Financial and
ESG report 2020

Amount ‘000 PLN 31.12.2020 31.12.2019
Off-balance conditional commitments granted and received 15 722 748 12 169 901
Commitments granted: 14 177 193 11 629 618
loan commitments 12 420 910 9 883 053
guarantee 1 756 283 1 746 565
Commitments received: 1 545 555 540 284
financial 0 0
guarantee 1 545 555 540 284

The granted conditional commitments presented in the table above comprise commitments to grant credit (such as: unutilised credit card limits, unutilised current account overdraft facilities, unutilised tranches of investment loans) and issued guarantees and Letters of Credit (securing performance by customers of the Group of their obligations to third parties). The value of above-presented guarantee commitments presents the maximum value of a loss, which may be incurred by the Group, should the customers default on their obligations. The Group creates provisions for impaired irrevocable conditional commitments, reported in the “provisions” item under liabilities in the balance-sheet. The provision value is determined as the difference between the estimated amount of utilised conditional exposure and the present value of expected future cash flows under this credit exposure. In this context, the Group considers that the values presented in the above table are similar to the fair value of contingent liabilities.

The breakdown by entity of all net guarantee liabilities, reported in off-balance sheet items is presented in the table below:

Customer – sector 31.12.2020 31.12.2019
financial sector 83 590 57 688
non-financial sector (companies) 1 671 080 1 681 844
public sector 1 613 7 033
Total 1 756 283 1 746 565

Guarantees and sureties granted to Clients

Commitments granted 31.12.2020 31.12.2019
Active guarantees and sureties 965 823 913 989
Lines for guarantees and sureties 794 752 838 140
Total 1 760 575 1 752 129
Provisions created (4 292) (5 564)
Commitments granted – guarantee after provisions 1 756 283 1 746 565

The structure of liabilities under active guarantees and sureties divided by particular criteria are presented by the tables below (PLN’000):

By currency 31.12.2020 31.12.2019
PLN 674 840 681 522
Other currencies 290 983 232 467
Total: 965 823 913 989

By type of commitment 31.12.2020 31.12.2019
Number Amount Number Amount
Guarantee 3 420 943 304 3 389 883 234
Surety 0 0 0 0
Re-guarantee 44 22 519 43 30 755
Total: 3 464 965 823 3 432 913 989

By object of the commitment 31.12.2020 31.12.2019
Number Amount % share Number Amount % share
good performance of contract 2 663 492 191 50.96% 2 588 471 534 51.60%
punctual payment for goods or services 298 229 175 23.73% 313 248 097 27.14%
bid bond 156 11 091 1.15% 159 17 301 1.89%
rent payment 222 99 120 10.26% 253 59 803 6.54%
advance return 47 53 738 5.56% 44 35 011 3.83%
customs 44 68 628 7.11% 41 66 698 7.30%
other 21 2 666 0.28% 21 4 887 0.53%
payment of bank loan 13 9 214 0.95% 13 10 658 1.17%
Total: 3 464 965 823 100.00% 3 432 913 989 100.00%

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