>ed as debt securities in the consolidat<span class=\"__2 _200\"></span>ed stat<span class=\"__2 _200\"></span>ement of financial position) and <span class=\"__2 _208\"></span><span class=\"ws0_2\"> </span>Multitude Bank tranche bonds (pr<span class=\"__2 _202\"></span>esented as debt securities in the consolidat<span class=\"__2 _200\"></span>ed statement of <span class=\"__2 _208\"></span><span class=\"ws0_2\"> </span>financial position). T<span class=\"__2 _210\"></span>o generat<span class=\"__2 _200\"></span>e additional capitalisation, the Group issued perpetual bonds, <span class=\"__2 _d_2\"></span><span class=\"ws0_2\"> </span>acc<span class=\"__2 _200\"></span>ounted for as a separ<span class=\"__2 _200\"></span>ate line it<span class=\"__2 _200\"></span>em in equity part of the consolidat<span class=\"__2 _200\"></span>ed statement of financial position, with a nominal v<span class=\"__2 _200\"></span>alue of EUR 50 million on 5 July 2021. The carrying amounts, gr<span class=\"__2 _200\"></span>ouped by liquidity and int<span class=\"__2 _200\"></span>eres<span class=\"__2 _200\"></span>t charact<span class=\"__2 _200\"></span>eristics, of the Group's c<span class=\"__2 _200\"></span>osts of capital as compar<span class=\"__2 _200\"></span>ed to cash and cash equiv<span class=\"__2 _200\"></span>alents (\"net debt\"), and the mo<span class=\"__2 _200\"></span>vements f<span class=\"__2 _200\"></span>or the years ended and as at 31 December ar<span class=\"__2 _200\"></span>e as follo<span class=\"__2 _200\"></span>ws:<span class=\"__2 _25f\"> </span><table class=\"s_1 w684 ha3\" id=\"_9d61f66c-becc-476a-bf82-ab0d5c40be83\"><tr><td class=\"c_1 n_1 x140_1 ye45 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8cb ye45 w19c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8cc ye45 w685 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e ye46 w4b1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>ash an<span class=\"__2 _203\"></span>d ca<span class=\"__2 _203\"></span>sh eq<span class=\"__2 _203\"></span>uival<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8cd ye46 w198 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ce ye46 w4b2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e ye47 w686 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>bt, du<span class=\"__2 _203\"></span>e within 1 year<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8cf ye47 w687 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>4<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>5<span class=\"__2 _212\"></span>2<span class=\"__2 _205\"></span>3<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d0 ye47 w688 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>2<span class=\"__2 _205\"></span>,<span class=\"__2 _a0_2\"> </span>3<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>2<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e yd69 w689 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>bt, du<span class=\"__2 _203\"></span>e af<span class=\"__2 _203\"></span>ter 1 year<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d1 yd69 w68a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(29<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>32)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d2 yd69 w68b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(<span class=\"__2 _203\"></span>128<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>401)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e yd6a w68c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Per<span class=\"__2 _203\"></span>petua<span class=\"__2 _203\"></span>l bon<span class=\"__2 _203\"></span>ds with n<span class=\"__2 _203\"></span>o matur<span class=\"__2 _203\"></span>ity d<span class=\"__2 _203\"></span>ate<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d3 yd6a w68d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">(<span class=\"__2 _201\"></span>45,<span class=\"__2 _200\"></span>000<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d4 yd6a w68e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(50,00<span class=\"__2 _203\"></span>0<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 ye48 w68f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Net deb<span class=\"__2 _200\"></span>t<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d5 ye48 w690 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">(54<span class=\"__2 _200\"></span>1<span class=\"__2 _203\"></span>,443)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d6 ye48 w691 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls67_2 ws19f_1\">(<span class=\"__2 _201\"></span>44<span class=\"__2 _200\"></span>7<span class=\"__2 _201\"></span>,468)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e yd6c w4b1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>ash an<span class=\"__2 _203\"></span>d ca<span class=\"__2 _203\"></span>sh eq<span class=\"__2 _203\"></span>uival<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8cd yd6c w198 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d7 yd6c w199 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e yd6d w692 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>bt - fixed intere<span class=\"__2 _203\"></span>st rates<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d8 yd6d w693 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d9 yd6d w694 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e ye49 w695 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>bt - floa<span class=\"__2 _203\"></span>ting intere<span class=\"__2 _203\"></span>st rates<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8da ye49 w696 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8db ye49 w697 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">(<span class=\"__2 _200\"></span>94,517)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x30e yd6f w698 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>bt - non<span class=\"__2 _203\"></span>-intere<span class=\"__2 _203\"></span>st be<span class=\"__2 _203\"></span>arin<span class=\"__2 _203\"></span>g<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8dc yd6f w699 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8dd yd6f w69a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">(<span class=\"__2 _202\"></span>6,<span class=\"__2 _203\"></span>31<span class=\"__2 _200\"></span>3)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x2c1 yae1 w68f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Net deb<span class=\"__2 _200\"></span>t<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d5 yae1 w690 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">(54<span class=\"__2 _200\"></span>1<span class=\"__2 _203\"></span>,443)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8d6 yae1 w69b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">(4<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>7,<span class=\"__2 _212\"></span>4<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>9<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr></table>In addition to managing capital at the Gr<span class=\"__2 _200\"></span>oup le<span class=\"__2 _200\"></span>vel as described abo<span class=\"__2 _202\"></span>ve, Multitude Bank moni<span class=\"ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></span>tors its capital r<span class=\"__2 _200\"></span>equirements in c<span class=\"__2 _200\"></span>ompliance with applicable r<span class=\"__2 _200\"></span>egulations by the Malta Financial<span class=\"__2 _200\"></span> Services A<span class=\"__2 _200\"></span>uthority (MFSA) due to the banking lic<span class=\"__2 _200\"></span>ense. Multitude Bank is r<span class=\"__2 _200\"></span>equired to <span class=\"__2 _200\"></span>maintain a ra<span class=\"__2 _200\"></span>tio of total r<span class=\"__2 _200\"></span>egulatory capital to risk<span class=\"__2 _200\"></span>-w<span class=\"__2 _200\"></span>eighted assets (\u201cCapital r<span class=\"__2 _200\"></span>equir<span class=\"__2 _200\"></span>ements ratio\u201d) as w<span class=\"__2 _200\"></span>ell as a CET 1 capital r<span class=\"__2 _200\"></span>atio abov<span class=\"__2 _202\"></span>e a minimum lev<span class=\"__2 _200\"></span>el as prescribed b<span class=\"__2 _202\"></span>y banking regulations. The capital<span class=\"__2 _200\"></span> requir<span class=\"__2 _200\"></span>ements r<span class=\"__2 _200\"></span>atio expr<span class=\"__2 _202\"></span>esses own funds as a pr<span class=\"__2 _200\"></span>oportion of risk-w<span class=\"__2 _202\"></span>eighted assets and off-balance<span class=\"__2 _200\"></span> sheet items in r<span class=\"__2 _200\"></span>elation to cr<span class=\"__2 _200\"></span>edit risk together with notional risk<span class=\"__2 _200\"></span>-w<span class=\"__2 _200\"></span>eighted assets in r<span class=\"__2 _200\"></span>espect of oper<span class=\"__2 _200\"></span>ational risk. Capital adequacy and the use of r<span class=\"__2 _200\"></span>egulatory capital ar<span class=\"__2 _200\"></span>e monitor<span class=\"__2 _200\"></span>ed on an ongoing basis by the management of Bank, emplo<span class=\"__2 _200\"></span>ying techniques based on the guidelines de<span class=\"__2 _200\"></span>veloped b<span class=\"__2 _202\"></span>y the Basel Committ<span class=\"__2 _200\"></span>ee and the European Union Dir<span class=\"__2 _200\"></span>ectives and r<span class=\"__2 _200\"></span>egulations, as implemented b<span class=\"__2 _202\"></span>y the MFSA for supervisory purposes. Multitude Bank has proc<span class=\"__2 _200\"></span>esses t<span class=\"__2 _200\"></span>o ensure that the e<span class=\"__2 _200\"></span>xternal capital r<span class=\"__2 _200\"></span>equire<span class=\"ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></span>ments are met, and during the <span class=\"__2 _200\"></span>financial year ended 31 Dec<span class=\"__2 _200\"></span>ember 2023 and 2022 Multitude Bank has met all e<span class=\"__2 _200\"></span>xternal capital r<span class=\"__2 _200\"></span>equirements.<span class=\"__2 _25f\"> </span>In addition, Multitude Bank is requir<span class=\"__2 _200\"></span>ed to fulfil its P<span class=\"__2 _200\"></span>ayment Commitment r<span class=\"__2 _200\"></span>equirements under<span class=\"__2 _200\"></span> the Depositor C<span class=\"__2 _200\"></span>ompensation Scheme (DCS). The DCS pr<span class=\"__2 _200\"></span>ovides c<span class=\"__2 _200\"></span>ompensation, up to a c<span class=\"__2 _200\"></span>ertain limit, to eligible cus<span class=\"__2 _200\"></span>tomers of the cr<span class=\"__2 _200\"></span>edit institutions that are unable<span class=\"__2 _200\"></span>, or likely t<span class=\"__2 _200\"></span>o be unable, to pa<span class=\"__2 _200\"></span>y claims against them.<span class=\"__2 _25f\"> </span>Ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to bond documentation Multitude SE is obliged t<span class=\"__2 _200\"></span>o ensure that the Gr<span class=\"__2 _200\"></span>oup\u2019<span class=\"__2 _200\"></span>s consolidat<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ed equity is maintained at certain le<span class=\"__2 _202\"></span>vels on each r<span class=\"__2 _200\"></span>eporting date. T<span class=\"__2 _200\"></span>hese measurements include a Maintenanc<span class=\"__2 _200\"></span>e Co<span class=\"__2 _200\"></span>venant. The Maint<span class=\"__2 _200\"></span>enance Co<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>enant shall be calculated based on the ac<span class=\"__2 _200\"></span>counting standar<span class=\"__2 _200\"></span>ds of IFRS applica<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ble to the Gr<span class=\"__2 _200\"></span>oup and test<span class=\"__2 _200\"></span>ed by r<span class=\"__2 _200\"></span>efer<span class=\"__2 _200\"></span>ence t<span class=\"__2 _200\"></span>o each of the consolidated financial s<span class=\"__2 _200\"></span>tatements on each ref<span class=\"__2 _200\"></span>erenc<span class=\"__2 _200\"></span>e date with r<span class=\"__2 _200\"></span>espect to the r<span class=\"__2 _200\"></span>eferenc<span class=\"__2 _200\"></span>e period ending on such ref<span class=\"__2 _200\"></span>erence da<span class=\"__2 _200\"></span>te. T<span class=\"__2 _200\"></span>he first test date w<span class=\"__2 _200\"></span>as 31 December 2022. Multitude SE shall ensur<span class=\"__2 _202\"></span>e that the consolidated Net E<span class=\"__2 _200\"></span>quity Ratio as defined in the rele<span class=\"__2 _202\"></span>vant bond term is at leas<span class=\"__2 _200\"></span>t 18% at all times. Restrict<span class=\"__2 _200\"></span>ed Distributions, such as dividend payments, ar<span class=\"__2 _202\"></span>e limited to 50% of the Gr<span class=\"__2 _200\"></span>oup's pre<span class=\"__2 _200\"></span>vious y<span class=\"__2 _200\"></span>ear's net profit. Distribution of mor<span class=\"__2 _200\"></span>e than 50% of net pr<span class=\"__2 _200\"></span>ofit is permitted in case a Distribution T<span class=\"__2 _210\"></span>est is met as defined in the bond terms. F<span class=\"__2 _200\"></span>or the purpose of the Distribution T<span class=\"__2 _210\"></span>est the Net Equity Ratio should be more than 25%. Net E<span class=\"__2 _200\"></span>quity Ratio is 30.2% as of 31 Dec<span class=\"__2 _200\"></span>ember 2022 and 26.<span class=\"__2 _200\"></span>0% as of 31 December 20<span class=\"__2 _200\"></span>23. <table class=\"s_1 w69c ha4\" id=\"_f50fb7c6-db7d-4eeb-9505-8b354dae28e8\"><tr><td class=\"c_1 n_1 x2c1 ye4b w69d ha5\"><div class=\"t_2 m0_2 x13f_1 h1c_2 ye4a ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2018000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8de ye4b w69e ha5\"><div class=\"t_2 m0_2 x13f_1 h1c_2 ye4a ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cash</div></td><td class=\"t_2 m0_2 x8df h1c_2 ye4c ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross debt, </td><td class=\"t_2 m0_2 x8e0 h1c_2 ye4d ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross debt, </td><td class=\"t_2 m0_2 x4c8 h1c_2 ye4e ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Perpetual </td><td class=\"t_2 m0_2 x8e1 h1c_2 ye4e ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net debt<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x8e2 h1c_2 ye4f ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">and cash </td><td class=\"t_2 m0_2 x8e3 h1c_2 ye50 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">due within 1 </td><td class=\"t_2 m0_2 x472 h1c_2 ye51 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">due after 1 </td><td class=\"t_2 m0_2 x8e4 h1c_2 ye52 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">bonds<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x8e5 h1c_2 ye53 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">equivalents<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30b h1c_2 ye54 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">y<span class=\"__2 _200\"></span>ear<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x8e6 h1c_2 ye55 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">y<span class=\"__2 _200\"></span>ear<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ye56 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">AS A<span class=\"__2 _200\"></span>T 1 JAN<span class=\"__2 _203\"></span>UARY 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x8e7 ye57 w69f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">301<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>592<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8e8 ye57 w6a0 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">(<span class=\"__2 _202\"></span>486,342)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8e9 ye57 w6a1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ea ye57 w6a2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls75 ws1b3_1\">(5<span class=\"__2 _200\"></span>0,000<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8eb ye57 w6a3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">(3<span class=\"__2 _203\"></span>76<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>52<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x777 ye59 w6a4 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsad ws1e5\">Pro<span class=\"__2 _203\"></span>cee<span class=\"__2 _203\"></span>ds f<span class=\"__2 _203\"></span>rom d<span class=\"__2 _203\"></span>ebt s<span class=\"__2 _203\"></span>ecu<span class=\"__2 _203\"></span>riti<span class=\"__2 _203\"></span>es<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ec ye59 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ed ye59 wd4_1 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsae ws1e6\">8<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ee ye59 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ef ye59 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f0 ye59 wd4_1 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsae ws1e6\">8<span class=\"__2 _203\"></span>7,<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x777 ye5a w6a6 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsd_2 ws56_2\">Repa<span class=\"__2 _200\"></span>yment<span class=\"__2 _200\"></span> of deb<span class=\"__2 _200\"></span>t secu<span class=\"__2 _200\"></span>rit<span class=\"__2 _200\"></span>ies<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f1 ye5a w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f2 ye5a w6a7 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsaf ws1e7\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f3 ye5a w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f4 ye5a w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f5 ye5a w6a8 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsaf ws1e7\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 ye5c w6a9 ha6\"><div class=\"t_2 m0_2 x8f6 h13_2 ye5b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net d<span class=\"__2 _203\"></span>ec<span class=\"__2 _203\"></span>reas<span class=\"__2 _203\"></span>e in de<span class=\"__2 _203\"></span>pos<span class=\"__2 _203\"></span>its f<span class=\"__2 _203\"></span>rom<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb0 ws1e8\">cust<span class=\"__2 _200\"></span>omers<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f7 ye5d w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f8 ye5d w6aa h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">15<span class=\"__2 _203\"></span>9,02<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f9 ye5d w460 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb1 ws1e9\">1<span class=\"__2 _200\"></span>3,371<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8fa ye5d w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8fb ye5d w6ab h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">17<span class=\"__2 _203\"></span>2,<span class=\"__2 _203\"></span>39<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x8fc h13_2 ye5e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net d<span class=\"__2 _203\"></span>ec<span class=\"__2 _203\"></span>reas<span class=\"__2 _203\"></span>e in ca<span class=\"__2 _203\"></span>sh an<span class=\"__2 _203\"></span>d ca<span class=\"__2 _203\"></span>sh </td><td class=\"c_1 n_1 x8fd ye5f w6ac h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb3 ws1eb\">(<span class=\"__2 _203\"></span>14<span class=\"__2 _205\"></span>4,<span class=\"__2 _205\"></span>33<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8fe ye5f w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8ff ye5f w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x900 ye5f w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x901 ye5f w6ad h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb3 ws1eb\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4,<span class=\"__2 _205\"></span>33<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h13_2 ye60 ff2_2 fs8_2 fc1_2 sc0_2 lsb2 ws1ea\">equ<span class=\"__2 _203\"></span>ivalent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x777 ye61 w6ae h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Forei<span class=\"__2 _200\"></span>gn ex<span class=\"__2 _200\"></span>change adjustments<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x902 ye61 w6af h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb4 ws1ec\">(3,9<span class=\"__2 _200\"></span>29<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x903 ye61 w6b0 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x904 ye61 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x905 ye61 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x906 ye61 w6b1 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb4 ws1ec\">(3,92<span class=\"__2 _200\"></span>9<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ye62 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _202\"></span>T 3<span class=\"__2 _203\"></span>1 DE<span class=\"__2 _203\"></span>CE<span class=\"__2 _203\"></span>MB<span class=\"__2 _203\"></span>E<span class=\"__2 _203\"></span>R 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x907 ye63 w6b2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">15<span class=\"__2 _203\"></span>3,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>25<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x908 ye63 w6b3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"> </span>,<span class=\"__2 _212\"> </span>3<span class=\"__2 _212\"></span>9<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x909 ye63 w6b4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">(128,<span class=\"__2 _200\"></span>40<span class=\"__2 _200\"></span>1)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x90a ye63 w6a2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls75 ws1b3_1\">(5<span class=\"__2 _200\"></span>0,000<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x90b ye63 w691 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls67_2 ws19f_1\">(<span class=\"__2 _201\"></span>44<span class=\"__2 _200\"></span>7<span class=\"__2 _201\"></span>,468)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x777 ye64 w6b5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb5 ws1ed\">Repa<span class=\"__2 _200\"></span>yment o<span class=\"__2 _200\"></span>f perpet<span class=\"__2 _200\"></span>ual bonds<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x90c ye64 w6b6 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x90d ye64 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x90e ye64 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x90f ye64 w6b7 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb6 ws1ee\">5<span class=\"__2 _203\"></span>,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x910 ye64 w6b8 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb6 ws1ee\">5,000<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 ye65 w6b9 ha6\"><div class=\"t_2 m0_2 x8f6 h13_2 ye5b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net i<span class=\"__2 _203\"></span>ncre<span class=\"__2 _203\"></span>ase i<span class=\"__2 _203\"></span>n de<span class=\"__2 _203\"></span>posit<span class=\"__2 _203\"></span>s fro<span class=\"__2 _203\"></span>m<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb0 ws1e8\">cust<span class=\"__2 _200\"></span>omers<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x8f7 ye66 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x911 ye66 w6ba h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb7 ws1ef\">(<span class=\"__2 _200\"></span>62,13<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x912 ye66 w6bb h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsae ws1e6\">(<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>7,<span class=\"__2 _a0_2\"> </span>2<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x913 ye66 w6b0 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x914 ye66 w6bc h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb8 ws1f0\">(22<span class=\"__2 _203\"></span>9,<span class=\"__2 _205\"></span>36<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x8fc h13_2 ye67 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net i<span class=\"__2 _203\"></span>ncre<span class=\"__2 _203\"></span>ase i<span class=\"__2 _203\"></span>n ca<span class=\"__2 _203\"></span>sh an<span class=\"__2 _203\"></span>d ca<span class=\"__2 _203\"></span>sh </td><td class=\"c_1 n_1 x915 ye68 w6bd h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb9 ws1f1\">13<span class=\"__2 _203\"></span>0,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>41<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x916 ye68 w6b0 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x917 ye68 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x918 ye68 w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x919 ye68 w347 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsb9 ws1f1\">13<span class=\"__2 _203\"></span>0,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>41<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 h13_2 ye69 ff2_2 fs8_2 fc1_2 sc0_2 lsb2 ws1ea\">equ<span class=\"__2 _203\"></span>ivalent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x777 ye6a w6ae h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Forei<span class=\"__2 _200\"></span>gn ex<span class=\"__2 _200\"></span>change adjustments<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x91a ye6a w6be h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsba ws1f2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x91b ye6a w6a5 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x91c ye6a w6b0 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x91d ye6a w6b0 h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x7c6 ye6a w6be h77\"><div class=\"t_2 m0_2 x13f_1 h13_2 ye58 ff2_2 fs8_2 fc1_2 sc0_2 lsba ws1f2\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ye6b ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _202\"></span>T 3<span class=\"__2 _203\"></span>1 DE<span class=\"__2 _203\"></span>CE<span class=\"__2 _203\"></span>MB<span class=\"__2 _203\"></span>E<span class=\"__2 _203\"></span>R 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x91e yae1 w6bf h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">283<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x91f yae1 w6c0 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _205\"></span>8<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"> </span>5<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x920 yae1 w6c1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">(295,632<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x921 yae1 w6c2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls75 ws1b3_1\">(<span class=\"__2 _201\"></span>45,000<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x922 yae1 w6c3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">(541,443)<span class=\"__2 _25f\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "<div class=\"t_2 m0_2 h4_2 ff1_2 fs2_2 fc0_2 sc0_2 ls0_2 ws0_2 gs41_1\">4.2 Credit risk<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs43_1\">4.2.<span class=\"__2 _202\"></span>1 Introduction<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7b_2 gs44_1\">The Gr<span class=\"__2 _200\"></span>oup takes on e<span class=\"__2 _202\"></span>xposure to cr<span class=\"__2 _200\"></span>edit risk, which is the risk that a c<span class=\"__2 _200\"></span>ounterparty will cause a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1a_1\">financial loss for the Gr<span class=\"__2 _200\"></span>oup b<span class=\"__2 _200\"></span>y failing to dischar<span class=\"__2 _200\"></span>ge an obligation.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb6_2 gs1c_1\">Credit risk is the mos<span class=\"__2 _200\"></span>t important risk for the Group\u2019<span class=\"__2 _202\"></span>s business and; accor<span class=\"__2 _200\"></span>dingly the Group car<span class=\"__2 _202\"></span>efully </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf3_2 gs1d_1\">manages its e<span class=\"__2 _200\"></span>xposure t<span class=\"__2 _200\"></span>o this risk. Credit e<span class=\"__2 _200\"></span>xposure arises principally thr<span class=\"__2 _200\"></span>ough the Group\u2019<span class=\"__2 _202\"></span>s lending </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1e_1\">activities in v<span class=\"__2 _200\"></span>arious European countries, t<span class=\"__2 _200\"></span>ogether with the placement of liquidity with banks.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws123_2 gs1f_1\">The Gr<span class=\"__2 _200\"></span>oup is also exposed t<span class=\"__2 _200\"></span>o credit risk arising fr<span class=\"__2 _200\"></span>om its e<span class=\"__2 _200\"></span>xposure t<span class=\"__2 _200\"></span>o debt inv<span class=\"__2 _200\"></span>estments. The </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd_2 gs20_1\">inv<span class=\"__2 _202\"></span>estments reflect the Gr<span class=\"__2 _200\"></span>oup's acquisition of secur<span class=\"__2 _200\"></span>ed bonds. Such bonds are principally secur<span class=\"__2 _200\"></span>ed </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws124_2 gs21_1\">b<span class=\"__2 _200\"></span>y loan portfolios which are pledged in f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our of the Group and ar<span class=\"__2 _202\"></span>e subject to a number of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsda_2 gs22_1\">co<span class=\"__2 _202\"></span>venants including pr<span class=\"__2 _200\"></span>edetermined r<span class=\"__2 _200\"></span>atios of ageing portfolios and adv<span class=\"__2 _200\"></span>ance r<span class=\"__2 _200\"></span>ates. Such co<span class=\"__2 _202\"></span>venants </div>are monit<span class=\"__2 _200\"></span>ored on a r<span class=\"__2 _200\"></span>egular basis b<span class=\"__2 _200\"></span>y Group\u2019<span class=\"__2 _200\"></span>s Risk Management function. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, the Group also has additional collat<span class=\"__2 _200\"></span>eral in the f<span class=\"__2 _200\"></span>orm of cash deposited in its acc<span class=\"__2 _200\"></span>ounts and/<span class=\"__2 _201\"></span>or pledged financial instruments in its f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our in respect of each in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment.<span class=\"__2 _25f\"> </span>4.2.2 Credit risk management<span class=\"__2 _25f\"> </span>In 2023, the C<span class=\"__2 _200\"></span>O<span class=\"__2 _200\"></span>VID-19 pandemic's influenc<span class=\"__2 _200\"></span>e, which had been dominant in pr<span class=\"__2 _200\"></span>eceding financial y<span class=\"__2 _200\"></span>ears, diminished. Economic r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery across the v<span class=\"__2 _202\"></span>arious regions where the Gr<span class=\"__2 _202\"></span>oup operates approached pr<span class=\"__2 _200\"></span>e-pandemic le<span class=\"__2 _200\"></span>vels seen in early 20<span class=\"__2 _200\"></span>20. Ho<span class=\"__2 _200\"></span>we<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er<span class=\"__2 _201\"></span>, heightened economic unc<span class=\"__2 _200\"></span>ertainty returned in 20<span class=\"__2 _200\"></span>23 due to geopolitical de<span class=\"__2 _200\"></span>velopments s<span class=\"__2 _200\"></span>temming fr<span class=\"__2 _200\"></span>om military conflicts betw<span class=\"__2 _200\"></span>een Russia and Ukr<span class=\"__2 _200\"></span>aine since February 20<span class=\"__2 _200\"></span>22, and Israel and P<span class=\"__2 _200\"></span>alestine since Sept<span class=\"__2 _200\"></span>ember 2023. These e<span class=\"__2 _200\"></span>vents globally incr<span class=\"__2 _200\"></span>eased inflationary pres<span class=\"__2 _200\"></span>sures, leading C<span class=\"__2 _200\"></span>entral Banks lik<span class=\"__2 _200\"></span>e the European C<span class=\"__2 _200\"></span>entral Bank to implement specific monetary policy measur<span class=\"__2 _202\"></span>es, notably raising inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ates, t<span class=\"__2 _200\"></span>o regulat<span class=\"__2 _200\"></span>e demand and mitigate infla<span class=\"__2 _200\"></span>tion. In response, se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral go<span class=\"__2 _202\"></span>vernments implemented v<span class=\"__2 _202\"></span>arying lev<span class=\"__2 _200\"></span>els of fiscal measures t<span class=\"__2 _200\"></span>o mitigate pric<span class=\"__2 _200\"></span>es and support their economies, particularly addr<span class=\"__2 _200\"></span>essing energy price v<span class=\"__2 _202\"></span>olatility<span class=\"__2 _202\"></span>. This ne<span class=\"__2 _200\"></span>w economic landscape br<span class=\"__2 _200\"></span>ought about increased unc<span class=\"__2 _200\"></span>ertainties affecting disposable incomes of households, individuals, and SMEs acr<span class=\"__2 _200\"></span>oss differ<span class=\"__2 _200\"></span>ent European t<span class=\"__2 _200\"></span>erritories, repr<span class=\"__2 _200\"></span>esenting the Gr<span class=\"__2 _200\"></span>oup's customer base.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup engages in a proc<span class=\"__2 _200\"></span>ess of macroec<span class=\"__2 _200\"></span>onomic for<span class=\"__2 _200\"></span>ecasting and modelling to asses<span class=\"__2 _200\"></span>s how the Group\u2019<span class=\"__2 _202\"></span>s different geogr<span class=\"__2 _200\"></span>aphical portfolios ar<span class=\"__2 _200\"></span>e affected b<span class=\"__2 _200\"></span>y current and futur<span class=\"__2 _202\"></span>e economic de<span class=\"__2 _200\"></span>velopments. T<span class=\"__2 _200\"></span>he model considers the equiv<span class=\"__2 _200\"></span>alent of a \u2018Macro Exposur<span class=\"__2 _200\"></span>e Scor<span class=\"__2 _200\"></span>e\u2019 to each country b<span class=\"__2 _200\"></span>y factoring se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral par<span class=\"__2 _200\"></span>ameters, including actual pa<span class=\"__2 _200\"></span>yment behaviour tr<span class=\"__2 _200\"></span>ends, inflation, other macro indicators and go<span class=\"__2 _202\"></span>vernment aid. Based on the asses<span class=\"__2 _200\"></span>sments of the outcomes of the modelling proc<span class=\"__2 _200\"></span>ess, the Gr<span class=\"__2 _200\"></span>oup may e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ecute str<span class=\"__2 _202\"></span>ategic decisions to tight<span class=\"__2 _200\"></span>en lending in certain mark<span class=\"__2 _200\"></span>ets where the model indicates unf<span class=\"__2 _200\"></span>av<span class=\"__2 _202\"></span>ourable e<span class=\"__2 _200\"></span>xpectations. This pr<span class=\"__2 _200\"></span>ocess further assis<span class=\"__2 _200\"></span>ts the Group t<span class=\"__2 _200\"></span>o monitor its cust<span class=\"__2 _200\"></span>omer payment beha<span class=\"__2 _200\"></span>viour in different t<span class=\"__2 _200\"></span>erritories and enables agile action wher<span class=\"__2 _200\"></span>e circums<span class=\"__2 _200\"></span>tances neces<span class=\"__2 _200\"></span>sitated the tightening or loosening of underwriting sc<span class=\"__2 _200\"></span>orecar<span class=\"__2 _200\"></span>ds acc<span class=\"__2 _200\"></span>ordingly<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s lending activities c<span class=\"__2 _200\"></span>omprise the granting of unsecur<span class=\"__2 _202\"></span>ed short-term micro-cr<span class=\"__2 _200\"></span>edit facilities, medium-term and long-t<span class=\"__2 _200\"></span>erm credit pr<span class=\"__2 _200\"></span>oducts with instalment r<span class=\"__2 _200\"></span>epayment featur<span class=\"__2 _200\"></span>es, and re<span class=\"__2 _202\"></span>volving credit f<span class=\"__2 _200\"></span>acilities to individual cus<span class=\"__2 _200\"></span>tomers and SMEs in specific European jurisdictions. All loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers are gr<span class=\"__2 _200\"></span>anted on the basis of the out<span class=\"__2 _200\"></span>come of the scoring model, depending on the loan type, and the rules embedded within the cr<span class=\"__2 _200\"></span>edit policy<span class=\"__2 _201\"></span>. Each lending transaction and the r<span class=\"__2 _200\"></span>elated agreement ar<span class=\"__2 _200\"></span>e determined on the s<span class=\"__2 _200\"></span>trength of an individual cr<span class=\"__2 _200\"></span>edit decision.  The cr<span class=\"__2 _200\"></span>editworthines<span class=\"__2 _200\"></span>s of potential cust<span class=\"__2 _200\"></span>omers is assessed b<span class=\"__2 _200\"></span>y ref<span class=\"__2 _200\"></span>erenc<span class=\"__2 _200\"></span>e to the calculation of a cr<span class=\"__2 _200\"></span>edit scor<span class=\"__2 _200\"></span>e for each loan application r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ed and based on the cust<span class=\"__2 _200\"></span>omer<span class=\"__2 _203\"></span>\u2019s specific affor<span class=\"__2 _200\"></span>dability<span class=\"__2 _201\"></span>. The rele<span class=\"__2 _202\"></span>vant credit <span class=\"__2 _200\"></span>score is c<span class=\"__2 _200\"></span>omputed thr<span class=\"__2 _200\"></span>ough the application scor<span class=\"__2 _200\"></span>ecard f<span class=\"__2 _200\"></span>or first time cust<span class=\"__2 _200\"></span>omers and through the beha<span class=\"__2 _200\"></span>viour scor<span class=\"__2 _200\"></span>ecard f<span class=\"__2 _200\"></span>or repeat cus<span class=\"__2 _200\"></span>tomers. Based on the cr<span class=\"__2 _200\"></span>edit scor<span class=\"__2 _200\"></span>e regist<span class=\"__2 _200\"></span>ered, cust<span class=\"__2 _200\"></span>omers are gr<span class=\"__2 _200\"></span>ouped into risk classes. T<span class=\"__2 _200\"></span>he respectiv<span class=\"__2 _200\"></span>e risk class det<span class=\"__2 _200\"></span>ermines the maximum credit amount allo<span class=\"__2 _200\"></span>wable for each cus<span class=\"__2 _200\"></span>tomer<span class=\"__2 _201\"></span>. The sc<span class=\"__2 _200\"></span>oring model and linked sc<span class=\"__2 _200\"></span>orecar<span class=\"__2 _200\"></span>ds are monit<span class=\"__2 _200\"></span>ored b<span class=\"__2 _200\"></span>y the Risk management function of the Group. T<span class=\"__2 _200\"></span>hese are applied in all jurisdictions in which the Group oper<span class=\"__2 _202\"></span>ates with specific adaptations at country le<span class=\"__2 _202\"></span>vel taking cognisanc<span class=\"__2 _200\"></span>e of the differ<span class=\"__2 _200\"></span>ent charact<span class=\"__2 _200\"></span>eristics of each mark<span class=\"__2 _200\"></span>et; with the adaptations being centr<span class=\"__2 _200\"></span>ally appro<span class=\"__2 _202\"></span>ved.  The sc<span class=\"__2 _200\"></span>orecar<span class=\"__2 _200\"></span>ds are r<span class=\"__2 _200\"></span>evie<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ed on an ongoing basis by the Leadership T<span class=\"__2 _210\"></span>eam and updated ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to mark<span class=\"__2 _200\"></span>et trends, political cir<span class=\"__2 _200\"></span>cumstances in the particular jurisdiction, legisla<span class=\"__2 _200\"></span>tive and ec<span class=\"__2 _200\"></span>onomic changes.<span class=\"__2 _25f\"> </span><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls13_2 wsc_2 gs28_1\">Expected cr<span class=\"__2 _200\"></span>edit loss (ECL) allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es are calculat<span class=\"__2 _200\"></span>ed in respect of the Gr<span class=\"__2 _200\"></span>oup\u2019s short-t<span class=\"__2 _200\"></span>erm micro-cr<span class=\"__2 _200\"></span>edit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls13_2 ws102_2 gs29_1\">facilities, other medium-t<span class=\"__2 _200\"></span>erm and long-term cr<span class=\"__2 _200\"></span>edit products with instalment r<span class=\"__2 _200\"></span>epayment f<span class=\"__2 _200\"></span>eatures and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls13_2 ws105_2 gs2a_1\">re<span class=\"__2 _202\"></span>volving cr<span class=\"__2 _200\"></span>edit facilities at a collectiv<span class=\"__2 _202\"></span>e portfolio lev<span class=\"__2 _202\"></span>el, as accor<span class=\"__2 _200\"></span>ding to loan type, the portf<span class=\"__2 _200\"></span>olios consist </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls13_2 ws63_2 gs2b_1\">of a large pool of homogeneous loans which b<span class=\"__2 _202\"></span>y nature cannot be consider<span class=\"__2 _200\"></span>ed individually significant. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb8_2 gs58_1\">The model c<span class=\"__2 _200\"></span>onsiders the equivalent of a \u2018Macr<span class=\"__2 _200\"></span>o Exposure Sc<span class=\"__2 _200\"></span>ore\u2019 t<span class=\"__2 _200\"></span>o each country b<span class=\"__2 _200\"></span>y factoring </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws51_2 gs2c_1\">se<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>al par<span class=\"__2 _200\"></span>ameters, including actual payment beha<span class=\"__2 _200\"></span>viour trends, <span class=\"__2 _200\"></span>inflation, other macro indicat<span class=\"__2 _200\"></span>ors </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf1_2 gs2d_1\">and go<span class=\"__2 _200\"></span>vernment aid. Based on the as<span class=\"__2 _200\"></span>sessments of the outc<span class=\"__2 _200\"></span>omes of the modelling proc<span class=\"__2 _200\"></span>ess, the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws118_2 gs59_1\">Group ma<span class=\"__2 _200\"></span>y e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ecute str<span class=\"__2 _200\"></span>ategic decisions t<span class=\"__2 _200\"></span>o tighten lending in c<span class=\"__2 _200\"></span>ertain markets wher<span class=\"__2 _200\"></span>e the model </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls13_2 ws9c_2 gs2e_1\">in<span class=\"__2 _203\"></span>d<span class=\"__2 _203\"></span>ic<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>s <span class=\"__2 _203\"></span>u<span class=\"__2 _203\"></span>nfavo<span class=\"__2 _203\"></span>ura<span class=\"__2 _203\"></span>bl<span class=\"__2 _203\"></span>e <span class=\"__2 _203\"></span>exp<span class=\"__2 _203\"></span>e<span class=\"__2 _203\"></span>ct<span class=\"__2 _203\"></span>at<span class=\"__2 _203\"></span>io<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>s.<span class=\"__2 _203\"></span> The Group\u2019<span class=\"__2 _200\"></span>s ECL methodology is set out in detail in Note 4.2.5 </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls13_2 wsd_2 gs2f_1\">belo<span class=\"__2 _200\"></span>w<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws18_2 gs31_1\">The Gr<span class=\"__2 _200\"></span>oup has a formal rigor<span class=\"__2 _200\"></span>ous debt collection pr<span class=\"__2 _200\"></span>ocess that pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vides for the wa<span class=\"__2 _200\"></span>y the Group deals </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse5_2 gs32_1\">with past due loans t<span class=\"__2 _200\"></span>o customers. T<span class=\"__2 _200\"></span>his proces<span class=\"__2 _200\"></span>s is supported b<span class=\"__2 _200\"></span>y proc<span class=\"__2 _200\"></span>edures for use within the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7e_2 gs5a_1\">oper<span class=\"__2 _200\"></span>ations in the respectiv<span class=\"__2 _200\"></span>e territ<span class=\"__2 _200\"></span>ories. The pr<span class=\"__2 _200\"></span>ocedur<span class=\"__2 _200\"></span>es highlight the prescribed actions, channels </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12f_2 gs33_1\">and mechanisms utilised to follo<span class=\"__2 _202\"></span>w up on outstanding exposur<span class=\"__2 _200\"></span>es indicating the pr<span class=\"__2 _200\"></span>ecise point in time </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs34_1\">at which the r<span class=\"__2 _200\"></span>espective actions ar<span class=\"__2 _200\"></span>e taken and alloca<span class=\"__2 _200\"></span>ting roles and r<span class=\"__2 _200\"></span>esponsibilities in this respect. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsad_2 gs36_1\">These pr<span class=\"__2 _200\"></span>ocedur<span class=\"__2 _200\"></span>es also focus on the e<span class=\"__2 _200\"></span>xtent to which c<span class=\"__2 _200\"></span>ollection activities are carried out b<span class=\"__2 _202\"></span>y the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs5b_1\">Group and the s<span class=\"__2 _200\"></span>tage or phase at which e<span class=\"__2 _200\"></span>xternal collection c<span class=\"__2 _200\"></span>ompanies are utilised. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsfc_2 gs38_1\">The Gr<span class=\"__2 _200\"></span>oup also enters into sale arr<span class=\"__2 _202\"></span>angements with third parties for the tr<span class=\"__2 _200\"></span>ansfer of outstanding </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa4_2 gs39_1\">balances in r<span class=\"__2 _200\"></span>espect of certain cr<span class=\"__2 _200\"></span>edit products gr<span class=\"__2 _200\"></span>anted in specific t<span class=\"__2 _200\"></span>erritories once such balanc<span class=\"__2 _200\"></span>es </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse2_2 gs194\">reach pr<span class=\"__2 _200\"></span>e-established trigger points in t<span class=\"__2 _200\"></span>erms of day<span class=\"__2 _200\"></span>s past due. Such tr<span class=\"__2 _200\"></span>ansfers tak<span class=\"__2 _200\"></span>e place at pr<span class=\"__2 _200\"></span>e-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14_2 gs195\">established le<span class=\"__2 _200\"></span>vels of c<span class=\"__2 _200\"></span>onsidera<span class=\"__2 _200\"></span>tion. These arr<span class=\"__2 _200\"></span>angements constitut<span class=\"__2 _200\"></span>e an intrinsic part of the Group\u2019<span class=\"__2 _200\"></span>s </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3b_1\">management of past due and non-performing as<span class=\"__2 _200\"></span>sets.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3d_1\">Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws120_2 gs55_1\">The debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments repr<span class=\"__2 _200\"></span>esent the acquisition b<span class=\"__2 _200\"></span>y the Group of secur<span class=\"__2 _200\"></span>ed bonds issued b<span class=\"__2 _200\"></span>y corpor<span class=\"__2 _200\"></span>ate </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws2a_2 gs3e_1\">entities. These in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments are e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>aluated and asses<span class=\"__2 _200\"></span>sed at inception in or<span class=\"__2 _200\"></span>der to determine the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf7_2 gs3f_1\">credit quality of the in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment and potential cr<span class=\"__2 _200\"></span>edit risks that ma<span class=\"__2 _200\"></span>y arise. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, on an ongoing </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf9_2 gs40_1\">basis, the Group activ<span class=\"__2 _202\"></span>ely monitors respectiv<span class=\"__2 _202\"></span>e credit risk rela<span class=\"__2 _200\"></span>ted clauses that ha<span class=\"__2 _200\"></span>ve been agr<span class=\"__2 _200\"></span>eed to in </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14_2 gs41_1\">order t<span class=\"__2 _200\"></span>o ensure that these ar<span class=\"__2 _202\"></span>e still being adhered to<span class=\"__2 _200\"></span>. These in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments are principally secur<span class=\"__2 _200\"></span>ed b<span class=\"__2 _200\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws89_2 gs42_1\">a number of loan portfolios which ar<span class=\"__2 _200\"></span>e pledged in fa<span class=\"__2 _200\"></span>vour of the Gr<span class=\"__2 _200\"></span>oup, and ar<span class=\"__2 _200\"></span>e subject to a number </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws130_2 gs43_1\">of co<span class=\"__2 _202\"></span>venants including inter alia pr<span class=\"__2 _200\"></span>edetermined r<span class=\"__2 _200\"></span>atios of ageing portfolios and adv<span class=\"__2 _200\"></span>ance r<span class=\"__2 _200\"></span>ates. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws41_2 gs44_1\">Such co<span class=\"__2 _202\"></span>venants ar<span class=\"__2 _200\"></span>e monitored on a r<span class=\"__2 _202\"></span>egular basis by management. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup also has </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd8_2 gs1a_1\">additional collat<span class=\"__2 _200\"></span>eral in the f<span class=\"__2 _200\"></span>orm of cash deposited in its acc<span class=\"__2 _200\"></span>ounts or pledged financial instruments </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd0_2 gs1b_1\">in its fa<span class=\"__2 _200\"></span>vour in r<span class=\"__2 _202\"></span>espect of each inv<span class=\"__2 _200\"></span>estment. Additionally<span class=\"__2 _201\"></span>, the debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments encompass se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1c_1\">clauses and co<span class=\"__2 _202\"></span>venants to r<span class=\"__2 _200\"></span>educe the cr<span class=\"__2 _200\"></span>edit risk in rela<span class=\"__2 _200\"></span>tion to such inv<span class=\"__2 _202\"></span>estments.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs4d_1\">Cash and cash equivalents<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws131_2 gs45_1\">The majority of the Gr<span class=\"__2 _200\"></span>oup\u2019s cash is held with C<span class=\"__2 _200\"></span>entral Banks. Other than cash held with C<span class=\"__2 _200\"></span>entral Banks, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs4e_1\">the Group\u2019<span class=\"__2 _202\"></span>s ex<span class=\"__2 _200\"></span>ces<span class=\"__2 _200\"></span>s liquidity is deposited with a large number of cr<span class=\"__2 _202\"></span>edit and financial institutions.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs21_1\">Other financial assets<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs22_1\">The Gr<span class=\"__2 _200\"></span>oup also holds loans to r<span class=\"__2 _200\"></span>elated parties and r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ables from sold portfolios.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs197\">4.2.3 Credit risk measur<span class=\"__2 _200\"></span>ement </div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs198\">L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsfb_2 gs199\">The Gr<span class=\"__2 _200\"></span>oup uses internal cr<span class=\"__2 _200\"></span>edit risk gradings (Not<span class=\"__2 _200\"></span>e 4.2.5) to r<span class=\"__2 _200\"></span>eflect its assessment of the pr<span class=\"__2 _200\"></span>obability </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws132_2 gs19a\">of default of individual c<span class=\"__2 _200\"></span>ounterparties. The Gr<span class=\"__2 _200\"></span>oup\u2019s cr<span class=\"__2 _202\"></span>edit grading and monitoring s<span class=\"__2 _200\"></span>yst<span class=\"__2 _200\"></span>ems are </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws66_2 gs19b\">also in place t<span class=\"__2 _200\"></span>o react t<span class=\"__2 _200\"></span>o any early identification and management of deterior<span class=\"__2 _202\"></span>ation in loan quality<span class=\"__2 _202\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd_2 gs19c\">Internal cr<span class=\"__2 _200\"></span>edit risk gradings is based on pa<span class=\"__2 _200\"></span>yment behaviour of the borr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>wer<span class=\"__2 _201\"></span>. The Gr<span class=\"__2 _200\"></span>oup monitors </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws96_2 gs19d\">the payment beha<span class=\"__2 _200\"></span>viour of its clients and other ke<span class=\"__2 _202\"></span>y risk indicators at portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el and at cohort </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws110_2 gs19e\">lev<span class=\"__2 _202\"></span>el. The latter is r<span class=\"__2 _200\"></span>egarded as an important metric as it tr<span class=\"__2 _202\"></span>acks the behaviour of rec<span class=\"__2 _200\"></span>ent loans </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws117_2 gs19f\">gr<span class=\"__2 _200\"></span>anted. A<span class=\"__2 _200\"></span>t onboarding stage<span class=\"__2 _200\"></span>, any kno<span class=\"__2 _200\"></span>wn information about a borr<span class=\"__2 _200\"></span>ow<span class=\"__2 _200\"></span>er which impacts their </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsdb_2 gs1a0\">creditw<span class=\"__2 _202\"></span>orthiness, such as unemployment and pr<span class=\"__2 _200\"></span>evious delinquenc<span class=\"__2 _200\"></span>y history<span class=\"__2 _201\"></span>, is assessed during the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws15_2 gs1a1\">initial credit as<span class=\"__2 _200\"></span>sessment. Aft<span class=\"__2 _200\"></span>er the date of initial r<span class=\"__2 _200\"></span>ecognition, f<span class=\"__2 _200\"></span>or consumer lending facilities, the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1a2\">payment beha<span class=\"__2 _200\"></span>viour of borro<span class=\"__2 _202\"></span>wers is monitor<span class=\"__2 _200\"></span>ed on an ongoing basis at a collectiv<span class=\"__2 _202\"></span>e portfolio lev<span class=\"__2 _202\"></span>el.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1a3\">Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsca_2 gs1a4\">The Gr<span class=\"__2 _200\"></span>oup\u2019s Risk Management t<span class=\"__2 _200\"></span>eam ev<span class=\"__2 _202\"></span>aluates and assesses these in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments at inception in </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws115_2 gs1a5\">order t<span class=\"__2 _200\"></span>o determine the cr<span class=\"__2 _200\"></span>edit quality of the inv<span class=\"__2 _200\"></span>estment and the pot<span class=\"__2 _200\"></span>ential credit risks that ma<span class=\"__2 _200\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wscd_2 gs1a6\">arise. Mor<span class=\"__2 _200\"></span>eov<span class=\"__2 _202\"></span>er<span class=\"__2 _201\"></span>, on an ongoing basis, the Group activ<span class=\"__2 _200\"></span>ely monitors the applicable co<span class=\"__2 _202\"></span>venants t<span class=\"__2 _200\"></span>o </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1a7\">ensure tha<span class=\"__2 _200\"></span>t these are still being adher<span class=\"__2 _200\"></span>ed to<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws72_2 gs1a8\">The Gr<span class=\"__2 _200\"></span>oup also conducts periodical asses<span class=\"__2 _200\"></span>sments to the r<span class=\"__2 _200\"></span>espective c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al, in order t<span class=\"__2 _200\"></span>o assess </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb_2 gs1a9\">whether the Group should ac<span class=\"__2 _200\"></span>count for e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses. Such assessments ar<span class=\"__2 _200\"></span>e based on the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws21_2 gs1aa\">credit inf<span class=\"__2 _200\"></span>ormation supplied by the bond is<span class=\"__2 _200\"></span>suers. In order for its ECL methodology t<span class=\"__2 _200\"></span>o repr<span class=\"__2 _200\"></span>esent an </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws133_2 gs1ab\">appropria<span class=\"__2 _200\"></span>te estimation of its cr<span class=\"__2 _200\"></span>edit risk emanating fr<span class=\"__2 _200\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Gr<span class=\"__2 _200\"></span>oup independently </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1ac\">assesses the ECL on each cr<span class=\"__2 _200\"></span>edit portfolio pledged as c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al by the bond is<span class=\"__2 _200\"></span>suer<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5f_2 gs1ad\">The Gr<span class=\"__2 _200\"></span>oup, on a selectiv<span class=\"__2 _200\"></span>e basis, also elects to enfor<span class=\"__2 _200\"></span>ce specific rights arising fr<span class=\"__2 _200\"></span>om the contr<span class=\"__2 _200\"></span>actual </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws134_2 gs1ae\">inv<span class=\"__2 _202\"></span>estment arrangements in plac<span class=\"__2 _200\"></span>e with the counterparties and thr<span class=\"__2 _200\"></span>ough the engagement of e<span class=\"__2 _200\"></span>xternal </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws81_2 gs1af\">independent auditors obtains as<span class=\"__2 _200\"></span>suranc<span class=\"__2 _200\"></span>e reports in connection t<span class=\"__2 _200\"></span>o specific credit and financial </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb5_2 gs1b0\">information supplied b<span class=\"__2 _200\"></span>y the count<span class=\"__2 _200\"></span>erparties, on the basis of which the requir<span class=\"__2 _200\"></span>ement for e<span class=\"__2 _200\"></span>xpected </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws135_2 gs100\">credit los<span class=\"__2 _200\"></span>ses is calculated. All debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments of the Group ar<span class=\"__2 _200\"></span>e held b<span class=\"__2 _200\"></span>y the Bank and monitored </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs101\">b<span class=\"__2 _200\"></span>y respectiv<span class=\"__2 _200\"></span>e Bank's Credit and Risk C<span class=\"__2 _200\"></span>ommittees. </div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1b1\">Cash and cash equivalents<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws22_2 gs1b2\">Cash and cash equiv<span class=\"__2 _200\"></span>alents include Balances with Centr<span class=\"__2 _200\"></span>al Bank of Malta, Centr<span class=\"__2 _200\"></span>al Bank of Sweden, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws136_2 gs105\">Centr<span class=\"__2 _200\"></span>al Bank of Czechia and Centr<span class=\"__2 _202\"></span>al Bank of Lithuania and balances with other banks. The Gr<span class=\"__2 _200\"></span>oup uses </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws137_2 gs106\">e<span class=\"__2 _200\"></span>xternal risk gr<span class=\"__2 _200\"></span>ades to r<span class=\"__2 _200\"></span>eflect its assessment of the pr<span class=\"__2 _200\"></span>obability of default of individual count<span class=\"__2 _200\"></span>erparties. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsba_2 gs1b3\">These published gr<span class=\"__2 _200\"></span>ades are c<span class=\"__2 _200\"></span>ontinuously monitor<span class=\"__2 _200\"></span>ed and updated. The PDs as<span class=\"__2 _200\"></span>sociated with each </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws97_2 gs1b4\">gr<span class=\"__2 _200\"></span>ade are determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _202\"></span>ver the prior 12 months, as published b<span class=\"__2 _200\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5a_2 gs1b5\">r<span class=\"__2 _200\"></span>ating agencies. In determining the pr<span class=\"__2 _200\"></span>obability of default of individual count<span class=\"__2 _200\"></span>erparties, the Group </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsbe_2 gsf6\">distinguishes betw<span class=\"__2 _200\"></span>een exposur<span class=\"__2 _202\"></span>es considered \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019 defined b<span class=\"__2 _200\"></span>y r<span class=\"__2 _200\"></span>ecognised e<span class=\"__2 _200\"></span>xternal </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws121_2 gsf7\">r<span class=\"__2 _200\"></span>ating agencies as a rating betw<span class=\"__2 _202\"></span>een AAA<span class=\"__2 _202\"></span>-BBB- (Standard &amp; Poor\u2019s, Fitch) and Aaa-Baa3 (Moody\u2019<span class=\"__2 _202\"></span>s), </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws79_2 gsf8\">and \u2018non-inv<span class=\"__2 _202\"></span>estment grade\u2019 e<span class=\"__2 _202\"></span>xposures. Credit risk in cash and cash equiv<span class=\"__2 _202\"></span>alents of Multitude Bank </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsaa_2 gsf9\">is also mitigated thr<span class=\"__2 _200\"></span>ough limits set in the Bank\u2019<span class=\"__2 _200\"></span>s treasury management policy and in ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>dance </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gsfa\">with large e<span class=\"__2 _202\"></span>xposure limits set in the CRR r<span class=\"__2 _200\"></span>espectively<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs10b\">Other financial assets<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws138_2 gsfc\">The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws139_2 gsfd\">individual count<span class=\"__2 _200\"></span>erparties included in other financial assets. These published gr<span class=\"__2 _200\"></span>ades are c<span class=\"__2 _200\"></span>ontinuously </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9_2 gsfe\">monitor<span class=\"__2 _200\"></span>ed and updated. T<span class=\"__2 _200\"></span>he PDs associated with each gr<span class=\"__2 _200\"></span>ade ar<span class=\"__2 _200\"></span>e determined based on realised<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse_2 gs169\">default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _202\"></span>ver the prior 12 months, as published b<span class=\"__2 _200\"></span>y ra<span class=\"__2 _200\"></span>ting agencies. Other financial assets of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5_2 gs16a\">Multitude Bank are as<span class=\"__2 _200\"></span>sessed in line with large e<span class=\"__2 _202\"></span>xposure limits set in the Capital Requir<span class=\"__2 _200\"></span>ements </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1b7\">Regulation (<span class=\"__2 _202\"></span>CRR).<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs26_1\">4.2.4 Categorisa<span class=\"__2 _200\"></span>tion of loans to cust<span class=\"__2 _200\"></span>omers for ECL measurement<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1c_2 gs27_1\">The Gr<span class=\"__2 _200\"></span>oup's expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances on loans t<span class=\"__2 _200\"></span>o customers ar<span class=\"__2 _200\"></span>e modelled on a collectiv<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse7_2 gs28_1\">basis. As a result, a gr<span class=\"__2 _200\"></span>ouping of e<span class=\"__2 _200\"></span>xposures is perf<span class=\"__2 _200\"></span>ormed on the basis of shared risk char<span class=\"__2 _200\"></span>acteristics, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsad_2 gs29_1\">such that risk e<span class=\"__2 _200\"></span>xposures within a gr<span class=\"__2 _200\"></span>oup of financial assets ar<span class=\"__2 _200\"></span>e homogenous. In performing this </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse_2 gs2a_1\">grouping, the Gr<span class=\"__2 _200\"></span>oup ensur<span class=\"__2 _200\"></span>es that there is sufficient informa<span class=\"__2 _200\"></span>tion for the group of financial as<span class=\"__2 _200\"></span>sets </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13b_2 gs2b_1\">to be sta<span class=\"__2 _200\"></span>tistically credible<span class=\"__2 _200\"></span>. In this respect, Multitude c<span class=\"__2 _200\"></span>onsiders the following ca<span class=\"__2 _200\"></span>tegories for ECL </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws78_2 gs58_1\">measurement of loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers, split in business units as follo<span class=\"__2 _200\"></span>ws as managed b<span class=\"__2 _200\"></span>y respectiv<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2c_1\">Leadership T<span class=\"__2 _210\"></span>eam members:  </div><div class=\"t_2 m0_2 h5_2 ff3_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs59_1\">Ferr<span class=\"__2 _200\"></span>atum business unit:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls1a_2 ws0_2 gs2f_1\">I<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span> <span class=\"__2 _216\"> </span>Micro-cr<span class=\"__2 _200\"></span>edit portfolios which ar<span class=\"__2 _200\"></span>e subject to bullet r<span class=\"__2 _200\"></span>epayment (includes Micr<span class=\"__2 _200\"></span>o Loan);<span class=\"__2 _203\"></span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9_2 gs31_1\">II. <span class=\"__2 _201\"></span>Credit portfolios with instalment r<span class=\"__2 _202\"></span>epayment and re<span class=\"__2 _202\"></span>volving cr<span class=\"__2 _200\"></span>edit facilities (includes Plus Loan </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1b8\">and Credit Limit Pr<span class=\"__2 _200\"></span>oduct); </div><div class=\"t_2 m0_2 h5_2 ff3_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs33_1\">Sw<span class=\"__2 _200\"></span>eepBank business unit:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12f_2 gs35_1\">I. <span class=\"__2 _f_2\"> </span>Credit portfolios with ins<span class=\"__2 _200\"></span>talment repa<span class=\"__2 _200\"></span>yment and re<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>olving credit f<span class=\"__2 _200\"></span>acilities (includes Credit Car<span class=\"__2 _200\"></span>d); </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs5b_1\">II. Other amortising, long-term cr<span class=\"__2 _200\"></span>edit products with instalment r<span class=\"__2 _200\"></span>epayment (includes Prime L<span class=\"__2 _200\"></span>oan); </div><div class=\"t_2 m0_2 h5_2 ff3_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs38_1\">Capital Bo<span class=\"__2 _200\"></span>x business unit:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3a_1\">I.  Secur<span class=\"__2 _200\"></span>ed long-term credit pr<span class=\"__2 _202\"></span>oducts subject to bullet repa<span class=\"__2 _200\"></span>yment (includes Secured L<span class=\"__2 _200\"></span>oan);<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse_2 gs3b_1\">II. <span class=\"__2 _202\"></span>Unsecured cr<span class=\"__2 _200\"></span>edit portfolios with instalment r<span class=\"__2 _200\"></span>epayment (includes Ins<span class=\"__2 _200\"></span>talment Loan, Credit Line<span class=\"__2 _200\"></span>, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1b9\">Purchase Financing (BNPL)).<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1e_2 gs55_1\">As at 31 December 20<span class=\"__2 _200\"></span>23, the Group's loans t<span class=\"__2 _200\"></span>o customers include e<span class=\"__2 _202\"></span>xposures to a fe<span class=\"__2 _202\"></span>w corporat<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3e_1\">entities which in the vie<span class=\"__2 _200\"></span>w of their significance are as<span class=\"__2 _200\"></span>sessed individually<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff1_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs40_1\">4.2.5 Expected cr<span class=\"__2 _200\"></span>edit loss measurement<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws103_2 gs41_1\">IFRS 9 outlines a 'three-s<span class=\"__2 _200\"></span>tage' model for impairment based on changes in credit quality sinc<span class=\"__2 _200\"></span>e initial </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs42_1\">rec<span class=\"__2 _200\"></span>ognition as summarised below:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb0_2 gs44_1\">I. <span class=\"__2 _211\"> </span>A financial instrument that is not cr<span class=\"__2 _202\"></span>edit-impaired on initial rec<span class=\"__2 _200\"></span>ognition is classified in 'Stage 1' </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1ba\">and has its credit risk c<span class=\"__2 _200\"></span>ontinuously monitor<span class=\"__2 _200\"></span>ed by the Gr<span class=\"__2 _200\"></span>oup.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd3_2 gs1c_1\">II. <span class=\"__2 _202\"></span>If a significant increase in cr<span class=\"__2 _200\"></span>edit risk ('SICR') since initial r<span class=\"__2 _200\"></span>ecognition is identified, the financial </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws83_2 gs1bb\">instrument is mo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ed to 'Stage 2' but is not y<span class=\"__2 _200\"></span>et deemed to be cr<span class=\"__2 _200\"></span>edit-impaired. Please r<span class=\"__2 _200\"></span>efer t<span class=\"__2 _200\"></span>o </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7e_2 gs1bc\">Note 4.2.5.<span class=\"__2 _202\"></span>1 for a description of ho<span class=\"__2 _200\"></span>w the Group det<span class=\"__2 _200\"></span>ermines when a significant increase in cr<span class=\"__2 _200\"></span>edit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1bd\">risk has occurr<span class=\"__2 _200\"></span>ed.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls13_2 ws82_2 gs20_1\">II<span class=\"__2 _203\"></span>I<span class=\"__2 _203\"></span>. <span class=\"__2 _203\"></span>If the financial instrument is cr<span class=\"__2 _200\"></span>edit-impaired, the financial ins<span class=\"__2 _200\"></span>trument is then mov<span class=\"__2 _202\"></span>ed to 'Stage 3'. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws87_2 gs1be\">Please ref<span class=\"__2 _200\"></span>er to Note 4.2.5.2 f<span class=\"__2 _200\"></span>or a description of how the Gr<span class=\"__2 _200\"></span>oup defines credit-impair<span class=\"__2 _200\"></span>ed and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1bf\">default.<span class=\"__2 _25f\"> </span></div>IV<span class=\"__2 _210\"></span>. <span class=\"__2 _201\"></span>Financial instruments in \u2018Stage 1\u2019 ha<span class=\"__2 _200\"></span>ve their ECL measur<span class=\"__2 _200\"></span>ed at an amount equal to the portion of lifetime e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses that r<span class=\"__2 _200\"></span>esult from def<span class=\"__2 _200\"></span>ault ev<span class=\"__2 _202\"></span>ents possible within the next 12 months. Instruments in \u2018Stages 2 or 3\u2019 ha<span class=\"__2 _200\"></span>ve their ECL measur<span class=\"__2 _202\"></span>ed based on expected cr<span class=\"__2 _200\"></span>edit losses on a lifetime basis. Please r<span class=\"__2 _200\"></span>efer to Not<span class=\"__2 _200\"></span>e 4.2.5.3 for a description of inputs, assumptions and estimation t<span class=\"__2 _200\"></span>echniques used in measuring the ECL.<span class=\"__2 _25f\"> </span>V<span class=\"__2 _210\"></span>. <span class=\"__2 _204\"> </span>A perv<span class=\"__2 _200\"></span>asiv<span class=\"__2 _200\"></span>e concept in <span class=\"__2 _200\"></span>measuring ECL in accor<span class=\"__2 _200\"></span>dance with IFRS 9 is that it should c<span class=\"__2 _200\"></span>onsider forw<span class=\"__2 _200\"></span>ard looking informa<span class=\"__2 _200\"></span>tion. Note 4.2.5.4 includes an e<span class=\"__2 _200\"></span>xplanation of how the Gr<span class=\"__2 _200\"></span>oup incorpor<span class=\"__2 _200\"></span>ates this in its ECL models.<span class=\"__2 _25f\"> </span>VI.<span class=\"__2 _203\"></span> <span class=\"__2 _210\"></span>Purchased or originat<span class=\"__2 _200\"></span>ed credit-impair<span class=\"__2 _200\"></span>ed financial assets ar<span class=\"__2 _200\"></span>e those financial assets that ar<span class=\"__2 _200\"></span>e credit-<span class=\"__2 _25f\"> </span>impaired on initial r<span class=\"__2 _200\"></span>ecognition. T<span class=\"__2 _200\"></span>heir ECL is alwa<span class=\"__2 _200\"></span>ys measur<span class=\"__2 _200\"></span>ed on a lifetime basis.<span class=\"__2 _25f\"> </span>The follo<span class=\"__2 _202\"></span>wing diagram summarises the impairment requir<span class=\"__2 _202\"></span>ements under IFRS 9:<span class=\"__2 _25f\"> </span>The e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit loss r<span class=\"__2 _200\"></span>equirements apply t<span class=\"__2 _200\"></span>o financial assets measured a<span class=\"__2 _200\"></span>t amortised cost and certain loan c<span class=\"__2 _200\"></span>ommitments. At initial r<span class=\"__2 _200\"></span>ecognition, an impairment allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>e (<span class=\"__2 _200\"></span>or pro<span class=\"__2 _200\"></span>vision in the case of commitments<span class=\"__2 _200\"></span>) is requir<span class=\"__2 _200\"></span>ed for ECL r<span class=\"__2 _200\"></span>esulting from def<span class=\"__2 _200\"></span>ault ev<span class=\"__2 _200\"></span>ents that ar<span class=\"__2 _200\"></span>e possible within the ne<span class=\"__2 _200\"></span>xt 12 months (\u201c12-month ECL<span class=\"__2 _200\"></span>\u201d). In the ev<span class=\"__2 _200\"></span>ent of a significant increase in cr<span class=\"__2 _200\"></span>edit risk, an allo<span class=\"__2 _200\"></span>wance (<span class=\"__2 _200\"></span>or pro<span class=\"__2 _200\"></span>vision) is requir<span class=\"__2 _202\"></span>ed for ECL resulting fr<span class=\"__2 _200\"></span>om all possible default e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ents ov<span class=\"__2 _202\"></span>er the expect<span class=\"__2 _200\"></span>ed life of the financial instrument (\u201clifetime ECL<span class=\"__2 _202\"></span>\u201d). In line with the \u2018three stage\u2019 model described abo<span class=\"__2 _202\"></span>ve, financial assets wher<span class=\"__2 _200\"></span>e 12-month ECL is rec<span class=\"__2 _200\"></span>ognised are c<span class=\"__2 _200\"></span>onsidered \u2018Stage 1\u2019. Financial assets which are c<span class=\"__2 _200\"></span>onsidered t<span class=\"__2 _200\"></span>o hav<span class=\"__2 _200\"></span>e e<span class=\"__2 _200\"></span>xperienced a significant incr<span class=\"__2 _200\"></span>ease in credit risk w<span class=\"__2 _200\"></span>ould be classified as \u2018Stage 2\u2019 and financial assets for which ther<span class=\"__2 _202\"></span>e is objective e<span class=\"__2 _200\"></span>vidence of impairment, thus consider<span class=\"__2 _200\"></span>ed to be in def<span class=\"__2 _200\"></span>ault or otherwise credit-impair<span class=\"__2 _200\"></span>ed, would be clas<span class=\"__2 _200\"></span>sified as \u2018Stage 3\u2019.<span class=\"__2 _25f\"> </span>4.2.5.<span class=\"__2 _202\"></span>1 Significant increase in credit risk<span class=\"__2 _25f\"> </span>T<span class=\"__2 _210\"></span>o determine whether the credit risk (i.<span class=\"__2 _200\"></span>e. risk of default) on a financial ins<span class=\"__2 _200\"></span>trument has increased significantly since initial r<span class=\"__2 _200\"></span>ecognition, the Gr<span class=\"__2 _200\"></span>oup considers r<span class=\"__2 _200\"></span>easonable and supportable information that is r<span class=\"__2 _200\"></span>elev<span class=\"__2 _200\"></span>ant and av<span class=\"__2 _200\"></span>ailable without undue cos<span class=\"__2 _200\"></span>t or effort, including both quantitativ<span class=\"__2 _200\"></span>e and qualitativ<span class=\"__2 _200\"></span>e information. Such analy<span class=\"__2 _200\"></span>sis is based on the Group's his<span class=\"__2 _200\"></span>torical e<span class=\"__2 _200\"></span>xperience, cr<span class=\"__2 _200\"></span>edit assessment and forw<span class=\"__2 _200\"></span>ard-looking informa<span class=\"__2 _200\"></span>tion.<span class=\"__2 _25f\"> </span>L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span>The c<span class=\"__2 _200\"></span>onsumer lending exposur<span class=\"__2 _200\"></span>es of Multitude are not managed on a cr<span class=\"__2 _200\"></span>edit-b<span class=\"__2 _200\"></span>y-credit basis due to the high v<span class=\"__2 _202\"></span>olume of relativ<span class=\"__2 _200\"></span>ely low v<span class=\"__2 _200\"></span>alue and homogeneous e<span class=\"__2 _200\"></span>xposures. As a r<span class=\"__2 _200\"></span>esult, it is not feasible to include qualita<span class=\"__2 _200\"></span>tive inf<span class=\"__2 _200\"></span>ormation based on an expert cr<span class=\"__2 _202\"></span>edit assessment performed on an individual credit basis. On this basis, the Gr<span class=\"__2 _200\"></span>oup adopts a r<span class=\"__2 _200\"></span>etail portfolio methodology which tak<span class=\"__2 _200\"></span>es into acc<span class=\"__2 _200\"></span>ount the nature of the c<span class=\"__2 _200\"></span>onsumer lending exposur<span class=\"__2 _200\"></span>es and the underlying cr<span class=\"__2 _200\"></span>edit risk management pr<span class=\"__2 _200\"></span>actices of the Group<span class=\"__2 _200\"></span>. <div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1a_2 gs24_1\">The c<span class=\"__2 _200\"></span>onsumer lending portfolio comprises of cr<span class=\"__2 _200\"></span>edit facilities with bullet r<span class=\"__2 _200\"></span>epayment or instalment </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1f_2 gs25_1\">loan char<span class=\"__2 _200\"></span>acteristics and r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities. Giv<span class=\"__2 _200\"></span>en ho<span class=\"__2 _200\"></span>w such retail f<span class=\"__2 _200\"></span>acilities are originat<span class=\"__2 _200\"></span>ed </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws92_2 gs57_1\">and managed for int<span class=\"__2 _200\"></span>ernal risk management purposes, consumer loans within a particular segment </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs26_1\">are e<span class=\"__2 _202\"></span>xpected to ha<span class=\"__2 _200\"></span>ve similar cr<span class=\"__2 _200\"></span>edit risk char<span class=\"__2 _200\"></span>acteristics. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1_2 gs28_1\">As a result, f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers, which are managed on a portf<span class=\"__2 _200\"></span>olio basis for credit risk purposes, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb_2 gs29_1\">the Group measur<span class=\"__2 _200\"></span>es a significant incr<span class=\"__2 _200\"></span>ease in credit risk based on a quantitativ<span class=\"__2 _200\"></span>e assessment driv<span class=\"__2 _202\"></span>en </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc_2 gs2a_1\">b<span class=\"__2 _200\"></span>y the delinquency status of borr<span class=\"__2 _200\"></span>ow<span class=\"__2 _200\"></span>ers (<span class=\"__2 _200\"></span>day<span class=\"__2 _200\"></span>s past due<span class=\"__2 _200\"></span>). The Group pr<span class=\"__2 _200\"></span>esumptiv<span class=\"__2 _200\"></span>ely considers that a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws79_2 gs2b_1\">significant increase in cr<span class=\"__2 _202\"></span>edit risk occurs when an asset is mor<span class=\"__2 _200\"></span>e than 30 day<span class=\"__2 _200\"></span>s past due, in line with </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsdb_2 gs58_1\">the backst<span class=\"__2 _200\"></span>op indicator established under IFRS 9<span class=\"__2 _200\"></span>. Multitude determines da<span class=\"__2 _200\"></span>ys past due b<span class=\"__2 _200\"></span>y counting </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1c_2 gs2c_1\">the number of day<span class=\"__2 _200\"></span>s since the earliest elapsed due da<span class=\"__2 _200\"></span>te in r<span class=\"__2 _200\"></span>espect of which full payment has not </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2d_1\">been rec<span class=\"__2 _200\"></span>eiv<span class=\"__2 _200\"></span>ed. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws19_2 gs2e_1\">For the financial y<span class=\"__2 _202\"></span>ear 2023, the Group asses<span class=\"__2 _200\"></span>sed all the different portf<span class=\"__2 _200\"></span>olios of loans to cust<span class=\"__2 _200\"></span>omers </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1d_2 gs2f_1\">b<span class=\"__2 _200\"></span>y product and b<span class=\"__2 _200\"></span>y country to det<span class=\"__2 _200\"></span>ermine whether a significant increase in cr<span class=\"__2 _200\"></span>edit risk was observ<span class=\"__2 _202\"></span>ed. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse8_2 gs30_1\">The asses<span class=\"__2 _200\"></span>sment is conducted b<span class=\"__2 _202\"></span>y analysing the ra<span class=\"__2 _200\"></span>te of default in the 1-<span class=\"__2 _200\"></span>30 day<span class=\"__2 _200\"></span>s past due ageing </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws141_2 gs31_1\">buck<span class=\"__2 _200\"></span>ets in each portfolio. When the Gr<span class=\"__2 _202\"></span>oup identifies a significant increase in credit risk in an<span class=\"__2 _200\"></span>y of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws83_2 gs32_1\">the portfolios, it shifts the calculation of ECL of the r<span class=\"__2 _200\"></span>espectiv<span class=\"__2 _200\"></span>e ageing bucket fr<span class=\"__2 _200\"></span>om 12-month to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs5a_1\">lifetime as r<span class=\"__2 _200\"></span>equired b<span class=\"__2 _200\"></span>y IFRS 9. </div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs34_1\">Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc6_2 gs35_1\">In rela<span class=\"__2 _200\"></span>tion to debt inv<span class=\"__2 _202\"></span>estments, a significant increase in cr<span class=\"__2 _200\"></span>edit risk is deemed to arise, if the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsdb_2 gs36_1\">count<span class=\"__2 _200\"></span>erparty\u2019s cr<span class=\"__2 _200\"></span>edit ra<span class=\"__2 _200\"></span>ting experienc<span class=\"__2 _200\"></span>es specific downgr<span class=\"__2 _200\"></span>ades from the initial r<span class=\"__2 _202\"></span>ating determined at </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa5_2 gs5b_1\">inception of the in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment or if there is a br<span class=\"__2 _200\"></span>each of co<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>enants which are deemed t<span class=\"__2 _200\"></span>o be \u2018major<span class=\"__2 _203\"></span>\u2019 by </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws35_2 gs37_1\">the Group<span class=\"__2 _200\"></span>. The Risk Management function e<span class=\"__2 _200\"></span>valuat<span class=\"__2 _200\"></span>es and assesses these in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments at inception </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse7_2 gs38_1\">in order t<span class=\"__2 _200\"></span>o determine the cr<span class=\"__2 _200\"></span>edit quality of the inv<span class=\"__2 _200\"></span>estment and pot<span class=\"__2 _200\"></span>ential credit risks that ma<span class=\"__2 _200\"></span>y arise. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws2b_2 gs39_1\">Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, on an ongoing basis, the Gr<span class=\"__2 _200\"></span>oup actively monit<span class=\"__2 _200\"></span>ors respectiv<span class=\"__2 _202\"></span>e credit risk rela<span class=\"__2 _200\"></span>ted clauses </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws142_2 gs3a_1\">that ha<span class=\"__2 _200\"></span>ve been agr<span class=\"__2 _200\"></span>eed to in or<span class=\"__2 _200\"></span>der to ensur<span class=\"__2 _200\"></span>e that these are s<span class=\"__2 _200\"></span>till being adhered to<span class=\"__2 _200\"></span>. The Gr<span class=\"__2 _200\"></span>oup </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7f_2 gs5c_1\">also conducts periodical as<span class=\"__2 _200\"></span>sessments in relation t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _202\"></span>e portfolio, in or<span class=\"__2 _200\"></span>der to asses<span class=\"__2 _200\"></span>s </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5b_2 gs3b_1\">ho<span class=\"__2 _200\"></span>w much it should pro<span class=\"__2 _200\"></span>vide for the e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses. In order f<span class=\"__2 _200\"></span>or its ECL methodology to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws8_2 gs3c_1\">repr<span class=\"__2 _200\"></span>esent an appr<span class=\"__2 _200\"></span>opriate estimation of its cr<span class=\"__2 _200\"></span>edit risk emanating fr<span class=\"__2 _200\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Gr<span class=\"__2 _200\"></span>oup </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3d_1\">assesses the ECL on each in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment separa<span class=\"__2 _200\"></span>tely<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3e_1\">Cash and cash equivalents<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws104_2 gs3f_1\">In rela<span class=\"__2 _200\"></span>tion to cash and cash equiv<span class=\"__2 _200\"></span>alents, the Group applies lo<span class=\"__2 _200\"></span>w credit risk simplification and does </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws80_2 gs40_1\">not measure SICR unles<span class=\"__2 _200\"></span>s there is a significant decr<span class=\"__2 _200\"></span>ease in independent credit r<span class=\"__2 _200\"></span>atings giv<span class=\"__2 _200\"></span>en to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs41_1\">Centr<span class=\"__2 _200\"></span>al Banks and other banks.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs43_1\">Other financial assets<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws143_2 gs44_1\">In the case of other financial assets, the Gr<span class=\"__2 _200\"></span>oup applies low cr<span class=\"__2 _200\"></span>edit risk simplification to all its </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc5_2 gs1a_1\">e<span class=\"__2 _200\"></span>xposures c<span class=\"__2 _200\"></span>onsidered \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019, thus the<span class=\"__2 _200\"></span>y are not subject t<span class=\"__2 _200\"></span>o the SICR assessment. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf8_2 gs1b_1\">Mo<span class=\"__2 _200\"></span>ving from \u2018in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment-grade\u2019 t<span class=\"__2 _200\"></span>o \u2018non-inv<span class=\"__2 _200\"></span>estment gr<span class=\"__2 _200\"></span>ade\u2019 does not automatically mean that ther<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1c_1\">has been a SICR.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff1_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1e_1\">4.2.5.2 Definition of default and cr<span class=\"__2 _200\"></span>edit-impaired assets<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsdb_2 gs45_1\">The Gr<span class=\"__2 _200\"></span>oup\u2019s as<span class=\"__2 _200\"></span>sessment to det<span class=\"__2 _200\"></span>ermine the ext<span class=\"__2 _200\"></span>ent of increase in cr<span class=\"__2 _200\"></span>edit risk of a financial instrument </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5e_2 gs1f_1\">since initial r<span class=\"__2 _200\"></span>ecognition is performed b<span class=\"__2 _202\"></span>y considering the change in the risk of default oc<span class=\"__2 _200\"></span>curring </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs20_1\">o<span class=\"__2 _200\"></span>ver the r<span class=\"__2 _200\"></span>emaining life of the financial instrument. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa8_2 gs22_1\">IFRS 9 does not specifically define default but r<span class=\"__2 _200\"></span>equires it t<span class=\"__2 _200\"></span>o be applied on a consist<span class=\"__2 _200\"></span>ent basis with<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf3_2 gs169\">internal cr<span class=\"__2 _200\"></span>edit risk management practic<span class=\"__2 _200\"></span>e for the r<span class=\"__2 _200\"></span>elev<span class=\"__2 _200\"></span>ant instruments and r<span class=\"__2 _200\"></span>equires c<span class=\"__2 _200\"></span>onsideration </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs16a\">of qualitativ<span class=\"__2 _200\"></span>e fact<span class=\"__2 _200\"></span>ors where appr<span class=\"__2 _200\"></span>opriate. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9b_2 gs16b\">For the absolut<span class=\"__2 _200\"></span>e majority of consumer loans, default oc<span class=\"__2 _200\"></span>curs when the e<span class=\"__2 _200\"></span>xposure e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ceeds 90 da<span class=\"__2 _200\"></span>ys </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws30_2 gs16c\">past due, e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>ept for Micro L<span class=\"__2 _200\"></span>oans in Germany for which def<span class=\"__2 _200\"></span>ault occurs when the e<span class=\"__2 _200\"></span>xposures e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eed </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb4_2 gs16d\">60 day<span class=\"__2 _200\"></span>s past due. F<span class=\"__2 _200\"></span>or corpor<span class=\"__2 _200\"></span>ate clients, def<span class=\"__2 _200\"></span>ault occurs when the e<span class=\"__2 _200\"></span>xposures e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eeds 90 day<span class=\"__2 _200\"></span>s past </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs16e\">due.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5d_2 gs16f\">In addition, IFRS 9 also introduc<span class=\"__2 _200\"></span>es a rebuttable pr<span class=\"__2 _200\"></span>esumption that default does not oc<span class=\"__2 _200\"></span>cur later than </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11_2 gs170\">when a financial asset is 90 da<span class=\"__2 _200\"></span>ys past due unles<span class=\"__2 _200\"></span>s there is r<span class=\"__2 _200\"></span>easonable and supportable information </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws51_2 gs171\">to demonstr<span class=\"__2 _202\"></span>ate that a mor<span class=\"__2 _200\"></span>e lagging criterion is appropria<span class=\"__2 _200\"></span>te. In this r<span class=\"__2 _200\"></span>espect, the Group gener<span class=\"__2 _200\"></span>ally </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws131_2 gs172\">defines a financial instrument as in def<span class=\"__2 _200\"></span>ault (cr<span class=\"__2 _200\"></span>edit impaired and in Stage 3 f<span class=\"__2 _200\"></span>or impairment purposes), </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1c2\">when the borro<span class=\"__2 _202\"></span>wer is more than 90 da<span class=\"__2 _202\"></span>ys past due on any ma<span class=\"__2 _200\"></span>terial credit obliga<span class=\"__2 _200\"></span>tion to the Group<span class=\"__2 _200\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse2_2 gs1c3\">During 2023, the Gr<span class=\"__2 _200\"></span>oup has further aligned the definition of default on a number of pr<span class=\"__2 _200\"></span>oducts in </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa5_2 gs1c4\">specific territ<span class=\"__2 _200\"></span>ories from 60 t<span class=\"__2 _200\"></span>o 90 day<span class=\"__2 _200\"></span>s in line with internal risk management pr<span class=\"__2 _200\"></span>actices and analysis </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1c5\">of the pay back r<span class=\"__2 _202\"></span>ates arising on such portfolio<span class=\"__2 _200\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws102_2 gs1c6\">Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, in acc<span class=\"__2 _200\"></span>ordanc<span class=\"__2 _200\"></span>e with EBA guidelines, the Gr<span class=\"__2 _200\"></span>oup factors in observ<span class=\"__2 _200\"></span>able e<span class=\"__2 _200\"></span>vents which ma<span class=\"__2 _200\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws8a_2 gs1c7\">indicate Unlik<span class=\"__2 _202\"></span>eliness-<span class=\"__2 _201\"></span>T<span class=\"__2 _201\"></span>o-Pa<span class=\"__2 _200\"></span>y (\u2018UTP<span class=\"__2 _203\"></span>\u2019) which also cons<span class=\"__2 _200\"></span>titute default. T<span class=\"__2 _200\"></span>hrough this pr<span class=\"__2 _200\"></span>ocess, the Gr<span class=\"__2 _202\"></span>oup </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb0_2 gs1c8\">assesses de<span class=\"__2 _202\"></span>velopments occurring a<span class=\"__2 _200\"></span>t the lev<span class=\"__2 _200\"></span>el of the individual debtor<span class=\"__2 _201\"></span>. T<span class=\"__2 _200\"></span>he UTP criteria adopted </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1c9\">b<span class=\"__2 _200\"></span>y Multitude are the follo<span class=\"__2 _200\"></span>wing:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1ca\">\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws20_2\">Suspected Fr<span class=\"__2 _200\"></span>aud - UTP is triggered if a loan has been identified as pos<span class=\"__2 _200\"></span>sible fraud in the fr<span class=\"__2 _200\"></span>aud </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1cb\">management tool;<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1cc\">\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws124_2\">Insolv<span class=\"__2 _200\"></span>ency - UTP is triggered if a cus<span class=\"__2 _200\"></span>tomer has notified the Multitude Gr<span class=\"__2 _200\"></span>oup of insolvency<span class=\"__2 _201\"></span>, </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1cd\">through either c<span class=\"__2 _200\"></span>ollection tool or debt manager s<span class=\"__2 _200\"></span>yst<span class=\"__2 _200\"></span>ems; and<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1ce\">\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws52_2\">Death - UTP is trigger<span class=\"__2 _200\"></span>ed if the Group has been notified of death, thr<span class=\"__2 _200\"></span>ough either collection t<span class=\"__2 _200\"></span>ool </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1cf\">or debt manager sy<span class=\"__2 _200\"></span>stems.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10_2 gs1d0\">The UTP asses<span class=\"__2 _200\"></span>sment enhances the ECL methodology thr<span class=\"__2 _200\"></span>ough the application of a loan-by<span class=\"__2 _200\"></span>-loan </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsac_2 gs1d1\">focus with a vie<span class=\"__2 _200\"></span>w to det<span class=\"__2 _200\"></span>ermine on the basis of qualitative f<span class=\"__2 _200\"></span>actors, and befor<span class=\"__2 _202\"></span>e the hard day<span class=\"__2 _200\"></span>s past </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb7_2 gs1d2\">due criterion is met, whether a cus<span class=\"__2 _200\"></span>tomer<span class=\"__2 _203\"></span>\u2019<span class=\"__2 _200\"></span>s credit risk has det<span class=\"__2 _200\"></span>eriorat<span class=\"__2 _200\"></span>ed to a le<span class=\"__2 _200\"></span>vel which is indica<span class=\"__2 _200\"></span>tive </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1d3\">of default. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7b_2 gs1d4\">The definitions of cr<span class=\"__2 _200\"></span>edit-impaired and def<span class=\"__2 _200\"></span>ault are aligned so that Stage 3 r<span class=\"__2 _202\"></span>epresents all loans </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsee_2 gs1d5\">which are c<span class=\"__2 _200\"></span>onsidered def<span class=\"__2 _200\"></span>aulted or cr<span class=\"__2 _200\"></span>edit-impaired. Whene<span class=\"__2 _202\"></span>ver the Gr<span class=\"__2 _200\"></span>oup enters into a f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d sale </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws79_2 gs1d6\">agreement with a thir<span class=\"__2 _200\"></span>d party<span class=\"__2 _201\"></span>, the definition of default is usually aligned with the contr<span class=\"__2 _202\"></span>actual days </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1d7\">past due under such agr<span class=\"__2 _200\"></span>eement.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10f_2 gs1d8\">The def<span class=\"__2 _200\"></span>ault definition has been applied consist<span class=\"__2 _200\"></span>ently to model the PD<span class=\"__2 _202\"></span>, EAD and LGD <span class=\"__2 _200\"></span>throughout </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1d9\">the Group's e<span class=\"__2 _202\"></span>xpected loss calculations.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14_2 gs1da\">In addition to the abo<span class=\"__2 _202\"></span>ve, Multitude has an Arr<span class=\"__2 _200\"></span>ears Management Policy to dir<span class=\"__2 _200\"></span>ect its cr<span class=\"__2 _200\"></span>edit portfolio </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc9_2 gs1db\">management str<span class=\"__2 _200\"></span>ategy in c<span class=\"__2 _200\"></span>ertain territories with a vie<span class=\"__2 _202\"></span>w to impro<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e its debt collection capabilities </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1dc\">in respect of o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>due loan facilities. In achie<span class=\"__2 _200\"></span>ving this str<span class=\"__2 _200\"></span>ategy<span class=\"__2 _201\"></span>, the Group pr<span class=\"__2 _200\"></span>escribes four stages, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1dd\">(I)   early collection s<span class=\"__2 _200\"></span>tage, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11d_2 gs1de\">(II)   late c<span class=\"__2 _200\"></span>ollection stage carried out thr<span class=\"__2 _200\"></span>ough third party management and debt collection agencies,<span class=\"__2 _25f\"> </span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs17a\">(III) legal collections, and<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs17b\">(<span class=\"__2 _200\"></span>I<span class=\"__2 _200\"></span>V<span class=\"__2 _200\"></span>)<span class=\"__2 _200\"></span> debt sales. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws132_2 gs1df\">The Gr<span class=\"__2 _200\"></span>oup also seeks to e<span class=\"__2 _202\"></span>xtend its debt collection period with cust<span class=\"__2 _200\"></span>omers in order t<span class=\"__2 _200\"></span>o increase </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13b_2 gs17d\">rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries fr<span class=\"__2 _200\"></span>om loan repa<span class=\"__2 _200\"></span>yments prior to t<span class=\"__2 _200\"></span>ermination of loan contr<span class=\"__2 _200\"></span>acts. Additionally<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse8_2 gs1e0\">negotiates f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d sale agreements with thir<span class=\"__2 _200\"></span>d parties to conduct r<span class=\"__2 _202\"></span>egular sales of ov<span class=\"__2 _200\"></span>erdue loan </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb2_2 gs17e\">facilities subsequent t<span class=\"__2 _200\"></span>o a great<span class=\"__2 _200\"></span>er lev<span class=\"__2 _202\"></span>el of ageing that is sufficient to enable Multitude to perform its </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5c_2 gs17f\">internal debt c<span class=\"__2 _200\"></span>ollection proc<span class=\"__2 _200\"></span>edures for a sufficiently e<span class=\"__2 _202\"></span>xtended period prior to sale. Subsequent t<span class=\"__2 _200\"></span>o </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws12_2 gs180\">the afor<span class=\"__2 _200\"></span>ementioned portfolio management str<span class=\"__2 _200\"></span>ategies being implement<span class=\"__2 _200\"></span>ed, the Group asses<span class=\"__2 _200\"></span>ses the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wseb_2 gs181\">impact, if any<span class=\"__2 _201\"></span>, on the definition of default tha<span class=\"__2 _200\"></span>t it uses in estimating IFRS 9 e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs182\">in the respectiv<span class=\"__2 _202\"></span>e territories.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd5_2 gs184\">The Gr<span class=\"__2 _200\"></span>oup considers other financial assets and cash and cash equiv<span class=\"__2 _200\"></span>alents to be in def<span class=\"__2 _200\"></span>ault when a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws35_2 gs185\">payment due (including a c<span class=\"__2 _200\"></span>oupon payment) is not c<span class=\"__2 _200\"></span>ompleted. In r<span class=\"__2 _200\"></span>elation to debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments, an </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs186\">e<span class=\"__2 _200\"></span>vent of def<span class=\"__2 _200\"></span>ault is also triggered in sc<span class=\"__2 _200\"></span>enarios when the inv<span class=\"__2 _200\"></span>estment co<span class=\"__2 _202\"></span>venants ar<span class=\"__2 _200\"></span>e not met.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff1_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs74\">4.2.5.3 Measuring ECL - Explanation of inputs, assumptions and es<span class=\"__2 _200\"></span>timation techniques<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa6_2 gs75\">The Gr<span class=\"__2 _200\"></span>oup calculates e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses (ECL) as a function of the estimated e<span class=\"__2 _202\"></span>xposure of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws144_2 gs1e1\">default (EAD<span class=\"__2 _202\"></span>), probability of default (PD<span class=\"__2 _200\"></span>), loss giv<span class=\"__2 _200\"></span>en default (L<span class=\"__2 _202\"></span>GD), and disc<span class=\"__2 _200\"></span>ounting using the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws130_2 gs76\">effectiv<span class=\"__2 _200\"></span>e inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate (EIR). The ECL is measur<span class=\"__2 _202\"></span>ed on either a 12-month or on a lifetime basis </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7e_2 gs77\">depending on whether a significant increase in cr<span class=\"__2 _200\"></span>edit risk has occurr<span class=\"__2 _202\"></span>ed since initial rec<span class=\"__2 _200\"></span>ognition or </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs78\">whether an asset is c<span class=\"__2 _200\"></span>onsidered to be cr<span class=\"__2 _200\"></span>edit-impair<span class=\"__2 _200\"></span>ed.