Division 4.2.3 New business in the Retail segment

In accordance with point 4.2.2.1 and in compliance with the principles of due and prudent risk reporting, ‘new business’ for the retail segment is defined as follows:

1. (i)

   A risk-relevant credit or leasing transaction (e.g. a loan or a credit line) which is considered a retail lending or leasing product and which is newly granted to an existing or new customer (or GoB), OR

2. (ii)

   For limit-based retail products already held by a retail client, such as overdrafts, credit cards and retail SME (working capital) credit lines, the difference between the newly granted (higher) limit and the old (lower) limit, OR

3. (iii)

   For amortising retail products already held by a client, such as all forms of instalment loans, the difference between the newly/granted (higher) loan amount and the old (lower) loan amount.