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RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of nature and extent of risks arising from financial instruments [line items]  
Schedule of quality assets and its related provision

The following table shows quality assets and its related provision, based on our internal scoring policy as of December 31, 2018:

 

   Individually assessed

Commercial

 

Portfolio

 Stage 1 Stage 2 Stage 3

Total

 Individual

 

 Percentage   Stage 1 Stage 2 Stage 3 Total ECL Allowance Percentage
MCh$ MCh$ MCh$ MCh$ %   MCh$ MCh$ MCh$ MCh$ %
                       
A1 29,998 - - 29,998 0.10%   2 - - 2 0.00%
A2 1,074,789 - - 1,074,789 3.56%   525 - - 525 0.06%
A3 2,699,684 309 - 2,699,993 8.94%   2,526 - - 2,574 0.29%
A4 3,200,608 16,546 - 3,217,154 10.65%   8,865 323 - 9,206 1.04%
A5 1,755,259 26,141 - 1,781,400 5.90%   11,296 453 - 11,192 1.33%
A6 935,499 45,671 - 981,170 3.25%   6,975 2,213 - 9,188 1.04%
B1 - 494,915 187 495,102 1.64%   - 14,107 79 14,232 1.61%
B2 - 81,955 156 82,111 0.27%   - 2,786 66 2,852 0.32%
B3 - 67,089 614 67,703 0.22%   - 3,841 233 4,074 0.46%
B4 - 47,653 45,480 93,133 0.31%   - 2,488 19,688 22,176 2.51%
C1 - 46,383 108,325 154,708 0.51%   - 2,548 48,147 50,695 5.75%
C2 - 15,678 39,246 54,924 0.18%   - 1,261 18,171 19,672 2.20%
C3 - 19,655 26,204 45,859 0.15%   - 733 10,803 11,297 1.31%
C4 - 3,560 32,445 36,005 0.12%   - 246 17,077 17,323 1.96%
C5 - 703 64,762 65,465 0.22%   - 32 40,541 40,573 4.60%
C6 - 1,525 69,510 71,035 0.22%   - 35 43,310 43,789 4.91%
Subtotal 9,695,837 867,783 386,929 10,950,549 36.24%   30,189 31,066 198,115 259,370 29.39%
                       
  Collectively assessed
  Stage 1 Stage 2 Stage 3 Total Group Percentage   Stage 1 Stage 2 Stage 3 Total ECL Allowance Percentage
MCh$ MCh$ MCh$ MCh$ %   MCh$ MCh$ MCh$ MCh$ %
Commercial 3,616,969 232,472 386,154 4,235,595 14.02%   43,541 24,754 179,317 247,432 28.04%
Mortgage 4,341,470 249,039 285,510 4,876,289 16.14%   70,904 54,372 159,066 284,342 32.23%
Consumer 9,258,962 447,496 444,523 10,150,981 33.60%   9,006 15,102 67,162 91,270 10.34%
Subtotal 17,217,671 929,007 1,116,187 19,262,865 63.76%   123,451 94,048 405,545 623,044 70.61%
Total 26,913,508 1,796,790 1,503,116 30,213,414 100.00%   153,640 124,114 603,660 882,414 100.00%
Schedule of modified loans

    As of December 31, 2018  
    Stage 1     Stage 2     Stage 3     Total  
    MCh$     MCh$     MCh$     MCh$  
Gross carrying amount     26,913,508       1,796,790       1,503,116       30,213,414  
Modified loans     -       582,513       815,094       1,397,607  
%     -       32.42 %     54.23 %     4.63 %
                                 
                                 
ECL allowance     153,640       125,114       603,660       882,414  
Modified loans     -       44,099       323,802       367,901  
%     -       35.25 %     53.64 %     41.69
Schedule of mortage and other loan

Collectively assessed Individually assessed
Mortgages Other loans

Revolving

(Credit cards)

 Collectively assessed SME Individually assessed SME Middle market Corporate and Investment Banking
45% 42% 42% 42% 60% 50% Santander Group criteria

 

There is also a relative threshold of 100% of all portfolios with the exception of the Corporate and Investment Banking Portfolio.

