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2019 Financial
and Social Report

Encumbered assets

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.

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XLS
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 1 196 643 1 196 643 96 859 299 96 859 299
Debt securities 325 157 325 157 22 540 551 22 540 551
Of which issued by general and local governments 325 157 325 157 21 261 539 21 261 539
Other assets* 871 486 871 486 74 318 748 74 318 748
Of which: deposits in other banks and loans and advances to other banks** 345 035 345 035 439 242 439 242
* „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
XLS
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 1 196 643 0
XLS
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 667 270 437 265
Of which: derivative transactions 576 806 346 553

Additional information (Template D)

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

  • main sources of encumbrance were presented in the below table with data on encumbered assets as at 31 December, 2019; information in that format is disclosed in yearly financial reports with quarterly frequency,
  • assets in the below table in lines 2 and 5 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in templates A, B i C because they may not be linked with a specific transaction, nevertheless they may not be freely withdrawn.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.
XLS
No. Type of assets Portfolio 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 130 000 131 453
2. Treasury bonds WZ0121 Held to Collect and for Sale Securing the Fund for Protection of Funds Guaranteed as part of the Bank Guarantee Fund 358 000 362 002
3. Central Bank bills NBP_030120 Held to Collect and for Sale Security of payment obligation to BFG contribution – guarantee fund 51 750 51 746
4. Central Bank bills NBP_030120 Held to Collect and for Sale Security of payment obligation to BFG contribution – compulsory resolution fund 51 250 51 246
5. Cash receivables Payment to the Security Fund OTC-KDPW_CCP 7 243 7 243
6. Cash receivables Settlement on transactions concluded 1 518 1 518
7. Deposits Deposits in banks Settlement on transactions concludedz tytułu zawartych transakcji 345 035 345 035
8. Leasing receivables Loans and advances Millennnium Leasing loans 524 932 524 932
Total 1 469 728 1 475 175

Encumbered assets of the Group presented in the above table are at the same time encumbered assets of the Bank, with exception of the position 8, which regards encumbered assets of the Bank’s subsidiary.

Encumbered assets of the Group are denominated in PLN, with exception of deposits placed as a settlement of derivative transactions (point 7 of the above table), which are concluded mostly in EUR.

Additionally, as at December 31, 2019, 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 90,453 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.

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