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs7a\">L<span class=\"__2 _202\"></span>oans to customers<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws30_2 gs187\">The ECL for loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers are determined b<span class=\"__2 _202\"></span>y projecting the PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _202\"></span>GD at a collectiv<span class=\"__2 _200\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws145_2 gs7b\">portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el as allow<span class=\"__2 _200\"></span>able under IFRS 9 in the case of retail portf<span class=\"__2 _200\"></span>olios comprising individually </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13c_2 gs7c\">insignificant e<span class=\"__2 _200\"></span>xposures that ar<span class=\"__2 _200\"></span>e homogenous in natur<span class=\"__2 _200\"></span>e. These thr<span class=\"__2 _200\"></span>ee components ar<span class=\"__2 _200\"></span>e multiplied </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13c_2 gs188\">together eff<span class=\"__2 _200\"></span>ectively calculating the f<span class=\"__2 _200\"></span>orwar<span class=\"__2 _200\"></span>d-looking ECL, which is then discounted back t<span class=\"__2 _200\"></span>o the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws92_2 gs1e2\">reporting da<span class=\"__2 _200\"></span>te. The disc<span class=\"__2 _200\"></span>ount ra<span class=\"__2 _200\"></span>te used in the ECL calculation is the actual effectiv<span class=\"__2 _202\"></span>e interes<span class=\"__2 _200\"></span>t rat<span class=\"__2 _200\"></span>e or </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs7e\">an appro<span class=\"__2 _202\"></span>ximation thereof<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wscc_2 gs80\">The 12-month ECL is calculat<span class=\"__2 _200\"></span>ed by multiplying the 12-month PD<span class=\"__2 _202\"></span>, L<span class=\"__2 _200\"></span>GD<span class=\"__2 _200\"></span>, and EAD<span class=\"__2 _200\"></span>. Lifetime ECL is </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs189\">calculated on a similar basis f<span class=\"__2 _200\"></span>or the residual lif<span class=\"__2 _200\"></span>e of the exposur<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls1_2 ws68_2 gs83\">The PD<span class=\"__2 _202\"></span>, EAD and L<span class=\"__2 _200\"></span>GD paramet<span class=\"__2 _200\"></span>ers are deriv<span class=\"__2 _200\"></span>ed from int<span class=\"__2 _200\"></span>ernally dev<span class=\"__2 _202\"></span>eloped statistical models and other </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls1_2 ws0_2 gs84\">hist<span class=\"__2 _200\"></span>orical data, adjusted t<span class=\"__2 _200\"></span>o reflect forw<span class=\"__2 _200\"></span>ard-looking inf<span class=\"__2 _200\"></span>ormation as described below in this Not<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws146_2 gs18b\">The PD r<span class=\"__2 _200\"></span>epresents the lik<span class=\"__2 _200\"></span>elihood of a borro<span class=\"__2 _202\"></span>wer defaulting on its financial obligation (as per </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7a_2 gs18c\">\"definition of default and cr<span class=\"__2 _200\"></span>edit-impaired\" abo<span class=\"__2 _202\"></span>ve<span class=\"__2 _200\"></span>), either o<span class=\"__2 _200\"></span>ver the ne<span class=\"__2 _202\"></span>xt 12 months (12M PD), or o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs87\">the remaining lif<span class=\"__2 _200\"></span>etime (Lifetime PD<span class=\"__2 _200\"></span>) of the obligation. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11_2 gs18d\">In the case of micro lending f<span class=\"__2 _200\"></span>acilities with bullet repa<span class=\"__2 _200\"></span>yment charact<span class=\"__2 _200\"></span>eristics, the Gr<span class=\"__2 _200\"></span>oup utilises roll-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws15_2 gs89\">r<span class=\"__2 _200\"></span>ate methodology in or<span class=\"__2 _200\"></span>der to estimat<span class=\"__2 _200\"></span>e its PDs. This methodology emplo<span class=\"__2 _200\"></span>ys sta<span class=\"__2 _200\"></span>tistical analysis of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws6d_2 gs18e\">historical da<span class=\"__2 _200\"></span>ta and experienc<span class=\"__2 _200\"></span>e of delinquency and default t<span class=\"__2 _200\"></span>o estimate the amount of loans that </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1b_2 gs18f\">will e<span class=\"__2 _200\"></span>ventually be writt<span class=\"__2 _200\"></span>en off as unrec<span class=\"__2 _200\"></span>ov<span class=\"__2 _202\"></span>erable. This methodology is applied a<span class=\"__2 _200\"></span>t territory or c<span class=\"__2 _200\"></span>ountry </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws59_2 gs190\">lev<span class=\"__2 _202\"></span>el with adaptations to r<span class=\"__2 _200\"></span>eflect the different na<span class=\"__2 _200\"></span>ture of the r<span class=\"__2 _200\"></span>espective mark<span class=\"__2 _202\"></span>ets in which the Group </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws18_2 gs1e3\">oper<span class=\"__2 _200\"></span>ates. Under this methodology<span class=\"__2 _201\"></span>, loans are gr<span class=\"__2 _200\"></span>ouped into r<span class=\"__2 _200\"></span>anges acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o the number of day<span class=\"__2 _200\"></span>s </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsad_2 gs191\">past due and sta<span class=\"__2 _200\"></span>tistical analysis is used t<span class=\"__2 _200\"></span>o estimate the lik<span class=\"__2 _202\"></span>elihood that loans in each range will </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs192\">progr<span class=\"__2 _200\"></span>ess thr<span class=\"__2 _200\"></span>ough the various s<span class=\"__2 _200\"></span>tages of delinquency<span class=\"__2 _201\"></span>, and ultimately pr<span class=\"__2 _200\"></span>ov<span class=\"__2 _202\"></span>e irreco<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>able.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws145_2 gs24_1\">In the case of credit f<span class=\"__2 _200\"></span>acilities with charact<span class=\"__2 _200\"></span>eristics of instalment loans or r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving facilities, the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws142_2 gs25_1\">Group utilises c<span class=\"__2 _200\"></span>urve-s<span class=\"__2 _200\"></span>titching methodology in order t<span class=\"__2 _200\"></span>o estimat<span class=\"__2 _200\"></span>e its PDs. Under this approach, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws100_2 gs57_1\">an analysis of his<span class=\"__2 _200\"></span>torical default data is carried out in or<span class=\"__2 _202\"></span>der to estimate c<span class=\"__2 _200\"></span>umulative monthly los<span class=\"__2 _200\"></span>s </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws67_2 gs26_1\">r<span class=\"__2 _200\"></span>ates at v<span class=\"__2 _200\"></span>arious snapshot dates. Subsequently<span class=\"__2 _201\"></span>, statis<span class=\"__2 _200\"></span>tical analysis is emplo<span class=\"__2 _200\"></span>y<span class=\"__2 _200\"></span>ed in order t<span class=\"__2 _200\"></span>o combine </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9e_2 gs27_1\">curv<span class=\"__2 _200\"></span>es with differ<span class=\"__2 _200\"></span>ent historical performanc<span class=\"__2 _200\"></span>e window<span class=\"__2 _200\"></span>s into a single PD curv<span class=\"__2 _200\"></span>e o<span class=\"__2 _200\"></span>ver the e<span class=\"__2 _202\"></span>xpected </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd4_2 gs28_1\">lifetime of the micr<span class=\"__2 _200\"></span>o-credit e<span class=\"__2 _200\"></span>xposur<span class=\"__2 _200\"></span>es. This methodology is also applied at territ<span class=\"__2 _200\"></span>ory or country </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse0_2 gs29_1\">lev<span class=\"__2 _202\"></span>el in order to inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>te adaptations to r<span class=\"__2 _200\"></span>eflect the natur<span class=\"__2 _200\"></span>e of the different mark<span class=\"__2 _202\"></span>ets in which the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb6_2 gs2a_1\">Group oper<span class=\"__2 _202\"></span>ates. Under this approach, loans ar<span class=\"__2 _200\"></span>e also grouped int<span class=\"__2 _200\"></span>o ranges ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to the number </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2b_1\">of day<span class=\"__2 _200\"></span>s past due, with an individual lif<span class=\"__2 _200\"></span>etime PD curve being calc<span class=\"__2 _200\"></span>ulated for each r<span class=\"__2 _200\"></span>ange. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws15_2 gs2c_1\">For Micr<span class=\"__2 _200\"></span>o Loans, the Group utilises a r<span class=\"__2 _202\"></span>oll-rate methodology a<span class=\"__2 _200\"></span>t the country le<span class=\"__2 _200\"></span>vel, which emplo<span class=\"__2 _202\"></span>ys </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws147_2 gs2d_1\">statis<span class=\"__2 _200\"></span>tical analysis of hist<span class=\"__2 _200\"></span>orical data and experienc<span class=\"__2 _200\"></span>e of delinquency to es<span class=\"__2 _200\"></span>timate the number of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf3_2 gs59_1\">loans that ar<span class=\"__2 _200\"></span>e expect<span class=\"__2 _200\"></span>ed to r<span class=\"__2 _200\"></span>each default status as a r<span class=\"__2 _202\"></span>esult of ev<span class=\"__2 _200\"></span>ents which the Group is not able </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws94_2 gs2e_1\">to identify on an individual loan basis. Under this methodology<span class=\"__2 _201\"></span>, loans ar<span class=\"__2 _200\"></span>e grouped into buck<span class=\"__2 _202\"></span>ets </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa7_2 gs2f_1\">acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o the number of day<span class=\"__2 _200\"></span>s past due (\"DPD buckets\"). S<span class=\"__2 _200\"></span>tatistical analysis (Mark<span class=\"__2 _202\"></span>ov Model) </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws130_2 gs30_1\">is used to estima<span class=\"__2 _200\"></span>te the lik<span class=\"__2 _200\"></span>elihood that loans in each bucket will pr<span class=\"__2 _200\"></span>ogres<span class=\"__2 _200\"></span>s through the v<span class=\"__2 _200\"></span>arious </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10d_2 gs31_1\">stages of delinquency until def<span class=\"__2 _200\"></span>ault status is achie<span class=\"__2 _200\"></span>ved. F<span class=\"__2 _200\"></span>or the absolute majority of consumer loans, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs32_1\">default oc<span class=\"__2 _200\"></span>curs when the exposur<span class=\"__2 _202\"></span>e ex<span class=\"__2 _200\"></span>ceeds 90 da<span class=\"__2 _200\"></span>ys pas<span class=\"__2 _200\"></span>t due.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws148_2 gs33_1\">In line with IFRS 9, the Gr<span class=\"__2 _200\"></span>oup adopted the curv<span class=\"__2 _200\"></span>e-stit<span class=\"__2 _200\"></span>ching methodology to estimat<span class=\"__2 _200\"></span>e the unconditional </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws6f_2 gs34_1\">PDs for its Plus Loans, Prime Loans, SME loans, Cr<span class=\"__2 _200\"></span>edit Limit facilities, and Cr<span class=\"__2 _200\"></span>edit Cards. Under this </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa0_2 gs35_1\">approach, his<span class=\"__2 _200\"></span>torical default da<span class=\"__2 _200\"></span>ta analysis is carried out to es<span class=\"__2 _200\"></span>timate cumulativ<span class=\"__2 _202\"></span>e monthly loss rat<span class=\"__2 _200\"></span>es </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9a_2 gs36_1\">at v<span class=\"__2 _200\"></span>arious snapshot dates. Subsequently<span class=\"__2 _201\"></span>, statis<span class=\"__2 _200\"></span>tical analysis is emplo<span class=\"__2 _200\"></span>yed t<span class=\"__2 _200\"></span>o combine curv<span class=\"__2 _202\"></span>es with </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws104_2 gs5b_1\">differ<span class=\"__2 _200\"></span>ent historical perf<span class=\"__2 _200\"></span>ormance windo<span class=\"__2 _200\"></span>ws into a single PD curv<span class=\"__2 _202\"></span>e ov<span class=\"__2 _200\"></span>er the e<span class=\"__2 _200\"></span>xpected lifetime of the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb5_2 gs37_1\">short-term cr<span class=\"__2 _200\"></span>edit e<span class=\"__2 _200\"></span>xposures. Loans ar<span class=\"__2 _200\"></span>e further grouped int<span class=\"__2 _200\"></span>o ranges ac<span class=\"__2 _200\"></span>cor<span class=\"__2 _200\"></span>ding to the number of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws99_2 gs38_1\">day<span class=\"__2 _200\"></span>s past due, with an individual lif<span class=\"__2 _200\"></span>etime PD curve calc<span class=\"__2 _200\"></span>ulated for each r<span class=\"__2 _200\"></span>ange. Similar t<span class=\"__2 _200\"></span>o Micro </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7a_2 gs39_1\">Loans, this methodology is also applied at the t<span class=\"__2 _200\"></span>erritory or country le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el to incorpor<span class=\"__2 _202\"></span>ate adaptations </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws108_2 gs3a_1\">to r<span class=\"__2 _200\"></span>eflect the nature of the diff<span class=\"__2 _200\"></span>erent mark<span class=\"__2 _200\"></span>ets in which the Group oper<span class=\"__2 _202\"></span>ates. The unconditional </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws149_2 gs5c_1\">PD for each loan portfolio is further adjus<span class=\"__2 _200\"></span>ted to c<span class=\"__2 _200\"></span>onsider forwar<span class=\"__2 _202\"></span>d-looking information through </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3b_1\">macroec<span class=\"__2 _200\"></span>onomic modelling to arriv<span class=\"__2 _200\"></span>e at the applicable PD<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws66_2 gs3d_1\">EAD is based on the amounts Multitude e<span class=\"__2 _200\"></span>xpects to be o<span class=\"__2 _200\"></span>wed at the time of def<span class=\"__2 _200\"></span>ault, o<span class=\"__2 _200\"></span>ver the ne<span class=\"__2 _202\"></span>xt </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf7_2 gs55_1\">12 months (12M EAD<span class=\"__2 _200\"></span>) or ov<span class=\"__2 _202\"></span>er the remaining lifetime (Lifetime EAD<span class=\"__2 _202\"></span>). EAD repr<span class=\"__2 _200\"></span>esents the expect<span class=\"__2 _200\"></span>ed </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3e_1\">e<span class=\"__2 _200\"></span>xposure in the e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ent of a default (including any e<span class=\"__2 _202\"></span>xpected dra<span class=\"__2 _200\"></span>wdo<span class=\"__2 _200\"></span>wns of committ<span class=\"__2 _200\"></span>ed facilities<span class=\"__2 _200\"></span>). </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsfe_2 gs40_1\">The 12-month and lifetime EADs ar<span class=\"__2 _200\"></span>e determined based on the t<span class=\"__2 _200\"></span>otal balance of r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>able at the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14a_2 gs41_1\">reporting da<span class=\"__2 _200\"></span>te, taking int<span class=\"__2 _200\"></span>o account the t<span class=\"__2 _200\"></span>otal amount rec<span class=\"__2 _200\"></span>eivable fr<span class=\"__2 _200\"></span>om borro<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ers inclusive of principal, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb5_2 gs42_1\">inter<span class=\"__2 _200\"></span>est and fees that ar<span class=\"__2 _200\"></span>e acc<span class=\"__2 _200\"></span>ounted for as part of the eff<span class=\"__2 _200\"></span>ective int<span class=\"__2 _200\"></span>eres<span class=\"__2 _200\"></span>t rat<span class=\"__2 _200\"></span>e. This is deemed an </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd3_2 gs43_1\">adequate r<span class=\"__2 _200\"></span>epresenta<span class=\"__2 _200\"></span>tion of the expect<span class=\"__2 _200\"></span>ed balance at def<span class=\"__2 _200\"></span>ault in the case of the Multitude\u2019s cr<span class=\"__2 _200\"></span>edit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws6f_2 gs44_1\">facilities giv<span class=\"__2 _202\"></span>en that the Group models its ECLs on a collectiv<span class=\"__2 _202\"></span>e portfolio lev<span class=\"__2 _200\"></span>el with the modelling of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws83_2 gs1a_1\">the EAD for each futur<span class=\"__2 _200\"></span>e month on an individual loan-by<span class=\"__2 _200\"></span>-loan basis not being deemed practical. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1_2 gs1b_1\">Additionally<span class=\"__2 _201\"></span>, in the case of r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities the Gr<span class=\"__2 _200\"></span>oup also fact<span class=\"__2 _200\"></span>ors in expect<span class=\"__2 _200\"></span>ed dra<span class=\"__2 _200\"></span>wdo<span class=\"__2 _202\"></span>wns </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1c_1\">of committ<span class=\"__2 _200\"></span>ed facilities.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10_2 gs1e_1\">For Micr<span class=\"__2 _200\"></span>o Loans, the Group c<span class=\"__2 _200\"></span>onsiders the gros<span class=\"__2 _200\"></span>s balance, including the principal and pr<span class=\"__2 _200\"></span>oces<span class=\"__2 _200\"></span>sing </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7e_2 gs45_1\">fees char<span class=\"__2 _200\"></span>ged at the loan's inception (and r<span class=\"__2 _200\"></span>epay<span class=\"__2 _200\"></span>able at the loan maturity), of its outstanding loans </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1f_1\">to cus<span class=\"__2 _200\"></span>tomers at the r<span class=\"__2 _200\"></span>eporting date t<span class=\"__2 _200\"></span>o be a reasonable estimat<span class=\"__2 _200\"></span>e of EAD regar<span class=\"__2 _200\"></span>ding this facility<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws87_2 gs21_1\">On the other hand, Plus Loans, Prime Loans and SME loans ar<span class=\"__2 _200\"></span>e typically subject to a monthly </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws6c_2 gs22_1\">repa<span class=\"__2 _200\"></span>yment schedule e<span class=\"__2 _200\"></span>xpected to impact EAD a<span class=\"__2 _200\"></span>t different points in time thr<span class=\"__2 _200\"></span>oughout the residual<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws8a_2 gs1e6\">life of such facilities. Similarly<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup charges daily int<span class=\"__2 _200\"></span>erest on outs<span class=\"__2 _200\"></span>tanding balances in r<span class=\"__2 _200\"></span>elation </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14b_2 gs1e7\">to Cr<span class=\"__2 _200\"></span>edit Limit facilities and Cr<span class=\"__2 _200\"></span>edit Cards, and c<span class=\"__2 _200\"></span>ollects monthly minimum repa<span class=\"__2 _200\"></span>yments, which </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1e8\">ultimately impacts EAD<span class=\"__2 _202\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7c_2 gs1e9\">Ho<span class=\"__2 _200\"></span>we<span class=\"__2 _200\"></span>ver<span class=\"__2 _201\"></span>, because Plus L<span class=\"__2 _200\"></span>oans, Prime Loans, SME loans, Credit Limit f<span class=\"__2 _200\"></span>acilities, and Credit Car<span class=\"__2 _200\"></span>ds </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14c_2 gs1ea\">typically hav<span class=\"__2 _202\"></span>e high volumes and lo<span class=\"__2 _200\"></span>w values individually<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup opts not to calculat<span class=\"__2 _200\"></span>e the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws6_2 gs1eb\">amortisation pr<span class=\"__2 _200\"></span>ofile to estimat<span class=\"__2 _200\"></span>e the EAD across v<span class=\"__2 _202\"></span>arious points in time throughout the remaining </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse8_2 gs1ec\">lifespan of these f<span class=\"__2 _200\"></span>acilities. Instead, the Gr<span class=\"__2 _200\"></span>oup deems the gros<span class=\"__2 _200\"></span>s balance of its outstanding loans </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse8_2 gs1ed\">to cus<span class=\"__2 _200\"></span>tomers at the r<span class=\"__2 _200\"></span>eporting date, which includes both principal and ac<span class=\"__2 _200\"></span>crued inter<span class=\"__2 _200\"></span>est, to be a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1ee\">reasonable appr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ximation of the EAD for these f<span class=\"__2 _200\"></span>acilities.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14_2 gs1ef\">The L<span class=\"__2 _202\"></span>GD repr<span class=\"__2 _200\"></span>esents the Group\u2019<span class=\"__2 _200\"></span>s e<span class=\"__2 _200\"></span>xpectation of the e<span class=\"__2 _200\"></span>xtent of loss on a def<span class=\"__2 _200\"></span>aulted e<span class=\"__2 _200\"></span>xposure. Henc<span class=\"__2 _200\"></span>e, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws2a_2 gs1f0\">the L<span class=\"__2 _202\"></span>GD represents e<span class=\"__2 _202\"></span>xpected credit los<span class=\"__2 _200\"></span>ses on the EAD given the e<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ent of default, taking into </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd_2 gs1f1\">acc<span class=\"__2 _200\"></span>ount, among other attributes, the mitigating effect of c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _202\"></span>al values (if any) at the time it is </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsda_2 gs1f2\">e<span class=\"__2 _200\"></span>xpected to be r<span class=\"__2 _200\"></span>ealised and the time v<span class=\"__2 _200\"></span>alue of money<span class=\"__2 _201\"></span>. The L<span class=\"__2 _202\"></span>GD is determined based on the fact<span class=\"__2 _200\"></span>ors </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1f3\">which impact the rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries made pos<span class=\"__2 _200\"></span>t default.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14d_2 gs1f4\">Giv<span class=\"__2 _200\"></span>en that its credit f<span class=\"__2 _200\"></span>acilities are gener<span class=\"__2 _200\"></span>ally unsecured in na<span class=\"__2 _200\"></span>ture, the Gr<span class=\"__2 _200\"></span>oup estimat<span class=\"__2 _200\"></span>es L<span class=\"__2 _200\"></span>GD par<span class=\"__2 _200\"></span>ameters </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14e_2 gs1f5\">based on the hist<span class=\"__2 _200\"></span>ory of reco<span class=\"__2 _202\"></span>very r<span class=\"__2 _200\"></span>ates in r<span class=\"__2 _200\"></span>espect of claims against default<span class=\"__2 _200\"></span>ed cust<span class=\"__2 _200\"></span>omers, which rat<span class=\"__2 _200\"></span>es </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa0_2 gs1f6\">are highly impact<span class=\"__2 _200\"></span>ed by c<span class=\"__2 _200\"></span>ollectiv<span class=\"__2 _200\"></span>e debt reco<span class=\"__2 _202\"></span>very str<span class=\"__2 _202\"></span>ategies. Moreo<span class=\"__2 _202\"></span>ver<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup\u2019s L<span class=\"__2 _202\"></span>GDs comprise </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11f_2 gs1f7\">the effects of the Multitude\u2019<span class=\"__2 _200\"></span>s ability to dispose of o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue loans originat<span class=\"__2 _200\"></span>ed in specific territories </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws6b_2 gs1f8\">to other parties at pr<span class=\"__2 _200\"></span>e-established pric<span class=\"__2 _200\"></span>es, that are dependent on the cr<span class=\"__2 _200\"></span>edit quality or ageing of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsdf_2 gs1f9\">the loans. Estimat<span class=\"__2 _200\"></span>ed L<span class=\"__2 _200\"></span>GDs are also impact<span class=\"__2 _200\"></span>ed by his<span class=\"__2 _200\"></span>torical one-off portfolio sales and the e<span class=\"__2 _200\"></span>xpected </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws21_2 gs1fa\">future unc<span class=\"__2 _200\"></span>ontract<span class=\"__2 _200\"></span>ed portfolio sales activity<span class=\"__2 _201\"></span>. Reco<span class=\"__2 _202\"></span>veries fr<span class=\"__2 _200\"></span>om loan portfolio sales ar<span class=\"__2 _200\"></span>e calculated on </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1fb\">a discount<span class=\"__2 _200\"></span>ed cash flow basis using the c<span class=\"__2 _200\"></span>ontractual int<span class=\"__2 _200\"></span>erest r<span class=\"__2 _202\"></span>ate as the discounting f<span class=\"__2 _200\"></span>actor<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14f_2 gs1fc\">For Micr<span class=\"__2 _200\"></span>o Loans, the Gr<span class=\"__2 _200\"></span>oup utilises statistical informa<span class=\"__2 _200\"></span>tion and the roll-r<span class=\"__2 _200\"></span>ate methodology t<span class=\"__2 _200\"></span>o estimate </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsae_2 gs1fd\">the le<span class=\"__2 _200\"></span>vel of r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries from loan r<span class=\"__2 _200\"></span>epayments it e<span class=\"__2 _202\"></span>xpects after loan facilities r<span class=\"__2 _200\"></span>each a non-performing </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1fe\">status.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws150_2 gs1ff\">For Plus Loans, Prime L<span class=\"__2 _200\"></span>oans, SME loans, Credit Limit facilities, and Cr<span class=\"__2 _202\"></span>edit Cards, the Group es<span class=\"__2 _200\"></span>timates </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsae_2 gs200\">the le<span class=\"__2 _200\"></span>vel of r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries from loan r<span class=\"__2 _200\"></span>epayments it e<span class=\"__2 _202\"></span>xpects after loan facilities r<span class=\"__2 _200\"></span>each a non-performing </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf7_2 gs201\">status. T<span class=\"__2 _200\"></span>he Group calculat<span class=\"__2 _200\"></span>es the marginal r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery rat<span class=\"__2 _200\"></span>es up to 12 months aft<span class=\"__2 _200\"></span>er default by tr<span class=\"__2 _202\"></span>acking </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws97_2 gs202\">the monthly rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries fr<span class=\"__2 _200\"></span>om loan repa<span class=\"__2 _200\"></span>yments e<span class=\"__2 _200\"></span>xperienced o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er each performance windo<span class=\"__2 _200\"></span>w as a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14e_2 gs203\">perc<span class=\"__2 _200\"></span>entage of the total balanc<span class=\"__2 _200\"></span>e of defaulted e<span class=\"__2 _202\"></span>xposures at each snapshot date<span class=\"__2 _200\"></span>. Expected r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsef_2 gs204\">are calc<span class=\"__2 _200\"></span>ulated on a discount<span class=\"__2 _200\"></span>ed cash flow basis using the c<span class=\"__2 _200\"></span>ontractual def<span class=\"__2 _200\"></span>ault inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ate as the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs205\">discounting f<span class=\"__2 _200\"></span>actor<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws151_2 gs206\">The ECL is measur<span class=\"__2 _200\"></span>ed from the initial r<span class=\"__2 _200\"></span>ecognition of the financial asset. T<span class=\"__2 _200\"></span>he maximum period </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse5_2 gs207\">consider<span class=\"__2 _200\"></span>ed when measuring ECL (be it 12-month or lifetime ECL) is the maximum contr<span class=\"__2 _202\"></span>actual </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws120_2 gs208\">period o<span class=\"__2 _200\"></span>ver which Multitude is e<span class=\"__2 _202\"></span>xposed to credit risk. W<span class=\"__2 _200\"></span>ith respect t<span class=\"__2 _200\"></span>o non-re<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>olving credit facilities, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd2_2 gs209\">the contr<span class=\"__2 _200\"></span>actual life of the f<span class=\"__2 _200\"></span>acility is considered. In the case of r<span class=\"__2 _200\"></span>e<span class=\"__2 _200\"></span>volving cr<span class=\"__2 _200\"></span>edit facilities, pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vided </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb_2 gs20a\">that such facilities do not ha<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e a fixed t<span class=\"__2 _200\"></span>erm or repa<span class=\"__2 _200\"></span>yment structur<span class=\"__2 _200\"></span>e, the Gr<span class=\"__2 _200\"></span>oup defines the lifetime </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws152_2 gs20b\">of such e<span class=\"__2 _200\"></span>xposures as 2<span class=\"__2 _200\"></span>4 months in line with observ<span class=\"__2 _200\"></span>ed borro<span class=\"__2 _200\"></span>wer beha<span class=\"__2 _200\"></span>viour in the respectiv<span class=\"__2 _202\"></span>e </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws3_2 gs20c\">territ<span class=\"__2 _200\"></span>ories. The lifetime of r<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>olving credit facilities is r<span class=\"__2 _200\"></span>e-assessed b<span class=\"__2 _202\"></span>y the Group at a territ<span class=\"__2 _200\"></span>ory lev<span class=\"__2 _202\"></span>el </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs20d\">based on more r<span class=\"__2 _200\"></span>ecent borr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>wer beha<span class=\"__2 _200\"></span>viour patterns on a periodic basis. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws90_2 gs20e\">The Gr<span class=\"__2 _200\"></span>oup performs a hist<span class=\"__2 _200\"></span>orical analysis to identify the k<span class=\"__2 _202\"></span>ey economic v<span class=\"__2 _202\"></span>ariables affecting credit risk </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13_2 gs20f\">and e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit losses for each pr<span class=\"__2 _200\"></span>oduct portfolio at a territ<span class=\"__2 _200\"></span>ory lev<span class=\"__2 _202\"></span>el. These economic v<span class=\"__2 _200\"></span>ariables </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs210\">and their associat<span class=\"__2 _200\"></span>ed impact on the PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _200\"></span>GD may v<span class=\"__2 _200\"></span>ary b<span class=\"__2 _200\"></span>y portfolio or territ<span class=\"__2 _200\"></span>ory<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span> </div>The Gr<span class=\"__2 _200\"></span>oup discounts the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erable amount of loans t<span class=\"__2 _200\"></span>o customers, which r<span class=\"__2 _200\"></span>epresents the futur<span class=\"__2 _200\"></span>e cash flo<span class=\"__2 _200\"></span>ws e<span class=\"__2 _200\"></span>xpected to be r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _202\"></span>ed from loan sales and loan repa<span class=\"__2 _200\"></span>yment rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>veries using the original EIR of the product f<span class=\"__2 _200\"></span>or the applicable discount period. In the case of forw<span class=\"__2 _200\"></span>ard <span class=\"__2 _200\"></span>sales, a time-<span class=\"__2 _25f\"> </span>to-sell period of 12 months is as<span class=\"__2 _200\"></span>sumed, whereas r<span class=\"__2 _200\"></span>epayment r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eries are disc<span class=\"__2 _200\"></span>ounted monthly based on the month of occurr<span class=\"__2 _200\"></span>ence<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span>Debt in<span class=\"__2 _200\"></span>vestments<span class=\"__2 _25f\"> </span>In rela<span class=\"__2 _200\"></span>tion to debt inv<span class=\"__2 _202\"></span>estments, the Group also c<span class=\"__2 _200\"></span>onducts periodical assessments in r<span class=\"__2 _200\"></span>elation to the respectiv<span class=\"__2 _202\"></span>e underlying collater<span class=\"__2 _200\"></span>al, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should acc<span class=\"__2 _200\"></span>ount for e<span class=\"__2 _200\"></span>xpected credit los<span class=\"__2 _200\"></span>ses. In order for its ECL methodology t<span class=\"__2 _200\"></span>o repr<span class=\"__2 _200\"></span>esent an appropria<span class=\"__2 _200\"></span>te estimation of its cr<span class=\"__2 _200\"></span>edit risk emanating fr<span class=\"__2 _200\"></span>om said exposur<span class=\"__2 _200\"></span>es, the Group as<span class=\"__2 _200\"></span>sesses the ECL on each e<span class=\"__2 _200\"></span>xposure separ<span class=\"__2 _200\"></span>ately<span class=\"__2 _201\"></span>. Consist<span class=\"__2 _200\"></span>ent with regulat<span class=\"__2 _200\"></span>ory and industry best pr<span class=\"__2 _202\"></span>actices, the Group\u2019<span class=\"__2 _200\"></span>s ECL calculations ar<span class=\"__2 _200\"></span>e based on PD<span class=\"__2 _200\"></span>, EAD and L<span class=\"__2 _202\"></span>GD. The PD of the entity is deriv<span class=\"__2 _200\"></span>ed through an int<span class=\"__2 _200\"></span>ernal credit r<span class=\"__2 _202\"></span>ating on the counterparty which is determined using an int<span class=\"__2 _200\"></span>ernal model that the Bank dev<span class=\"__2 _202\"></span>eloped, from information obtained b<span class=\"__2 _202\"></span>y e<span class=\"__2 _200\"></span>xternal cr<span class=\"__2 _200\"></span>edit bureaus or other pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>xies as applicable. In the absence of sufficient int<span class=\"__2 _200\"></span>ernal historical default data, in or<span class=\"__2 _200\"></span>der to es<span class=\"__2 _200\"></span>timate PDs, the Gr<span class=\"__2 _200\"></span>oup makes r<span class=\"__2 _200\"></span>efer<span class=\"__2 _200\"></span>ence to e<span class=\"__2 _202\"></span>xternal publicly av<span class=\"__2 _200\"></span>ailable information published b<span class=\"__2 _200\"></span>y S&amp;P Global Ratings in the case of e<span class=\"__2 _200\"></span>xposures t<span class=\"__2 _200\"></span>o corpor<span class=\"__2 _200\"></span>ate entities.<span class=\"__2 _25f\"> </span>Debt inv<span class=\"__2 _202\"></span>estments are typically subject t<span class=\"__2 _200\"></span>o bullet repa<span class=\"__2 _200\"></span>yments upon maturity with only inter<span class=\"__2 _200\"></span>est (<span class=\"__2 _200\"></span>coupon) payments being paid separ<span class=\"__2 _202\"></span>ately throughout the useful lif<span class=\"__2 _200\"></span>e of the financial assets. Thus, assuming no int<span class=\"__2 _200\"></span>erest pa<span class=\"__2 _200\"></span>yments are in arr<span class=\"__2 _200\"></span>ears, the EAD equates t<span class=\"__2 _200\"></span>o the inv<span class=\"__2 _202\"></span>estment itself<span class=\"__2 _200\"></span>. The L<span class=\"__2 _202\"></span>GD is derived based on the los<span class=\"__2 _200\"></span>s arising on default when comparing the initial in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment and the e<span class=\"__2 _200\"></span>xpected r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>ver<span class=\"__2 _202\"></span>ability of the collater<span class=\"__2 _200\"></span>al. On the other hand, in estimating L<span class=\"__2 _202\"></span>GD for debt inv<span class=\"__2 _202\"></span>estments, the Group r<span class=\"__2 _200\"></span>efers to the his<span class=\"__2 _200\"></span>torical corpor<span class=\"__2 _200\"></span>ate debt r<span class=\"__2 _202\"></span>ecov<span class=\"__2 _202\"></span>ery rat<span class=\"__2 _200\"></span>es for senior unsecured bond issuers published b<span class=\"__2 _200\"></span>y Moody\u2019s. In this r<span class=\"__2 _200\"></span>egard, the Gr<span class=\"__2 _202\"></span>oup assumes that its L<span class=\"__2 _200\"></span>GD is repr<span class=\"__2 _200\"></span>esented b<span class=\"__2 _200\"></span>y the inv<span class=\"__2 _202\"></span>erse of the corpora<span class=\"__2 _200\"></span>te and so<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>eign rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very r<span class=\"__2 _200\"></span>ates published b<span class=\"__2 _202\"></span>y Moody\u2019s. Mor<span class=\"__2 _200\"></span>e specifically<span class=\"__2 _201\"></span>, the Group utilises the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _202\"></span>very measur<span class=\"__2 _200\"></span>e pro<span class=\"__2 _200\"></span>vided b<span class=\"__2 _200\"></span>y Moody's which is based on ultimate r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>veries, or the v<span class=\"__2 _200\"></span>alue creditors r<span class=\"__2 _200\"></span>ealise at the r<span class=\"__2 _200\"></span>esolution of a default e<span class=\"__2 _200\"></span>vent. F<span class=\"__2 _200\"></span>or e<span class=\"__2 _200\"></span>xample, for is<span class=\"__2 _200\"></span>suers filing for bankrupt<span class=\"__2 _200\"></span>cy<span class=\"__2 _201\"></span>, the ultimate rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very is the pr<span class=\"__2 _200\"></span>esent value of the cash and/<span class=\"__2 _201\"></span>or securities that the credit<span class=\"__2 _200\"></span>ors actually rec<span class=\"__2 _200\"></span>eive when the is<span class=\"__2 _200\"></span>suer exits bankrupt<span class=\"__2 _200\"></span>cy<span class=\"__2 _201\"></span>, typically one to tw<span class=\"__2 _200\"></span>o years f<span class=\"__2 _200\"></span>ollowing the initial default dat<span class=\"__2 _200\"></span>e.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup discounts the r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erable amount of debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments using the original EIR.<span class=\"__2 _25f\"> </span>Cash and cash equivalents<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of individual count<span class=\"__2 _200\"></span>erparties. These published gr<span class=\"__2 _200\"></span>ades are continuously monit<span class=\"__2 _200\"></span>ored and upda<span class=\"__2 _200\"></span>ted. The PDs associat<span class=\"__2 _200\"></span>ed with each grade ar<span class=\"__2 _200\"></span>e determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the prior 12 months, as published by r<span class=\"__2 _202\"></span>ating agencies. In determining the probability of def<span class=\"__2 _200\"></span>ault of individual count<span class=\"__2 _200\"></span>erparties, the Group distinguishes betw<span class=\"__2 _202\"></span>een exposur<span class=\"__2 _200\"></span>es consider<span class=\"__2 _200\"></span>ed \u2018inv<span class=\"__2 _200\"></span>estment-gr<span class=\"__2 _200\"></span>ade\u2019 defined b<span class=\"__2 _200\"></span>y recognised e<span class=\"__2 _202\"></span>xternal ra<span class=\"__2 _200\"></span>ting agencies as a rating betw<span class=\"__2 _200\"></span>een AA<span class=\"__2 _200\"></span>A<span class=\"__2 _200\"></span>-BBB- (Standar<span class=\"__2 _200\"></span>d &amp; Poor<span class=\"__2 _203\"></span>\u2019s, Fit<span class=\"__2 _200\"></span>ch) and Aaa-Baa3 (Moody\u2019<span class=\"__2 _200\"></span>s), and \u2018non-in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tment grade\u2019 e<span class=\"__2 _200\"></span>xposures. Similarly<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup utilises S&amp;P Global Ratings in the case of e<span class=\"__2 _200\"></span>xposures t<span class=\"__2 _200\"></span>o sov<span class=\"__2 _202\"></span>ereign issuers (f<span class=\"__2 _200\"></span>or balances with Centr<span class=\"__2 _200\"></span>al Banks<span class=\"__2 _200\"></span>). In those cases where public inf<span class=\"__2 _200\"></span>ormation by S&amp;P Global Ra<span class=\"__2 _200\"></span>tings in relation t<span class=\"__2 _200\"></span>o sov<span class=\"__2 _202\"></span>ereigns is not av<span class=\"__2 _202\"></span>ailable, the Group utilises, Moody\u2019<span class=\"__2 _200\"></span>s \u2018Sov<span class=\"__2 _202\"></span>ereign Default and R<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery Rates\u2019.<span class=\"__2 _25f\"> </span><div class=\"t_2 m0_2 hd_2 ff4_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs224\">Other financial assets<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws138_2 gs225\">The Gr<span class=\"__2 _200\"></span>oup uses ext<span class=\"__2 _200\"></span>ernal risk grades t<span class=\"__2 _200\"></span>o reflect its as<span class=\"__2 _200\"></span>sessment of the probability of def<span class=\"__2 _200\"></span>ault of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd3_2 gs226\">individual count<span class=\"__2 _200\"></span>erparties. These published gr<span class=\"__2 _200\"></span>ades are continuously monit<span class=\"__2 _200\"></span>ored and upda<span class=\"__2 _200\"></span>ted. The </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsc1_2 gs227\">PDs associat<span class=\"__2 _200\"></span>ed with each grade ar<span class=\"__2 _200\"></span>e determined based on r<span class=\"__2 _200\"></span>ealised default r<span class=\"__2 _200\"></span>ates o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the prior 12 </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs228\">months, as published b<span class=\"__2 _200\"></span>y rating agencies.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 hd_2 ff1_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs229\">4.2.5.4 Forw<span class=\"__2 _200\"></span>ard-looking information inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>ted in the ECL model </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7c_2 gs22a\">The calculation of ECL inc<span class=\"__2 _200\"></span>orpora<span class=\"__2 _200\"></span>tes forw<span class=\"__2 _200\"></span>ard-looking informa<span class=\"__2 _200\"></span>tion. The Group has identified k<span class=\"__2 _202\"></span>ey </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse5_2 gs22b\">driv<span class=\"__2 _200\"></span>ers of credit risk and cr<span class=\"__2 _200\"></span>edit losses for each portfolio of financial ins<span class=\"__2 _200\"></span>truments and using an </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws115_2 gs22c\">analysis of his<span class=\"__2 _200\"></span>torical data, has analy<span class=\"__2 _200\"></span>sed relationships betw<span class=\"__2 _200\"></span>een macroec<span class=\"__2 _200\"></span>onomic variables, cr<span class=\"__2 _202\"></span>edit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9a_2 gs22d\">risk and credit los<span class=\"__2 _200\"></span>ses. This analysis is c<span class=\"__2 _200\"></span>onducted at a t<span class=\"__2 _200\"></span>erritory and sub portfolio le<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>el in order t<span class=\"__2 _200\"></span>o </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws70_2 gs22e\">tak<span class=\"__2 _200\"></span>e into consider<span class=\"__2 _200\"></span>ation possible differ<span class=\"__2 _202\"></span>ences in customer beha<span class=\"__2 _200\"></span>viour and default e<span class=\"__2 _202\"></span>xperience arising </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs22f\">from diff<span class=\"__2 _200\"></span>erent pr<span class=\"__2 _200\"></span>oduct charact<span class=\"__2 _200\"></span>eristics. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws4_2 gs230\">T<span class=\"__2 _210\"></span>o be able to determine the manner in which ec<span class=\"__2 _200\"></span>onomic conditions will be impacting the ECL </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse3_2 gs231\">estimat<span class=\"__2 _200\"></span>es, the Group first perf<span class=\"__2 _200\"></span>orms an assessment t<span class=\"__2 _200\"></span>o select the Macroeconomic V<span class=\"__2 _201\"></span>ariable (\u2018MEV\u2019) </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11e_2 gs232\">which has the highest corr<span class=\"__2 _202\"></span>elation to credit risk f<span class=\"__2 _200\"></span>actors for a c<span class=\"__2 _200\"></span>ertain country and pr<span class=\"__2 _200\"></span>oduct. The </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa4_2 gs233\">Group does this thr<span class=\"__2 _200\"></span>ough the implementation of a one-st<span class=\"__2 _200\"></span>ep Error C<span class=\"__2 _200\"></span>orrection Model (\u2018ECM\u2019). The </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws87_2 gs234\">ECM is a multiple regr<span class=\"__2 _200\"></span>ession model that aut<span class=\"__2 _200\"></span>omatically corr<span class=\"__2 _200\"></span>ects short-term de<span class=\"__2 _200\"></span>viations from the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws158_2 gs235\">long-term equilibrium r<span class=\"__2 _200\"></span>elationship such that the default<span class=\"__2 _200\"></span>ed loan amount is res<span class=\"__2 _200\"></span>tor<span class=\"__2 _200\"></span>ed back to its </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs236\">long-term equilibrium at a specific speed of adjus<span class=\"__2 _200\"></span>tment. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsbc_2 gs237\">Thr<span class=\"__2 _200\"></span>ough the utilisation of this model the Group has det<span class=\"__2 _200\"></span>ermined a set of four MEV<span class=\"__2 _202\"></span>s to which the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9a_2 gs238\">Group\u2019<span class=\"__2 _202\"></span>s portfolios are the most sensitiv<span class=\"__2 _202\"></span>e, namely Gros<span class=\"__2 _200\"></span>s Domestic Product (\u2018GDP\u2019), Personal Dis<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5b_2 gs239\">posable Income (\u2018PDI), and Unemplo<span class=\"__2 _202\"></span>yment Rate (\u2018UR\u2019) for Micr<span class=\"__2 _200\"></span>o Loans, Plus Loans, Credit Limit </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7b_2 gs120\">facilities, Cr<span class=\"__2 _200\"></span>edit Cards and Prime Loans, wher<span class=\"__2 _202\"></span>eas Consumption Rate Priv<span class=\"__2 _200\"></span>ate (\u2018CRP\u2019) is the ke<span class=\"__2 _200\"></span>y </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd8_2 gs23a\">driv<span class=\"__2 _200\"></span>er for SME Loans and corpor<span class=\"__2 _202\"></span>ate loans. The choice of macr<span class=\"__2 _202\"></span>oeconomic variable t<span class=\"__2 _200\"></span>o be used for a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws4e_2 gs23b\">particular territ<span class=\"__2 _200\"></span>ory and product is det<span class=\"__2 _200\"></span>ermined through an optimised appr<span class=\"__2 _200\"></span>oach in which the ECM is </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd8_2 gs23c\">run separa<span class=\"__2 _200\"></span>tely for each of these v<span class=\"__2 _200\"></span>ariables. The v<span class=\"__2 _200\"></span>ariable that is ultimately applied f<span class=\"__2 _200\"></span>or the territory / </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs23d\">product is the one tha<span class=\"__2 _200\"></span>t produces the mos<span class=\"__2 _200\"></span>t statistically significant r<span class=\"__2 _200\"></span>esult. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsed_2 gs23e\">In order t<span class=\"__2 _200\"></span>o capture a r<span class=\"__2 _202\"></span>ange of possible future out<span class=\"__2 _200\"></span>comes, three pos<span class=\"__2 _200\"></span>sible scenarios ar<span class=\"__2 _200\"></span>e consider<span class=\"__2 _200\"></span>ed in </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa5_2 gsc6\">the determination of the Gr<span class=\"__2 _200\"></span>oup\u2019<span class=\"__2 _200\"></span>s ECL. The \u2018base line\u2019 scenario r<span class=\"__2 _200\"></span>epresents the mos<span class=\"__2 _200\"></span>t likely out<span class=\"__2 _200\"></span>come. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws60_2 gsc7\">It is based on for<span class=\"__2 _200\"></span>ecasted ec<span class=\"__2 _200\"></span>onomic variables, pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>vided by Oxf<span class=\"__2 _200\"></span>ord Ec<span class=\"__2 _200\"></span>onomics, and pro<span class=\"__2 _202\"></span>vides the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7d_2 gsc8\">best estima<span class=\"__2 _200\"></span>te vie<span class=\"__2 _200\"></span>w of each respectiv<span class=\"__2 _200\"></span>e country within the Gr<span class=\"__2 _200\"></span>oup\u2019s lending portf<span class=\"__2 _200\"></span>olio. Apart fr<span class=\"__2 _200\"></span>om </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf5_2 gsc9\">the \u2018base line\u2019 scenario<span class=\"__2 _200\"></span>, the Group c<span class=\"__2 _200\"></span>onsiders two other macr<span class=\"__2 _200\"></span>oeconomic sc<span class=\"__2 _200\"></span>enarios \u2013 \u2018Upside\u2019 and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws4_2 gsca\">\u2018Do<span class=\"__2 _200\"></span>wnside\u2019 scenarios \u2013 which respectiv<span class=\"__2 _202\"></span>ely repr<span class=\"__2 _200\"></span>esent a more optimistic and a mor<span class=\"__2 _202\"></span>e pessimistic </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs23f\">outc<span class=\"__2 _200\"></span>ome, as further e<span class=\"__2 _200\"></span>xplained in this section. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws67_2 gscc\">Each scenario is w<span class=\"__2 _200\"></span>eighted b<span class=\"__2 _200\"></span>y a probability of oc<span class=\"__2 _200\"></span>currenc<span class=\"__2 _200\"></span>e, determined b<span class=\"__2 _202\"></span>y a combination of macro<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws159_2 gscd\">economic r<span class=\"__2 _200\"></span>esearch and e<span class=\"__2 _202\"></span>xpert credit judgement, taking acc<span class=\"__2 _200\"></span>ount the range of pos<span class=\"__2 _200\"></span>sible outcomes, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gsce\">each chosen scenario r<span class=\"__2 _200\"></span>epresents. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws52_2 gs117\">The w<span class=\"__2 _200\"></span>eightings assigned to each ec<span class=\"__2 _200\"></span>onomic scenario<span class=\"__2 _200\"></span>, which are unchanged fr<span class=\"__2 _200\"></span>om 2022 w<span class=\"__2 _200\"></span>ere 60%, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5e_2 gsd0\">for the \u2018Base\u2019 sc<span class=\"__2 _200\"></span>enario, 20% for the \u2018Do<span class=\"__2 _200\"></span>wnside\u2019 scenario and 20% for the \u2018Upside\u2019 sc<span class=\"__2 _200\"></span>enario. T<span class=\"__2 _200\"></span>he </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws99_2 gsd1\">number of scenarios used is based on the analy<span class=\"__2 _200\"></span>sis of each major product type t<span class=\"__2 _200\"></span>o ensure that </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws63_2 gs119\">non-linearities are captur<span class=\"__2 _200\"></span>ed. The number of sc<span class=\"__2 _200\"></span>enarios and their attributes ar<span class=\"__2 _200\"></span>e reasses<span class=\"__2 _200\"></span>sed at each </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf9_2 gs240\">reporting da<span class=\"__2 _200\"></span>te. The pr<span class=\"__2 _202\"></span>obability weightings assigned t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _200\"></span>e scenarios r<span class=\"__2 _200\"></span>eflect an unbiased </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs11b\">e<span class=\"__2 _200\"></span>valuation of the r<span class=\"__2 _200\"></span>ange of possible outc<span class=\"__2 _200\"></span>omes.<span class=\"__2 _25f\"> </span> </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf3_2 gsd8\">In rela<span class=\"__2 _200\"></span>tion to the debt inv<span class=\"__2 _202\"></span>estments, the Group also inc<span class=\"__2 _200\"></span>orporat<span class=\"__2 _200\"></span>es these macroec<span class=\"__2 _200\"></span>onomic forecas<span class=\"__2 _200\"></span>ts<span class=\"__2 _25f\"> </span> </div>in its periodical assessments on the pledged loan portf<span class=\"__2 _200\"></span>olios, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should pro<span class=\"__2 _202\"></span>vide for expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>ses. Such assessments ar<span class=\"__2 _200\"></span>e based on the credit informa<span class=\"__2 _200\"></span>tion supplied b<span class=\"__2 _200\"></span>y the bond issuers which the Multitude Group has in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ested in. In or<span class=\"__2 _200\"></span>der for its ECL meth<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>odology to r<span class=\"__2 _200\"></span>epresent an appr<span class=\"__2 _200\"></span>opriate es<span class=\"__2 _200\"></span>timation of its credit risk emanating fr<span class=\"__2 _202\"></span>om said inv<span class=\"__2 _200\"></span>estments, the Group as<span class=\"__2 _200\"></span>sesses the ECL on each credit portf<span class=\"__2 _200\"></span>olio securing the Group\u2019<span class=\"__2 _202\"></span>s inv<span class=\"__2 _200\"></span>estment separa<span class=\"__2 _200\"></span>tely<span class=\"__2 _201\"></span>. The pertinent macr<span class=\"__2 _200\"></span>oeconomic v<span class=\"__2 _200\"></span>ariables relating t<span class=\"__2 _200\"></span>o the Group's lending portf<span class=\"__2 _200\"></span>olio as at 31 December 2023, utilised in the multiple r<span class=\"__2 _200\"></span>egression, ar<span class=\"__2 _202\"></span>e sourced fr<span class=\"__2 _200\"></span>om Oxfor<span class=\"__2 _200\"></span>d Economics and ar<span class=\"__2 _200\"></span>e listed belo<span class=\"__2 _202\"></span>w:<span class=\"__2 _25f\"> </span>Unemplo<span class=\"__2 _200\"></span>yment r<span class=\"__2 _200\"></span>ate<span class=\"__2 _25f\"> </span><table class=\"s_1 w68_1 h6d\" id=\"_58ab8bc8-d5b8-4058-8748-86d50c60abd9\"><tr><td class=\"t_2 m0_2 x13c_1 h15_2 yaee ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">In %<span class=\"__2 _25f\"> </span></td><td></td><td class=\"c_1 n_1 x181_1 yaf0 w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x182_1 yaf0 w6a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x183_1 yaf0 w6b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x184_1 yaf1 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x185_1 yaf1 w6d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x186_1 yaf1 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x187_1 yaf1 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x188_1 yaf1 w6f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x189_1 yaf1 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18a_1 yaf1 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18b_1 yaf1 w70_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18c_1 yaf1 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf2 w72_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls25_2 ws15e_2\">Bulgaria<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18d_1 yaf2 w73_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18e_1 yaf2 w74_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x18f_1 yaf2 w75_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x190_1 yaf2 w76_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">4.80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x191_1 yaf2 w77_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x192_1 yaf2 w78_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>26<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x193_1 yaf2 w76_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">4.80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x194_1 yaf2 w79_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.41<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x195_1 yaf2 w78_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>26<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf3 w7a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls27_2 ws160_2\">Cze<span class=\"__2 _203\"></span>ch<span class=\"__2 _203\"></span>ia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x196_1 yaf3 w7b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x197_1 yaf3 w7c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x198_1 yaf3 w7d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>20<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x199_1 yaf3 w7e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19a_1 yaf3 w7f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.17<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19b_1 yaf3 w80_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19c_1 yaf3 w81_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19d_1 yaf3 w82_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>20<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19e_1 yaf3 w83_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4.<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf4 w84_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Denmark<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x19f_1 yaf4 w85_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a0_1 yaf4 w86_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls29_2 ws162_2\">2<span class=\"__2 _203\"></span>.97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a1_1 yaf4 w87_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a2_1 yaf4 w88_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>86<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a3_1 yaf4 w89_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.<span class=\"__2 _203\"></span>52<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a4_1 yaf4 w8a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a5_1 yaf4 w8b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.75<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a6_1 yaf4 w8c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a7_1 yaf4 w8d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf5 w8e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Netherl<span class=\"__2 _200\"></span>ands<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a8_1 yaf5 w8f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1a9_1 yaf5 w90_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1aa_1 yaf5 w91_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ab_1 yaf5 w92_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ac_1 yaf5 w81_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ad_1 yaf5 w73_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ae_1 yaf5 w93_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.4<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1af_1 yaf5 w94_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>98<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b0_1 yaf5 w95_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaf6 w96_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Poland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b1_1 yaf6 w97_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls29_2 ws162_2\">4<span class=\"__2 _203\"></span>.97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b2_1 yaf6 w98_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b3_1 yaf6 w99_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b4_1 yaf6 w9a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b5_1 yaf6 w9b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b6_1 yaf6 w9c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b7_1 yaf6 w9d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>83<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b8_1 yaf6 w9e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2b_2 ws54_2\">4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b0_1 yaf6 w9f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wa0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Romania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1b9_1 yae1 w8c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ba_1 yae1 wa1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>52<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bb_1 yae1 w95_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bc_1 yae1 wa2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>60<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bd_1 yae1 wa3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.<span class=\"__2 _203\"></span>19<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1be_1 yae1 w82_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>20<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1bf_1 yae1 wa4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c0_1 yae1 wa5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2.1<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c1_1 yae1 wa6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr></table>Personal disposable income<span class=\"__2 _25f\"> </span><table class=\"s_1 wa7_1 h6f\" id=\"_93f95fc3-d324-4b01-ab6c-1c7dd7805a8d\"><tr><td class=\"t_2 m0_2 x13c_1 h15_2 yaf7 ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Billion units<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"c_1 n_1 x1c2_1 yaf8 w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1c3_1 yaf8 w6a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x1c4_1 yaf8 w6b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x1c5_1 yaf9 wa8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">Cur<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c6_1 yaf9 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c7_1 yaf9 w6d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c8_1 yaf9 wa9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1c9_1 yaf9 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ca_1 yaf9 waa_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cb_1 yaf9 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cc_1 yaf9 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cd_1 yaf9 wab_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ce_1 yaf9 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafa wac_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2d_2 ws165_2\">Croa<span class=\"__2 _203\"></span>tia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cf_1 yafa wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d0_1 yafa wae_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d1_1 yafa waf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d2_1 yafa wb0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>02<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d3_1 yafa wb1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d4_1 yafa wb2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">38.5<span class=\"__2 _200\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d5_1 yafa wb3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">38.5<span class=\"__2 _200\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d6_1 yafa wb4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>63<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d7_1 yafa wb5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.7<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d8_1 yafa wb6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafb wb7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1cf_1 yafb wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1d9_1 yafb wb8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>7.<span class=\"__2 _212\"> </span>2<span class=\"__2 _205\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1da_1 yafb wb9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1db_1 yafb wba_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>7.<span class=\"__2 _203\"></span>0<span class=\"__2 _212\"> </span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1dc_1 yafb wbb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1dd_1 yafb wbc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>9.<span class=\"__2 _205\"></span>27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1de_1 yafb wbd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>94<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1df_1 yafb wbe_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>30.<span class=\"__2 _205\"></span>25<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e0_1 yafb wbf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e1_1 yafb wc0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">130<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafc wc1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Lit<span class=\"__2 _200\"></span>huania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e2_1 yafc w9e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e3_1 yafc wc2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">32<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>56<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e4_1 yafc wc3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2a_2 ws163_2\">32<span class=\"__2 _203\"></span>.70<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e5_1 yafc wc4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">32<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e6_1 yafc wc5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>81<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e7_1 yafc wc6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">33<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e8_1 yafc wc7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1e9_1 yafc wc8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.75<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ea_1 yafc wc9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">34<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1eb_1 yafc wca_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>89<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yafd w8e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Netherl<span class=\"__2 _200\"></span>ands<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ec_1 yafd wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ed_1 yafd wcb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">41<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>53<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ee_1 yafd wcc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">417.37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ef_1 yafd wcd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">415<span class=\"__2 _203\"></span>.07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f0_1 yafd wce_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">41<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f1_1 yafd wcf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">42<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f2_1 yafd wd0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">416<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f3_1 yafd wd1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">420.92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f4_1 yafd wd2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">42<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f5_1 yafd wd3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">418<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yaed wd4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls31_2 ws169_2\">No<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>way<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f6_1 yaed wd5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls32_2 ws16a_2\">NOK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f7_1 yaed wd6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f8_1 yaed wd7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,7<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1f9_1 yaed wd8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>35<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fa_1 yaed wd9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws16b_2\">1,803.29<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fb_1 yaed wda_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">1,804.92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fc_1 yaed wdb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>80<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>00<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fd_1 yaed wdc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws16c_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1fe_1 yaed wdd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>86<span class=\"__2 _203\"></span>0.<span class=\"__2 _205\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x1ff_1 yaed wde_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wdf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">Sw<span class=\"__2 _200\"></span>eden<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x200_1 yae1 we0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls35_2 wsda_2\">SEK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x201_1 yae1 we1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>85<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>.78<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x202_1 yae1 we2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">2,85<span class=\"__2 _200\"></span>8.50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x203_1 yae1 we3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x204_1 yae1 we4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x205_1 yae1 we5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls36_2 ws16e_2\">2,902.96<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x206_1 yae1 we6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">2<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x207_1 yae1 we7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>92<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>02<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x208_1 yae1 we8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls37_2 ws16f_2\">2,946.06<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x209_1 yae1 we9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls36_2 ws170_2\">2,903.<span class=\"__2 _200\"></span>16<span class=\"__2 _25f\"> </span></div></td></tr></table>Consumption r<span class=\"__2 _200\"></span>at<span class=\"__2 _200\"></span>e privat<span class=\"__2 _200\"></span>e<span class=\"__2 _25f\"> </span><table class=\"s_1 wea_1 h70\" id=\"_2bd0ff8c-9e4e-4323-bf0c-f94a50bc040d\"><tr><td class=\"t_2 m0_2 x13c_1 h15_2 yafe ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Billion units<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c_1 n_1 x20a_1 yaff w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x20b_1 yaff w6a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x20c_1 yaff web_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x20d_1 yb00 wa8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">Cur<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x20e_1 yb00 wec_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x20f_1 yb00 w6f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x210_1 yb00 wa9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x211_1 yb00 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x212_1 yb00 w6f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x213_1 yb00 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x214 yb00 wed_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">B<span class=\"__2 _203\"></span>ase<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x215 yb00 wab_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x216 yb00 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb01 w84_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Denmark<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x217 yb01 wee_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls38_2 wse0_2\">DKK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x218 yb01 wef_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,0<span class=\"__2 _200\"></span>51.37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x219 yb01 wf0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,0<span class=\"__2 _200\"></span>53.61<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21a yb01 wf1_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21b yb01 wf2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">1<span class=\"__2 _203\"></span>,080.<span class=\"__2 _203\"></span>36<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21c yb01 wf3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>86<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21d yb01 wf4_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,063.66<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21e yb01 wf5_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x21f yb01 wf6_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">1<span class=\"__2 _203\"></span>,111.7<span class=\"__2 _200\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x220 yb01 wf7_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">1,084.18<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wdf_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">Sw<span class=\"__2 _200\"></span>eden<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x221 yae1 we0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls35_2 wsda_2\">SEK<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x222 yae1 wf8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">2,<span class=\"__2 _203\"></span>557<span class=\"__2 _202\"></span>.16<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x223 yae1 wf9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws173_1\">2,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>62<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x224 yae1 wfa_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>49.<span class=\"__2 _205\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x225 yae1 wfb_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>60<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>32<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x226 yae1 wfc_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>62<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>65<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x227 yae1 wfd_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>58<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x228 yae1 wfe_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls34_2 ws16d_2\">2,663.55<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x229 yae1 wff_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>78<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x22a yae1 w100_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3a_2 ws174_1\">2,627<span class=\"__2 _200\"></span>.62<span class=\"__2 _25f\"> </span></div></td></tr></table>Gros<span class=\"__2 _200\"></span>s domestic product<span class=\"__2 _25f\"> </span><table class=\"s_1 w10b_1 h72\" id=\"_f750d153-afcd-478b-942b-9c3fefe59d69\"><tr><td class=\"t_2 m0_2 x236 h15_2 yb06 ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">Billion units<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"c_1 n_1 x237 yb07 w69_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls21_2 ws15a_2\">20<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x238 yb07 w10c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2025<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x239 yb07 w6b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2026<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x23a yb08 wa8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2c_2 ws164_2\">Cur<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23b yb08 w10d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Ba<span class=\"__2 _203\"></span>se<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23c yb08 w6d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Down<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23d yb08 wa9_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23e yb08 w6c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x23f yb08 wab_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">Dow<span class=\"__2 _203\"></span>n<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x240 yb08 w6e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x241 yb08 w10e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls22_2 ws15b_2\">Base<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x242 yb08 w10f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls23_2 ws15c_2\">D<span class=\"__2 _203\"></span>own<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x243 yb08 w71_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls24_2 ws15d_2\">Up<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb09 w72_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls25_2 ws15e_2\">Bulgaria<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x244 yb09 w110_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">BGN<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x245 yb09 wca_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>12<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x246 yb09 wb0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x247 yb09 w111_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">111<span class=\"__2 _203\"></span>.58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x248 yb09 w112_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>14<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x249 yb09 w113_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>06<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24a yb09 wb2_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>13<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>33<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24b yb09 w114_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24c yb09 w115_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>9<span class=\"__2 _205\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24d yb09 w116_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls39_2 ws172_2\">115<span class=\"__2 _203\"></span>.29<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0a wac_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2d_2 ws165_2\">Croa<span class=\"__2 _203\"></span>tia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24e yb0a wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x24f yb0a w117_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">59<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x250 yb0a w118_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x251 yb0a w119_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">59<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x252 yb0a w11a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x253 yb0a w11b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x254 yb0a w11c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x255 yb0a w11d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x256 yb0a w11e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">62<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x257 yb0a w11f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>75<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0b w120_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3b_2 ws175_1\">E<span class=\"__2 _203\"></span>sto<span class=\"__2 _203\"></span>nia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x258 yb0b wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x259 yb0b w121_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3c_2 ws176_1\">25.48<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25a yb0b w122_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">25<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25b yb0b w123_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25c yb0b w124_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">2<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25d yb0b w125_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">2<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25e yb0b w126_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x25f yb0b w127_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">28<span class=\"__2 _205\"></span>.73<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x260 yb0b w116_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x261 yb0b wb3_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2f_2 ws167_2\">28.5<span class=\"__2 _200\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0c w128_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Germany<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x262 yb0c w9e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x263 yb0c w129_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3c_2 ws176_1\">3<span class=\"__2 _203\"></span>,256.62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x264 yb0c w12a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,<span class=\"__2 _205\"></span>28<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x265 yb0c w12b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3d_2 ws9d_2\">3,232.21<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x266 yb0c w12c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>30<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x267 yb0c wd8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>37<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.19<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x268 yb0c w12d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>28<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x269 yb0c w12e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>1.<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26a yb0c w12f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,41<span class=\"__2 _203\"></span>7<span class=\"__2 _200\"></span>.4<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26b yb0c w130_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3d_2 ws9d_2\">3,29<span class=\"__2 _200\"></span>2.72<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0d w131_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls37_2 ws177_1\">Latv<span class=\"__2 _200\"></span>ia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26c yb0d wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26d yb0d wc8_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">29<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26e yb0d w132_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">29.<span class=\"__2 _203\"></span>72<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x26f yb0d w133_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x270 yb0d w134_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x271 yb0d w135_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x272 yb0d w136_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x273 yb0d w137_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls26_2 ws15f_2\">31.16<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x274 yb0d w138_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x275 yb0d w139_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>95<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0e w8e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Netherl<span class=\"__2 _200\"></span>ands<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x276 yb0e w13a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EU<span class=\"__2 _203\"></span>R<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x277 yb0e w13b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">812<span class=\"__2 _203\"></span>.<span class=\"__2 _205\"></span>28<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x278 yb0e w13c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>18<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x279 yb0e w13d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27a yb0e w13e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>64<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27b yb0e w13f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2b_2 ws54_2\">8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27c yb0e w140_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">81<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27d yb0e w141_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27e yb0e w142_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">8<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>7.<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x27f yb0e w143_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">8<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0f wa0_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls28_2 ws161_2\">Romania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x280 yb0f w144_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3e_2 ws178_1\">RON<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x281 yb0f w145_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>25<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>81<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x282 yb0f w146_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>7.<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x283 yb0f w147_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,244.29<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x284 yb0f w148_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>28<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>.75<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x285 yb0f w149_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,30<span class=\"__2 _200\"></span>3.58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x286 yb0f w14a_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>65<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x287 yb0f w14b_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls33_2 ws171_2\">1,32<span class=\"__2 _200\"></span>3.44<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x288 yb0f w14c_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>34<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x289 yb0f w14d_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls30_2 ws168_2\">1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>7.<span class=\"__2 _205\"></span>7<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w14e_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls3b_2 ws175_1\">Sl<span class=\"__2 _203\"></span>oven<span class=\"__2 _203\"></span>ia<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28a yae1 wad_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls2e_2 ws166_2\">EUR<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28b yae1 w14f_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">49<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28c yae1 w150_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>0.1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28d yae1 w151_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">49<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28e yae1 w152_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x28f yae1 w153_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls37_2 ws177_1\">51.69<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x290 yae1 w154_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>0.<span class=\"__2 _205\"></span>21<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x291 yae1 w155_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">52<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x292 yae1 w156_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">52<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x293 yae1 w157_1 h6e\"><div class=\"t_2 m0_2 x13f_1 h15_2 yaef ff2_2 fs9_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>1.<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr></table>The Risk Management t<span class=\"__2 _200\"></span>eam monitors, on an ongoing basis, the economic f<span class=\"__2 _200\"></span>orecasts r<span class=\"__2 _200\"></span>eleases and adjusts its model inputs and asses<span class=\"__2 _200\"></span>ses the connected out<span class=\"__2 _200\"></span>comes in the light of r<span class=\"__2 _200\"></span>evised macr<span class=\"__2 _200\"></span>oeco<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>nomic data and other quantitativ<span class=\"__2 _200\"></span>e and qualitativ<span class=\"__2 _200\"></span>e information. Ther<span class=\"__2 _200\"></span>e is an absence of an observ<span class=\"__2 _200\"></span>able historical tr<span class=\"__2 _200\"></span>end that can acc<span class=\"__2 _200\"></span>urat<span class=\"__2 _200\"></span>ely repr<span class=\"__2 _200\"></span>esent the sev<span class=\"__2 _202\"></span>erity and speed of the economic impacts br<span class=\"__2 _200\"></span>ought about by the pandemic. C<span class=\"__2 _200\"></span>onsequently<span class=\"__2 _201\"></span>, in some cases, the Group\u2019<span class=\"__2 _202\"></span>s models generat<span class=\"__2 _200\"></span>e outputs that appear ov<span class=\"__2 _202\"></span>erly sensitive when c<span class=\"__2 _200\"></span>ompared with other credit risk metrics and as a r<span class=\"__2 _200\"></span>esult, modelled assumptions and linkages betw<span class=\"__2 _202\"></span>een economic factors and credit los<span class=\"__2 _200\"></span>ses may under<span class=\"__2 _200\"></span>estimate or o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>estimat<span class=\"__2 _200\"></span>e ECL in these conditions.<span class=\"__2 _25f\"> </span>4.2.5.5 ECL sensitivity analysis in r<span class=\"__2 _200\"></span>espect of macroec<span class=\"__2 _200\"></span>onomic scenarios<span class=\"__2 _25f\"> </span>Risk Management team c<span class=\"__2 _200\"></span>onsidered the sensitivity of the ECL out<span class=\"__2 _200\"></span>come (ref<span class=\"__2 _200\"></span>er to Note 4.2.5.4) t<span class=\"__2 _200\"></span>o the macroec<span class=\"__2 _200\"></span>onomic for<span class=\"__2 _200\"></span>ecasts by r<span class=\"__2 _202\"></span>ecalculating the ECL under the different sc<span class=\"__2 _200\"></span>enarios, applying a 100% w<span class=\"__2 _200\"></span>eighting to each scenario<span class=\"__2 _200\"></span>. The effect of ec<span class=\"__2 _200\"></span>onomic uncertainty on the ECL outc<span class=\"__2 _200\"></span>ome is disclosed in the sensitivity analysis pr<span class=\"__2 _200\"></span>esented in Not<span class=\"__2 _200\"></span>e 4.2.5.5. The ECL calculat<span class=\"__2 _200\"></span>ed for the upside and downside sc<span class=\"__2 _200\"></span>enarios should not be taken t<span class=\"__2 _200\"></span>o repr<span class=\"__2 _200\"></span>esent the upper and lo<span class=\"__2 _200\"></span>wer limits of possible ECL outc<span class=\"__2 _200\"></span>omes as there is a high degr<span class=\"__2 _200\"></span>ee of estimation unc<span class=\"__2 _200\"></span>ertainty in the numbers repr<span class=\"__2 _200\"></span>esenting tail risk scenarios when as<span class=\"__2 _200\"></span>signed a 100% weighting.<span class=\"__2 _25f\"> </span>As with any macr<span class=\"__2 _200\"></span>oeconomic for<span class=\"__2 _200\"></span>ecasts, the pr<span class=\"__2 _200\"></span>ojections and likelihood of oc<span class=\"__2 _200\"></span>currenc<span class=\"__2 _200\"></span>e are subject to a high degr<span class=\"__2 _200\"></span>ee of uncertainty<span class=\"__2 _201\"></span>, especially in the cont<span class=\"__2 _200\"></span>ext of the macr<span class=\"__2 _200\"></span>oeconomic and geopolitical conflicts and t<span class=\"__2 _200\"></span>ensions being experienc<span class=\"__2 _200\"></span>ed, and theref<span class=\"__2 _200\"></span>ore, the actual out<span class=\"__2 _200\"></span>comes ma<span class=\"__2 _200\"></span>y be specifically differ<span class=\"__2 _200\"></span>ent from those pr<span class=\"__2 _200\"></span>ojected. The <span class=\"__2 _200\"></span>Group considers these f<span class=\"__2 _200\"></span>orecas<span class=\"__2 _200\"></span>ts to repr<span class=\"__2 _202\"></span>esent its best estimate of the possible out<span class=\"__2 _200\"></span>comes.<span class=\"__2 _25f\"> </span>In vie<span class=\"__2 _200\"></span>w of the abov<span class=\"__2 _202\"></span>e, the Group asses<span class=\"__2 _200\"></span>sed and is hereb<span class=\"__2 _200\"></span>y presenting the sensitivity analy<span class=\"__2 _200\"></span>sis in respect of its e<span class=\"__2 _200\"></span>xposures as at 31 Dec<span class=\"__2 _200\"></span>ember<span class=\"__2 _201\"></span>, estimated b<span class=\"__2 _200\"></span>y determining the r<span class=\"__2 _200\"></span>ange of credit los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances which w<span class=\"__2 _200\"></span>ould hav<span class=\"__2 _200\"></span>e been measured b<span class=\"__2 _200\"></span>y assigning a 100% w<span class=\"__2 _200\"></span>eighting to each of the thr<span class=\"__2 _200\"></span>ee macroec<span class=\"__2 _200\"></span>o<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>nomic scenarios de<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eloped as present<span class=\"__2 _200\"></span>ed in the tables below<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span><table class=\"s_1 w101_1 h71\" id=\"_9da4395b-4429-428d-be5e-17d87fb1140d\"><tr><td></td><td class=\"t_2 m0_2 x22b ha_2 yb02 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">(Decrease<span class=\"__2 _200\"></span>) / increase in </td><td class=\"t_2 m0_2 x22c ha_2 yb02 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">(Decrease<span class=\"__2 _200\"></span>) / increase in </td></tr><tr><td></td><td class=\"t_2 m0_2 x22d ha_2 yb03 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL 2023 </td><td class=\"t_2 m0_2 x22e ha_2 yb03 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL 2022<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yb04 w102_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>% Ba<span class=\"__2 _203\"></span>selin<span class=\"__2 _203\"></span>e, EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x22f yb04 w103_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(26<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x230 yb04 w104_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(24<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb05 w105_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>% Downsi<span class=\"__2 _203\"></span>de, EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x231 yb05 w106_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>1<span class=\"__2 _212\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x232 yb05 w107_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>937<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w108_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>% Upsi<span class=\"__2 _203\"></span>de, EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x233 yae1 w109_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x234 yae1 w10a_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _212\"></span>2<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr></table>For baseline sc<span class=\"__2 _200\"></span>enario, the global ec<span class=\"__2 _200\"></span>onomic outlook reflects a pr<span class=\"__2 _200\"></span>olonged period of steady and unspectacular gr<span class=\"__2 _200\"></span>owth o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er the coming quarters, despit<span class=\"__2 _200\"></span>e a slight upw<span class=\"__2 _200\"></span>ard. As a r<span class=\"__2 _200\"></span>esult, Oxfor<span class=\"__2 _200\"></span>d Eco<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>nomics hav<span class=\"__2 _202\"></span>e slightly re<span class=\"__2 _200\"></span>vised upw<span class=\"__2 _200\"></span>ard the baseline for<span class=\"__2 _200\"></span>ecast for w<span class=\"__2 _202\"></span>orld GDP for 2024 t<span class=\"__2 _200\"></span>o 2.0% and 2.6%<span class=\"__2 _25f\"> </span><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb_2 gs6e\">in 2025. Oxf<span class=\"__2 _200\"></span>ord Ec<span class=\"__2 _200\"></span>onomics expect tha<span class=\"__2 _200\"></span>t, in the US, the economy will lik<span class=\"__2 _200\"></span>ely av<span class=\"__2 _202\"></span>oid a reces<span class=\"__2 _200\"></span>sion, which </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws10c_2 gs12_1\">has prompt<span class=\"__2 _200\"></span>ed a push back in the timing of the Feder<span class=\"__2 _200\"></span>al Reserv<span class=\"__2 _200\"></span>e's first r<span class=\"__2 _200\"></span>ate cut. Other adv<span class=\"__2 _200\"></span>anced<span class=\"__2 _25f\"> </span> </div>economies ar<span class=\"__2 _200\"></span>e also set to gr<span class=\"__2 _200\"></span>ow slo<span class=\"__2 _200\"></span>wly as the adv<span class=\"__2 _200\"></span>erse impact on activity from pas<span class=\"__2 _200\"></span>t policy tight<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ening builds. As a result, O<span class=\"__2 _200\"></span>xford E<span class=\"__2 _200\"></span>conomics e<span class=\"__2 _200\"></span>xpect the global economy t<span class=\"__2 _200\"></span>o e<span class=\"__2 _200\"></span>xperience a second consecutiv<span class=\"__2 _202\"></span>e year of sub-par gr<span class=\"__2 _200\"></span>owth in 20<span class=\"__2 _200\"></span>24, with w<span class=\"__2 _200\"></span>orld GDP set to r<span class=\"__2 _200\"></span>emain well belo<span class=\"__2 _200\"></span>w the le<span class=\"__2 _200\"></span>vel anticipated prior t<span class=\"__2 _200\"></span>o the pandemic.<span class=\"__2 _25f\"> </span>For the do<span class=\"__2 _200\"></span>wnside scenario<span class=\"__2 _200\"></span>, the Risk Management team has c<span class=\"__2 _200\"></span>onsidered a pr<span class=\"__2 _200\"></span>otract<span class=\"__2 _200\"></span>ed period of high inter<span class=\"__2 _200\"></span>est r<span class=\"__2 _200\"></span>ates which w<span class=\"__2 _200\"></span>eigh on stock mark<span class=\"__2 _202\"></span>ets and house prices, resulting in tight<span class=\"__2 _200\"></span>er credit conditions and se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral y<span class=\"__2 _202\"></span>ears of sub-par growth. Under this sc<span class=\"__2 _200\"></span>enario, monetary policy is tight<span class=\"__2 _200\"></span>ened again in the near term as c<span class=\"__2 _200\"></span>ore inflation pr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ves s<span class=\"__2 _200\"></span>tickier than expect<span class=\"__2 _200\"></span>ed and rene<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ed concerns o<span class=\"__2 _202\"></span>ver a potential escalation of the Isr<span class=\"__2 _202\"></span>ael-Hamas conflict tempor<span class=\"__2 _200\"></span>arily push up energy pric<span class=\"__2 _200\"></span>es. Equity prices fall, causing adv<span class=\"__2 _202\"></span>erse wealth effects and r<span class=\"__2 _200\"></span>aising the cost of capital. T<span class=\"__2 _200\"></span>he result is a pr<span class=\"__2 _200\"></span>otract<span class=\"__2 _200\"></span>ed period of sub-par global gro<span class=\"__2 _202\"></span>wth. Oxford Ec<span class=\"__2 _200\"></span>onomics estimat<span class=\"__2 _200\"></span>e that gro<span class=\"__2 _200\"></span>wth is only 1.3% in 202<span class=\"__2 _200\"></span>4 and 2025, with w<span class=\"__2 _200\"></span>orld GDP as much as 0.<span class=\"__2 _200\"></span>7pp and 1.3pp respectiv<span class=\"__2 _200\"></span>ely below baseline<span class=\"__2 _200\"></span>.<span class=\"__2 _25f\"> </span>The upside sc<span class=\"__2 _200\"></span>enario was modelled for global ec<span class=\"__2 _200\"></span>onomy in which an early monetary policy loosen<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ing fuels an unwind of household sa<span class=\"__2 _200\"></span>vings built up during the pandemic, resulting in a mor<span class=\"__2 _200\"></span>e robus<span class=\"__2 _200\"></span>t consumer led r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ery<span class=\"__2 _201\"></span>. In this scenario, a near t<span class=\"__2 _200\"></span>erm impro<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>ement in the inflation outlook prompts earlier than e<span class=\"__2 _200\"></span>xpected Centr<span class=\"__2 _200\"></span>al Bank policy loosening. Ener<span class=\"__2 _200\"></span>gy prices ease further as remaining c<span class=\"__2 _200\"></span>on<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>cerns o<span class=\"__2 _202\"></span>ver the risk of a wider Middle East c<span class=\"__2 _200\"></span>onflict fade, at the same time as c<span class=\"__2 _200\"></span>ore inflation under<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>shoots e<span class=\"__2 _200\"></span>xpectations. As a result, sentiment impr<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>ves significantly and c<span class=\"__2 _200\"></span>onsumers acros<span class=\"__2 _200\"></span>s advanc<span class=\"__2 _200\"></span>ed economies run do<span class=\"__2 _200\"></span>wn a significant proportion of the sa<span class=\"__2 _202\"></span>vings accumulated during the pandemic. Ov<span class=\"__2 _200\"></span>erall, the global ec<span class=\"__2 _200\"></span>onomy r<span class=\"__2 _200\"></span>eco<span class=\"__2 _200\"></span>vers s<span class=\"__2 _200\"></span>trongly and financial mark<span class=\"__2 _200\"></span>ets str<span class=\"__2 _200\"></span>engthen, particularly in Europe<span class=\"__2 _200\"></span>. Oxfor<span class=\"__2 _200\"></span>d Economics e<span class=\"__2 _200\"></span>xpect w<span class=\"__2 _200\"></span>orld GDP to rise b<span class=\"__2 _200\"></span>y 0.4pp and 0<span class=\"__2 _200\"></span>.8pp abov<span class=\"__2 _202\"></span>e baseline in 2024 and 2025 r<span class=\"__2 _200\"></span>espectively<span class=\"__2 _201\"></span>, standing a<span class=\"__2 _200\"></span>t 2.4% and 3.4% respectiv<span class=\"__2 _200\"></span>ely<span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span>4.2.6 Information on cr<span class=\"__2 _200\"></span>edit quality of cash and cash equivalents<span class=\"__2 _25f\"> </span>Credit risk e<span class=\"__2 _202\"></span>xposure fr<span class=\"__2 _200\"></span>om cash and cash equivalents arises mainly fr<span class=\"__2 _200\"></span>om potential liquidity issues, coupled with liability caps applicable in v<span class=\"__2 _200\"></span>arious jurisdictions of banks and other financial institu<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tions which hold the Group\u2019<span class=\"__2 _202\"></span>s cash and cash equivalents. T<span class=\"__2 _210\"></span>o manage this risk the Group div<span class=\"__2 _200\"></span>ersifies its deposits amongst 292 bank ac<span class=\"__2 _200\"></span>counts in 2<span class=\"__2 _200\"></span>4 countries.