 

Qualitative criteria for SICR Stage 2:

The qualitative criteria is based on the existence of evidence that leads to an automatic classification of financial instruments in stage 2, mainly 30 days overdue and restructured. Thresholds of SICR are calibrated based on the average ECL of exposures that are 30 days overdue or with a level of credit risk considered to be “significant”.

 

Collectively assessed Individually assessed
Mortgages Other loans

Revolving

 

(Credit cards)

Collectively

assessed SME

Individually

assessed SME

 Middle market

Corporate and

Investment

Banking

Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days
Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring
        Clients that are considered to be substandard or in incompliance (pre-legal action) Clients that are considered to be substandard or in incompliance (pre-legal action) Clients that are considered to be substandard or in incompliance (pre-legal action)
Schedule of risk concentration.

The following table shows the risk concentration by industry, and by stage before ECL allowance:

 

As of December 31, 2018 Loans and account receivable at amortised cost
Stage 1 Stage 2 Stage 3 Total
MCh$ MCh$ MCh$ MCh$
Commercial loans        
Manufacturing   992,786   92,931   54,048  1,139,765
Mining   182,342   21,821    4,585   208,748
Electricity, gas, and water   384,288   22,365    2,279   408,932
Agriculture and livestock   934,199  166,271  100,781  1,201,251
Forest   120,371    9,402   14,115   143,888
Fishing   238,348   11,104    3,569   253,021
Transport   716,493   55,011   37,802   809,306
Communications   178,215   30,407    7,222   215,844
Construction(a)   723,600   88,691   93,747   906,038
Commerce  2,950,517  189,623  199,924  3,340,064
Services  1,771,595   81,159   12,915  1,865,669
Other  4,120,052  331,470  242,096 4,693,618
         
Subtotal 13,312,806 1,100,255 773,083 15,186,144
         
Mortgage loans 9,258,962 447,496 444,523 10,150,981
         
Consumer loans 4,341,740 249,039 285,510 4,876,289
         
Total 26,913,508 1,796,790 1,503,116 30,213,414

 

  (a) In 2018 we improved the classification of our construction loans, reassigning loans for real state rental investment companies to services.
Schedule of macro economical forward

The annual growth forecasts for the most relevant macroeconomic variables for each of our scenarios are as follows:

 

  Average estimates 2019 - 2020
  Unfavorable scenario 2 Unfavorable scenario 1 Base scenario Favorable scenario 1 Favorable scenario 2
Official interest rate 1.78% 2.82% 3.91% 4.99% 6.03%
Unemployment rate 8.47% 7.53% 6.55% 6.10% 5.57%
Housing Price growth 0.89% 1.06% 1.50% 2.68% 4.49%
GDP growth 1.40% 2.22% 2.99% 3.87% 4.68%
Consumer Price Index 1.14% 1.98% 2.83% 3.75% 4.59%
Schedule of probabilities

The probabilities for the scenarios must total 100% and be symmetrical.

 

Local scenario   Global scenario
  Probability weighting     Probability weighting
Favorable scenario 2 5%   Favorable scenario 1 20%
Favorable scenario 1 20%   Base scenario 60%
Base scenario 50%   Unfavorable scenario 1 20%
Unfavorable scenario 1 20%      
Unfavorable scenario 2 5%      
Schedule of allowance sensibility

The ECL allowance sensibility to future macro economic conditions is as follows:

 

December 31, 2018 Ch$
Reported ECL allowance 882,414
Gross carrying amount 30,282,022
   
Reported ECL Coverage 2.91%
   
ECL amount by scenarios  
Favorable scenarios 2 745,089
Favorable scenarios 1 815,113
Base scenarios 879,358
Unfavorable scenarios 2 949,329
Unfavorable scenarios 2 970,563
   
Coverage ratio by scenarios  
Favorable scenarios 2 2.46%
Favorable scenarios 1 2.69%
Base scenarios 2.90%
Unfavorable scenarios 2 3.13%
Unfavorable scenarios 2 3.21%
Schedule of financial assets and associated collateral

The following table show the maximum exposure to credit risk by class of financial asset, associated collateral and the net exposure to credit risk:

 

December 31, 2018

Maximum

exposure to

credit risk

Collateral

(*)

