Notes to the consolidated financial statements
46.1 Credit risk
Credit risk is the risk assumed by the Group under credit transactions and resulting in its inability to recover the amounts disbursed, loss of income or a financial loss. It is the outcome of credit product development and launch as well as the lending process on the one hand and measures employed with a view to reducing the probability of losses, on the other. The Group’s credit risk includes both counterparty and settlement risk.
When developing its current credit risk management policy, the Group aims to maintain the risk appetite level, i.e. NPL, NPL cover ratio and the vintage curve. Other factors taken into account include maintaining an appropriate level of equity, compliance with the credit limits set by the Group, analyzing both strengths and weaknesses of the Group’s lending process and anticipating the opportunities and threats for its further growth. The Group’s acceptable credit risk policy also takes into account cyclicality of economic processes and changes in the credit portfolio itself.
The Group has adopted the following principles for the credit risk management process:
- analyzing credit risk of individual exposures, the entire portfolio and the capital requirement related to credit risk,
- applying internal and external limits arising from risk appetite in various areas of the credit portfolio and from the Banking Law and implemented recommendations of Polish Financial Supervision Authority, respectively;
- functions related to direct analysis of applications, risk assessment and credit related decision making are separated from those focused on customer attraction (sales of banking products);
- credit capacity and creditworthiness are the main criteria underlying all credit transactions with customers,
- credit decisions are made in the Group in accordance with procedures and competencies determined in internal regulations on credit risk assessment and credit decision making,
- from conclusion to full settlement, each credit transaction is monitored in terms of utilization, timely repayment, legal security, equity and organizational relationships of the obligor and, in the case of institutional customers, also in terms of their current economic and financial position,
- the financial and economic standing of each insurance company supplying credit collateral, as well as delivery of insurance policies and assignment of rights related thereto by customers are monitored on a regular basis,
- developments in the real estate market as well as the legal and economic assumptions and framework for valuation of property provided as collateral for credit exposures are monitored on a periodic basis.
Credit risk management in the Group is based on written instructions and procedures defining the methods of identification, measurement, monitoring, limiting and reporting of credit risk. The regulations determine the scope of competencies assigned to each unit of the Group in the credit risk management process.
In order to determine the credit risk level, the Group uses the following measures:
- probability of default (PD);
- recovery rate (RR);
- loss given default (LGD);
- loss identification period (LIP);
- share and structure of non-performing loans (NPL);
- coverage of non-performing loans with impairment losses (NPL coverage);
- scoring model efficiency measures (among others GINI, PSI ratio);
- cost of risk.
The Group carries out regular review of implementation of the adopted credit risk management policy. The following systems and ratios are subject to review and modification:
- internal regulations regarding customer’s credit risk assessment and monitoring, as well as verification of the value of legal security, which are adjusted to changing market conditions, business specifics of each customer type (group), loan purpose and determination of the minimum requirements regarding the obligatory forms of legal security;
- internal system of limiting credit activities and determining decision-making powers regarding loans;
- a system of identifying, assessing and reporting credit risk to Credit Committees, Management and Supervisory Board of the Bank;
- maximum adequacy levels of ratios used to assess credit risk and acceptable forms of own contribution for retail housing loans;
- scoring models and IT tools used in the credit risk management process.
The Group’s reporting system includes among others:
- reporting on credit risk level, to include vintage analyses, information regarding the use of limits, quality and efficiency of credit processes;
- reports on stress tests, limit review and back-test analyses for impairment losses;
- analyses of real property market and verification of the current value of security for credit exposures;
- review of implemented credit risk policy.
The Group prepares the following cyclical reports on its credit risk exposure:
- monthly report for the Management Board and Credit Committee of the Bank,
- quarterly report for the Supervisory and Management Board.
Maximum credit risk exposure (by classes of financial instruments)
Net carrying amount | ||
---|---|---|
Balance as at | Balance as at | |
31 December 2016 | 31 December 2015 | |
PLN’000 | PLN’000 | |
Cash in hand and deposits with the Central Bank | 65 365 | 426 875 |
Receivables from other banks | 45 898 | 45 346 |
Receivables from securities purchased under reverse repo and buy-sell-back agreements | 0 | 19 794 |
Financial assets held for trading | 695 | 603 |
Financial hedges | 1 146 | 1 140 |
Loans and advances granted to clients, including: | 5 154 339 | 5 312 882 |
- individuals | 4 461 981 | 4 534 691 |
- institutional clients | 486 850 | 525 366 |
- local authorities | 205 508 | 252 825 |
Investments in financial assets available for sale: | 1 175 686 | 803 347 |
- quoted | 1 078 679 | 788 533 |
- not quoted | 97 007 | 14 814 |
Investments in financial assets held to maturity: | 288 871 | 444 690 |
- quoted | 288 871 | 424 481 |
- not quoted | 0 | 20 209 |
Other assets | 46 449 | 38 189 |
Total | 6 778 449 | 7 092 866 |
Additionally, the Group is exposed to credit risk arising from concluded transactions recognized as extended off-balance sheet liabilities. The maximum exposure to credit risk related to the said transactions is expressed by their off-balance sheet value presented in Note 40.
In order to prevent overly concentration of exposures, the Group applies internal and external limits arising from risk appetite in various areas of the credit portfolio and Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012 (“CRR”) and from the Banking Law and implemented recommendations of the Polish Financial Supervision Authority. The detailed list of lending limits adopted and monitored by the Group has been determined by internal regulations on lending limits. The Group applies internal exposure concentration limits and reference levels for an individual:
- industry type;
- collateral type;
- product type;
- customer type.
Individual limits are monitored on a monthly basis and appropriate credit risk management reports are drawn up regularly. The Group reviews and, wherever necessary, changes and specifies appropriate limit parameters reflecting the current and target credit portfolio structure in accordance with the risk appetite assumed.
The Group operates only in Poland. The following tables present balance sheet and off-balance sheet exposure regarding loans and advances granted to customers in each province.
