109 CONSOLIDATED FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2026 (expressed in Barbados dollars) 77 24 Financial Risk Management …continued 24.2 Credit risk …continued Maximum exposure Credit risk exposures relating to consolidated statement of financial position assets are as follows: Maximum exposure 2026 $ 2025 $ Loans and advances to members: Consumer 678,284,723 668,206,253 Mortgages 713,124,539 706,393,701 Business 35,348,131 27,757,709 Financial investments: Amortised cost 81,550,581 40,462,038 Cash resources 484,589,976 460,954,959 Other Assets 37,364,941 30,579,315 Credit risk exposures relating to off-consolidated statement of financial position items are as follows: Loan commitments 75,684,535 73,675,637 Total maximum exposure 2,105,947,427 2,008,029,612 The table represents the maximum credit risk exposure of the Group as of March 31, 2026 and March 31, 2025, without taking account of any collateral held or other credit enhancements attached. For consolidated statement of financial position assets, the exposures set out above are based on gross carrying amounts as reported in the consolidated statement of financial position. 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 2025 financial year were rated by Standard & Poor’s as B- with a positive outlook. During the financial year ended March 31, 2026, these bonds were upgraded to rated B+ with a stable outlook.
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