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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of fair value measurement of assets [line items]  
Schedule of Reconciliation of Level 3 Fair Value Measurements of Financial Assets

The reconciliation of Level 3 fair value measurements of financial assets is presented as follows:

 

 

Fair value through other comprehensive income

 

 

Unquoted debt securities

 

 

Total

 

 

 

 

 

 

 

 

1 January 2023

 

 

-

 

 

 

-

 

Total gains or losses:

 

 

 

 

 

 

- in profit or loss

 

 

-

 

 

 

-

 

- in other comprehensive income

 

 

-

 

 

 

-

 

Purchases

 

 

-

 

 

 

-

 

Issues

 

 

-

 

 

 

-

 

Disposals/settlements

 

 

-

 

 

 

-

 

Transfer into level 3

 

 

2,322

 

 

 

2,322

 

Transfers out of level 3

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

31 December 2023

 

 

2,322

 

 

 

2,322

 

Total gains or losses:

 

 

 

 

 

 

- in profit or loss

 

-

 

 

-

 

- in other comprehensive income

 

 

939

 

 

 

939

 

Purchases

 

 

-

 

 

 

-

 

Issues

 

-

 

 

-

 

Disposals/settlements

 

-

 

 

-

 

Transfer into level 3

 

-

 

 

-

 

Transfers out of level 3

 

-

 

 

-

 

 

 

 

 

 

 

 

31 December 2024

 

 

3,261

 

 

 

3,261

 
Fair value Recurring  
Disclosure of fair value measurement of assets [line items]  
Schedule of Fair Value Financial Assets and Financial Liabilities Measured at Fair Value The following table gives information about how the fair values of these financial assets and financial liabilities are determined (in particular, the valuation technique(s) and inputs used).

 

Financial assets/
financial liabilities

 

2023

 

 

2024

 

 

Fair value hierarchy

 

Valuation technique(s) and key input(s)

Non-derivative financial
   assets at FVTOCI
   (Note 11)

 

 

3,968

 

 

 

22,898

 

 

Level 1

 

Quoted prices in an active market.

Non-derivative financial
   assets at FVTOCI
   (Note 11)

 

 

1,370,806

 

 

 

1,463,463

 

 

Level 2

 

Quoted prices in markets that are not active.

Non-derivative financial
   assets at FVTOCI
   (Note 11)

 

 

2,322

 

 

 

3,261

 

 

Level 3

 

DCF method with weighted average discount ratio 14.1%

Unlisted equity
   investments classified
   as financial
   assets at FVTOCI

 

 

34

 

 

 

60

 

 

Level 3

 

Adjusted net assets based on most recent published financial statements of unlisted companies with discount for marketability and liquidity. Discount ratios varies from 10% to 30%.

Derivative financial
   assets (Note 11)

 

 

642

 

 

 

17,149

 

 

Level 2

 

DCF method. Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.

Derivative financial
   liabilities (Note 19)

 

 

1,165

 

 

 

262

 

 

Level 2

 

DCF method. Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
Fair Value Non Recurring  
Disclosure of fair value measurement of assets [line items]  
Schedule of Fair Value Financial Assets and Financial Liabilities Measured at Fair Value

Except as detailed in the following table, management of the Group considers that the carrying amount of financial assets and financial liabilities recognized in the consolidated financial statements approximate their fair values.

 

 

2023

 

 

 

 

Carrying
amount

 

 

Fair
value

 

 

Fair value hierarchy

 

 

 

 

 

 

 

 

 

Due from banks

 

 

30,683

 

 

 

30,048

 

 

Level 2

Loans to customers

 

 

4,235,957

 

 

 

4,230,722

 

 

Level 3

Due to banks

 

 

154

 

 

 

154

 

 

Level 2

Customer accounts

 

 

5,441,456

 

 

 

5,382,189

 

 

Level 2

Debt securities issued

 

 

99,468

 

 

 

96,666

 

 

Level 2

Subordinated debt

 

 

62,369

 

 

 

60,895

 

 

Level 2

 

 

 

2024

 

 

 

 

Carrying
amount

 

 

Fair
value

 

 

Fair value hierarchy

 

 

 

 

 

 

 

 

 

Due from banks

 

 

37,908

 

 

 

37,330

 

 

Level 2

Loans to customers

 

 

5,746,600

 

 

 

5,663,357

 

 

Level 3

Due to banks

 

 

24,474

 

 

 

24,474

 

 

Level 2

Customer accounts

 

 

6,561,950

 

 

 

6,515,258

 

 

Level 2

Debt securities issued

 

 

51,050

 

 

 

49,838

 

 

Level 2

Subordinated debt

 

 

62,416

 

 

 

60,645

 

 

Level 2