Geographical structure of the credit portfolio (net carrying amounts)
Loans and advances granted to clients, including: | Net share in the loan portfolio | ||||||||
---|---|---|---|---|---|---|---|---|---|
Balance as at | individuals | institutional clients | local authorities | Total | |||||
31 December 2016 | overdraft facilities | cash loans and installment loans | mortgage loans | real estate loans | credit card debt | ||||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | % | |
Mazowieckie | 2 199 | 178 373 | 22 206 | 394 142 | 1 333 | 52 498 | 8 943 | 659 694 | 12,9% |
Wielkopolskie | 3 988 | 223 146 | 28 724 | 291 165 | 1 836 | 36 404 | 15 209 | 600 472 | 11,7% |
Kujawsko-pomorskie | 3 333 | 140 273 | 23 837 | 306 749 | 1 048 | 41 221 | 21 522 | 537 983 | 10,4% |
Dolnośląskie | 987 | 216 791 | 13 945 | 242 357 | 948 | 60 404 | 19 922 | 555 354 | 10,8% |
Śląskie | 2 915 | 235 748 | 26 482 | 125 695 | 1 588 | 27 314 | 19 550 | 439 292 | 8,5% |
Pomorskie | 1 436 | 129 599 | 14 476 | 201 430 | 950 | 57 911 | 6 489 | 412 291 | 8,0% |
Łódzkie | 1 112 | 113 391 | 17 349 | 144 436 | 717 | 51 322 | 14 086 | 342 413 | 6,6% |
Warmińsko-mazurskie | 890 | 93 896 | 5 957 | 124 720 | 549 | 42 532 | 44 181 | 312 725 | 6,1% |
Zachodniopomorskie | 2 075 | 136 033 | 9 533 | 106 259 | 945 | 46 003 | 3 908 | 304 756 | 5,9% |
Małopolskie | 1 575 | 125 384 | 12 197 | 109 847 | 928 | 13 457 | 15 945 | 279 333 | 5,4% |
Lubuskie | 875 | 81 004 | 10 985 | 68 207 | 613 | 28 848 | 7 546 | 198 078 | 3,8% |
Lubelskie | 1 446 | 87 071 | 4 165 | 59 516 | 654 | 19 994 | 8 345 | 181 191 | 3,5% |
Podkarpackie | 610 | 68 967 | 1 272 | 34 679 | 610 | 6 473 | 19 513 | 132 124 | 2,6% |
Opolskie | 382 | 42 674 | 1 451 | 21 183 | 314 | 982 | 349 | 67 335 | 1,3% |
Świętokrzyskie | 450 | 50 387 | 1 003 | 21 200 | 379 | 842 | 0 | 74 261 | 1,4% |
Podlaskie | 535 | 28 386 | 232 | 26 918 | 296 | 642 | 0 | 57 009 | 1,1% |
Not assigned | 8 | 16 | 1 | 0 | 0 | 3 | 0 | 28 | 0,0% |
Total | 24 816 | 1 951 139 | 193 815 | 2 278 503 | 13 708 | 486 850 | 205 508 | 5 154 339 | 100,0% |
Loans and advances granted to clients, including: | Net share in the loan portfolio | ||||||||
---|---|---|---|---|---|---|---|---|---|
Balance as at | individuals | institutional clients | local authorities | Total | |||||
31 December 2015 | overdraft facilities | cash loans and installment loans | mortgage loans | real estate loans | credit card debt | ||||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | % | |
Mazowieckie | 2 487 | 177 064 | 24 999 | 403 584 | 1 393 | 68 082 | 10 920 | 688 529 | 13,1% |
Wielkopolskie | 4 784 | 214 177 | 31 343 | 305 456 | 1 903 | 47 435 | 23 617 | 628 715 | 11,8% |
Dolnośląskie | 1 222 | 216 742 | 14 345 | 244 294 | 998 | 56 043 | 27 478 | 561 122 | 10,6% |
Kujawsko-pomorskie | 3 740 | 135 580 | 26 041 | 318 499 | 1 133 | 41 849 | 25 692 | 552 534 | 10,4% |
Śląskie | 3 327 | 250 570 | 30 060 | 132 729 | 1 764 | 30 710 | 21 981 | 471 141 | 8,9% |
Pomorskie | 1 605 | 125 712 | 16 120 | 208 999 | 905 | 56 324 | 7 210 | 416 875 | 7,8% |
Łódzkie | 1 309 | 113 098 | 19 606 | 151 843 | 760 | 60 965 | 14 983 | 362 564 | 6,8% |
Warmińsko-mazurskie | 1 046 | 85 959 | 6 612 | 127 511 | 560 | 41 353 | 48 050 | 311 091 | 5,9% |
Zachodniopomorskie | 2 466 | 127 145 | 10 777 | 113 037 | 1 055 | 48 919 | 4 535 | 307 934 | 5,8% |
Małopolskie | 1 824 | 119 421 | 13 569 | 116 097 | 1 019 | 13 987 | 25 912 | 291 829 | 5,5% |
Lubuskie | 880 | 73 800 | 12 021 | 71 520 | 676 | 26 341 | 8 509 | 193 747 | 3,6% |
Lubelskie | 1 578 | 86 227 | 5 173 | 62 774 | 666 | 25 530 | 9 803 | 191 751 | 3,6% |
Podkarpackie | 799 | 65 580 | 1 407 | 36 765 | 498 | 5 096 | 23 734 | 133 879 | 2,5% |
Świętokrzyskie | 534 | 46 186 | 1 083 | 21 951 | 398 | 888 | 0 | 71 040 | 1,3% |
Opolskie | 446 | 44 598 | 1 652 | 22 128 | 302 | 1 024 | 399 | 70 549 | 1,3% |
Podlaskie | 560 | 28 145 | 260 | 29 356 | 282 | 778 | 0 | 59 381 | 1,1% |
Not assigned | 2 | 33 | 11 | 109 | 2 | 42 | 2 | 201 | 0,0% |
Total | 28 609 | 1 910 037 | 215 079 | 2 366 652 | 14 314 | 525 366 | 252 825 | 5 312 882 | 100,0% |
Geographical structure of the credit portfolio (net off-balance sheet amounts)
The net value of off-balance sheet exposure regarding loans and advances includes the amount of provisions for off-balance sheet exposures, presented in Note 34.
