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  2. Financial results
  3. Notes to the consolidated financial statements
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Notes to the consolidated financial statements

42. Sale of packages of receivables

In 2016 the Bank sold two separate packages of credit exposures. The transactions were concluded on 19 September 2016 and 28 December 2016. The exposure packages were acquired by securitization funds offering the best prices in the tender proceedings.

A package sold included 2,041 credit exposures with the nominal value of the principal of PLN 15.31 million and interest with other expenses amounting to PLN 8.82 million, whose substantial portion had been impaired (PLN 11.41 million). The gross profit on the sale of the packages of exposures was PLN 2.38 million and was recognized under “Net impairment losses” in consolidated income statement

41. Assets used as collateral for liabilities
43. Related parties