My first Publication ocbc_ar17_fullreport_english | Page 208

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
27. NON-PERFORMING LOANS (“NPLS”), DEBT SECURITIES AND CONTINGENTS (continued)
27.5 RESTRUCTURED/RENEGOTIATED LOANS
Non-performing restructured loans by loan classification and the related specific allowances as at reporting date is shown below.
The restructured loans as a percentage of total NPLs were 28.3% (2016: 38.2%) and 34.7% (2016: 53.4%) for the Group and the
Bank respectively.
2017
GROUP
Substandard
Doubtful
Loss
BANK
Substandard
Doubtful
Loss
2016
Amount
$ million Allowance
$ million Amount
$ million Allowance
$ million
703
211
52
966 242
128
42
412 865
156
42
1,063 72
118
28
218
689
197
–
886 235
116
–
351 844
136
–
980 57
103
–
160
2016
$’000 2017
$’000
28. SPECIFIC ALLOWANCES
GROUP
2017
$’000
At 1 January
Currency translation
Bad debts written off
Recovery of amounts previously provided for
Allowances for loans
Net allowances charged to income statements (Note 9)
Interest recognition on impaired loans
Transfer from other assets
At 31 December (Note 26)
206
OCBC ANNUAL REPORT 2017
616,478
(28,653)
(740,933)
(64,668)
1,471,925
1,407,257
(19,519)
1,811
1,236,441
BANK
359,993
7,023
(220,981)
(54,970)
539,185
484,215
(17,511)
3,739
616,478
321,315
(20,422)
(583,690)
(37,769)
1,282,513
1,244,744
(15,055)
–
946,892
2016
$’000
110,069
7,115
(97,813)
(31,486)
341,132
309,646
(11,441)
3,739
321,315