Loans and advances granted to clients, including: | Share in off-balance sheet net exposure |
||||||||
---|---|---|---|---|---|---|---|---|---|
Balance as at | individuals | institutional clients | local authorities | Total | |||||
31 December 2016 | overdraft facilities | cash loans and installment loans | mortgage loans | real estate loans | credit card debt | ||||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | % | |
Mazowieckie | 2 976 | 419 | 0 | 1 737 | 1 331 | 85 135 | 0 | 91 598 | 50,0% |
Dolnośląskie | 841 | 796 | 30 | 2 149 | 753 | 15 676 | 0 | 20 245 | 11,0% |
Pomorskie | 1 013 | 526 | 0 | 1 528 | 819 | 7 517 | 0 | 11 403 | 6,2% |
Śląskie | 2 389 | 314 | 0 | 501 | 1 134 | 5 977 | 0 | 10 315 | 5,6% |
Kujawsko-pomorskie | 3 774 | 363 | 0 | 1 238 | 1 139 | 2 344 | 0 | 8 858 | 4,8% |
Wielkopolskie | 4 102 | 263 | 0 | 391 | 1 746 | 1 446 | 0 | 7 948 | 4,3% |
Łódzkie | 1 227 | 191 | 80 | 393 | 464 | 4 158 | 0 | 6 513 | 3,6% |
Zachodniopomorskie | 1 861 | 697 | 0 | 27 | 853 | 2 367 | 0 | 5 805 | 3,2% |
Warmińsko-mazurskie | 734 | 223 | 0 | 390 | 411 | 3 311 | 0 | 5 069 | 2,8% |
Małopolskie | 1 672 | 200 | 0 | 833 | 1 161 | 170 | 0 | 4 036 | 2,2% |
Lubuskie | 1 035 | 84 | 0 | 466 | 366 | 1 252 | 0 | 3 203 | 1,7% |
Lubelskie | 2 089 | 81 | 0 | 194 | 782 | 55 | 0 | 3 201 | 1,7% |
Podkarpackie | 1 008 | 41 | 0 | 0 | 926 | 344 | 0 | 2 319 | 1,3% |
Podlaskie | 840 | 98 | 0 | 100 | 217 | 18 | 0 | 1 273 | 0,7% |
Świętokrzyskie | 625 | 15 | 0 | 0 | 267 | 20 | 0 | 927 | 0,5% |
Opolskie | 353 | 41 | 0 | 5 | 321 | 10 | 0 | 730 | 0,4% |
Not assigned | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0,0% |
Total | 26 539 | 4 352 | 111 | 9 952 | 12 690 | 129 800 | 0 | 183 444 | 100,0% |
Loans and advances granted to clients, including: | Share in off-balance sheet net exposure |
||||||||
---|---|---|---|---|---|---|---|---|---|
Balance as at | individuals | institutional clients | local authorities | Total | |||||
31 December 2015 | overdraft facilities | cash loans and installment loans | mortgage loans | real estate loans | credit card debt | ||||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | % | |
Mazowieckie | 3 206 | 4 424 | 0 | 3 736 | 1 092 | 95 051 | 0 | 107 509 | 49,7% |
Śląskie | 2 516 | 3 308 | 0 | 365 | 1 357 | 8 572 | 0 | 16 118 | 7,4% |
Łódzkie | 1 364 | 1 606 | 0 | 652 | 514 | 9 607 | 0 | 13 743 | 6,3% |
Dolnośląskie | 1 003 | 3 660 | 0 | 2 233 | 705 | 5 215 | 0 | 12 816 | 5,9% |
Kujawsko-pomorskie | 3 953 | 926 | 0 | 1 749 | 806 | 4 150 | 0 | 11 584 | 5,3% |
Wielkopolskie | 4 332 | 1 756 | 0 | 600 | 1 441 | 1 257 | 0 | 9 386 | 4,3% |
Pomorskie | 1 230 | 615 | 0 | 456 | 770 | 5 796 | 0 | 8 867 | 4,1% |
Warmińsko-mazurskie | 844 | 849 | 0 | 428 | 464 | 3 753 | 0 | 6 338 | 2,9% |
Małopolskie | 1 546 | 1 075 | 28 | 930 | 1 112 | 1 189 | 0 | 5 880 | 2,7% |
Lubuskie | 1 126 | 601 | 0 | 130 | 415 | 3 545 | 0 | 5 817 | 2,7% |
Zachodniopomorskie | 2 011 | 1 576 | 0 | 392 | 648 | 1 076 | 0 | 5 703 | 2,6% |
Lubelskie | 2 713 | 338 | 0 | 606 | 618 | 608 | 0 | 4 883 | 2,3% |
Podkarpackie | 1 077 | 660 | 0 | 254 | 895 | 310 | 0 | 3 196 | 1,5% |
Podlaskie | 1 274 | 398 | 0 | 194 | 237 | 38 | 0 | 2 141 | 1,0% |
Świętokrzyskie | 729 | 356 | 0 | 93 | 288 | 27 | 0 | 1 493 | 0,7% |
Opolskie | 357 | 545 | 0 | 49 | 299 | 13 | 0 | 1 263 | 0,6% |
Not assigned | 2 | 0 | 0 | 2 | 1 | 2 | 0 | 7 | 0,0% |
Total | 29 283 | 22 693 | 28 | 12 869 | 11 662 | 140 209 | 0 | 216 744 | 100,0% |
Industry structure of the credit portfolio
The following table presents the Group’s exposure concentration by industry. The Group’s portfolio is dominated by loans granted to individuals.
