Loan Portfolio - The total receivable loans of the group at the end of the reporting year amounted to approximately HKD 894,441,000, with the largest borrower accounting for about 22% of this total [15]. - The loans issued ranged from USD 5,000,000 to USD 30,000,000, with annual interest rates between 3% and 12%, and repayment terms of approximately 3 to 12 months [14]. - At the end of the reporting year, the group had issued loans to nine market participants across various industries, including sports, technology, real estate, education, and finance [14]. - The group does not issue loans to individual clients, focusing solely on corporate borrowers [13]. Credit Risk Management - The group has established an expected credit loss model to measure the credit risk associated with loans, with a provision for loan losses amounting to approximately HKD 53,281,000 [16]. - The group monitors the financial status of borrowers and collateral regularly, taking appropriate actions if there are signs of financial deterioration [17]. - The group evaluates the recoverable amount of receivables and incorporates it into the expected credit loss model [25]. - Sufficient impairment losses are recognized for irrecoverable amounts, reviewed by auditors at each reporting date [25]. Borrower Assessment - The group assessed potential borrowers based on their financial stability and operational consistency, with no specific quantitative benchmarks for age, occupation, or minimum income [12]. - The group has no agreements or arrangements with related parties regarding the issuance of loans to borrowers, ensuring independence in its lending practices [14]. Team Composition - The business team consists of 6 members with an average of 7.3 years of experience in the financial industry, while the risk team has 5 members with an average of 8.3 years of experience [17]. Loan Oversight - Management is responsible for overseeing the loan repayment progress and the completion of any milestone events [25]. - The group relies on a three-year unsecured loan from Minsheng International to conduct its financing business, with interest rates set at 3.5% and 2.5% for different periods in 2021 [12].
民银资本(01141) - 2022 Q3 - 季度财报