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2019 Financial
and Social Report

Credit risk adjustments (impairment and impairment charges)

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The Group’s strategy and policy applicable to impairment and recognizing impairment charges has been presented in the Yearly Financial Report section 3 “Credit risk” in the part 9 on financial risk management. It contains a detailed description of:

  • Organization of the process to identify and measure impairment of credit exposures in order to determine adjustments for specific and general credit risk
  • Analysis of individual impairment of credit receivables
  • Collective analysis of a credit portfolio (Art. 442 a-b)

Table EU CRB-A – Additional disclosure related to the credit quality of assets (442.a,b)

Information in that chapter and the indicated above documents are disclosed according to the requirements of Table EU CRB-A – Additional disclosure related to the credit quality of assets (EBA/GL/2016/11).

XLS
Gross carrying values of Specific credit risk adjustment General credit risk adjustment Accumulated write-offs Credit risk adjustment charges of the period Net values
Defaulted exposures Non-defaulted exposures (a+b-c-d)
1 Central governments or central banks 0 0 0 0 0 0 0
2 Institutions 0 0 0 0 0 0 0
3 Corporates 0 0 0 0 0 0 0
4 of which: Specialized lending 0 0 0 0 0 0 0
5 of which: SMEs 0 0 0 0 0 0 0
6 Detail 941 538 34 632 438 572 336 32 648 0 604 984 34 968 992
7 Secured by real estate property 832 560 30 326 852 463 691 16 387 0 480 078 30 679 334
8 *SME’s 174 39 188 200 164 0 364 38 998
9 *Non-SME’s 832 386 30 287 664 463 491 16 223 0 479 714 30 640 336
10 Qualifying revolving 108 979 4 305 585 108 645 16 261 0 124 906 4 289 658
11 Other retail 0 0 0 0 0 0 0
12 *SME’s 0 0 0 0 0 0 0
13 Non-SME’s 0 0 0 0 0 0 0
14 Equity 0 0 0 0 0 0 0
15 Total IRB approach 941 538 34 632 438 572 336 32 648 0 604 984 34 968 992
16 Central governments or central banks 0 24 518 701 0 0 0 0 24 518 701
17 Regional governments or local authorities 0 288 537 0 178 0 178 288 359
18 Public sector entities 0 85 095 0 216 0 217 84 878
19 Multilateral development banks 0 176 117 0 0 0 0 176 117
20 International organizations 0 0 0 0 0 0 0
21 Institutions 0 901 507 0 0 0 0 901 506
22 Corporates 652 554 21 366 582 321 564 151 809 0 473 374 21 545 763
23 of which: SME’s 333 797 12 229 198 150 603 84 492 0 235 095 12 327 900
24 Retail 1 737 969 21 469 299 815 234 132 935 10 942 948 169 22 259 099
25 of which: SME’s 219 042 2 558 370 135 040 11 543 0 146 583 2 630 829
26 Secured by mortgages on immovable property 40 800 4 178 633 4 383 4 628 0 9 011 4 210 422
27 of which: SME’s 299 0 0 0 0 0 299
28 Exposures in default 2 398 123 0 994 199 96 10 799 994 295 1 403 828
29 Items associated with particularly high risk 7 600 44 7 600 0 0 7 600 44
30 Covered bonds 0 0 0 0 0 0 0
31 Claims on institutions and corporates with a short-term credit assessment 0 0 0 0 0 0 0
32 Collective investments undertakings 0 0 0 0 0 0 0
33 Equity exposures 0 199 419 0 0 0 0 199 419
34 Other exposures 0 3 293 266 1 083 913 0 0 1 083 913 2 209 353
35 Total standarized approach 2 398 123 72 298 567 2 228 311 285 140 10 942 2 513 450 72 183 240
36 Total 3 339 661 106 931 005 2 800 647 317 788 10 942 3 118 435 107 152 232
37 of which: loans 3 327 066 77 914 427 1 709 134 317 788 10 942 2 026 922 79 214 571
38 of which: debt securities 4 996 22 764 920 0 0 0 0 22 769 916
39 of which: off-balance sheet 34 154 9 578 012 19 705 33 687 10 942 53 392 9 558 774
XLS
Gross carrying values of Specific credit risk adjustment General credit risk adjustment Accumulated write-offs Credit risk adjustment charges of the period Net values
Defaulted exposures (*) Non-defaulted exposures (*) (a+b-c-d)
1 Agriculture, forestry and fishing 14 438 99 733 11 377 549 0 11 926 102 245
2 Mining and quarrying 955 79 608 826 252 0 1 079 79 484
3 Manufacturing 318 767 6 779 830 136 199 45 039 0 181 238 6 917 359