31 December 2016 | 31 December 2015 | |||||||
---|---|---|---|---|---|---|---|---|
Net carrying amount |
Net off-balance sheet amount |
Total net credit exposure | Interest (%) | Net carrying amount |
Net off-balance sheet amount |
Total net credit exposure | Interest (%) | |
PLN’000 | PLN’000 | PLN’000 | % | PLN’000 | PLN’000 | PLN’000 | % | |
Individuals | 4 461 981 | 53 644 | 4 515 625 | 84,5% | 4 534 691 | 76 535 | 4 611 226 | 83,4% |
Real estate market services | 343 652 | 42 775 | 386 427 | 7,2% | 338 923 | 42 771 | 381 694 | 6,9% |
Public administration, national defense, mandatory social insurance | 205 508 | 0 | 205 508 | 3,9% | 252 825 | 0 | 252 825 | 4,6% |
Other activities | 55 238 | 86 826 | 142 064 | 2,7% | 98 707 | 96 475 | 195 182 | 3,5% |
Accommodation | 21 663 | 6 | 21 669 | 0,4% | 21 941 | 99 | 22 040 | 0,4% |
Manufacture of paper and paper products | 16 377 | 20 | 16 397 | 0,3% | 19 998 | 597 | 20 595 | 0,4% |
Manufacturing of other products | 15 341 | 1 | 15 342 | 0,3% | 16 372 | 0 | 16 372 | 0,3% |
Financial services except for insurance and pension funds | 8 233 | 55 | 8 288 | 0,2% | 0 | 0 | 0 | 0,0% |
Education | 11 053 | 0 | 11 053 | 0,2% | 13 309 | 26 | 13 335 | 0,2% |
Wholesale, excluding motor vehicles | 8 827 | 28 | 8 855 | 0,2% | 9 116 | 84 | 9 200 | 0,2% |
Specialist construction | 6 466 | 89 | 6 555 | 0,1% | 7 000 | 157 | 7 157 | 0,1% |
Total | 5 154 339 | 183 444 | 5 337 783 | 100,0% | 5 312 882 | 216 744 | 5 529 626 | 100,0% |
Group’s gross exposure to ten key customers
Balance as at | |||||
---|---|---|---|---|---|
31 December 2016 | |||||
Debtor | Industry according to Polish Classification of Activity | Total exposure | Gross on-balance sheet exposure | Off-balance sheet exposure | Share in the gross credit portfolio |
PLN’000 | PLN’000 | PLN’000 | |||
Client 1 | Postal and courier services | 85 000 | 0 | 85 000 | 1,6% |
Client 2 | Real estate market services | 26 300 | 20 831 | 5 469 | 0,5% |
Client 3 | Manufacturing of other products | 15 395 | 15 395 | 0 | 0,3% |
Client 4 | Accommodation | 14 956 | 14 951 | 5 | 0,3% |
Client 5 | Manufacture of paper and paper products | 14 663 | 14 663 | 0 | 0,3% |
Client 6 | Public administration, national defense, mandatory social insurance | 14 002 | 14 002 | 0 | 0,3% |
Client 7 | Public administration, national defense, mandatory social insurance | 13 377 | 13 377 | 0 | 0,2% |
Client 8 | Public administration, national defense, mandatory social insurance | 12 410 | 12 410 | 0 | 0,2% |
Client 9 | Public administration, national defense, mandatory social insurance | 9 601 | 9 601 | 0 | 0,2% |
Client 10 | Public administration, national defense, mandatory social insurance | 9 183 | 9 183 | 0 | 0,2% |
214 887 | 124 413 | 90 474 | 4,1% |
Balance as at | |||||
---|---|---|---|---|---|
31 December 2015 | |||||
Debtor | Industry according to Polish Classification of Activity | Total exposure | Gross on-balance sheet exposure | Off-balance sheet exposure | Share in the gross credit portfolio |
PLN’000 | PLN’000 | PLN’000 | |||
Client 1 | Postal and courier services | 85 000 | 0 | 85 000 | 1,5% |
Client 2 | Real estate market services | 27 839 | 19 671 | 8 168 | 0,5% |
Client 3 | Manufacture of paper and paper products | 19 344 | 18 834 | 510 | 0,3% |
Client 4 | Public administration, national defense, mandatory social insurance | 18 501 | 18 501 | 0 | 0,3% |
Client 5 | Manufacturing of other products | 16 528 | 16 528 | 0 | 0,3% |
Client 6 | Accommodation | 15 840 | 15 762 | 78 | 0,3% |
Client 7 | Real estate market services | 15 523 | 15 395 | 128 | 0,3% |
Client 8 | Public administration, national defense, mandatory social insurance | 14 207 | 14 207 | 0 | 0,3% |
Client 9 | Public administration, national defense, mandatory social insurance | 14 101 | 14 101 | 0 | 0,3% |
Client 10 | Building construction | 11 459 | 2 958 | 8 501 | 0,2% |
238 342 | 135 957 | 102 385 | 4,3% |
Quality structure
The Group has identified the following quality structure of financial assets:
- current, no indications of impairment;
- overdue, no indications of impairment;
- with indications of impairment, but no impairment has been detected;
- with indications of impairment identified, impairment detected, the related loss recognized.
The following tables present the summary of the above quality classes of each financial assets type as at 31 December 2016 and 31 December 2015.
