Annual Report - Ahli United Bank

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Annual Report - Ahli United Bank

Notes to theConsolidated Financial Statements (Contd.)10 LOANS AND ADVANCES (continued)c) Age analysis of past due but not impaired loans and advances2009Upto 30 days 31 to 60 days 61 to 90 days TotalUS$ ’000 US$ ’000 US$ ’000 US$ ’000Loans and advancesRetail 26,551 43,456 36,283 106,290Corporate 46,274 30,609 99,737 176,62072,825 74,065 136,020 282,9102008Upto 30 days 31 to 60 days 61 to 90 days TotalUS$ ’000 US$ ’000 US$ ’000 US$ ’000Loans and advancesRetail 40,558 56,770 56,781 154,109Corporate 21,988 82,812 56,579 161,37962,546 139,582 113,360 315,488The above past due loans and advances include those that are only past due by a few days. None of the above past due loans areconsidered to be impaired.d) Individually impaired loans and advances2009 2008Retail Corporate Total Retail Corporate TotalUS$ ’000 US$ ’000 US$ ’000 US$ ’000 US$ ’000 US$ ’000Gross Impaired loans 147,216 237,023 384,239 117,381 142,858 260,239Specific impairment provision (113,876) (173,836) (287,712) (103,878) (129,926) (233,804)33,340 63,187 96,527 13,503 12,932 26,435Impaired loan coverage 77% 73% 75% 88% 91% 90%The fair value of collateral that the Group holds relating to loans individually determined to be impaired at 31 December 2009 amountsto US$ 71.4 million (31 December 2008: US$ 115.7 million). The collateral consists of securities, letters of guarantee and properties.The carrying amount of renegotiated loans as at 31 December 2009 is US$ 81.6 million (31 December 2008: US$ 27.6 million).66 AUB Annual Report 2009

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