16(b) LOANS AND ADVANCES TO CUSTOMERS
The table below shows the credit quality and the maximum exposure to credit risk based on the Bank’s internal credit rating system and year-end stage
classification. The amounts presented are gross of impairment allowances.
INTERNAL RATING GRADE
An analysis of changes in the gross carrying amount and the corresponding ECLs is, as follows:
GROSS CARRYING AMOUNT
ALLOWANCE FOR IMPAIRMENT LOSSES
Allowance for impairment losses include both capital and interest on non-performing loans. Interest provision amounts to MUR 324m at 30 June 2021 (2020: MUR 250m, 2019: MUR 296m) on non-performing loans which are in arrears for more than 90 days (included in stage 3).
The interest suspensed for the year ended 30 June 2021 amounts to MUR 97.3m (2020: MUR 67.7m and 2019: MUR 54.7m). Revaluation adjustments on ECL of MUR 83.7m (2020: MUR 78.5m) have been accounted under ‘ Gain on foreign exchange’.