79 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) 41 13 Loans and Advances i) Loans and advances are comprised of the following: 2025 Consumer $ Business $ Mortgages $ Total $ Gross loans 668,206,253 27,757,709 706,393,701 1,402,357,663 Less: ECL allowance (31,110,117) (994,000) (7,616,940) (39,721,057) 637,096,136 26,763,709 698,776,761 1,362,636,606 Add: Interest receivable 15,799,963 1,378,436,569 2024 Consumer $ Business $ Mortgages $ Total $ Gross loans 701,338,147 28,060,967 696,469,117 1,425,868,231 Less: ECL allowance (34,997,098) (637,911) (8,908,482) (44,543,491) 666,341,049 27,423,056 687,560,635 1,381,324,740 Add: Interest receivable 13,225,334 1,394,550,074 The average yield on loans for the year was 6.94 % (2024 - 6.93%).
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