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s the amount of cash and cash equivalents deposit<span class=\"__2 _200\"></span>ed in various bank<span class=\"__2 _25f\"> </span>acc<span class=\"__2 _200\"></span>ounts, grouped based on Fit<span class=\"__2 _200\"></span>ch\u2019s cr<span class=\"__2 _200\"></span>edit ratings f<span class=\"__2 _200\"></span>or the years ended 31 Dec<span class=\"__2 _200\"></span>ember:<span class=\"__2 _25f\"> </span><table class=\"s_1 w158_1 h73\" id=\"_bc07959f-f1a8-4053-aa81-f03bd35aa5df\"><tr><td class=\"c_1 n_1 x140_1 yb11 w159_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x294 yb11 w15a_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x295 yb11 w15b_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb12 w15c_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls44_2 ws17e_1\">AAA<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x296 yb12 w15d_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">6<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x297 yb12 w15e_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">6,988<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb13 w15f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls44_2 ws17e_1\">AA<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb13 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x299 yb13 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb14 w162_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">A<span class=\"__2 _203\"></span>A-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29a yb14 w163_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">593<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29b yb14 w164_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">2,36<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb15 w165_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls48_2 ws4f_2\">A+<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29c yb15 w166_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">35<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29d yb15 w167_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">31<span class=\"__2 _203\"></span>,911<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb16 w168_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29e yb16 w169_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">175<span class=\"__2 _203\"></span>,759<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x29f yb16 w16a_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">41<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>76<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb17 w16b_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">A-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a0 yb17 w16c_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">40,045<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a1 yb17 w16d_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb18 w16e_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a2 yb18 w16f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">25,125<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a3 yb18 w170_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">5<span class=\"__2 _203\"></span>,91<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb19 w171_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a4 yb19 w172_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a5 yb19 w173_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">680<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1a w174_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a6 yb1a w175_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>10<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a7 yb1a w176_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">3<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1b w177_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">BB+<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a8 yb1b w178_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">59<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2a9 yb1b w179_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2e_2 ws166_2\">300<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1c w17a_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2aa yb1c w17b_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ab yb1c w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1d w17c_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb1d w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x299 yb1d w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1e w17d_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">B<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb1e w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ac yb1e w17e_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">29<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb1f w17f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">B-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x298 yb1f w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x299 yb1f w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb20 w180_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">No rat<span class=\"__2 _200\"></span>ing av<span class=\"__2 _200\"></span>ailable<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ad yb20 w181_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws186_1\">28<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ae yb20 w182_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">35<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wd2_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2af yae1 w183_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b0 yae1 w184_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">153<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr></table>The abo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e-mentioned balances include amounts deposited with c<span class=\"__2 _200\"></span>entral bank<span class=\"__2 _200\"></span>s and other banks.<span class=\"__2 _25f\"> </span><table class=\"s_1 w185_1 h75\" id=\"_6fba3795-f765-4dc5-b955-faf1882810dd\"><tr><td></td><td class=\"c_1 n_1 x2b1 yb21 w15a_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b2 yb21 w15b_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yb22 ff1_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb23 w186_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>ks:<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b3 yb23 w187_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b4 yb23 w188_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb24 w189_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Czechi<span class=\"__2 _203\"></span>a<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b5 yb24 w18a_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">293<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b6 yb24 w18b_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">4<span class=\"__2 _203\"></span>74<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb25 w18c_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Mal<span class=\"__2 _203\"></span>ta<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b7 yb25 w18d_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">17<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>320<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b8 yb25 w18e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">3<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>0<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb26 w18f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Lithu<span class=\"__2 _203\"></span>ania<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2b9 yb26 w190 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">31,683<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ba yb26 w191 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">22<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>301<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb27 w192 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ce with the Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>k of Sweden<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2bb yb27 w193 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">6<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2bc yb27 w194 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">6,988<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb28 w195 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2bd yb28 w196 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">73,6<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2be yb28 w197 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">86<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"c_1 n_1 x2bf yb29 w198 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c0 yb29 w199 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hd_2 yb2a ff3_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr></table>The balanc<span class=\"__2 _200\"></span>es with the Central Bank of Malta include a r<span class=\"__2 _200\"></span>eserv<span class=\"__2 _200\"></span>e deposit amounting to EUR 4.5 million (2022: EUR 3.8 million) held in terms of R<span class=\"__2 _200\"></span>egulation (EC) No. 17<span class=\"__2 _201\"></span>45<span class=\"__2 _200\"></span>/2003 of the Eur<span class=\"__2 _200\"></span>opean Centr<span class=\"__2 _200\"></span>al Bank<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span><table class=\"s_1 w19a h76\" id=\"_d8f59f98-f237-4f01-94a9-64c383d1785e\"><tr><td class=\"c_1 n_1 x2c1 yb2b w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c2 yb2b w19c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c3 yb2b w19d h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yb2c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks (r<span class=\"__2 _200\"></span>e<span class=\"__2 _203\"></span>payable o<span class=\"__2 _203\"></span>n ca<span class=\"__2 _203\"></span>ll an<span class=\"__2 _203\"></span>d at sho<span class=\"__2 _203\"></span>rt </td><td class=\"c_1 n_1 x2c5 yb2d w19e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">3<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>74<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c6 yb2d w19f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">2<span class=\"__2 _203\"></span>7,<span class=\"__2 _a0_2\"> </span>3<span class=\"__2 _205\"></span>5<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yb2e ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">notice<span class=\"__2 _200\"></span>) he<span class=\"__2 _203\"></span>ld by Multitu<span class=\"__2 _203\"></span>de B<span class=\"__2 _203\"></span>ank<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr></table>In the ordinary c<span class=\"__2 _200\"></span>ourse of business, the Gr<span class=\"__2 _200\"></span>oup places funds and carries out tr<span class=\"__2 _200\"></span>ansactions through corr<span class=\"__2 _200\"></span>espondent acc<span class=\"__2 _200\"></span>ounts with high credit quality local list<span class=\"__2 _200\"></span>ed banks and international bank<span class=\"__2 _200\"></span>s with a good credit r<span class=\"__2 _202\"></span>ating, subject to the opera<span class=\"__2 _200\"></span>tional requir<span class=\"__2 _200\"></span>ements and the application of a limit frame<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>w<span class=\"__2 _200\"></span>ork. Acc<span class=\"__2 _200\"></span>ordingly<span class=\"__2 _201\"></span>, such e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _202\"></span>e monitored thr<span class=\"__2 _200\"></span>ough the practical use of e<span class=\"__2 _202\"></span>xposure limits. In certain c<span class=\"__2 _200\"></span>ountries, the Group had t<span class=\"__2 _200\"></span>o utilise unrat<span class=\"__2 _200\"></span>ed financial institutions due to oper<span class=\"__2 _202\"></span>ational con<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>str<span class=\"__2 _200\"></span>aints within such countries, in vie<span class=\"__2 _200\"></span>w of the profile of the banking sect<span class=\"__2 _200\"></span>or in those territories. T<span class=\"__2 _200\"></span>he<span class=\"__2 _25f\"> </span>Group w<span class=\"__2 _202\"></span>ould carry out a comprehensiv<span class=\"__2 _202\"></span>e due diligence on such banks, prior to engaging with them,<span class=\"__2 _25f\"> </span>and on an e<span class=\"__2 _200\"></span>vent-driv<span class=\"__2 _202\"></span>en basis throughout the term of the r<span class=\"__2 _200\"></span>elationship. A<span class=\"__2 _200\"></span>t 31 December 2023, balanc<span class=\"__2 _200\"></span>es with other banks consis<span class=\"__2 _200\"></span>ted primarily of immediately withdr<span class=\"__2 _202\"></span>awable nostr<span class=\"__2 _200\"></span>o balances and term plac<span class=\"__2 _200\"></span>ements maturing within one month.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup risks losing of funds due to the pos<span class=\"__2 _200\"></span>sible political, economic and other e<span class=\"__2 _200\"></span>vents in a particular country wher<span class=\"__2 _200\"></span>e funds hav<span class=\"__2 _202\"></span>e been placed or inv<span class=\"__2 _202\"></span>ested with se<span class=\"__2 _200\"></span>ver<span class=\"__2 _200\"></span>al count<span class=\"__2 _200\"></span>erparties domi<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ciled in the same country or r<span class=\"__2 _200\"></span>egion. Countries ar<span class=\"__2 _200\"></span>e assessed acc<span class=\"__2 _200\"></span>ording t<span class=\"__2 _200\"></span>o their size, ec<span class=\"__2 _200\"></span>onomic data and pr<span class=\"__2 _200\"></span>ospects together with cr<span class=\"__2 _200\"></span>edit ratings is<span class=\"__2 _200\"></span>sued by int<span class=\"__2 _200\"></span>ernational rating agencies. Exis<span class=\"__2 _200\"></span>ting country cr<span class=\"__2 _200\"></span>edit risk e<span class=\"__2 _200\"></span>xposures, based on gr<span class=\"__2 _200\"></span>oupings of individual counterparties, ar<span class=\"__2 _200\"></span>e monitor<span class=\"__2 _200\"></span>ed and re<span class=\"__2 _202\"></span>view<span class=\"__2 _200\"></span>ed periodically<span class=\"__2 _201\"></span>. The Group\u2019<span class=\"__2 _200\"></span>s assets ar<span class=\"__2 _200\"></span>e predominantly in Eur<span class=\"__2 _200\"></span>ope.  A<span class=\"__2 _200\"></span>t the end of the reporting periods in 20<span class=\"__2 _200\"></span>23 and 2022, none of the financial assets r<span class=\"__2 _200\"></span>eferred t<span class=\"__2 _200\"></span>o wer<span class=\"__2 _202\"></span>e past due or impair<span class=\"__2 _200\"></span>ed.  The follo<span class=\"__2 _202\"></span>wing tables pro<span class=\"__2 _200\"></span>vide information about the cr<span class=\"__2 _200\"></span>edit quality of cash and cash equivalents. The cr<span class=\"__2 _200\"></span>edit quality of them is determined b<span class=\"__2 _200\"></span>y credit r<span class=\"__2 _200\"></span>atings applicable to c<span class=\"__2 _200\"></span>ounterparties based on e<span class=\"__2 _200\"></span>xternal r<span class=\"__2 _200\"></span>atings published by r<span class=\"__2 _200\"></span>eputable credit r<span class=\"__2 _202\"></span>ating agencies.<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h78\" id=\"_a2b63c9e-47bb-46e6-8835-2709e135d4e4\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb2f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb30 w1a1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yb30 w1a2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u201900<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yb31 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb32 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb33 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>ks </td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb34 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-   </td><td></td><td></td><td class=\"t_2 m0_2 x2cb hb_2 yb35 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb36 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x2cb hb_2 yb36 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb37 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb37 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ce yae1 w1a5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">210,030<span class=\"__2 _25f\"> </span></div></td></tr></table><table class=\"s_1 w1a0 h79\" id=\"_459717f3-abdc-4277-abb9-1bad4878b4fc\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb38 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb39 w1a6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yb39 w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yb3a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb3b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb3c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with Ce<span class=\"__2 _203\"></span>ntral B<span class=\"__2 _203\"></span>an<span class=\"__2 _203\"></span>ks<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb3d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-   </td><td></td><td></td><td class=\"t_2 m0_2 x2c7 hb_2 yb3e ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 hb_2 yb3f ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb40 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb41 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb42 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2d0 yae1 w188_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">66,808<span class=\"__2 _25f\"> </span></div></td></tr></table>In this regar<span class=\"__2 _200\"></span>d, the Go<span class=\"__2 _200\"></span>vernment of Malta and Go<span class=\"__2 _202\"></span>vernment of Lithuania as at 31 Dec<span class=\"__2 _200\"></span>ember 2023 had both a r<span class=\"__2 _200\"></span>ating of A2, as issued b<span class=\"__2 _200\"></span>y Moody\u2019s on 18 No<span class=\"__2 _202\"></span>vember 2022 and 29 April 20<span class=\"__2 _200\"></span>22, respectiv<span class=\"__2 _200\"></span>ely<span class=\"__2 _201\"></span>. (2022: A2) The Go<span class=\"__2 _202\"></span>vernment of Sw<span class=\"__2 _202\"></span>eden as at 31 December 2023 had a r<span class=\"__2 _200\"></span>ating of AA<span class=\"__2 _200\"></span>A as issued b<span class=\"__2 _200\"></span>y Moody\u2019<span class=\"__2 _200\"></span>s on 25 March 2022 (20<span class=\"__2 _200\"></span>22: AA<span class=\"__2 _200\"></span>A). The Go<span class=\"__2 _200\"></span>vernment of Cz<span class=\"__2 _200\"></span>echia as at 31 December 2023 had a ra<span class=\"__2 _200\"></span>ting of AA3 as issued b<span class=\"__2 _202\"></span>y Moody\u2019s on 5 August 20<span class=\"__2 _200\"></span>22 (2022: AA3).<span class=\"__2 _25f\"> </span>The r<span class=\"__2 _200\"></span>espective Fit<span class=\"__2 _200\"></span>ch ra<span class=\"__2 _200\"></span>ting for the Go<span class=\"__2 _200\"></span>vernment of Malta is A+, the Go<span class=\"__2 _202\"></span>vernment of Lithuania is A, the Go<span class=\"__2 _200\"></span>vernment of S<span class=\"__2 _200\"></span>weden is A<span class=\"__2 _200\"></span>AA and the Go<span class=\"__2 _202\"></span>vernment of Czechia is A<span class=\"__2 _200\"></span>A<span class=\"__2 _200\"></span>-.<span class=\"__2 _25f\"> </span>As at 31 December 20<span class=\"__2 _200\"></span>23 and 2022, e<span class=\"__2 _200\"></span>xpected cr<span class=\"__2 _200\"></span>edit loss allow<span class=\"__2 _200\"></span>ances in r<span class=\"__2 _200\"></span>espect of balances with the<span class=\"__2 _25f\"> </span>Centr<span class=\"__2 _200\"></span>al Banks (which are as<span class=\"__2 _200\"></span>sumed to ha<span class=\"__2 _200\"></span>ve the same cr<span class=\"__2 _200\"></span>edit quality as the Go<span class=\"__2 _200\"></span>vernment of Malta, Go<span class=\"__2 _200\"></span>vernment of Lithuania, Go<span class=\"__2 _202\"></span>vernment of Cz<span class=\"__2 _200\"></span>echia and Gov<span class=\"__2 _202\"></span>ernment of Sweden) w<span class=\"__2 _200\"></span>ere deemed t<span class=\"__2 _200\"></span>o be insignificant<table class=\"s_1 w1a0 h7b\" id=\"_92ec1632-20b5-41f1-9458-6922cd2ee4b6\"><tr><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb4f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb50 w1a1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yb50 w1ad h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2c9 ha_2 yb51 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb53 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb54 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A- </td><td></td><td class=\"t_2 m0_2 x2d6 hb_2 yb55 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">1,<span class=\"__2 _203\"></span>558<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yb56 w1a7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d7 yb56 w1ae h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">1<span class=\"__2 _200\"></span>1,344<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb57 w1a9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d8 yb57 w1af h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">59<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb58 w1ab h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d9 yb58 w1b0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">60,721<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb59 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb59 ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">73,6<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb5a ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb5a ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb5b ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">73,6<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb5c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013 n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance </td><td></td><td></td></tr></table><table class=\"s_1 w1a0 h7a\" id=\"_76fae69e-e822-4cec-ae60-53e67e53ba18\"><tr><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yb43 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yb44 w1a6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yb44 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2c9 ha_2 yb45 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yb46 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb47 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Ba<span class=\"__2 _203\"></span>lan<span class=\"__2 _203\"></span>ces with othe<span class=\"__2 _203\"></span>r ba<span class=\"__2 _203\"></span>nks<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb48 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-   </td><td></td><td class=\"t_2 m0_2 x2d1 hb_2 yb49 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,795<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yb4a w1a7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d2 yb4a w1a8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>47<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb0b w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d3 yb0b w1aa h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">241<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb4b w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2d4 yb4b w1ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">78<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb4c ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb4c ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\"> 8<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>517<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yb4d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yb4d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-</td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2d5 hb_2 yb4e ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\"> 8<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>517<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yac0 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013 n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance </td><td></td><td></td></tr></table>Aft<span class=\"__2 _200\"></span>er the end of the reporting period, ther<span class=\"__2 _200\"></span>e wer<span class=\"__2 _202\"></span>e no significant changes in credit ra<span class=\"__2 _200\"></span>tings reflected in the tables abo<span class=\"__2 _200\"></span>ve which ha<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e a material impact on the cr<span class=\"__2 _200\"></span>edit quality of the financial assets<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs197\">4.2.7 Inf<span class=\"__2 _200\"></span>ormation on credit quality of loans t<span class=\"__2 _200\"></span>o customers<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13_2 gs270\">The Gr<span class=\"__2 _200\"></span>oup manages the credit quality of its loans t<span class=\"__2 _200\"></span>o customers b<span class=\"__2 _202\"></span>y using internal risk grades, which </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws94_2 gs198\">pro<span class=\"__2 _202\"></span>vide a progr<span class=\"__2 _200\"></span>essiv<span class=\"__2 _200\"></span>ely increasing risk pr<span class=\"__2 _200\"></span>ofile ranging fr<span class=\"__2 _200\"></span>om \u2018Regular<span class=\"__2 _203\"></span>\u2019 (best quality<span class=\"__2 _201\"></span>, less risk<span class=\"__2 _200\"></span>y) to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5b_2 gs199\">\u2018Loss\u2019: T<span class=\"__2 _200\"></span>hese risk grades ar<span class=\"__2 _200\"></span>e an essential tool f<span class=\"__2 _200\"></span>or the Group t<span class=\"__2 _200\"></span>o identify both non-performing e<span class=\"__2 _200\"></span>x<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws98_2 gs19a\">posures and bett<span class=\"__2 _200\"></span>er-performing cust<span class=\"__2 _200\"></span>omers. The internal risk gr<span class=\"__2 _202\"></span>ades used by the Gr<span class=\"__2 _200\"></span>oup are further </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs19b\">outlined as follo<span class=\"__2 _200\"></span>ws:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs19d\">\u2022 <span class=\"__2 _205\"></span>Performing: Internal gr<span class=\"__2 _202\"></span>ade \u2018Regular<span class=\"__2 _203\"></span>\u2019;<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs19f\">\u2022 <span class=\"__2 _205\"></span>Under performing: Internal gr<span class=\"__2 _200\"></span>ades \u2018W<span class=\"__2 _201\"></span>atch\u2019 and \u2018Substandar<span class=\"__2 _200\"></span>d\u2019; and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1a1\">\u2022 <span class=\"__2 _205\"></span>Non-performing: Internal gr<span class=\"__2 _200\"></span>ades \u2018Doubtful\u2019 and \u2018Loss\u2019. </div><div class=\"t_2 m0_2 hd_2 ff3_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs271\">Regular<span class=\"ff4_2\">  </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws16_2 gs1a3\">The Gr<span class=\"__2 _200\"></span>oup\u2019s loans t<span class=\"__2 _200\"></span>o customers which ar<span class=\"__2 _202\"></span>e categorised as \u2018Regular<span class=\"__2 _203\"></span>\u2019 ar<span class=\"__2 _200\"></span>e principally debts in respect </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws17_2 gs1a4\">of which payment is not o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>due by 30 da<span class=\"__2 _200\"></span>ys and no r<span class=\"__2 _200\"></span>ecent hist<span class=\"__2 _200\"></span>ory of cust<span class=\"__2 _200\"></span>omer default e<span class=\"__2 _200\"></span>xists. Mul<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf4_2 gs1a5\">titude does not e<span class=\"__2 _200\"></span>xpect losses from non-perf<span class=\"__2 _200\"></span>ormance b<span class=\"__2 _200\"></span>y these customers, which ar<span class=\"__2 _200\"></span>e consider<span class=\"__2 _200\"></span>ed as </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1a6\">fully performing.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff3_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs272\">W<span class=\"__2 _201\"></span>atch </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1a8\">\u2022 <span class=\"__2 _205\"></span>Loans that attr<span class=\"__2 _200\"></span>act this category principally c<span class=\"__2 _200\"></span>omprise those where: </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1aa\">\u2022 <span class=\"__2 _205\"></span><span class=\"wsda_2\">payment bec<span class=\"__2 _200\"></span>omes ov<span class=\"__2 _202\"></span>erdue by 30 da<span class=\"__2 _202\"></span>ys, but does not e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>eed 60 day<span class=\"__2 _200\"></span>s where a loan is deemed t<span class=\"__2 _200\"></span>o </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs273\">be as non-performing when past due f<span class=\"__2 _200\"></span>or more than 90 da<span class=\"__2 _200\"></span>ys; </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs274\">\u2022 <span class=\"__2 _205\"></span><span class=\"ws70_2\">payment bec<span class=\"__2 _200\"></span>omes ov<span class=\"__2 _202\"></span>erdue b<span class=\"__2 _200\"></span>y 30 day<span class=\"__2 _200\"></span>s but does not ex<span class=\"__2 _202\"></span>ceed 45 day<span class=\"__2 _200\"></span>s where a loan is <span class=\"__2 _200\"></span>deemed to </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs275\">be as non-performing when past due f<span class=\"__2 _200\"></span>or more than 60 da<span class=\"__2 _200\"></span>ys; and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1af\">\u2022 <span class=\"__2 _205\"></span><span class=\"wsb7_2\">there ar<span class=\"__2 _200\"></span>e indicators of a significant incr<span class=\"__2 _200\"></span>ease in credit risk in ins<span class=\"__2 _200\"></span>tances when loans w<span class=\"__2 _200\"></span>ere gr<span class=\"__2 _200\"></span>anted a </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs276\">payment holida<span class=\"__2 _200\"></span>y in a specific portfolio<span class=\"__2 _200\"></span>. </div><div class=\"t_2 m0_2 h5_2 ff3_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs101\">Substandar<span class=\"__2 _200\"></span>d </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs277\">Exposures tha<span class=\"__2 _200\"></span>t are cat<span class=\"__2 _200\"></span>egorised within this category comprise those wher<span class=\"__2 _202\"></span>e: </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1b2\">\u2022 <span class=\"__2 _205\"></span><span class=\"ws21_2\">payment bec<span class=\"__2 _200\"></span>omes ov<span class=\"__2 _202\"></span>erdue by 6<span class=\"__2 _200\"></span>1 day<span class=\"__2 _200\"></span>s but does not e<span class=\"__2 _200\"></span>x<span class=\"__2 _200\"></span>ceed 90 day<span class=\"__2 _200\"></span>s for wher<span class=\"__2 _200\"></span>e a loan is deemed </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs278\">to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 90 day<span class=\"__2 _200\"></span>s; and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1b3\">\u2022 <span class=\"__2 _205\"></span><span class=\"wsa3_2\">where pa<span class=\"__2 _200\"></span>yment becomes o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue b<span class=\"__2 _200\"></span>y 46 day<span class=\"__2 _200\"></span>s, but does not e<span class=\"__2 _200\"></span>xc<span class=\"__2 _200\"></span>eed 60 day<span class=\"__2 _200\"></span>s where a loan is </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs279\">deemed to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 60 day<span class=\"__2 _200\"></span>s; </div><div class=\"t_2 m0_2 h5_2 ff3_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gsf6\">Doubtful </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gsf7\">Loans which attr<span class=\"__2 _200\"></span>act a \u2018Doubtful\u2019 grading ar<span class=\"__2 _200\"></span>e principally those assets in r<span class=\"__2 _200\"></span>espect of which: </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gsf9\">\u2022 <span class=\"__2 _205\"></span><span class=\"ws4e_2\">repa<span class=\"__2 _200\"></span>yment becomes o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue b<span class=\"__2 _200\"></span>y 61 da<span class=\"__2 _200\"></span>ys and o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er but not ex<span class=\"__2 _202\"></span>ceeding 180 day<span class=\"__2 _200\"></span>s for wher<span class=\"__2 _200\"></span>e a loan is </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs27a\">deemed to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 60 day<span class=\"__2 _200\"></span>s; </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs10b\">\u2022 <span class=\"__2 _205\"></span><span class=\"ws153_2\">repa<span class=\"__2 _200\"></span>yment becomes o<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>erdue b<span class=\"__2 _200\"></span>y 91 day<span class=\"__2 _200\"></span>s and o<span class=\"__2 _200\"></span>ver but not e<span class=\"__2 _202\"></span>xc<span class=\"__2 _200\"></span>eeding 180 day<span class=\"__2 _200\"></span>s for a loan is </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs27b\">deemed to be as non-perf<span class=\"__2 _200\"></span>orming when past due for mor<span class=\"__2 _200\"></span>e than 90 day<span class=\"__2 _200\"></span>s; or </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gsfe\">\u2022 <span class=\"__2 _205\"></span>hav<span class=\"__2 _200\"></span>e indicated UTP crit<span class=\"__2 _200\"></span>eria, as outlined in Note 4.2.5.2.<span class=\"__2 _25f\"> </span> </div>Loss Loans in r<span class=\"__2 _200\"></span>espect of which payment becomes o<span class=\"__2 _202\"></span>ver<span class=\"__2 _200\"></span>due by 180 da<span class=\"__2 _200\"></span>ys.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup further categorises outstanding loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers using an internal risk gr<span class=\"__2 _200\"></span>ading sys<span class=\"__2 _200\"></span>tem based on their credit quality and perf<span class=\"__2 _200\"></span>ormance, with \"R<span class=\"__2 _200\"></span>egular\" considered t<span class=\"__2 _200\"></span>o be \"performing\" and not-credit impair<span class=\"__2 _202\"></span>ed (Stage 1), \"W<span class=\"__2 _202\"></span>atch\" and \"Substandar<span class=\"__2 _200\"></span>d\" regar<span class=\"__2 _200\"></span>ded as \"underperforming\" with an occurr<span class=\"__2 _200\"></span>ence of SICR sinc<span class=\"__2 _200\"></span>e initial rec<span class=\"__2 _200\"></span>ognition (Stage 2), and \"Doubtful\" and \"Loss\" c<span class=\"__2 _200\"></span>onsidered to be \"non-performing\" and cr<span class=\"__2 _200\"></span>edit-impaired (Stage 3). The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s the Group\u2019<span class=\"__2 _202\"></span>s gross outstanding loans t<span class=\"__2 _200\"></span>o customers balanc<span class=\"__2 _200\"></span>es, risk grading, and basis for ECL r<span class=\"__2 _200\"></span>ecognition and measur<span class=\"__2 _200\"></span>ement as at the years ended 31 Dec<span class=\"__2 _200\"></span>ember:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1b1 h7c\" id=\"_8b8eccef-1851-43fd-bf4e-e30280c2e6b9\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2da ha_2 yb5d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Day<span class=\"__2 _200\"></span>s past due*<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb5e w1b2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Risk grade<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2db yb5e w1b3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Category<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2dc yb5e w1b4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Basis for ECL<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2dd ha_2 yb5f ff3_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">Lowe<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span> </td><td class=\"t_2 m0_2 x2de ha_2 yb5f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Upper </td><td class=\"c_1 n_1 x2df yb5e w1b5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">UTP<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e0 yb5e w19c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e1 yb5e w19d h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2e2 ha_2 yb60 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">range<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x2e3 ha_2 yb60 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">range<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb61 w1b6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Regular<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e4 yb61 w1b7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls58_2 ws190_1\">Per<span class=\"__2 _203\"></span>form<span class=\"__2 _203\"></span>ing<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x2e5 hb_2 yb62 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1 (<span class=\"__2 _203\"></span>12-m<span class=\"__2 _203\"></span>onth </td><td class=\"c_1 n_1 x2e6 yb63 w1b8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">0 to 30<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2e7 yb63 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e8 yb63 w1b9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">532,23<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2e9 yb63 w1ba h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">464,<span class=\"__2 _203\"></span>238<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb64 ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb65 w1bb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5a_2 ws192_1\">Wa<span class=\"__2 _203\"></span>tc<span class=\"__2 _203\"></span>h<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2eb yb65 w1bc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">Underper<span class=\"__2 _203\"></span>forming</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb66 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2 (lifetim<span class=\"__2 _203\"></span>e </td><td class=\"c_1 n_1 x2ed yb65 w1bd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>1 - 45<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ee yb65 w1be h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 - 6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ef yb65 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f0 yb65 w1bf h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">26<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>955<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f1 yb65 w1c0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">20,755<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb67 ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb68 w1c1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Substandar<span class=\"__2 _200\"></span>d<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f2 yb68 w1c2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">Und<span class=\"__2 _203\"></span>erper<span class=\"__2 _203\"></span>forming</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb69 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2 (lifetim<span class=\"__2 _203\"></span>e </td><td class=\"c_1 n_1 x2f3 yb6a w1c3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46 - 6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f4 yb6a w1c4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>1 - 90<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f5 yb6a w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f6 yb6a w1c5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f7 yb6a w1c6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">14<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb6b ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb6c w1c7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Doubtful<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f8 yb6c w1c8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Non-per<span class=\"__2 _203\"></span>forming</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb6d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3 (lifetim<span class=\"__2 _203\"></span>e </td><td class=\"c_1 n_1 x2f3 yb6e w1c9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">61 - 1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2f9 yb6e w1c9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">91 - 1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fa yb6e w1ca h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">Ye<span class=\"__2 _212\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fb yb6e wb7_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">21,661<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fc yb6e w1cb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24,<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb6f ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yb70 w1cc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">Loss<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2fd yb70 w1c8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Non-<span class=\"__2 _203\"></span>performing</div></td><td class=\"t_2 m0_2 x2ec hb_2 yb71 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3 (lifetim<span class=\"__2 _203\"></span>e </td><td></td><td class=\"c_1 n_1 x2fe yb72 w1cd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Mo<span class=\"__2 _203\"></span>re than 1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0 days<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2ff yb72 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x300 yb72 w1ce h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">92<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x301 yb72 w1cf h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">95<span class=\"__2 _203\"></span>,0<span class=\"__2 _200\"></span>72<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2ea hb_2 yb73 ff2_2 fs7_2 fc1_2 sc0_2 ls59_2 ws191_1\">EC<span class=\"__2 _203\"></span>L)<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wd2_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c_1 n_1 x302 yae1 w1d0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">690,61<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x303 yae1 w1d1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">61<span class=\"__2 _203\"></span>9,794<span class=\"__2 _25f\"> </span></div></td></tr></table>*Lo<span class=\"__2 _200\"></span>wer and upper r<span class=\"__2 _200\"></span>anges of day<span class=\"__2 _200\"></span>s past due are based on DPD thr<span class=\"__2 _200\"></span>esholds of 60 and 90 day<span class=\"__2 _200\"></span>s, respectiv<span class=\"__2 _200\"></span>ely<span class=\"__2 _201\"></span>, to be consider<span class=\"__2 _200\"></span>ed as non-performing<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span>Rec<span class=\"__2 _200\"></span>onciliation of 12-month and lifetime ECL pro<span class=\"__2 _202\"></span>vision<span class=\"__2 _25f\"> </span>The loss allo<span class=\"__2 _202\"></span>wance r<span class=\"__2 _200\"></span>ecognised in the period is impact<span class=\"__2 _200\"></span>ed by a v<span class=\"__2 _200\"></span>ariety of fact<span class=\"__2 _200\"></span>ors, as described below:<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"wsbd_2\">T<span class=\"__2 _201\"></span>ransfers betw<span class=\"__2 _200\"></span>een \u2018Stage 1\u2019 and \u2018Stages 2 or 3\u2019 due t<span class=\"__2 _200\"></span>o financial instruments e<span class=\"__2 _200\"></span>xperiencing <span class=\"__2 _e_2\"></span><span class=\"ws0_2\"> </span></span>significant increases (<span class=\"__2 _202\"></span>or decreases) of cr<span class=\"__2 _202\"></span>edit risk or becoming credit-impair<span class=\"__2 _200\"></span>ed in the period, and the consequent \"s<span class=\"__2 _200\"></span>tep up\" (<span class=\"__2 _200\"></span>or \"step do<span class=\"__2 _200\"></span>wn\") between 12-month and Lif<span class=\"__2 _200\"></span>etime ECL;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"ws2a_2\">Additional allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es for ne<span class=\"__2 _200\"></span>w financial instruments rec<span class=\"__2 _200\"></span>ognised during the period, as well as </span>releases f<span class=\"__2 _200\"></span>or financial instruments derec<span class=\"__2 _200\"></span>ognised in the period;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"ws17_2\">Impact on the measurement of ECL due t<span class=\"__2 _200\"></span>o changes in PDs, EADs and L<span class=\"__2 _200\"></span>GDs in the period, arising </span>from r<span class=\"__2 _200\"></span>egular r<span class=\"__2 _200\"></span>efreshing of inputs to models;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span>Impacts on the measurement of ECL due t<span class=\"__2 _200\"></span>o changes made to models and assumptions;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"ws79_2\">Discount unwind within ECL due t<span class=\"__2 _200\"></span>o the passage of time, as ECL is measur<span class=\"__2 _200\"></span>ed on a present v<span class=\"__2 _202\"></span>alue </span>basis;<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _212\"></span><span class=\"wsee_2\">For<span class=\"__2 _200\"></span>eign e<span class=\"__2 _200\"></span>xchange r<span class=\"__2 _202\"></span>etranslations for as<span class=\"__2 _200\"></span>sets denominated in for<span class=\"__2 _200\"></span>eign currencies and other mo<span class=\"__2 _202\"></span>vements; </span>and<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _205\"></span><span class=\"wsfe_2\">Financial assets der<span class=\"__2 _200\"></span>ecognised during the period and write-offs of allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es relat<span class=\"__2 _200\"></span>ed to assets </span>that w<span class=\"__2 _200\"></span>ere writt<span class=\"__2 _200\"></span>en off during the period<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w summarises the Group's mo<span class=\"__2 _202\"></span>vements and the balances of los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances for loans to cus<span class=\"__2 _200\"></span>tomers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 20<span class=\"__2 _200\"></span>23:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1d2 h7d\" id=\"_5f2e97c3-3e89-440b-a70b-caadbfaeeb12\"><tr><td></td><td class=\"t_2 m0_2 x304 ha_2 yb74 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x305 ha_2 yb74 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x306 ha_2 yb74 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yb75 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x307 ha_2 yb76 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x308 ha_2 yb76 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x309 ha_2 yb76 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 yb76 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x30b ha_2 yb77 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30c ha_2 yb77 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30d ha_2 yb77 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yb78 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yb79 w1d3 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x30f yb79 w1d4 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>23<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x310 yb79 w1d5 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">35,61<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x311 yb79 w1d6 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">1<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>939<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x312 yb79 w1d7 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">61<span class=\"__2 _203\"></span>9,79<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yb7a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb7b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x315 yb7c w1d8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x316 yb7c w1d9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">20,08<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x317 yb7c w1da h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">28,906<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x318 yb7c w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb7d ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x319 yb7e w1db h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">3<span class=\"__2 _203\"></span>,17<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x31a yb7e w1dc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1<span class=\"__2 _200\"></span>2,86<span class=\"__2 _200\"></span>1)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x31b yb7e w1dd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">9,69<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x31c yb7e w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yb7f ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x31d yb80 w1de h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">(<span class=\"__2 _201\"></span>45,<span class=\"__2 _203\"></span>821)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x31e yb80 w1df h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">7,<span class=\"__2 _a0_2\"> </span>2<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x31f yb80 w1e0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>96<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x320 yb80 w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yb81 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb82 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x31d yb83 w1e1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">777<span class=\"__2 _201\"></span>,408<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x321 yb83 w1e2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>59<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x322 yb83 w1e3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">65<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>94<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x323 yb83 w1e4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>83<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>292<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb84 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x324 yb85 w1e5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x325 yb85 w1e6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(39,110<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x326 yb85 w1e7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>01<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>7)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x327 yb85 w1e8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(8<span class=\"__2 _205\"></span>03<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb86 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x328 yb87 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x329 yb87 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x32a yb87 w1e9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x32b yb87 w1ea h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb88 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x32c yb89 w1eb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(50<span class=\"__2 _203\"></span>5)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x32d yb89 w1ec h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(5<span class=\"__2 _203\"></span>7)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x32e yb89 w1ed h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(<span class=\"__2 _203\"></span>176<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x32f yb89 w1ee h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>39)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yb8a ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x330 yb8b w1ef h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">6<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x331 yb8b w1f0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x332 yb8b w1f1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">(5,821)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x333 yb8b w1f2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">70,<span class=\"__2 _205\"></span>82<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yb8c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x334 yb8d w1f3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">532<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>23<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x335 yb8d w1f4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>4,<span class=\"__2 _205\"></span>26<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x336 yb8d w1f5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">11<span class=\"__2 _200\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _200\"></span>119<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x337 yb8d w1f6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">690,61<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yb8e ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yb8f ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yb90 w1f7 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">2<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x339 yb90 w1f8 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,024<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x33a yb90 w1f9 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">74<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x33b yb90 w1fa h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>12<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yb91 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb92 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c yb93 w1fb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(3,<span class=\"__2 _203\"></span>275)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x33d yb93 w1fc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>92<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x33e yb93 w1fd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">1,983<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x33f yb93 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb94 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x328 yb95 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x340 yb95 w1fe h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x341 yb95 w1ff h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">13,<span class=\"__2 _203\"></span>675<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x342 yb95 w200 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">18<span class=\"__2 _205\"></span>,76<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb96 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 yb97 w10d_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">85<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x344 yb97 w201 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">(3<span class=\"__2 _203\"></span>,8<span class=\"__2 _203\"></span>37)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x345 yb97 w202 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">2,984<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x346 yb97 w203 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsb_2 ws199_1\">(0)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb98 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yb99 w204 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">(55<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x348 yb99 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x349 yb99 w205 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>957<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x34a yb99 w206 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">2,405<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb9a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34b yb9b w207 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>48<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x34c yb9b w208 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">36<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x34d yb9b w209 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws55_2\">9,<span class=\"__2 _203\"></span>492<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x34e yb9b w20a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">9,<span class=\"__2 _205\"></span>976<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yb9c ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yb9d w20b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>52<span class=\"__2 _203\"></span>5)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x350 yb9d w20c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>80<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x351 yb9d w20d h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,09<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x352 yb9d w20e h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,14<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yb9e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yb9f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yba0 w20f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">4<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>413<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x353 yba0 w210 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>96<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x354 yba0 w211 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">3<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>47<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x355 yba0 w212 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">89,1<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yba1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x356 yba2 w213 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(3<span class=\"__2 _200\"></span>8,82<span class=\"__2 _200\"></span>2<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x357 yba2 w214 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x358 yba2 w215 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x359 yba2 w216 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(114<span class=\"__2 _200\"></span>,8<span class=\"__2 _200\"></span>79<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yba3 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x328 yba4 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x329 yba4 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x32a yba4 w1e9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x32b yba4 w1ea h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>397<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yba5 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34b yba6 w217 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x35a yba6 w218 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">22<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x35b yba6 w219 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>09<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x35c yba6 w21a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5,02<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yba7 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x328 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x329 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x35d yba8 w21b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x35e yba8 w21c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yba9 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34b ybaa w21d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(2<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x35f ybaa w21e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x360 ybaa w21f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x361 ybaa wbc_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(<span class=\"__2 _203\"></span>17<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybab ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x32c ybac w220 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls63_2 ws19c_1\">3,94<span class=\"__2 _200\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x362 ybac w221 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>33<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x363 ybac w222 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5a_2 ws192_1\">(<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x364 ybac w223 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>949<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ybad ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ybae w224 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>82<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x365 ybae w225 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">14,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>61<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x366 ybae w226 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">69,025<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x367 ybae w227 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>14<span class=\"__2 _203\"></span>,66<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x368 ybaf w229 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">5.<span class=\"__2 _203\"></span>88%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x369 ybaf w22a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">3<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x36a ybaf w22b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">60.49%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x36b ybaf w22c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"><span class=\"ls12_2 ws58_2\">16<span class=\"__2 _203\"></span>.60<span class=\"__2 _25f\"> </span></span><span class=\"ls12_2 ws58_2\">%<span class=\"__2 _25f\"> </span></span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarises the Group's mo<span class=\"__2 _202\"></span>vements and the balances of los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances for loans to cus<span class=\"__2 _200\"></span>tomers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 20<span class=\"__2 _200\"></span>22:<span class=\"__2 _25f\"> </span><table class=\"s_1 w22d h7e\" id=\"_655564ac-0595-4e10-9f99-dfb5cb719d99\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 ybb0 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x36d ha_2 ybb0 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x36e ha_2 ybb0 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 3 </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 ybb1 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x370 ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x306 ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x371 ha_2 ybb2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 ybb3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x373 ha_2 ybb3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x374 ha_2 ybb3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ybb4 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e ybb5 w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x375 ybb5 w22f h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">3<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x376 ybb5 w230 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">29,623<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x377 ybb5 w231 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">149<span class=\"__2 _203\"></span>,637<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x378 ybb5 w232 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">573,708<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybb6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybb7 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c ybb8 w233 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _203\"></span>7,<span class=\"__2 _205\"></span>74<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x379 ybb8 w234 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">14,126<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37a ybb8 w235 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>18<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37b ybb8 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybb9 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c ybba w236 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,029<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37d ybba w237 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37e ybba w238 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x37f ybba w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ybbb ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x380 ybbc w239 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x381 ybbc w23a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls67_2 ws19f_1\">2,486<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x382 ybbc w23b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls68_2 ws3a_2\">42,<span class=\"__2 _203\"></span>228<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x383 ybbc w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybbd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybbe ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c ybbf w23c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">73<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x384 ybbf w23d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">36,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>81<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x385 ybbf w23e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>25<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x386 ybbf w23f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">8<span class=\"__2 _205\"></span>41<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>40<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybc0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x356 ybc1 w240 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x387 ybc1 w241 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">(32,<span class=\"__2 _203\"></span>294<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x388 ybc1 w242 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x389 ybc1 w243 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(769,2<span class=\"__2 _203\"></span>95)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybc2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ybc3 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38b ybc3 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38c ybc3 w244 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>15<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>06)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38d ybc3 w245 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5,0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybc4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ybc5 w246 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>65<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38e ybc5 w247 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38f ybc5 w248 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>81)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x390 ybc5 w249 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(11<span class=\"__2 _203\"></span>,01<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybc6 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x391 ybc7 w24a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">69,791<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x392 ybc7 w24b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">5,<span class=\"__2 _203\"></span>993<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x393 ybc7 w24c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">(29,69<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x394 ybc7 w24d h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">46,<span class=\"__2 _200\"></span>087<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ybc8 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x395 ybc9 w24e h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">464,<span class=\"__2 _203\"></span>238<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x396 ybc9 w24f h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">35,617<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x397 ybc9 w250 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">1<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>939<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x398 ybc9 w251 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>19<span class=\"__2 _203\"></span>,794<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ybca ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybcb ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x399 ybcc w252 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">2<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>74<span class=\"__2 _205\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39a ybcc w253 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">8,806<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39b ybcc w254 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">92<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>595<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39c ybcc w1e2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>24<span class=\"__2 _203\"></span>,14<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybcd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybce ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ybcf w255 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>49)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39d ybcf w256 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">8<span class=\"__2 _203\"></span>24<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39e ybcf w257 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>52<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x39f ybcf w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ybd1 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a0 ybd1 w258 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a1 ybd1 w259 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">14,0<span class=\"__2 _203\"></span>69<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a2 ybd1 w25a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">1<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 ybd3 w25b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">795<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a4 ybd3 w25c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(3,43<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a5 ybd3 w25d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>63<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a6 ybd3 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c ybd5 w236 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(5<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a7 ybd5 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a8 ybd5 w258 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3a9 ybd5 w25e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>67<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybd6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 ybd7 w25f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">777<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3aa ybd7 w178_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">65<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ab ybd7 w260 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ac ybd7 w261 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ybd8 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ybd9 w262 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>317<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ae ybd9 w263 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>43<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3af ybd9 w264 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls67_2 ws19f_1\">29,480<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b0 ybd9 w265 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">28<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybda ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybdb ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ybdc w266 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">46,663<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b1 ybdc w267 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>80<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b2 ybdc w268 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">34,<span class=\"__2 _203\"></span>539<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b3 ybdc w269 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">93<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybdd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c ybde w26a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(39,136)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b4 ybde w26b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>976<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b5 ybde w26c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">(<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b6 ybde w26d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(<span class=\"__2 _203\"></span>11<span class=\"__2 _203\"></span>6,78<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybdf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yba4 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38b yba4 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38c yba4 w244 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>15<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>06)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38d yba4 w245 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5,0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybe0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3b7 yba6 w26e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">(1<span class=\"__2 _203\"></span>53)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b8 yba6 w26f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(28<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3b9 yba6 w270 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>78<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ba yba6 w271 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">239<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybe1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x38b yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3bb yba8 w272 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">48<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3bc yba8 w272 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">48<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybe2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd ybaa w273 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3be ybaa w274 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>69)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3bf ybaa w275 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _212\"></span>74<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c0 ybaa w276 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">(1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>373)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybe3 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ybac w277 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _205\"></span>592<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c2 ybac w278 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>21<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c3 ybac w279 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">(18,236<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c4 ybac w27a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(<span class=\"__2 _203\"></span>11<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>426)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ybe4 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c5 ybae w27b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">2<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c6 ybae w27c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">11<span class=\"__2 _203\"></span>,024<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c7 ybae w27d h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">7<span class=\"__2 _200\"></span>4<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c8 ybae w27e h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">112<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>19<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c9 ybaf w27f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">5.<span class=\"__2 _203\"></span>89%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ca ybaf w280 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">30.<span class=\"__2 _203\"></span>95%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3cb ybaf w281 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">62<span class=\"__2 _203\"></span>.0<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3cc ybaf w282 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr></table>T<span class=\"__2 _201\"></span>ransf<span class=\"__2 _200\"></span>ers out of Stage 1 are driv<span class=\"__2 _200\"></span>en b<span class=\"__2 _200\"></span>y the underlying gross loans t<span class=\"__2 _200\"></span>o customers t<span class=\"__2 _200\"></span>o hav<span class=\"__2 _202\"></span>e a significant increase in cr<span class=\"__2 _200\"></span>edit risks sinc<span class=\"__2 _200\"></span>e initial recognition (S<span class=\"__2 _200\"></span>tage 2) or become credit-impair<span class=\"__2 _202\"></span>ed (Stage 3), whereas tr<span class=\"__2 _202\"></span>ansfers out of Stages 2 or 3 result fr<span class=\"__2 _200\"></span>om the underlying gros<span class=\"__2 _200\"></span>s loans to cust<span class=\"__2 _200\"></span>omers no longer meeting said definitions. T<span class=\"__2 _201\"></span>ransf<span class=\"__2 _200\"></span>ers in between Stages or changes within DPD buck<span class=\"__2 _200\"></span>et that do not neces<span class=\"__2 _200\"></span>sarily impact ECL stages could also r<span class=\"__2 _200\"></span>esult in an increase (<span class=\"__2 _200\"></span>decr<span class=\"__2 _200\"></span>ease) in los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances during the y<span class=\"__2 _200\"></span>ear<span class=\"__2 _201\"></span>. Remeasur<span class=\"__2 _200\"></span>ements from changes in the ECL model, inputs and assumptions ar<span class=\"__2 _202\"></span>e mainly driven b<span class=\"__2 _200\"></span>y updating the calculations, sta<span class=\"__2 _200\"></span>tistics and modelling paramet<span class=\"__2 _200\"></span>ers rela<span class=\"__2 _200\"></span>ting to EAD<span class=\"__2 _200\"></span>, PD<span class=\"__2 _200\"></span>, L<span class=\"__2 _202\"></span>GD, and EIR based on the most r<span class=\"__2 _200\"></span>ecent a<span class=\"__2 _200\"></span>vailable informa<span class=\"__2 _200\"></span>tion at the reporting dat<span class=\"__2 _200\"></span>e. The un<span class=\"__2 _200\"></span>wind of discount is driv<span class=\"__2 _200\"></span>en by the amortisation of the ECL's pr<span class=\"__2 _200\"></span>esent v<span class=\"__2 _200\"></span>alue for long-outstanding loans to c<span class=\"__2 _200\"></span>ustomers<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2023 f<span class=\"__2 _200\"></span>or the Ferr<span class=\"__2 _200\"></span>atum business unit:<span class=\"__2 _25f\"> </span><table class=\"s_1 w283 h7d\" id=\"_607e3819-222a-4bad-b308-01ce0a6d2225\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 ybe5 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x3cd ha_2 ybe5 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x3ce ha_2 ybe5 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 ybe6 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 ybe7 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x305 ha_2 ybe7 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x36e ha_2 ybe7 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 ybe7 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 ybe8 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3cf ha_2 ybe8 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3d0 ha_2 ybe8 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ybe9 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yb79 w1d3 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d1 yb79 w284 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">269,<span class=\"__2 _203\"></span>856<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d2 yb79 w285 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">26<span class=\"__2 _203\"></span>,602<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d3 yb79 w286 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">85,698<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d4 yb79 w287 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,15<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybea ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybeb ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3d5 yb7c w288 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(2<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d6 yb7c w197 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>970<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d7 yb7c w289 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>51<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d8 yb7c w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybec ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c ybed w28a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">2,429<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3d9 ybed w28b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">(<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>3<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3da ybed w28c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>04<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3db ybed w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ybee ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x31d ybef w28d h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(24<span class=\"__2 _203\"></span>,055<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3dc ybef w28e h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>537<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3dd ybef w28f h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">18,<span class=\"__2 _203\"></span>518<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3de ybef w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybf0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybf1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c ybf2 w290 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">593<span class=\"__2 _203\"></span>,759<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3df ybf2 w291 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">3<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>297<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e0 ybf2 w292 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">55<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e1 ybf2 w293 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>84<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>95<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybf3 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x356 yb85 w294 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(51<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>36<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e2 yb85 w295 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(3<span class=\"__2 _203\"></span>4,071)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e3 yb85 w296 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e4 yb85 w297 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybf4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 ybf5 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 ybf5 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e7 ybf5 w298 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(5,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e8 ybf5 w299 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybf6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd ybf7 w29a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(56<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e9 ybf7 w29b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(59)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ea ybf7 w29c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3eb ybf7 w29d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(8<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybf8 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ybf9 w29e h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">50,405<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ec ybf9 w29f h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">6<span class=\"__2 _203\"></span>,70<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ed ybf9 w2a0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">(<span class=\"__2 _a0_2\"> </span>1<span class=\"__2 _203\"></span>7,<span class=\"__2 _a0_2\"> </span>2<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ee ybf9 w2a1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>9,9<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ybfa ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c yb8d w2a2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">320,<span class=\"__2 _205\"></span>26<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ef yb8d w2a3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">33,30<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f0 yb8d w2a4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls67_2 ws19f_1\">68,49<span class=\"__2 _200\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f1 yb8d w2a5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">422<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ybfb ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ybfc ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yb90 w2a6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">19,<span class=\"__2 _203\"></span>969<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f3 yb90 w2a7 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>417<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f4 yb90 w292 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">56<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f5 yb90 w2a8 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ybfd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ybfe ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ybff w2a9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(2<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>41)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f6 ybff w2aa h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f7 ybff w1fd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">1<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f8 ybff w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc00 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yc01 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f9 yc01 w2ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">3<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3fa yc01 w2ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _203\"></span>36<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3fb yc01 w2ad h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>527<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc02 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 yc03 w2ae h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">639<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3fc yc03 w252 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(2,145)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3fd yc03 w2af h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>50<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3fe yc03 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc04 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34b yc05 w2b0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _203\"></span>1<span class=\"__2 _212\"></span>5<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3ff yc05 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x400 yc05 w2b1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">1,<span class=\"__2 _200\"></span>7<span class=\"__2 _201\"></span>44<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x401 yc05 w2b2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>329<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc06 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x402 yc07 w2b3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">77<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x403 yc07 w2b4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">28<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x404 yc07 w2b5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">5<span class=\"__2 _203\"></span>,41<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x405 yc07 w2b6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws1a6_1\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>15<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc08 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yc09 w2b7 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">(1<span class=\"__2 _203\"></span>,739)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x406 yc09 w2b8 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>98<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x407 yc09 w2b9 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>21<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x408 yc09 w2ba h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>372<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc0a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc0b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yba0 w2bb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">3<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>978<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x409 yba0 w2bc h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">11<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x40a yba0 w2bd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,78<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x40b yba0 w2be h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">75,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>02<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc0c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x40c yc0d w2bf h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x40d yc0d w2c0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>29)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x40e yc0d w2c1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">(56,<span class=\"__2 _200\"></span>006)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x40f yc0d w2c2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(99,105)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc0e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yc0f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yc0f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e7 yc0f w298 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(5,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e8 yc0f w299 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc10 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yba6 w2c3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>9<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x410 yba6 w2c4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x411 yba6 w2c5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>18<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x412 yba6 w2c6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc11 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x413 yba8 w2c7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">462<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x414 yba8 w2c8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc12 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 yc13 w2c9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(3<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x415 yc13 w21e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x416 yc13 w2ca h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>13<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x417 yc13 w29c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>87<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc14 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x418 yc15 w2cb h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">3<span class=\"__2 _203\"></span>,149<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x419 yc15 w2cc h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x41a yc15 w2cd h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6d_1 ws1a7_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x41b yc15 w2ce h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5a_2 ws192_1\">(<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>24)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc16 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yc17 w2cf h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">2<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,117<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x41c yc17 w2d0 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">1<span class=\"__2 _212\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _205\"></span>74<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x41d yc17 w2d1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">41<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>027<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x41e yc17 w2d2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">74<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x41f ybaf w2d3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6e_1 ws1a8_1\">7.<span class=\"__2 _212\"> </span>2<span class=\"__2 _212\"></span>2<span class=\"__2 _212\"></span>%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x420 ybaf w2d4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">32<span class=\"__2 _203\"></span>.05%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x421 ybaf w2d5 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">59.9<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x422 ybaf w2d6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"><span class=\"ls6e_1 ws1a8_1\"><span class=\"ls64_2 ws19d_1\"><span class=\"ls4e_2 ws185_1\"><span class=\"ls65_2 ws53_2\">17<span class=\"__2 _202\"></span>.73<span class=\"__2 _25f\"> </span></span></span></span></span><span class=\"ls6e_1 ws1a8_1\"><span class=\"ls64_2 ws19d_1\"><span class=\"ls4e_2 ws185_1\"><span class=\"ls65_2 ws53_2\">%<span class=\"__2 _25f\"> </span></span></span></span></span></div></td></tr></table><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws91_2 gs28e\">The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs28f\">cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2022 f<span class=\"__2 _200\"></span>or the Ferr<span class=\"__2 _200\"></span>atum business unit:<span class=\"__2 _25f\"> </span></div><div class=\"gs285\"><table class=\"s_1 w2d7 h7f\" id=\"_25aa6cfd-47a3-4225-8246-300152e77bfa\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 yc18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x3cd ha_2 yc18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x306 ha_2 yc18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yc19 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x305 ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x309 ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 yc1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 yc1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3cf ha_2 yc1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30d ha_2 yc1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc1c ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yc1d w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x423 yc1d w2d8 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">2<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x424 yc1d w2d9 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">24<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>35<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x425 yc1d w2da h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">1<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x426 yc1d w2db h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">380,516<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc1e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc1f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x31d yc20 w2dc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(26<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>03<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x427 yc20 w2dd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">9,7<span class=\"__2 _203\"></span>19<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x428 yc20 w2de h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x429 yc20 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc21 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x418 yc22 w2df h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">2,752<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42a yc22 w2e0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>57<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42b yc22 w2e1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>82<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42c yc22 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc23 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc24 w2e2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(23<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>651)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42d yc24 w2e3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>,14<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42e yc24 w2e4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">2<span class=\"__2 _203\"></span>2,<span class=\"__2 _203\"></span>505<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x42f yc24 w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc25 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc26 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc27 w2e5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">5<span class=\"__2 _203\"></span>48<span class=\"__2 _205\"></span>,736<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x430 yc27 w2e6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">30,<span class=\"__2 _203\"></span>91<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x431 yc27 w2e7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>6,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x432 yc27 w2e8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">6<span class=\"__2 _203\"></span>35<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>975<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc28 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x433 yc29 w2e9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws1a9_1\">(4<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x434 yc29 w2ea h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(2<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x435 yc29 w2eb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x436 yc29 w2ec h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc2a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc2b w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc2b w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x438 yc2b w222 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x439 yc2b w2ed h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc2c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc2d w2ee h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>8<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43a yc2d w13f_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(576)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43b yc2d w2ef h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43c yc2d w2f0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">(<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc2e ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc2f w2f1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">32<span class=\"__2 _205\"></span>,170<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43d yc2f w2f2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">1<span class=\"__2 _203\"></span>,767<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43e yc2f w2f3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">(32<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>297)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x43f yc2f w2f4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,6<span class=\"__2 _203\"></span>40<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc30 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc31 w2f5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">269,<span class=\"__2 _203\"></span>856<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x440 yc31 w285 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">26<span class=\"__2 _203\"></span>,602<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x441 yc31 w286 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">85,698<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x442 yc31 w2f6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">38<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>56<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc32 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc33 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc34 w2f7 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">17<span class=\"__2 _201\"></span>,737<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x443 yc34 w2f8 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">7,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x444 yc34 w2f9 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">7<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x445 yc34 w2fa h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>40<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc35 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc36 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc37 w2fb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x446 yc37 w2fc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>56<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x447 yc37 w2fd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,73<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x448 yc37 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc38 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc39 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x449 yc39 w2fe h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>28<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44a yc39 w2ff h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,6<span class=\"__2 _203\"></span>50<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44b yc39 w300 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">8<span class=\"__2 _205\"></span>,93<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc3a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 yc3b w301 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">73<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44c yc3b w302 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2,<span class=\"__2 _203\"></span>67<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44d yc3b w19d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">1,<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44e yc3b w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc3c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc3d w303 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x44f yc3d w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x450 yc3d w304 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,750<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x451 yc3d w305 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc3e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yc3f w306 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x453 yc3f w307 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x454 yc3f w308 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">6,1<span class=\"__2 _203\"></span>21<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x455 yc3f w309 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>59<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc40 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc41 w30a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>89)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x456 yc41 w83_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">277<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x457 yc41 w30b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,193<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x458 yc41 w30c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">16,<span class=\"__2 _200\"></span>780<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc42 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc43 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc44 w30d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">36,<span class=\"__2 _200\"></span>199<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x459 yc44 w30e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">10,109<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45a yc44 w30f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">28,<span class=\"__2 _203\"></span>999<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45b yc44 w310 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">75<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc45 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc46 w311 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">(31<span class=\"__2 _200\"></span>,44<span class=\"__2 _202\"></span>7)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45c yc46 w312 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">(9,<span class=\"__2 _200\"></span>111)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45d yc46 w313 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _202\"></span>49,8<span class=\"__2 _203\"></span>55)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45e yc46 w314 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _205\"></span>0,<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc47 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc48 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc48 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x438 yc48 w222 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x439 yc48 w2ed h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc49 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc4a w315 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>5<span class=\"__2 _205\"></span>9<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x45f yc4a w316 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x460 yc4a w317 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">48<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x461 yc4a w318 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc4b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc4c w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc4c w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x462 yc4c w319 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">649<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x463 yc4c w31a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc4d ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc4e w31b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(372)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x464 yc4e w31c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">(137<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x465 yc4e w31d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(3<span class=\"__2 _205\"></span>49)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x466 yc4e w31e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc4f ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc50 w31f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>32<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x467 yc50 w320 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">8<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x468 yc50 w321 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">(<span class=\"__2 _212\"> </span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x469 yc50 w322 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls63_2 ws19c_1\">(13,99<span class=\"__2 _200\"></span>7)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc51 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yc17 w2a6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">19,<span class=\"__2 _203\"></span>969<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3f3 yc17 w2a7 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">8<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>417<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46a yc17 w323 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">5<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46b yc17 w2a8 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>4,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46c ybaf w324 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6e_1 ws1a8_1\">7.