|
|
| Non-performing loans |
| |
| Non-performing advances – June 2003 |
 |
|
|
|
|
|
|
|
|
| |
|
30
Jun 2003 |
30
Jun 2002 |
31
Dec 2002 |
| Nedcor Group |
|
|
Rm |
%
adv |
Rm |
%
adv |
Rm |
%
adv |
| Non-performing
advances (gross) |
|
|
8
268 |
3,8 |
7 014 |
4,4 |
8 001 |
4,4 |
| Expected
recoveries |
|
|
3
591 |
1,7 |
3 603 |
2,2 |
3 836 |
2,2 |
| Expected
losses (net) |
|
|
4
677 |
2,1
|
3
411 |
2,2
|
4
165 |
2,0
|
| Provisions
(coverage) |
|
|
7 095 |
3,3 |
4 691 |
3,0 |
6 553 |
3,0 |
|
Adequacy
of provisions |
|
|
|
|
|
|
|
|
|
Gross coverage
(%) |
|
|
86 |
|
67 |
|
82 |
|
| Net
coverage (%) |
|
|
152 |
|
138 |
|
157 |
|
| |
|
|
|
|
|
|
|
|
| Provision for bad and doubtful
advances |
|
| Analysis of provisions |
|
|
|
|
|
Jun
2003 |
Jun
2003 |
Dec
2002 |
| Specific provisions for bad
and doubtful advances |
|
|
5 931 |
3 411 |
4 836 |
| General provision |
|
|
1 164 |
1 280 |
1 717 |
| Provision for the year |
|
|
7 095 |
4 691 |
6 553 |
| |
|
|
|
|
|
|
|
|
| Total provision |
|
|
|
|
|
7 095 |
4 691 |
6 553 |
| Specific provision in respect
of non-proforming advances |
|
|
4
677 |
3 411 |
4 165 |
| Specific and general provisions
in respect of proforming advances |
|
|
2
418 |
1 280 |
2 388 |
| |
|
|
|
|
|
|
|
|
| Analysis of non-performing advances |
| |
|
|
|
|
|
Jun
2003 |
Jun
2002 |
Dec
2002 |
| |
|
|
|
|
|
Rm |
Rm |
Rm |
| Mortage advances |
|
|
|
|
|
3 346 |
2199 |
2 803 |
| Instalment sales and leasing |
|
|
|
|
|
929 |
1 056 |
877 |
| Other loans and advances |
|
|
|
|
|
|
|
|
| (including credit cards) |
2
919 |
2 820
|
3 253
|
| Gross non-performing loans |
|
|
|
|
|
7 194 |
6 075 |
6 933 |
| Total PIPs |
1
074 |
939 |
1 068
|
| Gross non-performing advances |
|
|
|
|
|
|
|
|
| Net value-at-risk covered by: |
|
|
|
|
|
|
|
|
| Specific provisions |
|
|
|
|
|
|
|
|
| Expected recoveries |
|
|
|
|
|
3 591 |
3 603 |
3 836 |
| |
8 268
|
7 014 |
8 001 |
| |
| Analysis of non-performing advances
and provisions for doubtful debts |
| |
|
|
June
2003 |
%
of gross |
June
2002 |
%
of gross |
Dec
2002 |
%
of gross |
| |
|
|
Rm |
advances |
Rm |
advances |
Rm
|
advances |
| Gross advances |
|
|
26 220* |
|
158 104 |
|
208 092 |
|
| Non-proforming advances |
|
|
8 268 |
3,82 |
7 014 |
4,44 |
8 001 |
3,84 |
| Non-proforming advances |
|
|
7
194 |
3,33 |
6 075 |
3,84 |
6 933 |
3,33 |
| Properties in possesion |
|
|
1
074 |
0,50
|
939 |
0,59 |
1 068 |
0,51 |
| Total doubtful-debt provisions |
|
|
7 095 |
3,28 |
4 691 |
2,97 |
6 553 |
3,15 |
| Specific |
|
|
5
931 |
2,74 |
3 411 |
2,16 |
4 836 |
2,32 |
| Portfilio/general |
|
|
1
164 |
0,54
|
1 280 |
0,81 |
1 717 |
|
| |
|
|
|
|
|
|
|
|
| *Excluding AC133 Gross-up
of derivatives of R37 036 million |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| This
page was updated on
29 July, 2003
|
| Printed from http:///book_index.asp?bookmark= Copyright © 2003 Nedcor Limited | |
|
|