 Net exposure

Associated

ECL

  MCh$ MCh$ MCh$ MCh$
Commercial loans 15,254,752 7,369,291 7,885,461 506,802
Mortgage loans 10,150,981 9,699,324 451,657 91,270
Consumer Loans 4,876,289 754,920 4,121,369 284,342
Total 30,282,022 17,823,535 12,458,487 882,414
Schedule of portfolio
  c. Portfolio characteristics:

 

  As of December 31,
Category 2017

Commercial

Portfolio

 Individual   Percentage   Allowance   Percentage
MCh$   %   MCh$   %
               
A1 1,051,072   3.79%   827   0.10%
A2 5,957,305   21.49%   18,514   2.34%
A3 2,176,779   7.85%   27,894   3.53%
B 539,074   1.94%   32,089   4.06%
C1 145,033   0.52%   2,604   0.33%
C2 56,871   0.21%   5,104   0.65%
C3 39,825   0.14%   8,935   1.13%
C4 53,261   0.19%   19,120   2.42%
D1 71,896   0.26%   41,941   5.30%
    D2 77,048   0.28%   62,234   7.87%
Subtotal 10,168,164   36.67%   219,262   27.73%
               
  Group   Percentage   Allowance   Percentage
MCh$   %   MCh$   %
Commercial              
Normal portfolio 3,488,633   12.58%   58,728   7.42%
Impaired portfolio 414,530   1.50%   160,345   20.27%
Subtotal 3,903,163   14.08%   219,073   27.69%
Mortgage              
Normal portfolio 8,634,351   31.14%   20,174   2.55%
Impaired portfolio 462,544   1.67%   48,892   6.17%
Subtotal 9,096,895   32.81%   69,066   8.72%
Consumer              
Normal portfolio 4,230,567   15.26%   114,099   14.42%
Impaired portfolio 327,125   1.18%   169,657   21.44%
Subtotal 4,557,692   16.44%   283,756   35.86%
Total 27,725,914   100.00%   791,157   100.00%
Schedule of financial assets and off-balance sheet commitments

Below is the distribution by financial asset and off-balance sheet commitments of the Bank’s maximum exposure to credit risk as of December 31, 2018 and 2017, without deduction of collateral, security interests or credit improvements received:

 

    As of December 31,
    2018   2017
    Amount of exposure   Amount of exposure
  Note MCh$   MCh$
         
Deposits in banks 5 1,240,578   839,561
Cash items in process of collection 5 353,757   668,145
Investments under resale agreements 7 -   -
Financial derivative contracts 8 3,100,635   2,238,647
Trading investment   -   485,736
Loans and account receivable from customers and interbank loans, net   -   26,934,757
Available for sale investment   -   2,574,546
Financial assets held for trading 6 77,041   -
Loans and account receivable at amortised cost / Loans and account receivable at FVOCI 9 and 10 29,399,589   -
Debt instrument at fair value through other comprehensive income 12 2,394,323   -
         
Off-balance commitments:        
Letters of credit issued   223,420   201,699
Foreign letters of credit confirmed   57,038   75,499
Performance guarantees   1,954,205   1,823,793
Available credit lines   8,997,650   8,135,489
Personal guarantees   133,623   81,577
Other irrevocable credit commitments   327,297   260,691
Total   48,345,002   44,320,140
Schedule of fair value of derivative instruments

Below, there are additional details regarding our exposure for those countries classified above 1 and represents our majority of exposure to categories other than 1, Below we detail as of December 31, 2018, considering fair value of derivative instruments.

 

Country Classification

Derivative Instruments

 

(adjusted to market)

 USD MCh$

 

Deposits

 USD MCh$

 

Loans

 USD MCh$

 

Financial investments

 

USD MCh$

 

Total

 Exposure

 USD MCh$

 

Bolivia 3 0.00 0.00 0.06 0.00 0.06
China 2 0.00 0.00 243.95 0.00 243.95
Italy 2 0.00 2.38 0.78 0.00 3.16
México 2 0.00 0.01 0.00 0.00 0.01
Panamá 2 0.63 0.00 0.00 0.00 0.63
Perú 2 3.38 0.00 0.00 0.00 3.38
Thailand                                                    2 0.00 0.00 0.31 0.00 0.31
Turkey 3 0.00 0.00 9.49 0.00 9.49
Total   4.01 2.39 254.59 0.00 260.99

The total amount of this exposure to derivative instruments must be compensated daily with collateral and, therefore, the net credit exposure is USD 0.