A. Quality structure of receivables from other banks
|
Balance as at |
Balance as at |
||||||
---|---|---|---|---|---|---|---|---|
|
31 December 2016 |
31 December 2015 |
||||||
|
Gross carrying amount |
Allowance |
Net carrying amount |
Share |
Gross carrying amount |
Allowance |
Net carrying amount |
Share |
PLN’000 |
PLN’000 |
PLN’000 |
% |
PLN’000 |
PLN’000 |
PLN’000 |
% |
|
Current receivables from other banks, no impairment indication |
45,898 |
0 |
45,898 |
100.0% |
45,346 |
0 |
45,346 |
100.0% |
Total |
45,898 |
0 |
45,898 |
100.0% |
45,346 |
0 |
45,346 |
100.0% |
B. Quality structure of investment assets
|
Balance as at |
Balance as at |
||||||
---|---|---|---|---|---|---|---|---|
|
31 December 2016 |
31 December 2015 |
||||||
|
Gross carrying amount |
Allowance |
Net carrying amount |
Share |
Gross carrying amount |
Allowance |
Net carrying amount |
Share |
PLN’000 |
PLN’000 |
PLN’000 |
% |
PLN’000 |
PLN’000 |
PLN’000 |
% |
|
Current investments in financial assets, no indications of impairment |
1,464,557 |
0 |
1,464,557 |
100.0% |
1,248,037 |
0 |
1,248,037 |
100.0% |
Total |
1,464,557 |
0 |
1,464,557 |
100.0% |
1,248,037 |
0 |
1,248,037 |
100.0% |
C. Quality structure of loans and advances granted to customers
Balance as at | Gross carrying amount | Allowance | Net carrying amount | Share in net on-balance sheet exposure |
Gross off-balance sheet amount | Provision | Net off-balance sheet amount | Share in net off-balance sheet exposure |
---|---|---|---|---|---|---|---|---|
31 December 2016 | ||||||||
PLN’000 | PLN’000 | PLN’000 | % | PLN’000 | PLN’000 | PLN’000 | % | |
Current loans and advances with no impairment indication | 4 737 389 | 13 343 | 4 724 046 | 91,7% | 182 300 | 161 | 182 139 | 99,4% |
Overdue loans and advances with no impairment indication | 220 881 | 24 395 | 196 486 | 3,8% | 1 033 | 29 | 1 004 | 0,5% |
Loans and advances with indications of impairment, but no impairment detected | 27 711 | 229 | 27 482 | 0,5% | 28 | 0 | 28 | 0,0% |
Loans and advances with indications of impairment identified, impairment and the related loss recognized | 486 171 | 279 846 | 206 325 | 4,0% | 331 | 58 | 273 | 0,1% |
Total | 5 472 152 | 317 813 | 5 154 339 | 100,0% | 183 692 | 248 | 183 444 | 100,0% |
Balance as at | Gross carrying amount | Allowance | Net carrying amount | Share in net on-balance sheet exposure |
Gross off-balance sheet amount | Provision | Net off-balance sheet amount | Share in net off-balance sheet exposure |
---|---|---|---|---|---|---|---|---|
31 December 2015 | ||||||||
PLN’000 | PLN’000 | PLN’000 | % | PLN’000 | PLN’000 | PLN’000 | % | |
Current loans and advances with no impairment indication | 4 929 904 | 10 812 | 4 919 092 | 92,6% | 215 815 | 276 | 215 539 | 99,5% |
Overdue loans and advances with no impairment indication | 194 318 | 14 790 | 179 528 | 3,4% | 549 | 18 | 531 | 0,2% |
Loans and advances with indications of impairment, but no impairment detected | 28 429 | 439 | 27 990 | 0,5% | 247 | 2 | 245 | 0,1% |
Loans and advances with indications of impairment identified, impairment and the related loss recognized | 389 838 | 203 566 | 186 272 | 3,5% | 539 | 110 | 429 | 0,2% |
Total | 5 542 489 | 229 607 | 5 312 882 | 100,0% | 217 150 | 406 | 216 744 | 100,0% |
Loans and advances granted to customers: current, no impairment indication
Loans and advances granted to customers, not overdue and without impairment indication, bear an acceptable level of credit risk. The Group does not apply internal ratings to determine capital requirements for credit risk, hence a more detailed quality structure of the current portfolio (using internal ratings) is not presented.
Balance as at | Balance as at | |
---|---|---|
31 December 2016 | 31 December 2015 | |
PLN’000 | PLN’000 | |
individuals | 4 112 245 | 4 219 741 |
- overdraft facilities | 21 853 | 24 495 |
- cash loans and installment loans | 1 717 382 | 1 721 316 |
- mortgage loans | 160 717 | 177 782 |
- real estate loans | 2 200 775 | 2 284 290 |
- credit card debt | 11 518 | 11 858 |
institutional clients | 419 598 | 457 321 |
local authorities | 205 546 | 252 842 |
Total | 4 737 389 | 4 929 904 |
Allowance | 13 343 | 10 812 |
Total net amount | 4 724 046 | 4 919 092 |
Off-balance sheet gross amount | 182 300 | 215 815 |
Off-balance sheet allowance | 161 | 276 |
Off-balance sheet net amount | 182 139 | 215 539 |
Loans and advances granted to customers: overdue, no impairment indication
The following tables present the aging analysis of overdue loans and advances granted to customers with no indications of impairment.
Balance as at | ||||
---|---|---|---|---|
31 December 2016 | 1 – 30 days | 31 – 60 days | 61 – 90 days | Total |
PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals | 161 215 | 36 933 | 19 529 | 217 677 |
- overdraft facilities | 760 | 136 | 124 | 1 020 |
- cash loans and installment loans | 105 210 | 28 895 | 16 621 | 150 726 |
- mortgage loans | 12 918 | 1 658 | 906 | 15 482 |
- real estate loans | 41 638 | 6 049 | 1 733 | 49 420 |
- credit card debt | 689 | 195 | 145 | 1 029 |
institutional clients | 2 944 | 258 | 2 | 3 204 |
local authorities | 0 | 0 | 0 | 0 |
Total gross amount | 164 159 | 37 191 | 19 531 | 220 881 |
Allowance | 10 437 | 7 366 | 6 592 | 24 395 |
Total net amount | 153 722 | 29 825 | 12 939 | 196 486 |
Off-balance sheet gross amount | 916 | 94 | 23 | 1 033 |
Off-balance sheet allowance | 19 | 7 | 3 | 29 |
Off-balance sheet net amount | 897 | 87 | 20 | 1 004 |
Balance as at | ||||
---|---|---|---|---|
31 December 2015 | 1 – 30 days | 31 – 60 days | 61 – 90 days | Total |
PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals | 142 860 | 33 487 | 14 501 | 190 848 |
- overdraft facilities | 1 307 | 267 | 79 | 1 653 |
- cash loans and installment loans | 87 136 | 25 203 | 12 071 | 124 410 |
- mortgage loans | 12 595 | 1 671 | 313 | 14 579 |
- real estate loans | 41 180 | 6 180 | 1 906 | 49 266 |
- credit card debt | 642 | 166 | 132 | 940 |
institutional clients | 3 052 | 188 | 230 | 3 470 |
local authorities | 0 | 0 | 0 | 0 |
Total gross amount | 145 912 | 33 675 | 14 731 | 194 318 |
Allowance | 5 712 | 4 822 | 4 256 | 14 790 |
Total net amount | 140 200 | 28 853 | 10 475 | 179 528 |
Off-balance sheet gross amount | 467 | 67 | 15 | 549 |
Off-balance sheet allowance | 11 | 5 | 2 | 18 |
Off-balance sheet net amount | 456 | 62 | 13 | 531 |
Loans and advances granted to customers with indications of impairment, but no impairment detected
The following tables present loans and advances granted to customers, with indication of impairment, but with no impairment detected, including the financial effect of collateral on the impairment loss.
