Summary of Changes in the Allowances for Loan Losses |
11.1 Changes in allowances for credit losses of loans measured at amortized cost for the years ended December 31, 2021 and 2022, are as follows:
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Lifetime expected credit losses |
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Lifetime expected credit losses |
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12-month expected credit losses |
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Lifetime expected credit losses |
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(In millions of Korean won) |
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Beginning |
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₩ |
403,805 |
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₩ |
240,578 |
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₩ |
265,705 |
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₩ |
368,782 |
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₩ |
410,937 |
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₩ |
892,061 |
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₩ |
205,157 |
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₩ |
234,219 |
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₩ |
262,119 |
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Transfer between stages: |
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Transfer to 12-month expected credit losses |
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125,634 |
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(120,132 |
) |
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(5,502 |
) |
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133,798 |
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(71,772 |
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(62,026 |
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45,938 |
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(44,858 |
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(1,080 |
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Transfer to lifetime expected credit losses |
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(97,040 |
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115,427 |
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(18,387 |
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(71,902 |
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92,245 |
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(20,343 |
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(34,208 |
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35,846 |
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(1,638 |
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Impairment |
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(6,312 |
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(49,244 |
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55,556 |
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(2,942 |
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(42,158 |
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45,100 |
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(2,228 |
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(12,580 |
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14,808 |
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Write-offs |
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— |
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12 |
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(411,083 |
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— |
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(3 |
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(239,815 |
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— |
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— |
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(440,721 |
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Sales |
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(1,112 |
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(53 |
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(3,592 |
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(179 |
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— |
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(16,257 |
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— |
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— |
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— |
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Provision (reversal) for credit losses 1,2 |
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40,616 |
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52,528 |
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397,492 |
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14,299 |
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88,230 |
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338,746 |
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(39,533 |
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110,022 |
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474,041 |
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Business combination |
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8,315 |
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2,223 |
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7,194 |
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— |
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— |
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1,654 |
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— |
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— |
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— |
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Others (exchange differences, etc.) |
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77 |
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532 |
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1,758 |
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5,942 |
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675 |
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21,844 |
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42 |
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— |
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(13,202 |
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₩ |
473,983 |
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₩ |
241,871 |
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₩ |
289,141 |
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₩ |
447,798 |
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₩ |
478,154 |
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₩ |
960,964 |
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₩ |
175,168 |
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₩ |
322,649 |
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₩ |
294,327 |
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Lifetime expected credit losses |
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Lifetime expected credit losses |
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12-month expected credit losses |
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Lifetime expected credit losses |
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(In millions of Korean won) |
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Beginning |
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₩ |
473,983 |
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₩ |
241,871 |
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₩ |
289,141 |
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₩ |
447,798 |
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₩ |
478,154 |
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₩ |
960,964 |
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₩ |
175,168 |
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₩ |
322,649 |
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₩ |
294,327 |
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Transfer between stages: |
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Transfer to 12-month expected credit losses |
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129,975 |
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(122,881 |
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(7,094 |
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127,679 |
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(120,619 |
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(7,060 |
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57,128 |
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(50,836 |
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(6,292 |
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Transfer to lifetime expected credit losses |
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(102,988 |
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122,804 |
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(19,816 |
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(93,169 |
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125,031 |
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(31,862 |
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(23,042 |
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24,324 |
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(1,282 |
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Impairment |
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(6,042 |
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(52,137 |
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58,179 |
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(13,524 |
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(48,220 |
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61,744 |
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(2,129 |
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(19,219 |
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21,348 |
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Write-offs |
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— |
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(1 |
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(448,376 |
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— |
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(3 |
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(617,332 |
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— |
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— |
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(450,389 |
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Sales |
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(810 |
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(163 |
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(5,689 |
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(103 |
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(145 |
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(70,603 |
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— |
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— |
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— |
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Provision (reversal) for credit losses 1,2 |
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108,300 |
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94,535 |
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595,991 |
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49,789 |
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126,627 |
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690,534 |
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(43,497 |
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77,418 |
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480,849 |
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Others (exchange differences, etc.) |
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(1,332 |
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(647 |
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(11,415 |
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3,701 |
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1,111 |
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(85,097 |
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(443 |
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(21 |
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(18,219 |
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₩ |
601,086 |
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283,381 |
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450,921 |
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522,171 |
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561,936 |
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901,288 |
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163,185 |
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354,315 |
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320,342 |
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1 |
Provision for credit losses in the consolidated statements of comprehensive income also includes provision (reversal) for credit losses of due from financial institutions (Note 7.3), provision (reversal) for credit losses of financial investments (Note 12.5), provision (reversal) for credit losses of unused commitments, acceptances and guarantees (Note 24.2), provision (reversal) for credit losses of financial guarantee contracts (Note 24.3), and provision (reversal) for credit losses of other financial assets (Note 19.2). |
2 |
Includes ₩ 387,860 million and ₩ 415,998 million of collections from written-off loans for the years ended December 31, 2021 and 2022, respectively. |
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Summary of Changes in the Book Value of Loans at Amortized Cost |
11.2 Changes in gross carrying amount of loans for the years ended December 31, 2021 and 2022, are as follows:
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Lifetime expected credit losses |
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(In millions of Korean won) |
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Beginning |
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₩ |
348,518,780 |
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₩ |
28,504,202 |
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₩ |
3,427,365 |
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Transfer between stages: |
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Transfer to 12-month expected credit losses |
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31,046,440 |
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(30,615,747 |
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(430,693 |
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Transfer to lifetime expected credit losses (non-impaired) |
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(36,815,970 |
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37,276,737 |
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(460,767 |
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Transfer to lifetime expected credit losses (impaired) |
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(668,120 |
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(1,486,835 |
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2,154,955 |
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Write-offs |
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— |
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9 |
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(1,091,619 |
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Sales |
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(2,892,774 |
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(8,541 |
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(151,714 |
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Business combination |
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116,067 |
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3,924 |
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12,808 |
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Net increase (decrease) (execution, repayment, and others) |
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46,013,068 |
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(895,012 |
) |
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27,765 |
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Ending |
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₩ |
385,317,491 |
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₩ |
32,778,737 |
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₩ |
3,488,100 |
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Lifetime expected credit losses |
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(In millions of Korean won) |
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Beginning |
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₩ |
385,317,491 |
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₩ |
32,778,737 |
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₩ |
3,488,100 |
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Transfer between stages: |
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Transfer to 12-month expected credit losses |
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34,445,894 |
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(34,282,273 |
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(163,621 |
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Transfer to lifetime expected credit losses (non-impaired) |
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(38,397,090 |
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38,818,713 |
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(421,623 |
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Transfer to lifetime expected credit losses (impaired) |
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(1,127,437 |
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(1,478,968 |
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2,606,405 |
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Write-offs |
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— |
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(4 |
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(1,516,097 |
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Sales |
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(3,182,398 |
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(15,961 |
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(270,541 |
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Net increase (decrease) (execution, repayment, and others) |
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25,587,528 |
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(1,325,731 |
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(171,997 |
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Ending |
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₩ |
402,643,988 |
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₩ |
34,494,513 |
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₩ |
3,550,626 |
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