Page 291 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 289

45. CREDIT EXPOSURES ARISING FROM CREDIT TRANSACTIONS WITH CONNECTED PARTIES
Group
2024 2023
RM’000 RM’000

Outstanding credit exposures with connected parties 3,051,929 2,485,242

Percentage of outstanding credit exposures to connected
parties as proportion of total credit exposures 6.7% 6.1%

Percentage of outstanding credit exposures with connected
parties which are non-performing or in default 0.0% 0.0%

Bank
2024 2023
RM’000 RM’000

Outstanding credit exposures with connected parties 3,091,651 2,689,309

Percentage of outstanding credit exposures to connected
parties as proportion of total credit exposures 6.8% 6.6%

Percentage of outstanding credit exposures with connected
parties which is non-performing or in default 0.0% 0.0%

The credit exposures above are derived based on Bank Negara Malaysia’s Guidelines on Credit Transaction and
Exposures with Connected Parties, which were issued on 16 July 2014.
Credit transactions and exposures to connected parties as disclosed above includes the extension of credit facilities
and/or off-balance sheet credit exposures such as guarantees, trade-related facilities, and financing commitments. It also
includes holdings of equities and corporate sukuk issued by the connected parties.
The above-mentioned credit transactions with connected parties are all transacted on an arm’s length basis and on
terms and conditions no more favourable than those entered into with other counterparties with similar circumstances
and credit worthiness. Due care has been taken to ensure that the credit worthiness of connected parties are not less
than that normally required of other persons.