  

Our exposure to Spain within the group is as follows:

 

 
Counterpart Country Classification

Derivative instruments (market adjusted)

MUSD

Deposits

MUSD

Loans

MUSD

Financial

Investments

MUSD

Exposure

Exposure

MUSD

Banco Santander España (*) Spain 1 9.74 118.26 - - 128.00
Schedule of security interests, collateral, or credit improvements

Below is the detail of security interests, collateral, or credit improvements provided to the Bank as of December 31, 2018 and 2017,

 

  As of December 31,
  2018   2017
  MCh$   MCh$
Non-impaired financial assets:      
Properties/mortgages 22,047,354   19,508,151
Investments and others 2,200,776   2,108,962
Impaired financial assets:      
Properties/ mortgages 119,181   152,252
Investments and others 865   1,087
Total 24,368,176   21,770,452
Schedule of liquidity portfolio

The management of the Bank’s liquidity portfolio is performed by the Financial Management Division under rules determined by the ALCO.

 

  As of December 31,
  2018 2017
  MCh$ MCh$
Financial investments for trading 77,041 485,736
Available for sale investments 2,394,323 2,574,546
Encumbered assets (net) (1) (48,843) (268,330)
Net cash (2) 149,321 (37,628)
Net Interbank deposits (3) 967,095 768,595
Total liquidity portfolio 3,585,937 3,522,919

 

  (1) Assets encumbered through repurchase agreements are deduced from liquidity portfolio
  (2) Cash minus reserve requeriments. As is presented in Note 4 the reserve requeriments are established by the monthly average reserves that the bank must maintain in accordance with regulation governing minimum reserves
  (3) Includes overnight deposits in Central Bank, domestic banks and foreign banks.
Schedule of exposure to liquidity risk

The following table displays the actual derived percentages as calculated per above:

 

  As of December 31,
 

2018

%

  

2017

%

30 days (20)   (48)
30 days foreign currency -   (22)
90 days (37)   (51)
Schedule of breakdown by maturity

Below, is the breakdown by maturity, of the liability balances of the Ba as of December 31, 2018 and 2017:

 

  Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal after 1 year Total
As of December 31, 2018 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Obligations under repurchase agreements -        48,545                -                -          48,545  -    -    -                    -             48,545
Checking accounts, time deposits and other time liabilities    9,027,434   5,248,418    4,108,556    3,326,199   21,710,607      191,547          6,137        63,988       261,672   21,972,279
Financial derivatives contracts                -      131,378       120,361       349,551        601,290      495,789      471,185      949,464    1,916,438     2,517,728
Interbank borrowings     39,378  16,310 404,575 1,188,692  1,648,955   139,671  -     - 139,671   1,788,626
Issue debt instruments -   71,465 39,267 745,830 856,562  2,431,849 1,549,743  3,277,079  7,258,671    8,115,233
Other financial liabilities   179,681  934 2,412 22,844 205,871  9,261  92 176  9,529   215,400
Subtotal 9,246,493  5,517,050 4,675,171 5,633,116  25,071,830 3,268,117 2,027,157 4,290,707 9,585,981  34,657,811
Contractual interest payments 4,918 82,292 158,760 812,920 1,058,890 1,156,262 1,110,918 1,537,385 3,804,565  4,863,456
Total 9,251,411 5,599,342  4,833,931  6,446,036 26,130,720 4,424,379 3,138,075 5,828,092 13,390,546  39,521,267

 

As of December 31, 2018, the scheduled maturities of other commercial commitments, including accrued interest, were as follows:

Other Commercial Commitments Up to 1 month
MCh$		 Between 1 and 3 months
MCh$		 Between 3 and 12 months
MCh$		 Between 1 and 5 years
MCh$		 More than 5 years
MCh$		 Total
MCh$
 
