115 CONSOLIDATED FINANCIAL STATEMENTS 2025 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2025 (expressed in Barbados dollars) 77 25 Financial Risk Management …continued 25.2 Credit risk …continued Credit quality by class of financial assets Loans and advances The credit quality of the loans and advances is managed through the prudent underwriting principles established by the Group. Financial investments The Credit Union has principally invested in government bonds issued by the Government of Barbados which in the 2024 financial year was rated by Standard & Poor’s as B-. During the financial year ended March 31, 2025, these bonds were upgraded to a B rating. Cash resources The credit quality of financial institutions holding the Group’s cash resources is assessed according to the level of their credit worthiness and by comparison to other financial institutions. The Group places its cash resources with reputable financial institutions. The tables below show the credit quality analysis by class of financial assets. Credit Quality Analysis 2025 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Loans and advances at amortised cost Current 1,029,978,794 – – 1,029,978,794 Overdue <30 days 145,017,966 – – 145,017,966 Overdue 31 days to 89 days – 38,697,783 – 38,697,783 Overdue over 90 days – – 188,663,120 188,663,120 Total gross loans 1,174,996,760 38,697,783 188,663,120 1,402,357,663
RkJQdWJsaXNoZXIy MTA2MDM=