Notes to the consolidated financial statements
Download note 42 in XLS42. Assets used as collateral for liabilities
| Balance as at | |||
|---|---|---|---|
| 31 December 2015 | |||
| Bank’s assets used as collateral | Liability type | Nominal value of collateralized liabilities | Carrying amount of assets used as collateral |
| PLN’000 | PLN’000 | ||
| Treasury bonds | Capital Guarantee Fund * | 21 474 | 32 838 |
| Pledge under cooperation agreement on payment and credit card services ** | zmienne | 2 011 | |
| Liabilities from securities sold under repo and sell-buy-back agreements *** | 154 006 | 154 017 | |
| Total | 175 480 | 188 866 |
*The collateral covers the value of the Bank Guarantee Fund in accordance with Article 25 of the Act on Bank Guarantee Fund of 14 December 1994 (consolidated text: Journal of Laws of 2014 No. 1866). Treasury bonds with term to maturity compliant with the requirements of the applicable Act constitute the carrying amount of assets collateralizing the Bank Guarantee Fund. Every year, on 1 July, the Fund is increased or decreased, as appropriate, depending on the amount underlying the calculation of the mandatory reserve amount.
** All liabilities under the cooperation agreement on VISA/MasterCard payment card personalization, handling and clearing transactions made in Poland and abroad with the use of VISA/MasterCard cards of Bank Pocztowy S.A. and credit card account management are collateralized.
*** The collateral covers the obligation to buy back securities under sell-buy-back transactions.
| Balance as at | |||
|---|---|---|---|
| 31 December 2014 | |||
| Bank’s assets used as collateral | Liability type | Nominal value of collateralized liabilities | Carrying amount of assets used as collateral |
| PLN’000 | PLN’000 | ||
| Treasury bonds | Capital Guarantee Fund * | 34 415 | 37 383 |
| Pledge under cooperation agreement on payment and credit card services ** | zmienne | 9 088 | |
| Liabilities from securities sold under repo and sell-buy-back agreements *** | 177 674 | 177 701 | |
| Total | 212 089 | 224 172 |
* The collateral covers the value of the Bank Guarantee Fund in accordance with Article 25 of the Act on Bank Guarantee Fund of 14 December 1994 (consolidated text: Journal of Laws of 2014 No. 1866). Treasury bonds with term to maturity compliant with the requirements of the applicable Act constitute the carrying amount of assets collateralizing the Bank Guarantee Fund. Every year, on 1 July, the Fund is increased or decreased, as appropriate, depending on the amount underlying the calculation of the mandatory reserve amount.
** All liabilities under the cooperation agreement on VISA/MasterCard payment card personalization, handling and clearing transactions made in Poland and abroad with the use of VISA/MasterCard cards of Bank Pocztowy S.A. and credit card account management are collateralized.
*** The collateral covers the obligation to buy back securities under sell-buy-back transactions.