Performance guarantee 663,642 188,147 905,554 163,506 33,356 1.954,205
Confirmed foreign letters of credit 3,842 9,128 33,177 10,891 - 57,038
Letters of credit issued 12,469 110,970 54,015 45,937 29 223,420
Pledges and other commercial commitments 22,128 63,230 41,637 6,628 - 133,623
Total other commercial commitments 702,081 371,475 1,034,383 226,962 33,385 2,638,286

  

  Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal after 1 year Total
As of December 31, 2017 MM$ MM$ MM$ MM$ MM$ MM$ MM$ MM$ MM$ MM$
Obligations under repurchase agreements - 268,061 - - 268,061 - - - - 268,061
Checking accounts, time deposits and other time liabilities 8,376,371 5,120,171 4,201,271 2,299,018 19,996,831 106,833 2,811 62,362 172,006 20,168,837
Financial derivatives contracts - 144,410 196,444 356,288 697,142 378,582 358,358 705,406 1,442,346 2,139,488
Interbank borrowings 4,130 46,013 397,419 1,030,241 1,477,803 220,554 - - 220,554 1,698,357
Issue debt instruments - 21,043 55,119 274,239 350,401 1,727,571 2,104,771 2,910,910 6,743,252 7,093,653
Other financial liabilities 177,663 701 2,583 31,879 212,826 27,581 404 1,219 29,204 242,030
Subtotal 8,558,164 5,600,399 4,852,836 3,991,665 23,003,064 2,461,121 2,466,344 3,679,897 8,607,362 31,610,426
Contractual interest payments 4,403 45,465 117,779 462,579 630,226 808,502 776,796 1,147,553 2,732,851 3,363,077
Total 8,562,567 5,645,864 4,970,615 4,454,244 23,633,290 3,269,623 3,243,140 4,827,450 11,340,213 34,973,503

 

As of December 31, 2017, the scheduled maturities of other commercial commitments, including accrued interest, were as follows:

 

Other Commercial Commitments Up to 1 month Between 1 and 3 months Between 3 and 12 months Between 1 and 5 years More than 5 years Total
(in millions of Ch$)
Performance guarantee 514,510 244,543 835,030 208,479 21,231 1,823,793
Confirmed foreign letters of credit 16,681 33,513 21,277 4,028 - 75,499
Letters of credit issued 12,367 115,720 43,029 30,554 29 201,699
Pledges and other commercial commitments 16,028 13,382 47,288 4,880 - 81,578
Total other commercial commitments 559,586 407,158 946,624 247,941 21,260 2,182,569
Schedule of high, low and average levels

High, low and average levels for each component and year were as follows:

 

VaR

2018

USDMM

  

2017

USDMM

Consolidated:      
High 5.23   5.71
Low 1.21   1.56
Average 2.01   3.01
       
Fixed-income investments:      
High 2.54   5.51
Low 1.19   1.15
Average 1.71   2.36
       
Variable-income investments      
High 0.01   0.01
Low 0.00   0.00
Average 0.00   0.00
       
Foreign urrency investments      
High 4.29   4.21
Low 0.09   0.53
Average 1.14   1.71
Schedule of market risk

Market risk – Financial management portfolio – December 31, 2018 and 2017

 

  2018   2017
Effect on financial income Effect on capital   Effect on financial income Effect on capital
Financial management portfolio – local currency (MCh$)          
Loss limit 48,000 192,001   48,000 175,000
High 43,742 189,725   (37,148) (141,287)
Low 27,854 170,450   (22,958) (112,818)
Average 37,569 180,972   (29,110) (128,506)
Financial management portfolio – foreign currency (Th$US)          
Loss limit 30 75   30 75
High 12 38   16 42
Low 4 (10)   4 15
Average 9 22   10 23
Financial management portfolio – consolidated (in MCh$)          
Loss limit 48,000 192,002   48,000 175,000
High 45,492 192,848   (38,249) (142,442)
Low 29,167 168,766   (23,571) (112,277)
Average 38,908 182,557   (29,948) (128,360)
Schedule of levels of basic capital and effective net equity

The levels of basic capital and effective net equity at the close of each period are as follows:

 