Balance as at | With indications of impairment, but no impairment detected, including: | |||||||
---|---|---|---|---|---|---|---|---|
31 December 2016 | Gross carrying amount |
Gross off-balance sheet amount |
Allowance recognized excluding financial effect of security | Financial effect of security included in the allowance | Allowance recognized including the financial effect of security | |||
On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | |||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals | 1 507 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
institutional clients | 26 204 | 28 | 6 170 | 28 | 5 941 | 28 | 229 | 0 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 27 711 | 28 | 6 170 | 28 | 5 941 | 28 | 229 | 0 |
Balance as at | With indications of impairment, but no impairment detected, including: | |||||||
---|---|---|---|---|---|---|---|---|
31 December 2015 | Gross carrying amount |
Gross off-balance sheet amount |
Allowance recognized excluding financial effect of security | Financial effect of security included in the allowance | Allowance recognized including the financial effect of security | |||
On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | |||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
institutional clients | 28 429 | 247 | 8 583 | 108 | 8 144 | 106 | 439 | 2 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 28 429 | 247 | 8 583 | 108 | 8 144 | 106 | 439 | 2 |
Loans and advances granted to customers with indications of impairment identified, impairment and the related loss recognized
The following tables present loans and advances granted to customers, with indication of impairment, impairment detected and impairment loss recognized, including the financial effect of collateral on the impairment loss.
With indications of impairment identified, impairment detected, the related loss recognized, including: | ||||||||
---|---|---|---|---|---|---|---|---|
Balance as at | Gross carrying amount |
Gross off-balance sheet amount |
Allowance recognized excluding financial effect of security | Financial effect of security included in the allowance | Allowance recognized including the financial effect of security | |||
31 December 2016 | On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | ||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals | 402 603 | 291 | 238 273 | 54 | 2 881 | 0 | 235 392 | 54 |
- overdraft facilities | 5 984 | 6 | 3 735 | 1 | 0 | 0 | 3 735 | 1 |
- cash loans and installment loans | 293 239 | 3 | 175 596 | 2 | 0 | 0 | 175 596 | 2 |
- mortgage loans | 36 512 | 0 | 19 825 | 0 | 1 153 | 0 | 18 672 | 0 |
- real estate loans | 62 888 | 48 | 36 547 | 9 | 1 728 | 0 | 34 819 | 9 |
- overdraft facilities on credit cards |
3 980 | 234 | 2 570 | 42 | 0 | 0 | 2 570 | 42 |
institutional clients | 83 568 | 40 | 58 500 | 4 | 14 046 | 0 | 44 454 | 4 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 486 171 | 331 | 296 773 | 58 | 16 927 | 0 | 279 846 | 58 |
With indications of impairment identified, impairment detected, the related loss recognized, including: | ||||||||
---|---|---|---|---|---|---|---|---|
Balance as at | Gross carrying amount |
Gross off-balance sheet amount |
Allowance recognized excluding financial effect of security | Financial effect of security included in the allowance | Allowance recognized including the financial effect of security | |||
31 December 2015 | On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | On-balance sheet | Off-balance sheet | ||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals | 300 766 | 431 | 156 589 | 95 | 2 790 | 0 | 153 799 | 95 |
- overdraft facilities | 6 330 | 13 | 3 520 | 3 | 0 | 0 | 3 520 | 3 |
- cash loans and installment loans | 185 551 | 3 | 100 451 | 1 | 0 | 0 | 100 451 | 1 |
- mortgage loans | 36 237 | 0 | 16 049 | 0 | 2 790 | 0 | 13 259 | 0 |
- real estate loans | 68 478 | 48 | 34 125 | 20 | 0 | 0 | 34 125 | 20 |
- overdraft facilities on credit cards |
4 170 | 367 | 2 444 | 71 | 0 | 0 | 2 444 | 71 |
institutional clients | 89 072 | 108 | 69 277 | 15 | 19 510 | 0 | 49 767 | 15 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 389 838 | 539 | 225 866 | 110 | 22 300 | 0 | 203 566 | 110 |
The financial effect of recovery based on collateral for receivables analyzed on a case-by-case basis amounted to PLN 22.9 million as at 31 December 2016 and PLN 30.4 million as at 31 December 2015. This amount would increase the required impairment losses and provisions if cash flows related to the collateral were not included in the calculation.
In such a case, the total value of impairment losses for the credit portfolio of the Group would amount to PLN 340.7 million as at 31 December 2016 and PLN 260.5 million as at 31 December 2015.
The Group uses the following collateral and other items improving the lending terms:
- mortgage recorded in the land and mortgage register as a senior lien or junior lien (if the total value of all liens does not exceed 50% of the market value of the property). Liens representing 100% of the transaction value are recorded to collateralize principal increased by at least 60% of the transaction value to secure payment of interest, fees and charges as well as the Bank’s costs related to the obligor’s delinquencies;
- assignment of rights under property insurance policies covering fire and other accidents;
- blank promissory note with a promissory note agreement for the Group;
- for construction of a house/premises – assignment of receivables under the construction contract concluded with the property developer/housing cooperative;
- transfer of the obligor’s cash to the Group’s account pursuant to Article 102 of the Banking Law (deposits);
- registered pledge blocking the rights attached to securities issued by the State Treasury and the National Bank of Poland (treasury bills and bonds);
- assignment of rights arising from participation units in an investment fund management company accepted by the Group;
- assignment of rights under an insurance policy taken out from an insurance undertaking accepted by the Group;
- financial pledge, registered pledge, assignment, deposit or blocking of other investment products approved on a case-by-case basis when making the loan decision.
