108 The maximum exposure to credit risk As of 31 December 2021 and 2020, the maximum exposure to credit risk of financial instruments (excluding insurance assets) is the gross carrying amount before allowance for expected credit loss, and before both the effect of mitigation through use of master netting and collateral arrangements. The maximum exposures to credit risk are as follows: (Unit: Million Baht) Consolidated financial statements Separate financial statements 2021 2020 2021 2020 Financial assets Interbank and money market items (assets) 8,950 7,815 1,348 172 Investments in debt securities measured at fair value through profit or loss 653 2,021 251 1,101 Investments in debt securities measured at amortised cost - 43 - - Investments in debt securities measured at fair value through other comprehensive income 10,416 19,250 247 7,202 Loans to customers and accrued interest receivables 57,836 52,593 4,895 928 Receivables from purchase and sale of securities 843 1,247 - - Other assets 1,791 2,354 15 48 Total maximum exposure to credit risk 80,489 85,323 6,756 9,451 Credit quality analysis Credit risk refers to the risk that a customer or a counterparty will default on its contractual obligations resulting in a financial loss to the Company and its subsidiaries. The Company and its subsidiaries has adopted a policy to manage this risk by performing credit analysis based on customer information and consistently monitoring customer status. 324
RkJQdWJsaXNoZXIy ODEyMzQ3