Financial results

Notes to the consolidated financial statements

Download note 13 in XLS

13. Net impairment losses


Net impairment losses comprise a change in impairment losses for loans and advances granted to customers and off-balance sheet exposures, and applied impairment losses due to charging off and selling receivables.

As compared to the consolidated financial statements for the year ended 31 December 2014, in these consolidated financial statements the Group has made presentation changes through a more detailed presentation of impairment losses for loans and advances granted to individuals for which the Bank has separated the item “Cash and instalment loans” and “Mortgages”.