As at 31 December 2016 the fair value of mortgage collateral for the related exposures, calculated as the market price in principle determined by an appraiser, amounted to 4,307.8 million compared to PLN 4,479.2 million as at 31 December 2015.
Forbearance of loans
Forbearance of selected credit exposures means a forced modification of the initial repayment terms as determined in a loan agreement following a motion of the bank or obligor, resulting from inability to repay the loan on the initial terms due to an event that has deteriorated the financial standing of the obligor and resulted in repayment arrears or adversely affected the repayment projections. The purpose of the forbearance procedures is to:
- adjust the terms of repayment of liabilities arising from a credit transaction to the current solvency level of a debtor;
- allow the debt restructuring by a debtor without the Group's commencing collection procedures that make the entire debt immediately payable and further reduce debtor’s solvency;
- improve the collection standing of the Group through acceptance of additional security;
- allow a debtor to restructure the debt once collection procedures have been undertaken by the Group;
- minimize losses incurred by the Group.
The Group applies the following forms of debt forbearance:
- amending the repayment schedule within the initial repayment period (i.e. temporary reduction in the installment amount to the level proposed by a debtor or determined by its solvency);
- extending the loan period;
- change in the installment repayment date;
- postponing repayment deadlines;
- change in interest terms;
- assuming or accessing the debt by a third party;
- changing the repayment algorithm from decreasing to equal installments;
- determining the repayment schedule for overdrafts and revolving loans or decreasing outstanding balances;
- changing the repayment scheme: principal first, interest later;
- temporary suspension of interest repayment;
- capitalizing interest/principal;
- establishing additional collateral;
- sale of receivables;
- conversion;
- assuming collateral and offsetting it with the debt;
- concluding a new loan agreement/forbearance arrangement;
- other measures aimed at minimizing Group’s losses.
Forbearance may require concluding a new facility agreement. This concerns cases where the previous agreement was terminated and certain indications have occurred that the borrower has regained the full creditworthiness. After the disbursement the facility is marked as forborne exposure. Restructured transactions are recorded and monitored on an ongoing basis. Correct implementation of terms of a restructuring annex / new agreement / forbearance arrangement is monitored in particular for compliance with the debt repayment with deadlines and amounts determined therein. Should a threat to the implementation of a restructuring annex / new agreement / forbearance arrangement occur, the organizational unit monitoring the restructuring terms initiates measures aimed at renegotiation of these terms or commencement of collection proceedings. The record is built and updated on an ongoing basis based on relevant entries in IT systems of the Bank. Results of monitoring transactions subject to restructuring are presented on a quarterly basis at the Bank’s Credit Committee. At the end of each quarter, review of restructured transactions marking is performed under control procedures.
According to Recommendation R, restructuring is an impairment indication for credit exposure, and each restructured exposure is measured for impairment. Restructured exposures can be reclassified to non-impaired exposures after a 12-month grace period when the repayments cannot be overdue by more than 30 days at each month end and during a 24-month conditional period.
The following tables present forborne exposures as at 31 December 2016 and 31 December 2015.
Balance as at | Balance as at | |
---|---|---|
31 December 2016 | 31 December 2015 | |
PLN’000 | PLN’000 | |
Gross loans and advances granted to clients, including: | 5 472 152 | 5 542 489 |
Gross loans and advances granted to clients (forborne exposures): | 61 901 | 56 888 |
individuals: | 18 449 | 9 588 |
- cash loans and installment loans | 10 305 | 2 498 |
- mortgage loans | 2 380 | 1 645 |
- real estate loans | 5 764 | 5 445 |
institutional clients: | 43 452 | 47 300 |
- overdraft facilities | 4 588 | 4 930 |
- operating loans | 9 028 | 10 216 |
- investment loans | 24 982 | 27 355 |
- other loans | 4 854 | 4 799 |
local authorities | 0 | 0 |
Impairment allowances on loans and advances granted to clients (forborne exposures): | (20 659) | (16 229) |
Net loans and advances granted to clients (forborne exposures): | 41 242 | 40 659 |
Gross loans and advances granted to clients (forborne exposures) by changes in repayment terms * | Balance as at | Balance as at |
---|---|---|
31 December 2016 | 31 December 2015 | |
PLN’000 | PLN’000 | |
- change in repayment schedule | 42 098 | 37 750 |
- extending the loan period | 35 049 | 30 258 |
- grace period | 24 999 | 23 189 |
- determining the repayment schedule for a limit | 1 062 | 1 133 |
- change in interest calculation principles | 22 950 | 22 915 |
- debt assumption | 20 | 27 |
- change of security | 1 935 | 727 |
- debt accession | 1 390 | 910 |
- new restructuring agreement | 687 | 51 |
* Repayment terms of exposure may be changed several times.
