19. Cash and balances with Central Bank
[Financial notes are presented in PLN thousand]
Significant accounting policies
Principles of classification and measurement are described in Note 5.4.
Financial data
Cash and due from Central Bank
| 31.12.2022 | 31.12.2021 | |
|---|---|---|
| Cash | 4 316 728 | 3 699 683 |
| Current account at Central Bank | 7 935 484 | 996 945 |
| Deposits | 1 191 833 | – |
| Other | 110 | 67 |
| Gross carrying amount | 13 444 155 | 4 696 695 |
| Impairment allowances | (7 821) | (75) |
| Net carrying amount | 13 436 334 | 4 696 620 |
The currency structure for the Cash and due from Central Bank item is presented in Note 46.4 in the section on currency risk.
Bank is required to held on current account in the Central Bank the average monthly balance comply with the mandatory reserve declaration.
As at 31 December 2022 the interest rate of funds held on the mandatory reserve account is at 6.75 % (as at 31 December 2021 – 1.75%).