Notes to the consolidated financial statements
43. Sale of packages of receivables
In 2015 the Bank sold one package of credit exposures. The transaction was concluded on 17 September 2015 with a securitization fund, which offered the best price in the tendering process.
A package sold included 1 480 credit exposures with the nominal value of the principal of PLN 11.76 million and interest with other expenses amounting to PLN 7.5 million, whose substantial portion had been impaired (PLN 10.33 million). The gross profit on the sale of the package of exposures was PLN 987.22 thousand and was recognized under “Other operating revenue” in the consolidated income statement.