Forborne exposures by indication of impairment as at 31 December 2016 and 31 December 2015:
Loans and advances granted to clients (gross amount) |
Impairment allowance | Loans and advances granted to clients (net amount) |
|||||
---|---|---|---|---|---|---|---|
Balance as at | |||||||
31 December 2016 | impaired | not impaired | impaired | not impaired | impaired | not impaired | Total |
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals: | 12 650 | 5 799 | 5 512 | 45 | 7 138 | 5 754 | 12 892 |
- cash loans and installment loans | 9 436 | 869 | 4 430 | 9 | 5 006 | 860 | 5 866 |
- mortgage loans | 1 511 | 869 | 434 | 8 | 1 077 | 861 | 1 938 |
- real estate loans | 1 703 | 4 061 | 648 | 28 | 1 055 | 4 033 | 5 088 |
institutional clients: | 25 174 | 18 278 | 14 939 | 163 | 10 235 | 18 115 | 28 350 |
- overdraft facilities | 4 024 | 564 | 1 660 | 5 | 2 364 | 559 | 2 923 |
- operating loans | 6 278 | 2 750 | 2 979 | 24 | 3 299 | 2 726 | 6 025 |
- investment loans | 10 559 | 14 423 | 8 469 | 129 | 2 090 | 14 294 | 16 384 |
- other loans | 4 313 | 541 | 1 831 | 5 | 2 482 | 536 | 3 018 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 37 824 | 24 077 | 20 451 | 208 | 17 373 | 23 869 | 41 242 |
Loans and advances granted to clients (gross amount) |
Impairment allowance | Loans and advances granted to clients (net amount) |
|||||
---|---|---|---|---|---|---|---|
Balance as at | |||||||
31 December 2015 | impaired | not impaired | impaired | not impaired | impaired | not impaired | Total |
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals: | 4 804 | 4 784 | 1 837 | 6 | 2 967 | 4 778 | 7 745 |
- cash loans and installment loans | 2 262 | 236 | 943 | 1 | 1 319 | 235 | 1 554 |
- mortgage loans | 649 | 996 | 137 | 1 | 512 | 995 | 1 507 |
- real estate loans | 1 893 | 3 552 | 757 | 4 | 1 136 | 3 548 | 4 684 |
institutional clients: | 25 441 | 21 859 | 14 046 | 340 | 11 395 | 21 519 | 32 914 |
- overdraft facilities | 4 476 | 454 | 2 049 | 7 | 2 427 | 447 | 2 874 |
- operating loans | 6 190 | 4 026 | 2 231 | 62 | 3 959 | 3 964 | 7 923 |
- investment loans | 10 661 | 16 694 | 8 054 | 260 | 2 607 | 16 434 | 19 041 |
- other loans | 4 114 | 685 | 1 712 | 11 | 2 402 | 674 | 3 076 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 30 245 | 26 643 | 15 883 | 346 | 14 362 | 26 297 | 40 659 |
Quality structure of forborne exposures as at 31 December 2016 and 31 December 2015:
Balance as at | Balance as at | |||||||
---|---|---|---|---|---|---|---|---|
31 December 2016 | 31 December 2015 | |||||||
Gross carrying amount |
Allowance | Net carrying amount | Share in exposure |
Gross carrying amount |
Allowance | Net carrying amount | Share in exposure |
|
PLN’000 | PLN’000 | PLN’000 | % | PLN’000 | PLN’000 | PLN’000 | % | |
Current loans and advances with no impairment indication | 18 887 | 139 | 18 748 | 45,5% | 19 771 | 247 | 19 524 | 48,0% |
Overdue loans and advances with no impairment indication | 1 899 | 40 | 1 859 | 4,5% | 775 | 4 | 771 | 1,9% |
Loans and advances with indications of impairment, but no impairment detected | 3 291 | 29 | 3 262 | 7,9% | 6 097 | 95 | 6 002 | 14,8% |
Loans and advances with indications of impairment identified, impairment and the related loss recognized | 37 824 | 20 451 | 17 373 | 42,1% | 30 245 | 15 883 | 14 362 | 35,3% |
Total | 61 901 | 20 659 | 41 242 | 100,0% | 56 888 | 16 229 | 40 659 | 100,0% |
Changes in carrying amounts of forborne exposures for each reporting period:
Net value | Gross value of exposures recognized in the period |
Gross value of exposures derecognized in the period |
Repayment of receivables in the period |
zmiana odpisów aktualizujących w okresie |
Change in impairment losses in the period Net value |
|
---|---|---|---|---|---|---|
1 January 2016 | 31 December 2016 | |||||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals: | 7 745 | 9 694 | 0 | (834) | (3 713) | 12 892 |
- cash loans and installment loans | 1 554 | 8 050 | 0 | (244) | (3 494) | 5 866 |
- mortgage loans | 1 507 | 869 | 0 | (134) | (304) | 1 938 |
- real estate loans | 4 684 | 775 | 0 | (456) | 85 | 5 088 |
institutional clients: | 32 914 | 878 | 0 | (4 725) | (717) | 28 350 |
- overdraft facilities | 2 874 | 753 | 0 | (1 095) | 391 | 2 923 |
- operating loans | 7 923 | 56 | 0 | (1 244) | (710) | 6 025 |
- investment loans | 19 041 | 0 | 0 | (2 373) | (284) | 16 384 |
- other loans | 3 076 | 69 | 0 | (13) | (114) | 3 018 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 40 659 | 10 572 | 0 | (5 559) | (4 430) | 41 242 |
Net value | Gross value of exposures recognized in the period |
Gross value of exposures derecognized in the period |
Repayment of receivables in the period |
zmiana odpisów aktualizujących w okresie |
Change in impairment losses in the period Net value |
|
---|---|---|---|---|---|---|
1 January 2015 | 31 December 2015 | |||||
PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | PLN’000 | |
individuals: | 5 889 | 2 262 | 0 | (832) | 426 | 7 745 |
- cash loans and installment loans | 476 | 1 797 | 0 | (39) | (680) | 1 554 |
- mortgage loans | 1 499 | 0 | 0 | (95) | 103 | 1 507 |
- real estate loans | 3 914 | 465 | 0 | (698) | 1 003 | 4 684 |
institutional clients: | 34 354 | 1 235 | 0 | (4 508) | 1 833 | 32 914 |
- overdraft facilities | 2 509 | 889 | 0 | (841) | 317 | 2 874 |
- operating loans | 8 789 | 346 | 0 | (2 529) | 1 317 | 7 923 |
- investment loans | 20 133 | 0 | 0 | (976) | (116) | 19 041 |
- other loans | 2 923 | 0 | 0 | (162) | 315 | 3 076 |
local authorities | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 40 243 | 3 497 | 0 | (5 340) | 2 259 | 40 659 |
Interest income on forborne exposures in 2016 and 2015:
Period | Period | |
---|---|---|
from 01.01.2016 | from 01.01.2015 | |
to 31.12.2016 | to 31.12.2015 | |
PLN’000 | PLN’000 | |
individuals: | 416 | 252 |
- cash loans and installment loans | 377 | 95 |
- mortgage loans | 21 | 38 |
- real estate loans | 18 | 119 |
institutional clients: | 129 | 830 |
- overdraft facilities | 2 | 82 |
- operating loans | 17 | 23 |
- investment loans | 62 | 598 |
- mortgage loans | 48 | 0 |
- other loans | 0 | 127 |
local authorities | 0 | 0 |
Total | 545 | 1 082 |