Cash and cash equivalents’ include notes and coins on hand, unrestricted balances held with Central Bank and highly liquid financial assets with original maturities of three months or less from the date of acquisition that are subject to an insignificant risk of changes in their fair value, and are used by the Group and the Bank in the management of its short-term commitments.

Note 1: Unrestricted balances with the Central Bank represent amounts above the minimum cash reserve requirement.

Allowance for impairment losses

The balances were classified in stage 1 and 12-month ECL was calculated hereon at 30 June 2020 and 2019.