18. Loans and Advances to Customers
18a. Loans and advances to customers
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| 31.12.2016 | 31.12.2015 | |
|---|---|---|
| Loans and advancese | 41 972 241 | 41 852 945 |
| – to companies | 8 494 801 | 8 705 526 |
| – to private individuals | 33 159 579 | 32 729 850 |
| – to public sector | 317 861 | 417 569 |
| Receivables on account of payment cards | 712 001 | 684 841 |
| – due from companies | 22 803 | 27 481 |
| – due from private individuals | 689 198 | 657 360 |
| Purchased receivables | 141 563 | 212 369 |
| – from companies | 141 563 | 212 369 |
| – from public sector | 0 | 0 |
| Guarantees and sureties realised | 11 506 | 12 551 |
| Debt securities eligible for rediscount at Central Bank | 4 424 | 5 217 |
| Financial leasing receivables | 5 261 332 | 4 777 112 |
| Other | 5 150 | 4 509 |
| Interest | 276 739 | 280 765 |
| Total gross | 48 384 956 | 47 830 309 |
| Impairment write-offs | (1 364 913) | (1 460 928) |
| Total net | 47 020 043 | 46 369 381 |
18b. Quality of loans and advances to customers portfolio
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| 31.12.2016 | 31.12.2015 | |
|---|---|---|
| Loans and advances to customers (gross) | 48 384 956 | 47 830 309 |
| – impaired | 2 179 456 | 2 204 196 |
| – not impaired | 46 205 500 | 45 626 113 |
| Impairment write-offs | (1 364 913) | (1 460 928) |
| – for impaired exposures | (1 179 173) | (1 305 327) |
| – for incurred but not reported losses (IBNR) | (185 740) | (155 601) |
| Loans and advances to customers (net) | 47 020 043 | 46 369 381 |
18c. Loans and advances to customers portfolio by methodology of impairment assessment
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| 31.12.2016 | 31.12.2015 | |
|---|---|---|
| Loans and advances to customers (gross) | 48 384 956 | 47 830 309 |
| – case by case analysis | 838 560 | 940 590 |
| – collective analysis | 47 546 396 | 46 889 719 |
| Impairment write-offs | (1 364 913) | (1 460 928) |
| – on the basis of case by case analysis | (382 036) | (561 994) |
| – on the basis of collective analysis | (982 877) | (898 934) |
| Loans and advances to customers (net) | 47 020 043 | 46 369 381 |
18d. Loans and advances to customers portfolio by customers
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| 31.12.2016 | 31.12.2015 | |
|---|---|---|
| Loans and advances to customers (gross) | 48 384 956 | 47 830 309 |
| – corporate customers | 14 300 739 | 14 215 133 |
| – private individuals | 34 084 217 | 33 615 176 |
| Impairment write-offs | (1 364 913) | (1 460 928) |
| – for receivables from corporate customers | (522 324) | (751 705) |
| – for receivables from private individuals | (842 589) | (709 223) |
| Loans and advances to customers (net) | 47 020 043 | 46 369 381 |
18e. Loans and advances to customers by maturity
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| 31.12.2016 | 31.12.2015 | |
|---|---|---|
| Current accounts | 3 619 866 | 3 545 751 |
| to 1 month | 936 460 | 903 158 |
| above 1 month to 3 months | 1 668 413 | 1 840 100 |
| above 3 months to 1 year | 4 453 263 | 4 265 324 |
| above 1 year to 5 years | 14 293 770 | 13 360 948 |
| above 5 years | 22 166 560 | 22 630 875 |
| past due | 969 885 | 1 003 388 |
| Interest | 276 739 | 280 765 |
| Total gross | 48 384 956 | 47 830 309 |
18f. Loans and advances to customers by currency
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| 31.12.2016 | 31.12.2015 | |
|---|---|---|
| in Polish currency | 26 909 662 | 26 345 721 |
| in foreign currencies (after conversion to PLN) | 21 475 294 | 21 484 588 |
| – currency: USD | 80 387 | 69 546 |
| – currency: EUR | 3 124 448 | 2 770 764 |
| – currency: CHF | 18 261 339 | 18 630 638 |
| – currency: JPY | 2 457 | 8 520 |
| – other currencies | 6 663 | 5 120 |
| Total gross | 48 384 956 | 47 830 309 |
18g. Change of impairment write-offs for loans and advances to customers
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| 01.01.2016 – 31.12.2016 | 01.01.2015 – 31.12.2015 | |
|---|---|---|
| Balance at the beginning of the period | 1 460 928 | 1 358 255 |
| Change in value of provisions: | (96 015) | 102 673 |
| Impairment write-offs created in the period | 613 932 | 724 872 |
| Amounts written off | (63 989) | (73 430) |
| Impairment write-offs released in the period | (358 671) | (440 062) |
| Sale of receivables | (283 375) | (118 773) |
| Changes resulting from FX rates differences | 5 994 | 10 466 |
| Other | (9 906) | (400) |
| Balance at the end of the period | 1 364 913 | 1 460 928 |
18h. Financial leasing receivables
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| 31.12.2016 | 31.12.2015 | |
|---|---|---|
| Financial leasing receivables (gross) | 5 650 293 | 5 139 729 |
| Unrealised financial income | (388 961) | (362 617) |
| Financial leasing receivables (net) | 5 261 332 | 4 777 112 |
| Financial leasing receivables (gross) by maturity | ||
| Under 1 year | 2 008 958 | 1 873 276 |
| From 1 year to 5 years | 3 347 977 | 2 937 151 |
| Above 5 years | 293 358 | 329 302 |
| Total | 5 650 293 | 5 139 729 |
| Financial leasing receivables (net) by maturity | ||
| Under 1 year | 1 850 719 | 1 731 487 |
| From 1 year to 5 years | 3 136 002 | 2 740 614 |
| Above 5 years | 274 611 | 305 011 |
| Total | 5 261 332 | 4 777 112 |
The main groups of items financed through leasing are the means of transport (tractors, trailers, trucks, vans, cars, etc.), machinery and equipment, computers as well as industrial and commercial real estate. The leasing portfolio of the Group includes contracts in which fees are set in PLN or are linked to EUR exchange rate (foreign exchange contracts denominated in EUR) as well as associated with market interest rates (floating-products), or independent from them (fixed rate products). Agreements with customers are concluded for term from 1 year to 10 years. Offered lease agreements provide a diverse client’s own contribution and the final value of the object, as well as a diverse amount of lease payments, e.g., depending on seasonality. After the end of the lease, a customer is obliged to buy the item at a final price specified at the time of the conclusion of the agreement. The object during the entire lease term is owned by the Group and constitutes a major collateral of lease payments.