4 Electricity, gas, steam and air conditioning supply 501 445 100 514 6 109 0 6 622 438 979
5 Water supply 2 240 207 132 1 404 1 016 0 2 420 206 952
6 Constructiom 102 094 1 629 152 63 856 13 264 0 77 120 1 654 126
7 Wholesale and retail trade 167 011 7 050 092 100 981 46 392 0 147 373 7 069 730
8 Transport and storage 69 802 2 728 294 36 703 10 249 0 46 952 2 751 144
9 Accomodation and food service activities 30 839 188 718 13 532 1 534 0 15 066 204 491
10 Information and communication 5 342 924 655 3 764 8 009 0 11 772 918 225
11 Financial and insurance activities 7 379 463 095 5 032 3 510 0 8 542 461 932
12 Real estate activities 36 095 1 173 892 5 115 10 427 0 15 542 1 194 444
13 Professional, scientific and technical activities 46 863 904 786 33 003 9 245 0 42 249 909 400
14 Administrative and support services activities 41 938 761 866 35 515 3 053 0 38 568 765 236
15 Public administration and defence, compulsory social security 0 269 789 0 179 0 179 269 611
16 Education 2 183 85 759 1 509 334,0838562 0 1 844 86 098
17 Human healyh services and social work acivities 1 608 217 769 1 231 2 205 0 3 436 215 941
18 Arts, entertainment and recreation 1 981 38 694 1 254 264,6016722 0 1 518 39 157
19 Other services 2 574 52 829 1 937 321,6613378 0 2 259 53 144
20 Total 852 609 24 100 795 453 753 161 954 0 615 706 24 337 698
XLS
Gross carrying values of Specific credit risk adjustment General credit risk adjustment Accumulated write-offs Credit risk adjustment charges of the period Net values
Defaulted exposures Non-defaulted exposures (a+b-c-d)
1 European Union (EU) 14 477 1 113 966 10 139 3 451 39 13 590 1 114 853
2 Poland 3 239 025 104 470 116 2 722 583 307 077 10 896 3 029 660 104 679 481
3 Other EU countries 32 674 602 004 25 809 4 806 0 30 615 604 063
4 Other geographical areas 53 485 744 918 42 115 2 454 8 44 569 753 834
5 Total 3 339 661 106 931 005 2 800 647 317 788 10 942 3 118 435 107 152 232
XLS
Accumulated specific credit risk adjustment Accumulated general credit risk adjustment
1 Opening balance 1 763 891
2 Increases due to amounts set aside for estimated loan losses during the period 1 195 021
3 Decreases due to amounts reversed for estimated loan losses during the period -754 495
4 Decreases due to amounts taken against accumulated credit risk adjustments -302 481
5 Transfers between credit risk adjustments 0
6 Impact of exchange rate differences 5 179
7 Business combinations, including acquisitions and disposals of subsidiaries 0
8 Other adjustments 59 560
9 Closing balance 1 966 675
10 Recoveries on credit risk adjustments recorded directly to the statement of profit or loss 36 672
11 Specific credit risk adjustments directly recorded to the statement of profit or loss 2 035
XLS
Gross carrying values defaulted exposures
1 Opening balance 1 464 395
2 Loans and debt securities that have defaulted or impaired since the last reporting period 1 388 074
3 Returned to non-defaulted status 167 497
4 Amounts written off
5 Other changes
6 Closing balance 2 684 972

The Group has presented the distribution of the key receivables portfolio by the residual maturity for main exposure types: deposits and loans granted to banks and other monetary institutions (Note 22 to the Yearly Financial Report), loans and borrowings granted to customers (Note 21 to the Yearly Financial Report). (Art. 442.f).

At the same time, in the chapter “Credit risk” in the Yearly Financial Report and the Management Board Report, the Bank/Group presents a general assessment of the credit risk level and assessment of changes in this respect, along with key asset quality indicators. It also presents an assessment of concentration levels in the credit portfolio. broken down into product types and industries.

The agreed changes in the impairment and impairment charges are presented in the Notes (21) to the Yearly Financial Report. (Art. 442.i)

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