Page 247 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 245

7. FINANCING OF CUSTOMERS (CONT’D.)

(viii) Movements in the gross carrying amount of financing of customers (cont’d.)
Stage 1 Stage 2 Stage 3 Total
Bank RM’000 RM’000 RM’000 RM’000

2024
At 1 January 2024 27,481,513 804,196 266,229 28,551,938
Total transfer within stages:
Transfer to Stage 1 293,689 (267,381) (26,308) -
Transfer to Stage 2 (945,572) 982,633 (37,061) -
Transfer to Stage 3 (254,131) (85,273) 339,404 -
New financial assets originated 11,577,525 - - 11,577,525
Financial assets derecognised (7,187,076) (152,625) (39,730) (7,379,431)
Amount written-off - - (161,355) (161,355)
At 31 December 2024 30,965,948 1,281,550 341,179 32,588,677

Stage 1 Stage 2 Stage 3 Total
RM’000 RM’000 RM’000 RM’000

2023
At 1 January 2023 23,524,680 517,179 205,957 24,247,816
Total transfer within stages:
Transfer to Stage 1 187,666 (172,213) (15,453) -
Transfer to Stage 2 (648,971) 658,537 (9,566) -
Transfer to Stage 3 (170,976) (63,338) 234,314 -
New financial assets originated 11,383,186 - 3,924 11,387,110
Financial assets derecognised (6,794,072) (135,969) (50,920) (6,980,961)
Amount written-off - - (102,027) (102,027)
At 31 December 2023 27,481,513 804,196 266,229 28,551,938