<span class=\"__2 _205\"></span>4<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span>%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46d ybaf w325 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">3<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46e ybaf w326 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">65<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x46f ybaf w325 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">2<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr></table></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws91_2 gs291\">The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs292\">cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2023 f<span class=\"__2 _200\"></span>or the SweepBank busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span></div><div class=\"gs285\"><table class=\"s_1 w327 h80\" id=\"_99bcc23b-ebd6-4fa9-8673-c8bdb1ccec0c\"><tr><td></td><td class=\"t_2 m0_2 x470 ha_2 yc52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x370 ha_2 yc52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x36e ha_2 yc52 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 3 </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yc53 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x471 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x472 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x306 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x371 ha_2 yc54 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x473 ha_2 yc55 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x474 ha_2 yc55 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x374 ha_2 yc55 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc56 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yc57 w1d3 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x475 yc57 w328 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">111,<span class=\"__2 _203\"></span>4<span class=\"__2 _200\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x476 yc57 w329 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>83<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x477 yc57 w32a h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">19<span class=\"__2 _203\"></span>,9<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x478 yc57 w1f2 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">137<span class=\"__2 _202\"></span>,162<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc58 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc59 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c yc5a w32b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">(<span class=\"__2 _203\"></span>13,<span class=\"__2 _203\"></span>615<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x479 yc5a w32c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>55<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47a yc5a w32d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">9,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47b yc5a w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc5b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 yc5c w32e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">50<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47c yc5c w32f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>42)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47d yc5c w330 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>41<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47e yc5c w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc5d ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x330 yc5e w331 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5a_2 ws192_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x47f yc5e w332 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,013<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x480 yc5e w333 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x481 yc5e w161_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc5f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc60 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc61 w334 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">70,<span class=\"__2 _205\"></span>570<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x482 yc61 w335 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>632<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x483 yc61 w336 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5,<span class=\"__2 _205\"></span>28<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x484 yc61 w337 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">78<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc62 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x485 yc63 w338 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(5<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>,<span class=\"__2 _212\"></span>2<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x486 yc63 w128_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x487 yc63 w339 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">(<span class=\"__2 _212\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x488 yc63 w33a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>5<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc64 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc65 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48a yc65 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48b yc65 w33b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48c yc65 w33c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc66 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x48d yc67 w33d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48e yc67 w33e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48f yc67 w33f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x490 yc67 w340 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc68 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc69 w341 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>58<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x491 yc69 w342 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x492 yc69 w343 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>411<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x493 yc69 w344 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,65<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc6a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x330 yc6b w345 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">11<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>670<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x494 yc6b w346 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">6,<span class=\"__2 _203\"></span>821<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x495 yc6b w347 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">29,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x496 yc6b w348 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">149,8<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc6c ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc6d ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x32c yc6e w349 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">4,06<span class=\"__2 _200\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x497 yc6e w34a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>33<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x498 yc6e w34b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">9,<span class=\"__2 _203\"></span>598<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x499 yc6e w34c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,9<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc6f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc70 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yc71 w34d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(<span class=\"__2 _203\"></span>702)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49a yc71 w34e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">191<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49b yc71 w34f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">51<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49c yc71 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc72 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc73 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49d yc73 w350 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49e yc73 w351 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>503<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x49f yc73 w352 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc74 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4a0 yc75 w353 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a1 yc75 w354 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _203\"></span>25<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a2 yc75 w355 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">8<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a3 yc75 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc76 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 yc77 w356 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a4 yc77 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a5 yc77 w357 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">93<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a6 yc77 w358 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">872<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc78 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yc79 w359 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a7 yc79 w35a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a8 yc79 w35b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>18<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4a9 yc79 w35c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>46<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc7a ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc7b w35d h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>7<span class=\"__2 _212\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4aa yc7b w35e h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">614<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ab yc7b w35f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">9<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>74<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ac yc7b w360 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>0,1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc7c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:</td><td></td><td></td><td></td><td class=\"t_2 m0_2 x4ad hb_2 yc7d ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\"> <span class=\"__2 _215\"> </span>-   </td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc7e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yc7f w361 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>04<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ae yc7f w362 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4af yc7f w363 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">2<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b0 yc7f w364 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>53<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc80 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yc81 w44_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>47<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b1 yc81 w365 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>7<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b2 yc81 w366 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _205\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b3 yc81 w367 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc82 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc83 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48a yc83 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48b yc83 w33b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48c yc83 w33c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc84 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc85 w368 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">1,<span class=\"__2 _203\"></span>452<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b4 yc85 w369 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">43<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b5 yc85 w36a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b6 yc85 w36b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc86 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x489 yc87 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x48a yc87 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b7 yc87 w36c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(24<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4b8 yc87 w36d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(24<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc88 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yc89 w36e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ba yc89 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bb yc89 w36f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bc yc89 w36f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yc8a ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc8b w370 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6f_1 ws1aa_1\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>079<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bd yc8b w371 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">82<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4be yc8b w35f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">8,80<span class=\"__2 _200\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4bf yc8b w372 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">1<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>70<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yc8c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3b7 yc8d w373 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">5<span class=\"__2 _203\"></span>,141<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c0 yc8d w374 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">2<span class=\"__2 _205\"></span>,1<span class=\"__2 _203\"></span>61<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c1 yc8d w375 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>00<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c2 yc8d w376 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">2<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,702<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c3 ybaf w377 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">4.<span class=\"__2 _203\"></span>52%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c4 ybaf w2d9 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">31<span class=\"__2 _203\"></span>.69%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c5 ybaf w378 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">6<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>.75%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4c6 ybaf w379 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">17<span class=\"__2 _202\"></span>.1<span class=\"__2 _203\"></span>6%<span class=\"__2 _25f\"> </span></div></td></tr></table></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws91_2 gs294\">The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs295\">cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2022 f<span class=\"__2 _200\"></span>or the SweepBank busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span></div><div class=\"gs285\"><table class=\"s_1 w37a h81\" id=\"_456b5a79-fff2-4ac2-9009-5d9a9672a6c7\"><tr><td></td><td class=\"t_2 m0_2 x470 ha_2 yc8e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x370 ha_2 yc8e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x4c7 ha_2 yc8e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yc8f ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x471 ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x472 ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x4c8 ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 yc90 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x473 ha_2 yc91 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x474 ha_2 yc91 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x4c9 ha_2 yc91 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yc92 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e yc93 w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ca yc93 w37b h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls70_1 ws1ab_1\">80,666<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cb yc93 w37c h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">2<span class=\"__2 _203\"></span>,11<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cc yc93 w37d h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>49<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cd yc93 w37e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">95<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>270<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc94 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc95 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x33c yc96 w37f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>12,143)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ce yc96 w193 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">2,<span class=\"__2 _203\"></span>829<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4cf yc96 w380 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">9,3<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d0 yc96 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc97 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yc98 w381 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d1 yc98 w382 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>,7<span class=\"__2 _205\"></span>70)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d2 yc98 w383 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>521<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d3 yc98 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yc99 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yc9a w384 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6a_2 ws1a1_1\">(11,8<span class=\"__2 _200\"></span>95<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d4 yc9a w13f_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,05<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d5 yc9a w385 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">10<span class=\"__2 _203\"></span>,8<span class=\"__2 _203\"></span>36<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d6 yc9a w161_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yc9b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc9c ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yc9d w386 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>4,<span class=\"__2 _205\"></span>27<span class=\"__2 _202\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d7 yc9d w387 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d8 yc9d w388 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">6,804<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4d9 yc9d w389 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">94<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>65<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yc9e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x334 yc9f w38a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _205\"></span>0<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _212\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4da yc9f w2ad h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(383)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4db yc9f w38b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>8<span class=\"__2 _205\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dc yc9f w38c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls70_1 ws1ab_1\">(<span class=\"__2 _200\"></span>50,936)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yca0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yca1 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dd yca1 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4de yca1 w1ee h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4df yca1 w1ee h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yca2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yca3 w38d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e0 yca3 w38e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e1 yca3 w38f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>0)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e2 yca3 w390 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">(9<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yca4 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 yca5 w391 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">3<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>74<span class=\"__2 _205\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e3 yca5 w392 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,72<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e4 yca5 w393 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">7,<span class=\"__2 _212\"></span>4<span class=\"__2 _205\"></span>2<span class=\"__2 _212\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e5 yca5 w394 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">41,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>93<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yca6 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 yca7 w395 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">111,<span class=\"__2 _203\"></span>4<span class=\"__2 _200\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e6 yca7 w396 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>83<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e7 yca7 w32a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>912<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e8 yca7 w1f2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">137<span class=\"__2 _202\"></span>,162<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yca8 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yca9 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c ycaa w397 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">3<span class=\"__2 _203\"></span>,103<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4e9 ycaa w398 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">436<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ea ycaa w399 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">6,<span class=\"__2 _203\"></span>334<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4eb ycaa w39a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>872<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycab ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycac ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yb93 w39b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">(5<span class=\"__2 _203\"></span>62)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ec yb93 w39c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>08<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ed yb93 w39d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>54<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ee yb93 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycad ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yb95 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ef yb95 w39e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">58<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f0 yb95 w39f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>817<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f1 yb95 w3a0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>402<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycae ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x402 yb97 w3a1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">51<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f2 yb97 w316 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>6<span class=\"__2 _205\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f3 yb97 w3a2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>13<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f4 yb97 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycaf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34b yb99 w3a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(36)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f5 yb99 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f6 yb99 w6c_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">4<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f7 yb99 w3a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">460<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4f8 yb9b w3a5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">176<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4f9 yb9b w307 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fa yb9b w3a6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">85<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fb yb9b w3a7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _203\"></span>04<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycb1 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yb9d w3a8 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls58_2 ws190_1\">(37<span class=\"__2 _203\"></span>1)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fc yb9d w20_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">33<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fd yb9d w3a9 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>939<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4fe yb9d w3aa h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>903<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycb2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb3 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yba0 w3ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4ff yba0 w3ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x500 yba0 w3ad h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>57<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x501 yba0 w3ae h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>26<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yba2 w3af h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x502 yba2 w3b0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(242)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x503 yba2 w3b1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x504 yba2 w3b2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb5 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yba4 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dd yba4 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4de yba4 w1ee h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4df yba4 w1ee h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 yba6 w3b3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>5)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x505 yba6 w3b4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x506 yba6 w3a1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">51<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x507 yba6 w3b5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb7 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x4dd yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x508 yba8 w3b6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(1<span class=\"__2 _203\"></span>85)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x509 yba8 w3b7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>185)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycb8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x343 ybaa w3b8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(27<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50a ybaa w3b9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50b ybaa w3ba h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>120<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50c ybaa wf6_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">(<span class=\"__2 _203\"></span>156)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ycb9 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 ybac w3bb h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">959<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50d ybac w3bc h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50e ybac w3bd h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>65<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x50f ybac w3be h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">5<span class=\"__2 _203\"></span>,12<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ycba ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x32c ybae w349 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">4,06<span class=\"__2 _200\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x497 ybae w34a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>33<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x510 ybae w3bf h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">9,<span class=\"__2 _203\"></span>59<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x511 ybae w3c0 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>997<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x512 ybaf w3c1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">3<span class=\"__2 _203\"></span>.65%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x513 ybaf w3c2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls68_2 ws3a_2\">22<span class=\"__2 _203\"></span>.89%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x514 ybaf w3c3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">4<span class=\"__2 _203\"></span>8.<span class=\"__2 _203\"></span>20%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x515 ybaf w3c4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">1<span class=\"__2 _203\"></span>0.<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr></table></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws91_2 gs297\">The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs298\">cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2023 f<span class=\"__2 _200\"></span>or the Capital Box busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span></div><div class=\"gs285\"><table class=\"s_1 w3c5 h82\" id=\"_a0da36c1-bde7-4402-ae00-eef4f9a078b8\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 ycbb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x3cd ha_2 ycbb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x306 ha_2 ycbb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 ycbc ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x305 ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x309 ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 ycbd ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 ycbe ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3cf ha_2 ycbe ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30d ha_2 ycbe ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ycbf ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e ycc0 w1d3 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x516 ycc0 w3c6 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">82<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>970<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x517 ycc0 w3c7 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">3<span class=\"__2 _203\"></span>,177<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x518 ycc0 w3c8 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">14,<span class=\"__2 _205\"></span>329<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x519 ycc0 w3c9 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">1<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>476<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycc1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycc2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ycc3 w3ca h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(<span class=\"__2 _200\"></span>8,89<span class=\"__2 _202\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51a ycc3 w3cb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2,<span class=\"__2 _203\"></span>662<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51b ycc3 w390 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _205\"></span>232<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51c ycc3 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycc4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3a3 ycc5 w3cc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">242<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51d ycc5 w3cd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">(1,986)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51e ycc5 w2b1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">1,<span class=\"__2 _200\"></span>7<span class=\"__2 _201\"></span>44<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x51f ycc5 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycc6 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycc7 w3ce h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">(8<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>51)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x520 ycc7 w3cf h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">675<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x521 ycc7 w3d0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">7,<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>7<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x522 ycc7 w160_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycc8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycc9 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycca w3d1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">1<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>07<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x523 ycca w3d2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x524 ycca w3d3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">4<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x525 ycca w3d4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>19,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yccb ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f yccc w3d5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(89,140<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x526 yccc w3d6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x527 yccc w3d7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>6)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x528 yccc w3d8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(9<span class=\"__2 _205\"></span>9<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yccd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 ycce w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 ycce w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x529 ycce w254 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52a ycce w3d9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yccf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x402 ycd0 w3da h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">45<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52b ycd0 w36e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52c ycd0 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52d ycd0 w21c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">46<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ycd1 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3f2 ycd2 w3db h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">15,<span class=\"__2 _203\"></span>333<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52e ycd2 w3dc h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>61<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52f ycd2 w3dd h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>69<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x530 ycd2 w3de h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">18<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>63<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 ycd3 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ycd4 w3df h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">9<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>303<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x531 ycd4 w3e0 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">4<span class=\"__2 _203\"></span>,137<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x532 ycd4 w3e1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>29<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x533 ycd4 w3e2 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">11<span class=\"__2 _203\"></span>8,739<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 ycd5 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 ycd6 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2023<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ycd7 w3e3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,<span class=\"__2 _205\"></span>305<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x534 ycd7 w3e4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>27<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x535 ycd7 w3e5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>70<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x536 ycd7 w3e6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycd8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycd9 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yb93 w3e7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">(5<span class=\"__2 _203\"></span>32)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x537 yb93 w3e8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>54<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x538 yb93 w18a_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">379<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x539 yb93 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycda ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yc01 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53a yc01 w3e9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>89<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53b yc01 w3a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">2,<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53c yc01 w3ea h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>392<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycdb ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x53d yb97 w3eb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53e yb97 w365 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(<span class=\"__2 _203\"></span>76<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x53f yb97 w3ec h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">67<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x540 yb97 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycdc ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 yb99 w3ed h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x541 yb99 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x542 yb99 w3ee h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">278<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x543 yb99 w3ef h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">20<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycdd ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x53d yc07 w3f0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x544 yc07 w3f1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x545 yc07 w3f2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>64<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x546 yc07 w3f3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">9<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycde ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc09 w3f4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\">(3<span class=\"__2 _203\"></span>79)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x547 yc09 w3f5 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(2<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x548 yc09 w3f6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>99<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x549 yc09 w3f7 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>593<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycdf ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54a yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54b yce0 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce1 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 yba0 w3f8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">4,<span class=\"__2 _203\"></span>93<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54c yba0 w3f9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">724<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54d yba0 wcd_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54e yba0 w3fa h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yba2 w3fb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>1<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x54f yba2 w3fc h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls55_2 ws18d_1\">(<span class=\"__2 _201\"></span>444<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x550 yba2 w3fd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">(<span class=\"__2 _201\"></span>4<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>282)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x551 yba2 w3fe h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">(9<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>07<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce3 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yc0f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yc0f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x529 yc0f w254 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x52a yc0f w3d9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,854<span class=\"__2 _202\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce4 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x418 yba6 w3ff h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls40_2 ws179_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>5<span class=\"__2 _203\"></span>4)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x552 yba6 w400 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x553 yba6 w110_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>32<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x554 yba6 w2b3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">77<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce5 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3e5 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3e6 yba8 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x555 yba8 w401 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _212\"></span>1<span class=\"__2 _203\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x556 yba8 w34_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yce6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 ybaa w402 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x557 ybaa w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x558 ybaa w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x559 ybaa w36e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yce7 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yc15 w403 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(28<span class=\"__2 _203\"></span>2)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55a yc15 w20_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">25<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55b yc15 w404 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">89<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55c yc15 w405 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>68<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yce8 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ybae w406 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,023<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55d ybae w34a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>52<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55e ybae w407 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">9,<span class=\"__2 _203\"></span>599<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x55f ybae w408 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">14<span class=\"__2 _203\"></span>,148<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x560 ybaf w409 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">3.0<span class=\"__2 _203\"></span>8%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x561 ybaf w40a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">36<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>88%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x562 ybaf w40b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">5<span class=\"__2 _203\"></span>8.<span class=\"__2 _203\"></span>90%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x563 ybaf w40c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">11<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>92%<span class=\"__2 _25f\"> </span></div></td></tr></table></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws91_2 gs29a\">The table belo<span class=\"__2 _200\"></span>w summarises the mo<span class=\"__2 _200\"></span>vements and the balanc<span class=\"__2 _200\"></span>es of loss allo<span class=\"__2 _200\"></span>wances f<span class=\"__2 _200\"></span>or loans to </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs29b\">cust<span class=\"__2 _200\"></span>omers for the y<span class=\"__2 _200\"></span>ears ended and as at 31 December 2022 f<span class=\"__2 _200\"></span>or the Capital Box busines<span class=\"__2 _200\"></span>s unit:<span class=\"__2 _25f\"> </span></div><div class=\"gs285\"><table class=\"s_1 w40d h83\" id=\"_e6a91265-6ca8-4f71-a3da-daa955364202\"><tr><td></td><td class=\"t_2 m0_2 x36c ha_2 yce9 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td><td class=\"t_2 m0_2 x3cd ha_2 yce9 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 2 </td><td class=\"t_2 m0_2 x306 ha_2 yce9 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">Stage 3 </td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 ycea ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36f ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td><td class=\"t_2 m0_2 x305 ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x309 ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lifetime </td><td class=\"t_2 m0_2 x30a ha_2 yceb ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td class=\"t_2 m0_2 x372 ha_2 ycec ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x3cf ha_2 ycec ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x30d ha_2 ycec ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yced ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">GROSS LOANS TO CUSTOMERS<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x30e ycee w22e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">As a<span class=\"__2 _203\"></span>t 1 Jan<span class=\"__2 _203\"></span>ua<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>y 2022<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x564 ycee w40e h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">68<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>269<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x565 ycee w40f h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>675<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x566 ycee w410 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">19<span class=\"__2 _203\"></span>,15<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x567 ycee w411 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">9<span class=\"__2 _203\"></span>0,09<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycef ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycf0 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x568 ycf1 w412 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(9,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x569 ycf1 w413 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>578<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56a ycf1 w414 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>1<span class=\"__2 _212\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56b ycf1 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycf2 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x402 ycf3 w2b4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">28<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56c ycf3 w415 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">(<span class=\"__2 _205\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>297<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56d ycf3 w416 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1,<span class=\"__2 _205\"></span>26<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56e ycf3 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 ycf4 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycf5 w417 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">(9,1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x56f ycf5 w418 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">281<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x570 ycf5 w3bf h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls71_1 ws1ac_1\">8,888<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x571 ycf5 w161_1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 ycf6 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ycf7 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 ycf7 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x572 ycf7 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycf8 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New loans originated during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x338 ycf9 w419 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">10<span class=\"__2 _203\"></span>4<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x573 ycf9 w41a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>56<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x574 ycf9 w41b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>11<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x575 ycf9 w41c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>2,<span class=\"__2 _203\"></span>49<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycfa ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans derecognised during the year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x34f ycfb w41d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">(79,<span class=\"__2 _203\"></span>021)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x576 ycfb w41e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>81<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x577 ycfb w41f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9,094)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x578 ycfb w420 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>00<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>396)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycfc ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a ycfd w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 ycfd w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x579 ycfd w421 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57a ycfd w421 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 ycfe ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad ycff w422 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5d_2 ws196_1\">(1,8<span class=\"__2 _200\"></span>27<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57b ycff w423 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _205\"></span>6<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57c ycff w424 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(3<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>8)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57d ycff w425 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">(<span class=\"__2 _200\"></span>2,<span class=\"__2 _203\"></span>291)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yd00 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in gross loans to customers<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x347 yd01 w426 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">14<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>701<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57e yd01 w427 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">502<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57f yd01 w428 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>3<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x580 yd01 w429 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">10<span class=\"__2 _200\"></span>,<span class=\"__2 _203\"></span>380<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yd02 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gross loans to customers as at 31 December 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3ad yd03 w42a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">82<span class=\"__2 _205\"></span>,<span class=\"__2 _203\"></span>970<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x581 yd03 w42b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6c_1 ws1a3_1\">3<span class=\"__2 _203\"></span>,177<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x582 yd03 w42c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">14,<span class=\"__2 _205\"></span>329<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x583 yd03 w42d h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">1<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>476<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x2c4 h1c_2 yd04 ff3_2 fs8_2 fc0_2 sc0_2 ls0_2 ws0_2\">LOSS ALLOWANCES<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yd05 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss allowances, as at 1 January 2022<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yb90 w42e h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,9<span class=\"__2 _203\"></span>05<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x584 yb90 w42f h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>00<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x585 yb90 w430 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">1<span class=\"__2 _203\"></span>3,1<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x586 yb90 w1d5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">15<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>833<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yd06 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers in between stages:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd07 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yb93 w431 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>39<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x587 yb93 w432 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x588 yb93 w433 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>39<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x589 yb93 w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd08 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 1<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc01 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58a yc01 w434 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58b yc01 w435 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>601<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58c yc01 w436 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">4,1<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd09 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4b9 yb97 w437 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58d yb97 w438 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(395)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58e yb97 w439 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>87<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x58f yb97 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0a ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to transfers out of Stage 2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4a0 yb99 w43a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls68_2 ws3a_2\">(7)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x590 yb99 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x591 yb99 w43b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">36<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x592 yb99 w43c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _203\"></span>53<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0b ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Increase (decrease) due to changes in DPD buckets<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x53d yc07 w34f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x593 yc07 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x594 yc07 w43d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x595 yc07 w43e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">97<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h1c_2 yd0c ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Total changes from transfers in between Stages<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x37c yc09 w43f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(28<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x596 yc09 w440 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">18<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x597 yc09 w441 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>49<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x598 yc09 w442 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">5<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>47<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h13_2 yd0d ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other changes in loss allowances:<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0e ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">New f<span class=\"__2 _203\"></span>ina<span class=\"__2 _203\"></span>nci<span class=\"__2 _203\"></span>al as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s orig<span class=\"__2 _203\"></span>inate<span class=\"__2 _203\"></span>d dur<span class=\"__2 _203\"></span>ing th<span class=\"__2 _203\"></span>e year<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3bd yba0 w443 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x599 yba0 wd5_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">8<span class=\"__2 _203\"></span>85<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59a yba0 w444 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59b yba0 w1b0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>876<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd0f ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Fin<span class=\"__2 _203\"></span>anc<span class=\"__2 _203\"></span>ial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s de<span class=\"__2 _203\"></span>reco<span class=\"__2 _203\"></span>gni<span class=\"__2 _203\"></span>sed d<span class=\"__2 _203\"></span>urin<span class=\"__2 _203\"></span>g the yea<span class=\"__2 _203\"></span>r<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x330 yba2 w445 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">(<span class=\"__2 _202\"></span>6,088<span class=\"__2 _200\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59c yba2 w446 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls61_2 ws19a_1\">(572)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59d yba2 w447 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">(<span class=\"__2 _203\"></span>12<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>917<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59e yba2 w448 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">(<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>57<span class=\"__2 _203\"></span>7)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd10 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Write-offs<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yc0f w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yc0f w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x579 yc0f w421 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x57a yc0f w421 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">57<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd11 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Remeasurements from changes in model<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x4a0 yba6 w449 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">33<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x59f yba6 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a0 yba6 w44a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">142<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a1 yba6 w44b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">47<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd12 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Unwind of discount<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x38a yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x437 yba8 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a2 yba8 w44c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a3 yba8 w44d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x314 h13_2 yd13 ff2_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Changes in forex and other movements<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x452 ybaa w44e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls43_2 ws17c_1\">(6<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a4 ybaa w44f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3f_2 ws38_2\">(2<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a5 ybaa w450 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">(2<span class=\"__2 _203\"></span>70)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a6 ybaa w451 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls8_2 ws35_2\">(<span class=\"__2 _203\"></span>35<span class=\"__2 _203\"></span>9)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x313 h1c_2 yd14 ff3_2 fs8_2 fc1_2 sc0_2 ls0_2 ws0_2\">Net changes in loss allowances<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3b7 yc15 w452 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,4<span class=\"__2 _203\"></span>01<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a7 yc15 w453 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls18_2 ws9f_2\">47<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a8 yc15 w454 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls66_2 ws19e_1\">(4<span class=\"__2 _212\"></span>,<span class=\"__2 _205\"></span>4<span class=\"__2 _205\"></span>2<span class=\"__2 _205\"></span>4<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5a9 yc15 w455 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">(2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>55<span class=\"__2 _203\"></span>3)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 ha_2 yd15 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Los<span class=\"__2 _203\"></span>s allowa<span class=\"__2 _203\"></span>nces a<span class=\"__2 _203\"></span>s at 3<span class=\"__2 _203\"></span>1 Dece<span class=\"__2 _203\"></span>mb<span class=\"__2 _203\"></span>er 202<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></td><td class=\"c_1 n_1 x3c1 ybae w3e3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3,<span class=\"__2 _205\"></span>305<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x534 ybae w3e4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>27<span class=\"__2 _203\"></span>1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x535 ybae w3e5 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>70<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x536 ybae w3e6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 ybaf w228 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Im<span class=\"__2 _203\"></span>pai<span class=\"__2 _203\"></span>red lo<span class=\"__2 _203\"></span>an coverag<span class=\"__2 _203\"></span>e ratio (<span class=\"__2 _203\"></span>\"I<span class=\"__2 _203\"></span>CLR<span class=\"__2 _203\"></span>\"<span class=\"__2 _203\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x3c9 ybaf w212 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">3<span class=\"__2 _203\"></span>.98%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5aa ybaf w456 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">40<span class=\"__2 _203\"></span>.01%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ab ybaf w457 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5f_2 ws198_1\">6<span class=\"__2 _205\"></span>0<span class=\"__2 _203\"></span>.<span class=\"__2 _205\"></span>74<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ac ybaf w458 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">13<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>2%<span class=\"__2 _25f\"> </span></div></td></tr></table></div><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs29d\">4.2.8 Modification of financial assets<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1ad_1 gs29e\">As e<span class=\"__2 _200\"></span>xplained in Note 2.5.<span class=\"__2 _202\"></span>14.3, the Group sometimes modifies the pa<span class=\"__2 _200\"></span>yment terms of cust<span class=\"__2 _200\"></span>omer </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14_2 gs29f\">loans. These modifications can tak<span class=\"__2 _200\"></span>e differ<span class=\"__2 _200\"></span>ent forms and can happen at differ<span class=\"__2 _200\"></span>ent stages during the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws115_2 gs2a0\">maturity period of the loan. The modifications included in this section also enc<span class=\"__2 _200\"></span>ompass change </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws20_2 gs2a1\">in estimat<span class=\"__2 _200\"></span>es of inter<span class=\"__2 _200\"></span>est income due t<span class=\"__2 _200\"></span>o amendments to contr<span class=\"__2 _200\"></span>actual cash flo<span class=\"__2 _200\"></span>w included in original </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws23_2 gs2a2\">terms and c<span class=\"__2 _200\"></span>onditions. During 2022, the Group upda<span class=\"__2 _200\"></span>ted its policies to r<span class=\"__2 _200\"></span>eflect whether material </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd0_2 gs2a3\">modifications gr<span class=\"__2 _200\"></span>anted b<span class=\"__2 _200\"></span>y the Bank constitut<span class=\"__2 _200\"></span>e forbearanc<span class=\"__2 _200\"></span>e as defined by EU R<span class=\"__2 _200\"></span>egulation 5<span class=\"__2 _200\"></span>75<span class=\"__2 _200\"></span>/2013 </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2a4\">(\u2018CRR2\u2019) and are not c<span class=\"__2 _200\"></span>onsidered t<span class=\"__2 _200\"></span>o be change in estimates.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws21_2 gs2a5\">The follo<span class=\"__2 _202\"></span>wing are the most widely used pa<span class=\"__2 _200\"></span>yment term modification clauses incorpor<span class=\"__2 _202\"></span>ated in terms </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2a6\">and conditions b<span class=\"__2 _200\"></span>y the Group:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff4_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2a7\">I.Rescheduling<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1ae_1 gs2a8\">Rescheduling is applied in short-t<span class=\"__2 _200\"></span>erm credit pr<span class=\"__2 _200\"></span>oducts where the cus<span class=\"__2 _200\"></span>tomer reques<span class=\"__2 _200\"></span>ts an ext<span class=\"__2 _200\"></span>ension </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws30_2 gs2a9\">of the maturity period of up to one month in c<span class=\"__2 _200\"></span>onsideration of a f<span class=\"__2 _200\"></span>ee pay<span class=\"__2 _200\"></span>able to Multitude when the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws11f_2 gs12e\">rescheduling is ac<span class=\"__2 _200\"></span>cept<span class=\"__2 _200\"></span>ed. The e<span class=\"__2 _200\"></span>xtension period v<span class=\"__2 _200\"></span>aries in different mark<span class=\"__2 _202\"></span>ets but is pre-established </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws62_2 gs12f\">b<span class=\"__2 _200\"></span>y the Group as part of the pr<span class=\"__2 _200\"></span>oduct featur<span class=\"__2 _200\"></span>e. The upfr<span class=\"__2 _200\"></span>ont payment of a r<span class=\"__2 _200\"></span>escheduling fee is a </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws99_2 gs130\">pre-c<span class=\"__2 _200\"></span>ondition for acc<span class=\"__2 _200\"></span>epting the modification and e<span class=\"__2 _200\"></span>xtending the loan term. T<span class=\"__2 _200\"></span>he rescheduling is </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws5a_2 gs131\">not tied to the lack of r<span class=\"__2 _200\"></span>epayment capabilities of the cus<span class=\"__2 _200\"></span>tomer and indeed, this upfr<span class=\"__2 _200\"></span>ont payment </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa5_2 gs2aa\">requir<span class=\"__2 _200\"></span>ement, together with the short-t<span class=\"__2 _200\"></span>erm of the e<span class=\"__2 _200\"></span>xtension period, is consider<span class=\"__2 _200\"></span>ed inconsis<span class=\"__2 _200\"></span>tent with </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs132\">the profile of a c<span class=\"__2 _200\"></span>ustomer who is e<span class=\"__2 _200\"></span>xperiencing financial difficulties.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff4_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs134\">II. Pa<span class=\"__2 _200\"></span>yment Holida<span class=\"__2 _200\"></span>ys<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws14_2 gs2ab\">Pa<span class=\"__2 _200\"></span>yment holiday<span class=\"__2 _200\"></span>s are a standar<span class=\"__2 _200\"></span>d featur<span class=\"__2 _200\"></span>e of the credit line f<span class=\"__2 _200\"></span>acility which allow<span class=\"__2 _200\"></span>s cust<span class=\"__2 _200\"></span>omers who are </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf3_2 gs135\">repa<span class=\"__2 _200\"></span>ying on time to r<span class=\"__2 _200\"></span>equest the Gr<span class=\"__2 _200\"></span>oup to r<span class=\"__2 _200\"></span>educe the monthly minimum payment t<span class=\"__2 _200\"></span>o zer<span class=\"__2 _200\"></span>o on not </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws95_2 gs136\">more than tw<span class=\"__2 _202\"></span>o occasions in any tw<span class=\"__2 _200\"></span>elve-month period. <span class=\"__2 _200\"></span>The cust<span class=\"__2 _200\"></span>omer<span class=\"__2 _203\"></span>\u2019s r<span class=\"__2 _200\"></span>equest will not be acc<span class=\"__2 _200\"></span>epted </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs137\">unless the cust<span class=\"__2 _200\"></span>omer has been paying on time<span class=\"__2 _200\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws102_2 gs2ac\">Additionally<span class=\"__2 _201\"></span>, Multitude inc<span class=\"__2 _200\"></span>orporat<span class=\"__2 _200\"></span>es the follo<span class=\"__2 _200\"></span>wing modification options for its cust<span class=\"__2 _200\"></span>omers into the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2ad\">terms and c<span class=\"__2 _200\"></span>onditions of its long-term cr<span class=\"__2 _200\"></span>edit products:<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff4_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs13a\">III. Due date change<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb9_2 gs2ae\">Gener<span class=\"__2 _200\"></span>ally<span class=\"__2 _202\"></span>, the repa<span class=\"__2 _200\"></span>yment date is as<span class=\"__2 _200\"></span>signed by the Gr<span class=\"__2 _200\"></span>oup thirty day<span class=\"__2 _200\"></span>s after the loan agr<span class=\"__2 _200\"></span>eement date </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws9c_2 gs2af\">and rec<span class=\"__2 _200\"></span>urs monthly after that. This pr<span class=\"__2 _200\"></span>oduct featur<span class=\"__2 _200\"></span>e allow<span class=\"__2 _200\"></span>s cust<span class=\"__2 _200\"></span>omers to change the monthly pay<span class=\"__2 _200\"></span><span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf1_2 gs2b0\">ment due date t<span class=\"__2 _200\"></span>o one that is more c<span class=\"__2 _200\"></span>onv<span class=\"__2 _202\"></span>enient for them. The new pa<span class=\"__2 _200\"></span>yment due date will apply </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb7_2 gs2b1\">throughout the ma<span class=\"__2 _200\"></span>turity period of the loan, unless subsequently modified. This modification is not </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb9_2 gs13d\">gr<span class=\"__2 _200\"></span>anted due to the cus<span class=\"__2 _200\"></span>tomers e<span class=\"__2 _200\"></span>xperiencing financial difficulties; they simply c<span class=\"__2 _200\"></span>ontinue to pa<span class=\"__2 _200\"></span>y their </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2b2\">monthly instalments on a differ<span class=\"__2 _200\"></span>ent day of the month.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h5_2 ff4_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs2b3\">IV<span class=\"__2 _210\"></span>. Modification to the pa<span class=\"__2 _202\"></span>yment schedule<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws93_2 gsd4\">During the loan term, the cus<span class=\"__2 _200\"></span>tomer ma<span class=\"__2 _200\"></span>y choose to modify the standar<span class=\"__2 _200\"></span>d maturity date and pa<span class=\"__2 _200\"></span>yment </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws159_2 gsd5\">schedules included in the loan agreement b<span class=\"__2 _202\"></span>y increasing the number of monthly instalments, thus </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws13c_2 gs2b4\">e<span class=\"__2 _200\"></span>xtending the loan's maturity period. This <span class=\"__2 _200\"></span>gives cus<span class=\"__2 _200\"></span>tomers mor<span class=\"__2 _200\"></span>e flexibility thr<span class=\"__2 _200\"></span>ough tailor-made </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws1_2 gs142\">payment schedules. T<span class=\"__2 _200\"></span>he Group asses<span class=\"__2 _200\"></span>ses whether the customer is e<span class=\"__2 _202\"></span>xperiencing financial difficulties </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb2_2 gs2b5\">befor<span class=\"__2 _200\"></span>e granting this modification. T<span class=\"__2 _200\"></span>his modification does not constitut<span class=\"__2 _200\"></span>e forbear<span class=\"__2 _200\"></span>ance if the cust<span class=\"__2 _200\"></span>om<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gsd8\">er is not e<span class=\"__2 _200\"></span>xperiencing financial difficulties.<span class=\"__2 _25f\"> </span></div>V<span class=\"__2 _210\"></span>. Pa<span class=\"__2 _200\"></span>yment-free month<span class=\"__2 _25f\"> </span>Long-term cr<span class=\"__2 _200\"></span>edit products allo<span class=\"__2 _202\"></span>w the customer t<span class=\"__2 _200\"></span>o apply for a payment-fr<span class=\"__2 _200\"></span>ee month under terms and conditions pr<span class=\"__2 _200\"></span>escribed by the Gr<span class=\"__2 _200\"></span>oup. T<span class=\"__2 _200\"></span>he policy under which a payment-fr<span class=\"__2 _200\"></span>ee month may be gr<span class=\"__2 _200\"></span>anted includes the conditions that the loan mus<span class=\"__2 _200\"></span>t hav<span class=\"__2 _200\"></span>e been open for se<span class=\"__2 _200\"></span>ver<span class=\"__2 _202\"></span>al months as specified in the policy and that the cus<span class=\"__2 _200\"></span>tomer must ha<span class=\"__2 _200\"></span>ve been making timely r<span class=\"__2 _202\"></span>epayments. This modification is not gr<span class=\"__2 _200\"></span>anted to cus<span class=\"__2 _200\"></span>tomers who ar<span class=\"__2 _200\"></span>e experiencing financial difficulties, but is meant t<span class=\"__2 _200\"></span>o make the products bett<span class=\"__2 _200\"></span>er adapted t<span class=\"__2 _200\"></span>o the customers\u2019 needs.<span class=\"__2 _25f\"> </span>Apart from cash flo<span class=\"__2 _202\"></span>w modifications which are carried out in acc<span class=\"__2 _200\"></span>ordanc<span class=\"__2 _200\"></span>e with the terms and con<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ditions of the loan agreements, the Gr<span class=\"__2 _200\"></span>oup also gr<span class=\"__2 _200\"></span>ants other modifications as part of its collection policies. The most widely used modifica<span class=\"__2 _200\"></span>tion option as part of the Group\u2019<span class=\"__2 _200\"></span>s collection policies is the payment plan wher<span class=\"__2 _200\"></span>e the cust<span class=\"__2 _200\"></span>omer is grant<span class=\"__2 _200\"></span>ed a longer schedule in which to pa<span class=\"__2 _200\"></span>y the amounts due. Multitude may also gr<span class=\"__2 _202\"></span>ant a grace period f<span class=\"__2 _200\"></span>or the payment of the principal amount due for a short period of time. An asses<span class=\"__2 _200\"></span>sment is conducted b<span class=\"__2 _202\"></span>y the Group to e<span class=\"__2 _200\"></span>valua<span class=\"__2 _200\"></span>te whether the cust<span class=\"__2 _200\"></span>omer is e<span class=\"__2 _200\"></span>xperiencing financial difficulties befor<span class=\"__2 _200\"></span>e granting these modifications. If the cus<span class=\"__2 _200\"></span>tomer is e<span class=\"__2 _200\"></span>xperi<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>encing financial difficulties, then these e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _200\"></span>e marked as f<span class=\"__2 _200\"></span>orborne.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w show<span class=\"__2 _200\"></span>s the gros<span class=\"__2 _200\"></span>s outstanding loans to cus<span class=\"__2 _200\"></span>tomers balances, los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance, and basis for ECL r<span class=\"__2 _200\"></span>ecognition and measur<span class=\"__2 _200\"></span>ement for the y<span class=\"__2 _200\"></span>ears 2023 and 2022 for modified loan c<span class=\"__2 _200\"></span>on<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tr<span class=\"__2 _200\"></span>acts (as a forbearanc<span class=\"__2 _200\"></span>e and also as a change in estimated e<span class=\"__2 _202\"></span>xpected cash flo<span class=\"__2 _200\"></span>ws included in terms and conditions<span class=\"__2 _200\"></span>):<span class=\"__2 _25f\"> </span><table class=\"s_1 w459 h84\" id=\"_438ada0b-9171-40c4-9a4d-1d89c46990ba\"><tr><td></td><td class=\"c_1 n_1 x181_1 yd16 w45a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2023<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x5ad yd16 w45b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2022<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 ha_2 yd17 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Basis for ECL<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5ae ha_2 yd18 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td><td class=\"t_2 m0_2 x5af ha_2 yd19 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5b0 ha_2 yd1a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5b1 ha_2 yd1b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5b2 ha_2 yd1c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5b3 ha_2 yd1d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd1e w45c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b4 yd1e w45d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">101<span class=\"__2 _203\"></span>,01<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b5 yd1e w45e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">6,319<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b6 yd1e w45f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">8<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>3<span class=\"__2 _205\"></span>9<span class=\"__2 _212\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b7 yd1e w460 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>43<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd1f w461 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b8 yd1f w462 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">10<span class=\"__2 _203\"></span>,625<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5b9 yd1f w463 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">3,<span class=\"__2 _203\"></span>344<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ba yd1f w464 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _205\"></span>0<span class=\"__2 _212\"></span>9<span class=\"__2 _212\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bb yd1f w465 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">2,16<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb70 w37f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bc yb70 w466 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">6,231<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bd yb70 w467 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">2,828<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5be yb70 w468 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">6,<span class=\"__2 _203\"></span>959<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5bf yb70 w469 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>97<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 wd2_1 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c0 yae1 w46a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c1 yae1 w46b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">12<span class=\"__2 _203\"></span>,492<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c2 yae1 w46c h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">101,<span class=\"__2 _200\"></span>444<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c3 yae1 w259 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">1<span class=\"__2 _203\"></span>0,70<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td></tr></table>The Gr<span class=\"__2 _200\"></span>oup\u2019s modified gr<span class=\"__2 _200\"></span>oss outstanding loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers are analy<span class=\"__2 _200\"></span>sed by geogr<span class=\"__2 _200\"></span>aphical location for the y<span class=\"__2 _200\"></span>ears 2023 and 2022 as f<span class=\"__2 _200\"></span>ollow<span class=\"__2 _200\"></span>s:<span class=\"__2 _25f\"> </span><table class=\"s_1 w46d h85\" id=\"_9a97aa19-e651-4a71-9233-ad144a1192b3\"><tr><td class=\"c_1 n_1 x140_1 yd20 w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c4 yd20 w46e h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023 amount<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c5 yd20 w46f h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023 %<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c6 yd20 w470 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022 amount<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c7 yd20 w471 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022 %<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd21 w472 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c8 yd21 w473 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">22,<span class=\"__2 _203\"></span>814<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5c9 yd21 w474 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls9_2 ws3e_2\">1<span class=\"__2 _203\"></span>9.<span class=\"__2 _203\"></span>4%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ca yd21 w475 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>529<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cb yd21 w476 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">19.<span class=\"__2 _203\"></span>3%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd22 w477 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Northern Eur<span class=\"__2 _200\"></span>ope<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cc yd22 w478 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">6<span class=\"__2 _203\"></span>9,178<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cd yd22 w479 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">5<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>.7%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ce yd22 w47a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">5<span class=\"__2 _203\"></span>3,<span class=\"__2 _203\"></span>43<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5cf yd22 w47b h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">52<span class=\"__2 _203\"></span>.7%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd23 w47c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">W<span class=\"__2 _200\"></span>estern<span class=\"__2 _200\"></span> Eur<span class=\"__2 _200\"></span>ope<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d0 yd23 w47d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">3<span class=\"__2 _203\"></span>,72<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d1 yd23 w47e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">3.<span class=\"__2 _203\"></span>2%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d2 yd23 w47f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">3,800<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d3 yd23 w480 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">3<span class=\"__2 _203\"></span>.7%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd24 w481 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Eastern<span class=\"__2 _200\"></span> Eur<span class=\"__2 _200\"></span>ope<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d4 yd24 w482 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">22,156<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d5 yd24 w483 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls70_1 ws1ab_1\">18<span class=\"__2 _203\"></span>.8%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d6 yd24 w484 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>,6<span class=\"__2 _203\"></span>79<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d7 yd24 w485 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w486 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls72_1 ws1af_1\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d8 yae1 w487 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls6e_1 ws1a8_1\">1<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>7,<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>7<span class=\"__2 _205\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5d9 yae1 w488 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">1<span class=\"__2 _203\"></span>00.0%<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5da yae1 w489 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">1<span class=\"__2 _200\"></span>01,444<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5db yae1 w48a h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff1_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">100.0%<span class=\"__2 _25f\"> </span></div></td></tr></table>In cases where the Gr<span class=\"__2 _200\"></span>oup gr<span class=\"__2 _200\"></span>ants specific modifications (not included in the original terms and conditions<span class=\"__2 _200\"></span>) to cust<span class=\"__2 _200\"></span>omers whom the Group as<span class=\"__2 _200\"></span>sesses as e<span class=\"__2 _200\"></span>xperiencing financial difficulties, then these e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _200\"></span>e marked as f<span class=\"__2 _200\"></span>orborne in line with the Group\u2019<span class=\"__2 _200\"></span>s policies in relation t<span class=\"__2 _200\"></span>o forbear<span class=\"__2 _200\"></span>ance. As at 31 December 20<span class=\"__2 _200\"></span>23, total loans which w<span class=\"__2 _200\"></span>ere identified as forborne amount<span class=\"__2 _200\"></span>ed to EUR 2.4 million on which a total ECL of EUR 0<span class=\"__2 _200\"></span>.8 million was ac<span class=\"__2 _200\"></span>counted f<span class=\"__2 _200\"></span>or<span class=\"__2 _25f\"> </span><span class=\"__2 _201\"></span>.<span class=\"__2 _25f\"> </span><table class=\"s_1 w48b h86\" id=\"_42d4756e-2f54-4477-8254-16809ccf30e8\"><tr><td></td><td class=\"c_1 n_1 x184_1 yd25 w45a h87\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2023<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x5dc yd25 w45b h87\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">31 December 2022<span class=\"__2 _25f\"> </span></div></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 ha_2 yd26 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Basis for ECL<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x5dd ha_2 yd27 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td><td class=\"t_2 m0_2 x5de ha_2 yd28 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Gros<span class=\"__2 _200\"></span>s carrying </td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5df ha_2 yd29 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5e0 ha_2 yd2a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x5e1 ha_2 yd2b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x5e2 ha_2 yd2c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">amount<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd2d w45c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e3 yd2d w48c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">27<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e4 yd2d w48d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e5 yd2d w402 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e6 yd2d w33e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd2e w461 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e7 yd2e w48e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>837<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e8 yd2e w48f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">55<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5e9 yd2e w3b4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ea yd2e w402 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd2f w37f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5eb yd2f w490 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">58<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ec yd2f w491 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">269<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ed yd2f w492 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">47<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ee yd2f w493 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">35<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd30 wd2_1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls50_2 wsf5_2\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _205\"></span>l<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ef yd30 w494 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,45<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f0 yd30 w495 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">83<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f1 yd30 w496 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">53<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f2 yd30 w497 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">38<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w sho<span class=\"__2 _200\"></span>ws an incr<span class=\"__2 _200\"></span>ease in ECL due to modification of original t<span class=\"__2 _200\"></span>erms and conditions as per the f<span class=\"__2 _200\"></span>orbearanc<span class=\"__2 _200\"></span>e definition that are included in the impairment los<span class=\"__2 _200\"></span>s on loans to cus<span class=\"__2 _200\"></span>tomers in 2023.<span class=\"__2 _25f\"> </span><table class=\"s_1 w498 h88\" id=\"_4f33e460-1a73-4864-b85b-9371f9f95930\"><tr><td class=\"c_1 n_1 x140_1 yd31 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f3 yd31 w499 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Not Modified ECL<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f4 yd31 w49a h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Modified ECL<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f5 yd31 w49b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Change<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd32 w45c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 1<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f6 yd32 w49c h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">128<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f7 yd32 w48d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f8 yd32 w49d h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(<span class=\"__2 _203\"></span>125)<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd33 w461 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5f9 yd33 w49e h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">133<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fa yd33 w49f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">558<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fb yd33 w256 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">42<span class=\"__2 _203\"></span>5<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd34 w37f h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stag<span class=\"__2 _203\"></span>e 3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fc yd34 w4a0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">140<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fd yd34 w4a1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">269<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5fe yd34 w4a2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">129<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w4a3 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Grand T<span class=\"__2 _201\"></span>otal<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x5ff yae1 w4a4 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">401<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x600 yae1 w4a5 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">830<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x601 yae1 w4a6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">429<span class=\"__2 _25f\"> </span></div></td></tr></table>Change report<span class=\"__2 _200\"></span>ed in the table abo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>e includes mov<span class=\"__2 _202\"></span>ement between stages as a r<span class=\"__2 _202\"></span>esult of modification.<span class=\"__2 _25f\"> </span>4.2.9 Information on cr<span class=\"__2 _200\"></span>edit quality of other financial assets at amortised c<span class=\"__2 _200\"></span>ost<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s other financial as<span class=\"__2 _200\"></span>sets are mainly c<span class=\"__2 _200\"></span>omprised of loans to rela<span class=\"__2 _200\"></span>ted parties, r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ables from bank<span class=\"__2 _200\"></span>s, rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om sold portfolio, and other financial as<span class=\"__2 _200\"></span>sets as shown in Not<span class=\"__2 _200\"></span>e 15.<span class=\"__2 _25f\"> </span>Rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om banks include bank deposits set aside to fund the Gr<span class=\"__2 _200\"></span>oup\u2019<span class=\"__2 _200\"></span>s foreign curr<span class=\"__2 _200\"></span>ency forw<span class=\"__2 _200\"></span>ard c<span class=\"__2 _200\"></span>ontracts and do not meet the definition of cash and cash equiv<span class=\"__2 _200\"></span>alents. Credit risks as<span class=\"__2 _200\"></span>soci<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ated with these r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ables are similar t<span class=\"__2 _200\"></span>o those of cash and cash equivalents. T<span class=\"__2 _200\"></span>he Group\u2019<span class=\"__2 _200\"></span>s T<span class=\"__2 _201\"></span>reasury function manages them as part of its hedging activities (Note 15 and Not<span class=\"__2 _200\"></span>e 4.3).<span class=\"__2 _25f\"> </span>Rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om sold portfolio include mostly loans t<span class=\"__2 _200\"></span>o customers c<span class=\"__2 _200\"></span>onsidered t<span class=\"__2 _200\"></span>o be non-perform<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ing and credit impair<span class=\"__2 _200\"></span>ed. The Gr<span class=\"__2 _200\"></span>oup manages the credit risk as<span class=\"__2 _200\"></span>sociated with these loans b<span class=\"__2 _200\"></span>y selling rela<span class=\"__2 _200\"></span>ted portfolios, in part or as a whole, t<span class=\"__2 _200\"></span>o other financial institutions, on a non-r<span class=\"__2 _200\"></span>ecourse basis. The Group has defined v<span class=\"__2 _202\"></span>etting procedur<span class=\"__2 _200\"></span>es to ensur<span class=\"__2 _200\"></span>e the credit risk e<span class=\"__2 _202\"></span>xposure arising from an<span class=\"__2 _200\"></span>y amounts rec<span class=\"__2 _200\"></span>eivable fr<span class=\"__2 _200\"></span>om sold portfolio ar<span class=\"__2 _200\"></span>e minimised. Such portfolio sales ar<span class=\"__2 _200\"></span>e backed b<span class=\"__2 _200\"></span>y strict c<span class=\"__2 _200\"></span>ontractual terms and c<span class=\"__2 _200\"></span>onditions regar<span class=\"__2 _200\"></span>ding payment t<span class=\"__2 _200\"></span>erms and settlement of the amount due to the Gr<span class=\"__2 _200\"></span>oup.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup individually assesses cr<span class=\"__2 _200\"></span>edit risk e<span class=\"__2 _200\"></span>xposure arising fr<span class=\"__2 _200\"></span>om underlying financial assets at the end of each reporting period based on the applicable measur<span class=\"__2 _200\"></span>ement guidelines under IFRS 9.