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2018 Financial and Social Report

The following information on encumered assets is presented based on Commission Delegated Regulation (EU) No 2017/2295 supplementing CRR with regard to regulatory technical standards for disclosure of encumbered and unencumbered assets.

Carrying amount of encumbered assets Fair value of encumbered assets Carrying amount of unencumbered assets Fair value of unencumbered assets
Assets of the reporting institution 546 934 546 934 72 661 865 72 661 865
Debt securities 294 201 294 201 18 709 958 18 709 958
Of which issued by general and local governments 240 261 240 261 17 025 926 17 025 926
Other assets* 252 733 252 733 53 951 907 53 951 907
Of which: deposits in other banks and loans and advances to other banks** 252 733 252 733 271 434 271 434

 

* „Other assets” covers all on-balance sheet exposures excluding debt securities

** collateral placed in other banks regarding derivatives transactions are presented in that item as encumbered assets

Fair value of encumbered collateral received or own debt securities issued Unencumbered, fair value of collateral received or own debt securities issued available for encumbrance
Assets, collateral received and own debt securities issued 546 934 72 661 865
Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered
Carrying amount of selected financial liabilities 500 568 283 510
Of which: derivative transactions 469 770 252 733

Additional information (Template D)

Information presented in the templates A, B and C were presented based on the following rules:

  • qualtitative data was calculated as a median of amounts as of ends of the 2018 quarters,
  • main sources of encumbrance were presented in the below table with data on encumbered assets as at 31 December, 2018; information in that format is disclosed in yearly financial reports with quarterly frequency,
  • assets in the below table in lines 2, 5, 6 and 7 were not presented in templates A, B i C because they may not be linked with a specific transaction, nevertheless they may not be freely withdrawn. That approach is used by the Bank in case of fulfilling reporting requirements about unencumbered assets, according to the appendix XVII to Regulatory Technical Standards (EU) No 680/2014.
Lp. Rodzaj aktywa Portfel Secured liability Par value of assets Balance sheet value of assets
1. Treasury bonds WZ0121 Held to Collect and for Sale Lombard credit granted to the Bank by the NBP 130 000 131 630
2. Treasury bonds WZ0120 Held to Collect and for Sale Initial security deposit for bond futures 500 507
3. Treasury bonds WZ0120 Held to Collect and for Sale Securing the Fund for Protection of Funds Guaranteed as part of the Bank Guarantee Fund 311 000 315 273
4. NBP bills NBP_040119 Held to Collect and for Sale Security of payment obligation to BFG contribution – guarantee fund 35 600 35 600
5. NBP bills NBP_040119 Held to Collect and for Sale Security of payment obligation to BFG contribution – compulsory resolution fund 27 100 27 100
6. Cash receivables Payment to the Futures Settlement Guarantee Fund 100 100
7. Cash receivables Payment to the Security Fund OTC-KDPW_CCP 2 583 2 583
8. Deposits placed Deposits in banks Settlement on transactions concluded 264 108 264 108
Total 770 991 776 901

Encumbered assets of the Group presented in the above table are at the same time encumbered assets of the Bank. Encumbrance between entities of the Group is not recognised.

Encumbered assets of the Group are denominated in PLN, with exception of deposits placed as a settlement of derivative transactions (point 10 of the above table), which are concluded mostly in EUR.

Additionally, as at December 31, 2018, the Group had concluded short-term transactions (usually settled within 7 days) of Treasury securities sale with a repurchase agreement, subject of securities worth PLN 50,295 thousand.

Considering values, the level of assets encumbrance of the Bank and the Group is immaterial and is not important for a model of financing of activity.