Poll

Notes to the consolidated financial statements

43. Sale of debt portfolio

On 29 November 2013, the Bank concluded an agreement regarding the sale of 4,232 retail debt items whose substantial portion had been impaired, with the nominal value of the principal of PLN 13.20 million and interest with other expenses amounting to PLN 12.79 million. Following the sale, the Bank reduced its impairment loss on these assets by PLN 11.01 million. The profit on the sale of the debt portfolio was PLN 626 thousand and was recognized under “Other operating revenue” in the consolidated income statement.

Annual Report 2013 - Bank Pocztowy