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for loans t<span class=\"__2 _200\"></span>o relat<span class=\"__2 _200\"></span>ed parties report<span class=\"__2 _200\"></span>ed in other financial assets for the y<span class=\"__2 _202\"></span>ears ended and as at 31 December 2023:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h89\" id=\"_310c13cf-dea8-4fdc-b428-df7a2f3eb97a\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd35 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd36 w1a1 h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yd36 w1ad h74\"><div class=\"t_2 m0_2 x13f_1 ha_2 yb10 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd37 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd38 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd39 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loan<span class=\"__2 _203\"></span>s to related pa<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>ties<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"c_1 n_1 x602 yd3a w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 yd3c w1a7 h8a\"><div class=\"t_2 m0_2 x13f_1 hb_2 yd3b ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x603 yd3c w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd3d w1a9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x603 yd3d w161_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd3e w1ab h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x604 yd3e w4a7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,09<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd3f ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x605 hb_2 yd3f ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,09<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd40 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x606 hb_2 yd40 ff2_2 fs7_2 fc1_2 sc0_2 ls5c_2 ws195_1\">(4<span class=\"__2 _212\"></span>8<span class=\"__2 _205\"></span>)<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x607 yae1 w4a8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,04<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for loans t<span class=\"__2 _200\"></span>o relat<span class=\"__2 _200\"></span>ed parties report<span class=\"__2 _200\"></span>ed in other financial assets for the y<span class=\"__2 _202\"></span>ears ended and as at 31 December 2022:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h8b\" id=\"_556c5ced-86ca-438a-a60c-5ef7b685ecd8\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd41 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd42 w1a6 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yd42 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd43 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd44 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd45 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loan<span class=\"__2 _203\"></span>s to related pa<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>ties </td><td></td><td></td><td class=\"c_1 n_1 x608 yd46 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 yd3c w1a7 h8c\"><div class=\"t_2 m0_2 x13f_1 hb_2 yd47 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x609 yd3c w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd3d w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60a yd3d w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yb58 w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60b yb58 w21a h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>379<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd48 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x2d1 hb_2 yd48 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>379<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd49 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x60c hb_2 yd49 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">(241)<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x60d yae1 w4a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">8<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr></table>IFRS 9 pro<span class=\"__2 _202\"></span>vides a practical e<span class=\"__2 _200\"></span>xpedient for r<span class=\"__2 _200\"></span>ecognising 12-month ECL for financial instruments with lo<span class=\"__2 _200\"></span>w credit risk at the r<span class=\"__2 _200\"></span>eporting date. W<span class=\"__2 _200\"></span>here applicable<span class=\"__2 _200\"></span>, the Group applies this pr<span class=\"__2 _200\"></span>actical expedi<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ent in determining los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances r<span class=\"__2 _200\"></span>egarding other financial assets measur<span class=\"__2 _200\"></span>ed at amortised cos<span class=\"__2 _200\"></span>t and included in the category of other financial as<span class=\"__2 _200\"></span>sets. This is to the e<span class=\"__2 _202\"></span>xtent that the underlying rec<span class=\"__2 _200\"></span>eivables fr<span class=\"__2 _200\"></span>om count<span class=\"__2 _200\"></span>erparties are \"in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estment grade\" based on the definition of e<span class=\"__2 _202\"></span>xternal ra<span class=\"__2 _200\"></span>ting agencies \u2013 betw<span class=\"__2 _200\"></span>een AAA t<span class=\"__2 _200\"></span>o BBB- (Standar<span class=\"__2 _200\"></span>d &amp; Poor<span class=\"__2 _203\"></span>\u2019s, Fit<span class=\"__2 _200\"></span>ch) or Aaa-Baa3 (Moody\u2019s<span class=\"__2 _200\"></span>). A<span class=\"__2 _200\"></span>t each reporting dat<span class=\"__2 _200\"></span>e, the Group as<span class=\"__2 _200\"></span>sesses whether any changes in cir<span class=\"__2 _200\"></span>cumstanc<span class=\"__2 _200\"></span>es would r<span class=\"__2 _200\"></span>esult into a significant incr<span class=\"__2 _200\"></span>ease in credit risk sinc<span class=\"__2 _200\"></span>e initial rec<span class=\"__2 _200\"></span>ognition in relation t<span class=\"__2 _200\"></span>o its other financial assets at amortised c<span class=\"__2 _200\"></span>ost. And it determines whether los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ances should be r<span class=\"__2 _200\"></span>ecognised using lifetime ECL.<span class=\"__2 _25f\"> </span>4.2.<span class=\"__2 _202\"></span>10 information on credit quality of debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments<span class=\"__2 _25f\"> </span>The debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments reflect the Gr<span class=\"__2 _200\"></span>oup's acquisition of secur<span class=\"__2 _200\"></span>ed bonds. Such bonds are principal<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ly secur<span class=\"__2 _200\"></span>ed by loan portfolios tha<span class=\"__2 _200\"></span>t are pledged in fa<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>our of the Group<span class=\"__2 _200\"></span>, taking into consider<span class=\"__2 _200\"></span>ation pre-es<span class=\"__2 _200\"></span>tablished collat<span class=\"__2 _200\"></span>eralised r<span class=\"__2 _200\"></span>atios in rela<span class=\"__2 _200\"></span>tion to the amount inv<span class=\"__2 _202\"></span>ested and also encompas<span class=\"__2 _200\"></span>s pre-es<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>tablished r<span class=\"__2 _200\"></span>atios of exposur<span class=\"__2 _200\"></span>es b<span class=\"__2 _200\"></span>y ageing of the underlying pledged portfolio. Mor<span class=\"__2 _200\"></span>eo<span class=\"__2 _200\"></span>ver<span class=\"__2 _201\"></span>, the Gr<span class=\"__2 _200\"></span>oup also has additional collat<span class=\"__2 _200\"></span>eral in the f<span class=\"__2 _200\"></span>orm of cash deposited in its acc<span class=\"__2 _200\"></span>ounts or pledged financial instruments in f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our of the Group in r<span class=\"__2 _200\"></span>espect of this inv<span class=\"__2 _202\"></span>estment.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup conducts periodical asses<span class=\"__2 _200\"></span>sments in relation t<span class=\"__2 _200\"></span>o the respectiv<span class=\"__2 _200\"></span>e portfolio<span class=\"__2 _200\"></span>, in order t<span class=\"__2 _200\"></span>o assess whether the Gr<span class=\"__2 _200\"></span>oup should pro<span class=\"__2 _202\"></span>vide for expect<span class=\"__2 _200\"></span>ed credit los<span class=\"__2 _200\"></span>ses. The outc<span class=\"__2 _200\"></span>ome of such assess<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>ments, coupled with the se<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>eral clauses c<span class=\"__2 _200\"></span>ontained within the agreement, r<span class=\"__2 _200\"></span>eflects the need for the Group t<span class=\"__2 _200\"></span>o acc<span class=\"__2 _200\"></span>ount for e<span class=\"__2 _200\"></span>xpected credit los<span class=\"__2 _200\"></span>ses of EUR 33,000 in r<span class=\"__2 _200\"></span>elation to one of these in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments as at 31 December 20<span class=\"__2 _200\"></span>23.<span class=\"__2 _25f\"> </span>The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments for the y<span class=\"__2 _200\"></span>ear ended and as at 31 December 20<span class=\"__2 _200\"></span>23:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4aa h8d\" id=\"_89887c49-e70d-4f66-a68a-64436d57f9f2\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd4a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd4b w1a1 h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2c8 yd4b w1ad h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd4c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd4d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd4e ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t i<span class=\"__2 _203\"></span>nves<span class=\"__2 _203\"></span>tm<span class=\"__2 _203\"></span>e<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd4f ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A- </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yd50 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yd51 w1a7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x609 yd51 w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd52 w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60a yd52 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd53 w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60e yd53 w4ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">6<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd54 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x60f hb_2 yd54 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">6<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>47<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd55 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x2ca hb_2 yd55 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">(33)<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x610 yae1 w3bd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">62,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td></tr></table>The table belo<span class=\"__2 _200\"></span>w summarise the balances for los<span class=\"__2 _200\"></span>s allow<span class=\"__2 _200\"></span>ance for debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments for the y<span class=\"__2 _200\"></span>ear ended and as at 31 December 20<span class=\"__2 _200\"></span>22:<span class=\"__2 _25f\"> </span><table class=\"s_1 w1a0 h8e\" id=\"_00ef18fa-800f-4577-a408-e4f15a808659\"><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2c7 ha_2 yd56 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Stage 1 </td></tr><tr><td class=\"c_1 n_1 x140_1 yd57 w1a6 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022,<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x2cf yd57 w19b h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"t_2 m0_2 x2c9 ha_2 yd58 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">12-month </td></tr><tr><td></td><td></td><td></td><td class=\"t_2 m0_2 x2ca ha_2 yd59 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">ECL<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd5a ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">De<span class=\"__2 _203\"></span>bt investme<span class=\"__2 _203\"></span>nts </td><td></td><td></td><td class=\"c_1 n_1 x608 yd5b w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 x140_1 yd5d w1a7 h8f\"><div class=\"t_2 m0_2 x13f_1 hb_2 yd5c ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">A<span class=\"__2 _200\"></span>+ to A-<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BBB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BBB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x609 yd5d w161_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd5e w1a9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4a_2 ws182_1\">BB+<span class=\"__2 _200\"></span> t<span class=\"__2 _200\"></span>o BB-<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x60a yd5e w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd5f w1ab h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">U<span class=\"__2 _203\"></span>nr<span class=\"__2 _203\"></span>ate<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x611 yd5f w4ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd60 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Gross<span class=\"__2 _200\"></span> carrying amoun<span class=\"__2 _200\"></span>t  </td><td></td><td></td><td class=\"t_2 m0_2 x612 hb_2 yd60 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd61 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loss al<span class=\"__2 _203\"></span>lowance </td><td></td><td></td><td class=\"t_2 m0_2 x2cc hb_2 yd61 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w1a3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>arr<span class=\"__2 _203\"></span>yin<span class=\"__2 _203\"></span>g amo<span class=\"__2 _203\"></span>unt \u2013<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x2cd yae1 w1a4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">n<span class=\"__2 _203\"></span>et of loss a<span class=\"__2 _203\"></span>llowance<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x610 yae1 w4ac h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr></table><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs30_1\">4.2.<span class=\"__2 _202\"></span>11 Writ<span class=\"__2 _200\"></span>e-off policy<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsaa_2 gs31_1\">The Gr<span class=\"__2 _200\"></span>oup writes off and der<span class=\"__2 _200\"></span>ecognises loans to cus<span class=\"__2 _200\"></span>tomers, debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments and other financial </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsa1_2 gs32_1\">assets at amortised c<span class=\"__2 _200\"></span>ost when it determines that these ar<span class=\"__2 _200\"></span>e credit-impair<span class=\"__2 _202\"></span>ed for a significant period, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws59_2 gs5a_1\">and the Group has e<span class=\"__2 _202\"></span>xhausted all pr<span class=\"__2 _200\"></span>actical efforts and debt rec<span class=\"__2 _200\"></span>o<span class=\"__2 _200\"></span>very s<span class=\"__2 _200\"></span>trat<span class=\"__2 _200\"></span>egies. In some cases, the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wseb_2 gs33_1\">Group ma<span class=\"__2 _200\"></span>y opt to c<span class=\"__2 _200\"></span>onduct a one-off sale of the underlying financial assets, in part or as a whole, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs34_1\">to thir<span class=\"__2 _200\"></span>d parties.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7a_2 gs36_1\">In case of a sale, the Gr<span class=\"__2 _200\"></span>oup rec<span class=\"__2 _200\"></span>ognises the gain or loss fr<span class=\"__2 _200\"></span>om the sale of loans to cust<span class=\"__2 _200\"></span>omers or other </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsbe_2 gs5b_1\">financial assets as the differ<span class=\"__2 _200\"></span>ence betw<span class=\"__2 _200\"></span>een the consider<span class=\"__2 _200\"></span>ation r<span class=\"__2 _200\"></span>eceiv<span class=\"__2 _200\"></span>ed, and the carrying amount </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7c_2 gs37_1\">(<span class=\"__2 _200\"></span>gross amount les<span class=\"__2 _200\"></span>s any loss allo<span class=\"__2 _200\"></span>wanc<span class=\"__2 _200\"></span>es) of such financial as<span class=\"__2 _200\"></span>sets and costs incurr<span class=\"__2 _200\"></span>ed during the </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd7_2 gs38_1\">sale, in the sta<span class=\"__2 _200\"></span>tement of profit or los<span class=\"__2 _200\"></span>s. In the case of the write-offs, loss on disposal is r<span class=\"__2 _200\"></span>ecognised </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf7_2 gs39_1\">as equal to the carrying amount of such financial as<span class=\"__2 _200\"></span>sets in the consolidated s<span class=\"__2 _200\"></span>tatement of pr<span class=\"__2 _200\"></span>ofit or </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs194\">loss. </div><div class=\"t_2 m0_2 h5_2 ff1_2 fs3_2 fc1_2 sc0_2 ls0_2 ws0_2 gs3b_1\">4.2.<span class=\"__2 _202\"></span>12 Collater<span class=\"__2 _202\"></span>al<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws8_2 gs3c_1\">The Gr<span class=\"__2 _200\"></span>oup\u2019s c<span class=\"__2 _200\"></span>onsumer lending portfolio is gener<span class=\"__2 _200\"></span>ally unsecured, in line with the typical natur<span class=\"__2 _200\"></span>e and </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd3_2 gs3d_1\">charact<span class=\"__2 _200\"></span>eristics observ<span class=\"__2 _200\"></span>ed for short-term r<span class=\"__2 _202\"></span>etail portfolios. How<span class=\"__2 _200\"></span>ev<span class=\"__2 _202\"></span>er<span class=\"__2 _201\"></span>, the Group emplo<span class=\"__2 _200\"></span>ys a r<span class=\"__2 _200\"></span>ange of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd2_2 gs2d5\">policies and pr<span class=\"__2 _200\"></span>actices to mitigat<span class=\"__2 _200\"></span>e credit risk, including c<span class=\"__2 _200\"></span>ollection str<span class=\"__2 _200\"></span>ategies, contr<span class=\"__2 _202\"></span>actual arrange<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws130_2 gs2d6\">ment b<span class=\"__2 _200\"></span>y which the Group can sell aged portfolios onc<span class=\"__2 _200\"></span>e specific loans reach a pr<span class=\"__2 _200\"></span>edetermined </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws108_2 gs3f_1\">ageing profile and one-off debt sales. <span class=\"__2 _200\"></span>Note 4.2.7 discloses the amount of loans t<span class=\"__2 _200\"></span>o cust<span class=\"__2 _200\"></span>omers </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs40_1\">disposed of during the y<span class=\"__2 _200\"></span>ear<span class=\"__2 _201\"></span>. </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsf8_2 gs2d7\">In 2023, the Gr<span class=\"__2 _200\"></span>oup started t<span class=\"__2 _200\"></span>o offer collat<span class=\"__2 _200\"></span>eralised loans t<span class=\"__2 _200\"></span>o SME cust<span class=\"__2 _200\"></span>omers. The underlying collat<span class=\"__2 _200\"></span>eral </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsb0_2 gs92\">for these loans must be c<span class=\"__2 _200\"></span>omprised of either loan portfolios, apartments or r<span class=\"__2 _200\"></span>esidential buildings, </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wse2_2 gs44_1\">commer<span class=\"__2 _200\"></span>cial properties or plots that meet specific r<span class=\"__2 _202\"></span>equirements including any additional cash or </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd4_2 gs1a_1\">financial instrument colla<span class=\"__2 _200\"></span>ter<span class=\"__2 _200\"></span>al pro<span class=\"__2 _200\"></span>vided b<span class=\"__2 _200\"></span>y the issuer<span class=\"__2 _201\"></span>. The Gr<span class=\"__2 _200\"></span>oup assigns differ<span class=\"__2 _200\"></span>ent loan-to-v<span class=\"__2 _200\"></span>alue </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws72_2 gs1b_1\">coefficients t<span class=\"__2 _200\"></span>o ev<span class=\"__2 _202\"></span>ery collater<span class=\"__2 _200\"></span>al item depending on its natur<span class=\"__2 _200\"></span>e. The v<span class=\"__2 _200\"></span>alue of collat<span class=\"__2 _200\"></span>eral is r<span class=\"__2 _202\"></span>egularly </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs1c_1\">re<span class=\"__2 _202\"></span>view<span class=\"__2 _200\"></span>ed for changes in the underlined market pric<span class=\"__2 _200\"></span>es.<span class=\"__2 _25f\"> </span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws7d_2 gs4d_1\">The debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments are mainly secur<span class=\"__2 _200\"></span>ed by loan portf<span class=\"__2 _200\"></span>olios pledged in fa<span class=\"__2 _200\"></span>vour of the Multitude </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd2_2 gs45_1\">Bank and hence the Gr<span class=\"__2 _200\"></span>oup, taking into c<span class=\"__2 _200\"></span>onsidera<span class=\"__2 _200\"></span>tion pre-established c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>alised ra<span class=\"__2 _200\"></span>tios in rela<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span></div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws74_2 gs4e_1\">tion to the amount in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>ted and encompas<span class=\"__2 _200\"></span>sing pre-es<span class=\"__2 _200\"></span>tablished ratios of e<span class=\"__2 _202\"></span>xposures by ageing of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws102_2 gs20_1\">the underlying pledged portfolio<span class=\"__2 _200\"></span>. Moreo<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>er<span class=\"__2 _201\"></span>, the Bank also has additional collater<span class=\"__2 _202\"></span>al in the form of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 wsd8_2 gs21_1\">cash deposited in its ac<span class=\"__2 _200\"></span>counts or pledged financial instruments in f<span class=\"__2 _200\"></span>av<span class=\"__2 _200\"></span>our of the Bank in respect of </div><div class=\"t_2 m0_2 h3_2 ff2_2 fs1_2 fc1_2 sc0_2 ls0_2 ws0_2 gs51_1\">this inv<span class=\"__2 _202\"></span>estment<span class=\"__2 _25f\"> </span>.<span class=\"__2 _25f\"> </span></div>4.2.<span class=\"__2 _202\"></span>13 Maximum exposur<span class=\"__2 _200\"></span>e to cr<span class=\"__2 _200\"></span>edit risk<span class=\"__2 _25f\"> </span>An \u2018e<span class=\"__2 _202\"></span>xposure\u2019 is defined as the amount at risk arising from the Gr<span class=\"__2 _202\"></span>oup\u2019s assets and off-balanc<span class=\"__2 _200\"></span>e sheet items. T<span class=\"__2 _200\"></span>he Group\u2019<span class=\"__2 _200\"></span>s maximum credit risk c<span class=\"__2 _200\"></span>oncerning on- and off-balance sheet it<span class=\"__2 _200\"></span>ems can be classified int<span class=\"__2 _200\"></span>o the following ca<span class=\"__2 _200\"></span>tegories:<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"ws17d_1\">Financial assets that c<span class=\"__2 _200\"></span>omprise principally cash and cash equivalent (balanc<span class=\"__2 _200\"></span>es with Central </span>Banks and balances with other bank<span class=\"__2 _200\"></span>s), loans to c<span class=\"__2 _200\"></span>ustomers, debt in<span class=\"__2 _200\"></span>ves<span class=\"__2 _200\"></span>tments and other financial assets. The maximum e<span class=\"__2 _202\"></span>xposure to cr<span class=\"__2 _200\"></span>edit risk of these financial assets equals their gr<span class=\"__2 _200\"></span>oss carrying amounts.<span class=\"__2 _25f\"> </span>\u2022 <span class=\"__2 _f_2\"> </span><span class=\"wse_2\">Loan commitments and other cr<span class=\"__2 _200\"></span>edit-rela<span class=\"__2 _200\"></span>ted commitments that ar<span class=\"__2 _202\"></span>e irrev<span class=\"__2 _202\"></span>ocable ov<span class=\"__2 _202\"></span>er the life of </span>the respectiv<span class=\"__2 _202\"></span>e facilities. The maximum e<span class=\"__2 _200\"></span>xposure t<span class=\"__2 _200\"></span>o credit risk is the full amount of the c<span class=\"__2 _200\"></span>ommitted facilities. Ho<span class=\"__2 _200\"></span>w<span class=\"__2 _200\"></span>ev<span class=\"__2 _200\"></span>er<span class=\"__2 _201\"></span>, the likely amount of los<span class=\"__2 _200\"></span>s is less than the total unused c<span class=\"__2 _200\"></span>ommitments as the most c<span class=\"__2 _200\"></span>ommitments to e<span class=\"__2 _200\"></span>xtend cr<span class=\"__2 _200\"></span>edit are c<span class=\"__2 _200\"></span>ontingent upon customers maintaining specific cr<span class=\"__2 _200\"></span>edit standar<span class=\"__2 _200\"></span>ds. These e<span class=\"__2 _200\"></span>xposures ar<span class=\"__2 _200\"></span>e monitor<span class=\"__2 _200\"></span>ed in the same manner as loans to cust<span class=\"__2 _200\"></span>omers and debt inv<span class=\"__2 _202\"></span>estments.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s maximum cr<span class=\"__2 _200\"></span>edit risk e<span class=\"__2 _200\"></span>xposure without c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al held or other credit enhanc<span class=\"__2 _200\"></span>ements as at 31 December ar<span class=\"__2 _200\"></span>e as follo<span class=\"__2 _200\"></span>ws:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4ad h90\" id=\"_ab2f4850-e364-4e26-b9ed-e1b6ab9c84e4\"><tr><td class=\"c_1 n_1 x140_1 yd62 w19b h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x613 yd62 w19c h63\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></div></td><td class=\"t_2 m0_2 x614 ha_2 yd63 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Restat<span class=\"__2 _200\"></span>ed </td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x2d6 ha_2 yd64 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd65 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cred<span class=\"__2 _203\"></span>it risk expo<span class=\"__2 _203\"></span>sures re<span class=\"__2 _203\"></span>lating to on<span class=\"__2 _203\"></span>-b<span class=\"__2 _203\"></span>ala<span class=\"__2 _203\"></span>nce sh<span class=\"__2 _203\"></span>eet as<span class=\"__2 _203\"></span>set<span class=\"__2 _203\"></span>s:<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd66 w4ae h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">Loans t<span class=\"__2 _202\"></span>o customers<span class=\"__2 _200\"></span> (gross<span class=\"__2 _201\"></span>)<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x615 yd66 w4af h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">69<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>17<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x616 yd66 w4b0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">619,<span class=\"__2 _200\"></span>794<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yd67 w4b1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">C<span class=\"__2 _203\"></span>ash an<span class=\"__2 _203\"></span>d ca<span class=\"__2 _203\"></span>sh eq<span class=\"__2 _203\"></span>uival<span class=\"__2 _203\"></span>ent<span class=\"__2 _203\"></span>s<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x617 yd67 w198 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">28<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>12<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x618 yd67 w4b2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd68 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Oth<span class=\"__2 _203\"></span>er fi<span class=\"__2 _203\"></span>nan<span class=\"__2 _203\"></span>cial a<span class=\"__2 _203\"></span>sset<span class=\"__2 _203\"></span>s at am<span class=\"__2 _203\"></span>or<span class=\"__2 _203\"></span>tised co<span class=\"__2 _203\"></span>st:<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x619 yd69 w4b3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">D<span class=\"__2 _203\"></span>eb<span class=\"__2 _203\"></span>t i<span class=\"__2 _203\"></span>nves<span class=\"__2 _203\"></span>tm<span class=\"__2 _203\"></span>e<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ts<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61a yd69 w3bd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">62,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61b yd69 w4b4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _205\"></span>,1<span class=\"__2 _205\"></span>07<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6a w4b5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loan<span class=\"__2 _203\"></span>s to related pa<span class=\"__2 _203\"></span>r<span class=\"__2 _203\"></span>ties<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61c yd6a w4a8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,0<span class=\"__2 _203\"></span>48<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61d yd6a w4b6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">8<span class=\"__2 _203\"></span>,13<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6b w4b7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Rece<span class=\"__2 _200\"></span>ivables<span class=\"__2 _200\"></span> from<span class=\"__2 _200\"></span> banks<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61e yd6b w4b8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">4,<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>62<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x61f yd6b w4b9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>36<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6c w4ba h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Receiv<span class=\"__2 _200\"></span>ables from sold<span class=\"__2 _200\"></span> por<span class=\"__2 _203\"></span>tfolios<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x620 yd6c w4bb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls57_2 ws18f_1\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>476<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x621 yd6c w4bc h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>26<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x619 yd6d w4bd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Other recei<span class=\"__2 _200\"></span>vables<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x622 yd6d w234 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls73_1 ws4e_2\">3,549<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x623 yd6d w4be h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">4,<span class=\"__2 _203\"></span>649<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x13c_1 hb_2 yd6e ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cred<span class=\"__2 _203\"></span>it risk expo<span class=\"__2 _203\"></span>sures re<span class=\"__2 _203\"></span>lating to of<span class=\"__2 _203\"></span>f-bala<span class=\"__2 _203\"></span>nce sh<span class=\"__2 _203\"></span>eet i<span class=\"__2 _203\"></span>nstr<span class=\"__2 _203\"></span>ume<span class=\"__2 _203\"></span>nts:<span class=\"__2 _25f\"> </span></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x140_1 yd6f w4bf h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Commi<span class=\"__2 _200\"></span>tments<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x624 yd6f w4c0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">8,000<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x625 yd6f w4c1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">7<span class=\"__2 _201\"></span>,000<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"c_1 n_1 x140_1 yae1 w4c2 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">T<span class=\"__2 _201\"></span>otal credi<span class=\"__2 _200\"></span>t risk<span class=\"__2 _200\"></span> expos<span class=\"__2 _200\"></span>ure<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x626 yae1 w4c3 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">1<span class=\"__2 _203\"></span>,0<span class=\"__2 _203\"></span>63<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>879<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x627 yae1 w4c4 h77\"><div class=\"t_2 m0_2 x13f_1 ha_2 yac2 ff3_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">820,640<span class=\"__2 _25f\"> </span></div></td></tr></table>4.2.<span class=\"__2 _202\"></span>14 Credit conc<span class=\"__2 _200\"></span>entra<span class=\"__2 _200\"></span>tion risk<span class=\"__2 _25f\"> </span>Credit c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ation risk e<span class=\"__2 _200\"></span>xposure r<span class=\"__2 _200\"></span>esults from inadequat<span class=\"__2 _200\"></span>e div<span class=\"__2 _200\"></span>ersification of the Group\u2019<span class=\"__2 _200\"></span>s loans to cus<span class=\"__2 _200\"></span>tomers. The Gr<span class=\"__2 _200\"></span>oup manages this risk by activ<span class=\"__2 _202\"></span>ely and regularly monitoring, measuring, and analysing cr<span class=\"__2 _200\"></span>edit conc<span class=\"__2 _200\"></span>entrations a<span class=\"__2 _200\"></span>t the portfolio and market le<span class=\"__2 _202\"></span>vels, and wher<span class=\"__2 _200\"></span>e applicable, with other count<span class=\"__2 _200\"></span>erparties.<span class=\"__2 _25f\"> </span>The Gr<span class=\"__2 _200\"></span>oup\u2019s loans t<span class=\"__2 _200\"></span>o customers do not include an<span class=\"__2 _200\"></span>y significant credit risk c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ations. These ar<span class=\"__2 _200\"></span>e mainly comprised of r<span class=\"__2 _200\"></span>etail e<span class=\"__2 _200\"></span>xposures which ar<span class=\"__2 _200\"></span>e individually insignificant, with the biggest v<span class=\"__2 _200\"></span>alue per cust<span class=\"__2 _200\"></span>omer arising from unc<span class=\"__2 _200\"></span>ollaterised SME loans, gr<span class=\"__2 _200\"></span>anted thr<span class=\"__2 _200\"></span>ough the standard underwriting proc<span class=\"__2 _200\"></span>ess of the Gr<span class=\"__2 _200\"></span>oup, at a cap of EUR 350<span class=\"__2 _200\"></span>,000 or 0<span class=\"__2 _200\"></span>.01% of t<span class=\"__2 _200\"></span>otal Group loans t<span class=\"__2 _200\"></span>o customers for the y<span class=\"__2 _200\"></span>ears ended 31 December 2023 and 2022. T<span class=\"__2 _200\"></span>he Group has higher e<span class=\"__2 _202\"></span>xposure to debt in<span class=\"__2 _200\"></span>v<span class=\"__2 _200\"></span>estments that ha<span class=\"__2 _200\"></span>ve c<span class=\"__2 _200\"></span>ollater<span class=\"__2 _200\"></span>al and loans to r<span class=\"__2 _200\"></span>elated parties. Multitude does not ha<span class=\"__2 _200\"></span>ve clients tha<span class=\"__2 _200\"></span>t individually gener<span class=\"__2 _200\"></span>ate mor<span class=\"__2 _200\"></span>e than 10% of total re<span class=\"__2 _202\"></span>venue for the y<span class=\"__2 _202\"></span>ears ended 31 December 2023 and 2022. Con<span class=\"ws0_2\">-<span class=\"__2 _25f\"> </span></span>centr<span class=\"__2 _200\"></span>ation limits for balanc<span class=\"__2 _200\"></span>es with Central Bank<span class=\"__2 _200\"></span>s and other banks are set out individually as a perc<span class=\"__2 _200\"></span>entage to the Gr<span class=\"__2 _200\"></span>oup\u2019s equity in tr<span class=\"__2 _200\"></span>easury management policy<span class=\"__2 _201\"></span>. The limit r<span class=\"__2 _200\"></span>anges between 10% and 100% depending on the individual credit r<span class=\"__2 _202\"></span>ating of each bank.<span class=\"__2 _25f\"> </span>Follo<span class=\"__2 _200\"></span>wing table show<span class=\"__2 _200\"></span>s credit c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ation of the Group b<span class=\"__2 _202\"></span>y geographic r<span class=\"__2 _200\"></span>egions as at 31 December 2023:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4c5 h91\" id=\"_fb7ad086-b14f-4e83-b3cd-afdea9dd5d5a\"><tr><td></td><td></td><td class=\"t_2 m0_2 x628 ha_2 yd70 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cash </td><td class=\"t_2 m0_2 x629 ha_2 yd71 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans to </td><td class=\"t_2 m0_2 x62a ha_2 yd71 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Debt </td><td class=\"t_2 m0_2 x62b ha_2 yd72 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other </td><td class=\"t_2 m0_2 x62c ha_2 yd72 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yd73 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td></td><td class=\"t_2 m0_2 x62d ha_2 yd73 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">and cash </td><td class=\"t_2 m0_2 x62e ha_2 yd74 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">customers<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x62f ha_2 yd74 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">inv<span class=\"__2 _202\"></span>estments </td><td class=\"t_2 m0_2 x630 ha_2 yd75 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x631 ha_2 yd75 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x4ad ha_2 yd75 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2023<span class=\"__2 _25f\"> </span></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd76 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">Co<span class=\"__2 _203\"></span>untr<span class=\"__2 _203\"></span>y </td><td></td><td class=\"t_2 m0_2 x632 ha_2 yd77 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">equivalents<span class=\"__2 _25f\"> </span></td><td></td><td></td><td class=\"t_2 m0_2 x633 ha_2 yd78 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x634 ha_2 yd78 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">of </td><td class=\"c_1 n_1 x635 yd7a w4c6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x636 yd7a w4c7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">1<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>1<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x637 yd7a w4c8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>09<span class=\"__2 _203\"></span>,779<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x638 yd7a w4c9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">1<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,057<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x639 yd7a w4ca h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">13<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>879<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x63a yd7a w4cb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">15<span class=\"__2 _200\"></span>5,900<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x63b yd7a w4cc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>56%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd7b ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">domicil<span class=\"__2 _203\"></span>e</td><td class=\"t_2 m0_2 x63c hb_2 yd7c ff2_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\"> Swe<span class=\"__2 _203\"></span>de<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd7d ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Northern </td><td class=\"t_2 m0_2 x63d hb_2 yd7e ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Denmark, Norwa<span class=\"__2 _200\"></span>y<span class=\"__2 _202\"></span>, </td><td class=\"c_1 n_1 x63e yd7f w4cd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">3<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>24<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x63f yd7f w4ce h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">231,<span class=\"__2 _203\"></span>863<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x640 yd7f w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x641 yd7f w4cf h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">173<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x642 yd7f w4d0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls3_2 ws2d_2\">235<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>284<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x643 yd7f w4d1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls12_2 ws58_2\">25<span class=\"__2 _203\"></span>.00%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd80 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x644 hb_2 yd81 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">UK</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x645 hb_2 yd82 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Ge<span class=\"__2 _203\"></span>rma<span class=\"__2 _203\"></span>ny<span class=\"__2 _202\"></span>, T<span class=\"__2 _203\"></span>he </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd83 ff2_2 fs7_2 fc1_2 sc0_2 ls20_2 ws52_2\">We<span class=\"__2 _203\"></span>s<span class=\"__2 _203\"></span>te<span class=\"__2 _205\"></span>r<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span> </td><td class=\"t_2 m0_2 x646 hb_2 yd83 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Nether<span class=\"__2 _200\"></span>lands, </td><td class=\"c_1 n_1 x63e yd84 w4d2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">11<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>32<span class=\"__2 _203\"></span>9<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x647 yd84 w4d3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">46,992<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x648 yd84 w4d4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>25<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x649 yd84 w4d5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls75 ws1b3_1\">185<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x64a yd84 w4d6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">68<span class=\"__2 _205\"></span>,732<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x64b yd84 w4d7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls76 ws1b4\">7.<span class=\"__2 _212\"></span>3<span class=\"__2 _212\"></span>0<span class=\"__2 _205\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd85 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x64c hb_2 yd85 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Spa<span class=\"__2 _203\"></span>in<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x646 hb_2 yd86 ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">Luxembou<span class=\"__2 _203\"></span>rg </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64d hb_2 yd87 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Lat<span class=\"__2 _203\"></span>via<span class=\"__2 _203\"></span>, E<span class=\"__2 _203\"></span>stonia<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64e hb_2 yd88 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Czechi<span class=\"__2 _203\"></span>a, <span class=\"__2 _b3_2\"> </span>Croatia<span class=\"__2 _203\"></span>,  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd89 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">East<span class=\"__2 _200\"></span>ern </td><td class=\"t_2 m0_2 x64f hb_2 yd89 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">Roman<span class=\"__2 _203\"></span>ia, Bulg<span class=\"__2 _203\"></span>aria, </td><td class=\"c_1 n_1 x650 yd8a w4d8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>015<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x651 yd8a w4d9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">180,<span class=\"__2 _200\"></span>77<span class=\"__2 _200\"></span>6<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x652 yd8a w4da h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">21,410<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x653 yd8a w4db h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">373<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x654 yd8a w2db h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls52_2 ws18a_1\">2<span class=\"__2 _205\"></span>0<span class=\"__2 _205\"></span>6<span class=\"__2 _212\"></span>,<span class=\"__2 _212\"></span>5<span class=\"__2 _205\"></span>74<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x655 yd8a w4dc h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">21<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>95%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd8b ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x656 hb_2 yd8b ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lithu<span class=\"__2 _203\"></span>ania<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x63d hb_2 yd8c ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">Sl<span class=\"__2 _203\"></span>ova<span class=\"__2 _203\"></span>k<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span> S<span class=\"__2 _203\"></span>love<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd8d ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Sout<span class=\"__2 _200\"></span>hern </td><td class=\"t_2 m0_2 x657 hb_2 yd8e ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Poland<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x658 yd8f w4dd h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Malta, Cyprus<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x659 yd8f w4de h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">24<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>7<span class=\"__2 _203\"></span>7<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65a yd8f w4df h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65b yd8f w4e0 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">15,421<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65c yd8f w4e1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">4<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>03<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65d yd8f w4e2 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">26<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>,70<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x65e yd8f w4e3 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">28<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>23%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd90 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe</td><td class=\"t_2 m0_2 x64e hb_2 yd91 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> C<span class=\"__2 _203\"></span>ana<span class=\"__2 _203\"></span>da<span class=\"__2 _203\"></span>, Mexico, </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x65f hb_2 yd92 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws1b5\">India, <span class=\"__2 _b3_2\"> </span>Philippines,  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yd93 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Other<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x65f hb_2 yd93 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Banglad<span class=\"__2 _203\"></span>esh, New </td><td class=\"c_1 n_1 x660 yd94 w4e4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">1<span class=\"__2 _203\"></span>,758<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x661 yd94 w4e5 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">6,<span class=\"__2 _203\"></span>5<span class=\"__2 _203\"></span>37<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x662 yd94 w160_1 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x663 yd94 w4e6 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">72<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x664 yd94 w446 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">9,018<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x665 yd94 w4e7 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">0.<span class=\"__2 _203\"></span>9<span class=\"__2 _203\"></span>6%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x666 hb_2 yd95 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Zeala<span class=\"__2 _203\"></span>nd<span class=\"__2 _203\"></span>, <span class=\"__2 _215\"> </span>B<span class=\"__2 _203\"></span>razil,  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x667 hb_2 yd96 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">Australia<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x2c1 yae1 w4e8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _212\"></span>l<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x668 yae1 w4e9 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">283<span class=\"__2 _203\"></span>,7<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>2<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x669 yae1 w4ea h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">575<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>94<span class=\"__2 _203\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66a yae1 w4eb h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4d_2 ws184_1\">62<span class=\"__2 _203\"></span>,1<span class=\"__2 _203\"></span>14<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66b yae1 w4ec h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">19,<span class=\"__2 _203\"></span>436<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66c yae1 w1f4 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">9<span class=\"__2 _203\"></span>41<span class=\"__2 _203\"></span>,<span class=\"__2 _205\"></span>2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>0<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x66d yae1 w4ed h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4e_2 ws185_1\">100.<span class=\"__2 _200\"></span>00%<span class=\"__2 _25f\"> </span></div></td></tr></table>Follo<span class=\"__2 _200\"></span>wing table show<span class=\"__2 _200\"></span>s credit c<span class=\"__2 _200\"></span>oncentr<span class=\"__2 _200\"></span>ation of the Group b<span class=\"__2 _202\"></span>y geographic r<span class=\"__2 _200\"></span>egions as at 31 December 2022:<span class=\"__2 _25f\"> </span><table class=\"s_1 w4ee h92\" id=\"_4bca7897-94f8-43ad-a4e7-0a5a71204e13\"><tr><td></td><td></td><td class=\"t_2 m0_2 x628 ha_2 yd97 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Cash </td><td></td><td class=\"t_2 m0_2 x66e ha_2 yd98 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Loans to </td><td class=\"t_2 m0_2 x66f ha_2 yd98 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Debt </td><td class=\"t_2 m0_2 x670 ha_2 yd99 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Other </td><td class=\"t_2 m0_2 x671 ha_2 yd99 ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">T<span class=\"__2 _201\"></span>otal </td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 ha_2 yd9a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\" colspan=\"2\">EUR \u2019000<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x62d ha_2 yd9a ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">and cash </td><td></td><td class=\"t_2 m0_2 x672 ha_2 yd9b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">customers<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x36c ha_2 yd9b ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">inv<span class=\"__2 _202\"></span>estments </td><td class=\"t_2 m0_2 x673 ha_2 yd9c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x674 ha_2 yd9c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">financial </td><td class=\"t_2 m0_2 x675 ha_2 yd9c ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">2022<span class=\"__2 _25f\"> </span></td></tr><tr><td></td><td></td><td class=\"t_2 m0_2 x632 ha_2 yd9d ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">equivalents<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td class=\"t_2 m0_2 x676 ha_2 yd9e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x677 ha_2 yd9e ff3_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">assets<span class=\"__2 _25f\"> </span></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yd9f ff2_2 fs7_2 fc1_2 sc0_2 ls42_2 ws17b_1\">Co<span class=\"__2 _203\"></span>untr<span class=\"__2 _203\"></span>y </td><td class=\"c_1 n_1 x635 yda0 w4c6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Finland<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x678 yda0 w4ef h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">2<span class=\"__2 _203\"></span>9,<span class=\"__2 _203\"></span>97<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x679 yda0 w4f0 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>0<span class=\"__2 _203\"></span>6,<span class=\"__2 _205\"></span>273<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67a yda0 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67b yda0 w4f1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls45_2 ws17f_1\">12,792<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67c yda0 w4f2 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">149,038<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67d yda0 w4f3 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls2_2 ws2c_2\">2<span class=\"__2 _203\"></span>1<span class=\"__2 _203\"></span>.<span class=\"__2 _203\"></span>26%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yda1 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">of dom<span class=\"__2 _203\"></span>icil<span class=\"__2 _203\"></span>e<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yda2 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Northern </td><td class=\"t_2 m0_2 x63c hb_2 yda3 ff2_2 fs7_2 fc1_2 sc0_2 lsf_2 ws1a5_1\"> Swe<span class=\"__2 _203\"></span>de<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 yda4 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x656 hb_2 yda5 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Denmark, </td><td class=\"c_1 n_1 x63e yda6 w3fc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">4,<span class=\"__2 _203\"></span>65<span class=\"__2 _203\"></span>6<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x67e yda6 w4f4 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">186,080<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x67f yda6 w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x680 yda6 w43b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls65_2 ws53_2\">45<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x681 yda6 w4f5 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls69_2 ws1a0_1\">191,190<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x682 yda6 w4f6 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls76 ws1b4\">2<span class=\"__2 _205\"></span>7.<span class=\"__2 _a0_2\"> </span>2<span class=\"__2 _205\"></span>8<span class=\"__2 _205\"></span>%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x683 hb_2 yda7 ff2_2 fs7_2 fc1_2 sc0_2 ls77 ws1b6\">N<span class=\"__2 _203\"></span>o<span class=\"__2 _205\"></span>r<span class=\"__2 _205\"></span>w<span class=\"__2 _203\"></span>a<span class=\"__2 _203\"></span>y,<span class=\"__2 _203\"></span> U<span class=\"__2 _205\"></span>K</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x645 hb_2 yda8 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Ge<span class=\"__2 _203\"></span>rma<span class=\"__2 _203\"></span>ny<span class=\"__2 _202\"></span>, T<span class=\"__2 _203\"></span>he </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 yda9 ff2_2 fs7_2 fc1_2 sc0_2 ls20_2 ws52_2\">We<span class=\"__2 _203\"></span>s<span class=\"__2 _203\"></span>te<span class=\"__2 _205\"></span>r<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span> </td><td class=\"t_2 m0_2 x646 hb_2 yda9 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Nether<span class=\"__2 _200\"></span>lands, </td><td class=\"c_1 n_1 x684 ydaa w4f7 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 lsd_2 ws56_2\">11,7<span class=\"__2 _200\"></span>60<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x685 ydaa w4f8 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">5<span class=\"__2 _203\"></span>4,0<span class=\"__2 _203\"></span>09<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x686 ydaa w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x687 ydaa w4f9 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">139<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x688 ydaa w4fa h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls46_2 ws180_1\">6<span class=\"__2 _200\"></span>5,908<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x689 ydaa w4fb h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">9.4<span class=\"__2 _203\"></span>0%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 ydab ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x64c hb_2 ydab ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Spa<span class=\"__2 _203\"></span>in<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x646 hb_2 ydac ff2_2 fs7_2 fc1_2 sc0_2 ls5b_2 ws193_1\">Luxembou<span class=\"__2 _203\"></span>rg </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64d hb_2 ydad ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> Lat<span class=\"__2 _203\"></span>via<span class=\"__2 _203\"></span>, E<span class=\"__2 _203\"></span>stonia<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x64e hb_2 ydae ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Czechi<span class=\"__2 _203\"></span>a, <span class=\"__2 _b3_2\"> </span>Croatia<span class=\"__2 _203\"></span>,  </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 ydaf ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">East<span class=\"__2 _200\"></span>ern </td><td class=\"t_2 m0_2 x63c hb_2 ydb0 ff2_2 fs7_2 fc1_2 sc0_2 ls4_2 ws2f_2\">Romania,<span class=\"__2 _200\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 ydb1 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x667 hb_2 ydb2 ff2_2 fs7_2 fc1_2 sc0_2 ls56_2 ws18e_1\">Bulga<span class=\"__2 _203\"></span>ria, </td><td class=\"c_1 n_1 x650 ydb3 w4fc h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">7,<span class=\"__2 _212\"></span>8<span class=\"__2 _212\"></span>9<span class=\"__2 _205\"></span>5<span class=\"__2 _25f\"> </span></div></td><td></td><td class=\"c_1 n_1 x68a ydb3 w4fd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4c_2 ws183_1\">138,896<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68b ydb3 w4fe h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">1<span class=\"__2 _203\"></span>0,<span class=\"__2 _203\"></span>879<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68c ydb3 w4ff h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls7_2 ws31_2\">97<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68d ydb3 w500 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls62_2 ws19b_1\">15<span class=\"__2 _203\"></span>8<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>42<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x68e ydb3 w501 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">22<span class=\"__2 _203\"></span>.6<span class=\"__2 _203\"></span>3%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x656 hb_2 ydb4 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">Lithu<span class=\"__2 _203\"></span>ania<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x667 hb_2 ydb5 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Slov<span class=\"__2 _200\"></span>akia<span class=\"__2 _203\"></span>, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 ydb6 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Sout<span class=\"__2 _200\"></span>hern </td><td class=\"t_2 m0_2 x68f hb_2 ydb7 ff2_2 fs7_2 fc1_2 sc0_2 ls2b_2 ws54_2\">Sl<span class=\"__2 _203\"></span>ove<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>ia<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span> Po<span class=\"__2 _203\"></span>la<span class=\"__2 _203\"></span>n<span class=\"__2 _203\"></span>d<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c_1 n_1 x690 ydb8 w4dd h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls5_2 ws3c_2\">Malta, Cyprus<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x691 ydb8 w502 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">9<span class=\"__2 _205\"></span>7,<span class=\"__2 _205\"></span>1<span class=\"__2 _205\"></span>8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x692 ydb8 w503 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls41_2 ws17a_1\">8<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x693 ydb8 w491 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">229<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x694 ydb8 w504 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">10,<span class=\"__2 _203\"></span>2<span class=\"__2 _203\"></span>29<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x695 ydb8 w505 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">4<span class=\"__2 _203\"></span>,618<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x696 ydb8 w506 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">112,<span class=\"__2 _203\"></span>26<span class=\"__2 _203\"></span>4<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x697 ydb8 w507 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls64_2 ws19d_1\">1<span class=\"__2 _203\"></span>6<span class=\"__2 _203\"></span>.02%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td class=\"t_2 m0_2 x236 hb_2 ydb9 ff2_2 fs7_2 fc1_2 sc0_2 lse_2 ws194_1\">Euro<span class=\"__2 _203\"></span>pe</td><td class=\"t_2 m0_2 x64e hb_2 ydba ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\"> C<span class=\"__2 _203\"></span>ana<span class=\"__2 _203\"></span>da<span class=\"__2 _203\"></span>, Mexico, </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x65f hb_2 ydbb ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws1b5\">India, <span class=\"__2 _b3_2\"> </span>Philippines,  </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t_2 m0_2 x2c4 hb_2 ydbc ff2_2 fs7_2 fc1_2 sc0_2 ls47_2 ws181_1\">Other<span class=\"__2 _25f\"> </span></td><td class=\"t_2 m0_2 x65f hb_2 ydbc ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">Banglad<span class=\"__2 _203\"></span>esh, New </td><td></td><td class=\"c_1 n_1 x698 ydbd w508 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">1<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>85<span class=\"__2 _203\"></span>3<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x699 ydbd w509 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls39_2 ws172_2\">21,<span class=\"__2 _203\"></span>588<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69a ydbd w160_1 h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws0_2\">-<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69b ydbd w2ae h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls60_2 ws57_2\">437<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69c ydbd w50a h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls4f_2 ws187_1\">2<span class=\"__2 _203\"></span>3<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>878<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69d ydbd w50b h60\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya79 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">3<span class=\"__2 _205\"></span>.<span class=\"__2 _203\"></span>41%<span class=\"__2 _25f\"> </span></div></td></tr><tr><td></td><td class=\"t_2 m0_2 x666 hb_2 ydbe ff2_2 fs7_2 fc1_2 sc0_2 ls0_2 ws188_1\">Zeala<span class=\"__2 _203\"></span>nd<span class=\"__2 _203\"></span>, <span class=\"__2 _215\"> </span>B<span class=\"__2 _203\"></span>razil,  </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t_2 m0_2 x667 hb_2 ydbf ff2_2 fs7_2 fc1_2 sc0_2 lsc_2 ws55_2\">Australia<span class=\"__2 _25f\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c_1 n_1 x2c1 yae1 w4e8 h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls5e_2 ws197_1\">To<span class=\"__2 _205\"></span>t<span class=\"__2 _205\"></span>a<span class=\"__2 _212\"></span>l<span class=\"__2 _25f\"> </span></div></td><td></td><td></td><td class=\"c_1 n_1 x69e yae1 w37f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls4b_2 ws30_2\">153,<span class=\"__2 _203\"></span>325<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x69f yae1 w4af h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">5<span class=\"__2 _203\"></span>07<span class=\"__2 _200\"></span>,<span class=\"__2 _203\"></span>075<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a0 yae1 w50c h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6b_2 ws1a2_1\">21<span class=\"__2 _205\"></span>,1<span class=\"__2 _205\"></span>07<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a1 yae1 w50d h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls6_2 ws3d_2\">19<span class=\"__2 _203\"></span>,<span class=\"__2 _203\"></span>413<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a2 yae1 w50e h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls49_2 ws14_2\">700,920<span class=\"__2 _25f\"> </span></div></td><td class=\"c_1 n_1 x6a3 yae1 w50f h61\"><div class=\"t_2 m0_2 x13f_1 hb_2 ya96 ff2_2 fs7_2 fc1_2 sc0_2 ls51_2 ws189_1\">100.00%<span class=\"__2 _25f\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "Multitude Group",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "In view of the above, the Group assessed and is hereby presenting the sensitivity analysis in respect of its exposures as at 31 December, estimated by determining the range of credit loss allowances which would have been measured by assigning a 100% weighting to each of the three macroeco- nomic scenarios developed as presented in the tables below. (Decrease) / increase in (Decrease) / increase in ECL 2023 ECL 2022 100% Baseline, EUR \u2019000 (262) (244) 100% Downside, EUR \u2019000 7,618 6,937 100% Upside, EUR \u2019000 (6,832) (6,204) The following tables provide information about the credit quality of cash and cash equivalents. The credit quality of them is determined by credit ratings applicable to counterparties based on external ratings published by reputable credit rating agencies. Stage 1 2023, EUR \u201900 12-month ECL Balances with Central Banks A+ to A-   210,030 Gross carrying amount  210,030 Loss allowance - Carrying amount \u2013 net of loss allowance 210,030 Stage 1 2022, EUR \u2019000 12-month ECL Balances with Central Banks A+ to A-   66,808 66,808 Gross carrying amount  - Loss allowance Carrying amount \u2013 net of loss allowance 66,808 As at 31 December 2023 and 2022, expected credit loss allowances in respect of balances with the  Central Banks (which are assumed to have the same credit quality as the Government of Malta, Government of Lithuania, Government of Czechia and Government of Sweden) were deemed to be insignificant. Stage 1 2023, EUR \u2019000 12-month ECL Balances with other banks A+ to A- 1,558 BBB+ to BBB- 11,344 BB+ to BB- 59 Unrated 60,721 Gross carrying amount  73,682 Loss allowance - 73,682 Carrying amount \u2013 net of loss allowance Stage 1 2022, EUR \u2019000 12-month ECL Balances with other banks A+ to A-   3,795 BBB+ to BBB- 4,478 BB+ to BB- 241 Unrated 78,003 Gross carrying amount   86,517 Loss allowance - 86,517 Carrying amount \u2013 net of loss allowance The table below shows the Group\u2019s gross outstanding loans to customers balances, risk grading, and basis for ECL recognition and measurement as at the years ended 31 December: Days past due* Risk grade Category Basis for ECL Lower Upper UTP 2023 2022 range range Regular Performing Stage 1 (12-month 0 to 30 - 532,234 464,238 ECL) Watch UnderperformingStage 2 (lifetime 31 - 45 31 - 60 - 26,955 20,755 ECL) Substandard UnderperformingStage 2 (lifetime 46 - 60 61 - 90 - 17,309 14,862 ECL) Doubtful Non-performingStage 3 (lifetime 61 - 180 91 - 180 Yes 21,661 24,868 ECL) Loss Non-performingStage 3 (lifetime More than 180 days - 92,458 95,072 ECL) Total 690,617 619,794 *Lower and upper ranges of days past due are based on DPD thresholds of 60 and 90 days, respectively, to be considered as non-performing . The table below summarises the Group's movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 464,238 35,617 119,939 619,794 Transfers in between stages: Transfers out of Stage 1 (48,992) 20,086 28,906 - Transfers out of Stage 2 3,171 (12,861) 9,690 - Total changes from transfers in between Stages (45,821) 7, 225 38,596 - Other changes in gross loans to customers New loans originated during the year 777,408 40,590 65,294 883,292 Loans derecognised during the year (663,086) (39,110) (101,137) (803,334) Write-offs - - (8,397) (8,397) Changes in forex and other movements (505) (57) (176) (739) Net changes in gross loans to customers 67,996 8,647 (5,821) 70,823 Gross loans to customers as at 31 December 2023 532,234 44,264 114,119 690,617 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 27,337 11,024 74,359 112,719 Transfers in between stages: Transfers out of Stage 1 (3,275) 1,292 1,983 - Increase (decrease) due to transfers out of Stage 1 - 5,089 13,675 18,764 Transfers out of Stage 2 854 (3,837) 2,984 (0) Increase (decrease) due to transfers out of Stage 2 (552) - 2,957 2,405 Increase (decrease) due to changes in DPD buckets 448 36 9,492 9,976 Total changes from transfers in between Stages (2,525) 2,580 31,090 31,145 Other changes in loss allowances: New financial assets originated during the year 44,413 13,296 31,479 89,187 Financial assets derecognised during the year (38,822) (12,540) (63,517) (114,879) Write-offs - - (8,397) (8,397) Remeasurements from changes in model 908 22 4,094 5,025 Unwind of discount - - 46 46 Changes in forex and other movements (29) (20) (129) (178) Net changes in loss allowances 3,945 3,337 (5,334) 1,949 Loss allowances as at 31 December 2023 31,282 14,361 69,025 114,669 Impaired loan coverage ratio (\"ICLR\") 5.88% 32.44% 60.49% 16.60 % The table below summarises the Group's movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 394,447 29,623 149,637 573,708 Transfers in between stages: Transfers out of Stage 1 (47,743) 14,126 33,618 - Transfers out of Stage 2 3,029 (11,640) 8,610 - Total changes from transfers in between Stages (44,714) 2,486 42,228 - Other changes in gross loans to customers New loans originated during the year 736,697 36,481 68,225 841,404 Loans derecognised during the year (613,537) (32,294) (123,464) (769,295) Write-offs - - (15,006) (15,006) Changes in forex and other movements (8,655) (680) (1,681) (11,016) Net changes in gross loans to customers 69,791 5,993 (29,698) 46,087 Gross loans to customers as at 31 December 2022 464,238 35,617 119,939 619,794 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 22,744 8,806 92,595 124,145 Transfers in between stages: Transfers out of Stage 1 (3,349) 824 2,525 - Increase (decrease) due to transfers out of Stage 1 - 3,387 14,069 17,455 Transfers out of Stage 2 795 (3,433) 2,638 - Increase (decrease) due to transfers out of Stage 2 (540) - 2,607 2,067 Increase (decrease) due to changes in DPD buckets 777 65 7,641 8,484 Total changes from transfers in between Stages (2,317) 843 29,480 28,006 Other changes in loss allowances: New financial assets originated during the year 46,663 11,806 34,539 93,009 Financial assets derecognised during the year (39,136) (9,976) (67,668) (116,781) Write-offs - - (15,006) (15,006) Remeasurements from changes in model (153) (286) 678 239 Unwind of discount - - 480 480 Changes in forex and other movements (465) (169) (740) (1,373) Net changes in loss allowances 4,592 2,218 (18,236) (11,426) Loss allowances as at 31 December 2022 27,337 11,024 74,359 112,719 Impaired loan coverage ratio (\"ICLR\") 5.89% 30.95% 62.00% 18.19% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the Ferratum business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 269,856 26,602 85,698 382,156 Transfers in between stages: Transfers out of Stage 1 (26,484) 12,970 13,514 - Transfers out of Stage 2 2,429 (7,433) 5,004 - Total changes from transfers in between Stages (24,055) 5,537 18,518 - Other changes in gross loans to customers New loans originated during the year 593,759 35,297 55,896 684,952 Loans derecognised during the year (518,736) (34,071) (85,550) (638,357) Write-offs - - (5,878) (5,878) Changes in forex and other movements (563) (59) (187) (809) Net changes in gross loans to customers 50,405 6,704 ( 17, 201) 39,908 Gross loans to customers as at 31 December 2023 320,261 33,306 68,497 422,064 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 19,969 8,417 56,057 84,442 Transfers in between stages: Transfers out of Stage 1 (2,041) 948 1,093 - Increase (decrease) due to transfers out of Stage 1 - 3,158 6,369 9,527 Transfers out of Stage 2 639 (2,145) 1,506 - Increase (decrease) due to transfers out of Stage 2 (415) - 1,744 1,329 Increase (decrease) due to changes in DPD buckets 77 28 5,410 5,515 Total changes from transfers in between Stages (1,739) 1,989 16,121 16,372 Other changes in loss allowances: New financial assets originated during the year 36,978 11,737 26,788 75,502 Financial assets derecognised during the year (31,670) (11,429) (56,006) (99,105) Write-offs - - (5,878) (5,878) Remeasurements from changes in model (390) (20) 3,618 3,209 Unwind of discount - - 462 462 Changes in forex and other movements (31) (20) (136) (187) Net changes in loss allowances 3,149 2,258 (15,030) (9,624) Loss allowances as at 31 December 2023 23,117 10,674 41,027 74,818 Impaired loan coverage ratio (\"ICLR\") 7. 22% 32.05% 59.90% 17.73 % The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the Ferratum business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 237,686 24,835 117,995 380,516 Transfers in between stages: Transfers out of Stage 1 (26,403) 9,719 16,684 - Transfers out of Stage 2 2,752 (8,573) 5,821 - Total changes from transfers in between Stages (23,651) 1,146 22,505 - Other changes in gross loans to customers New loans originated during the year 548,736 30,916 56,323 635,975 Loans derecognised during the year (486,757) (29,719) (94,893) (611,370) Write-offs - - (15,197) (15,197) Changes in forex and other movements (6,158) (576) (1,034) (7,768) Net changes in gross loans to customers 32,170 1,767 (32,297) 1,640 Gross loans to customers as at 31 December 2022 269,856 26,602 85,698 382,156 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 17,737 7,570 73,134 98,440 Transfers in between stages: Transfers out of Stage 1 (2,388) 656 1,733 - Increase (decrease) due to transfers out of Stage 1 - 2,286 6,650 8,936 Transfers out of Stage 2 736 (2,673) 1,938 - Increase (decrease) due to transfers out of Stage 2 (496) - 1,750 1,254 Increase (decrease) due to changes in DPD buckets 460 9 6,121 6,590 Total changes from transfers in between Stages (1,689) 277 18,193 16,780 Other changes in loss allowances: New financial assets originated during the year 36,199 10,109 28,999 75,307 Financial assets derecognised during the year (31,447) (9,111) (49,855) (90,414) Write-offs - - (15,197) (15,197) Remeasurements from changes in model (459) (290) 485 (264) Unwind of discount - - 649 649 Changes in forex and other movements (372) (137) (349) (858) Net changes in loss allowances 2,232 847 ( 17,077) (13,997) Loss allowances as at 31 December 2022 19,969 8,417 56,057 84,442 Impaired loan coverage ratio (\"ICLR\") 7.40% 31.64% 65.41% 22.10% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the SweepBank business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 111,412 5,838 19,912 137,162 Transfers in between stages: Transfers out of Stage 1 (13,615) 4,455 9,160 - Transfers out of Stage 2 500 (3,442) 2,941 - Total changes from transfers in between Stages (13,114) 1,013 12,101 - Other changes in gross loans to customers New loans originated during the year 70,570 2,632 5,284 78,486 Loans derecognised during the year (55,210) (2,662) (7,321) (65,193) Write-offs - - (664) (664) Changes in forex and other movements 12 1 11 24 Net changes in gross loans to customers 2,258 983 9,411 12,652 Gross loans to customers as at 31 December 2023 113,670 6,821 29,323 149,814 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 4,062 1,336 9,598 14,997 Transfers in between stages: Transfers out of Stage 1 (702) 191 511 - Increase (decrease) due to transfers out of Stage 1 - 1,342 4,503 5,844 Transfers out of Stage 2 118 (925) 807 - Increase (decrease) due to transfers out of Stage 2 (63) - 935 872 Increase (decrease) due to changes in DPD buckets 240 6 3,218 3,465 Total changes from transfers in between Stages (407) 614 9,974 10,181 Other changes in loss allowances:  -   New financial assets originated during the year 2,504 835 2,714 6,053 Financial assets derecognised during the year (2,471) (667) (3,229) (6,367) Write-offs - - (664) (664) Remeasurements from changes in model 1,452 43 243 1,739 Unwind of discount - - (243) (243) Changes in forex and other movements 1 - 7 7 Net changes in loss allowances 1,079 825 8,801 10,705 Loss allowances as at 31 December 2023 5,141 2,161 18,400 25,702 Impaired loan coverage ratio (\"ICLR\") 4.52% 31.69% 62.75% 17.16% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the SweepBank business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 80,666 2,114 12,490 95,270 Transfers in between stages: Transfers out of Stage 1 (12,143) 2,829 9,314 - Transfers out of Stage 2 248 (1,770) 1,521 - Total changes from transfers in between Stages (11,895) 1,059 10,836 - Other changes in gross loans to customers New loans originated during the year 84,274 3,087 6,804 94,165 Loans derecognised during the year (40,964) (383) (9,589) (50,936) Write-offs - - (379) (379) Changes in forex and other movements (670) (38) (250) (957) Net changes in gross loans to customers 30,746 3,725 7,422 41,893 Gross loans to customers as at 31 December 2022 111,412 5,838 19,912 137,162 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 3,103 436 6,334 9,872 Transfers in between stages: Transfers out of Stage 1 (562) 108 454 - Increase (decrease) due to transfers out of Stage 1 - 585 3,817 4,402 Transfers out of Stage 2 51 (364) 313 - Increase (decrease) due to transfers out of Stage 2 (36) - 497 460 Increase (decrease) due to changes in DPD buckets 176 6 859 1,040 Total changes from transfers in between Stages (371) 335 5,939 5,903 Other changes in loss allowances: New financial assets originated during the year 2,957 812 3,057 6,826 Financial assets derecognised during the year (1,574) (242) (5,097) (6,913) Write-offs - - (379) (379) Remeasurements from changes in model (25) 4 51 29 Unwind of discount - - (185) (185) Changes in forex and other movements (27) (8) (120) (156) Net changes in loss allowances 959 900 3,265 5,125 Loss allowances as at 31 December 2022 4,062 1,336 9,598 14,997 Impaired loan coverage ratio (\"ICLR\") 3.65% 22.89% 48.20% 10.93% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the Capital Box business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 82,970 3,177 14,329 100,476 Transfers in between stages: Transfers out of Stage 1 (8,893) 2,662 6,232 - Transfers out of Stage 2 242 (1,986) 1,744 - Total changes from transfers in between Stages (8,651) 675 7,976 - Other changes in gross loans to customers New loans originated during the year 113,079 2,661 4,114 119,854 Loans derecognised during the year (89,140) (2,377) (8,266) (99,784) Write-offs - - (1,854) (1,854) Changes in forex and other movements 45 1 - 46 Net changes in gross loans to customers 15,333 961 1,969 18,263 Gross loans to customers as at 31 December 2023 98,303 4,137 16,298 118,739 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 3,305 1,271 8,704 13,280 Transfers in between stages: Transfers out of Stage 1 (532) 154 379 - Increase (decrease) due to transfers out of Stage 1 - 589 2,803 3,392 Transfers out of Stage 2 96 (768) 671 - Increase (decrease) due to transfers out of Stage 2 (74) - 278 204 Increase (decrease) due to changes in DPD buckets 131 2 864 997 Total changes from transfers in between Stages (379) (23) 4,995 4,593 Other changes in loss allowances: - - - - New financial assets originated during the year 4,930 724 1,978 7,632 Financial assets derecognised during the year (4,681) (444) (4,282) (9,407) Write-offs - - (1,854) (1,854) Remeasurements from changes in model (154) (2) 232 77 Unwind of discount - - (174) (174) Changes in forex and other movements 2 - - 1 Net changes in loss allowances (282) 255 895 868 Loss allowances as at 31 December 2023 3,023 1,526 9,599 14,148 Impaired loan coverage ratio (\"ICLR\") 3.08% 36.88% 58.90% 11.92% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the Capital Box business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 68,269 2,675 19,152 90,096 Transfers in between stages: Transfers out of Stage 1 (9,197) 1,578 7,619 - Transfers out of Stage 2 28 (1,297) 1,268 - Total changes from transfers in between Stages (9,168) 281 8,888 - Other changes in gross loans to customers - - - New loans originated during the year 104,717 2,568 5,211 112,496 Loans derecognised during the year (79,021) (2,281) (19,094) (100,396) Write-offs - - 571 571 Changes in forex and other movements (1,827) (66) (398) (2,291) Net changes in gross loans to customers 14,701 502 (4,823) 10,380 Gross loans to customers as at 31 December 2022 82,970 3,177 14,329 100,476 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 1,905 800 13,128 15,833 Transfers in between stages: Transfers out of Stage 1 (399) 60 339 - Increase (decrease) due to transfers out of Stage 1 - 516 3,601 4,117 Transfers out of Stage 2 8 (395) 387 - Increase (decrease) due to transfers out of Stage 2 (7) - 360 353 Increase (decrease) due to changes in DPD buckets 115 - 862 977 Total changes from transfers in between Stages (283) 181 5,549 5,447 Other changes in loss allowances: New financial assets originated during the year 7,507 885 2,484 10,876 Financial assets derecognised during the year (6,088) (572) (12,917) (19,577) Write-offs - - 571 571 Remeasurements from changes in model 331 - 142 473 Unwind of discount - - 16 16 Changes in forex and other movements (66) (23) (270) (359) Net changes in loss allowances 1,401 471 (4,424) (2,553) Loss allowances as at 31 December 2022 3,305 1,271 8,704 13,280 Impaired loan coverage ratio (\"ICLR\") 3.98% 40.01% 60.74% 13.22% The table below shows the gross outstanding loans to customers balances, loss allowance, and basis for ECL recognition and measurement for the years 2023 and 2022 for modified loan con- tracts (as a forbearance and also as a change in estimated expected cash flows included in terms and conditions): 31 December 2023 31 December 2022 Basis for ECL Gross carrying Gross carrying ECL ECL amount amount Stage 1 101,015 6,319 87,396 5,543 Stage 2 10,625 3,344 7,090 2,169 Stage 3 6,231 2,828 6,959 2,997 Total 117,870 12,492 101,444 10,709 The Group\u2019s modified gross outstanding loans to customers are analysed by geographical location for the years 2023 and 2022 as follows: EUR \u2019000 2023 amount 2023 % 2022 amount 2022 % Finland 22,814 19.4% 19,529 19.3% Northern Europe 69,178 58.7% 53,437 52.7% Western Europe 3,722 3.2% 3,800 3.7% Eastern Europe 22,156 18.8% 24,679 24.3% Total 117,870 100.0% 101,444 100.0% In cases where the Group grants specific modifications (not included in the original terms and conditions) to customers whom the Group assesses as experiencing financial difficulties, then these exposures are marked as forborne in line with the Group\u2019s policies in relation to forbearance. As at 31 December 2023, total loans which were identified as forborne amounted to EUR 2.4 million on which a total ECL of EUR 0.8 million was accounted for . 31 December 2023 31 December 2022 Basis for ECL Gross carrying Gross carrying ECL ECL amount amount Stage 1 27 3 2 1 Stage 2 1,837 558 4 2 Stage 3 586 269 47 35 Total 2,450 830 53 38 The table below shows an increase in ECL due to modification of original terms and conditions as per the forbearance definition that are included in the impairment loss on loans to customers in 2023. EUR \u2019000 Not Modified ECL Modified ECL Change Stage 1 128 3 (125) Stage 2 133 558 425 Stage 3 140 269 129 Grand Total 401 830 429 The table below summarise the balances for loss allowance for loans to related parties reported in other financial assets for the years ended and as at 31 December 2023: Stage 1 2023, EUR \u2019000 12-month ECL Loans to related parties - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 10,096 Gross carrying amount  10,096 Loss allowance (48) Carrying amount \u2013 net of loss allowance 10,048 The table below summarise the balances for loss allowance for loans to related parties reported in other financial assets for the years ended and as at 31 December 2022: Stage 1 2022, EUR \u2019000 12-month ECL Loans to related parties - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 8,379 Gross carrying amount  8,379 Loss allowance (241) Carrying amount \u2013 net of loss allowance 8,138 The table below summarise the balances for loss allowance for debt investments for the year ended and as at 31 December 2023: Stage 1 2023, EUR \u2019000 12-month ECL Debt investments A+ to A- - BBB+ to BBB- - BB+ to BB- - Unrated 62,147 Gross carrying amount  62,147 Loss allowance (33) Carrying amount \u2013 net of loss allowance 62,114 The table below summarise the balances for loss allowance for debt investments for the year ended and as at 31 December 2022: Stage 1 2022, EUR \u2019000 12-month ECL Debt investments - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 21,107 Gross carrying amount  21,107 Loss allowance - Carrying amount \u2013 net of loss allowance 21,107 Reconciliation of EBIT reported to CODM to consolidated profit before income taxes: EUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 Reconciliation of impairment loss on loans to customers to changes in loss allowances The following table shows the breakdown of movement in loss allowances with reconciliation to profit or loss for 2023. LOSS ALLOWANCES Stage 1 Stage 2 Stage 3 Total Loss allowances as at 1 January 2023 27, 337 11,023 74,359 112,719 Transfers in between stages:    Transfers out of Stage 1 (3,275) 1,292 1,983 - Increase due to transfers out of Stage 1 - 5,089 13,675 18,764 Transfers out of Stage 2 854 (3,838) 2,984 - Increase (decrease) due to transfers out of Stage 2 (552) - 2,956 2,404 Increase due to changes in DPD buckets 448 36 9,492 9,976 Total net changes from transfers in between Stages (2,525) 2,579 31,090 31,144 Other changes in loss allowances: Net remeasurement of ECLs (12,156) (3,927) (19,888) (35,971) New financial assets originated during the year 44,413 13,296 31,479 89,188 Remeasurements from changes in model 908 22 4,094 5,024 Unwind of discount - - 46 46 Changes in forex and other movements (29) (20) (129) (178) Net changes in loss allowances recognised 30,611 11,950 46,692 89,253 through profit or loss statement Financial assets derecognised during the year (26,666) (8,611) (43,629) (78,906) Write-offs - - (8,397) (8,397) Net changes in loss allowances 3,945 3,339 (5,334) 1,950 Loss allowances as at 31 December 2023 31,282 14,362 69,025 114,669 The following table shows the breakdown of movement in loss allowances with reconciliation to profit or loss for 2022. LOSS ALLOWANCES Stage 1 Stage 2 Stage 3 Total Loss allowances as at 1 January 2022 22,744 8,806 92,595 124,145 Transfers in between stages: Transfers out of Stage 1 (3,349) 824 2,525 - Increase due to transfers out of Stage 1 - 3,387 14,069 17,455 Transfers out of Stage 2 795 (3,433) 2,638 - Increase (decrease) due to transfers out of Stage 2 (540) - 2,607 2,067 Increase due to changes in DPD buckets 777 65 7,641 8,484 Total net changes from transfers in between Stages (2,317) 843 29,480 28,006 Other changes in loss allowances: Net remeasurement of ECLs (11,969) (3,051) (20,695) (35,715) New financial assets originated during the year 46,663 11,806 34,539 93,009 Remeasurements from changes in model (153) (286) 678 239 Unwind of discount - - 480 480 Changes in forex and other movements (465) (169) (740) (1,373) Net changes in loss allowances recognised 31,759 9,143 43,742 84,646 through profit or loss statement Financial assets derecognised during the year (27,168) (6,925) (46,973) (81,066) Write-offs - - (15,006) (15,006) Net changes in loss allowances 4,591 2,218 (18,237) (11,426) Loss allowances as at 31 December 2022  27,335   11,024   74,358   112,719 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "tions which hold the Group\u2019s cash and cash equivalents. To manage this risk the Group diversifies its deposits amongst 292 bank accounts in 24 countries.  The table below shows the amount of cash and cash equivalents deposited in various bank   accounts, grouped based on Fitch\u2019s credit ratings for the years ended 31 DecemberEUR \u2019000 2023 2022 AAA 6,734 6,988 AA - - AA- 593 2,364 A+ 358 31,911 A 175,759 41,776 A- 40,045 24,309 BBB+ 25,125 5,919 BBB 50 680 BBB- 6,610 3,161 BB+ 59 300 BB 210 - BB- - - B - 29 B- - - No rating available 28,169 35,887 Total 283,712 153,325 The above-mentioned balances include amounts deposited with central banks and other banks. 2023 2022 EUR \u2019000 Balances with Central Banks: 210,030 66,808 Balance with the Central Bank of Czechia 293 474 Balance with the Central Bank of Malta 171,320 37,045 Balance with the Central Bank of Lithuania 31,683 22,301 Balance with the Central Bank of Sweden 6,734 6,988 Balances with other banks 73,682 86,517 283,712 153,325 Total The balances with the Central Bank of Malta include a reserve deposit amounting to EUR 4.5 million (2022: EUR 3.8 million) held in terms of Regulation (EC) No. 1745/2003 of the European Central Bank . EUR \u2019000 2023 2022 Balances with other banks (repayable on call and at short 36,074 27, 356 notice) held by Multitude Bank In the ordinary course of business, the Group places funds and carries out transactions through correspondent accounts with high credit quality local listed banks and international banks with a good credit rating, subject to the operational requirements and the application of a limit frame- work. Accordingly, such exposures are monitored through the practical use of exposure limits. In certain countries, the Group had to utilise unrated financial institutions due to operational con- straints within such countries, in view of the profile of the banking sector in those territories. The  Group would carry out a comprehensive due diligence on such banks, prior to engaging with them,  and on an event-driven basis throughout the term of the relationship. At 31 December 2023, balances with other banks consisted primarily of immediately withdrawable nostro balances and term placements maturing within one month. The Group risks losing of funds due to the possible political, economic and other events in a particular country where funds have been placed or invested with several counterparties domi- ciled in the same country or region. Countries are assessed according to their size, economic data and prospects together with credit ratings issued by international rating agencies. Existing country credit risk exposures, based on groupings of individual counterparties, are monitored and reviewed periodically. The Group\u2019s assets are predominantly in Europe.  At the end of the reporting periods in 2023 and 2022, none of the financial assets referred to were past due or impaired.  The following tables provide information about the credit quality of cash and cash equivalents. The credit quality of them is determined by credit ratings applicable to counterparties based on external ratings published by reputable credit rating agencies. Stage 1 2023, EUR \u201900 12-month ECL Balances with Central Banks A+ to A-   210,030 Gross carrying amount  210,030 Loss allowance - Carrying amount \u2013 net of loss allowance 210,030 Stage 1 2022, EUR \u2019000 12-month ECL Balances with Central Banks A+ to A-   66,808 66,808 Gross carrying amount  - Loss allowance Carrying amount \u2013 net of loss allowance 66,808 In this regard, the Government of Malta and Government of Lithuania as at 31 December 2023 had both a rating of A2, as issued by Moody\u2019s on 18 November 2022 and 29 April 2022, respectively. (2022: A2) The Government of Sweden as at 31 December 2023 had a rating of AAA as issued by Moody\u2019s on 25 March 2022 (2022: AAA). The Government of Czechia as at 31 December 2023 had a rating of AA3 as issued by Moody\u2019s on 5 August 2022 (2022: AA3). The respective Fitch rating for the Government of Malta is A+, the Government of Lithuania is A, the Government of Sweden is AAA and the Government of Czechia is AA-. As at 31 December 2023 and 2022, expected credit loss allowances in respect of balances with the Central Banks (which are assumed to have the same credit quality as the Government of Malta, Government of Lithuania, Government of Czechia and Government of Sweden) were deemed to be insignificant. Stage 1 2023, EUR \u2019000 12-month ECL Balances with other banks A+ to A- 1,558 BBB+ to BBB- 11,344 BB+ to BB- 59 Unrated 60,721 Gross carrying amount  73,682 Loss allowance - 73,682 Carrying amount \u2013 net of loss allowance Stage 1 2022, EUR \u2019000 12-month ECL Balances with other banks A+ to A-   3,795 BBB+ to BBB- 4,478 BB+ to BB- 241 Unrated 78,003 Gross carrying amount   86,517 Loss allowance - 86,517 Carrying amount \u2013 net of loss allowance After the end of the reporting period, there were no significant changes in credit ratings reflected in the tables above which have a material impact on the credit quality of the financial assets . The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Following table shows credit concentration of the Group by geographic regions as at 31 December 2023: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2023 Country equivalents assets assets of Finland 17,184 109,779 15,057 13,879 155,900 16.56% domicile Sweden, Northern Denmark, Norway, 3,248 231,863 - 173 235,284 25.00% Europe UK Germany, The Western Netherlands, 11,329 46,992 10,225 185 68,732 7.30% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Bulgaria, 4,015 180,776 21,410 373 206,574 21.95% Europe Lithuania, Slovakia, Slovenia, Southern Poland Malta, Cyprus 246,177 - 15,421 4,103 265,702 28.23% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,758 6,537 - 722 9,018 0.96% Zealand,  Brazil,  Australia Total 283,712 575,948 62,114 19,436 941,210 100.00% Following table shows credit concentration of the Group by geographic regions as at 31 December 2022: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2022 equivalents assets assets Country Finland 29,973 106,273 - 12,792 149,038 21.26% of domicile Northern  Sweden, Europe Denmark, 4,656 186,080 - 454 191,190 27. 28% Norway, UK Germany, The Western Netherlands, 11,760 54,009 - 139 65,908 9.40% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Europe Bulgaria, 7,895 138,896 10,879 973 158,642 22.63% Lithuania, Slovakia, Southern Slovenia, Poland Malta, Cyprus 97,18 8 229 10,229 4,618 112,264 16.02% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,853 21,588 - 437 23,878 3.41% Zealand,  Brazil,  Australia Total 153,325 507,075 21,107 19,413 700,920 100.00% The table below shows, at the level of the whole Group, in which currencies the monetary items are mainly held or issued and sensitivity analysis as at 31 December 2023. EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK RON Financial assets at amortised cost: Loans to customers 1,360 191 146,026 11,232 6,017 7, 276 77,837 7,278 Cash and cash equivalents 1,670 725 18,390 2,115 210 1,502 4,144 5,570 Total 3,030 915 164,417 13,347 6,227 8,778 81,982 12,848 Intercompany loans - - 20,275 - 2,403 - - - Notional of derivative financial instrument - 622 150,732 16,179 - 8,763 - 4,058 Residual exposure 3,030 293 33,960 (2,832) 8,630 15 81,982 8,790 Currency up by 10% 303 29 3,396 (283) 863 1 8,198 879 Currency down by 10% (303) (29) (3,396) 283 (863) (1) (8,198) (879) The table below shows exposure to the majority of foreign currency denominated monetary items at consolidated level, the hedging coverage from foreign currency forward contracts and sensitiv- ity analysis as at 31 December 2022: EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK HRK RON Financial assets at amortised cost: Loans to customers 971 1,082 100,661 10,644 6,063 5,870 58,982 4,869 6,214 Cash and cash equivalents 2,273 468 16,598 5,012 624 2,176 4,222 65 1,872 Total 3,243 1,550 117, 259 15,656 6,687 8,046 63,204 4,934 8,086 Intercompany loans - 19,350 20,198 2,480 3,079 - - - 29 Notional of derivative financial instrument - 1,816 127,417 15,276 - 8,427 - - 4,049 Residual exposure 3,243 19,084 10,040 2,860 9,765 (381) 63,204 4,934 4,066 Currency up by 10% 324 1,908 1,004 286 977 (38) 6,320 493 407 Currency down by 10% (324) (1,908) (1,004) (286) (977) 38 (6,320) (493) (407) Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 The carrying amounts, grouped by liquidity and interest characteristics, of the Group's costs of capital as compared to cash and cash equivalents (\"net debt\"), and the movements for the years ended and as at 31 December are as follows: EUR \u2019000 2023 2022 Cash and cash equivalents 283,712 153,325 Gross debt, due within 1 year (484,523) (422, 392) Gross debt, due after 1 year (295,632) (128,401) Perpetual bonds with no maturity date (45,000) (50,000) Net debt (541,443) (447,468) Cash and cash equivalents 283,712 153,325 Gross debt - fixed interest rates (715,319) (499,964) Gross debt - floating interest rates (98,688) (94,517) Gross debt - non-interest bearing (11,148) (6,313) Net debt (541,443) (447,469) EUR \u2018000 CashGross debt, Gross debt, Perpetual Net debt and cash due within 1 due after 1 bonds equivalents year year AS AT 1 JANUARY 2022 301,592 (486,342) (141,772) (50,000) (376,522) Proceeds from debt securities - 87,072 - - 87,072 Repayment of debt securities - (182,150) - - (182,150) Net decrease in deposits from customers - 159,028 13,371 - 172,399 Net decrease in cash and cash (144,338) - - - (144,338) equivalents Foreign exchange adjustments (3,929) - - - (3,929) AT 31 DECEMBER 2022 153,325 (422 , 392) (128,401) (50,000) (447,468) Repayment of perpetual bonds - - - 5,000 5,000 Net increase in deposits from customers - (62,131) (167, 231) - (229,362) Net increase in cash and cash 130,541 - - - 130,541 equivalents Foreign exchange adjustments (154) - - - (154) AT 31 DECEMBER 2023 283,712 (484, 523) (295,632) (45,000) (541,443) 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 ",
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    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  },
  "fact-454": {
   "value": "To manage this risk the Group diversifies its deposits amongst 292 bank accounts in 24 countries.  The table below shows the amount of cash and cash equivalents deposited in various bank   accounts, grouped based on Fitch\u2019s credit ratings for the years ended 31 December: EUR \u2019000 2023 2022 AAA 6,734 6,988 AA - - AA- 593 2,364 A+ 358 31,911 A 175,759 41,776 A- 40,045 24,309 BBB+ 25,125 5,919 BBB 50 680 BBB- 6,610 3,161 BB+ 59 300 BB 210 - BB- - - B - 29 B- - - No rating available 28,169 35,887 Total 283,712 153,325 The above-mentioned balances include amounts deposited with central banks and other banks. 2023 2022 EUR \u2019000 Balances with Central Banks: 210,030 66,808 Balance with the Central Bank of Czechia 293 474 Balance with the Central Bank of Malta 171,320 37,045 Balance with the Central Bank of Lithuania 31,683 22,301 Balance with the Central Bank of Sweden 6,734 6,988 Balances with other banks 73,682 86,517 283,712 153,325 Total The balances with the Central Bank of Malta include a reserve deposit amounting to EUR 4.5 million (2022: EUR 3.8 million) held in terms of Regulation (EC) No. 1745/2003 of the European Central Bank . EUR \u2019000 2023 2022 Balances with other banks (repayable on call and at short 36,074 27, 356 notice) held by Multitude Bank In the ordinary course of business, the Group places funds and carries out transactions through correspondent accounts with high credit quality local listed banks and international banks with a good credit rating, subject to the operational requirements and the application of a limit frame- work. Accordingly, such exposures are monitored through the practical use of exposure limits. In certain countries, the Group had to utilise unrated financial institutions due to operational con- straints within such countries, in view of the profile of the banking sector in those territories. The Group would carry out a comprehensive due diligence on such banks, prior to engaging with them,  and on an event-driven basis throughout the term of the relationship. At 31 December 2023, balances with other banks consisted primarily of immediately withdrawable nostro balances and term placements maturing within one month. The Group risks losing of funds due to the possible political, economic and other events in a particular country where funds have been placed or invested with several counterparties domi- ciled in the same country or region. Countries are assessed according to their size, economic data and prospects together with credit ratings issued by international rating agencies. Existing country credit risk exposures, based on groupings of individual counterparties, are monitored and reviewed periodically. The Group\u2019s assets are predominantly in Europe.  At the end of the reporting periods in 2023 and 2022, none of the financial assets referred to were past due or impaired.  The following tables provide information about the credit quality of cash and cash equivalents. The credit quality of them is determined by credit ratings applicable to counterparties based on external ratings published by reputable credit rating agencies. Stage 1 2023, EUR \u201900 12-month ECL Balances with Central Banks A+ to A-   210,030 Gross carrying amount  210,030 Loss allowance - Carrying amount \u2013 net of loss allowance 210,030 Stage 1 2022, EUR \u2019000 12-month ECL Balances with Central Banks A+ to A-   66,808 66,808 Gross carrying amount  - Loss allowance Carrying amount \u2013 net of loss allowance 66,808 In this regard, the Government of Malta and Government of Lithuania as at 31 December 2023 had both a rating of A2, as issued by Moody\u2019s on 18 November 2022 and 29 April 2022, respectively. (2022: A2) The Government of Sweden as at 31 December 2023 had a rating of AAA as issued by Moody\u2019s on 25 March 2022 (2022: AAA). The Government of Czechia as at 31 December 2023 had a rating of AA3 as issued by Moody\u2019s on 5 August 2022 (2022: AA3). The respective Fitch rating for the Government of Malta is A+, the Government of Lithuania is A, the Government of Sweden is AAA and the Government of Czechia is AA-. As at 31 December 2023 and 2022, expected credit loss allowances in respect of balances with the Central Banks (which are assumed to have the same credit quality as the Government of Malta, Government of Lithuania, Government of Czechia and Government of Sweden) were deemed to be insignificant. Stage 1 2023, EUR \u2019000 12-month ECL Balances with other banks A+ to A- 1,558 BBB+ to BBB- 11,344 BB+ to BB- 59 Unrated 60,721 Gross carrying amount  73,682 Loss allowance - 73,682 Carrying amount \u2013 net of loss allowance Stage 1 2022, EUR \u2019000 12-month ECL Balances with other banks A+ to A-   3,795 BBB+ to BBB- 4,478 BB+ to BB- 241 Unrated 78,003 Gross carrying amount   86,517 Loss allowance - 86,517 Carrying amount \u2013 net of loss allowance After the end of the reporting period, there were no significant changes in credit ratings reflected in the tables above which have a material impact on the credit quality of the financial assets . The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Following table shows credit concentration of the Group by geographic regions as at 31 December 2023: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2023 Country equivalents assets assets of Finland 17,184 109,779 15,057 13,879 155,900 16.56% domicile Sweden, Northern Denmark, Norway, 3,248 231,863 - 173 235,284 25.00% Europe UK Germany, The Western Netherlands, 11,329 46,992 10,225 185 68,732 7.30% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Bulgaria, 4,015 180,776 21,410 373 206,574 21.95% Europe Lithuania, Slovakia, Slovenia, Southern Poland Malta, Cyprus 246,177 - 15,421 4,103 265,702 28.23% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,758 6,537 - 722 9,018 0.96% Zealand,  Brazil,  Australia Total 283,712 575,948 62,114 19,436 941,210 100.00% Following table shows credit concentration of the Group by geographic regions as at 31 December 2022: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2022 equivalents assets assets Country Finland 29,973 106,273 - 12,792 149,038 21.26% of domicile Northern  Sweden, Europe Denmark, 4,656 186,080 - 454 191,190 27. 28% Norway, UK Germany, The Western Netherlands, 11,760 54,009 - 139 65,908 9.40% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Europe Bulgaria, 7,895 138,896 10,879 973 158,642 22.63% Lithuania, Slovakia, Southern Slovenia, Poland Malta, Cyprus 97,18 8 229 10,229 4,618 112,264 16.02% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,853 21,588 - 437 23,878 3.41% Zealand,  Brazil,  Australia Total 153,325 507,075 21,107 19,413 700,920 100.00% The table below shows, at the level of the whole Group, in which currencies the monetary items are mainly held or issued and sensitivity analysis as at 31 December 2023. EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK RON Financial assets at amortised cost: Loans to customers 1,360 191 146,026 11,232 6,017 7, 276 77,837 7,278 Cash and cash equivalents 1,670 725 18,390 2,115 210 1,502 4,144 5,570 Total 3,030 915 164,417 13,347 6,227 8,778 81,982 12,848 Intercompany loans - - 20,275 - 2,403 - - - Notional of derivative financial instrument - 622 150,732 16,179 - 8,763 - 4,058 Residual exposure 3,030 293 33,960 (2,832) 8,630 15 81,982 8,790 Currency up by 10% 303 29 3,396 (283) 863 1 8,198 879 Currency down by 10% (303) (29) (3,396) 283 (863) (1) (8,198) (879) The table below shows exposure to the majority of foreign currency denominated monetary items at consolidated level, the hedging coverage from foreign currency forward contracts and sensitiv- ity analysis as at 31 December 2022: EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK HRK RON Financial assets at amortised cost: Loans to customers 971 1,082 100,661 10,644 6,063 5,870 58,982 4,869 6,214 Cash and cash equivalents 2,273 468 16,598 5,012 624 2,176 4,222 65 1,872 Total 3,243 1,550 117, 259 15,656 6,687 8,046 63,204 4,934 8,086 Intercompany loans - 19,350 20,198 2,480 3,079 - - - 29 Notional of derivative financial instrument - 1,816 127,417 15,276 - 8,427 - - 4,049 Residual exposure 3,243 19,084 10,040 2,860 9,765 (381) 63,204 4,934 4,066 Currency up by 10% 324 1,908 1,004 286 977 (38) 6,320 493 407 Currency down by 10% (324) (1,908) (1,004) (286) (977) 38 (6,320) (493) (407) Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 The carrying amounts, grouped by liquidity and interest characteristics, of the Group's costs of capital as compared to cash and cash equivalents (\"net debt\"), and the movements for the years ended and as at 31 December are as follows: EUR \u2019000 2023 2022 Cash and cash equivalents 283,712 153,325 Gross debt, due within 1 year (484,523) (422, 392) Gross debt, due after 1 year (295,632) (128,401) Perpetual bonds with no maturity date (45,000) (50,000) Net debt (541,443) (447,468) Cash and cash equivalents 283,712 153,325 Gross debt - fixed interest rates (715,319) (499,964) Gross debt - floating interest rates (98,688) (94,517) Gross debt - non-interest bearing (11,148) (6,313) Net debt (541,443) (447,469) EUR \u2018000 CashGross debt, Gross debt, Perpetual Net debt and cash due within 1 due after 1 bonds equivalents year year AS AT 1 JANUARY 2022 301,592 (486,342) (141,772) (50,000) (376,522) Proceeds from debt securities - 87,072 - - 87,072 Repayment of debt securities - (182,150) - - (182,150) Net decrease in deposits from customers - 159,028 13,371 - 172,399 Net decrease in cash and cash (144,338) - - - (144,338) equivalents Foreign exchange adjustments (3,929) - - - (3,929) AT 31 DECEMBER 2022 153,325 (422 , 392) (128,401) (50,000) (447,468) Repayment of perpetual bonds - - - 5,000 5,000 Net increase in deposits from customers - (62,131) (167, 231) - (229,362) Net increase in cash and cash 130,541 - - - 130,541 equivalents Foreign exchange adjustments (154) - - - (154) AT 31 DECEMBER 2023 283,712 (484, 523) (295,632) (45,000) (541,443) 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 ",
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    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "en",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  "fact-455": {
   "value": "The table below shows the amount of cash and cash equivalents deposited in various bank   accounts, grouped based on Fitch\u2019s credit ratings for the years ended 31 December: EUR \u2019000 2023 2022 AAA 6,734 6,988 AA - - AA- 593 2,364 A+ 358 31,911 A 175,759 41,776 A- 40,045 24,309 BBB+ 25,125 5,919 BBB 50 680 BBB- 6,610 3,161 BB+ 59 300 BB 210 - BB- - - B - 29 B- - - No rating available 28,169 35,887 Total 283,712 153,325 The above-mentioned balances include amounts deposited with central banks and other banks. 2023 2022 EUR \u2019000 Balances with Central Banks: 210,030 66,808 Balance with the Central Bank of Czechia 293 474 Balance with the Central Bank of Malta 171,320 37,045 Balance with the Central Bank of Lithuania 31,683 22,301 Balance with the Central Bank of Sweden 6,734 6,988 Balances with other banks 73,682 86,517 283,712 153,325 Total The balances with the Central Bank of Malta include a reserve deposit amounting to EUR 4.5 million (2022: EUR 3.8 million) held in terms of Regulation (EC) No. 1745/2003 of the European Central Bank The following tables provide information about the credit quality of cash and cash equivalents. The credit quality of them is determined by credit ratings applicable to counterparties based on external ratings published by reputable credit rating agencies. Stage 1 2023, EUR \u201900 12-month ECL Balances with Central Banks A+ to A-   210,030 Gross carrying amount  210,030 Loss allowance - Carrying amount \u2013 net of loss allowance 210,030 Stage 1 2022, EUR \u2019000 12-month ECL Balances with Central Banks A+ to A-   66,808 66,808 Gross carrying amount  - Loss allowance Carrying amount \u2013 net of loss allowance 66,808 In this regard, the Government of Malta and Government of Lithuania as at 31 December 2023 had both a rating of A2, as issued by Moody\u2019s on 18 November 2022 and 29 April 2022, respectively. (2022: A2) The Government of Sweden as at 31 December 2023 had a rating of AAA as issued by Moody\u2019s on 25 March 2022 (2022: AAA). The Government of Czechia as at 31 December 2023 had a rating of AA3 as issued by Moody\u2019s on 5 August 2022 (2022: AA3). The respective Fitch rating for the Government of Malta is A+, the Government of Lithuania is A, the Government of Sweden is AAA and the Government of Czechia is AA-. As at 31 December 2023 and 2022, expected credit loss allowances in respect of balances with the  Central Banks (which are assumed to have the same credit quality as the Government of Malta, Government of Lithuania, Government of Czechia and Government of Sweden) were deemed to be insignificant. ",
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    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "The table below shows the amount of cash and cash equivalents deposited in various bank   accounts, grouped based on Fitch\u2019s credit ratings for the years ended 31 December: EUR \u2019000 2023 2022 AAA 6,734 6,988 AA - - AA- 593 2,364 A+ 358 31,911 A 175,759 41,776 A- 40,045 24,309 BBB+ 25,125 5,919 BBB 50 680 BBB- 6,610 3,161 BB+ 59 300 BB 210 - BB- - - B - 29 B- - - No rating available 28,169 35,887 Total 283,712 153,325 The above-mentioned balances include amounts deposited with central banks and other banks. 2023 2022 EUR \u2019000 Balances with Central Banks: 210,030 66,808 Balance with the Central Bank of Czechia 293 474 Balance with the Central Bank of Malta 171,320 37,045 Balance with the Central Bank of Lithuania 31,683 22,301 Balance with the Central Bank of Sweden 6,734 6,988 Balances with other banks 73,682 86,517 283,712 153,325 Total The balances with the Central Bank of Malta include a reserve deposit amounting to EUR 4.5 million (2022: EUR 3.8 million) held in terms of Regulation (EC) No. 1745/2003 of the European Central Bank . EUR \u2019000 2023 2022 Balances with other banks (repayable on call and at short 36,074 27, 356 notice) held by Multitude Bank In the ordinary course of business, the Group places funds and carries out transactions through correspondent accounts with high credit quality local listed banks and international banks with a good credit rating, subject to the operational requirements and the application of a limit frame- work. Accordingly, such exposures are monitored through the practical use of exposure limits. In certain countries, the Group had to utilise unrated financial institutions due to operational con- straints within such countries, in view of the profile of the banking sector in those territories. The Group would carry out a comprehensive due diligence on such banks, prior to engaging with them,  and on an event-driven basis throughout the term of the relationship. At 31 December 2023, balances with other banks consisted primarily of immediately withdrawable nostro balances and term placements maturing within one month. The Group risks losing of funds due to the possible political, economic and other events in a particular country where funds have been placed or invested with several counterparties domi- ciled in the same country or region. Countries are assessed according to their size, economic data and prospects together with credit ratings issued by international rating agencies. Existing country credit risk exposures, based on groupings of individual counterparties, are monitored and reviewed periodically. The Group\u2019s assets are predominantly in Europe.  At the end of the reporting periods in 2023 and 2022, none of the financial assets referred to were past due or impaired.  The following tables provide information about the credit quality of cash and cash equivalents. The credit quality of them is determined by credit ratings applicable to counterparties based on external ratings published by reputable credit rating agencies. Stage 1 2023, EUR \u201900 12-month ECL Balances with Central Banks A+ to A-   210,030 Gross carrying amount  210,030 Loss allowance - Carrying amount \u2013 net of loss allowance 210,030 Stage 1 2022, EUR \u2019000 12-month ECL Balances with Central Banks A+ to A-   66,808 66,808 Gross carrying amount  - Loss allowance Carrying amount \u2013 net of loss allowance 66,808 In this regard, the Government of Malta and Government of Lithuania as at 31 December 2023 had both a rating of A2, as issued by Moody\u2019s on 18 November 2022 and 29 April 2022, respectively. (2022: A2) The Government of Sweden as at 31 December 2023 had a rating of AAA as issued by Moody\u2019s on 25 March 2022 (2022: AAA). The Government of Czechia as at 31 December 2023 had a rating of AA3 as issued by Moody\u2019s on 5 August 2022 (2022: AA3). The respective Fitch rating for the Government of Malta is A+, the Government of Lithuania is A, the Government of Sweden is AAA and the Government of Czechia is AA-. As at 31 December 2023 and 2022, expected credit loss allowances in respect of balances with the  Central Banks (which are assumed to have the same credit quality as the Government of Malta, Government of Lithuania, Government of Czechia and Government of Sweden) were deemed to be insignificant. Stage 1 2023, EUR \u2019000 12-month ECL Balances with other banks A+ to A- 1,558 BBB+ to BBB- 11,344 BB+ to BB- 59 Unrated 60,721 Gross carrying amount  73,682 Loss allowance - 73,682 Carrying amount \u2013 net of loss allowance Stage 1 2022, EUR \u2019000 12-month ECL Balances with other banks A+ to A-   3,795 BBB+ to BBB- 4,478 BB+ to BB- 241 Unrated 78,003 Gross carrying amount   86,517 Loss allowance - 86,517 Carrying amount \u2013 net of loss allowance After the end of the reporting period, there were no significant changes in credit ratings reflected in the tables above which have a material impact on the credit quality of the financial assets The table below shows the Group\u2019s gross outstanding loans to customers balances, risk grading, and basis for ECL recognition and measurement as at the years ended 31 December: Days past due* Risk grade Category Basis for ECL Lower Upper UTP 2023 2022 range range Regular Performing Stage 1 (12-month 0 to 30 - 532,234 464,238 ECL) Watch UnderperformingStage 2 (lifetime 31 - 45 31 - 60 - 26,955 20,755 ECL) Substandard UnderperformingStage 2 (lifetime 46 - 60 61 - 90 - 17,309 14,862 ECL) Doubtful Non-performingStage 3 (lifetime 61 - 180 91 - 180 Yes 21,661 24,868 ECL) Loss Non-performingStage 3 (lifetime More than 180 days - 92,458 95,072 ECL) Total 690,617 619,794 *Lower and upper ranges of days past due are based on DPD thresholds of 60 and 90 days, respectively, to be considered as non-performing . The table below summarises the Group's movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 464,238 35,617 119,939 619,794 Transfers in between stages: Transfers out of Stage 1 (48,992) 20,086 28,906 - Transfers out of Stage 2 3,171 (12,861) 9,690 - Total changes from transfers in between Stages (45,821) 7, 225 38,596 - Other changes in gross loans to customers New loans originated during the year 777,408 40,590 65,294 883,292 Loans derecognised during the year (663,086) (39,110) (101,137) (803,334) Write-offs - - (8,397) (8,397) Changes in forex and other movements (505) (57) (176) (739) Net changes in gross loans to customers 67,996 8,647 (5,821) 70,823 Gross loans to customers as at 31 December 2023 532,234 44,264 114,119 690,617 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 27,337 11,024 74,359 112,719 Transfers in between stages: Transfers out of Stage 1 (3,275) 1,292 1,983 - Increase (decrease) due to transfers out of Stage 1 - 5,089 13,675 18,764 Transfers out of Stage 2 854 (3,837) 2,984 (0) Increase (decrease) due to transfers out of Stage 2 (552) - 2,957 2,405 Increase (decrease) due to changes in DPD buckets 448 36 9,492 9,976 Total changes from transfers in between Stages (2,525) 2,580 31,090 31,145 Other changes in loss allowances: New financial assets originated during the year 44,413 13,296 31,479 89,187 Financial assets derecognised during the year (38,822) (12,540) (63,517) (114,879) Write-offs - - (8,397) (8,397) Remeasurements from changes in model 908 22 4,094 5,025 Unwind of discount - - 46 46 Changes in forex and other movements (29) (20) (129) (178) Net changes in loss allowances 3,945 3,337 (5,334) 1,949 Loss allowances as at 31 December 2023 31,282 14,361 69,025 114,669 Impaired loan coverage ratio (\"ICLR\") 5.88% 32.44% 60.49% 16.60 % The table below summarises the Group's movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 394,447 29,623 149,637 573,708 Transfers in between stages: Transfers out of Stage 1 (47,743) 14,126 33,618 - Transfers out of Stage 2 3,029 (11,640) 8,610 - Total changes from transfers in between Stages (44,714) 2,486 42,228 - Other changes in gross loans to customers New loans originated during the year 736,697 36,481 68,225 841,404 Loans derecognised during the year (613,537) (32,294) (123,464) (769,295) Write-offs - - (15,006) (15,006) Changes in forex and other movements (8,655) (680) (1,681) (11,016) Net changes in gross loans to customers 69,791 5,993 (29,698) 46,087 Gross loans to customers as at 31 December 2022 464,238 35,617 119,939 619,794 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 22,744 8,806 92,595 124,145 Transfers in between stages: Transfers out of Stage 1 (3,349) 824 2,525 - Increase (decrease) due to transfers out of Stage 1 - 3,387 14,069 17,455 Transfers out of Stage 2 795 (3,433) 2,638 - Increase (decrease) due to transfers out of Stage 2 (540) - 2,607 2,067 Increase (decrease) due to changes in DPD buckets 777 65 7,641 8,484 Total changes from transfers in between Stages (2,317) 843 29,480 28,006 Other changes in loss allowances: New financial assets originated during the year 46,663 11,806 34,539 93,009 Financial assets derecognised during the year (39,136) (9,976) (67,668) (116,781) Write-offs - - (15,006) (15,006) Remeasurements from changes in model (153) (286) 678 239 Unwind of discount - - 480 480 Changes in forex and other movements (465) (169) (740) (1,373) Net changes in loss allowances 4,592 2,218 (18,236) (11,426) Loss allowances as at 31 December 2022 27,337 11,024 74,359 112,719 Impaired loan coverage ratio (\"ICLR\") 5.89% 30.95% 62.00% 18.19% Transfers out of Stage 1 are driven by the underlying gross loans to customers to have a significant increase in credit risks since initial recognition (Stage 2) or become credit-impaired (Stage 3), whereas transfers out of Stages 2 or 3 result from the underlying gross loans to customers no longer meeting said definitions. Transfers in between Stages or changes within DPD bucket that do not necessarily impact ECL stages could also result in an increase (decrease) in loss allowances during the year. Remeasurements from changes in the ECL model, inputs and assumptions are mainly driven by updating the calculations, statistics and modelling parameters relating to EAD, PD, LGD, and EIR based on the most recent available information at the reporting date. The unwind of discount is driven by the amortisation of the ECL's present value for long-outstanding loans to customers The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the Ferratum business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 269,856 26,602 85,698 382,156 Transfers in between stages: Transfers out of Stage 1 (26,484) 12,970 13,514 - Transfers out of Stage 2 2,429 (7,433) 5,004 - Total changes from transfers in between Stages (24,055) 5,537 18,518 - Other changes in gross loans to customers New loans originated during the year 593,759 35,297 55,896 684,952 Loans derecognised during the year (518,736) (34,071) (85,550) (638,357) Write-offs - - (5,878) (5,878) Changes in forex and other movements (563) (59) (187) (809) Net changes in gross loans to customers 50,405 6,704 ( 17, 201) 39,908 Gross loans to customers as at 31 December 2023 320,261 33,306 68,497 422,064 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 19,969 8,417 56,057 84,442 Transfers in between stages: Transfers out of Stage 1 (2,041) 948 1,093 - Increase (decrease) due to transfers out of Stage 1 - 3,158 6,369 9,527 Transfers out of Stage 2 639 (2,145) 1,506 - Increase (decrease) due to transfers out of Stage 2 (415) - 1,744 1,329 Increase (decrease) due to changes in DPD buckets 77 28 5,410 5,515 Total changes from transfers in between Stages (1,739) 1,989 16,121 16,372 Other changes in loss allowances: New financial assets originated during the year 36,978 11,737 26,788 75,502 Financial assets derecognised during the year (31,670) (11,429) (56,006) (99,105) Write-offs - - (5,878) (5,878) Remeasurements from changes in model (390) (20) 3,618 3,209 Unwind of discount - - 462 462 Changes in forex and other movements (31) (20) (136) (187) Net changes in loss allowances 3,149 2,258 (15,030) (9,624) Loss allowances as at 31 December 2023 23,117 10,674 41,027 74,818 Impaired loan coverage ratio (\"ICLR\") 7. 22% 32.05% 59.90% 17.73 % The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the Ferratum business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 237,686 24,835 117,995 380,516 Transfers in between stages: Transfers out of Stage 1 (26,403) 9,719 16,684 - Transfers out of Stage 2 2,752 (8,573) 5,821 - Total changes from transfers in between Stages (23,651) 1,146 22,505 - Other changes in gross loans to customers New loans originated during the year 548,736 30,916 56,323 635,975 Loans derecognised during the year (486,757) (29,719) (94,893) (611,370) Write-offs - - (15,197) (15,197) Changes in forex and other movements (6,158) (576) (1,034) (7,768) Net changes in gross loans to customers 32,170 1,767 (32,297) 1,640 Gross loans to customers as at 31 December 2022 269,856 26,602 85,698 382,156 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 17,737 7,570 73,134 98,440 Transfers in between stages: Transfers out of Stage 1 (2,388) 656 1,733 - Increase (decrease) due to transfers out of Stage 1 - 2,286 6,650 8,936 Transfers out of Stage 2 736 (2,673) 1,938 - Increase (decrease) due to transfers out of Stage 2 (496) - 1,750 1,254 Increase (decrease) due to changes in DPD buckets 460 9 6,121 6,590 Total changes from transfers in between Stages (1,689) 277 18,193 16,780 Other changes in loss allowances: New financial assets originated during the year 36,199 10,109 28,999 75,307 Financial assets derecognised during the year (31,447) (9,111) (49,855) (90,414) Write-offs - - (15,197) (15,197) Remeasurements from changes in model (459) (290) 485 (264) Unwind of discount - - 649 649 Changes in forex and other movements (372) (137) (349) (858) Net changes in loss allowances 2,232 847 ( 17,077) (13,997) Loss allowances as at 31 December 2022 19,969 8,417 56,057 84,442 Impaired loan coverage ratio (\"ICLR\") 7.40% 31.64% 65.41% 22.10% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the SweepBank business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 111,412 5,838 19,912 137,162 Transfers in between stages: Transfers out of Stage 1 (13,615) 4,455 9,160 - Transfers out of Stage 2 500 (3,442) 2,941 - Total changes from transfers in between Stages (13,114) 1,013 12,101 - Other changes in gross loans to customers New loans originated during the year 70,570 2,632 5,284 78,486 Loans derecognised during the year (55,210) (2,662) (7,321) (65,193) Write-offs - - (664) (664) Changes in forex and other movements 12 1 11 24 Net changes in gross loans to customers 2,258 983 9,411 12,652 Gross loans to customers as at 31 December 2023 113,670 6,821 29,323 149,814 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 4,062 1,336 9,598 14,997 Transfers in between stages: Transfers out of Stage 1 (702) 191 511 - Increase (decrease) due to transfers out of Stage 1 - 1,342 4,503 5,844 Transfers out of Stage 2 118 (925) 807 - Increase (decrease) due to transfers out of Stage 2 (63) - 935 872 Increase (decrease) due to changes in DPD buckets 240 6 3,218 3,465 Total changes from transfers in between Stages (407) 614 9,974 10,181 Other changes in loss allowances:  -   New financial assets originated during the year 2,504 835 2,714 6,053 Financial assets derecognised during the year (2,471) (667) (3,229) (6,367) Write-offs - - (664) (664) Remeasurements from changes in model 1,452 43 243 1,739 Unwind of discount - - (243) (243) Changes in forex and other movements 1 - 7 7 Net changes in loss allowances 1,079 825 8,801 10,705 Loss allowances as at 31 December 2023 5,141 2,161 18,400 25,702 Impaired loan coverage ratio (\"ICLR\") 4.52% 31.69% 62.75% 17.16% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the SweepBank business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 80,666 2,114 12,490 95,270 Transfers in between stages: Transfers out of Stage 1 (12,143) 2,829 9,314 - Transfers out of Stage 2 248 (1,770) 1,521 - Total changes from transfers in between Stages (11,895) 1,059 10,836 - Other changes in gross loans to customers New loans originated during the year 84,274 3,087 6,804 94,165 Loans derecognised during the year (40,964) (383) (9,589) (50,936) Write-offs - - (379) (379) Changes in forex and other movements (670) (38) (250) (957) Net changes in gross loans to customers 30,746 3,725 7,422 41,893 Gross loans to customers as at 31 December 2022 111,412 5,838 19,912 137,162 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 3,103 436 6,334 9,872 Transfers in between stages: Transfers out of Stage 1 (562) 108 454 - Increase (decrease) due to transfers out of Stage 1 - 585 3,817 4,402 Transfers out of Stage 2 51 (364) 313 - Increase (decrease) due to transfers out of Stage 2 (36) - 497 460 Increase (decrease) due to changes in DPD buckets 176 6 859 1,040 Total changes from transfers in between Stages (371) 335 5,939 5,903 Other changes in loss allowances: New financial assets originated during the year 2,957 812 3,057 6,826 Financial assets derecognised during the year (1,574) (242) (5,097) (6,913) Write-offs - - (379) (379) Remeasurements from changes in model (25) 4 51 29 Unwind of discount - - (185) (185) Changes in forex and other movements (27) (8) (120) (156) Net changes in loss allowances 959 900 3,265 5,125 Loss allowances as at 31 December 2022 4,062 1,336 9,598 14,997 Impaired loan coverage ratio (\"ICLR\") 3.65% 22.89% 48.20% 10.93% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the Capital Box business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 82,970 3,177 14,329 100,476 Transfers in between stages: Transfers out of Stage 1 (8,893) 2,662 6,232 - Transfers out of Stage 2 242 (1,986) 1,744 - Total changes from transfers in between Stages (8,651) 675 7,976 - Other changes in gross loans to customers New loans originated during the year 113,079 2,661 4,114 119,854 Loans derecognised during the year (89,140) (2,377) (8,266) (99,784) Write-offs - - (1,854) (1,854) Changes in forex and other movements 45 1 - 46 Net changes in gross loans to customers 15,333 961 1,969 18,263 Gross loans to customers as at 31 December 2023 98,303 4,137 16,298 118,739 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 3,305 1,271 8,704 13,280 Transfers in between stages: Transfers out of Stage 1 (532) 154 379 - Increase (decrease) due to transfers out of Stage 1 - 589 2,803 3,392 Transfers out of Stage 2 96 (768) 671 - Increase (decrease) due to transfers out of Stage 2 (74) - 278 204 Increase (decrease) due to changes in DPD buckets 131 2 864 997 Total changes from transfers in between Stages (379) (23) 4,995 4,593 Other changes in loss allowances: - - - - New financial assets originated during the year 4,930 724 1,978 7,632 Financial assets derecognised during the year (4,681) (444) (4,282) (9,407) Write-offs - - (1,854) (1,854) Remeasurements from changes in model (154) (2) 232 77 Unwind of discount - - (174) (174) Changes in forex and other movements 2 - - 1 Net changes in loss allowances (282) 255 895 868 Loss allowances as at 31 December 2023 3,023 1,526 9,599 14,148 Impaired loan coverage ratio (\"ICLR\") 3.08% 36.88% 58.90% 11.92% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the Capital Box business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 68,269 2,675 19,152 90,096 Transfers in between stages: Transfers out of Stage 1 (9,197) 1,578 7,619 - Transfers out of Stage 2 28 (1,297) 1,268 - Total changes from transfers in between Stages (9,168) 281 8,888 - Other changes in gross loans to customers - - - New loans originated during the year 104,717 2,568 5,211 112,496 Loans derecognised during the year (79,021) (2,281) (19,094) (100,396) Write-offs - - 571 571 Changes in forex and other movements (1,827) (66) (398) (2,291) Net changes in gross loans to customers 14,701 502 (4,823) 10,380 Gross loans to customers as at 31 December 2022 82,970 3,177 14,329 100,476 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 1,905 800 13,128 15,833 Transfers in between stages: Transfers out of Stage 1 (399) 60 339 - Increase (decrease) due to transfers out of Stage 1 - 516 3,601 4,117 Transfers out of Stage 2 8 (395) 387 - Increase (decrease) due to transfers out of Stage 2 (7) - 360 353 Increase (decrease) due to changes in DPD buckets 115 - 862 977 Total changes from transfers in between Stages (283) 181 5,549 5,447 Other changes in loss allowances: New financial assets originated during the year 7,507 885 2,484 10,876 Financial assets derecognised during the year (6,088) (572) (12,917) (19,577) Write-offs - - 571 571 Remeasurements from changes in model 331 - 142 473 Unwind of discount - - 16 16 Changes in forex and other movements (66) (23) (270) (359) Net changes in loss allowances 1,401 471 (4,424) (2,553) Loss allowances as at 31 December 2022 3,305 1,271 8,704 13,280 Impaired loan coverage ratio (\"ICLR\") 3.98% 40.01% 60.74% 13.22% The table below shows the gross outstanding loans to customers balances, loss allowance, and basis for ECL recognition and measurement for the years 2023 and 2022 for modified loan con- tracts (as a forbearance and also as a change in estimated expected cash flows included in terms and conditions): 31 December 2023 31 December 2022 Basis for ECL Gross carrying Gross carrying ECL ECL amount amount Stage 1 101,015 6,319 87,396 5,543 Stage 2 10,625 3,344 7,090 2,169 Stage 3 6,231 2,828 6,959 2,997 Total 117,870 12,492 101,444 10,709 The Group\u2019s modified gross outstanding loans to customers are analysed by geographical location for the years 2023 and 2022 as follows: EUR \u2019000 2023 amount 2023 % 2022 amount 2022 % Finland 22,814 19.4% 19,529 19.3% Northern Europe 69,178 58.7% 53,437 52.7% Western Europe 3,722 3.2% 3,800 3.7% Eastern Europe 22,156 18.8% 24,679 24.3% Total 117,870 100.0% 101,444 100.0% In cases where the Group grants specific modifications (not included in the original terms and conditions) to customers whom the Group assesses as experiencing financial difficulties, then these exposures are marked as forborne in line with the Group\u2019s policies in relation to forbearance. As at 31 December 2023, total loans which were identified as forborne amounted to EUR 2.4 million on which a total ECL of EUR 0.8 million was accounted for . The table below summarise the balances for loss allowance for loans to related parties reported in other financial assets for the years ended and as at 31 December 2023: Stage 1 2023, EUR \u2019000 12-month ECL Loans to related parties - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 10,096 Gross carrying amount  10,096 Loss allowance (48) Carrying amount \u2013 net of loss allowance 10,048 The table below summarise the balances for loss allowance for loans to related parties reported in other financial assets for the years ended and as at 31 December 2022: Stage 1 2022, EUR \u2019000 12-month ECL Loans to related parties - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 8,379 Gross carrying amount  8,379 Loss allowance (241) Carrying amount \u2013 net of loss allowance 8,138 The table below summarise the balances for loss allowance for debt investments for the year ended and as at 31 December 2023: Stage 1 2023, EUR \u2019000 12-month ECL Debt investments A+ to A- - BBB+ to BBB- - BB+ to BB- - Unrated 62,147 Gross carrying amount  62,147 Loss allowance (33) Carrying amount \u2013 net of loss allowance 62,114 The table below summarise the balances for loss allowance for debt investments for the year ended and as at 31 December 2022: Stage 1 2022, EUR \u2019000 12-month ECL Debt investments - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 21,107 Gross carrying amount  21,107 Loss allowance - Carrying amount \u2013 net of loss allowance 21,107 The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Following table shows credit concentration of the Group by geographic regions as at 31 December 2023: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2023 Country equivalents assets assets of Finland 17,184 109,779 15,057 13,879 155,900 16.56% domicile Sweden, Northern Denmark, Norway, 3,248 231,863 - 173 235,284 25.00% Europe UK Germany, The Western Netherlands, 11,329 46,992 10,225 185 68,732 7.30% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Bulgaria, 4,015 180,776 21,410 373 206,574 21.95% Europe Lithuania, Slovakia, Slovenia, Southern Poland Malta, Cyprus 246,177 - 15,421 4,103 265,702 28.23% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,758 6,537 - 722 9,018 0.96% Zealand,  Brazil,  Australia Total 283,712 575,948 62,114 19,436 941,210 100.00% Following table shows credit concentration of the Group by geographic regions as at 31 December 2022: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2022 equivalents assets assets Country Finland 29,973 106,273 - 12,792 149,038 21.26% of domicile Northern  Sweden, Europe Denmark, 4,656 186,080 - 454 191,190 27. 28% Norway, UK Germany, The Western Netherlands, 11,760 54,009 - 139 65,908 9.40% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Europe Bulgaria, 7,895 138,896 10,879 973 158,642 22.63% Lithuania, Slovakia, Southern Slovenia, Poland Malta, Cyprus 97,18 8 229 10,229 4,618 112,264 16.02% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,853 21,588 - 437 23,878 3.41% Zealand,  Brazil,  Australia Total 153,325 507,075 21,107 19,413 700,920 100.00% The table below shows, at the level of the whole Group, in which currencies the monetary items are mainly held or issued and sensitivity analysis as at 31 December 2023. EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK RON Financial assets at amortised cost: Loans to customers 1,360 191 146,026 11,232 6,017 7, 276 77,837 7,278 Cash and cash equivalents 1,670 725 18,390 2,115 210 1,502 4,144 5,570 Total 3,030 915 164,417 13,347 6,227 8,778 81,982 12,848 Intercompany loans - - 20,275 - 2,403 - - - Notional of derivative financial instrument - 622 150,732 16,179 - 8,763 - 4,058 Residual exposure 3,030 293 33,960 (2,832) 8,630 15 81,982 8,790 Currency up by 10% 303 29 3,396 (283) 863 1 8,198 879 Currency down by 10% (303) (29) (3,396) 283 (863) (1) (8,198) (879) The table below shows exposure to the majority of foreign currency denominated monetary items at consolidated level, the hedging coverage from foreign currency forward contracts and sensitiv- ity analysis as at 31 December 2022: EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK HRK RON Financial assets at amortised cost: Loans to customers 971 1,082 100,661 10,644 6,063 5,870 58,982 4,869 6,214 Cash and cash equivalents 2,273 468 16,598 5,012 624 2,176 4,222 65 1,872 Total 3,243 1,550 117, 259 15,656 6,687 8,046 63,204 4,934 8,086 Intercompany loans - 19,350 20,198 2,480 3,079 - - - 29 Notional of derivative financial instrument - 1,816 127,417 15,276 - 8,427 - - 4,049 Residual exposure 3,243 19,084 10,040 2,860 9,765 (381) 63,204 4,934 4,066 Currency up by 10% 324 1,908 1,004 286 977 (38) 6,320 493 407 Currency down by 10% (324) (1,908) (1,004) (286) (977) 38 (6,320) (493) (407) Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 The carrying amounts, grouped by liquidity and interest characteristics, of the Group's costs of capital as compared to cash and cash equivalents (\"net debt\"), and the movements for the years ended and as at 31 December are as follows: EUR \u2019000 2023 2022 Cash and cash equivalents 283,712 153,325 Gross debt, due within 1 year (484,523) (422, 392) Gross debt, due after 1 year (295,632) (128,401) Perpetual bonds with no maturity date (45,000) (50,000) Net debt (541,443) (447,468) Cash and cash equivalents 283,712 153,325 Gross debt - fixed interest rates (715,319) (499,964) Gross debt - floating interest rates (98,688) (94,517) Gross debt - non-interest bearing (11,148) (6,313) Net debt (541,443) (447,469) EUR \u2018000 CashGross debt, Gross debt, Perpetual Net debt and cash due within 1 due after 1 bonds equivalents year year AS AT 1 JANUARY 2022 301,592 (486,342) (141,772) (50,000) (376,522) Proceeds from debt securities - 87,072 - - 87,072 Repayment of debt securities - (182,150) - - (182,150) Net decrease in deposits from customers - 159,028 13,371 - 172,399 Net decrease in cash and cash (144,338) - - - (144,338) equivalents Foreign exchange adjustments (3,929) - - - (3,929) AT 31 DECEMBER 2022 153,325 (422 , 392) (128,401) (50,000) (447,468) Repayment of perpetual bonds - - - 5,000 5,000 Net increase in deposits from customers - (62,131) (167, 231) - (229,362) Net increase in cash and cash 130,541 - - - 130,541 equivalents Foreign exchange adjustments (154) - - - (154) AT 31 DECEMBER 2023 283,712 (484, 523) (295,632) (45,000) (541,443) The results of operations from the Group's operating and reportable segments for current period 2023 and comparable period 2022 are shown in the tables below . Operating and reportable segments for 2023: EUR \u2019000 FerratumSweep- Capital- Total Bank* Box Revenue 192,731 23,137 24,686 240,554 Credit losses (62,760) (16,197) (6,635) (85,591) EBIT (reported to CODM) 59,079 (15,258) 1,735 45,556 Net AR 343,256 189,217 103,697 636,170 *Includes Secured Debt product . Operating and reportable segments for restated 2022: EUR \u2019000 FerratumSweep- Capital- Restated Bank* Box Total Revenue 184,776 15,961 21,395 222,132 Credit losses (59,075) (11,722) (7,838) (78,635) EBIT (reported to CODM) 53,694 (21,144) (994) 31,555 Net AR 293,216 147,354 86,118 526,688 *Includes Secured Debt product .   Reconciliation of net AR to consolidated loans to customers: EUR '000 2023 Restated 2022 Net AR 636,170 526,688 Other reconciliation items: Broker fee capitalisation to loans to customers as part of directly attributable acquisition costs in EIR reported as prepaid selling and marketing expense in CODM report 11,416 9,845 Debt investments and loan to Sortter Oy (70,262) (29,247) Intragroup eliminations and adjustments not included in CODM report* (1,376) (211) Loans to customers 575,948 507,075 * Eliminations include accounting adjustments for reclassifications, additional ECL for invoicing and collection costs, intragroup sales of portfolio and associated gain or loss as well as accruals for loas in Stage 3 . 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 The fair value of derivative financial assets is determined using level 2 fair value measurement. The derivative assets include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. Debt investments at 31 December 2023 include investment in secured bonds. The value of this item is determined using level 3 fair value measurement due to the private placement of instruments. Other financial assets mainly include loans to related parties, receivables from banks and receiv- ables from sold portfolios. Receivables from banks include mandatory deposits held with other banks as a collateral for the purpose of hedging. Loans to related parties comprise corporate loan issued by Multitude Bank to Sortter Oy and disclosed in Note 25. The fair values of the other financial assets measured at amortised cost are determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial assets reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022. 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 2022 Multitude Bank tranche bonds The Multitude Bank p.l.c. tranche bonds (series no. 1/2022 - ISIN: MT0000911215) (\u201c2022 FBM tranche bonds\u201d) were issued on 13 April 2022 with a coupon rate of 6% maturing on 13 April 2032. Out of the EUR 5.1 million bonds issued, EUR 2.0 million was issued to Multitude SE, which was eliminated at the Group level as part of the consolidation process. At 31 December 2023, the 2022 FBM tranche bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position and have outstanding nominal and carrying amounts of EUR 3.1 million and EUR 2.9 million, respectively. 2022 Multitude SE senior unsecured bonds Multitude SE senior unsecured bonds (ISIN: NO0012702549) were issued on 7 December 2022 with a coupon rate of 7.5% plus 3-month Euribor, maturing in December 2025 (the \u201c2022 MSE Bonds\u201d). At 31 December 2023, the 2022 MSE Bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position, have outstanding nominal and carrying amounts of EUR 46.0 million and EUR 44.9 million, respectively. Financial liabilities fair value measurements The fair value of derivative financial liabilities is determined using level 2 fair value measurement.  Derivative financial liabilities include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. The fair value of debt securities that includes only listed bonds (2022 Multitude Bank tranche bonds and 2022 Multitude SE senior unsecured bonds) is determined using level 1 fair value mea- surement based on the published quotes in the Frankfurt Stock Exchange Open Market, Frankfurt Stock Exchange Prime Standard, and Malta Stocks Exchange, respectively. The fair value of the remaining financial liabilities measured at amortised cost is determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial liabilities reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022 Deposits from customers by contractual terms EUR \u2019000 2023 Restated Restated 2022 2021 Term deposits 697,968 402,363 394,468 Call accounts 34,382 101,015 91,542 Total 732,350 503,378 486,010 Outstanding balances arising from the above transactions with related parties as at the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Loans to related parties 8,148 8,139 Leadership Team members: Loans to related parties 1,900 - Total 10,048 8,139 Accounting policy change 1: Merged EUR 13,344 thousand of receivables from sold portfolios and receivables from banks previously categorised under non-current financial assets with current oth- er financial assets into other financial assets financial statement line item. Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 4: Merged EUR 84,158 thousand previously categorised under short- term borrowings with long-term borrowings to be included under the debt securities financial statement line item. Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,136 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 365 thou- sand of deferred tax asset was recognised on the amount of ECL provision recorded in retained earnings . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 1: Reclassified EUR 1,311 thousand previously categorised under prepaid expenses and other assets to align with other financial assets financial statement line item . Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "The table below shows the Group\u2019s gross outstanding loans to customers balances, risk grading, and basis for ECL recognition and measurement as at the years ended 31 December: Days past due* Risk grade Category Basis for ECL Lower Upper UTP 2023 2022 range range Regular Performing Stage 1 (12-month 0 to 30 - 532,234 464,238 ECL) Watch UnderperformingStage 2 (lifetime 31 - 45 31 - 60 - 26,955 20,755 ECL) Substandard UnderperformingStage 2 (lifetime 46 - 60 61 - 90 - 17,309 14,862 ECL) Doubtful Non-performingStage 3 (lifetime 61 - 180 91 - 180 Yes 21,661 24,868 ECL) Loss Non-performingStage 3 (lifetime More than 180 days - 92,458 95,072 ECL) Total 690,617 619,794 *Lower and upper ranges of days past due are based on DPD thresholds of 60 and 90 days, respectively, to be considered as non-performing The table below summarises the Group's movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 464,238 35,617 119,939 619,794 Transfers in between stages: Transfers out of Stage 1 (48,992) 20,086 28,906 - Transfers out of Stage 2 3,171 (12,861) 9,690 - Total changes from transfers in between Stages (45,821) 7, 225 38,596 - Other changes in gross loans to customers New loans originated during the year 777,408 40,590 65,294 883,292 Loans derecognised during the year (663,086) (39,110) (101,137) (803,334) Write-offs - - (8,397) (8,397) Changes in forex and other movements (505) (57) (176) (739) Net changes in gross loans to customers 67,996 8,647 (5,821) 70,823 Gross loans to customers as at 31 December 2023 532,234 44,264 114,119 690,617 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 27,337 11,024 74,359 112,719 Transfers in between stages: Transfers out of Stage 1 (3,275) 1,292 1,983 - Increase (decrease) due to transfers out of Stage 1 - 5,089 13,675 18,764 Transfers out of Stage 2 854 (3,837) 2,984 (0) Increase (decrease) due to transfers out of Stage 2 (552) - 2,957 2,405 Increase (decrease) due to changes in DPD buckets 448 36 9,492 9,976 Total changes from transfers in between Stages (2,525) 2,580 31,090 31,145 Other changes in loss allowances: New financial assets originated during the year 44,413 13,296 31,479 89,187 Financial assets derecognised during the year (38,822) (12,540) (63,517) (114,879) Write-offs - - (8,397) (8,397) Remeasurements from changes in model 908 22 4,094 5,025 Unwind of discount - - 46 46 Changes in forex and other movements (29) (20) (129) (178) Net changes in loss allowances 3,945 3,337 (5,334) 1,949 Loss allowances as at 31 December 2023 31,282 14,361 69,025 114,669 Impaired loan coverage ratio (\"ICLR\") 5.88% 32.44% 60.49% 16.60 % The table below summarises the Group's movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 394,447 29,623 149,637 573,708 Transfers in between stages: Transfers out of Stage 1 (47,743) 14,126 33,618 - Transfers out of Stage 2 3,029 (11,640) 8,610 - Total changes from transfers in between Stages (44,714) 2,486 42,228 - Other changes in gross loans to customers New loans originated during the year 736,697 36,481 68,225 841,404 Loans derecognised during the year (613,537) (32,294) (123,464) (769,295) Write-offs - - (15,006) (15,006) Changes in forex and other movements (8,655) (680) (1,681) (11,016) Net changes in gross loans to customers 69,791 5,993 (29,698) 46,087 Gross loans to customers as at 31 December 2022 464,238 35,617 119,939 619,794 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 22,744 8,806 92,595 124,145 Transfers in between stages: Transfers out of Stage 1 (3,349) 824 2,525 - Increase (decrease) due to transfers out of Stage 1 - 3,387 14,069 17,455 Transfers out of Stage 2 795 (3,433) 2,638 - Increase (decrease) due to transfers out of Stage 2 (540) - 2,607 2,067 Increase (decrease) due to changes in DPD buckets 777 65 7,641 8,484 Total changes from transfers in between Stages (2,317) 843 29,480 28,006 Other changes in loss allowances: New financial assets originated during the year 46,663 11,806 34,539 93,009 Financial assets derecognised during the year (39,136) (9,976) (67,668) (116,781) Write-offs - - (15,006) (15,006) Remeasurements from changes in model (153) (286) 678 239 Unwind of discount - - 480 480 Changes in forex and other movements (465) (169) (740) (1,373) Net changes in loss allowances 4,592 2,218 (18,236) (11,426) Loss allowances as at 31 December 2022 27,337 11,024 74,359 112,719 Impaired loan coverage ratio (\"ICLR\") 5.89% 30.95% 62.00% 18.19% Transfers out of Stage 1 are driven by the underlying gross loans to customers to have a significant increase in credit risks since initial recognition (Stage 2) or become credit-impaired (Stage 3), whereas transfers out of Stages 2 or 3 result from the underlying gross loans to customers no longer meeting said definitions. Transfers in between Stages or changes within DPD bucket that do not necessarily impact ECL stages could also result in an increase (decrease) in loss allowances during the year. Remeasurements from changes in the ECL model, inputs and assumptions are mainly driven by updating the calculations, statistics and modelling parameters relating to EAD, PD, LGD, and EIR based on the most recent available information at the reporting date. The unwind of discount is driven by the amortisation of the ECL's present value for long-outstanding loans to customers The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the Ferratum business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 269,856 26,602 85,698 382,156 Transfers in between stages: Transfers out of Stage 1 (26,484) 12,970 13,514 - Transfers out of Stage 2 2,429 (7,433) 5,004 - Total changes from transfers in between Stages (24,055) 5,537 18,518 - Other changes in gross loans to customers New loans originated during the year 593,759 35,297 55,896 684,952 Loans derecognised during the year (518,736) (34,071) (85,550) (638,357) Write-offs - - (5,878) (5,878) Changes in forex and other movements (563) (59) (187) (809) Net changes in gross loans to customers 50,405 6,704 ( 17, 201) 39,908 Gross loans to customers as at 31 December 2023 320,261 33,306 68,497 422,064 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 19,969 8,417 56,057 84,442 Transfers in between stages: Transfers out of Stage 1 (2,041) 948 1,093 - Increase (decrease) due to transfers out of Stage 1 - 3,158 6,369 9,527 Transfers out of Stage 2 639 (2,145) 1,506 - Increase (decrease) due to transfers out of Stage 2 (415) - 1,744 1,329 Increase (decrease) due to changes in DPD buckets 77 28 5,410 5,515 Total changes from transfers in between Stages (1,739) 1,989 16,121 16,372 Other changes in loss allowances: New financial assets originated during the year 36,978 11,737 26,788 75,502 Financial assets derecognised during the year (31,670) (11,429) (56,006) (99,105) Write-offs - - (5,878) (5,878) Remeasurements from changes in model (390) (20) 3,618 3,209 Unwind of discount - - 462 462 Changes in forex and other movements (31) (20) (136) (187) Net changes in loss allowances 3,149 2,258 (15,030) (9,624) Loss allowances as at 31 December 2023 23,117 10,674 41,027 74,818 Impaired loan coverage ratio (\"ICLR\") 7. 22% 32.05% 59.90% 17.73 % The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the Ferratum business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 237,686 24,835 117,995 380,516 Transfers in between stages: Transfers out of Stage 1 (26,403) 9,719 16,684 - Transfers out of Stage 2 2,752 (8,573) 5,821 - Total changes from transfers in between Stages (23,651) 1,146 22,505 - Other changes in gross loans to customers New loans originated during the year 548,736 30,916 56,323 635,975 Loans derecognised during the year (486,757) (29,719) (94,893) (611,370) Write-offs - - (15,197) (15,197) Changes in forex and other movements (6,158) (576) (1,034) (7,768) Net changes in gross loans to customers 32,170 1,767 (32,297) 1,640 Gross loans to customers as at 31 December 2022 269,856 26,602 85,698 382,156 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 17,737 7,570 73,134 98,440 Transfers in between stages: Transfers out of Stage 1 (2,388) 656 1,733 - Increase (decrease) due to transfers out of Stage 1 - 2,286 6,650 8,936 Transfers out of Stage 2 736 (2,673) 1,938 - Increase (decrease) due to transfers out of Stage 2 (496) - 1,750 1,254 Increase (decrease) due to changes in DPD buckets 460 9 6,121 6,590 Total changes from transfers in between Stages (1,689) 277 18,193 16,780 Other changes in loss allowances: New financial assets originated during the year 36,199 10,109 28,999 75,307 Financial assets derecognised during the year (31,447) (9,111) (49,855) (90,414) Write-offs - - (15,197) (15,197) Remeasurements from changes in model (459) (290) 485 (264) Unwind of discount - - 649 649 Changes in forex and other movements (372) (137) (349) (858) Net changes in loss allowances 2,232 847 ( 17,077) (13,997) Loss allowances as at 31 December 2022 19,969 8,417 56,057 84,442 Impaired loan coverage ratio (\"ICLR\") 7.40% 31.64% 65.41% 22.10% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the SweepBank business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 111,412 5,838 19,912 137,162 Transfers in between stages: Transfers out of Stage 1 (13,615) 4,455 9,160 - Transfers out of Stage 2 500 (3,442) 2,941 - Total changes from transfers in between Stages (13,114) 1,013 12,101 - Other changes in gross loans to customers New loans originated during the year 70,570 2,632 5,284 78,486 Loans derecognised during the year (55,210) (2,662) (7,321) (65,193) Write-offs - - (664) (664) Changes in forex and other movements 12 1 11 24 Net changes in gross loans to customers 2,258 983 9,411 12,652 Gross loans to customers as at 31 December 2023 113,670 6,821 29,323 149,814 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 4,062 1,336 9,598 14,997 Transfers in between stages: Transfers out of Stage 1 (702) 191 511 - Increase (decrease) due to transfers out of Stage 1 - 1,342 4,503 5,844 Transfers out of Stage 2 118 (925) 807 - Increase (decrease) due to transfers out of Stage 2 (63) - 935 872 Increase (decrease) due to changes in DPD buckets 240 6 3,218 3,465 Total changes from transfers in between Stages (407) 614 9,974 10,181 Other changes in loss allowances:  -   New financial assets originated during the year 2,504 835 2,714 6,053 Financial assets derecognised during the year (2,471) (667) (3,229) (6,367) Write-offs - - (664) (664) Remeasurements from changes in model 1,452 43 243 1,739 Unwind of discount - - (243) (243) Changes in forex and other movements 1 - 7 7 Net changes in loss allowances 1,079 825 8,801 10,705 Loss allowances as at 31 December 2023 5,141 2,161 18,400 25,702 Impaired loan coverage ratio (\"ICLR\") 4.52% 31.69% 62.75% 17.16% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the SweepBank business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 80,666 2,114 12,490 95,270 Transfers in between stages: Transfers out of Stage 1 (12,143) 2,829 9,314 - Transfers out of Stage 2 248 (1,770) 1,521 - Total changes from transfers in between Stages (11,895) 1,059 10,836 - Other changes in gross loans to customers New loans originated during the year 84,274 3,087 6,804 94,165 Loans derecognised during the year (40,964) (383) (9,589) (50,936) Write-offs - - (379) (379) Changes in forex and other movements (670) (38) (250) (957) Net changes in gross loans to customers 30,746 3,725 7,422 41,893 Gross loans to customers as at 31 December 2022 111,412 5,838 19,912 137,162 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 3,103 436 6,334 9,872 Transfers in between stages: Transfers out of Stage 1 (562) 108 454 - Increase (decrease) due to transfers out of Stage 1 - 585 3,817 4,402 Transfers out of Stage 2 51 (364) 313 - Increase (decrease) due to transfers out of Stage 2 (36) - 497 460 Increase (decrease) due to changes in DPD buckets 176 6 859 1,040 Total changes from transfers in between Stages (371) 335 5,939 5,903 Other changes in loss allowances: New financial assets originated during the year 2,957 812 3,057 6,826 Financial assets derecognised during the year (1,574) (242) (5,097) (6,913) Write-offs - - (379) (379) Remeasurements from changes in model (25) 4 51 29 Unwind of discount - - (185) (185) Changes in forex and other movements (27) (8) (120) (156) Net changes in loss allowances 959 900 3,265 5,125 Loss allowances as at 31 December 2022 4,062 1,336 9,598 14,997 Impaired loan coverage ratio (\"ICLR\") 3.65% 22.89% 48.20% 10.93% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2023 for the Capital Box business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2023 82,970 3,177 14,329 100,476 Transfers in between stages: Transfers out of Stage 1 (8,893) 2,662 6,232 - Transfers out of Stage 2 242 (1,986) 1,744 - Total changes from transfers in between Stages (8,651) 675 7,976 - Other changes in gross loans to customers New loans originated during the year 113,079 2,661 4,114 119,854 Loans derecognised during the year (89,140) (2,377) (8,266) (99,784) Write-offs - - (1,854) (1,854) Changes in forex and other movements 45 1 - 46 Net changes in gross loans to customers 15,333 961 1,969 18,263 Gross loans to customers as at 31 December 2023 98,303 4,137 16,298 118,739 LOSS ALLOWANCES Loss allowances, as at 1 January 2023 3,305 1,271 8,704 13,280 Transfers in between stages: Transfers out of Stage 1 (532) 154 379 - Increase (decrease) due to transfers out of Stage 1 - 589 2,803 3,392 Transfers out of Stage 2 96 (768) 671 - Increase (decrease) due to transfers out of Stage 2 (74) - 278 204 Increase (decrease) due to changes in DPD buckets 131 2 864 997 Total changes from transfers in between Stages (379) (23) 4,995 4,593 Other changes in loss allowances: - - - - New financial assets originated during the year 4,930 724 1,978 7,632 Financial assets derecognised during the year (4,681) (444) (4,282) (9,407) Write-offs - - (1,854) (1,854) Remeasurements from changes in model (154) (2) 232 77 Unwind of discount - - (174) (174) Changes in forex and other movements 2 - - 1 Net changes in loss allowances (282) 255 895 868 Loss allowances as at 31 December 2023 3,023 1,526 9,599 14,148 Impaired loan coverage ratio (\"ICLR\") 3.08% 36.88% 58.90% 11.92% The table below summarises the movements and the balances of loss allowances for loans to customers for the years ended and as at 31 December 2022 for the Capital Box business unit: Stage 1 Stage 2 Stage 3 EUR \u2019000 12-month Lifetime Lifetime Total ECL ECL ECL GROSS LOANS TO CUSTOMERS As at 1 January 2022 68,269 2,675 19,152 90,096 Transfers in between stages: Transfers out of Stage 1 (9,197) 1,578 7,619 - Transfers out of Stage 2 28 (1,297) 1,268 - Total changes from transfers in between Stages (9,168) 281 8,888 - Other changes in gross loans to customers - - - New loans originated during the year 104,717 2,568 5,211 112,496 Loans derecognised during the year (79,021) (2,281) (19,094) (100,396) Write-offs - - 571 571 Changes in forex and other movements (1,827) (66) (398) (2,291) Net changes in gross loans to customers 14,701 502 (4,823) 10,380 Gross loans to customers as at 31 December 2022 82,970 3,177 14,329 100,476 LOSS ALLOWANCES Loss allowances, as at 1 January 2022 1,905 800 13,128 15,833 Transfers in between stages: Transfers out of Stage 1 (399) 60 339 - Increase (decrease) due to transfers out of Stage 1 - 516 3,601 4,117 Transfers out of Stage 2 8 (395) 387 - Increase (decrease) due to transfers out of Stage 2 (7) - 360 353 Increase (decrease) due to changes in DPD buckets 115 - 862 977 Total changes from transfers in between Stages (283) 181 5,549 5,447 Other changes in loss allowances: New financial assets originated during the year 7,507 885 2,484 10,876 Financial assets derecognised during the year (6,088) (572) (12,917) (19,577) Write-offs - - 571 571 Remeasurements from changes in model 331 - 142 473 Unwind of discount - - 16 16 Changes in forex and other movements (66) (23) (270) (359) Net changes in loss allowances 1,401 471 (4,424) (2,553) Loss allowances as at 31 December 2022 3,305 1,271 8,704 13,280 Impaired loan coverage ratio (\"ICLR\") 3.98% 40.01% 60.74% 13.22% The table below shows the gross outstanding loans to customers balances, loss allowance, and basis for ECL recognition and measurement for the years 2023 and 2022 for modified loan con- tracts (as a forbearance and also as a change in estimated expected cash flows included in terms and conditions): 31 December 2023 31 December 2022 Basis for ECL Gross carrying Gross carrying ECL ECL amount amount Stage 1 101,015 6,319 87,396 5,543 Stage 2 10,625 3,344 7,090 2,169 Stage 3 6,231 2,828 6,959 2,997 Total 117,870 12,492 101,444 10,709 The Group\u2019s modified gross outstanding loans to customers are analysed by geographical location for the years 2023 and 2022 as follows: EUR \u2019000 2023 amount 2023 % 2022 amount 2022 % Finland 22,814 19.4% 19,529 19.3% Northern Europe 69,178 58.7% 53,437 52.7% Western Europe 3,722 3.2% 3,800 3.7% Eastern Europe 22,156 18.8% 24,679 24.3% Total 117,870 100.0% 101,444 100.0% In cases where the Group grants specific modifications (not included in the original terms and conditions) to customers whom the Group assesses as experiencing financial difficulties, then these exposures are marked as forborne in line with the Group\u2019s policies in relation to forbearance. As at 31 December 2023, total loans which were identified as forborne amounted to EUR 2.4 million on which a total ECL of EUR 0.8 million was accounted for . The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Following table shows credit concentration of the Group by geographic regions as at 31 December 2023: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2023 Country equivalents assets assets of Finland 17,184 109,779 15,057 13,879 155,900 16.56% domicile Sweden, Northern Denmark, Norway, 3,248 231,863 - 173 235,284 25.00% Europe UK Germany, The Western Netherlands, 11,329 46,992 10,225 185 68,732 7.30% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Bulgaria, 4,015 180,776 21,410 373 206,574 21.95% Europe Lithuania, Slovakia, Slovenia, Southern Poland Malta, Cyprus 246,177 - 15,421 4,103 265,702 28.23% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,758 6,537 - 722 9,018 0.96% Zealand,  Brazil,  Australia Total 283,712 575,948 62,114 19,436 941,210 100.00% Following table shows credit concentration of the Group by geographic regions as at 31 December 2022: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2022 equivalents assets assets Country Finland 29,973 106,273 - 12,792 149,038 21.26% of domicile Northern  Sweden, Europe Denmark, 4,656 186,080 - 454 191,190 27. 28% Norway, UK Germany, The Western Netherlands, 11,760 54,009 - 139 65,908 9.40% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Europe Bulgaria, 7,895 138,896 10,879 973 158,642 22.63% Lithuania, Slovakia, Southern Slovenia, Poland Malta, Cyprus 97,18 8 229 10,229 4,618 112,264 16.02% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,853 21,588 - 437 23,878 3.41% Zealand,  Brazil,  Australia Total 153,325 507,075 21,107 19,413 700,920 100.00% The table below shows, at the level of the whole Group, in which currencies the monetary items are mainly held or issued and sensitivity analysis as at 31 December 2023. EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK RON Financial assets at amortised cost: Loans to customers 1,360 191 146,026 11,232 6,017 7, 276 77,837 7,278 Cash and cash equivalents 1,670 725 18,390 2,115 210 1,502 4,144 5,570 Total 3,030 915 164,417 13,347 6,227 8,778 81,982 12,848 Intercompany loans - - 20,275 - 2,403 - - - Notional of derivative financial instrument - 622 150,732 16,179 - 8,763 - 4,058 Residual exposure 3,030 293 33,960 (2,832) 8,630 15 81,982 8,790 Currency up by 10% 303 29 3,396 (283) 863 1 8,198 879 Currency down by 10% (303) (29) (3,396) 283 (863) (1) (8,198) (879) The table below shows exposure to the majority of foreign currency denominated monetary items at consolidated level, the hedging coverage from foreign currency forward contracts and sensitiv- ity analysis as at 31 December 2022: EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK HRK RON Financial assets at amortised cost: Loans to customers 971 1,082 100,661 10,644 6,063 5,870 58,982 4,869 6,214 Cash and cash equivalents 2,273 468 16,598 5,012 624 2,176 4,222 65 1,872 Total 3,243 1,550 117, 259 15,656 6,687 8,046 63,204 4,934 8,086 Intercompany loans - 19,350 20,198 2,480 3,079 - - - 29 Notional of derivative financial instrument - 1,816 127,417 15,276 - 8,427 - - 4,049 Residual exposure 3,243 19,084 10,040 2,860 9,765 (381) 63,204 4,934 4,066 Currency up by 10% 324 1,908 1,004 286 977 (38) 6,320 493 407 Currency down by 10% (324) (1,908) (1,004) (286) (977) 38 (6,320) (493) (407) Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 Reconciliation of net AR to consolidated loans to customers: EUR '000 2023 Restated 2022 Net AR 636,170 526,688 Other reconciliation items: Broker fee capitalisation to loans to customers as part of directly attributable acquisition costs in EIR reported as prepaid selling and marketing expense in CODM report 11,416 9,845 Debt investments and loan to Sortter Oy (70,262) (29,247) Intragroup eliminations and adjustments not included in CODM report* (1,376) (211) Loans to customers 575,948 507,075 * Eliminations include accounting adjustments for reclassifications, additional ECL for invoicing and collection costs, intragroup sales of portfolio and associated gain or loss as well as accruals for loas in Stage 3 . 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,136 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 365 thou- sand of deferred tax asset was recognised on the amount of ECL provision recorded in retained earnings . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
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  "fact-458": {
   "value": "The table below summarise the balances for loss allowance for loans to related parties reported in other financial assets for the years ended and as at 31 December 2023: Stage 1 2023, EUR \u2019000 12-month ECL Loans to related parties - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 10,096 Gross carrying amount  10,096 Loss allowance (48) Carrying amount \u2013 net of loss allowance 10,048 The table below summarise the balances for loss allowance for loans to related parties reported in other financial assets for the years ended and as at 31 December 2022: Stage 1 2022, EUR \u2019000 12-month ECL Loans to related parties - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 8,379 Gross carrying amount  8,379 Loss allowance (241) Carrying amount \u2013 net of loss allowance 8,138 The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 5.3 Interests in associates Multitude has made an equity investment of 19.97% in Sortter which a FinTech company incorpo- rated in Finland in 2018, that compares and ranks financial services for its customers in the similar way hotels or flights are compared online. Multitude also acquired a share option to purchase the remaining interest from other shareholders as part of the total purchase price and integral to the transaction. Apart from equity investment Multitude has given the corporate loan for the amount of EUR 8.0 million for the purpose of funding operational activity of Sortter. Partnership of Multitude Group with Sortter Oy includes provision of leads and introduction of new clients. The estimated profit after tax of EUR 6 thousand from participation in the investment was recognised as share of result in associated companies in the consolidated statement of profit or loss for 2023. There are no substantial investments into associates and hence the Group presents the following aggregated information as at 31 December 2023 in the table below. EUR \u2019000 2023 Carrying amount of investment in associates 1,022 Aggregate amounts of the Group\u2019s share of: Profit from continuing operations 6 Other comprehensive income - Total comprehensive income 6 Due to the classification of investment into Sortter Oy as an investment in associates, the equity investment of EUR 1.0 million and corporate loan of EUR 7.8 million will be considered balances with related parties in the financial year 2023 (Note 25). 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 25. Related party transactions The Group is controlled by Jorma Jokela who ultimately owns 55.56% of Multitude SE's issued and outstanding shares as at 31 December 2023 (2022 - 55.24%), who is also the Member of Multitude SE\u2019s Board and Leadership Team. The Group\u2019s related parties include Sortter Oy (accounted as in- vestment into associates), Members of the Board of Directors and Leadership Team. This includes their close family members, the companies in which the Member of the Board or Leadership Team and their close family members have control or joint control. As a main principle, all transactions with related parties are conducted at arm\u2019s length and are part of the ordinary course of business. Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) *Other related parties include the companies related to Leadership Team members. Outstanding balances arising from the above transactions with related parties as at the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Loans to related parties 8,148 8,139 Leadership Team members: Loans to related parties 1,900 - Total 10,048 8,139 The Group has issued loan in the total amount of EUR 1.9 million to the Leadership Team members with the purpose of purchase of Multitude's shares. All shares purchased with this loan are pledged to the Group and used as collateral. There is no ECL provision created for this loan as at 31 Decem- ber 2023. The loan shall accrue fixed interest of 5.5% per annum and paid annually. The principal on the loan shall be repaid on 31 December 2028. The Group issued a loan in the total amount of EUR 8.0 million to Sortter Oy in December 2022 with the purpose of financing development of the business. Sortter Oy shall pay interest on the loan at the rate of 3-month Euribor plus the margin 5.5% per annum. Should 3-month Euribor be less than zero, it shall be deemed to be zero. Sortter Oy shall repay the loan principal in one instalment on 11 December 2026. There is EUR 48 thousand of ECL provision as at 31 December 2023 on this loan with positive impact of EUR 193 thousand in impairment loss during the year Key management compensation The table below outlines the related party transactions involving Members of Multitude's Board and Leadership Team, encompassing gross salary and short-term benefits, share-based payments, and employer contributions to defined contribution post-employment plans . EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 *The retirement age of CEO is 65 years, and he has no defined benefit pension plan. **Including remuneration in the role of Deputy CEO ",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  },
  "fact-459": {
   "value": "The table below summarise the balances for loss allowance for debt investments for the year ended and as at 31 December 2023: Stage 1 2023, EUR \u2019000 12-month ECL Debt investments A+ to A- - BBB+ to BBB- - BB+ to BB- - Unrated 62,147 Gross carrying amount  62,147 Loss allowance (33) Carrying amount \u2013 net of loss allowance 62,114 The table below summarise the balances for loss allowance for debt investments for the year ended and as at 31 December 2022: Stage 1 2022, EUR \u2019000 12-month ECL Debt investments - A+ to A- BBB+ to BBB- - BB+ to BB- - Unrated 21,107 Gross carrying amount  21,107 Loss allowance - Carrying amount \u2013 net of loss allowance 21,107 The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Following table shows credit concentration of the Group by geographic regions as at 31 December 2023: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2023 Country equivalents assets assets of Finland 17,184 109,779 15,057 13,879 155,900 16.56% domicile Sweden, Northern Denmark, Norway, 3,248 231,863 - 173 235,284 25.00% Europe UK Germany, The Western Netherlands, 11,329 46,992 10,225 185 68,732 7.30% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Bulgaria, 4,015 180,776 21,410 373 206,574 21.95% Europe Lithuania, Slovakia, Slovenia, Southern Poland Malta, Cyprus 246,177 - 15,421 4,103 265,702 28.23% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,758 6,537 - 722 9,018 0.96% Zealand,  Brazil,  Australia Total 283,712 575,948 62,114 19,436 941,210 100.00% Following table shows credit concentration of the Group by geographic regions as at 31 December 2022: Cash Loans to  Debt Other Total EUR \u2019000 and cash customers investments financial financial 2022 equivalents assets assets Country Finland 29,973 106,273 - 12,792 149,038 21.26% of domicile Northern  Sweden, Europe Denmark, 4,656 186,080 - 454 191,190 27. 28% Norway, UK Germany, The Western Netherlands, 11,760 54,009 - 139 65,908 9.40% Europe Spain, Luxembourg  Latvia, Estonia, Czechia,  Croatia,  Eastern Romania, Europe Bulgaria, 7,895 138,896 10,879 973 158,642 22.63% Lithuania, Slovakia, Southern Slovenia, Poland Malta, Cyprus 97,18 8 229 10,229 4,618 112,264 16.02% Europe Canada, Mexico, India,  Philippines,  Other Bangladesh, New 1,853 21,588 - 437 23,878 3.41% Zealand,  Brazil,  Australia Total 153,325 507,075 21,107 19,413 700,920 100.00% Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 The tables below show an analysis financial of assets and financial liabilities presented according to when they are expected to be recovered or settled. With regard to loans to customers, deposits from customers and issued debt securities the Group uses the same basis of expected repayment behaviour that was used for estimating the effective interest rate of each instrument, respectively. Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "4.2.12 Collateral The Group\u2019s consumer lending portfolio is generally unsecured, in line with the typical nature and characteristics observed for short-term retail portfolios. However, the Group employs a range of policies and practices to mitigate credit risk, including collection strategies, contractual arrange- ment by which the Group can sell aged portfolios once specific loans reach a predetermined ageing profile and one-off debt sales. Note 4.2.7 discloses the amount of loans to customers disposed of during the year. In 2023, the Group started to offer collateralised loans to SME customers. The underlying collateral for these loans must be comprised of either loan portfolios, apartments or residential buildings, commercial properties or plots that meet specific requirements including any additional cash or financial instrument collateral provided by the issuer. The Group assigns different loan-to-value coefficients to every collateral item depending on its nature. The value of collateral is regularly reviewed for changes in the underlined market prices. The debt investments are mainly secured by loan portfolios pledged in favour of the Multitude Bank and hence the Group, taking into consideration pre-established collateralised ratios in rela- tion to the amount invested and encompassing pre-established ratios of exposures by ageing of the underlying pledged portfolio. Moreover, the Bank also has additional collateral in the form of cash deposited in its accounts or pledged financial instruments in favour of the Bank in respect of this investment ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "4.2.12 Collateral The Group\u2019s consumer lending portfolio is generally unsecured, in line with the typical nature and characteristics observed for short-term retail portfolios. However, the Group employs a range of policies and practices to mitigate credit risk, including collection strategies, contractual arrange- ment by which the Group can sell aged portfolios once specific loans reach a predetermined ageing profile and one-off debt sales. Note 4.2.7 discloses the amount of loans to customers disposed of during the year. In 2023, the Group started to offer collateralised loans to SME customers. The underlying collateral for these loans must be comprised of either loan portfolios, apartments or residential buildings, commercial properties or plots that meet specific requirements including any additional cash or financial instrument collateral provided by the issuer. The Group assigns different loan-to-value coefficients to every collateral item depending on its nature. The value of collateral is regularly reviewed for changes in the underlined market prices. The debt investments are mainly secured by loan portfolios pledged in favour of the Multitude Bank and hence the Group, taking into consideration pre-established collateralised ratios in rela- tion to the amount invested and encompassing pre-established ratios of exposures by ageing of the underlying pledged portfolio. Moreover, the Bank also has additional collateral in the form of cash deposited in its accounts or pledged financial instruments in favour of the Bank in respect of this investment . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 There are no contractual commitments to acquire property, plant and equipment. There are no 24. Commitments given In terms of credit risk associated with commitments to extend credit, the Group faces potential exposure to losses equivalent to the total unused commitments should those amounts be utilised. It is essential to note, however, that commitments to extend credit are contingent on customers adhering to specific credit standards outlined in the terms of product in all circumstances. In respect to its debt investments the Group has an outstanding commitment to provide EUR 8.0 million of additional investment as at 31 December 2023. There is no separate ECL provision cre- ated for these commitments due to conditional character of investment and the low risk profile of already drawn debt facilities. There are no contingent liabilities for year ended and as at 31 December 2023 and 31 December 2022.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "The Group\u2019s maximum credit risk exposure without collateral held or other credit enhancements as at 31 December are as follows: EUR \u2019000 2023 Restated 2022 Credit risk exposures relating to on-balance sheet assets: Loans to customers (gross) 690,617 619,794 Cash and cash equivalents 283,712 153,325 Other financial assets at amortised cost: Debt investments 62,114 21,107 Loans to related parties 10,048 8,138 Receivables from banks 4,362 4,362 Receivables from sold portfolios 1,476 2,263 Other receivables 3,549 4,649 Credit risk exposures relating to off-balance sheet instruments: Commitments 8,000 7,000 Total credit risk exposure 1,063,879 820,640 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 There are no contractual commitments to acquire property, plant and equipment.24. Commitments given In terms of credit risk associated with commitments to extend credit, the Group faces potential exposure to losses equivalent to the total unused commitments should those amounts be utilised. It is essential to note, however, that commitments to extend credit are contingent on customers adhering to specific credit standards outlined in the terms of product in all circumstances. In respect to its debt investments the Group has an outstanding commitment to provide EUR 8.0 million of additional investment as at 31 December 2023. There is no separate ECL provision cre- ated for these commitments due to conditional character of investment and the low risk profile of already drawn debt facilities. There are no contingent liabilities for year ended and as at 31 December 2023 and 31 December 2022.  ",
   "dimensions": {
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    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "4.3 Market risk The Group\u2019s operations in different markets expose it to various market risks, including foreign currency risk and interest rate risk. 4.3.1 Foreign currency risk 4.3.1.1 Foreign currency transaction risk The Group operates in different markets, mainly within and selectively outside of the Euro zone and generates significant transactions and balances in various currencies and therefore is exposed to foreign currency risk. Foreign currency transaction risk only relates to foreign currency items in currencies other than the respective Group company's functional currency. Also, transactions and loans between Group companies with different functional currencies create foreign currency transaction risk. Multitude manages foreign currency transaction risks through its treasury risk management policy that aims to hedge and mitigate the potential adverse impact of fluctuations in foreign exchange rates between the Euro and other foreign currencies that may impact profit or loss.  As part of this policy, Group companies enter into foreign currency forward contracts to hedge material loan and other balances (including intercompany) that are not denominated in Euros. In accordance with the policy, the aim is to hedge close to 100% of the net exposures. The Group treasury policy further requires all Group companies to apply rules of natural hedging and optimal- ly counterbalance significant foreign currency denominated transactions and balances. As of 31 December 2023, and 2022, the Group\u2019s primary foreign exchange transaction exposure arises from monetary assets and liabilities denominated in Swedish Krona (\"SEK\"), Czech Koruna (\u201cCZK\u201d), Norwegian Krone (\u201cNOK\u201d) and Romanian New Leu (\u201cRON\u201d) and accordingly, the Group hedges the foreign currency exchange risks arising from the net assets denominated in these currencies wherein. The following tables include the estimated effect on the profit for the period owing to the weak- ening of the most significant foreign currencies against the Group company\u2019s functional currency. For other Group companies and currencies, the Leadership Team has assessed that the impact of foreign exchange transaction risk is not significant. The sensitivities have been calculated based on a 10% movement in the foreign exchange rates, which Multitude has assessed to be a reasonably possible change in the exchange rates. A corresponding strengthening of the exposure currency would have an approximately equal opposite impact. A negative (positive) amount in the table reflects a potential net loss (net gain) in the consolidated statement of profit or loss. The table below shows, at the level of the whole Group, in which currencies the monetary items are mainly held or issued and sensitivity analysis as at 31 December 2023. EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK RON Financial assets at amortised cost: Loans to customers 1,360 191 146,026 11,232 6,017 7, 276 77,837 7,278 Cash and cash equivalents 1,670 725 18,390 2,115 210 1,502 4,144 5,570 Total 3,030 915 164,417 13,347 6,227 8,778 81,982 12,848 Intercompany loans - - 20,275 - 2,403 - - - Notional of derivative financial instrument - 622 150,732 16,179 - 8,763 - 4,058 Residual exposure 3,030 293 33,960 (2,832) 8,630 15 81,982 8,790 Currency up by 10% 303 29 3,396 (283) 863 1 8,198 879 Currency down by 10% (303) (29) (3,396) 283 (863) (1) (8,198) (879) The table below shows exposure to the majority of foreign currency denominated monetary items at consolidated level, the hedging coverage from foreign currency forward contracts and sensitiv- ity analysis as at 31 December 2022: EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK HRK RON Financial assets at amortised cost: Loans to customers 971 1,082 100,661 10,644 6,063 5,870 58,982 4,869 6,214 Cash and cash equivalents 2,273 468 16,598 5,012 624 2,176 4,222 65 1,872 Total 3,243 1,550 117, 259 15,656 6,687 8,046 63,204 4,934 8,086 Intercompany loans - 19,350 20,198 2,480 3,079 - - - 29 Notional of derivative financial instrument - 1,816 127,417 15,276 - 8,427 - - 4,049 Residual exposure 3,243 19,084 10,040 2,860 9,765 (381) 63,204 4,934 4,066 Currency up by 10% 324 1,908 1,004 286 977 (38) 6,320 493 407 Currency down by 10% (324) (1,908) (1,004) (286) (977) 38 (6,320) (493) (407) The calculation includes currency hedges and assumes no changes in other underlying currencies. The currency effects are based on the statement of financial position exposure at year end, hedg- ing levels at the year end, and the assumption that the currency cash flow hedging levels and all other variables will remain constant during the next twelve months. Hedging instruments include foreign currency forward contracts and disclosed in Notes 15 and 20. 4.3.1.2. Foreign currency risk - Foreign currency translation risk Translation risk arises from the translation of the financial position of investments in foreign subsid- iaries to presentation currency and impacts other comprehensive income. To mitigate translation risk, the Group endeavors to fund assets in the same currency as the asset itself whenever it is economically feasible. The Group may also enter into foreign exchange forwards or foreign cur- rency denominated loans to hedge its net investments in foreign entities with different functional currencies than the Group. The statements of financial position of foreign subsidiaries are translated into Euro using exchange rates prevailing on the reporting date and their statements of profit or loss are translated at spot exchange rates prevailing at the dates of the transactions. The resulting translation differences are recorded in other comprehensive income and accumulated in a separate reserve in shareholders\u2019 equity. The same also applies for the translation differences of intra-group monetary items, whose repayment is neither planned nor likely to occur, and that form part of the net investment in a foreign operation. These cumulative differences materialise through the profit or loss of the Group on the disposal, in whole or in part, of each foreign subsidiary. The main currencies creating translation risk in the Group are presented in the table below. CZK CAD BRL MXN SEK AUD EUR \u2018000 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Translation - 152 51 51 - (429) 329 20 (3,456) (990) - (558) reserve in equity PLN INR RON Other Total EUR \u2018000 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Translation - (1,122) (20) (5) (280) (279) (6) 110 (3,383) (3,049) reserve in equity 4.3.2 Interest rate risk 4.3.2.1 Interest rate risk management The Group is exposed to interest rate risk, which could impact its net interest income and the value of assets and liabilities through its business activities. The main items exposing the Group to the interest rate risk are  loans to customers, debt investments, deposits from customers as well as issued debt securities. Currently, Group is exposed to cash flow interest rate risk through its float- ing interest rate financial assets and liabilities, as well as pricing risk arising from the differences in refinancing periods between its fixed rate financial assets and liabilities. However, the Leadership Team does not currently consider the risk significant, and accordingly the risk is not hedged even though it is taken into account on Multitude Bank level in the regulatory capital requirements The Group rather aims to keep the interest expenses stable by entering into long term fixed rate financing, while also mitigating adverse impacts arising from interest rate fluctuations in the con- solidated statements of profit or loss, cash flows, and financial position by having a balanced portfolio of fixed and floating rate instruments. The combination of fixed and floating interest rates is based on Euribor, which is the basic rate of interest used in lending between banks and is commonly used as a reference for setting the interest rate on loans within the European Union. Multitude does not use Interbank Offered Rates (IBORs) other than Euribor. 4.3.2.2 Interest rate risk measurement The Group analyses its interest rate exposures on a periodic basis. Various scenarios are simulated considering refinancing, renewal of existing positions and alternative financing. Based on these scenarios, the Group calculates the impact on profit and loss of a defined interest rate shift for the assets and liabilities held by Multitude SE and Multitude Bank that constitute the majority of interest-bearing items with floating interest rates. The same interest rate shift is used for each sim- ulation for all currencies. The scenarios are run for items that are subject to daily reference rates. The Group keeps monitoring the materiality of interest rate risk derived from items recognised in the statement of financial position on a regular basis and aims to incorporate all significant changes of the business model into the assessment. The Group's floating and fixed rate interest-rate position as per the year-end is presented in the following table. Floating rate refers to instruments which are tied to maximum 12 month Euribor. Non-interest bearing refer to zero-coupon products. Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 4.3.2.3 Interest rate sensitivity analysis Taking cognisance of the nature of Multitude\u2019s financial assets and liabilities, under the require- ments of IFRS 7, a sensitivity analysis in respect of interest rate changes is applied in relation to all net floating rate instruments to which the Group is exposed to. These instruments are the net resultant of floating rate assets, which mainly constitute the surplus liquidity placed with banks, loans to customers, debt investments; and floating rate liabilities, consisting of funding through bonds. At the end of the reporting periods, if the interest rates on the floating rate instruments had increased/decreased by 100 basis points (assuming a parallel shift of 100 basis points in yields) with all other variables held constant, the pre-tax result for the year for Multitude would change by the following amounts determined by applying the shift to the net variable interest exposure at the end of the reporting periods: EUR \u2019000 2023 Restated 2022 (+) 100 bp 4,864 2,593 (-) 100 bp (4,864) (2,593) The amounts above are not impacted by intercompany funding arrangements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "4.3.1 Foreign currency risk 4.3.1.1 Foreign currency transaction risk The Group operates in different markets, mainly within and selectively outside of the Euro zone and generates significant transactions and balances in various currencies and therefore is exposed to foreign currency risk. Foreign currency transaction risk only relates to foreign currency items in currencies other than the respective Group company's functional currency. Also, transactions and loans between Group companies with different functional currencies create foreign currency transaction risk. Multitude manages foreign currency transaction risks through its treasury risk management policy that aims to hedge and mitigate the potential adverse impact of fluctuations in foreign exchange rates between the Euro and other foreign currencies that may impact profit or loss.  As part of this policy, Group companies enter into foreign currency forward contracts to hedge material loan and other balances (including intercompany) that are not denominated in Euros. In accordance with the policy, the aim is to hedge close to 100% of the net exposures. The Group treasury policy further requires all Group companies to apply rules of natural hedging and optimal- ly counterbalance significant foreign currency denominated transactions and balances. As of 31 December 2023, and 2022, the Group\u2019s primary foreign exchange transaction exposure arises from monetary assets and liabilities denominated in Swedish Krona (\"SEK\"), Czech Koruna (\u201cCZK\u201d), Norwegian Krone (\u201cNOK\u201d) and Romanian New Leu (\u201cRON\u201d) and accordingly, the Group hedges the foreign currency exchange risks arising from the net assets denominated in these currencies wherein. The following tables include the estimated effect on the profit for the period owing to the weak- ening of the most significant foreign currencies against the Group company\u2019s functional currency. For other Group companies and currencies, the Leadership Team has assessed that the impact of foreign exchange transaction risk is not significant. The sensitivities have been calculated based on a 10% movement in the foreign exchange rates, which Multitude has assessed to be a reasonably possible change in the exchange rates. A corresponding strengthening of the exposure currency would have an approximately equal opposite impact. A negative (positive) amount in the table reflects a potential net loss (net gain) in the consolidated statement of profit or loss. The table below shows, at the level of the whole Group, in which currencies the monetary items are mainly held or issued and sensitivity analysis as at 31 December 2023. EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK RON Financial assets at amortised cost: Loans to customers 1,360 191 146,026 11,232 6,017 7, 276 77,837 7,278 Cash and cash equivalents 1,670 725 18,390 2,115 210 1,502 4,144 5,570 Total 3,030 915 164,417 13,347 6,227 8,778 81,982 12,848 Intercompany loans - - 20,275 - 2,403 - - - Notional of derivative financial instrument - 622 150,732 16,179 - 8,763 - 4,058 Residual exposure 3,030 293 33,960 (2,832) 8,630 15 81,982 8,790 Currency up by 10% 303 29 3,396 (283) 863 1 8,198 879 Currency down by 10% (303) (29) (3,396) 283 (863) (1) (8,198) (879) The table below shows exposure to the majority of foreign currency denominated monetary items at consolidated level, the hedging coverage from foreign currency forward contracts and sensitiv- ity analysis as at 31 December 2022: EUR \u2018000 EUR PLN SEK CZK BGN NOK DKK HRK RON Financial assets at amortised cost: Loans to customers 971 1,082 100,661 10,644 6,063 5,870 58,982 4,869 6,214 Cash and cash equivalents 2,273 468 16,598 5,012 624 2,176 4,222 65 1,872 Total 3,243 1,550 117, 259 15,656 6,687 8,046 63,204 4,934 8,086 Intercompany loans - 19,350 20,198 2,480 3,079 - - - 29 Notional of derivative financial instrument - 1,816 127,417 15,276 - 8,427 - - 4,049 Residual exposure 3,243 19,084 10,040 2,860 9,765 (381) 63,204 4,934 4,066 Currency up by 10% 324 1,908 1,004 286 977 (38) 6,320 493 407 Currency down by 10% (324) (1,908) (1,004) (286) (977) 38 (6,320) (493) (407) The calculation includes currency hedges and assumes no changes in other underlying currencies. The currency effects are based on the statement of financial position exposure at year end, hedg- ing levels at the year end, and the assumption that the currency cash flow hedging levels and all other variables will remain constant during the next twelve months. Hedging instruments include foreign currency forward contracts and disclosed in Notes 15 and 20. 4.3.1.2. Foreign currency risk - Foreign currency translation risk Translation risk arises from the translation of the financial position of investments in foreign subsid- iaries to presentation currency and impacts other comprehensive income. To mitigate translation risk, the Group endeavors to fund assets in the same currency as the asset itself whenever it is economically feasible. The Group may also enter into foreign exchange forwards or foreign cur- rency denominated loans to hedge its net investments in foreign entities with different functional currencies than the Group. The statements of financial position of foreign subsidiaries are translated into Euro using exchange rates prevailing on the reporting date and their statements of profit or loss are translated at spot exchange rates prevailing at the dates of the transactions. The resulting translation differences are recorded in other comprehensive income and accumulated in a separate reserve in shareholders\u2019 equity. The same also applies for the translation differences of intra-group monetary items, whose repayment is neither planned nor likely to occur, and that form part of the net investment in a foreign operation. These cumulative differences materialise through the profit or loss of the Group on the disposal, in whole or in part, of each foreign subsidiary. The main currencies creating translation risk in the Group are presented in the table below. CZK CAD BRL MXN SEK AUD EUR \u2018000 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Translation - 152 51 51 - (429) 329 20 (3,456) (990) - (558) reserve in equity PLN INR RON Other Total EUR \u2018000 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Translation - (1,122) (20) (5) (280) (279) (6) 110 (3,383) (3,049) reserve in equity ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 Other financial liabilities include trade payables and accrued financial liabilities for serviced re- ceived but not yet invoiced by the suppliers . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : ",
   "dimensions": {
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  },
  "fact-468": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 The carrying amounts, grouped by liquidity and interest characteristics, of the Group's costs of capital as compared to cash and cash equivalents (\"net debt\"), and the movements for the years ended and as at 31 December are as follows: EUR \u2019000 2023 2022 Cash and cash equivalents 283,712 153,325 Gross debt, due within 1 year (484,523) (422, 392) Gross debt, due after 1 year (295,632) (128,401) Perpetual bonds with no maturity date (45,000) (50,000) Net debt (541,443) (447,468) Cash and cash equivalents 283,712 153,325 Gross debt - fixed interest rates (715,319) (499,964) Gross debt - floating interest rates (98,688) (94,517) Gross debt - non-interest bearing (11,148) (6,313) Net debt (541,443) (447,469) EUR \u2018000 CashGross debt, Gross debt, Perpetual Net debt and cash due within 1 due after 1 bonds equivalents year year AS AT 1 JANUARY 2022 301,592 (486,342) (141,772) (50,000) (376,522) Proceeds from debt securities - 87,072 - - 87,072 Repayment of debt securities - (182,150) - - (182,150) Net decrease in deposits from customers - 159,028 13,371 - 172,399 Net decrease in cash and cash (144,338) - - - (144,338) equivalents Foreign exchange adjustments (3,929) - - - (3,929) AT 31 DECEMBER 2022 153,325 (422 , 392) (128,401) (50,000) (447,468) Repayment of perpetual bonds - - - 5,000 5,000 Net increase in deposits from customers - (62,131) (167, 231) - (229,362) Net increase in cash and cash 130,541 - - - 130,541 equivalents Foreign exchange adjustments (154) - - - (154) AT 31 DECEMBER 2023 283,712 (484, 523) (295,632) (45,000) (541,443) 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 2022 Multitude Bank tranche bonds The Multitude Bank p.l.c. tranche bonds (series no. 1/2022 - ISIN: MT0000911215) (\u201c2022 FBM tranche bonds\u201d) were issued on 13 April 2022 with a coupon rate of 6% maturing on 13 April 2032. Out of the EUR 5.1 million bonds issued, EUR 2.0 million was issued to Multitude SE, which was eliminated at the Group level as part of the consolidation process. At 31 December 2023, the 2022 FBM tranche bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position and have outstanding nominal and carrying amounts of EUR 3.1 million and EUR 2.9 million, respectively. 2022 Multitude SE senior unsecured bonds Multitude SE senior unsecured bonds (ISIN: NO0012702549) were issued on 7 December 2022 with a coupon rate of 7.5% plus 3-month Euribor, maturing in December 2025 (the \u201c2022 MSE Bonds\u201d). At 31 December 2023, the 2022 MSE Bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position, have outstanding nominal and carrying amounts of EUR 46.0 million and EUR 44.9 million, respectively. Financial liabilities fair value measurements The fair value of derivative financial liabilities is determined using level 2 fair value measurement.  Derivative financial liabilities include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. The fair value of debt securities that includes only listed bonds (2022 Multitude Bank tranche bonds and 2022 Multitude SE senior unsecured bonds) is determined using level 1 fair value mea- surement based on the published quotes in the Frankfurt Stock Exchange Open Market, Frankfurt Stock Exchange Prime Standard, and Malta Stocks Exchange, respectively. The fair value of the remaining financial liabilities measured at amortised cost is determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial liabilities reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022 . Deposits from customers by contractual terms EUR \u2019000 2023 Restated Restated 2022 2021 Term deposits 697,968 402,363 394,468 Call accounts 34,382 101,015 91,542 Total 732,350 503,378 486,010 Multitude SE issued a EUR 50 million worth of unsecured and subordinated perpetual capital bonds(\"perpetual bonds\") on 5 July 2021, at of 99.50% of the nominal amount. The perpetual bonds (ISIN NO0011037327) were drawn against a total authorised framework of EUR 100 million with a floating coupon rate of 8.90% plus 3-month Euribor. The Group has a right to postpone the interest payment indefinitely due on the perpetual bonds, provided it has informed the bond- holders of the postponement within the timeframe specified in the terms and conditions. Any discretionary dividend distribution by Multitude triggers an interest payment obligation on the perpetual bonds. During 2023, the Group redeemed a portion of the equity-related bond for EUR 5.0 million. The total amount consists of EUR 4.6 million in cash payment and EUR 0.4 million in a discount record- ed directly in equity. Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 4: Merged EUR 84,158 thousand previously categorised under short- term borrowings with long-term borrowings to be included under the debt securities financial statement line item. Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
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  },
  "fact-469": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 The carrying amounts, grouped by liquidity and interest characteristics, of the Group's costs of capital as compared to cash and cash equivalents (\"net debt\"), and the movements for the years ended and as at 31 December are as follows: EUR \u2019000 2023 2022 Cash and cash equivalents 283,712 153,325 Gross debt, due within 1 year (484,523) (422, 392) Gross debt, due after 1 year (295,632) (128,401) Perpetual bonds with no maturity date (45,000) (50,000) Net debt (541,443) (447,468) Cash and cash equivalents 283,712 153,325 Gross debt - fixed interest rates (715,319) (499,964) Gross debt - floating interest rates (98,688) (94,517) Gross debt - non-interest bearing (11,148) (6,313) Net debt (541,443) (447,469) EUR \u2018000 CashGross debt, Gross debt, Perpetual Net debt and cash due within 1 due after 1 bonds equivalents year year AS AT 1 JANUARY 2022 301,592 (486,342) (141,772) (50,000) (376,522) Proceeds from debt securities - 87,072 - - 87,072 Repayment of debt securities - (182,150) - - (182,150) Net decrease in deposits from customers - 159,028 13,371 - 172,399 Net decrease in cash and cash (144,338) - - - (144,338) equivalents Foreign exchange adjustments (3,929) - - - (3,929) AT 31 DECEMBER 2022 153,325 (422 , 392) (128,401) (50,000) (447,468) Repayment of perpetual bonds - - - 5,000 5,000 Net increase in deposits from customers - (62,131) (167, 231) - (229,362) Net increase in cash and cash 130,541 - - - 130,541 equivalents Foreign exchange adjustments (154) - - - (154) AT 31 DECEMBER 2023 283,712 (484, 523) (295,632) (45,000) (541,443) 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 2022 Multitude Bank tranche bonds The Multitude Bank p.l.c. tranche bonds (series no. 1/2022 - ISIN: MT0000911215) (\u201c2022 FBM tranche bonds\u201d) were issued on 13 April 2022 with a coupon rate of 6% maturing on 13 April 2032. Out of the EUR 5.1 million bonds issued, EUR 2.0 million was issued to Multitude SE, which was eliminated at the Group level as part of the consolidation process. At 31 December 2023, the 2022 FBM tranche bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position and have outstanding nominal and carrying amounts of EUR 3.1 million and EUR 2.9 million, respectively. 2022 Multitude SE senior unsecured bonds Multitude SE senior unsecured bonds (ISIN: NO0012702549) were issued on 7 December 2022 with a coupon rate of 7.5% plus 3-month Euribor, maturing in December 2025 (the \u201c2022 MSE Bonds\u201d). At 31 December 2023, the 2022 MSE Bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position, have outstanding nominal and carrying amounts of EUR 46.0 million and EUR 44.9 million, respectively. Financial liabilities fair value measurements The fair value of derivative financial liabilities is determined using level 2 fair value measurement.  Derivative financial liabilities include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. The fair value of debt securities that includes only listed bonds (2022 Multitude Bank tranche bonds and 2022 Multitude SE senior unsecured bonds) is determined using level 1 fair value mea- surement based on the published quotes in the Frankfurt Stock Exchange Open Market, Frankfurt Stock Exchange Prime Standard, and Malta Stocks Exchange, respectively. The fair value of the remaining financial liabilities measured at amortised cost is determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial liabilities reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022 . Deposits from customers by contractual terms EUR \u2019000 2023 Restated Restated 2022 2021 Term deposits 697,968 402,363 394,468 Call accounts 34,382 101,015 91,542 Total 732,350 503,378 486,010 Multitude SE issued a EUR 50 million worth of unsecured and subordinated perpetual capital bonds(\"perpetual bonds\") on 5 July 2021, at of 99.50% of the nominal amount. The perpetual bonds (ISIN NO0011037327) were drawn against a total authorised framework of EUR 100 million with a floating coupon rate of 8.90% plus 3-month Euribor. The Group has a right to postpone the interest payment indefinitely due on the perpetual bonds, provided it has informed the bond- holders of the postponement within the timeframe specified in the terms and conditions. Any discretionary dividend distribution by Multitude triggers an interest payment obligation on the perpetual bonds. During 2023, the Group redeemed a portion of the equity-related bond for EUR 5.0 million. The total amount consists of EUR 4.6 million in cash payment and EUR 0.4 million in a discount record- ed directly in equity. Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item Accounting policy change 4: Merged EUR 84,158 thousand previously categorised under short- term borrowings with long-term borrowings to be included under the debt securities financial statement line item. Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 EUR \u2018000 CashGross debt, Gross debt, Perpetual Net debt and cash due within 1 due after 1 bonds equivalents year year AS AT 1 JANUARY 2022 301,592 (486,342) (141,772) (50,000) (376,522) Proceeds from debt securities - 87,072 - - 87,072 Repayment of debt securities - (182,150) - - (182,150) Net decrease in deposits from customers - 159,028 13,371 - 172,399 Net decrease in cash and cash (144,338) - - - (144,338) equivalents Foreign exchange adjustments (3,929) - - - (3,929) AT 31 DECEMBER 2022 153,325 (422 , 392) (128,401) (50,000) (447,468) Repayment of perpetual bonds - - - 5,000 5,000 Net increase in deposits from customers - (62,131) (167, 231) - (229,362) Net increase in cash and cash 130,541 - - - 130,541 equivalents Foreign exchange adjustments (154) - - - (154) AT 31 DECEMBER 2023 283,712 (484, 523) (295,632) (45,000) (541,443) 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 Deposits from customers by contractual terms EUR \u2019000 2023 Restated Restated 2022 2021 Term deposits 697,968 402,363 394,468 Call accounts 34,382 101,015 91,542 Total 732,350 503,378 486,010 Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2023: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 25,122 2,369 169 27,660 74.39% Finland 1,508 568 2,091 4,168 11.21% Malta 1,285 644 256 2,185 5.88% Germany 900 647 76 1,623 4.37% Other 654 590 303 1,547 4.16% Total 29,468 4,819 2,896 37,183 100.00% The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2022: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 26,820 1,535 168 28,524 72.96% Finland 2,073 100 2,124 4,297 10.99% Malta 1,235 1,205 509 2,950 7.55% Germany 1,040 775 108 1,923 4.92% Other 232 997 172 1,401 3.58% Total 31,400 4,613 3,081 39,094 100.00% 18. Leases Right-of-use assets, for the year ended and as at 31 December EUR \u2019000 Office Office Total buildings equipment ACQUISITION COSTS As at 1 January 2023 10,125 1,614 11,738 For the year ended 31 December 2023: Additions 591 1,600 2,190 Disposals - - - Acquisition costs, as at 31 December 2023 10,716 3,213 13,929 ACCUMULATED DEPRECIATION As at 1 January 2023 (6,351) (775) (7,125) For the year ended 31 December 2023: Revaluation (Note 10) 30 - 30 Depreciation (Note 11) (1,517) (498) (2,015) Cumulative depreciation, as at 31 December 2023 (7, 838) (1,272) (9,110) Net carrying amount, as at 1 January 2023 3,774 839 4,613 Net carrying amount, as at 31 December 2023 2,878 1,941 4,819 ACQUISITION COSTS As at 1 January 2022 6,681 757 7,438 For the year ended 31 December 2022: Additions 3,899 857 4,756 Disposals (455) - (455) Acquisition costs, as at 31 December 2022 10,125 1,614 11,738 ACCUMULATED DEPRECIATION Cumulative depreciation, as at 1 January 2022 (5,224) (596) (5,819) For the year ended 31 December 2022: Disposals 455 - 455 Revaluation (Note 10) 52 - 52 Depreciation (Note 11) (1,634) (179) (1,813) Cumulative depreciation, as at 31 December 2022 (6,351) (775) (7,125) Net carrying amount, as at 1 January 2022 1,457 161 1,618 Net carrying amount, as at 31 December 2022 3,774 839 4,613 There are no material translation differences recognised on right-of-use asset. Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Rent expenses related to short-term and low value leases, and depreciation of right-of-use assets are presented under general and administrative expense and depreciation and amortisation, re- spectively, in operating expenses (Note 11). Interest expense on lease liabilities is presented under interest expense (Note 7). There is no expense in relation to variable lease payments . Amounts presented in the consolidated statement of cash flows for the year ended 31 December: EUR '000 2023 Restated 2022 Total cash outflow for leases (2,219) (1,939) 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 Other financial liabilities include trade payables and accrued financial liabilities for serviced re- ceived but not yet invoiced by the suppliers Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 Other financial liabilities include trade payables and accrued financial liabilities for serviced re- ceived but not yet invoiced by the suppliers . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 There are no contingent liabilities for year ended and as at 31 December 2023 and 31 December 2022. Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "Floating Fixed Non-interest EUR \u2018000 interest rate interest rate bearing Total 31 December 2023 Loans to customers 118,774 457,174 - 575,948 Cash and cash equivalents - 107 283,605 283,712 Debt investments 62,114 - - 62,114 Loans to related parties 8,148 1,900 - 10,048 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 299 299 Receivables from sold portfolios - - 1,476 1,476 Other receivables - - 3,549 3,549 Total 189,036 463,543 288,929 941,508 Deposits from customers (8,803) (712,399) (11,148) (732,350) Debt securities (44,885) (2,920) - (47,805) Provisions, accruals and other liabilities - - (9,331) (9,331) Lease liabilities - (4,963) - (4,963) Derivative financial liabilities - - (5,323) (5,323) Total (53,688) (720,282) (25,802) (799,772) Net exposure 135,348 (256,739) 263,127 141,736 31 December 2022 Loans to customers 100,688 406,387 - 507,075 Cash and cash equivalents - 1,228 152,097 153,325 Debt investments 21,107 - - 21,107 Loans to related parties 8,138 - - 8,138 Receivables from banks - 4,362 - 4,362 Derivative financial assets - - 3,180 3,180 Receivables from sold portfolios - - 2,263 2,263 Other receivables - - 4,649 4,649 Total 129,934 411,977 162,190 704,101 Deposits from customers - (497,065) (6,313) (503,378) Debt securities (44,517) (2,899) - (47,416) Provisions, accruals and other liabilities - - (12,172) (12,172) Lease liabilities - (4, 566) - (4, 566) Derivative financial liabilities - - (446) (446) Total (44,517) (504,530) (18,930) (567,977) Net exposure 85,417 (92,553) 143,259 136,123 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  },
  "fact-479": {
   "value": "4.4 Liquidity risk Liquidity risk is defined as the risk that the Group does not have sufficient liquid financial resourc- es to meet obligations associated with financial liabilities settled by delivering cash or another financial asset. Liquidity risk arises because of the possibility that the Group might be unable to meet its payment obligations when they fall due as a result of mismatches in the timing of the cash flows under both the normal and stress circumstances. Transactional liquidity risk is defined as the risk of executing a financial transaction below fair market value or not being able to execute the transaction within a specific period. The objective of liquidity risk management is to maintain sufficient liquidity and to ensure that it is readily available without endangering its value to avoid uncertainty related to financial distress at all times. To mitigate potential risks, the Group diversified funding sources beyond its core deposit base. Additionally, they have adopted a policy that prioritises liquidity in asset management, monitoring future cash flows at the market level across each operating entity. This oversight is consolidated centrally by the Group Treasury function. The Treasury function diligently tracks rolling forecasts of liquidity requirements, ensuring adequate cash reserves to meet operational needs. The goal is to maintain a comfortable margin for debt facilities and other non-current liabilities, preventing any breaches in debt agreements. The forecasting process takes into account the Group's debt fi- nancing plans, compliance with debt covenants, adherence to internal balance sheet ratio targets, consideration of legal and regulatory requirements, and management of currency restrictions. Collaborating closely with Multitude Bank\u2019s Treasury, Group Treasury function works jointly to guarantee that the Group remains sufficiently liquid. This collaborative effort ensures a cohesive approach to liquidity management across the organisation. The tables below show an analysis financial of assets and financial liabilities presented according to when they are expected to be recovered or settled. With regard to loans to customers, deposits from customers and issued debt securities the Group uses the same basis of expected repayment behaviour that was used for estimating the effective interest rate of each instrument, respectively. Maturity analysis of financial assets as at 31 December 2023 and 31 December 2022: On Within three Between Between Between Over Total EUR \u2018000 demand months three months 1-2 years 2-5 5 years carrying and one year years amount 31 December 2023 Cash and cash 283,712 - - - - - 283,712 equivalents Derivative financial - 299 - - - - 299 assets Loans to customers 2,346 124,584 271,268 122,979 44,868 9,903 575,948 Debt investments - 1,100 - - 61,014 - 62,114 Other financial assets - 1,476 3,549 10,048 4,362 - 19,435 Total 286,058 127,459 274,817 133,027 110,244 9,903 941,507 31 December 2022 Cash and cash 153,325 - - - - - 153,325 equivalents Derivative financial - 3,180 - - - - 3,180 assets Loans to customers 2,346 111,543 239,724 96,408 40,505 16,549 507,075 Debt investments - 307 - - 20,800 - 21,107 Other financial assets - 2,263 4,649 - 12,501 - 19,413 Total 155,671 117,293 244,373 96,408 73,806 16,549 704,101 Maturity analysis of undiscounted financial liabilities as at 31 December 2023 and 31 December 2022: On Within Between Between Between Over Carrying EUR \u2018000 de- three three 1-2 years 2-5 years 5 years Totalamount mand months months and one year 31 December 2023 Derivative financial - 5,323 - - - - 5,323 5,323 liabilities Deposits from customers Principal 34,382 114,385 333,139 112,173 138,211 - 732,290 732,350 Interests - 72 882 1,300 - - 2,254 - Debt securities: Principal - - - 46,000 - 3,052 49,052 47,805 Interests - 1,328 4,436 4,421 909 1,515 12,609 - Lease liabilities - 694 1,542 1,293 2,046 - 5,575 4,963 Commitments given - 8,000 - - - - 8,000 - Total 34,382 129,802 339,999 165,187 141,166 4,567 815,103 790,441 31 December 2022 Derivative financial - 446 - - - - 446 446 liabilities Deposits from customers Principal 101,015 60,415 260,337 82,090 - - 503,857 503,378 Interests - 33 891 824 - - 1,748 - Debt securities: Principal - - - - 46,000 3,052 49,052 47,416 Interests - 1,100 4,136 5,765 5,028 1,515 17, 544 - Lease liabilities - 544 1,147 1,683 1,347 - 4,721 4,566 Commitments given - 7,000 - - - - 7,000 - Total 101,015 69,538 266,511 90,362 52,375 4,567 584,368 555,360 The Group addresses this risk by maintaining a robust shareholders' capital base that aligns with the developmental stage of its operations. Strategic management of the asset base prioritises liquidity, with regular monitoring of future cash flows and changes in available liquid assets. As of December 31, 2023, and 2022, the Group mainly holds a pool of liquid assets, primarily in the form of bank balances (cash and cash equivalent). The most of the Group's financial liabilities consist of customer deposits, representing amounts owed to customers. The Group's overarching goal is to sustain an adequate level of liquid assets, considering anticipated cash outflows related to customer obligations and other liabilities. Deposits from customers, reflected in the table above and consisting of customer deposits, are not expected to be withdrawn in accordance with contractual terms, taking cognisance of the nature of these instruments. Hence, the Group is in a position to manage liquidity risk due to maturity mismatches between deposits and loans to customers. ",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  },
  "fact-480": {
   "value": "4.5 Capital management The primary objectives of the Group\u2019s capital management policy are to ensure that it complies with externally imposed capital requirements and maintains strong credit ratings and healthy  capital ratios in order to support its business and to maximise shareholder value. The Group manages its capital structure and adjusts according to changes in economic conditions and the risk characteristics of its activities. To maintain or adjust the capital structure, the Group may adjust the amount of dividend payment to shareholders, return capital to shareholders or issue new capital securities. No changes have been made to the objectives, policies and processes from the previous years. They are, however, under constant review by the Board. The Group's funding structure and cost of capital are primarily comprised of deposits received from customers and issued financial instruments such as Multitude SE 2022 senior unsecured bonds (presented as debt securities in the consolidated statement of financial position) and  Multitude Bank tranche bonds (presented as debt securities in the consolidated statement of  financial position). To generate additional capitalisation, the Group issued perpetual bonds,  accounted for as a separate line item in equity part of the consolidated statement of financial position, with a nominal value of EUR 50 million on 5 July 2021. The carrying amounts, grouped by liquidity and interest characteristics, of the Group's costs of capital as compared to cash and cash equivalents (\"net debt\"), and the movements for the years ended and as at 31 December are as follows: EUR \u2019000 2023 2022 Cash and cash equivalents 283,712 153,325 Gross debt, due within 1 year (484,523) (422, 392) Gross debt, due after 1 year (295,632) (128,401) Perpetual bonds with no maturity date (45,000) (50,000) Net debt (541,443) (447,468) Cash and cash equivalents 283,712 153,325 Gross debt - fixed interest rates (715,319) (499,964) Gross debt - floating interest rates (98,688) (94,517) Gross debt - non-interest bearing (11,148) (6,313) Net debt (541,443) (447,469) In addition to managing capital at the Group level as described above, Multitude Bank moni- tors its capital requirements in compliance with applicable regulations by the Malta Financial Services Authority (MFSA) due to the banking license. Multitude Bank is required to maintain a ratio of total regulatory capital to risk-weighted assets (\u201cCapital requirements ratio\u201d) as well as a CET 1 capital ratio above a minimum level as prescribed by banking regulations. The capital requirements ratio expresses own funds as a proportion of risk-weighted assets and off-balance sheet items in relation to credit risk together with notional risk-weighted assets in respect of operational risk. Capital adequacy and the use of regulatory capital are monitored on an ongoing basis by the management of Bank, employing techniques based on the guidelines developed by the Basel Committee and the European Union Directives and regulations, as implemented by the MFSA for supervisory purposes. Multitude Bank has processes to ensure that the external capital require- ments are met, and during the financial year ended 31 December 2023 and 2022 Multitude Bank has met all external capital requirements. In addition, Multitude Bank is required to fulfil its Payment Commitment requirements under the Depositor Compensation Scheme (DCS). The DCS provides compensation, up to a certain limit, to eligible customers of the credit institutions that are unable, or likely to be unable, to pay claims against them. According to bond documentation Multitude SE is obliged to ensure that the Group\u2019s consolidat- ed equity is maintained at certain levels on each reporting date. These measurements include a Maintenance Covenant. The Maintenance Covenant shall be calculated based on the accounting standards of IFRS applica- ble to the Group and tested by reference to each of the consolidated financial statements on each reference date with respect to the reference period ending on such reference date. The first test date was 31 December 2022. Multitude SE shall ensure that the consolidated Net Equity Ratio as defined in the relevant bond term is at least 18% at all times. Restricted Distributions, such as dividend payments, are limited to 50% of the Group's previous year's net profit. Distribution of more than 50% of net profit is permitted in case a Distribution Test is met as defined in the bond terms. For the purpose of the Distribution Test the Net Equity Ratio should be more than 25%. Net Equity Ratio is 30.2% as of 31 December 2022 and 26.0% as of 31 December 2023. EUR \u2018000 CashGross debt, Gross debt, Perpetual Net debt and cash due within 1 due after 1 bonds equivalents year year AS AT 1 JANUARY 2022 301,592 (486,342) (141,772) (50,000) (376,522) Proceeds from debt securities - 87,072 - - 87,072 Repayment of debt securities - (182,150) - - (182,150) Net decrease in deposits from customers - 159,028 13,371 - 172,399 Net decrease in cash and cash (144,338) - - - (144,338) equivalents Foreign exchange adjustments (3,929) - - - (3,929) AT 31 DECEMBER 2022 153,325 (422 , 392) (128,401) (50,000) (447,468) Repayment of perpetual bonds - - - 5,000 5,000 Net increase in deposits from customers - (62,131) (167, 231) - (229,362) Net increase in cash and cash 130,541 - - - 130,541 equivalents Foreign exchange adjustments (154) - - - (154) AT 31 DECEMBER 2023 283,712 (484, 523) (295,632) (45,000) (541,443) ",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  "fact-481": {
   "value": "5. Group companies 5.1 Organisational structure of the Group The Group organisational structure with ownership interest in subsidiaries as at 31 December 2023 and comparative 31 December 2022 is shown in the table below: Subsidiary Country 2023 2022 Bhawana Capital Private Limited India 99.27% 99.27% Bidellus Bangladesh Ltd Bangladesh - 100% CapitalBox AB Sweden 100% 100% CapitalBox GmbH Germany - 100% Ferratum (Malta) Holding Limited Malta 100% 100% Ferratum Australia Pty Ltd Australia - 100% Multitude Bank p.l.c. Malta 100% 100% Ferratum Brazil Servicos De Correspondente Brazil - 100% Bancario Ltda Ferratum Bulgaria EOOD Bulgaria 100% 100% Vector Procurement Solutions Inc. Canada 100% 100% Ferratum Capital Germany GmbH Germany - 100% Ferratum Capital Oy Finland 100% 100% Ferratum Czech s.r.o. Czechia - 100% Ferratum Latvia SIA Latvia 100% 100% Ferratum Mexico S. de R.L. de C.V. Mexico 100% 100% Ferratum Portfolio S.\u00e0 r.l. Luxembourg 100% 100% Ferratum Romania I.F.N.S.A. Romania 100% 100% fe Business Services O\u00dc Estonia 100% 100% Guarantee Services O\u00dc Estonia 100% 100% Multitude IT Labs s.r.o. Slovakia 100% 100% Inari Servi\u00e7os Financeiros Ltda Brazil - 100% Mr Credit Pty Ltd Australia - 100% Multitude Global Services Corp Philippines 99.94% 99.94% Multitude International Services Oy Finland 100% 100% Multitude Services Sweden AB Sweden 100% 100% Numeratum d.o.o. Croatia 100% 100% Pactum Collections GmbH Germany 100% 100% Pactum Poland Sp. z.o.o. Poland - 100% Saldodipje SL Spain 100% 100% Saldo Gestion SL Spain 100% 100% Suomen Joustava Oy Finland 100% 100% Multitude Services Lithuania UAB Lithuania 100% 100% Multitude Group does not have any joint ventures. Multitude has investment into associates not included in the table above and disclosed in Note 5.3. The Group also had several changes to its organisational structure in 2023: Ferratum Australia Pty Ltd., Bidellus Bangladesh Ltd, Inari Servi\u00e7os Financeiros Ltda and Ferratum Brazil Servicos De Correspondente Bancario Ltda were sold; Mr Credit Pty Ltd and Ferratum Czech s.r.o. were voluntarily liquidated; Ferratum Capital Germany GmbH and Capital Box GmbH were merged with Pactum Collections GmbH . 5.2 Nature, purpose and extent of the Group\u2019s exposure to structured entities In the course of its business, the Group\u2019s activities include transactions with structured entity designed to achieve a specific business objective. A structured entity has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. The primary use of structured entities is to provide Multitude and its clients and customers with  specific pools of assets and to provide access to liquidity for clients through asset securitisations. Structured entities generally finance the purchase of assets through securitisation and, therefore, raise finance from external investors by enabling them to invest in parcels of specified financial assets. A structured entity has the following features or attributes: \u2022 Restricted activities \u2022 Insufficient equity to permit the structured entity to finance its activities without subordinated financial support \u2022 Financing in the form of multiple contractually linked instruments to investors that create con- centrations of credit or other risks (tranches). Multitude only has one consolidated structured entity, Ferratum Portfolio S.\u00e0 r.l. which is a secu- ritisation vehicle helping with the purchase of asset-backed securities connected to CapitalBox\u2019s SME lending business. The vehicle funds these purchases by issuing multiple tranches of debt securities. There are no investors other than Multitude Bank p.l.c. All investments are considered to be intra-group balances which are eliminated for consolidation purposes. 5.3 Interests in associates Multitude has made an equity investment of 19.97% in Sortter which a FinTech company incorpo- rated in Finland in 2018, that compares and ranks financial services for its customers in the similar way hotels or flights are compared online. Multitude also acquired a share option to purchase the remaining interest from other shareholders as part of the total purchase price and integral to the transaction. Apart from equity investment Multitude has given the corporate loan for the amount of EUR 8.0 million for the purpose of funding operational activity of Sortter. Partnership of Multitude Group with Sortter Oy includes provision of leads and introduction of new clients. The estimated profit after tax of EUR 6 thousand from participation in the investment was recognised as share of result in associated companies in the consolidated statement of profit or loss for 2023. There are no substantial investments into associates and hence the Group presents the following aggregated information as at 31 December 2023 in the table below. EUR \u2019000 2023 Carrying amount of investment in associates 1,022 Aggregate amounts of the Group\u2019s share of: Profit from continuing operations 6 Other comprehensive income - Total comprehensive income 6 Due to the classification of investment into Sortter Oy as an investment in associates, the equity investment of EUR 1.0 million and corporate loan of EUR 7.8 million will be considered balances with related parties in the financial year 2023 (Note 25). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "Multitude Group does not have any joint ventures.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "6. Segment information Multitude has three independent business units, Ferratum, CapitalBox and SweepBank, which are considered operating and reportable segments within the definition described in IFRS 8. Multi- tude Bank is a regulatory service provider for each business unit within the Group. Multitude has reviewed the role of CODM in 2023. The CODM is defined as Group CEO, who is supported by business unit CEOs. The measurement principles and allocation between business units follow the information provided to CODM as required by IFRS 8. The CODM monitors the operating results of its business units separately for the purpose of mak- ing decisions about resource allocation and performance assessment. Business unit performance is evaluated based on the earnings before interest expense and tax and is reconciled consistently to profit before income tax in the consolidated financial statements. SweepBank SweepBank simplifies and personalises shopping and financing for young, tech-savvy adults and other underserved segments into one user-friendly app. SweepBank offered three products: Prime Loan, Credit Card and Bank Account, and operated actively across three markets, Finland, Germa- ny and Latvia. SweepBank\u2019s offering is serviced solely through Multitude Bank p.l.c. The SweepBank Credit Card, a Mastercard\u00ae without annual or monthly fees, allows financing small- er purchases of up to EUR 8,000. The card offers free liability coverage for purchases with it and up to 60 days interest-free period. Customers can also use the card as a flexible credit facility by withdrawing money from it directly into their bank account, a feature that is growing in popularity among customers. Prime Loans, longer-term instalment loans for consumers, enable higher purchases, like home renovations, cars and other more significant purchases. The loans can amount to up to EUR 15,000 with loan maturities ranging between 1-7 years. SweepBank offers current accounts with up to 1% interest p.a. and fixed-term deposit accounts with up to 4% interest p.a. (max. deposit EUR 100,000) for up to three years. SweepBank also includes the Secured Debt product that is report- ed as debt investments in the consolidated statements. Ferratum Ferratum offers digital loans for the daily needs of individuals, such as unplanned, short-term financing needs resulting from unexpected life events. By the end of 2023, Ferratum offered two distinct product categories: Instalment loans (including Plus Loans and Micro Loans) and revolving loans (Credit Limit). The business unit\u2019s operations spanned across 13 markets: Bulgaria, Croatia, Czechia, Denmark, Estonia, Finland, Germany, Latvia, the Netherlands, Norway, Romania, Slovenia and Sweden. Ferratum\u2019s services are provided via Multitude Bank p.l.c. and other Group compa- nies, with 75% of revenue attributed to Multitude Bank p.l.c. Ferratum\u2019s standout offering, the Credit Limit, is a pre-approved credit line that\u2019s often referred to as revolving credit. This unique service delivers enhanced financial flexibility on an ongoing basis. Eligible customers are granted pre-approval for amounts up to EUR 5,000. They have the freedom to withdraw funds and repay them without being tied to fixed sums or strict timelines. For those seeking immediate financial solutions, the Plus Loan is offered. Designed to address higher financial needs, this service provides loan amounts ranging from EUR 300 to EUR 4,000. Customers can choose repayment periods spanning 2 to 18 months, with repayments spread even- ly over the loan duration. For quick and short-term financing, Micro Loans, also known as bullet loans, meets the need for instant financial relief. These loans range from EUR 25 to EUR 1,000 with customers settling the entire loan amount in a single instalment within 7 to 60 days. CapitalBox CapitalBox provides financing solutions to small and medium-sized businesses (SMEs). By the end of 2023, CapitalBox had established four distinct products: Secured Loans, Instalment Loans, Credit Lines, Purchase Financing (BNPL). CapitalBox operated in five markets: Finland, Sweden, Denmark, Lithuania, and the Netherlands. One of the key offerings from CapitalBox is its unsecured Instalment Loans, which extend up to EUR 350,000. These loans come with flexible repayment periods spanning 6 to 48 months. They are specifically tailored to assist SMEs in funding various aspects of their operations such as expansion, inventory management, marketing efforts, hiring new personnel, and acquiring or leasing equipment. On average, businesses borrow around EUR 21,300 with a typical loan duration of 22 months. Another financing option provided by CapitalBox is the Credit Line. This dynamic form of financ- ing grants SMEs access to a credit limit ranging from EUR 2,000 to EUR 150,000. Additionally, CapitalBox collaborates with retail partners to offer financing solutions to business customers, enabling them to make purchases right at the point of sale. In the year 2023, CapitalBox introduced a new product known as the Secured Loan. This product was launched initially in Finland and Lithuania, and is planned to roll out in other markets as well. The Secured Loan is designed to support larger investments aimed at driving growth for SMEs. The loan amount for this product can go as high as EUR 3.0 million. CapitalBox recently introduced a tailored Purchase Financing or Buy Now, Pay Later (BNPL) prod- uct explicitly designed for SMEs. This financial solution provides businesses with flexible access to up to EUR 20,000 in funding without requiring collateral. The product, currently available in Finland, is strategically crafted to support SMEs in managing cash flow effectively, enabling them to invest in growth opportunities without immediate financial strain. In summary, CapitalBox serves as a financial partner to SMEs, offering a range of financing solutions that cater to their diverse needs, from everyday operational expenses to substantial investments in growth. The results of operations from the Group's operating and reportable segments for current period 2023 and comparable period 2022 are shown in the tables below Operating and reportable segments for 2023: EUR \u2019000 FerratumSweep- Capital- Total Bank* Box Revenue 192,731 23,137 24,686 240,554 Credit losses (62,760) (16,197) (6,635) (85,591) EBIT (reported to CODM) 59,079 (15,258) 1,735 45,556 Net AR 343,256 189,217 103,697 636,170 *Includes Secured Debt product . Operating and reportable segments for restated 2022: EUR \u2019000 FerratumSweep- Capital- Restated Bank* Box Total Revenue 184,776 15,961 21,395 222,132 Credit losses (59,075) (11,722) (7,838) (78,635) EBIT (reported to CODM) 53,694 (21,144) (994) 31,555 Net AR 293,216 147,354 86,118 526,688 *Includes Secured Debt product . The CODM uses EBIT (Earnings before interest expense and taxes) for their management plans and decision-making processes. The EBIT structure is intricately defined to encompass the main oper- ating activity before finance costs, including interest expenses and fair value and foreign exchange gains and losses. The CODM employs revenue, credit losses, EBIT, and Net AR as key metrics to evaluate the performance of each business unit. Each metric is reconciled with one of the financial statement line items from the consolidated statements as numbers presented to CODM do not follow presentation requirements of IFRS. 2022 EBIT for business units does not reconcile with the amounts presented in the 2022 consolidated financial statements due to restatements triggered by the change in accounting policies that led to reclassification of certain financial statement line items and the amendment of errors in accounting treatment of reminder fees, collection costs and scoring costs (Note 26). CODM reviews total revenue that consists of interest income and fee and commission income and does not include all components of EIR to resemble cash income from clients not affected by accounting policies. Reconciliation between revenue and interest income is presented below for explanation of the relationship between CODM report line items and consolidated financial statements line items. CODM reviews credit losses that do not include invoicing and collection costs reported under general and administrative expense. Reconciliation between credit losses and impairment loss on loans to customers is presented below for explanation of the relationship between CODM report line items and consolidated financial statements line items. CODM reviews net accounts receivable (Net AR) which essentially includes loans to customers that are adjusted for issue costs. Reconciliation between net AR and loans to customers is present- ed below for explanation of the relationship between CODM report line items and consolidated financial statements line items. Reconciliation between EBIT and profit before income tax, is presented in the table below for both the financial years 2023 and 2022. Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . Reconciliation of credit losses to impairment loss loans to customers: EUR '000 2023 Restated 2022 Credit losses (85,591) (78,635) Other reconciliation items: Invoicing and collection costs reported as general and administrative expense in CODM report (3,835) (5,985) Intragroup eliminations and adjustments not included in CODM report* 173 (26) Impairment loss on loans to customers (89,253) (84,646) * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 Reconciliation of net AR to consolidated loans to customers: EUR '000 2023 Restated 2022 Net AR 636,170 526,688 Other reconciliation items: Broker fee capitalisation to loans to customers as part of directly attributable acquisition costs in EIR reported as prepaid selling and marketing expense in CODM report 11,416 9,845 Debt investments and loan to Sortter Oy (70,262) (29,247) Intragroup eliminations and adjustments not included in CODM report* (1,376) (211) Loans to customers 575,948 507,075 * Eliminations include accounting adjustments for reclassifications, additional ECL for invoicing and collection costs, intragroup sales of portfolio and associated gain or loss as well as accruals for loas in Stage 3 Reconciliation of EBIT reported to CODM to consolidated profit before income taxes: EUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 * Eliminations include accounting adjustments for reclassification of interest income from deposits and related parties not included in CODM report for EBIT but considered interest expense below EBIT, reclassification of depositor guarantee scheme cost not included in CODM report for EBIT but considered interest expense, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . New business unit In November 2023, Multitude announced the plan to optimise the structure of its reportable seg- ments and create a new business unit by rebranding the part of the SweepBank business. The new business unit will be called Wholesale banking and be led by the CEO of Multitude Bank, Antti Kumpulainen. It will be operational starting 1 January 2024 and be offering Secured Debt products reported currently under SweepBank unit as debt investments financial statement line item in the consolidated statements for 2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
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  "fact-484": {
   "value": "Operating and reportable segments for 2023: EUR \u2019000 FerratumSweep- Capital- Total Bank* Box Revenue 192,731 23,137 24,686 240,554 Credit losses (62,760) (16,197) (6,635) (85,591) EBIT (reported to CODM) 59,079 (15,258) 1,735 45,556 Net AR 343,256 189,217 103,697 636,170 *Includes Secured Debt product . Operating and reportable segments for restated 2022: EUR \u2019000 FerratumSweep- Capital- Restated Bank* Box Total Revenue 184,776 15,961 21,395 222,132 Credit losses (59,075) (11,722) (7,838) (78,635) EBIT (reported to CODM) 53,694 (21,144) (994) 31,555 Net AR 293,216 147,354 86,118 526,688 *Includes Secured Debt product .     Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 7. Interest income and expense Interest income EUR \u2019000 2023Restated 2022 Country of domicile Finland 25,250 25,856 Northern Europe Sweden, Denmark, Norway 74,140 67,559 Western Europe Germany, Netherlands, Spain 43,923 37,195 Eastern Europe* Bulgaria, Croatia, Czechia, Estonia, Latvia, 85,370 75,574 Lithuania, Poland, Romania Other Australia, Brazil, Mexico, New Zealand 1,776 6,290 Total interest income 230,459 212,474 The Group analyses interest income by type and geographic market that represents how economic factors impact the nature, amount, timing, uncertainty, and cash flows of the above income streams. Interest income recognised per geographic market, including the composition of each geographic market, for the comparative periods and presented for each type separately, are as follows: EUR \u2019000 2023 Restated 2022 Interest income on loans to customers 223,550 211,817 Interest income on debt investments 4,630 654 Interest income on bank deposits 2,279 3 Total interest income 230,459 212,474 * There are no active business or portfolios in Belarus, Ukraine, or Russian Federation 8. Fee and commission income EUR \u2019000 2023 Restated 2022 Fee income on loans to customers that is not part of EIR 42 20 Other fee and commission income 21 12 Total fee and commission income 63 32 There are no contract assets and liabilities relating to fee and commission income as at 31 Decem- ber 2023 and 2022. There are no significant payment terms concerning the fee and commission income and no discounting to present value is applied Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "Operating and reportable segments for 2023: EUR \u2019000 FerratumSweep- Capital- Total Bank* Box Revenue 192,731 23,137 24,686 240,554 Credit losses (62,760) (16,197) (6,635) (85,591) EBIT (reported to CODM) 59,079 (15,258) 1,735 45,556 Net AR 343,256 189,217 103,697 636,170 *Includes Secured Debt product . Operating and reportable segments for restated 2022: EUR \u2019000 FerratumSweep- Capital- Restated Bank* Box Total Revenue 184,776 15,961 21,395 222,132 Credit losses (59,075) (11,722) (7,838) (78,635) EBIT (reported to CODM) 53,694 (21,144) (994) 31,555 Net AR 293,216 147,354 86,118 526,688 *Includes Secured Debt product . Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . 7. Interest income and expense Interest income EUR \u2019000 2023Restated 2022 Country of domicile Finland 25,250 25,856 Northern Europe Sweden, Denmark, Norway 74,140 67,559 Western Europe Germany, Netherlands, Spain 43,923 37,195 Eastern Europe* Bulgaria, Croatia, Czechia, Estonia, Latvia, 85,370 75,574 Lithuania, Poland, Romania Other Australia, Brazil, Mexico, New Zealand 1,776 6,290 Total interest income 230,459 212,474 The Group analyses interest income by type and geographic market that represents how economic factors impact the nature, amount, timing, uncertainty, and cash flows of the above income streams. Interest income recognised per geographic market, including the composition of each geographic market, for the comparative periods and presented for each type separately, are as follows: EUR \u2019000 2023 Restated 2022 Interest income on loans to customers 223,550 211,817 Interest income on debt investments 4,630 654 Interest income on bank deposits 2,279 3 Total interest income 230,459 212,474 * There are no active business or portfolios in Belarus, Ukraine, or Russian Federation 8. Fee and commission income EUR \u2019000 2023 Restated 2022 Fee income on loans to customers that is not part of EIR 42 20 Other fee and commission income 21 12 Total fee and commission income 63 32 There are no contract assets and liabilities relating to fee and commission income as at 31 Decem- ber 2023 and 2022. There are no significant payment terms concerning the fee and commission income and no discounting to present value is applied . Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
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    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . Reconciliation of EBIT reported to CODM to consolidated profit before income taxes: EUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 * Eliminations include accounting adjustments for reclassification of interest income from deposits and related parties not included in CODM report for EBIT but considered interest expense below EBIT, reclassification of depositor guarantee scheme cost not included in CODM report for EBIT but considered interest expense, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . 7. Interest income and expense Interest income EUR \u2019000 2023Restated 2022 Country of domicile Finland 25,250 25,856 Northern Europe Sweden, Denmark, Norway 74,140 67,559 Western Europe Germany, Netherlands, Spain 43,923 37,195 Eastern Europe* Bulgaria, Croatia, Czechia, Estonia, Latvia, 85,370 75,574 Lithuania, Poland, Romania Other Australia, Brazil, Mexico, New Zealand 1,776 6,290 Total interest income 230,459 212,474 The Group analyses interest income by type and geographic market that represents how economic factors impact the nature, amount, timing, uncertainty, and cash flows of the above income streams. Interest income recognised per geographic market, including the composition of each geographic market, for the comparative periods and presented for each type separately, are as follows: EUR \u2019000 2023 Restated 2022 Interest income on loans to customers 223,550 211,817 Interest income on debt investments 4,630 654 Interest income on bank deposits 2,279 3 Total interest income 230,459 212,474 * There are no active business or portfolios in Belarus, Ukraine, or Russian Federation . Interest expense EUR \u2019000 2023 Restated 2022 Interest expense on debt securities (12,719) (9,430) Interest expense on deposits from customers (9,093) (4, 367) Interest expenses on lease liabilities (425) (230) Total interest expense (22,237) (14,027) Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Rent expenses related to short-term and low value leases, and depreciation of right-of-use assets are presented under general and administrative expense and depreciation and amortisation, re- spectively, in operating expenses (Note 11). Interest expense on lease liabilities is presented under interest expense (Note 7). There is no expense in relation to variable lease payments . Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) *Other related parties include the companies related to Leadership Team members. Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 7. Interest income and expense Interest income EUR \u2019000 2023Restated 2022 Country of domicile Finland 25,250 25,856 Northern Europe Sweden, Denmark, Norway 74,140 67,559 Western Europe Germany, Netherlands, Spain 43,923 37,195 Eastern Europe* Bulgaria, Croatia, Czechia, Estonia, Latvia, 85,370 75,574 Lithuania, Poland, Romania Other Australia, Brazil, Mexico, New Zealand 1,776 6,290 Total interest income 230,459 212,474 The Group analyses interest income by type and geographic market that represents how economic factors impact the nature, amount, timing, uncertainty, and cash flows of the above income streams. Interest income recognised per geographic market, including the composition of each geographic market, for the comparative periods and presented for each type separately, are as follows: EUR \u2019000 2023 Restated 2022 Interest income on loans to customers 223,550 211,817 Interest income on debt investments 4,630 654 Interest income on bank deposits 2,279 3 Total interest income 230,459 212,474 * There are no active business or portfolios in Belarus, Ukraine, or Russian Federation . EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) *Other related parties include the companies related to Leadership Team members. Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . Reconciliation of EBIT reported to CODM to consolidated profit before income taxes: EUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 * Eliminations include accounting adjustments for reclassification of interest income from deposits and related parties not included in CODM report for EBIT but considered interest expense below EBIT, reclassification of depositor guarantee scheme cost not included in CODM report for EBIT but considered interest expense, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . 7. Interest income and expense Interest income EUR \u2019000 2023Restated 2022 Country of domicile Finland 25,250 25,856 Northern Europe Sweden, Denmark, Norway 74,140 67,559 Western Europe Germany, Netherlands, Spain 43,923 37,195 Eastern Europe* Bulgaria, Croatia, Czechia, Estonia, Latvia, 85,370 75,574 Lithuania, Poland, Romania Other Australia, Brazil, Mexico, New Zealand 1,776 6,290 Total interest income 230,459 212,474 The Group analyses interest income by type and geographic market that represents how economic factors impact the nature, amount, timing, uncertainty, and cash flows of the above income streams. Interest income recognised per geographic market, including the composition of each geographic market, for the comparative periods and presented for each type separately, are as follows: EUR \u2019000 2023 Restated 2022 Interest income on loans to customers 223,550 211,817 Interest income on debt investments 4,630 654 Interest income on bank deposits 2,279 3 Total interest income 230,459 212,474 * There are no active business or portfolios in Belarus, Ukraine, or Russian Federation . Interest expense EUR \u2019000 2023 Restated 2022 Interest expense on debt securities (12,719) (9,430) Interest expense on deposits from customers (9,093) (4, 367) Interest expenses on lease liabilities (425) (230) Total interest expense (22,237) (14,027) Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Rent expenses related to short-term and low value leases, and depreciation of right-of-use assets are presented under general and administrative expense and depreciation and amortisation, re- spectively, in operating expenses (Note 11). Interest expense on lease liabilities is presented under interest expense (Note 7). There is no expense in relation to variable lease payments . Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) *Other related parties include the companies related to Leadership Team members. Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 8. Fee and commission income EUR \u2019000 2023 Restated 2022 Fee income on loans to customers that is not part of EIR 42 20 Other fee and commission income 21 12 Total fee and commission income 63 32 There are no contract assets and liabilities relating to fee and commission income as at 31 Decem- ber 2023 and 2022. There are no significant payment terms concerning the fee and commission income and no discounting to present value is applied Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Renaming of financial statement line items for alignment with the financial industry: Interest revenue has been renamed to interest income. Service fee revenue has been renamed to fee and commission income. Finance cost has been renamed to interest expense and reclassified to net interest income. Bank and lending costs have been merged with general and administrative expense . Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 Reconciliation of credit losses to impairment loss loans to customers: EUR '000 2023 Restated 2022 Credit losses (85,591) (78,635) Other reconciliation items: Invoicing and collection costs reported as general and administrative expense in CODM report (3,835) (5,985) Intragroup eliminations and adjustments not included in CODM report* 173 (26) Impairment loss on loans to customers (89,253) (84,646) * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . Reconciliation of net AR to consolidated loans to customers: EUR '000 2023 Restated 2022 Net AR 636,170 526,688 Other reconciliation items: Broker fee capitalisation to loans to customers as part of directly attributable acquisition costs in EIR reported as prepaid selling and marketing expense in CODM report 11,416 9,845 Debt investments and loan to Sortter Oy (70,262) (29,247) Intragroup eliminations and adjustments not included in CODM report* (1,376) (211) Loans to customers 575,948 507,075 * Eliminations include accounting adjustments for reclassifications, additional ECL for invoicing and collection costs, intragroup sales of portfolio and associated gain or loss as well as accruals for loas in Stage 3 . Interest expense EUR \u2019000 2023 Restated 2022 Interest expense on debt securities (12,719) (9,430) Interest expense on deposits from customers (9,093) (4, 367) Interest expenses on lease liabilities (425) (230) Total interest expense (22,237) (14,027) 10. Other income and expenses EUR \u2019000 2023 Restated 2022 OTHER INCOME: Gain from disposal of property, plant and equipment - 14 Gain from disposal of right-of-use assets* 30 52 Other income - 3 Total other income 30 70 OTHER EXPENSES: Loss on disposal of property, plant and equipment** (98) - Loss on disposal of intangible assets - (33) Loss from disposal of subsidiaries*** (404) (636) Total other expenses (502) (669) *Gain from disposal of right-of-use assets includes positive impact from cancelation of lease agreements before expected lease term. **Loss of disposal of property, plant and equipment includes EUR 18 thousand of impairment in 2023. *** Loss from disposal of subsidiaries includes net loss on disposal of Ferratum Australia Pty Ltd., Ferratum Czech s.r.o., Inari Servi\u00e7os Financeiros Ltda, Ferratum Brazil Servicos De Correspondente Bancario Ltda and Bidellus Bangladesh Ltd. in 2023 11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) *Includes EUR 4.1 million of invoicing and collection costs in 2023 (2022: EUR 5.7 million). **Includes depositor compensation scheme contributions for the total amount of EUR 2.1 million in 2023 (2022: EUR 0.5 million). Audit and non-audit fees from audit companies The following table shows the breakdown of audit fees included in professional fees category of general and administrative expense in 2023 and 2022. EUR \u2019000 2023 2022 PWC: Audit fees (634) (698) Non-audit fees: Audit-related services (64) - Tax advice (27) (16) Other non-audit services (95) (91) OTHER AUDIT COMPANIES: Audit fees (53) (146) Total audit fees (687) (844) Total non-audit fees (186) (107) Total fees from audit companies (873) (951) Only non-audit fees paid by Multitude Group companies to audit companies performing the local statutory audits of said Multitude Group companies are included in the disclosure above. 12. Income tax expenses EUR \u2019000 2023 Restated 2022 CURRENT TAX: Current tax on profits for the year (1,350) (877) Adjustments for current tax of prior periods 82 (45) Other direct taxes * - (302) Total current tax (1,268) (1,223) DEFERRED TAX: Origination and reversal of temporary differences (1,283) (594) Total deferred tax (1,283) (594) Total income tax expense (2,551) (1,817) The tax on the Group\u2019s profit before tax differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated entities as follows: EUR \u2019000 2023 Restated 2022 Profit before tax 18,990 13,590 Tax calculated at Finnish tax rate of 20% (20% in 2022) (3,878) (2,772) Tax effects of: Difference between Finnish tax rate and rates in other countries 1,895 2,293 Income not subject to tax 6 317 Expenses not deductible for tax purposes (628) (25) Utilisation of previously unrecognised tax losses 593 213 Tax losses for which no deferred income tax asset was recognised (3) (727) Write down of previously recognised tax losses (618) (770) Adjustments for current tax of prior periods 82 (45) Other direct taxes - (302) Total income tax expense (2,551) (1,817) *Other direct taxes relate to trade tax paid in Germany . 16. Prepaid expenses and other assets EUR \u2019000 2023 Restated Restated 2022 2021 Prepaid expenses 2,725 (3) 1,077 VAT receivables 115 239 207 Other assets 1 1 40 Total 2,841 237 1,324 17. Intangible assets EUR \u2018000 InternallyComputer Other in- Total generated Software tangible software assets ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2023 54,635 23,643 2,965 81,244 For the year ended 31 December 2023: Additions 9,776 851 - 10,627 Disposals - (13) (6) (19) Translation differences - - 4 4 Acquisition costs, as at 31 December 2023 64,411 24,481 2,963 91,855 ACCUMULATED AMORTISATION As at 1 January 2023 (32,387) (14,800) (2,657) (49,845) For the year ended 31 December 2023: Cumulative amortisation on disposals - 13 6 19 Amortisation (Note 11) (9,982) (2,517) (63) (12,561) Cumulative amortisation, as at 31 December 2023 (42,369) (17, 304) (2,714) (62,387) Net carrying amount, as at 1 January 2023 22,248 8,844 308 31,400 Net carrying amount, as at 31 December 2023 22,041 7,178 249 29,468 ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2022 44,127 30,075 2,965 77,167 For the year ended 31 December 2022: Additions 10,508 - 61 10,569 Disposals - (6,432) - (6,432) Translation differences - - (61) (61) Acquisition costs, as at 31 December 2022 54,635 23,643 2,965 81,244 ACCUMULATED AMORTISATION AND IMPAIRMENT As at 1 January 2022 (22,754) (15,955) (2,608) (41, 317) For the year ended 31 December 2022: Cumulative amortisation on disposals - 6,399 - 6,399 Amortisation (Note 11) (9,633) (5,244) (49) (14,926) Cumulative amortisation, as at 31 December 2022 (32,387) (14,800) (2,657) (49,844) Net carrying amount, as at 1 January 2022 21,373 14,120 357 35,850 Net carrying amount, as at 31 December 2022 22,248 8,844 308 31,400  There are no intangible assets pledged as securities for liabilities . 18. Leases Right-of-use assets, for the year ended and as at 31 December EUR \u2019000 Office Office Total buildings equipment ACQUISITION COSTS As at 1 January 2023 10,125 1,614 11,738 For the year ended 31 December 2023: Additions 591 1,600 2,190 Disposals - - - Acquisition costs, as at 31 December 2023 10,716 3,213 13,929 ACCUMULATED DEPRECIATION As at 1 January 2023 (6,351) (775) (7,125) For the year ended 31 December 2023: Revaluation (Note 10) 30 - 30 Depreciation (Note 11) (1,517) (498) (2,015) Cumulative depreciation, as at 31 December 2023 (7, 838) (1,272) (9,110) Net carrying amount, as at 1 January 2023 3,774 839 4,613 Net carrying amount, as at 31 December 2023 2,878 1,941 4,819 ACQUISITION COSTS As at 1 January 2022 6,681 757 7,438 For the year ended 31 December 2022: Additions 3,899 857 4,756 Disposals (455) - (455) Acquisition costs, as at 31 December 2022 10,125 1,614 11,738 ACCUMULATED DEPRECIATION Cumulative depreciation, as at 1 January 2022 (5,224) (596) (5,819) For the year ended 31 December 2022: Disposals 455 - 455 Revaluation (Note 10) 52 - 52 Depreciation (Note 11) (1,634) (179) (1,813) Cumulative depreciation, as at 31 December 2022 (6,351) (775) (7,125) Net carrying amount, as at 1 January 2022 1,457 161 1,618 Net carrying amount, as at 31 December 2022 3,774 839 4,613 There are no material translation differences recognised on right-of-use asset. Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Rent expenses related to short-term and low value leases, and depreciation of right-of-use assets are presented under general and administrative expense and depreciation and amortisation, re- spectively, in operating expenses (Note 11). Interest expense on lease liabilities is presented under interest expense (Note 7). There is no expense in relation to variable lease payments 19. Property, plant and equipment EUR \u2019000 Office building Furnitures, Total fittings, and equipment ACQUISITION COSTS As at 1 January 2023 2,707 3,533 6,240 For the year ended 31 December 2023: Additions 18 338 356 Disposals* - (81) (81) Translation differences - - - Acquisition costs, as at 31 December 2023 2,725 3,790 6,515 ACCUMULATED DEPRECIATION As at 1 January 2023 (761) (2,399) (3,160) For the year ended 31 December 2023 Depreciation (Note 11) (160) (281) (441) Impairment (Note 10) - (17) (17) Cumulative depreciation, as at 31 December 2023 (921) (2,697) (3,618) Net carrying amount, as at 1 January 2023 1,947 1,134 3,081 Net carrying amount, as at 31 December 2023 1,804 1,094 2,898 ACQUISITION COSTS As at 1 January 2022 2,523 4,556 7,079 For the year ended 31 December 2022: Additions 184 275 460 Disposals - (1,298) (1,298) Translation differences - - - Acquisition costs, as at 31 December 2022 2,707 3,533 6,240 ACCUMULATED DEPRECIATION As at 1 January 2022 (618) (3,057) (3,675) For the year ended 31 December 2022 Depreciation (Note 11) (143) (640) (783) Disposals - 1,298 1,298 Cumulative depreciation, as at 31 December 2022 (761) (2,399) (3,160) Net carrying amount, as at 1 January 2022 1,906 1,498 3,404 Net carrying amount, as at 31 December 2022 1,947 1,134 3,081 *Loss of EUR 81 thousand was recored as other expense for the disposals of furnitures, fittings, and equipment in 2023 . There are no contractual commitments to acquire property, plant and equipment. There are no property, plant and equipment which are pledged as securities for liabilities. There are no material translation differences recognised on property, plant and equipment Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) Key management compensation The table below outlines the related party transactions involving Members of Multitude's Board and Leadership Team, encompassing gross salary and short-term benefits, share-based payments, and employer contributions to defined contribution post-employment plans EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 *The retirement age of CEO is 65 years, and he has no defined benefit pension plan. **Including remuneration in the role of Deputy CEO Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 Reconciliation of credit losses to impairment loss loans to customers: EUR '000 2023 Restated 2022 Credit losses (85,591) (78,635) Other reconciliation items: Invoicing and collection costs reported as general and administrative expense in CODM report (3,835) (5,985) Intragroup eliminations and adjustments not included in CODM report* 173 (26) Impairment loss on loans to customers (89,253) (84,646) * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . Reconciliation of net AR to consolidated loans to customers: EUR '000 2023 Restated 2022 Net AR 636,170 526,688 Other reconciliation items: Broker fee capitalisation to loans to customers as part of directly attributable acquisition costs in EIR reported as prepaid selling and marketing expense in CODM report 11,416 9,845 Debt investments and loan to Sortter Oy (70,262) (29,247) Intragroup eliminations and adjustments not included in CODM report* (1,376) (211) Loans to customers 575,948 507,075 * Eliminations include accounting adjustments for reclassifications, additional ECL for invoicing and collection costs, intragroup sales of portfolio and associated gain or loss as well as accruals for loas in Stage 3 . Interest expense EUR \u2019000 2023 Restated 2022 Interest expense on debt securities (12,719) (9,430) Interest expense on deposits from customers (9,093) (4, 367) Interest expenses on lease liabilities (425) (230) Total interest expense (22,237) (14,027) 10. Other income and expenses EUR \u2019000 2023 Restated 2022 OTHER INCOME: Gain from disposal of property, plant and equipment - 14 Gain from disposal of right-of-use assets* 30 52 Other income - 3 Total other income 30 70 OTHER EXPENSES: Loss on disposal of property, plant and equipment** (98) - Loss on disposal of intangible assets - (33) Loss from disposal of subsidiaries*** (404) (636) Total other expenses (502) (669) *Gain from disposal of right-of-use assets includes positive impact from cancelation of lease agreements before expected lease term. **Loss of disposal of property, plant and equipment includes EUR 18 thousand of impairment in 2023. *** Loss from disposal of subsidiaries includes net loss on disposal of Ferratum Australia Pty Ltd., Ferratum Czech s.r.o., Inari Servi\u00e7os Financeiros Ltda, Ferratum Brazil Servicos De Correspondente Bancario Ltda and Bidellus Bangladesh Ltd. in 2023 . 11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) Audit and non-audit fees from audit companies The following table shows the breakdown of audit fees included in professional fees category of general and administrative expense in 2023 and 2022. EUR \u2019000 2023 2022 PWC: Audit fees (634) (698) Non-audit fees: Audit-related services (64) - Tax advice (27) (16) Other non-audit services (95) (91) OTHER AUDIT COMPANIES: Audit fees (53) (146) Total audit fees (687) (844) Total non-audit fees (186) (107) Total fees from audit companies (873) (951) Only non-audit fees paid by Multitude Group companies to audit companies performing the local statutory audits of said Multitude Group companies are included in the disclosure above. 12. Income tax expenses EUR \u2019000 2023 Restated 2022 CURRENT TAX: Current tax on profits for the year (1,350) (877) Adjustments for current tax of prior periods 82 (45) Other direct taxes * - (302) Total current tax (1,268) (1,223) DEFERRED TAX: Origination and reversal of temporary differences (1,283) (594) Total deferred tax (1,283) (594) Total income tax expense (2,551) (1,817) The tax on the Group\u2019s profit before tax differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated entities as follows: EUR \u2019000 2023 Restated 2022 Profit before tax 18,990 13,590 Tax calculated at Finnish tax rate of 20% (20% in 2022) (3,878) (2,772) Tax effects of: Difference between Finnish tax rate and rates in other countries 1,895 2,293 Income not subject to tax 6 317 Expenses not deductible for tax purposes (628) (25) Utilisation of previously unrecognised tax losses 593 213 Tax losses for which no deferred income tax asset was recognised (3) (727) Write down of previously recognised tax losses (618) (770) Adjustments for current tax of prior periods 82 (45) Other direct taxes - (302) Total income tax expense (2,551) (1,817) *Other direct taxes relate to trade tax paid in Germany 16. Prepaid expenses and other assets EUR \u2019000 2023 Restated Restated 2022 2021 Prepaid expenses 2,725 (3) 1,077 VAT receivables 115 239 207 Other assets 1 1 40 Total 2,841 237 1,324 17. Intangible assets EUR \u2018000 InternallyComputer Other in- Total generated Software tangible software assets ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2023 54,635 23,643 2,965 81,244 For the year ended 31 December 2023: Additions 9,776 851 - 10,627 Disposals - (13) (6) (19) Translation differences - - 4 4 Acquisition costs, as at 31 December 2023 64,411 24,481 2,963 91,855 ACCUMULATED AMORTISATION As at 1 January 2023 (32,387) (14,800) (2,657) (49,845) For the year ended 31 December 2023: Cumulative amortisation on disposals - 13 6 19 Amortisation (Note 11) (9,982) (2,517) (63) (12,561) Cumulative amortisation, as at 31 December 2023 (42,369) (17, 304) (2,714) (62,387) Net carrying amount, as at 1 January 2023 22,248 8,844 308 31,400 Net carrying amount, as at 31 December 2023 22,041 7,178 249 29,468 ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2022 44,127 30,075 2,965 77,167 For the year ended 31 December 2022: Additions 10,508 - 61 10,569 Disposals - (6,432) - (6,432) Translation differences - - (61) (61) Acquisition costs, as at 31 December 2022 54,635 23,643 2,965 81,244 ACCUMULATED AMORTISATION AND IMPAIRMENT As at 1 January 2022 (22,754) (15,955) (2,608) (41, 317) For the year ended 31 December 2022: Cumulative amortisation on disposals - 6,399 - 6,399 Amortisation (Note 11) (9,633) (5,244) (49) (14,926) Cumulative amortisation, as at 31 December 2022 (32,387) (14,800) (2,657) (49,844) Net carrying amount, as at 1 January 2022 21,373 14,120 357 35,850 Net carrying amount, as at 31 December 2022 22,248 8,844 308 31,400  There are no intangible assets pledged as securities for liabilities . 18. Leases Right-of-use assets, for the year ended and as at 31 December EUR \u2019000 Office Office Total buildings equipment ACQUISITION COSTS As at 1 January 2023 10,125 1,614 11,738 For the year ended 31 December 2023: Additions 591 1,600 2,190 Disposals - - - Acquisition costs, as at 31 December 2023 10,716 3,213 13,929 ACCUMULATED DEPRECIATION As at 1 January 2023 (6,351) (775) (7,125) For the year ended 31 December 2023: Revaluation (Note 10) 30 - 30 Depreciation (Note 11) (1,517) (498) (2,015) Cumulative depreciation, as at 31 December 2023 (7, 838) (1,272) (9,110) Net carrying amount, as at 1 January 2023 3,774 839 4,613 Net carrying amount, as at 31 December 2023 2,878 1,941 4,819 ACQUISITION COSTS As at 1 January 2022 6,681 757 7,438 For the year ended 31 December 2022: Additions 3,899 857 4,756 Disposals (455) - (455) Acquisition costs, as at 31 December 2022 10,125 1,614 11,738 ACCUMULATED DEPRECIATION Cumulative depreciation, as at 1 January 2022 (5,224) (596) (5,819) For the year ended 31 December 2022: Disposals 455 - 455 Revaluation (Note 10) 52 - 52 Depreciation (Note 11) (1,634) (179) (1,813) Cumulative depreciation, as at 31 December 2022 (6,351) (775) (7,125) Net carrying amount, as at 1 January 2022 1,457 161 1,618 Net carrying amount, as at 31 December 2022 3,774 839 4,613 There are no material translation differences recognised on right-of-use asset. Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Rent expenses related to short-term and low value leases, and depreciation of right-of-use assets are presented under general and administrative expense and depreciation and amortisation, re- spectively, in operating expenses (Note 11). Interest expense on lease liabilities is presented under interest expense (Note 7). There is no expense in relation to variable lease payments . 19. Property, plant and equipment EUR \u2019000 Office building Furnitures, Total fittings, and equipment ACQUISITION COSTS As at 1 January 2023 2,707 3,533 6,240 For the year ended 31 December 2023: Additions 18 338 356 Disposals* - (81) (81) Translation differences - - - Acquisition costs, as at 31 December 2023 2,725 3,790 6,515 ACCUMULATED DEPRECIATION As at 1 January 2023 (761) (2,399) (3,160) For the year ended 31 December 2023 Depreciation (Note 11) (160) (281) (441) Impairment (Note 10) - (17) (17) Cumulative depreciation, as at 31 December 2023 (921) (2,697) (3,618) Net carrying amount, as at 1 January 2023 1,947 1,134 3,081 Net carrying amount, as at 31 December 2023 1,804 1,094 2,898 ACQUISITION COSTS As at 1 January 2022 2,523 4,556 7,079 For the year ended 31 December 2022: Additions 184 275 460 Disposals - (1,298) (1,298) Translation differences - - - Acquisition costs, as at 31 December 2022 2,707 3,533 6,240 ACCUMULATED DEPRECIATION As at 1 January 2022 (618) (3,057) (3,675) For the year ended 31 December 2022 Depreciation (Note 11) (143) (640) (783) Disposals - 1,298 1,298 Cumulative depreciation, as at 31 December 2022 (761) (2,399) (3,160) Net carrying amount, as at 1 January 2022 1,906 1,498 3,404 Net carrying amount, as at 31 December 2022 1,947 1,134 3,081 *Loss of EUR 81 thousand was recored as other expense for the disposals of furnitures, fittings, and equipment in 2023 . There are no contractual commitments to acquire property, plant and equipment. There are no property, plant and equipment which are pledged as securities for liabilities. There are no material translation differences recognised on property, plant and equipment Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 Other financial liabilities include trade payables and accrued financial liabilities for serviced re- ceived but not yet invoiced by the suppliers Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) Key management compensation The table below outlines the related party transactions involving Members of Multitude's Board and Leadership Team, encompassing gross salary and short-term benefits, share-based payments, and employer contributions to defined contribution post-employment plans EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 *The retirement age of CEO is 65 years, and he has no defined benefit pension plan. **Including remuneration in the role of Deputy CEO . Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
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    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  },
  "fact-492": {
   "value": "Reconciliation of revenue to consolidated interest income: EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 7. Interest income and expense Interest income EUR \u2019000 2023Restated 2022 Country of domicile Finland 25,250 25,856 Northern Europe Sweden, Denmark, Norway 74,140 67,559 Western Europe Germany, Netherlands, Spain 43,923 37,195 Eastern Europe* Bulgaria, Croatia, Czechia, Estonia, Latvia, 85,370 75,574 Lithuania, Poland, Romania Other Australia, Brazil, Mexico, New Zealand 1,776 6,290 Total interest income 230,459 212,474 The Group analyses interest income by type and geographic market that represents how economic factors impact the nature, amount, timing, uncertainty, and cash flows of the above income streams. Interest income recognised per geographic market, including the composition of each geographic market, for the comparative periods and presented for each type separately, are as follows: EUR \u2019000 2023 Restated 2022 Interest income on loans to customers 223,550 211,817 Interest income on debt investments 4,630 654 Interest income on bank deposits 2,279 3 Total interest income 230,459 212,474 * There are no active business or portfolios in Belarus, Ukraine, or Russian Federation . Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) *Other related parties include the companies related to Leadership Team members. Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "EUR '000 2023 Restated 2022 Revenue 240,554 222,132 Other reconciliation items: Broker fee capitalisation in EIR reported as selling and marketing expense in CODM report (12,239) (9,850) Scoring costs capitalisation in EIR reported as general and administrative expense in CODM report (470) (320) Intragroup eliminations and adjustments not included in CODM report* 2,551 480 Item from consolidated statement of profit or loss: Fee and commission income 63 32 Interest income 230,459 212,474 EUR '000 2023 Restated 2022 Credit losses (85,591) (78,635) Other reconciliation items: Invoicing and collection costs reported as general and administrative expense in CODM report (3,835) (5,985) Intragroup eliminations and adjustments not included in CODM report* 173 (26) Impairment loss on loans to customers (89,253) (84,646) 11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) *Includes EUR 4.1 million of invoicing and collection costs in 2023 (2022: EUR 5.7 million). **Includes depositor compensation scheme contributions for the total amount of EUR 2.1 million in 2023 (2022: EUR 0.5 million). Audit and non-audit fees from audit companies The following table shows the breakdown of audit fees included in professional fees category of general and administrative expense in 2023 and 2022. EUR \u2019000 2023 2022 PWC: Audit fees (634) (698) Non-audit fees: Audit-related services (64) - Tax advice (27) (16) Other non-audit services (95) (91) OTHER AUDIT COMPANIES: Audit fees (53) (146) Total audit fees (687) (844) Total non-audit fees (186) (107) Total fees from audit companies (873) (951) Only non-audit fees paid by Multitude Group companies to audit companies performing the local statutory audits of said Multitude Group companies are included in the disclosure above. Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Rent expenses related to short-term and low value leases, and depreciation of right-of-use assets are presented under general and administrative expense and depreciation and amortisation, re- spectively, in operating expenses (Note 11). Interest expense on lease liabilities is presented under interest expense (Note 7). There is no expense in relation to variable lease payments . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Renaming of financial statement line items for alignment with the financial industry: Interest revenue has been renamed to interest income. Service fee revenue has been renamed to fee and commission income. Finance cost has been renamed to interest expense and reclassified to net interest income. Bank and lending costs have been merged with general and administrative expense . Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "EUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 Interest expense EUR \u2019000 2023 Restated 2022 Interest expense on debt securities (12,719) (9,430) Interest expense on deposits from customers (9,093) (4, 367) Interest expenses on lease liabilities (425) (230) Total interest expense (22,237) (14,027) EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Renaming of financial statement line items for alignment with the financial industry: Interest revenue has been renamed to interest income. Service fee revenue has been renamed to fee and commission income. Finance cost has been renamed to interest expense and reclassified to net interest income. Bank and lending costs have been merged with general and administrative expense . EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "Reconciliation of EBIT reported to CODM to consolidated profit before income taxes: EUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 * Eliminations include accounting adjustments for reclassification of interest income from deposits and related parties not included in CODM report for EBIT but considered interest expense below EBIT, reclassification of depositor guarantee scheme cost not included in CODM report for EBIT but considered interest expense, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . Interest expense EUR \u2019000 2023 Restated 2022 Interest expense on debt securities (12,719) (9,430) Interest expense on deposits from customers (9,093) (4, 367) Interest expenses on lease liabilities (425) (230) Total interest expense (22,237) (14,027) Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "Reconciliation of EBIT reported to CODM to consolidated profit before income taxes: EUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 * Eliminations include accounting adjustments for reclassification of interest income from deposits and related parties not included in CODM report for EBIT but considered interest expense below EBIT, reclassification of depositor guarantee scheme cost not included in CODM report for EBIT but considered interest expense, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 Interest expense EUR \u2019000 2023 Restated 2022 Interest expense on debt securities (12,719) (9,430) Interest expense on deposits from customers (9,093) (4, 367) Interest expenses on lease liabilities (425) (230) Total interest expense (22,237) (14,027) Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) Rent expenses related to short-term and low value leases, and depreciation of right-of-use assets are presented under general and administrative expense and depreciation and amortisation, re- spectively, in operating expenses (Note 11). Interest expense on lease liabilities is presented under interest expense (Note 7). There is no expense in relation to variable lease payments Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "Reconciliation of EBIT reported to CODM to consolidated profit before income taxesEUR '000 2023 Restated 2022 EBIT (reported to CODM) 45,556 31,555 Other reconciliation items: Additional ECL for invoicing and collection costs - (251) Intragroup eliminations and adjustments not included in CODM report* (2) 161 EBIT (as measured in IFRS) 45,554 31,465 Items from consolidated statement of profit or loss: Interest expense (22,237) (14,026) Fair value and foreign exchange gains and losses (4, 328) (3,848) Profit before income taxes 18,990 13,590 * Eliminations include accounting adjustments for reclassification of interest income from deposits and related parties not included in CODM report for EBIT but considered interest expense below EBIT, reclassification of depositor guarantee scheme cost not included in CODM report for EBIT but considered interest expense, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 EUR \u2019000 2023 Restated 2022 Profit before tax 18,990 13,590 Tax calculated at Finnish tax rate of 20% (20% in 2022) (3,878) (2,772) Tax effects of: Difference between Finnish tax rate and rates in other countries 1,895 2,293 Income not subject to tax 6 317 Expenses not deductible for tax purposes (628) (25) Utilisation of previously unrecognised tax losses 593 213 Tax losses for which no deferred income tax asset was recognised (3) (727) Write down of previously recognised tax losses (618) (770) Adjustments for current tax of prior periods 82 (45) Other direct taxes - (302) Total income tax expense (2,551) (1,817) Calculation of basic earnings per share is shown in the table below. 2023 Restated 2022 Profit for the period (EUR \u2019000) 16,438 11,773 Perpetual bonds interests recognised directly in retained earnings, net of tax (5,386) (3,670) (EUR \u2019000) Profit for the period, after perpetual bond interest (EUR \u2019000) 11,052 8,103 Weighted average number of ordinary shares in issue 21,598 21,578 Basic earnings per share attributable to the ordinary equity holders, EUR 0.51 0.38 Calculation of diluted earnings per share is shown in the table below. 2023 Restated 2022 Profit for the period (EUR \u2019000) 16,438 11,773 Perpetual bonds interests recognised directly in retained earnings, net of tax (5,386) (3,670) (EUR \u2019000) Profit for the period, after perpetual bond interest (EUR \u2019000) 11,052 8,103 Weighted average number of ordinary shares and potential ordinary 21,751 21,684 shares* Diluted earnings per share attributable to the ordinary equity holders, EUR 0.51 0.37 Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "Reconciliation of credit losses to impairment loss loans to customers: EUR '000 2023 Restated 2022 Credit losses (85,591) (78,635) Other reconciliation items: Invoicing and collection costs reported as general and administrative expense in CODM report (3,835) (5,985) Intragroup eliminations and adjustments not included in CODM report* 173 (26) Impairment loss on loans to customers (89,253) (84,646) * Eliminations include accounting adjustments for reclassifications, intragroup sales of portfolio and associated gain or loss as well as accruals for loans in Stage 3 . 10. Other income and expenses EUR \u2019000 2023 Restated 2022 OTHER INCOME: Gain from disposal of property, plant and equipment - 14 Gain from disposal of right-of-use assets* 30 52 Other income - 3 Total other income 30 70 OTHER EXPENSES: Loss on disposal of property, plant and equipment** (98) - Loss on disposal of intangible assets - (33) Loss from disposal of subsidiaries*** (404) (636) Total other expenses (502) (669) *Gain from disposal of right-of-use assets includes positive impact from cancelation of lease agreements before expected lease term. **Loss of disposal of property, plant and equipment includes EUR 18 thousand of impairment in 2023. *** Loss from disposal of subsidiaries includes net loss on disposal of Ferratum Australia Pty Ltd., Ferratum Czech s.r.o., Inari Servi\u00e7os Financeiros Ltda, Ferratum Brazil Servicos De Correspondente Bancario Ltda and Bidellus Bangladesh Ltd. in 2023 11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) 17. Intangible assets EUR \u2018000 InternallyComputer Other in- Total generated Software tangible software assets ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2023 54,635 23,643 2,965 81,244 For the year ended 31 December 2023: Additions 9,776 851 - 10,627 Disposals - (13) (6) (19) Translation differences - - 4 4 Acquisition costs, as at 31 December 2023 64,411 24,481 2,963 91,855 ACCUMULATED AMORTISATION As at 1 January 2023 (32,387) (14,800) (2,657) (49,845) For the year ended 31 December 2023: Cumulative amortisation on disposals - 13 6 19 Amortisation (Note 11) (9,982) (2,517) (63) (12,561) Cumulative amortisation, as at 31 December 2023 (42,369) (17, 304) (2,714) (62,387) Net carrying amount, as at 1 January 2023 22,248 8,844 308 31,400 Net carrying amount, as at 31 December 2023 22,041 7,178 249 29,468 ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2022 44,127 30,075 2,965 77,167 For the year ended 31 December 2022: Additions 10,508 - 61 10,569 Disposals - (6,432) - (6,432) Translation differences - - (61) (61) Acquisition costs, as at 31 December 2022 54,635 23,643 2,965 81,244 ACCUMULATED AMORTISATION AND IMPAIRMENT As at 1 January 2022 (22,754) (15,955) (2,608) (41, 317) For the year ended 31 December 2022: Cumulative amortisation on disposals - 6,399 - 6,399 Amortisation (Note 11) (9,633) (5,244) (49) (14,926) Cumulative amortisation, as at 31 December 2022 (32,387) (14,800) (2,657) (49,844) Net carrying amount, as at 1 January 2022 21,373 14,120 357 35,850 Net carrying amount, as at 31 December 2022 22,248 8,844 308 31,400  There are no intangible assets pledged as securities for liabilities . 19. Property, plant and equipment EUR \u2019000 Office building Furnitures, Total fittings, and equipment ACQUISITION COSTS As at 1 January 2023 2,707 3,533 6,240 For the year ended 31 December 2023: Additions 18 338 356 Disposals* - (81) (81) Translation differences - - - Acquisition costs, as at 31 December 2023 2,725 3,790 6,515 ACCUMULATED DEPRECIATION As at 1 January 2023 (761) (2,399) (3,160) For the year ended 31 December 2023 Depreciation (Note 11) (160) (281) (441) Impairment (Note 10) - (17) (17) Cumulative depreciation, as at 31 December 2023 (921) (2,697) (3,618) Net carrying amount, as at 1 January 2023 1,947 1,134 3,081 Net carrying amount, as at 31 December 2023 1,804 1,094 2,898 ACQUISITION COSTS As at 1 January 2022 2,523 4,556 7,079 For the year ended 31 December 2022: Additions 184 275 460 Disposals - (1,298) (1,298) Translation differences - - - Acquisition costs, as at 31 December 2022 2,707 3,533 6,240 ACCUMULATED DEPRECIATION As at 1 January 2022 (618) (3,057) (3,675) For the year ended 31 December 2022 Depreciation (Note 11) (143) (640) (783) Disposals - 1,298 1,298 Cumulative depreciation, as at 31 December 2022 (761) (2,399) (3,160) Net carrying amount, as at 1 January 2022 1,906 1,498 3,404 Net carrying amount, as at 31 December 2022 1,947 1,134 3,081 *Loss of EUR 81 thousand was recored as other expense for the disposals of furnitures, fittings, and equipment in 2023 . There are no contractual commitments to acquire property, plant and equipment. There are no property, plant and equipment which are pledged as securities for liabilities. There are no material translation differences recognised on property, plant and equipment . There is EUR 48 thousand of ECL provision as at 31 December 2023 on this loan with positive impact of EUR 193 thousand in impairment loss during the year . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "10. Other income and expenses EUR \u2019000 2023 Restated 2022 OTHER INCOME: Gain from disposal of property, plant and equipment - 14 Gain from disposal of right-of-use assets* 30 52 Other income - 3 Total other income 30 70 OTHER EXPENSES: Loss on disposal of property, plant and equipment** (98) - Loss on disposal of intangible assets - (33) Loss from disposal of subsidiaries*** (404) (636) Total other expenses (502) (669) *Gain from disposal of right-of-use assets includes positive impact from cancelation of lease agreements before expected lease term. **Loss of disposal of property, plant and equipment includes EUR 18 thousand of impairment in 2023. *** Loss from disposal of subsidiaries includes net loss on disposal of Ferratum Australia Pty Ltd., Ferratum Czech s.r.o., Inari Servi\u00e7os Financeiros Ltda, Ferratum Brazil Servicos De Correspondente Bancario Ltda and Bidellus Bangladesh Ltd. in 2023 . Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "10. Other income and expenses EUR \u2019000 2023 Restated 2022 OTHER INCOME: Gain from disposal of property, plant and equipment - 14 Gain from disposal of right-of-use assets* 30 52 Other income - 3 Total other income 30 70 OTHER EXPENSES: Loss on disposal of property, plant and equipment** (98) - Loss on disposal of intangible assets - (33) Loss from disposal of subsidiaries*** (404) (636) Total other expenses (502) (669) *Gain from disposal of right-of-use assets includes positive impact from cancelation of lease agreements before expected lease term. **Loss of disposal of property, plant and equipment includes EUR 18 thousand of impairment in 2023. *** Loss from disposal of subsidiaries includes net loss on disposal of Ferratum Australia Pty Ltd., Ferratum Czech s.r.o., Inari Servi\u00e7os Financeiros Ltda, Ferratum Brazil Servicos De Correspondente Bancario Ltda and Bidellus Bangladesh Ltd. in 2023 . *Loss of EUR 81 thousand was recored as other expense for the disposals of furnitures, fittings, and equipment in 2023 . Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "10. Other income and expenses EUR \u2019000 2023 Restated 2022 OTHER INCOME: Gain from disposal of property, plant and equipment - 14 Gain from disposal of right-of-use assets* 30 52 Other income - 3 Total other income 30 70 OTHER EXPENSES: Loss on disposal of property, plant and equipment** (98) - Loss on disposal of intangible assets - (33) Loss from disposal of subsidiaries*** (404) (636) Total other expenses (502) (669) *Gain from disposal of right-of-use assets includes positive impact from cancelation of lease agreements before expected lease term. **Loss of disposal of property, plant and equipment includes EUR 18 thousand of impairment in 2023. *** Loss from disposal of subsidiaries includes net loss on disposal of Ferratum Australia Pty Ltd., Ferratum Czech s.r.o., Inari Servi\u00e7os Financeiros Ltda, Ferratum Brazil Servicos De Correspondente Bancario Ltda and Bidellus Bangladesh Ltd. in 2023 . *Loss of EUR 81 thousand was recored as other expense for the disposals of furnitures, fittings, and equipment in 2023 Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) 17. Intangible assets EUR \u2018000 InternallyComputer Other in- Total generated Software tangible software assets ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2023 54,635 23,643 2,965 81,244 For the year ended 31 December 2023: Additions 9,776 851 - 10,627 Disposals - (13) (6) (19) Translation differences - - 4 4 Acquisition costs, as at 31 December 2023 64,411 24,481 2,963 91,855 ACCUMULATED AMORTISATION As at 1 January 2023 (32,387) (14,800) (2,657) (49,845) For the year ended 31 December 2023: Cumulative amortisation on disposals - 13 6 19 Amortisation (Note 11) (9,982) (2,517) (63) (12,561) Cumulative amortisation, as at 31 December 2023 (42,369) (17, 304) (2,714) (62,387) Net carrying amount, as at 1 January 2023 22,248 8,844 308 31,400 Net carrying amount, as at 31 December 2023 22,041 7,178 249 29,468 ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2022 44,127 30,075 2,965 77,167 For the year ended 31 December 2022: Additions 10,508 - 61 10,569 Disposals - (6,432) - (6,432) Translation differences - - (61) (61) Acquisition costs, as at 31 December 2022 54,635 23,643 2,965 81,244 ACCUMULATED AMORTISATION AND IMPAIRMENT As at 1 January 2022 (22,754) (15,955) (2,608) (41, 317) For the year ended 31 December 2022: Cumulative amortisation on disposals - 6,399 - 6,399 Amortisation (Note 11) (9,633) (5,244) (49) (14,926) Cumulative amortisation, as at 31 December 2022 (32,387) (14,800) (2,657) (49,844) Net carrying amount, as at 1 January 2022 21,373 14,120 357 35,850 Net carrying amount, as at 31 December 2022 22,248 8,844 308 31,400 18. Leases Right-of-use assets, for the year ended and as at 31 December EUR \u2019000 Office Office Total buildings equipment ACQUISITION COSTS As at 1 January 2023 10,125 1,614 11,738 For the year ended 31 December 2023: Additions 591 1,600 2,190 Disposals - - - Acquisition costs, as at 31 December 2023 10,716 3,213 13,929 ACCUMULATED DEPRECIATION As at 1 January 2023 (6,351) (775) (7,125) For the year ended 31 December 2023: Revaluation (Note 10) 30 - 30 Depreciation (Note 11) (1,517) (498) (2,015) Cumulative depreciation, as at 31 December 2023 (7, 838) (1,272) (9,110) Net carrying amount, as at 1 January 2023 3,774 839 4,613 Net carrying amount, as at 31 December 2023 2,878 1,941 4,819 ACQUISITION COSTS As at 1 January 2022 6,681 757 7,438 For the year ended 31 December 2022: Additions 3,899 857 4,756 Disposals (455) - (455) Acquisition costs, as at 31 December 2022 10,125 1,614 11,738 ACCUMULATED DEPRECIATION Cumulative depreciation, as at 1 January 2022 (5,224) (596) (5,819) For the year ended 31 December 2022: Disposals 455 - 455 Revaluation (Note 10) 52 - 52 Depreciation (Note 11) (1,634) (179) (1,813) Cumulative depreciation, as at 31 December 2022 (6,351) (775) (7,125) Net carrying amount, as at 1 January 2022 1,457 161 1,618 Net carrying amount, as at 31 December 2022 3,774 839 4,613 Amounts recognised in the consolidated statement of profit or loss for the year ended 31 December: EUR '000 Notes 2023 Restated 2022 Expenses relating to short-term leases 10 (2) - Expenses relating to low value leases 10 (5) (7) Depreciation on ROU assets 10 (1,453) (1,813) Interest expense on lease liabilities 12 (388) (230) 19. Property, plant and equipment EUR \u2019000 Office building Furnitures, Total fittings, and equipment ACQUISITION COSTS As at 1 January 2023 2,707 3,533 6,240 For the year ended 31 December 2023: Additions 18 338 356 Disposals* - (81) (81) Translation differences - - - Acquisition costs, as at 31 December 2023 2,725 3,790 6,515 ACCUMULATED DEPRECIATION As at 1 January 2023 (761) (2,399) (3,160) For the year ended 31 December 2023 Depreciation (Note 11) (160) (281) (441) Impairment (Note 10) - (17) (17) Cumulative depreciation, as at 31 December 2023 (921) (2,697) (3,618) Net carrying amount, as at 1 January 2023 1,947 1,134 3,081 Net carrying amount, as at 31 December 2023 1,804 1,094 2,898 ACQUISITION COSTS As at 1 January 2022 2,523 4,556 7,079 For the year ended 31 December 2022: Additions 184 275 460 Disposals - (1,298) (1,298) Translation differences - - - Acquisition costs, as at 31 December 2022 2,707 3,533 6,240 ACCUMULATED DEPRECIATION As at 1 January 2022 (618) (3,057) (3,675) For the year ended 31 December 2022 Depreciation (Note 11) (143) (640) (783) Disposals - 1,298 1,298 Cumulative depreciation, as at 31 December 2022 (761) (2,399) (3,160) Net carrying amount, as at 1 January 2022 1,906 1,498 3,404 Net carrying amount, as at 31 December 2022 1,947 1,134 3,081 Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) *Includes EUR 4.1 million of invoicing and collection costs in 2023 (2022: EUR 5.7 million). **Includes depositor compensation scheme contributions for the total amount of EUR 2.1 million in 2023 (2022: EUR 0.5 million). Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 23. Share-based payments Performance share plan During 2021, the Group introduced a new equity-settled performance share plan (\"PSP\") wherein key personnel are awarded several of Multitude shares based on defined vesting conditions at the end of the performance period. The shares will be awarded net of payroll taxes. The PSP issued on 1 June 2021 has a maximum reward share of 1,159,185, of which, 10% to 100%, will be awarded to eligible participants if Multitude\u2019s market share price reaches EUR 12 to EUR 30, respectively, and provided that participants will have uninterrupted employment in Multitude at the end of the performance period, 31 December 2023. Multitude applies Monte Carlo simulation model for valuation of PSP at the grant date. The Group determines the total fair value of outstanding PSP reward shares by reference to their fair value at the grant date, calculated by determining the present value of average payoffs at the end of the performance period based on a range of potential outcomes regarding Multitude\u2019s market share price (Level 2). The table below summarises the outstanding PSP reward shares and related expenses as at and for year ended 31 December : Grant date 2023 Perfor- Dividend Outstand- Forfeited  Outstand- Out- mance Reward adj. share Realised Risk-free Total FV ing at the during ing at the standing Expense period shares price volatility volatility in EUR beginning the end of the total FV in EUR of period period period in EUR 1 Jun 21 - 31 Dec 24 1,159,175 4.11 62.1% (0.4%) 743,2851,114,985 22,207 1,092,778700,710 225,310 On 30 September 2022 the Group decided to review the vesting conditions of PSP issued on 1 June 2021 to reflect deteriorating macroeconomic conditions. It was decided to increase the duration of the performance period up until 31 December 2024 and change the target share price conditions to reduce the minimum target of EUR 12 to EUR 6 and the maximum target of 30 EUR to EUR 25. The incremental fair value granted as the difference between the fair value of the modified PSP, estimated at the date of the modification and that of the original PSP, is equal to EUR 169,165. Grant date 2022 Perfor - Dividend Real - Risk- Outstand - Modified  Outstand- Out- mance Reward adj. share ised free Total FV ing at the shares ing at the standing Expense period shares price volatility volatility in EUR beginning during the end of the t otal FV in EUR of period period period in EUR 1 Jun 21 - 31 Dec 24 1,159,175 4.11 62.1% (0.4%) 743,285 1,064,925 50,060 1,114,985 714,950 264,329 The difference between the number of reward shares outstanding at the grant date and report- ing date, before the end of the performance period, pertains to reward shares attributable to participants who have ceased employment at Multitude and are no longer eligible to receive reward shares. Modified shares include a number of shares removed from the share plan during the reporting period compared to the previous reporting date or grant date (if reporting period includes the grant date) as well as granted shares as result of the plan modification. Vested shares include a number of shares vested during the reporting period compared either to previ- ous reporting date or grant date (if the reporting period includes the grant date). Matching share plan During 2021, the Group introduced an equity-settled matching share plan (\"MSP\") that allows all employees to invest up to 10% of their annual gross salary in Multitude shares. Investment shares will vest after 2 years provided that the participants have held the shares and have uninterrupted employment during the holding period. After which, the Group will provide free matching shares with a 1:1 ratio for all vested investment shares. The shares will be awarded net of payroll taxes. The Group determines the total fair value of outstanding MSP investment shares by reference to Multitude\u2019s share price at the grant date (Level 1), assessed number of forfeited shares, and appli- cable social security costs. The table below summarises the outstanding MSP investment shares and related expenses as at and for the year ended 31 December: Grant date 2022 Invest- Share Outstanding For- Vested Outstanding Total FV Expense Holding period ment price at the begin- feited shares at the end of in EUR in EUR shares in EUR ning of period shares the period 31 Mar 21 - 13 Apr 23 39,746 6.05 38,165 2,408 - 35,819 220,688 105,959 30 Sep 21 - 30 Sep 23 27,784 4.94 27, 585 4,370 - 22,609 116,423 57,809 16 Mar 22 - 13 Apr 24 31,602 3.50 - 1,147 - 30,317 104,039 39,186 19 Sep 22 - 18 Oct 24 58,598 2.70 - 1,543 - 57,055 152,718 15,856 Total 157,592 65,750 9,468 - 145,800 593,868 218,809 Differences between the number of investment shares outstanding at the grant date and reporting date, before the end of the holding period, pertain to either those investment shares withdrawn from the plan or those that are attributable to participants who have seized employment in Mul- titude, and therefore are no longer eligible to receive matching shares. Forfeited shares include a number of shares removed from the share plan during the reporting period compared to the previous reporting date or grant date (if reporting period includes the grant date). Vested shares include a number of shares vested during the reporting period compared either to previous report- ing date or grant date (if the reporting period includes the grant date). Grant date 2023 Invest- Share Outstanding For- Vested Outstanding Total FV Expense Holding period ment price at the begin- feited shares at the end of in EUR in EUR shares in EUR ning of period shares the period 31 Mar 21 - 13 Apr 23 39,746 6.05 35,819 951 34,868 - 226,567 35,453 30 Sep 21 - 30 Sep 23 27,784 4.94 22,609 995 21,614 - 114,822 39,963 16 Mar 22 - 13 Apr 24 31,602 3.50 30,317 536 - 29,781 112,476 57,48 4 19 Sep 22 - 18 Oct 24 58,598 2.70 57,055 798 - 56,257 168,336 84,978 06 Apr 23 - 13 Apr 25 35,951 3.69 - 463 - 35,488 132,740 48,369 28 Sep 23 - 31 Oct 25 49,723 3.10 - - - 49,723 154,928 19,064 Total 243,404 145,800 3,743 56,482 171,249 909,868 285,311 25. Related party transactions The Group is controlled by Jorma Jokela who ultimately owns 55.56% of Multitude SE's issued and outstanding shares as at 31 December 2023 (2022 - 55.24%), who is also the Member of Multitude SE\u2019s Board and Leadership Team. The Group\u2019s related parties include Sortter Oy (accounted as in- vestment into associates), Members of the Board of Directors and Leadership Team. This includes their close family members, the companies in which the Member of the Board or Leadership Team and their close family members have control or joint control. As a main principle, all transactions with related parties are conducted at arm\u2019s length and are part of the ordinary course of business. Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) *Other related parties include the companies related to Leadership Team members. Outstanding balances arising from the above transactions with related parties as at the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Loans to related parties 8,148 8,139 Leadership Team members: Loans to related parties 1,900 - Total 10,048 8,139 The Group has issued loan in the total amount of EUR 1.9 million to the Leadership Team members with the purpose of purchase of Multitude's shares. All shares purchased with this loan are pledged to the Group and used as collateral. There is no ECL provision created for this loan as at 31 Decem- ber 2023. The loan shall accrue fixed interest of 5.5% per annum and paid annually. The principal on the loan shall be repaid on 31 December 2028. The Group issued a loan in the total amount of EUR 8.0 million to Sortter Oy in December 2022 with the purpose of financing development of the business. Sortter Oy shall pay interest on the loan at the rate of 3-month Euribor plus the margin 5.5% per annum. Should 3-month Euribor be less than zero, it shall be deemed to be zero. Sortter Oy shall repay the loan principal in one instalment on 11 December 2026. There is EUR 48 thousand of ECL provision as at 31 December 2023 on this loan with positive impact of EUR 193 thousand in impairment loss during the year Key management compensation The table below outlines the related party transactions involving Members of Multitude's Board and Leadership Team, encompassing gross salary and short-term benefits, share-based payments, and employer contributions to defined contribution post-employment plans . EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 *The retirement age of CEO is 65 years, and he has no defined benefit pension plan. **Including remuneration in the role of Deputy CEO . Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
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  },
  "fact-504": {
   "value": "11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) The table below shows composition of issued capital of Multitude SE. 2023, N '000 2022, N '000 ORDINARY SHARES ISSUED AND OUTSTANDING At 1 January 21,578 21,578 Share-based payment during the period 40 - At 31 December 21,618 21,578 The Group holds 106 thousand shares, held as treasury shares as at 31 December 2023 and 146 thousand shares as at 31 December 2022. The movement in the number of treasury shares is related to payout of 40,134 shares in connection with the matching share plan in 2023. 2023, N '000 2022, N '0002023, EUR 2022, EUR '000 '000 TREASURY SHARES At 1 January 146 146 142 142 Share-based payment during the period (40) - (39) - At 31 December 106 146 103 142 23. Share-based payments Performance share plan During 2021, the Group introduced a new equity-settled performance share plan (\"PSP\") wherein key personnel are awarded several of Multitude shares based on defined vesting conditions at the end of the performance period. The shares will be awarded net of payroll taxes. The PSP issued on 1 June 2021 has a maximum reward share of 1,159,185, of which, 10% to 100%, will be awarded to eligible participants if Multitude\u2019s market share price reaches EUR 12 to EUR 30, respectively, and provided that participants will have uninterrupted employment in Multitude at the end of the performance period, 31 December 2023. Multitude applies Monte Carlo simulation model for valuation of PSP at the grant date. The Group determines the total fair value of outstanding PSP reward shares by reference to their fair value at the grant date, calculated by determining the present value of average payoffs at the end of the performance period based on a range of potential outcomes regarding Multitude\u2019s market share price (Level 2). The table below summarises the outstanding PSP reward shares and related expenses as at and for year ended 31 December : Grant date 2023 Perfor- Dividend Outstand- Forfeited  Outstand- Out- mance Reward adj. share Realised Risk-free Total FV ing at the during ing at the standing Expense period shares price volatility volatility in EUR beginning the end of the total FV in EUR of period period period in EUR 1 Jun 21 - 31 Dec 24 1,159,175 4.11 62.1% (0.4%) 743,2851,114,985 22,207 1,092,778700,710 225,310 On 30 September 2022 the Group decided to review the vesting conditions of PSP issued on 1 June 2021 to reflect deteriorating macroeconomic conditions. It was decided to increase the duration of the performance period up until 31 December 2024 and change the target share price conditions to reduce the minimum target of EUR 12 to EUR 6 and the maximum target of 30 EUR to EUR 25. The incremental fair value granted as the difference between the fair value of the modified PSP, estimated at the date of the modification and that of the original PSP, is equal to EUR 169,165. Grant date 2022 Perfor - Dividend Real - Risk- Outstand - Modified  Outstand- Out- mance Reward adj. share ised free Total FV ing at the shares ing at the standing Expense period shares price volatility volatility in EUR beginning during the end of the t otal FV in EUR of period period period in EUR 1 Jun 21 - 31 Dec 24 1,159,175 4.11 62.1% (0.4%) 743,285 1,064,925 50,060 1,114,985 714,950 264,329 The difference between the number of reward shares outstanding at the grant date and report- ing date, before the end of the performance period, pertains to reward shares attributable to participants who have ceased employment at Multitude and are no longer eligible to receive reward shares. Modified shares include a number of shares removed from the share plan during the reporting period compared to the previous reporting date or grant date (if reporting period includes the grant date) as well as granted shares as result of the plan modification. Vested shares include a number of shares vested during the reporting period compared either to previ- ous reporting date or grant date (if the reporting period includes the grant date). Matching share plan During 2021, the Group introduced an equity-settled matching share plan (\"MSP\") that allows all employees to invest up to 10% of their annual gross salary in Multitude shares. Investment shares will vest after 2 years provided that the participants have held the shares and have uninterrupted employment during the holding period. After which, the Group will provide free matching shares with a 1:1 ratio for all vested investment shares. The shares will be awarded net of payroll taxes. The Group determines the total fair value of outstanding MSP investment shares by reference to Multitude\u2019s share price at the grant date (Level 1), assessed number of forfeited shares, and appli- cable social security costs. The table below summarises the outstanding MSP investment shares and related expenses as at and for the year ended 31 December: Grant date 2022 Invest- Share Outstanding For- Vested Outstanding Total FV Expense Holding period ment price at the begin- feited shares at the end of in EUR in EUR shares in EUR ning of period shares the period 31 Mar 21 - 13 Apr 23 39,746 6.05 38,165 2,408 - 35,819 220,688 105,959 30 Sep 21 - 30 Sep 23 27,784 4.94 27, 585 4,370 - 22,609 116,423 57,809 16 Mar 22 - 13 Apr 24 31,602 3.50 - 1,147 - 30,317 104,039 39,186 19 Sep 22 - 18 Oct 24 58,598 2.70 - 1,543 - 57,055 152,718 15,856 Total 157,592 65,750 9,468 - 145,800 593,868 218,809 Differences between the number of investment shares outstanding at the grant date and reporting date, before the end of the holding period, pertain to either those investment shares withdrawn from the plan or those that are attributable to participants who have seized employment in Mul- titude, and therefore are no longer eligible to receive matching shares. Forfeited shares include a number of shares removed from the share plan during the reporting period compared to the previous reporting date or grant date (if reporting period includes the grant date). Vested shares include a number of shares vested during the reporting period compared either to previous report- ing date or grant date (if the reporting period includes the grant date). Grant date 2023 Invest- Share Outstanding For- Vested Outstanding Total FV Expense Holding period ment price at the begin- feited shares at the end of in EUR in EUR shares in EUR ning of period shares the period 31 Mar 21 - 13 Apr 23 39,746 6.05 35,819 951 34,868 - 226,567 35,453 30 Sep 21 - 30 Sep 23 27,784 4.94 22,609 995 21,614 - 114,822 39,963 16 Mar 22 - 13 Apr 24 31,602 3.50 30,317 536 - 29,781 112,476 57,48 4 19 Sep 22 - 18 Oct 24 58,598 2.70 57,055 798 - 56,257 168,336 84,978 06 Apr 23 - 13 Apr 25 35,951 3.69 - 463 - 35,488 132,740 48,369 28 Sep 23 - 31 Oct 25 49,723 3.10 - - - 49,723 154,928 19,064 Total 243,404 145,800 3,743 56,482 171,249 909,868 285,311 Key management compensation The table below outlines the related party transactions involving Members of Multitude's Board and Leadership Team, encompassing gross salary and short-term benefits, share-based payments, and employer contributions to defined contribution post-employment plans EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 *The retirement age of CEO is 65 years, and he has no defined benefit pension plan. **Including remuneration in the role of Deputy CEO . ",
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    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
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  "fact-505": {
   "value": "11. Operating expenses EUR \u2019000 Notes 2023 Restated 2022 Impairment loss on loans to customers* (89,253) (84,646) General and administrative expense: Professional fees (11,455) (12,281) Interbank transaction fees (699) (550) Loan handling costs (3,065) (3,103) Repairs and maintenance costs (4, 852) (5,880) Scoring costs (3,569) (3,557) Administrative expense (1,752) (1,451) Membership and subscription fees (576) (990) Other bank and lending costs* (2,276) (745) Other operating expense (3,734) (3,386) Total general and administrative expense (31,976) (31,943) Personnel expenses: Wages and salaries (27,890) (27, 526) Social security costs (2,964) (3,554) Post-employment benefit expense (1,577) (1,599) Share-based payment expense (511) (483) Other personnel expense (1,134) (794) Total personnel expenses (34,076) (33,956) Depreciation and amortisation: Amortisation expense 17 (12,561) (14,926) Depreciation expense 19 (2,455) (2,596) Total depreciation and amortisation (15,016) (17,522) Selling and marketing expenses: Offline medias (2,024) (1,010) SEM and other online paid medias (8,551) (7,761) SEO and social media (599) (835) CRM (211) (361) Offline affiliates (86) (53) PR/Sponsoring (1,503) (1,103) Sales and commissions and other loan handling fees (507) (750) Agency fees and other marketing expense (699) (503) Total selling and marketing expense (14,180) (12,375) Total operating expenses (184,501) (180,441) Provisions, accruals and other liabilities EUR \u2019000 2023 Restated Restated 2022 2021 Accrued personnel expenses 3,445 2,948 2,551 Provisions 596 457 - Other financial liabilities 9,331 12,172 12,789 Total 13,372 15,576 15,340 23. Share-based payments Performance share plan During 2021, the Group introduced a new equity-settled performance share plan (\"PSP\") wherein key personnel are awarded several of Multitude shares based on defined vesting conditions at the end of the performance period. The shares will be awarded net of payroll taxes. The PSP issued on 1 June 2021 has a maximum reward share of 1,159,185, of which, 10% to 100%, will be awarded to eligible participants if Multitude\u2019s market share price reaches EUR 12 to EUR 30, respectively, and provided that participants will have uninterrupted employment in Multitude at the end of the performance period, 31 December 2023. Multitude applies Monte Carlo simulation model for valuation of PSP at the grant date. The Group determines the total fair value of outstanding PSP reward shares by reference to their fair value at the grant date, calculated by determining the present value of average payoffs at the end of the performance period based on a range of potential outcomes regarding Multitude\u2019s market share price (Level 2). The table below summarises the outstanding PSP reward shares and related expenses as at and for year ended 31 December Grant date 2023 Perfor- Dividend Outstand- Forfeited  Outstand- Out- mance Reward adj. share Realised Risk-free Total FV ing at the during ing at the standing Expense period shares price volatility volatility in EUR beginning the end of the total FV in EUR of period period period in EUR 1 Jun 21 - 31 Dec 24 1,159,175 4.11 62.1% (0.4%) 743,2851,114,985 22,207 1,092,778700,710 225,310 On 30 September 2022 the Group decided to review the vesting conditions of PSP issued on 1 June 2021 to reflect deteriorating macroeconomic conditions. It was decided to increase the duration of the performance period up until 31 December 2024 and change the target share price conditions to reduce the minimum target of EUR 12 to EUR 6 and the maximum target of 30 EUR to EUR 25. The incremental fair value granted as the difference between the fair value of the modified PSP, estimated at the date of the modification and that of the original PSP, is equal to EUR 169,165. Grant date 2022 Perfor - Dividend Real - Risk- Outstand - Modified  Outstand- Out- mance Reward adj. share ised free Total FV ing at the shares ing at the standing Expense period shares price volatility volatility in EUR beginning during the end of the t otal FV in EUR of period period period in EUR 1 Jun 21 - 31 Dec 24 1,159,175 4.11 62.1% (0.4%) 743,285 1,064,925 50,060 1,114,985 714,950 264,329 The difference between the number of reward shares outstanding at the grant date and report- ing date, before the end of the performance period, pertains to reward shares attributable to participants who have ceased employment at Multitude and are no longer eligible to receive reward shares. Modified shares include a number of shares removed from the share plan during the reporting period compared to the previous reporting date or grant date (if reporting period includes the grant date) as well as granted shares as result of the plan modification. Vested shares include a number of shares vested during the reporting period compared either to previ- ous reporting date or grant date (if the reporting period includes the grant date). Matching share plan During 2021, the Group introduced an equity-settled matching share plan (\"MSP\") that allows all employees to invest up to 10% of their annual gross salary in Multitude shares. Investment shares will vest after 2 years provided that the participants have held the shares and have uninterrupted employment during the holding period. After which, the Group will provide free matching shares with a 1:1 ratio for all vested investment shares. The shares will be awarded net of payroll taxes. The Group determines the total fair value of outstanding MSP investment shares by reference to Multitude\u2019s share price at the grant date (Level 1), assessed number of forfeited shares, and appli- cable social security costs. The table below summarises the outstanding MSP investment shares and related expenses as at and for the year ended 31 December: Grant date 2022 Invest- Share Outstanding For- Vested Outstanding Total FV Expense Holding period ment price at the begin- feited shares at the end of in EUR in EUR shares in EUR ning of period shares the period 31 Mar 21 - 13 Apr 23 39,746 6.05 38,165 2,408 - 35,819 220,688 105,959 30 Sep 21 - 30 Sep 23 27,784 4.94 27, 585 4,370 - 22,609 116,423 57,809 16 Mar 22 - 13 Apr 24 31,602 3.50 - 1,147 - 30,317 104,039 39,186 19 Sep 22 - 18 Oct 24 58,598 2.70 - 1,543 - 57,055 152,718 15,856 Total 157,592 65,750 9,468 - 145,800 593,868 218,809 Differences between the number of investment shares outstanding at the grant date and reporting date, before the end of the holding period, pertain to either those investment shares withdrawn from the plan or those that are attributable to participants who have seized employment in Mul- titude, and therefore are no longer eligible to receive matching shares. Forfeited shares include a number of shares removed from the share plan during the reporting period compared to the previous reporting date or grant date (if reporting period includes the grant date). Vested shares include a number of shares vested during the reporting period compared either to previous report- ing date or grant date (if the reporting period includes the grant date). Grant date 2023 Invest- Share Outstanding For- Vested Outstanding Total FV Expense Holding period ment price at the begin- feited shares at the end of in EUR in EUR shares in EUR ning of period shares the period 31 Mar 21 - 13 Apr 23 39,746 6.05 35,819 951 34,868 - 226,567 35,453 30 Sep 21 - 30 Sep 23 27,784 4.94 22,609 995 21,614 - 114,822 39,963 16 Mar 22 - 13 Apr 24 31,602 3.50 30,317 536 - 29,781 112,476 57,48 4 19 Sep 22 - 18 Oct 24 58,598 2.70 57,055 798 - 56,257 168,336 84,978 06 Apr 23 - 13 Apr 25 35,951 3.69 - 463 - 35,488 132,740 48,369 28 Sep 23 - 31 Oct 25 49,723 3.10 - - - 49,723 154,928 19,064 Total 243,404 145,800 3,743 56,482 171,249 909,868 285,311 25. Related party transactions The Group is controlled by Jorma Jokela who ultimately owns 55.56% of Multitude SE's issued and outstanding shares as at 31 December 2023 (2022 - 55.24%), who is also the Member of Multitude SE\u2019s Board and Leadership Team. The Group\u2019s related parties include Sortter Oy (accounted as in- vestment into associates), Members of the Board of Directors and Leadership Team. This includes their close family members, the companies in which the Member of the Board or Leadership Team and their close family members have control or joint control. As a main principle, all transactions with related parties are conducted at arm\u2019s length and are part of the ordinary course of business. Transactions with related parties for the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Lead sales fees received from Sortter Oy for introducing customers 47 - Broker fees paid to Sortter Oy for introducing customers (35) - Interest income received from Sortter Oy 535 - Other related parties*: Professional fees paid to other related parties for key management (1,137) (780) personnel services Rental payments done to other related parties for office lease (125) (107) Total (715) (887) *Other related parties include the companies related to Leadership Team members. Outstanding balances arising from the above transactions with related parties as at the year ended 31 December are as follows: EUR \u2019000 2023 2022 Sortter Oy: Loans to related parties 8,148 8,139 Leadership Team members: Loans to related parties 1,900 - Total 10,048 8,139 The Group has issued loan in the total amount of EUR 1.9 million to the Leadership Team members with the purpose of purchase of Multitude's shares. All shares purchased with this loan are pledged to the Group and used as collateral. There is no ECL provision created for this loan as at 31 Decem- ber 2023. The loan shall accrue fixed interest of 5.5% per annum and paid annually. The principal on the loan shall be repaid on 31 December 2028. The Group issued a loan in the total amount of EUR 8.0 million to Sortter Oy in December 2022 with the purpose of financing development of the business. Sortter Oy shall pay interest on the loan at the rate of 3-month Euribor plus the margin 5.5% per annum. Should 3-month Euribor be less than zero, it shall be deemed to be zero. Sortter Oy shall repay the loan principal in one instalment on 11 December 2026. There is EUR 48 thousand of ECL provision as at 31 December 2023 on this loan with positive impact of EUR 193 thousand in impairment loss during the year . Key management compensation The table below outlines the related party transactions involving Members of Multitude's Board and Leadership Team, encompassing gross salary and short-term benefits, share-based payments, and employer contributions to defined contribution post-employment plans . EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 *The retirement age of CEO is 65 years, and he has no defined benefit pension plan. **Including remuneration in the role of Deputy CEO Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Audit and non-audit fees from audit companies The following table shows the breakdown of audit fees included in professional fees category of general and administrative expense in 2023 and 2022. EUR \u2019000 2023 2022 PWC: Audit fees (634) (698) Non-audit fees: Audit-related services (64) - Tax advice (27) (16) Other non-audit services (95) (91) OTHER AUDIT COMPANIES: Audit fees (53) (146) Total audit fees (687) (844) Total non-audit fees (186) (107) Total fees from audit companies (873) (951) Only non-audit fees paid by Multitude Group companies to audit companies performing the local statutory audits of said Multitude Group companies are included in the disclosure above. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "12. Income tax expenses EUR \u2019000 2023 Restated 2022 CURRENT TAX: Current tax on profits for the year (1,350) (877) Adjustments for current tax of prior periods 82 (45) Other direct taxes * - (302) Total current tax (1,268) (1,223) DEFERRED TAX: Origination and reversal of temporary differences (1,283) (594) Total deferred tax (1,283) (594) Total income tax expense (2,551) (1,817) Deferred tax assets and liabilities Changes in and balances of deferred tax assets and liabilities for the year ended and as at 31  December: EUR \u2019000 As at Recognised Translation As at 1 January in profit or loss differences 31 December 2023 2023 DEFERRED TAX ASSETS: Tax losses carried forward 7,574 (1,117) 15 6,472 Lease liability 611 56 - 667 Netting of lease liability (611) (37) - (647) Total deferred tax assets 7,574 (1,098) 15 6,492 DEFERRED TAX LIABILITIES: Right of use asset 617 31 - 648 Netting of right of use asset (611) (37) - (648) Withholding tax on dividends from Group companies 960 191 - 1,151 Total deferred tax liabilities 966 185 - 1,151 Total movement in period - (1,283) (15) - EUR \u2019000 As at restated Recognised Translation As at restated 1 January in profit or loss differences 31 December 2022 2022 DEFERRED TAX ASSETS: Tax losses carried forward 7,346 169 59 7, 574 Lease liability 861 (250) - 611 Netting of lease liability (861) 250 - (611) Total deferred tax assets 7,346 169 59 7, 574 DEFERRED TAX LIABILITIES: Right of use asset 823 (206) - 617 Netting of right of use asset (823) 212 - (611) Withholding tax on dividends from Group companies 203 757 - 960 Total deferred tax liabilities 203 763 - 966 Total movement in period - 594 (59) - 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,136 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 365 thou- sand of deferred tax asset was recognised on the amount of ECL provision recorded in retained earnings Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "12. Income tax expenses EUR \u2019000 2023 Restated 2022 CURRENT TAX: Current tax on profits for the year (1,350) (877) Adjustments for current tax of prior periods 82 (45) Other direct taxes * - (302) Total current tax (1,268) (1,223) DEFERRED TAX: Origination and reversal of temporary differences (1,283) (594) Total deferred tax (1,283) (594) Total income tax expense (2,551) (1,817) The tax on the Group\u2019s profit before tax differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated entities as follows: EUR \u2019000 2023 Restated 2022 Profit before tax 18,990 13,590 Tax calculated at Finnish tax rate of 20% (20% in 2022) (3,878) (2,772) Tax effects of: Difference between Finnish tax rate and rates in other countries 1,895 2,293 Income not subject to tax 6 317 Expenses not deductible for tax purposes (628) (25) Utilisation of previously unrecognised tax losses 593 213 Tax losses for which no deferred income tax asset was recognised (3) (727) Write down of previously recognised tax losses (618) (770) Adjustments for current tax of prior periods 82 (45) Other direct taxes - (302) Total income tax expense (2,551) (1,817) *Other direct taxes relate to trade tax paid in Germany . Multitude has subsidiaries that suffered a loss in 2023 in tax jurisdiction to which the deferred tax assets were created on loss carry forwards from previous periods. Utilisation of these loss carry forwards is dependent on future taxable profits and the Group considers these carry forwards reasonably recoverable. Aggregate tax arising in the reporting period and not recognised in net profit or loss or other comprehensive income but directly debited or credited to equity: EUR \u2019000 2023 2022 CURRENT TAX: Current tax benefit from perpetual bond interest 1,117 917 The effective income tax rate for 2023 is 13.2% (2022: 13.4%) EUR \u2019000 2023 2022 Losses on carried forward balance as at 31 December for which 28,507 32,891 deferred tax assets have been recognised for of which Expires in one year time - - Expires in 2 year's time - - Expires between 2 and 5 years 1,489 2,478 Expires between 5 and 10 years 21,819 23,634 Expires after 10 years* 5,198 6,779 *Includes EUR 1.1 million of losses in Germany and EUR 4.0 million of losses in Canada without expiration date. As at 31 December 2023, the Group has EUR 28.5 million (2022 - EUR 32.9 million) losses carried forward, with an average maturity between 5 and 10 years. EUR \u2019000 2023 2022 Total amount of loss carry forward on which DTA was not recognised in 7,315 10,160 Finland with latest expiration in 2032 Deferred tax assets and liabilities Changes in and balances of deferred tax assets and liabilities for the year ended and as at 31  December: EUR \u2019000 As at Recognised Translation As at 1 January in profit or loss differences 31 December 2023 2023 DEFERRED TAX ASSETS: Tax losses carried forward 7,574 (1,117) 15 6,472 Lease liability 611 56 - 667 Netting of lease liability (611) (37) - (647) Total deferred tax assets 7,574 (1,098) 15 6,492 DEFERRED TAX LIABILITIES: Right of use asset 617 31 - 648 Netting of right of use asset (611) (37) - (648) Withholding tax on dividends from Group companies 960 191 - 1,151 Total deferred tax liabilities 966 185 - 1,151 Total movement in period - (1,283) (15) - EUR \u2019000 As at restated Recognised Translation As at restated 1 January in profit or loss differences 31 December 2022 2022 DEFERRED TAX ASSETS: Tax losses carried forward 7,346 169 59 7, 574 Lease liability 861 (250) - 611 Netting of lease liability (861) 250 - (611) Total deferred tax assets 7,346 169 59 7, 574 DEFERRED TAX LIABILITIES: Right of use asset 823 (206) - 617 Netting of right of use asset (823) 212 - (611) Withholding tax on dividends from Group companies 203 757 - 960 Total deferred tax liabilities 203 763 - 966 Total movement in period - 594 (59) - Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "Deferred tax assets and liabilities Changes in and balances of deferred tax assets and liabilities for the year ended and as at 31  December: EUR \u2019000 As at Recognised Translation As at 1 January in profit or loss differences 31 December 2023 2023 DEFERRED TAX ASSETS: Tax losses carried forward 7,574 (1,117) 15 6,472 Lease liability 611 56 - 667 Netting of lease liability (611) (37) - (647) Total deferred tax assets 7,574 (1,098) 15 6,492 DEFERRED TAX LIABILITIES: Right of use asset 617 31 - 648 Netting of right of use asset (611) (37) - (648) Withholding tax on dividends from Group companies 960 191 - 1,151 Total deferred tax liabilities 966 185 - 1,151 Total movement in period - (1,283) (15) - EUR \u2019000 As at restated Recognised Translation As at restated 1 January in profit or loss differences 31 December 2022 2022 DEFERRED TAX ASSETS: Tax losses carried forward 7,346 169 59 7, 574 Lease liability 861 (250) - 611 Netting of lease liability (861) 250 - (611) Total deferred tax assets 7,346 169 59 7, 574 DEFERRED TAX LIABILITIES: Right of use asset 823 (206) - 617 Netting of right of use asset (823) 212 - (611) Withholding tax on dividends from Group companies 203 757 - 960 Total deferred tax liabilities 203 763 - 966 Total movement in period - 594 (59) - 14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,136 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 365 thou- sand of deferred tax asset was recognised on the amount of ECL provision recorded in retained earnings .  Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "13. Earnings per share Calculation of earnings per share attributable to shareholders of the Group includes an adjustment for interests paid due to perpetual bonds minus tax benefit on the interest expense arising from a classification of the perpetual bonds as liability (and deductibility of associated interest expense) according to Finnish tax regulations. Calculation of basic earnings per share is shown in the table below. 2023 Restated 2022 Profit for the period (EUR \u2019000) 16,438 11,773 Perpetual bonds interests recognised directly in retained earnings, net of tax (5,386) (3,670) (EUR \u2019000) Profit for the period, after perpetual bond interest (EUR \u2019000) 11,052 8,103 Weighted average number of ordinary shares in issue 21,598 21,578 Basic earnings per share attributable to the ordinary equity holders, EUR 0.51 0.38 Calculation of diluted earnings per share is shown in the table below. 2023 Restated 2022 Profit for the period (EUR \u2019000) 16,438 11,773 Perpetual bonds interests recognised directly in retained earnings, net of tax (5,386) (3,670) (EUR \u2019000) Profit for the period, after perpetual bond interest (EUR \u2019000) 11,052 8,103 Weighted average number of ordinary shares and potential ordinary 21,751 21,684 shares* Diluted earnings per share attributable to the ordinary equity holders, EUR 0.51 0.37 *Weighted number of ordinary shares is adjusted by weighted number of potential shares derived from performance share plan and matching share plan. Share based payment plans that are currently employed by Multitude do not create obliga- tion to issue new shares and the Group has the right to utilise treasury shares to fulfil its obligations towards participants of both plans. Calculation of weighted average number of ordinary shares used in determination of earnings per share is shown in the table below. 2023 Restated 2022 Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share 21,598 21,578 Adjustments for calculation of diluted earnings per share: - Matching share plan 153 106 - Performance share plan - - Weighted average number of ordinary shares and potential ordinary shares 21,751 21,684 used as the denominator in calculating diluted earnings per share Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2023: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 25,122 2,369 169 27,660 74.39% Finland 1,508 568 2,091 4,168 11.21% Malta 1,285 644 256 2,185 5.88% Germany 900 647 76 1,623 4.37% Other 654 590 303 1,547 4.16% Total 29,468 4,819 2,896 37,183 100.00% The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2022: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 26,820 1,535 168 28,524 72.96% Finland 2,073 100 2,124 4,297 10.99% Malta 1,235 1,205 509 2,950 7.55% Germany 1,040 775 108 1,923 4.92% Other 232 997 172 1,401 3.58% Total 31,400 4,613 3,081 39,094 100.00% 19. Property, plant and equipment EUR \u2019000 Office building Furnitures, Total fittings, and equipment ACQUISITION COSTS As at 1 January 2023 2,707 3,533 6,240 For the year ended 31 December 2023: Additions 18 338 356 Disposals* - (81) (81) Translation differences - - - Acquisition costs, as at 31 December 2023 2,725 3,790 6,515 ACCUMULATED DEPRECIATION As at 1 January 2023 (761) (2,399) (3,160) For the year ended 31 December 2023 Depreciation (Note 11) (160) (281) (441) Impairment (Note 10) - (17) (17) Cumulative depreciation, as at 31 December 2023 (921) (2,697) (3,618) Net carrying amount, as at 1 January 2023 1,947 1,134 3,081 Net carrying amount, as at 31 December 2023 1,804 1,094 2,898 ACQUISITION COSTS As at 1 January 2022 2,523 4,556 7,079 For the year ended 31 December 2022: Additions 184 275 460 Disposals - (1,298) (1,298) Translation differences - - - Acquisition costs, as at 31 December 2022 2,707 3,533 6,240 ACCUMULATED DEPRECIATION As at 1 January 2022 (618) (3,057) (3,675) For the year ended 31 December 2022 Depreciation (Note 11) (143) (640) (783) Disposals - 1,298 1,298 Cumulative depreciation, as at 31 December 2022 (761) (2,399) (3,160) Net carrying amount, as at 1 January 2022 1,906 1,498 3,404 Net carrying amount, as at 31 December 2022 1,947 1,134 3,081 *Loss of EUR 81 thousand was recored as other expense for the disposals of furnitures, fittings, and equipment in 2023 . There are no contractual commitments to acquire property, plant and equipment. There are no property, plant and equipment which are pledged as securities for liabilities. There are no material translation differences recognised on property, plant and equipment . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 16. Prepaid expenses and other assets EUR \u2019000 2023 Restated Restated 2022 2021 Prepaid expenses 2,725 (3) 1,077 VAT receivables 115 239 207 Other assets 1 1 40 Total 2,841 237 1,324 Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Accounting policy change 1: Reclassified EUR 1,311 thousand previously categorised under prepaid expenses and other assets to align with other financial assets financial statement line item Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2023: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 25,122 2,369 169 27,660 74.39% Finland 1,508 568 2,091 4,168 11.21% Malta 1,285 644 256 2,185 5.88% Germany 900 647 76 1,623 4.37% Other 654 590 303 1,547 4.16% Total 29,468 4,819 2,896 37,183 100.00% The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2022: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 26,820 1,535 168 28,524 72.96% Finland 2,073 100 2,124 4,297 10.99% Malta 1,235 1,205 509 2,950 7.55% Germany 1,040 775 108 1,923 4.92% Other 232 997 172 1,401 3.58% Total 31,400 4,613 3,081 39,094 100.00% 17. Intangible assets EUR \u2018000 InternallyComputer Other in- Total generated Software tangible software assets ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2023 54,635 23,643 2,965 81,244 For the year ended 31 December 2023: Additions 9,776 851 - 10,627 Disposals - (13) (6) (19) Translation differences - - 4 4 Acquisition costs, as at 31 December 2023 64,411 24,481 2,963 91,855 ACCUMULATED AMORTISATION As at 1 January 2023 (32,387) (14,800) (2,657) (49,845) For the year ended 31 December 2023: Cumulative amortisation on disposals - 13 6 19 Amortisation (Note 11) (9,982) (2,517) (63) (12,561) Cumulative amortisation, as at 31 December 2023 (42,369) (17, 304) (2,714) (62,387) Net carrying amount, as at 1 January 2023 22,248 8,844 308 31,400 Net carrying amount, as at 31 December 2023 22,041 7,178 249 29,468 ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2022 44,127 30,075 2,965 77,167 For the year ended 31 December 2022: Additions 10,508 - 61 10,569 Disposals - (6,432) - (6,432) Translation differences - - (61) (61) Acquisition costs, as at 31 December 2022 54,635 23,643 2,965 81,244 ACCUMULATED AMORTISATION AND IMPAIRMENT As at 1 January 2022 (22,754) (15,955) (2,608) (41, 317) For the year ended 31 December 2022: Cumulative amortisation on disposals - 6,399 - 6,399 Amortisation (Note 11) (9,633) (5,244) (49) (14,926) Cumulative amortisation, as at 31 December 2022 (32,387) (14,800) (2,657) (49,844) Net carrying amount, as at 1 January 2022 21,373 14,120 357 35,850 Net carrying amount, as at 31 December 2022 22,248 8,844 308 31,400  There are no intangible assets pledged as securities for liabilities ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2023: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 25,122 2,369 169 27,660 74.39% Finland 1,508 568 2,091 4,168 11.21% Malta 1,285 644 256 2,185 5.88% Germany 900 647 76 1,623 4.37% Other 654 590 303 1,547 4.16% Total 29,468 4,819 2,896 37,183 100.00% The Group\u2019s net amounts of non-financial assets are analysed by geographical location as at 31 December 2022: Intangible Right-of-use Property, EUR \u2019000 assets assets plant and Total % equipment Slovakia 26,820 1,535 168 28,524 72.96% Finland 2,073 100 2,124 4,297 10.99% Malta 1,235 1,205 509 2,950 7.55% Germany 1,040 775 108 1,923 4.92% Other 232 997 172 1,401 3.58% Total 31,400 4,613 3,081 39,094 100.00% 17. Intangible assets EUR \u2018000 InternallyComputer Other in- Total generated Software tangible software assets ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2023 54,635 23,643 2,965 81,244 For the year ended 31 December 2023: Additions 9,776 851 - 10,627 Disposals - (13) (6) (19) Translation differences - - 4 4 Acquisition costs, as at 31 December 2023 64,411 24,481 2,963 91,855 ACCUMULATED AMORTISATION As at 1 January 2023 (32,387) (14,800) (2,657) (49,845) For the year ended 31 December 2023: Cumulative amortisation on disposals - 13 6 19 Amortisation (Note 11) (9,982) (2,517) (63) (12,561) Cumulative amortisation, as at 31 December 2023 (42,369) (17, 304) (2,714) (62,387) Net carrying amount, as at 1 January 2023 22,248 8,844 308 31,400 Net carrying amount, as at 31 December 2023 22,041 7,178 249 29,468 ACQUISITION AND DEVELOPMENT COSTS As at 1 January 2022 44,127 30,075 2,965 77,167 For the year ended 31 December 2022: Additions 10,508 - 61 10,569 Disposals - (6,432) - (6,432) Translation differences - - (61) (61) Acquisition costs, as at 31 December 2022 54,635 23,643 2,965 81,244 ACCUMULATED AMORTISATION AND IMPAIRMENT As at 1 January 2022 (22,754) (15,955) (2,608) (41, 317) For the year ended 31 December 2022: Cumulative amortisation on disposals - 6,399 - 6,399 Amortisation (Note 11) (9,633) (5,244) (49) (14,926) Cumulative amortisation, as at 31 December 2022 (32,387) (14,800) (2,657) (49,844) Net carrying amount, as at 1 January 2022 21,373 14,120 357 35,850 Net carrying amount, as at 31 December 2022 22,248 8,844 308 31,400  There are no intangible assets pledged as securities for liabilities ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "14. Current and non-current assets and liabilities Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2023: EUR \u2019000 Within one year After one year Total as at 31 December 2023 ASSETS: Cash and cash equivalents 283,712 - 283,712 Derivative financial assets 299 - 299 Loans to customers 400,356 175,592 575,948 Debt investments 1,067 61,047 62,114 Current tax assets 1,832 - 1,832 Other financial assets 12,483 6,952 19,435 Prepaid expenses and other assets 2,840 1 2,841 Intangible assets - 29,468 29,468 Right-of-use assets - 4,819 4,819 Property, plant and equipment - 2,896 2,896 Investments accounted for using the equity method - 1,022 1,022 Deferred tax assets - 6,492 6,492 Total 702,589 288,289 990,878 LIABILITIES: Derivative financial liabilities 5,323 - 5,323 Deposits from customers 484,230 248,120 732,350 Provisions, accruals and other liabilities 13,372 - 13,372 Current tax liabilities 2,268 - 2,268 Debt securities 293 47,512 47,805 Lease liabilities 1,948 3,015 4,963 Deferred tax liabilities - 1,151 1,151 Total 507,434 299,798 807,232 2 Asset and liability line items by amounts recovered or settled within or after one year as at 31 December 2022: EUR \u2019000 Within one year After one year Total as at restated 31 December 2022 ASSETS: Cash and cash equivalents 153,325 - 153,325 Derivative financial assets 3,180 - 3,180 Loans to customers 405,736 101,339 507,075 Debt investments 307 20,800 21,107 Current tax assets 2,230 - 2,230 Other financial assets 11,330 8,083 19,413 Prepaid expenses and other assets 237 - 237 Intangible assets - 31,400 31,400 Right-of-use assets - 4,613 4,613 Property, plant and equipment - 3,081 3,081 Deferred tax assets - 7, 574 7,574 Total 576,345 176,890 753,235 LIABILITIES: Derivative financial liabilities 446 - 446 Deposits from customers 421,768 81,610 503,378 Provisions, accruals and other liabilities 15,576 - 15,576 Current tax liabilities 921 - 921 Debt securities 624 46,791 47,416 Lease liabilities 1,472 3,095 4,566 Deferred tax liabilities - 966 966 Total 440,807 132,462 573,269 Asset and liability line items by amounts recovered or settled within or after one year as at 1 January 2022: EUR \u2019000 Within one year After one year Total as at restated 1 January 2022 ASSETS: Cash and cash equivalents 301,592 - 301,592 Derivative financial assets 324 - 324 Loans to customers 361,710 87,852 449,562 Debt investments - - - Current tax assets 2,200 - 2,200 Other financial assets 13,344 6,215 19,559 Prepaid expenses and other assets 1,324 - 1,324 Intangible assets - 35,850 35,850 Right-of-use assets - 1,618 1,618 Property, plant and equipment - 3,404 3,404 Deferred tax assets - 7,346 7,346 Total 680,494 142,285 822,779 LIABILITIES: Derivative financial liabilities 1,232 - 1,232 Deposits from customers 403,217 82,793 486,010 Provisions, accruals and other liabilities 15,340 - 15,340 Current tax liabilities 3,455 - 3,455 Debt securities 84,158 57,656 141,814 Lease liabilities 1,412 282 1,694 Deferred tax liabilities - 203 203 Total 508,814 140,934 649,748 16. Prepaid expenses and other assets EUR \u2019000 2023 Restated Restated 2022 2021 Prepaid expenses 2,725 (3) 1,077 VAT receivables 115 239 207 Other assets 1 1 40 Total 2,841 237 1,324 Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 The fair value of derivative financial assets is determined using level 2 fair value measurement. The derivative assets include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. Debt investments at 31 December 2023 include investment in secured bonds. The value of this item is determined using level 3 fair value measurement due to the private placement of instruments. Other financial assets mainly include loans to related parties, receivables from banks and receiv- ables from sold portfolios. Receivables from banks include mandatory deposits held with other banks as a collateral for the purpose of hedging. Loans to related parties comprise corporate loan issued by Multitude Bank to Sortter Oy and disclosed in Note 25. The fair values of the other financial assets measured at amortised cost are determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial assets reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022. 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 2022 Multitude Bank tranche bonds The Multitude Bank p.l.c. tranche bonds (series no. 1/2022 - ISIN: MT0000911215) (\u201c2022 FBM tranche bonds\u201d) were issued on 13 April 2022 with a coupon rate of 6% maturing on 13 April 2032. Out of the EUR 5.1 million bonds issued, EUR 2.0 million was issued to Multitude SE, which was eliminated at the Group level as part of the consolidation process. At 31 December 2023, the 2022 FBM tranche bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position and have outstanding nominal and carrying amounts of EUR 3.1 million and EUR 2.9 million, respectively. 2022 Multitude SE senior unsecured bonds Multitude SE senior unsecured bonds (ISIN: NO0012702549) were issued on 7 December 2022 with a coupon rate of 7.5% plus 3-month Euribor, maturing in December 2025 (the \u201c2022 MSE Bonds\u201d). At 31 December 2023, the 2022 MSE Bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position, have outstanding nominal and carrying amounts of EUR 46.0 million and EUR 44.9 million, respectively. Financial liabilities fair value measurements The fair value of derivative financial liabilities is determined using level 2 fair value measurement.  Derivative financial liabilities include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. The fair value of debt securities that includes only listed bonds (2022 Multitude Bank tranche bonds and 2022 Multitude SE senior unsecured bonds) is determined using level 1 fair value mea- surement based on the published quotes in the Frankfurt Stock Exchange Open Market, Frankfurt Stock Exchange Prime Standard, and Malta Stocks Exchange, respectively. The fair value of the remaining financial liabilities measured at amortised cost is determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial liabilities reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022 . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "15. Financial assets The table below summarises the Group\u2019s financial assets presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December: 2023 Restated 2022 Restated 2021 Fair value EUR \u2019000 measure- Carrying Fair Carrying Fair value Carrying Fair value ment amount value amount amount FINANCIAL ASSETS AT FVPL Derivative financial assets Level 2 299 299 3,180 3,180 324 324 FINANCIAL ASSETS AT AMORTISED COST Loans to customers Level 3 575,948 575,948 507,075 507,075 449,562 449,562 Cash and cash equivalents 283,712 - 153,325 - 301,592 - Debt investments Level 3 62,114 62,114 21,107 21,107 - - Other financial assets: - Loans to related parties Level 3 10,048 10,048 8,138 8,138 6,215 6,215 - Receivables from banks Level 3 4,362 4,362 4,362 4,362 5,108 5,108    - Receivables from sold Level 3 1,476 1,476 2,263 2,263 4,657 4,657 portfolios Other receivables Level 3 3,549 3,549 4,649 4,649 3,579 3,579 Total 941,508 657,796 704,101 550,776 771,037 469,445 The fair value of derivative financial assets is determined using level 2 fair value measurement. The derivative assets include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. Debt investments at 31 December 2023 include investment in secured bonds. The value of this item is determined using level 3 fair value measurement due to the private placement of instruments. Other financial assets mainly include loans to related parties, receivables from banks and receiv- ables from sold portfolios. Receivables from banks include mandatory deposits held with other banks as a collateral for the purpose of hedging. Loans to related parties comprise corporate loan issued by Multitude Bank to Sortter Oy and disclosed in Note 25. The fair values of the other financial assets measured at amortised cost are determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial assets reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022. 20. Financial liabilities The table below summarises the Group\u2019s financial liabilities presented based on their classification based on their subsequent measurement, at amortised cost or FVPL; and based on their fair value measurement hierarchy, level 1, 2 or 3; as at 31 December : 2022 Multitude Bank tranche bonds The Multitude Bank p.l.c. tranche bonds (series no. 1/2022 - ISIN: MT0000911215) (\u201c2022 FBM tranche bonds\u201d) were issued on 13 April 2022 with a coupon rate of 6% maturing on 13 April 2032. Out of the EUR 5.1 million bonds issued, EUR 2.0 million was issued to Multitude SE, which was eliminated at the Group level as part of the consolidation process. At 31 December 2023, the 2022 FBM tranche bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position and have outstanding nominal and carrying amounts of EUR 3.1 million and EUR 2.9 million, respectively. 2022 Multitude SE senior unsecured bonds Multitude SE senior unsecured bonds (ISIN: NO0012702549) were issued on 7 December 2022 with a coupon rate of 7.5% plus 3-month Euribor, maturing in December 2025 (the \u201c2022 MSE Bonds\u201d). At 31 December 2023, the 2022 MSE Bonds are presented as debt securities in the Group\u2019s consolidated statement of financial position, have outstanding nominal and carrying amounts of EUR 46.0 million and EUR 44.9 million, respectively. Financial liabilities fair value measurements The fair value of derivative financial liabilities is determined using level 2 fair value measurement.  Derivative financial liabilities include only foreign currency forward contracts where the Group agrees to sell a predetermined amount of its foreign currency exposure at a predetermined price. The fair value of debt securities that includes only listed bonds (2022 Multitude Bank tranche bonds and 2022 Multitude SE senior unsecured bonds) is determined using level 1 fair value mea- surement based on the published quotes in the Frankfurt Stock Exchange Open Market, Frankfurt Stock Exchange Prime Standard, and Malta Stocks Exchange, respectively. The fair value of the remaining financial liabilities measured at amortised cost is determined using level 3 fair value measurement based significantly on unobservable inputs. The Group estimates that the carrying amounts of these financial liabilities reasonably approximate their fair values as it is derived from the purchased price agreed in orderly transactions at 31 December 2023 and 31 December 2022 . 2023 Restated 2022 Restated 2021 Fair value Carrying Fair Carrying Carrying EUR \u2019000 Fair value Fair value hierarchy amount value amount amount FINANCIAL LIABILITIES AT FVPL Derivative financial liabilities Level 2 5,323 5,323 446 446 1,232 1,232 FINANCIAL LIABILITIES AT AMORTISED COST Deposits from customers Level 3 732,350 732,350 503,378 503,378 486,010 486,010 Debt securities Level 1 47, 805 46,676 47,416 48,439 141,814 142,987 Provisions, accruals and other liabilities: Level 3 - Other financial liabilities 9,331 9,331 12,172 12,172 12,789 12,789 Lease liabilities 4,963 - 4,566 - 1,694 - Total 799,772 793,680 567,978 564,435 643,539 643,018 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "21. Issued capital and reserves The table below shows composition of authorised share capital of Multitude SE. 2023, N '000 2022, N '000 2023, EUR 2022, EUR '000 '000 AUTHORISED SHARE CAPITAL 21,724 21,724 40,134 40,134 2023, N '000 2022, N '000 ORDINARY SHARES ISSUED AND OUTSTANDING At 1 January 21,578 21,578 Share-based payment during the period 40 - At 31 December 21,618 21,578 2023, N '000 2022, N '0002023, EUR 2022, EUR '000 '000 TREASURY SHARES At 1 January 146 146 142 142 Share-based payment during the period (40) - (39) - At 31 December 106 146 103 142 The Group holds 106 thousand shares, held as treasury shares as at 31 December 2023 and 146 thousand shares as at 31 December 2022. The movement in the number of treasury shares is related to payout of 40,134 shares in connection with the matching share plan in 2023. Multitude SE issued a EUR 50 million worth of unsecured and subordinated perpetual capital bonds(\"perpetual bonds\") on 5 July 2021, at of 99.50% of the nominal amount. The perpetual bonds (ISIN NO0011037327) were drawn against a total authorised framework of EUR 100 million with a floating coupon rate of 8.90% plus 3-month Euribor. The Group has a right to postpone the interest payment indefinitely due on the perpetual bonds, provided it has informed the bond- holders of the postponement within the timeframe specified in the terms and conditions. Any discretionary dividend distribution by Multitude triggers an interest payment obligation on the perpetual bonds. During 2023, the Group redeemed a portion of the equity-related bond for EUR 5.0 million. The total amount consists of EUR 4.6 million in cash payment and EUR 0.4 million in a discount record- ed directly in equity. The table below shows composition of issued capital of Multitude SE. The table below shows breakdown of other reserves: EUR \u2019000 2023 2022 Reserve for General Banking Risks - 1,519 Reserve for Excessive Non-Performing Loans 31 1,073 Total other reserves 31 2,592 The Reserve for General Banking Risks refers to the amount allocated by the Multitude Bank from its retained earnings to a non-distributable reserve against potential risks linked to the Bank\u2019s non-performing loans. Banking Rule BR/09 also requires the recognition of a separate non-dis- tributable reserve for Excessive Non-Performing Loans composed of allocations from retained earnings when the Bank deviates from any phase of the non-performing loans reduction plan in order to strengthen its resiliency to the risks associated with high NPL. Banking Rule 09 was revised as from 1 January 2023 and under the new rule banks are no longer required to hold these reserves. Therefore, during 2023 the Bank released these amounts back to retained earnings. The reserve balance as at 31 December 2023 amounted to EUR 31 thousand (2022: EUR 1.1 million).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "21. Issued capital and reserves The table below shows composition of authorised share capital of Multitude SE. 2023, N '000 2022, N '000 2023, EUR 2022, EUR '000 '000 AUTHORISED SHARE CAPITAL 21,724 21,724 40,134 40,134 2023, N '000 2022, N '000 ORDINARY SHARES ISSUED AND OUTSTANDING At 1 January 21,578 21,578 Share-based payment during the period 40 - At 31 December 21,618 21,578 2023, N '000 2022, N '0002023, EUR 2022, EUR '000 '000 TREASURY SHARES At 1 January 146 146 142 142 Share-based payment during the period (40) - (39) - At 31 December 106 146 103 142 The Group holds 106 thousand shares, held as treasury shares as at 31 December 2023 and 146 thousand shares as at 31 December 2022. The movement in the number of treasury shares is related to payout of 40,134 shares in connection with the matching share plan in 2023. Multitude SE issued a EUR 50 million worth of unsecured and subordinated perpetual capital bonds(\"perpetual bonds\") on 5 July 2021, at of 99.50% of the nominal amount. The perpetual bonds (ISIN NO0011037327) were drawn against a total authorised framework of EUR 100 million with a floating coupon rate of 8.90% plus 3-month Euribor. The Group has a right to postpone the interest payment indefinitely due on the perpetual bonds, provided it has informed the bond- holders of the postponement within the timeframe specified in the terms and conditions. Any discretionary dividend distribution by Multitude triggers an interest payment obligation on the perpetual bonds. During 2023, the Group redeemed a portion of the equity-related bond for EUR 5.0 million. The total amount consists of EUR 4.6 million in cash payment and EUR 0.4 million in a discount record- ed directly in equity. The table below shows composition of issued capital of Multitude SE. The table below shows breakdown of other reserves: EUR \u2019000 2023 2022 Reserve for General Banking Risks - 1,519 Reserve for Excessive Non-Performing Loans 31 1,073 Total other reserves 31 2,592 The Reserve for General Banking Risks refers to the amount allocated by the Multitude Bank from its retained earnings to a non-distributable reserve against potential risks linked to the Bank\u2019s non-performing loans. Banking Rule BR/09 also requires the recognition of a separate non-dis- tributable reserve for Excessive Non-Performing Loans composed of allocations from retained earnings when the Bank deviates from any phase of the non-performing loans reduction plan in order to strengthen its resiliency to the risks associated with high NPL. Banking Rule 09 was revised as from 1 January 2023 and under the new rule banks are no longer required to hold these reserves. Therefore, during 2023 the Bank released these amounts back to retained earnings. The reserve balance as at 31 December 2023 amounted to EUR 31 thousand (2022: EUR 1.1 million).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "21. Issued capital and reserves The table below shows composition of authorised share capital of Multitude SE. 2023, N '000 2022, N '000 2023, EUR 2022, EUR '000 '000 AUTHORISED SHARE CAPITAL 21,724 21,724 40,134 40,134 2023, N '000 2022, N '000 ORDINARY SHARES ISSUED AND OUTSTANDING At 1 January 21,578 21,578 Share-based payment during the period 40 - At 31 December 21,618 21,578 2023, N '000 2022, N '0002023, EUR 2022, EUR '000 '000 TREASURY SHARES At 1 January 146 146 142 142 Share-based payment during the period (40) - (39) - At 31 December 106 146 103 142 The Group holds 106 thousand shares, held as treasury shares as at 31 December 2023 and 146 thousand shares as at 31 December 2022. The movement in the number of treasury shares is related to payout of 40,134 shares in connection with the matching share plan in 2023. Multitude SE issued a EUR 50 million worth of unsecured and subordinated perpetual capital bonds(\"perpetual bonds\") on 5 July 2021, at of 99.50% of the nominal amount. The perpetual bonds (ISIN NO0011037327) were drawn against a total authorised framework of EUR 100 million with a floating coupon rate of 8.90% plus 3-month Euribor. The Group has a right to postpone the interest payment indefinitely due on the perpetual bonds, provided it has informed the bond- holders of the postponement within the timeframe specified in the terms and conditions. Any discretionary dividend distribution by Multitude triggers an interest payment obligation on the perpetual bonds. During 2023, the Group redeemed a portion of the equity-related bond for EUR 5.0 million. The total amount consists of EUR 4.6 million in cash payment and EUR 0.4 million in a discount record- ed directly in equity. The table below shows composition of issued capital of Multitude SE. The table below shows breakdown of other reserves: EUR \u2019000 2023 2022 Reserve for General Banking Risks - 1,519 Reserve for Excessive Non-Performing Loans 31 1,073 Total other reserves 31 2,592 The Reserve for General Banking Risks refers to the amount allocated by the Multitude Bank from its retained earnings to a non-distributable reserve against potential risks linked to the Bank\u2019s non-performing loans. Banking Rule BR/09 also requires the recognition of a separate non-dis- tributable reserve for Excessive Non-Performing Loans composed of allocations from retained earnings when the Bank deviates from any phase of the non-performing loans reduction plan in order to strengthen its resiliency to the risks associated with high NPL. Banking Rule 09 was revised as from 1 January 2023 and under the new rule banks are no longer required to hold these reserves. Therefore, during 2023 the Bank released these amounts back to retained earnings. The reserve balance as at 31 December 2023 amounted to EUR 31 thousand (2022: EUR 1.1 million).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "The Group holds 106 thousand shares, held as treasury shares as at 31 December 2023 and 146 thousand shares as at 31 December 2022. The movement in the number of treasury shares is related to payout of 40,134 shares in connection with the matching share plan in 2023. 2023, N '000 2022, N '0002023, EUR 2022, EUR '000 '000 TREASURY SHARES At 1 January 146 146 142 142 Share-based payment during the period (40) - (39) - At 31 December 106 146 103 142 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "There are no contingent liabilities for year ended and as at 31 December 2023 and 31 December 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "Key management compensation The table below outlines the related party transactions involving Members of Multitude's Board and Leadership Team, encompassing gross salary and short-term benefits, share-based payments, and employer contributions to defined contribution post-employment plans . EUR \u2019000 2023 2022 COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS AND CEO: Jorma Jokela, CEO Salaries and other short-term employee benefits* 246 240 Share-based payments 14 16 Dividend payments 1,441 - Ari Tiukkanen, Chairman Salaries and other short-term employee benefits** 212 - Share-based payments 2 - Post-employment benefits 104 - Dividend payments 2 - Frederik Strange, Ex Chairman Salaries and other short-term employee benefits 16 48 Dividend payments 1 - Michael Cusumano, Member Salaries and other short-term employee benefits 48 48 Goutam Challagalla, Member Salaries and other short-term employee benefits 48 48 Kristiina Lepp\u00e4nen, Member Salaries and other short-term employee benefits 49 28 Juhani Vanhala, Ex Member Salaries and other short-term employee benefits 16 48 Dividend payments 10 - Jussi Mekkonen, Member Salaries and other short-term employee benefits 16 29 Lea Liigus, Member Salaries and other short-term employee benefits 60 60 Share-based payments 6 6 Dividend payments 15 - Total 2,306 571 COMPENSATION OF LEADERSHIP TEAM MEMBERS AND CEO: Salaries and other short-term employee benefits 3,024 3,068 Share-based payments 241 229 Post-employment benefits 229 230 Dividend payments 1,488 - Total 4,982 3,527 *The retirement age of CEO is 65 years, and he has no defined benefit pension plan. **Including remuneration in the role of Deputy CEO ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "26. Change in accounting policies and correction of errors During the financial period, the Group has made changes in its accounting policies regarding the presentation of financial statements. As a result of this change, prior period classification errors were noted and corrected as explained below. The reasons and impact of change in accounting policies and correction of prior period errors in financial statements are described below. a) Change in accounting policy - Adoption of new presentation: In 2023, the Group has undertaken a strategic initiative to enhance the presentation of its financial results, with the aim of providing reliable and more relevant information about the Group\u2019s finan- cial position and performance, aligning the presentation of primary statements with the common practice within the financial industry. As a result, the Group, starting with the financial year ended 31 December 2023: \u2022  changed the presentation of the statement of financial position from current / non-current clas- sification to presentation based on the order of liquidity; \u2022  has restructured the statement of profit or loss to present the net interest income, net fair value and foreign exchange gains and losses and other items; \u2022  made corresponding changes in the presentation of the statement of cash flows, to align the presentation with the financial industry and to include the cash flows of operating financial assets and financial liabilities in the cash flows from operating activities in line with IAS 7. The retrospective impact of the change in the presentation and the resulting reclassification of certain financial statement line items is shown in the tables below. b) Correction of prior period errors: The following corrections have been made: 1.  Inclusion of collection costs in the calculation of expected credit losses   Previously, the Group recognised collection costs as incurred and presented them in general and administrative expense. Debt collection costs are considered incremental and directly at- tributable to the recovery of cash flows of the granted loans in the event of a default, and as such, they should rather be incorporated into the estimate of the expected credit losses. After the correction, debt collection costs are included in the calculation of expected credit losses by incorporating them in the net expected cash flows of loans to customers to which the collection costs directly relate to.  2. Classification of reminder fees as interest income     The Group has revised its treatment of reminder fees. Historically these fees have been classified as fee and commission income in the statement of profit or loss and accounted for under IFRS 15. Reminder fees are a standard feature of loans to customers and they are collected from the inception of the loan contract over the lifetime of loan similarly to interest. From the financial year ended 31 December 2023 onwards, the Group accounts for these fees in line with IFRS 9, and factors the reminder fees in the calculation of interest income by applying the effective in- terest method. 3. Scoring costs  Scoring costs consist of credit information, credit rating and similar checks conducted when a client applies for a loan or product and reaches a certain stage in this process. Historically, scoring costs have been recognised as incurred and presented in general and administrative expense. However, whenever such scoring costs relate to a loan which is granted to the client, the costs should be treated as a directly attributable transaction cost to such loan, and should be included in the loan balance at inception and in the calculation of the effective interest rate of that loan, thus decreasing the interest income. This restatement only applies to scoring costs related to loans issued.   These changes, together with any potential impact in recognised deferred taxes, have been ap- plied consistently, by adjusting the comparative period and the opening balances for the earliest period presented for each affected financial statement line item. List of restatements in the consolidated statement of financial position on 1 January 2022: Accounting policy change 1: Merged EUR 13,344 thousand of receivables from sold portfolios and receivables from banks previously categorised under non-current financial assets with current oth- er financial assets into other financial assets financial statement line item. Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Accounting policy change 4: Merged EUR 84,158 thousand previously categorised under short- term borrowings with long-term borrowings to be included under the debt securities financial statement line item. Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,136 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 365 thou- sand of deferred tax asset was recognised on the amount of ECL provision recorded in retained earnings . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 List of restatements in the consolidated statement of financial position on 31 December 2022: Accounting policy change 1: Reclassified EUR 1,311 thousand previously categorised under prepaid expenses and other assets to align with other financial assets financial statement line item . Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 List of restatements in the consolidated statement of profit or loss for 2022 Changes in the income side of the consolidated statement of profit or loss: Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Changes in the expense side of the consolidated statement of profit or loss: Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Renaming of financial statement line items for alignment with the financial industry: Interest revenue has been renamed to interest income. Service fee revenue has been renamed to fee and commission income. Finance cost has been renamed to interest expense and reclassified to net interest income. Bank and lending costs have been merged with general and administrative expense Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR List of restatements in the consolidated statement of cash flows on 31 December 2022 The following changes have been implemented: Accounting policy change 1: Purchase of non-current assets for the total amount of EUR 20,800 thousand has been relocated from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in debt investments. Impairment on non-financial assets for the total amount of EUR 622 thousand has been reclassified from other adjustments line. Accounting policy change 2: Purchase of investments and other assets for the total amount of  EUR 3,625 thousand has been transferred from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in derivative financial instruments (net). Purchase of intangible assets of EUR 10,432 thousand was reclassified from purchase of tangible assets to separate line item. Accounting policy change 3: Finance cost, net has been split between net interest income and unrealised items included in fair value and fair values and foreign exchange gain or loss in the statement of profit or loss totaling EUR 194,170 thousand (EUR 198,224 thousand of interest expense and EUR 3,848 thousand of fair value and fair values and foreign exchange gain or loss) and interest received totaling EUR 208,064 thousand. Accounting policy change 4: Movement in gross portfolio in amount of EUR 138,346 thousand has been shifted to change in operating assets, and proceeds from long-term (EUR 47,672 thousand) and short-term borrowings (EUR 39,400 thousand) have been merged. Movement in gross portfolio has been renamed to increase (-) / decrease (+) in loans to customers. Deposits from customers line item (EUR 17,828 thousand) has been moved from financing activities to operating activities and renamed to increase (+) / decrease (-) in deposits from customers. Correction of error 1: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers and hence deducted from increase/decrease in loans to customers. Correction of error 2: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. EUR 252 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 29 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. Consolidated statement of cash flows for 2022 EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change tion of tion of change (Restated) ed) 1 2 3 4 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM PERATING PERATING ACTIVITIES ACTIVITIES Profit for the Profit for the 11,995 - - - - - (222) (222) 11,772 year period Adjustments Adjustments for: for: Depreciation Depreciation and and 18,144 (622) - - - - - (622) 17,522 amortisation amortisation Net interest income and Finance costs, Fair values 15,286 - - (15,286) - - - (15,286) - net and foreign exchange gain or loss Tax on income Income tax from operations expense 1,846 - - - - - (29) (29) 1,817 Other Other (172) 622 - - - - - 622 450 adjustments adjustments Impairments Impairment on loans loss on loans 78,660 - - - - 5,734 251 5,986 84,646 to customers Finance costs, Net interest net, Interest income - - - (198,224) - - - (198,224) (198,224) received Fair value and Finance costs, foreign net, Interest exchange - - - 3,848 - - - 3,848 3,848 received gains and losses Working Changes in capital operating changes: assets: Increase (-) / Increase (-) / decrease (+) decrease (+) 1,078 - - - - - - - 1,078 in current in other receivables assets Increase (+) / Increase (+) / decrease (-) in decrease (-) trade in other (453) - - - - - - - (453) payables and other liabilities liabilities Movements in Increase (-) / gross decrease (+) - - - - (138,346) (5,734) - (144,080) (144,080) portfolio in loans to customers Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Reported) change 1 change change change tion of tion of change (Restated) 2 3 4 error 1 error 2 Purchase of Increase (-) / non-current decrease (+) - (20,800) - - - - - (20,800) (20,800) financial in debt assets investments Increase (-) / Purchase of decrease (+) investments in derivative - - (3,625) - - - - (3,625) (3,625) and other financial assets instruments (net) Increase (+) / Deposits from decrease (-) in - - - - 17,828 - - 17,828 17,828 customers deposits from customers Interest paid Interest paid (11,251) - - - - - - - (11,251) Interest Interest 699 - - 208,064 - - - 208,064 208,763 received received Income taxes Income taxes (3,637) - - - - - - - (3,637) paid paid Movements in Increase (-) / gross decrease (+) (138,346) - - - - - 138,346 - portfolio in loans to 138,346 customers Net cash flows Net cash used in flows used in (26,151) (20,800) (3,625) (1,598) 17, 828 - - (8,195) (34,346) operating operating activities activities CASH FLOWS CASH FLOWS FROM FROM INVESTING INVESTING ACTIVITIES ACTIVITIES Purchase of Purchase of tangible and tangible (10,903) - 10,432 - - - - 10,432 (471) intangible assets assets Purchase of Purchase of tangible and intangible - - (10,432) - - - - (10,432) (10,433) intangible assets assets Increase (-) / Purchase of decrease (+) investments in derivative (3,625) - 3,625 - - - - 3,625 - and other financial assets instruments (net) Purchase of Increase (-) / non-current decrease (+) (20,800) 20,800 - - - - - 20,800 - financial in debt assets investments Net cash flows Net cash used in flows used in (35,328) 20,800 3,625 - - - - 24,425 (10,903) investing investing activities activities Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change 4 tion of tion of change (Restated) ed) 1 2 3 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM FINANCING FINANCING ACTIVITIES ACTIVITIES Repayment of Repayment of short-term debt securities (182,150) - - - - - - - (182,150) borrowings Perpetual Payment of bonds perpetual (3,670) - - - - - - - (3,670) interests and issuance costs bonds interest Repayment of Repayment of finance lease lease liabilities (1,939) - - - - - - - (1,939) liabilities Proceeds from Proceeds from long-term debt securities 47,672 - - - 39,400 - - 39,400 87,072 borrowings Proceeds from Proceeds from short-term debt securities 39,400 - - - (39,400) - - (39,400) - borrowings Increase (+) / Deposits from decrease (-) in 17, 828 - - - (17,828) - - (17,828) - customers deposits from customers Net cash flows Net cash flows from (used in) from (used in) (82,859) - - - (17,828) - - (17,828) (100,687) financing financing activities activities Cash and cash Cash and cash equivalents, as equivalents, as 301,592 - - - - - - - 301,592 at 1 January at 1 January Exchange Exchange gains (losses) gains (losses) on cash and on cash and (3,930) - - 1,599 - - - 1,599 (2,331) cash cash equivalents equivalents Net increase in Net increase in cash and cash cash and cash (144,338) - - (1,599) - - - (1,599) (145,937) equivalents equivalents Cash and cash Cash and cash equivalents, as equivalents, as 153,325 - - - - - - - 153,325 at 31 at 31 December December",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "26. Change in accounting policies and correction of errors During the financial period, the Group has made changes in its accounting policies regarding the presentation of financial statements. As a result of this change, prior period classification errors were noted and corrected as explained below. The reasons and impact of change in accounting policies and correction of prior period errors in financial statements are described below. a) Change in accounting policy - Adoption of new presentation: In 2023, the Group has undertaken a strategic initiative to enhance the presentation of its financial results, with the aim of providing reliable and more relevant information about the Group\u2019s finan- cial position and performance, aligning the presentation of primary statements with the common practice within the financial industry. As a result, the Group, starting with the financial year ended 31 December 2023: \u2022  changed the presentation of the statement of financial position from current / non-current clas- sification to presentation based on the order of liquidity; \u2022  has restructured the statement of profit or loss to present the net interest income, net fair value and foreign exchange gains and losses and other items; \u2022  made corresponding changes in the presentation of the statement of cash flows, to align the presentation with the financial industry and to include the cash flows of operating financial assets and financial liabilities in the cash flows from operating activities in line with IAS 7. The retrospective impact of the change in the presentation and the resulting reclassification of certain financial statement line items is shown in the tables below. b) Correction of prior period errors: The following corrections have been made: 1.  Inclusion of collection costs in the calculation of expected credit losses   Previously, the Group recognised collection costs as incurred and presented them in general and administrative expense. Debt collection costs are considered incremental and directly at- tributable to the recovery of cash flows of the granted loans in the event of a default, and as such, they should rather be incorporated into the estimate of the expected credit losses. After the correction, debt collection costs are included in the calculation of expected credit losses by incorporating them in the net expected cash flows of loans to customers to which the collection costs directly relate to.  2. Classification of reminder fees as interest income     The Group has revised its treatment of reminder fees. Historically these fees have been classified as fee and commission income in the statement of profit or loss and accounted for under IFRS 15. Reminder fees are a standard feature of loans to customers and they are collected from the inception of the loan contract over the lifetime of loan similarly to interest. From the financial year ended 31 December 2023 onwards, the Group accounts for these fees in line with IFRS 9, and factors the reminder fees in the calculation of interest income by applying the effective in- terest method. Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 List of restatements in the consolidated statement of financial position on 31 December 2022: Accounting policy change 1: Reclassified EUR 1,311 thousand previously categorised under prepaid expenses and other assets to align with other financial assets financial statement line item . Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 List of restatements in the consolidated statement of profit or loss for 2022 Changes in the income side of the consolidated statement of profit or loss: Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Changes in the expense side of the consolidated statement of profit or loss: Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Renaming of financial statement line items for alignment with the financial industry: Interest revenue has been renamed to interest income. Service fee revenue has been renamed to fee and commission income. Finance cost has been renamed to interest expense and reclassified to net interest income. Bank and lending costs have been merged with general and administrative expense Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR List of restatements in the consolidated statement of cash flows on 31 December 2022 The following changes have been implemented: Accounting policy change 1: Purchase of non-current assets for the total amount of EUR 20,800 thousand has been relocated from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in debt investments. Impairment on non-financial assets for the total amount of EUR 622 thousand has been reclassified from other adjustments line. Accounting policy change 2: Purchase of investments and other assets for the total amount of  EUR 3,625 thousand has been transferred from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in derivative financial instruments (net). Purchase of intangible assets of EUR 10,432 thousand was reclassified from purchase of tangible assets to separate line item. Accounting policy change 3: Finance cost, net has been split between net interest income and unrealised items included in fair value and fair values and foreign exchange gain or loss in the statement of profit or loss totaling EUR 194,170 thousand (EUR 198,224 thousand of interest expense and EUR 3,848 thousand of fair value and fair values and foreign exchange gain or loss) and interest received totaling EUR 208,064 thousand. Accounting policy change 4: Movement in gross portfolio in amount of EUR 138,346 thousand has been shifted to change in operating assets, and proceeds from long-term (EUR 47,672 thousand) and short-term borrowings (EUR 39,400 thousand) have been merged. Movement in gross portfolio has been renamed to increase (-) / decrease (+) in loans to customers. Deposits from customers line item (EUR 17,828 thousand) has been moved from financing activities to operating activities and renamed to increase (+) / decrease (-) in deposits from customers. Correction of error 1: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers and hence deducted from increase/decrease in loans to customers. Correction of error 2: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. EUR 252 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 29 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. Consolidated statement of cash flows for 2022 EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change tion of tion of change (Restated) ed) 1 2 3 4 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM PERATING PERATING ACTIVITIES ACTIVITIES Profit for the Profit for the 11,995 - - - - - (222) (222) 11,772 year period Adjustments Adjustments for: for: Depreciation Depreciation and and 18,144 (622) - - - - - (622) 17,522 amortisation amortisation Net interest income and Finance costs, Fair values 15,286 - - (15,286) - - - (15,286) - net and foreign exchange gain or loss Tax on income Income tax from operations expense 1,846 - - - - - (29) (29) 1,817 Other Other (172) 622 - - - - - 622 450 adjustments adjustments Impairments Impairment on loans loss on loans 78,660 - - - - 5,734 251 5,986 84,646 to customers Finance costs, Net interest net, Interest income - - - (198,224) - - - (198,224) (198,224) received Fair value and Finance costs, foreign net, Interest exchange - - - 3,848 - - - 3,848 3,848 received gains and losses Working Changes in capital operating changes: assets: Increase (-) / Increase (-) / decrease (+) decrease (+) 1,078 - - - - - - - 1,078 in current in other receivables assets Increase (+) / Increase (+) / decrease (-) in decrease (-) trade in other (453) - - - - - - - (453) payables and other liabilities liabilities Movements in Increase (-) / gross decrease (+) - - - - (138,346) (5,734) - (144,080) (144,080) portfolio in loans to customers Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Reported) change 1 change change change tion of tion of change (Restated) 2 3 4 error 1 error 2 Purchase of Increase (-) / non-current decrease (+) - (20,800) - - - - - (20,800) (20,800) financial in debt assets investments Increase (-) / Purchase of decrease (+) investments in derivative - - (3,625) - - - - (3,625) (3,625) and other financial assets instruments (net) Increase (+) / Deposits from decrease (-) in - - - - 17,828 - - 17,828 17,828 customers deposits from customers Interest paid Interest paid (11,251) - - - - - - - (11,251) Interest Interest 699 - - 208,064 - - - 208,064 208,763 received received Income taxes Income taxes (3,637) - - - - - - - (3,637) paid paid Movements in Increase (-) / gross decrease (+) (138,346) - - - - - 138,346 - portfolio in loans to 138,346 customers Net cash flows Net cash used in flows used in (26,151) (20,800) (3,625) (1,598) 17, 828 - - (8,195) (34,346) operating operating activities activities CASH FLOWS CASH FLOWS FROM FROM INVESTING INVESTING ACTIVITIES ACTIVITIES Purchase of Purchase of tangible and tangible (10,903) - 10,432 - - - - 10,432 (471) intangible assets assets Purchase of Purchase of tangible and intangible - - (10,432) - - - - (10,432) (10,433) intangible assets assets Increase (-) / Purchase of decrease (+) investments in derivative (3,625) - 3,625 - - - - 3,625 - and other financial assets instruments (net) Purchase of Increase (-) / non-current decrease (+) (20,800) 20,800 - - - - - 20,800 - financial in debt assets investments Net cash flows Net cash used in flows used in (35,328) 20,800 3,625 - - - - 24,425 (10,903) investing investing activities activities Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change 4 tion of tion of change (Restated) ed) 1 2 3 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM FINANCING FINANCING ACTIVITIES ACTIVITIES Repayment of Repayment of short-term debt securities (182,150) - - - - - - - (182,150) borrowings Perpetual Payment of bonds perpetual (3,670) - - - - - - - (3,670) interests and issuance costs bonds interest Repayment of Repayment of finance lease lease liabilities (1,939) - - - - - - - (1,939) liabilities Proceeds from Proceeds from long-term debt securities 47,672 - - - 39,400 - - 39,400 87,072 borrowings Proceeds from Proceeds from short-term debt securities 39,400 - - - (39,400) - - (39,400) - borrowings Increase (+) / Deposits from decrease (-) in 17, 828 - - - (17,828) - - (17,828) - customers deposits from customers Net cash flows Net cash flows from (used in) from (used in) (82,859) - - - (17,828) - - (17,828) (100,687) financing financing activities activities Cash and cash Cash and cash equivalents, as equivalents, as 301,592 - - - - - - - 301,592 at 1 January at 1 January Exchange Exchange gains (losses) gains (losses) on cash and on cash and (3,930) - - 1,599 - - - 1,599 (2,331) cash cash equivalents equivalents Net increase in Net increase in cash and cash cash and cash (144,338) - - (1,599) - - - (1,599) (145,937) equivalents equivalents Cash and cash Cash and cash equivalents, as equivalents, as 153,325 - - - - - - - 153,325 at 31 at 31 December December",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfReasonWhyFinancialStatementsAreNotEntirelyComparable",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "26. Change in accounting policies and correction of errors During the financial period, the Group has made changes in its accounting policies regarding the presentation of financial statements. As a result of this change, prior period classification errors were noted and corrected as explained below. The reasons and impact of change in accounting policies and correction of prior period errors in financial statements are described below. a) Change in accounting policy - Adoption of new presentation: In 2023, the Group has undertaken a strategic initiative to enhance the presentation of its financial results, with the aim of providing reliable and more relevant information about the Group\u2019s finan- cial position and performance, aligning the presentation of primary statements with the common practice within the financial industry. As a result, the Group, starting with the financial year ended 31 December 2023: \u2022  changed the presentation of the statement of financial position from current / non-current clas- sification to presentation based on the order of liquidity; \u2022  has restructured the statement of profit or loss to present the net interest income, net fair value and foreign exchange gains and losses and other items; \u2022  made corresponding changes in the presentation of the statement of cash flows, to align the presentation with the financial industry and to include the cash flows of operating financial assets and financial liabilities in the cash flows from operating activities in line with IAS 7. The retrospective impact of the change in the presentation and the resulting reclassification of certain financial statement line items is shown in the tables below. b) Correction of prior period errors: The following corrections have been made: 1.  Inclusion of collection costs in the calculation of expected credit losses   Previously, the Group recognised collection costs as incurred and presented them in general and administrative expense. Debt collection costs are considered incremental and directly at- tributable to the recovery of cash flows of the granted loans in the event of a default, and as such, they should rather be incorporated into the estimate of the expected credit losses. After the correction, debt collection costs are included in the calculation of expected credit losses by incorporating them in the net expected cash flows of loans to customers to which the collection costs directly relate to.  2. Classification of reminder fees as interest income     The Group has revised its treatment of reminder fees. Historically these fees have been classified as fee and commission income in the statement of profit or loss and accounted for under IFRS 15. Reminder fees are a standard feature of loans to customers and they are collected from the inception of the loan contract over the lifetime of loan similarly to interest. From the financial year ended 31 December 2023 onwards, the Group accounts for these fees in line with IFRS 9, and factors the reminder fees in the calculation of interest income by applying the effective in- terest method. 3. Scoring costs  Scoring costs consist of credit information, credit rating and similar checks conducted when a client applies for a loan or product and reaches a certain stage in this process. Historically, scoring costs have been recognised as incurred and presented in general and administrative expense. However, whenever such scoring costs relate to a loan which is granted to the client, the costs should be treated as a directly attributable transaction cost to such loan, and should be included in the loan balance at inception and in the calculation of the effective interest rate of that loan, thus decreasing the interest income. This restatement only applies to scoring costs related to loans issued.   These changes, together with any potential impact in recognised deferred taxes, have been ap- plied consistently, by adjusting the comparative period and the opening balances for the earliest period presented for each affected financial statement line item. List of restatements in the consolidated statement of financial position on 1 January 2022: Accounting policy change 1: Merged EUR 13,344 thousand of receivables from sold portfolios and receivables from banks previously categorised under non-current financial assets with current oth- er financial assets into other financial assets financial statement line item. Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Accounting policy change 4: Merged EUR 84,158 thousand previously categorised under short- term borrowings with long-term borrowings to be included under the debt securities financial statement line item. Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,136 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 365 thou- sand of deferred tax asset was recognised on the amount of ECL provision recorded in retained earnings . Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 List of restatements in the consolidated statement of financial position on 31 December 2022: Accounting policy change 1: Reclassified EUR 1,311 thousand previously categorised under prepaid expenses and other assets to align with other financial assets financial statement line item . Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 List of restatements in the consolidated statement of profit or loss for 2022 Changes in the income side of the consolidated statement of profit or loss: Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Changes in the expense side of the consolidated statement of profit or loss: Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Renaming of financial statement line items for alignment with the financial industry: Interest revenue has been renamed to interest income. Service fee revenue has been renamed to fee and commission income. Finance cost has been renamed to interest expense and reclassified to net interest income. Bank and lending costs have been merged with general and administrative expense . Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR List of restatements in the consolidated statement of cash flows on 31 December 2022 The following changes have been implemented: Accounting policy change 1: Purchase of non-current assets for the total amount of EUR 20,800 thousand has been relocated from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in debt investments. Impairment on non-financial assets for the total amount of EUR 622 thousand has been reclassified from other adjustments line. Accounting policy change 2: Purchase of investments and other assets for the total amount of  EUR 3,625 thousand has been transferred from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in derivative financial instruments (net). Purchase of intangible assets of EUR 10,432 thousand was reclassified from purchase of tangible assets to separate line item. Accounting policy change 3: Finance cost, net has been split between net interest income and unrealised items included in fair value and fair values and foreign exchange gain or loss in the statement of profit or loss totaling EUR 194,170 thousand (EUR 198,224 thousand of interest expense and EUR 3,848 thousand of fair value and fair values and foreign exchange gain or loss) and interest received totaling EUR 208,064 thousand. Accounting policy change 4: Movement in gross portfolio in amount of EUR 138,346 thousand has been shifted to change in operating assets, and proceeds from long-term (EUR 47,672 thousand) and short-term borrowings (EUR 39,400 thousand) have been merged. Movement in gross portfolio has been renamed to increase (-) / decrease (+) in loans to customers. Deposits from customers line item (EUR 17,828 thousand) has been moved from financing activities to operating activities and renamed to increase (+) / decrease (-) in deposits from customers. Correction of error 1: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers and hence deducted from increase/decrease in loans to customers. Correction of error 2: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. EUR 252 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 29 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. Consolidated statement of cash flows for 2022 EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change tion of tion of change (Restated) ed) 1 2 3 4 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM PERATING PERATING ACTIVITIES ACTIVITIES Profit for the Profit for the 11,995 - - - - - (222) (222) 11,772 year period Adjustments Adjustments for: for: Depreciation Depreciation and and 18,144 (622) - - - - - (622) 17,522 amortisation amortisation Net interest income and Finance costs, Fair values 15,286 - - (15,286) - - - (15,286) - net and foreign exchange gain or loss Tax on income Income tax from operations expense 1,846 - - - - - (29) (29) 1,817 Other Other (172) 622 - - - - - 622 450 adjustments adjustments Impairments Impairment on loans loss on loans 78,660 - - - - 5,734 251 5,986 84,646 to customers Finance costs, Net interest net, Interest income - - - (198,224) - - - (198,224) (198,224) received Fair value and Finance costs, foreign net, Interest exchange - - - 3,848 - - - 3,848 3,848 received gains and losses Working Changes in capital operating changes: assets: Increase (-) / Increase (-) / decrease (+) decrease (+) 1,078 - - - - - - - 1,078 in current in other receivables assets Increase (+) / Increase (+) / decrease (-) in decrease (-) trade in other (453) - - - - - - - (453) payables and other liabilities liabilities Movements in Increase (-) / gross decrease (+) - - - - (138,346) (5,734) - (144,080) (144,080) portfolio in loans to customers Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Reported) change 1 change change change tion of tion of change (Restated) 2 3 4 error 1 error 2 Purchase of Increase (-) / non-current decrease (+) - (20,800) - - - - - (20,800) (20,800) financial in debt assets investments Increase (-) / Purchase of decrease (+) investments in derivative - - (3,625) - - - - (3,625) (3,625) and other financial assets instruments (net) Increase (+) / Deposits from decrease (-) in - - - - 17,828 - - 17,828 17,828 customers deposits from customers Interest paid Interest paid (11,251) - - - - - - - (11,251) Interest Interest 699 - - 208,064 - - - 208,064 208,763 received received Income taxes Income taxes (3,637) - - - - - - - (3,637) paid paid Movements in Increase (-) / gross decrease (+) (138,346) - - - - - 138,346 - portfolio in loans to 138,346 customers Net cash flows Net cash used in flows used in (26,151) (20,800) (3,625) (1,598) 17, 828 - - (8,195) (34,346) operating operating activities activities CASH FLOWS CASH FLOWS FROM FROM INVESTING INVESTING ACTIVITIES ACTIVITIES Purchase of Purchase of tangible and tangible (10,903) - 10,432 - - - - 10,432 (471) intangible assets assets Purchase of Purchase of tangible and intangible - - (10,432) - - - - (10,432) (10,433) intangible assets assets Increase (-) / Purchase of decrease (+) investments in derivative (3,625) - 3,625 - - - - 3,625 - and other financial assets instruments (net) Purchase of Increase (-) / non-current decrease (+) (20,800) 20,800 - - - - - 20,800 - financial in debt assets investments Net cash flows Net cash used in flows used in (35,328) 20,800 3,625 - - - - 24,425 (10,903) investing investing activities activities Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change 4 tion of tion of change (Restated) ed) 1 2 3 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM FINANCING FINANCING ACTIVITIES ACTIVITIES Repayment of Repayment of short-term debt securities (182,150) - - - - - - - (182,150) borrowings Perpetual Payment of bonds perpetual (3,670) - - - - - - - (3,670) interests and issuance costs bonds interest Repayment of Repayment of finance lease lease liabilities (1,939) - - - - - - - (1,939) liabilities Proceeds from Proceeds from long-term debt securities 47,672 - - - 39,400 - - 39,400 87,072 borrowings Proceeds from Proceeds from short-term debt securities 39,400 - - - (39,400) - - (39,400) - borrowings Increase (+) / Deposits from decrease (-) in 17, 828 - - - (17,828) - - (17,828) - customers deposits from customers Net cash flows Net cash flows from (used in) from (used in) (82,859) - - - (17,828) - - (17,828) (100,687) financing financing activities activities Cash and cash Cash and cash equivalents, as equivalents, as 301,592 - - - - - - - 301,592 at 1 January at 1 January Exchange Exchange gains (losses) gains (losses) on cash and on cash and (3,930) - - 1,599 - - - 1,599 (2,331) cash cash equivalents equivalents Net increase in Net increase in cash and cash cash and cash (144,338) - - (1,599) - - - (1,599) (145,937) equivalents equivalents Cash and cash Cash and cash equivalents, as equivalents, as 153,325 - - - - - - - 153,325 at 31 at 31 December December",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "26. Change in accounting policies and correction of errors During the financial period, the Group has made changes in its accounting policies regarding the presentation of financial statements. As a result of this change, prior period classification errors were noted and corrected as explained below. The reasons and impact of change in accounting policies and correction of prior period errors in financial statements are described below. a) Change in accounting policy - Adoption of new presentation: In 2023, the Group has undertaken a strategic initiative to enhance the presentation of its financial results, with the aim of providing reliable and more relevant information about the Group\u2019s finan- cial position and performance, aligning the presentation of primary statements with the common practice within the financial industry. As a result, the Group, starting with the financial year ended 31 December 2023: \u2022  changed the presentation of the statement of financial position from current / non-current clas- sification to presentation based on the order of liquidity; \u2022  has restructured the statement of profit or loss to present the net interest income, net fair value and foreign exchange gains and losses and other items; \u2022  made corresponding changes in the presentation of the statement of cash flows, to align the presentation with the financial industry and to include the cash flows of operating financial assets and financial liabilities in the cash flows from operating activities in line with IAS 7. The retrospective impact of the change in the presentation and the resulting reclassification of certain financial statement line items is shown in the tables below. b) Correction of prior period errors: The following corrections have been made: 1.  Inclusion of collection costs in the calculation of expected credit losses   Previously, the Group recognised collection costs as incurred and presented them in general and administrative expense. Debt collection costs are considered incremental and directly at- tributable to the recovery of cash flows of the granted loans in the event of a default, and as such, they should rather be incorporated into the estimate of the expected credit losses. After the correction, debt collection costs are included in the calculation of expected credit losses by incorporating them in the net expected cash flows of loans to customers to which the collection costs directly relate to.  2. Classification of reminder fees as interest income     The Group has revised its treatment of reminder fees. Historically these fees have been classified as fee and commission income in the statement of profit or loss and accounted for under IFRS 15. Reminder fees are a standard feature of loans to customers and they are collected from the inception of the loan contract over the lifetime of loan similarly to interest. From the financial year ended 31 December 2023 onwards, the Group accounts for these fees in line with IFRS 9, and factors the reminder fees in the calculation of interest income by applying the effective in- terest method. 3. Scoring costs  Scoring costs consist of credit information, credit rating and similar checks conducted when a client applies for a loan or product and reaches a certain stage in this process. Historically, scoring costs have been recognised as incurred and presented in general and administrative expense. However, whenever such scoring costs relate to a loan which is granted to the client, the costs should be treated as a directly attributable transaction cost to such loan, and should be included in the loan balance at inception and in the calculation of the effective interest rate of that loan, thus decreasing the interest income. This restatement only applies to scoring costs related to loans issued.   These changes, together with any potential impact in recognised deferred taxes, have been ap- plied consistently, by adjusting the comparative period and the opening balances for the earliest period presented for each affected financial statement line item. List of restatements in the consolidated statement of financial position on 1 January 2022: Accounting policy change 1: Merged EUR 13,344 thousand of receivables from sold portfolios and receivables from banks previously categorised under non-current financial assets with current oth- er financial assets into other financial assets financial statement line item. Accounting policy change 2: Reclassified EUR 1,246 thousand previously categorised under pro- visions, accruals, and other liabilities as interest payable to be included under the deposits from customers financial statement line item . Accounting policy change 3: Merged trade payables totalling EUR 1,426 thousand with accruals and other current liabilities totalling EUR 15,160 thousand into the provision, accruals, and other liabilities financial statement line item . Accounting policy change 4: Merged EUR 84,158 thousand previously categorised under short- term borrowings with long-term borrowings to be included under the debt securities financial statement line item. Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,136 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 365 thou- sand of deferred tax asset was recognised on the amount of ECL provision recorded in retained earnings .  Consolidated statement of financial position on 1 January 2022 EUR \u2019000 1 January Policy Policy Policy Policy Correction Total 1 January Old FSLI New FSLI 2022 change 1 change 2 change 3 change 4 of error change 2022 (Reported) (Restated) Loans to Loans to 451,698 - - - - (2,136) (2,136) 449,562 customers customers Other non- Other current  financial 6,215 13,344 - - - - 13,344 19,559 financial assets assets Other current Other financial assets financial 13,344 (13,344) - - - - (13,344) - assets Prepaid Prepaid expenses and expenses 1,324 - - - - - - 1,324 other current and other assets assets Deferred tax Deferred tax 6,981 - - - - 365 365 7, 346 assets assets Total assets Total assets 824,550 - - - - (1,771) (1,771) 822,779 Deposits from Deposits customers from 484,764 - 1,246 - - - 1,246 486,010 customers Provisions, Trade payables accruals and 1,426 - (1,246) 15,160 - - 13,914 15,340 other liabilities Accruals and Provisions, other current accruals and 15,160 - - (15,160) - -  -   liabilities other (15,160) liabilities Long-term Debt 57,656 - - - 84,158 - 84,158 141,814 borrowings securities Sort-term Debt 84,158 - - - (84,158) - (84,158) - borrowings securities Total liabilities Total 649,748 - - - - - - 649,748 liabilities Retained Retained 70,466 - - - - (1,771) (1,771) 68,695 earnings earnings Total equity Total equity 174,802 - - - - (1,771) (1,771) 173,031 List of restatements in the consolidated statement of financial position on 31 December 2022: Accounting policy change 1: Reclassified EUR 1,311 thousand previously categorised under prepaid expenses and other assets to align with other financial assets financial statement line item . Accounting policy change 2: Reclassified EUR 1,664 of thousand interest payable previously  categorised under provisions, accruals, and other liabilities to be included under the deposit from customers financial statement line item. Additionally, EUR 21,107 thousand of secured bonds were reclassified from other financial assets to debt investments . Accounting policy change 3: Merged trade payables totalling EUR 6,314 thousand and accruals and other current liabilities totalling EUR 11,530 thousand into the provision, accruals, and other liabilities financial statement line item. Accounting policy change 4: Reclassified EUR 625 thousand of interest payable previously cat- egorised under provisions, accruals, and other liabilities to be included under the debt securities financial statement line item as they relate to issued bonds . Correction of error: An adjustment has been made regarding the change in accounting treatment of collection costs under the loans to customers, resulting in corresponding deferred tax implica- tions on the change in the amount of ECL. EUR 2,389 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. This adjustment includes EUR 2,136 thousand of ECL provision from opening balance on 1 January 2022.  Additionally, EUR 395 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. This adjustment includes EUR 365 thousand of opening balance on 1 January 2022 . Consolidated statement of financial position on 31 December 2022 31 Policy Policy Policy Policy Correc- 31 EUR \u2019000 December change change change change tion of Total December Old FSLI New FSLI 2022 1 2 3 4 error change 2022 (Reported) (Restated) Loans to Loans to 509,463 - - - - (2,389) (2,389) 507,075 customers customers Other non-current financial Debt asset, other current investments - - 21,107 - - - 21,107 21,107 financial assets Other non-current financial Other asset, other financial 39,209 1,311 (21,107) - - - (19,796) 19,413 current assets financial assets Prepaid Prepaid expenses expenses and other and other 1,548 (1,311) - - - - (1,311) 237 current assets assets Deferred tax Deferred tax 7,179 - - - - 395 395 7, 574 assets assets Total assets Total assets 755,229 - - - - (1,994) (1,994) 753,235 Deposits Deposits from from 501,734 - 1,644 - - - 1,644 503,378 customers customers Provisions, Trade accruals and 6,314 - - (6,314) - - (6,314) - payables other liabilities Accruals and Provisions, other current accruals and 11,530 - - (11,530) - - (11,530) - liabilities other liabilities Trade payables, Provisions, Accruals and accruals and other current other - - (1,644) 17,844 (625) - 15,576 15,576 liabilities and Long-term liabilities borrowings Long-term Debt 46,791 - - - 625 - 625 47,416 borrowings securities Total Total 573,269 - - - - - - 573,269 liabilities liabilities Retained Retained 77,679 - - - - (1,994) (1,994) 75,685 earnings earnings Total equity Total equity 181,960 - - - - (1,994) (1,994) 179,966 List of restatements in the consolidated statement of profit or loss for 2022 Changes in the income side of the consolidated statement of profit or loss: Accounting policy change 1: Finance income in relation to interest from loans to related parties and deposits with other banks of EUR 460 thousand has been merged with interest income financial statement line item. Accounting policy change 2: New customer and application fee totalling EUR 9 thousand have been reclassified from the fee and commission income to interest income financial statement line item. Correction of error 1: Reminder fee of EUR 3,295 thousand has been reclassified from fee and commission income to interest income financial statement line item . Changes in the expense side of the consolidated statement of profit or loss: Accounting policy change 1: A new financial statement line item titled fair value and foreign exchange gains and losses has been created, and finance cost of EUR 3,848 thousand related expenses included in interest expense have been reclassified there. Gain from disposal of non- current assets of EUR 33 thousand has been reclassified from other expense to the other income financial statement line item . Accounting policy change 2: Depositor compensation scheme contributions of EUR 356 thousand have been reclassified from interest expense to general and administrative expense, and total banking and lending costs of EUR 13,589 thousand have been reclassified to the general and administrative expense and selling and marketing expense financial statement line items . Correction of error 2: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers financial statement line item. Correction of error 3: Scoring costs of EUR 320 thousand have been reclassified from the general and administrative expense to interest income as part of effective interest income. Correction of error 4: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. Impact for 2022 includes increase in impairment loss on loans to customers by EUR 252 thousand and a positive change in deferred tax asset by EUR 30 thousand. Renaming of financial statement line items for alignment with the financial industry: Interest revenue has been renamed to interest income. Service fee revenue has been renamed to fee and commission income. Finance cost has been renamed to interest expense and reclassified to net interest income. Bank and lending costs have been merged with general and administrative expense Consolidated statement of profit or loss on 31 December 2022 EUR \u2019000 2022 Policy Policy Correc- Correc- Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change tion of tion of tion of tion of change (Restated) ed) 1 2 error 1 error 2 error 3 error 4 Interest Interest 209,030 460 9 3,295 - (320) - 3,444 212,474 revenue income Finance Interest 460 (460) - - - - - (460) - income income Other income Other income 37 33 - - - - - 33 70 Service fee Fee and revenue commission 3,336 - (9) (3,295) - - - (3,304) 32 income Finance costs Interest (18,230) 3,848 356 - - - - 4,204 (14,026) expense Fair value and foreign Finance costs exchange - (3,848) - - - - - (3,848) (3,848) gains and losses Impairment Impairment loss on loans loss on loans (78,660) - - - (5,734) - (252) (5,986) (84,646) to customers to customers Personnel Personnel (33,956) - - - - - - - (33,956) expense expense Selling and Selling and marketing marketing (12,205) - (170) - - - - (170) (12,375) expense expense General and General and administrative dministrative (24,408) - (13,589) - 5,734 320 - (7,535) (31,943) expense expense Bank and General and lending costs dministrative (13,405) - 13,405 - - - - 13,405 - expense Depreciation Depreciation and and (17,522) - - - - - - - (17,522) amortisation amortisation Other Other (636) (33) - - - - - (33) (669) expense expense Profit before Profit before 13,841 - - - - - - - 13,590 income taxes income taxes Income tax Income tax (1,846) - - - - - 30 30 (1,817) expense expense Profit for the Profit for the 11,995 - - - - - (222) (222) 11,773 year year Earnings per Earnings per share: share: Weighted Weighted average average number of number of 21,578 - - - - - - - 21,578 ordinary ordinary shares in shares in issue issue Total earnings Basic per share, earnings per 0.38 - - - - - - - 0.38 EUR share, EUR List of restatements in the consolidated statement of cash flows on 31 December 2022 The following changes have been implemented: Accounting policy change 1: Purchase of non-current assets for the total amount of EUR 20,800 thousand has been relocated from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in debt investments. Impairment on non-financial assets for the total amount of EUR 622 thousand has been reclassified from other adjustments line. Accounting policy change 2: Purchase of investments and other assets for the total amount of  EUR 3,625 thousand has been transferred from investing activities to operating activities. The item was renamed to increase (-) / decrease (+) in derivative financial instruments (net). Purchase of intangible assets of EUR 10,432 thousand was reclassified from purchase of tangible assets to separate line item. Accounting policy change 3: Finance cost, net has been split between net interest income and unrealised items included in fair value and fair values and foreign exchange gain or loss in the statement of profit or loss totaling EUR 194,170 thousand (EUR 198,224 thousand of interest expense and EUR 3,848 thousand of fair value and fair values and foreign exchange gain or loss) and interest received totaling EUR 208,064 thousand. Accounting policy change 4: Movement in gross portfolio in amount of EUR 138,346 thousand has been shifted to change in operating assets, and proceeds from long-term (EUR 47,672 thousand) and short-term borrowings (EUR 39,400 thousand) have been merged. Movement in gross portfolio has been renamed to increase (-) / decrease (+) in loans to customers. Deposits from customers line item (EUR 17,828 thousand) has been moved from financing activities to operating activities and renamed to increase (+) / decrease (-) in deposits from customers. Correction of error 1: Invoicing and collection cost of EUR 5,734 thousand has been reclassified from the general and administrative expense to impairment loss on loans to customers and hence deducted from increase/decrease in loans to customers. Correction of error 2: An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of ECL. EUR 252 thousand of additional ECL provision was recognised with subsequent decrease in loans to customers balance. Additionally, EUR 29 thousand of deferred tax asset was recognised on the amount of ECL provision recognised in retained earnings. Consolidated statement of cash flows for 2022 EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change tion of tion of change (Restated) ed) 1 2 3 4 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM PERATING PERATING ACTIVITIES ACTIVITIES Profit for the Profit for the 11,995 - - - - - (222) (222) 11,772 year period Adjustments Adjustments for: for: Depreciation Depreciation and and 18,144 (622) - - - - - (622) 17,522 amortisation amortisation Net interest income and Finance costs, Fair values 15,286 - - (15,286) - - - (15,286) - net and foreign exchange gain or loss Tax on income Income tax from operations expense 1,846 - - - - - (29) (29) 1,817 Other Other (172) 622 - - - - - 622 450 adjustments adjustments Impairments Impairment on loans loss on loans 78,660 - - - - 5,734 251 5,986 84,646 to customers Finance costs, Net interest net, Interest income - - - (198,224) - - - (198,224) (198,224) received Fair value and Finance costs, foreign net, Interest exchange - - - 3,848 - - - 3,848 3,848 received gains and losses Working Changes in capital operating changes: assets: Increase (-) / Increase (-) / decrease (+) decrease (+) 1,078 - - - - - - - 1,078 in current in other receivables assets Increase (+) / Increase (+) / decrease (-) in decrease (-) trade in other (453) - - - - - - - (453) payables and other liabilities liabilities Movements in Increase (-) / gross decrease (+) - - - - (138,346) (5,734) - (144,080) (144,080) portfolio in loans to customers Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Reported) change 1 change change change tion of tion of change (Restated) 2 3 4 error 1 error 2 Purchase of Increase (-) / non-current decrease (+) - (20,800) - - - - - (20,800) (20,800) financial in debt assets investments Increase (-) / Purchase of decrease (+) investments in derivative - - (3,625) - - - - (3,625) (3,625) and other financial assets instruments (net) Increase (+) / Deposits from decrease (-) in - - - - 17,828 - - 17,828 17,828 customers deposits from customers Interest paid Interest paid (11,251) - - - - - - - (11,251) Interest Interest 699 - - 208,064 - - - 208,064 208,763 received received Income taxes Income taxes (3,637) - - - - - - - (3,637) paid paid Movements in Increase (-) / gross decrease (+) (138,346) - - - - - 138,346 - portfolio in loans to 138,346 customers Net cash flows Net cash used in flows used in (26,151) (20,800) (3,625) (1,598) 17, 828 - - (8,195) (34,346) operating operating activities activities CASH FLOWS CASH FLOWS FROM FROM INVESTING INVESTING ACTIVITIES ACTIVITIES Purchase of Purchase of tangible and tangible (10,903) - 10,432 - - - - 10,432 (471) intangible assets assets Purchase of Purchase of tangible and intangible - - (10,432) - - - - (10,432) (10,433) intangible assets assets Increase (-) / Purchase of decrease (+) investments in derivative (3,625) - 3,625 - - - - 3,625 - and other financial assets instruments (net) Purchase of Increase (-) / non-current decrease (+) (20,800) 20,800 - - - - - 20,800 - financial in debt assets investments Net cash flows Net cash used in flows used in (35,328) 20,800 3,625 - - - - 24,425 (10,903) investing investing activities activities Consolidated statement of cash flows for 2022 (continuation) EUR \u2019000 2022 Policy Policy Policy Policy Correc- Correc- Total 2022 Old FSLI New FSLI (Report- change change change change 4 tion of tion of change (Restated) ed) 1 2 3 error 1 error 2 CASH FLOWS CASH FLOWS FROM FROM FINANCING FINANCING ACTIVITIES ACTIVITIES Repayment of Repayment of short-term debt securities (182,150) - - - - - - - (182,150) borrowings Perpetual Payment of bonds perpetual (3,670) - - - - - - - (3,670) interests and issuance costs bonds interest Repayment of Repayment of finance lease lease liabilities (1,939) - - - - - - - (1,939) liabilities Proceeds from Proceeds from long-term debt securities 47,672 - - - 39,400 - - 39,400 87,072 borrowings Proceeds from Proceeds from short-term debt securities 39,400 - - - (39,400) - - (39,400) - borrowings Increase (+) / Deposits from decrease (-) in 17, 828 - - - (17,828) - - (17,828) - customers deposits from customers Net cash flows Net cash flows from (used in) from (used in) (82,859) - - - (17,828) - - (17,828) (100,687) financing financing activities activities Cash and cash Cash and cash equivalents, as equivalents, as 301,592 - - - - - - - 301,592 at 1 January at 1 January Exchange Exchange gains (losses) gains (losses) on cash and on cash and (3,930) - - 1,599 - - - 1,599 (2,331) cash cash equivalents equivalents Net increase in Net increase in cash and cash cash and cash (144,338) - - (1,599) - - - (1,599) (145,937) equivalents equivalents Cash and cash Cash and cash equivalents, as equivalents, as 153,325 - - - - - - - 153,325 at 31 at 31 December December",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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  "fact-528": {
   "value": "27. Subsequent events Relocation of parent company Multitude SE, announced on 5 January 2024 that it contemplates a relocation from Finland to Switzerland while maintaining its legal personality and without dissolution. On 17 January 2024, Multitude SE announced that as a first phase of the plan to relocate to Switzerland, the Board of Directors of Multitude SE proposed a transfer of the registered office of Multitude SE from Finland to Malta. The completion of this relocation is subject to the approval of the Annual General Meeting of Mul- titude SE. The transfer of the registered office from Finland to Malta would be followed by a con- version of Multitude SE into a public limited liability company governed by the laws of Malta and then an application to have the parent company registered in Switzerland pursuant to applicable Maltese and Swiss laws by the end of the year 2024. On 21 March Multitude shareholders held an Extraordinary General Meeting and approved proposal for the transfer of the registered office of Multitude SE from Finland to Malta in accordance with the Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European Company (SE). In anticipation and in pursuance of the transfer of the registered office, the Extraordinary Gener- al Meeting resolved to amend the parent company\u2019s current Articles of Association to introduce a nominal value for Multitude\u2019s shares by adding a new Article 10 in the Articles of Association which reads as follows: The nominal value of the shares is EUR 1.85. Extraordinary General Meeting resolved to increase the parent company\u2019s share capital by EUR 55,766 from EUR 40,133,560 to EUR 40,189,326. The increase will be carried out by transferring the necessary amount from the invested unrestricted equity reserve to the share capital. Extraordinary General Meeting resolved to appoint Ganado Services Limited (Registration Num- ber: C10785) having its registered office at 171, Old Bakery Street, Valletta VLT1455, Malta as the company secretary of the parent company, with effect from the date of registration of the parent company with the Malta Business Registry. Upon the registration of the parent company with the Malta Business Registry, PricewaterhouseC- oopers (Registration Number: AB/26/84/38), with their registered office situated at 78, Mill Street, Qormi, Malta will be appointed as the auditors of parent company until the close of the Annual General Meeting to be held in year 2024, and that the Group\u2019s Audit Committee be authorised to fix their remuneration and sign any engagement letter as may be required for the purposes of finalising the engagement thereof. Ratings update On 15 February 2024, Fitch Ratings revised Multitude SE's and Multitude Bank p.l.c.'s outlooks to positive from stable, while affirming their Long-Term Issuer Default Ratings (IDRs) at 'B+'. Multi- tude's senior unsecured notes were affirmed at 'B+' with a Recovery Rating of 'RR4' and its subor- dinated hybrid perpetual capital notes (perpetual bonds) at 'B-' with 'RR6'. Acquisition of Omniveta CapitalBox acquires the business of Capenhagen-based Omniveta Finance in an asset-transac- tion at the beginning of March 2024. Omniveta specialises in invoice purchasing, which provides CapitalBox with a complimenting finance solution. This acquisition will add invoice purchasing to CapitalBox offering for SMEs in Denmark and an opportunity to extend such offering to the other markets that CapitalBox is active in. New business unit In November 2023, Multitude announced the plan to optimise the structure of its reportable seg- ments and create a new business unit by rebranding the part of the SweepBank business. The new business unit will be called Wholesale banking and be led by the CEO of Multitude Bank, Antti Kumpulainen. It will be operational starting 1 January 2024 and be offering Secured Debt products reported currently under SweepBank unit as debt investments financial statement line item in the consolidated statements for 2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:74370078YLPFWHE33716",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
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 }
}