      Ratio
  As of December 31,   As of December 31,
  2018   2017   2018   2017
  MCh$   MCh$   %   %
Basic capital 3,239,546   3,066,180   7.72   7.92
Regulatory capital 4,101,664   3,881,252   13.40   13.91
Consumer Loans [Member]  
Disclosure of nature and extent of risks arising from financial instruments [line items]  
Schedule of provision matrix

The following diagrams set forth the allowances required by our current models for consumer loans:

 

Santander:

Bank Loan type         Allowance Level(1) (Loss rate)
Consumer Performing  

New clients

 

Existing clients

 

Banefe

 

  
  0.53% -19.75% 0.05%-11.92% 0.13%-18.67%  
             
Renegotiated consumer loans which were less than 90 days past due at the time of renegotiation (2)   3.66%-30.40% 10.19%-43.71%  
             
Renegotiated consumer loans which were more than 90 days past due at the time of renegotiation (2)   41.50%-100% 51.11%-100%  
             
Non-performing Days Past Due New Clients Existing Clients Previously Renegotiated Bank Previously Renegotiated Banefe
90-120 31.78% 31.78% 41.50% 51.11%
120-150 51.17% 51.17% 60.15% 66.65%
150-180 59.98% 59.98% 68.86% 78.50%
>180   Charged-off
                       

 

  1. Percentage of loans outstanding
  2. This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation.
Commerical Loans [Member]  
Disclosure of nature and extent of risks arising from financial instruments [line items]  
Schedule of provision matrix

In order to calculate the estimated incurred loan loss for all commercial loans collectively evaluated for impairment, the Bank sub-divided the portfolio in the following way:

 

Loan type Allowance Level(1) (Loss rate)  
Commercial loans analyzed on a group basis Performing Commercial loan to individuals w/o mortgage collateral Commercial loan to individuals with mortgage collateral Small Enterprise Mid-sized  Enterprise    
0.87% -15.70% 0.03%-3.98% 0.21%-14.39% 0.14%-7.31    
             
Renegotiated commercial loans which were less than 90 days past due at the time of renegotiation (2)

loan w/o mortgage collateral

2.93%-20.65%

loan with mortgage collateral

1.17%-8.25%

             
Renegotiated commercial loans which were more than 90 days past due at the time of renegotiation (2) Days Past Due when renegotiated Commercial loan to individuals w/o mortgage collateral Commercial loan to individuals with mortgage collateral Small Enterprise Mid-sized  Enterprise  
90-179 41.69% 12.15% 30.95% 18.93%  
180-359 67.31% 23.42% 64.47% 51.86%  
360-719 75.69% 34.65% 70.15% 63.12%  
>720 83.82% 46.25% 74.53% 72.87%  
             
Non-performing consumer Days Past Due Commercial loan to individuals w/o mortgage collateral Commercial loan to individuals with mortgage collateral Small Enterprise Mid-sized  Enterprise Previously renegotiated
90-179 41.69% 12.15% 30.95% 18.93% 18.93%
180-359 67.31% 23.42% 64.47% 51.86% 51.86%
360-719 75.69% 34.65% 70.15% 63.12% 63.12%
>720 83.82% 46.25% 74.53% 72.87% 72.87%

 

 

  (1) Percentage of loans outstanding

 

  (2) This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation.
Residential Mortgage Loans [Member]  
Disclosure of nature and extent of risks arising from financial instruments [line items]  
Schedule of provision matrix

The following table sets forth the required loan loss allowance for residential mortgage loans:

 

Bank Loan type Allowance Level(1) (Loss rate)
             

Residential

mortgage

 Performing Bank (excl Select)   Santander Select    
0.00%-5.18%   0.00%-3.88%    
           

Renegotiated mortgage loans which

were less than 90 days past due at the

time of renegotiation (2)

0.16%-8.37%    
           

Renegotiated mortgage loans which

were more than 90 days past due at the

time of renegotiation (2)

5.58%-26.25%    
           
Non-performing mortgage Loan to Value        
0-60 5.58%      
60-80 8.48%      
80-90 11.93%      
>90 16.25%      

 

 

  1. Percentage of loans outstanding

  2. This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation.