23. Loans and advances to customers
[Financial notes are presented in PLN thousand]
Significant accounting policies
Loans and advances to customers include amounts due from loans and advances granted, finance lease and factoring receivables.
Loans and advances to customers are classified in the individual measurement categories in accordance with the principles for selecting the business model and evaluating the characteristics of contractual cash flows referred to in Note 5.4.
Accounting policies used for finance lease receivables are described in Note 12 and Note 40.
Financial data
Loans and advances to customers by product type
| 31.12.2022 | ||||
|---|---|---|---|---|
| AMORTISED COST | FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | FAIR VALUE THROUGH PROFIT OR LOSS | TOTAL | |
| Mortgage loans | 75 136 487 | 257 | 9 262 | 75 146 006 |
| Current accounts | 14 439 605 | – | – | 14 439 605 |
| Operating loans | 12 575 920 | – | 11 647 | 12 587 567 |
| Investment loans | 26 768 715 | 253 440 | 11 396 | 27 033 551 |
| Cash loans | 12 767 146 | – | – | 12 767 146 |
| Payment cards receivables | 1 090 998 | – | – | 1 090 998 |
| Financial leasing | 9 900 109 | – | – | 9 900 109 |
| Factoring | 7 896 200 | – | – | 7 896 200 |
| Other loans and advances | 6 374 851 | – | 151 615 | 6 526 466 |
| Reverse repo transactions | 1 337 846 | – | – | 1 337 846 |
| Cash in transit | 37 490 | – | – | 37 490 |
| Gross carrying amount | 168 325 367 | 253 697 | 183 920 | 168 762 984 |
| Impairment allowances (*) (**) | (10 041 994) | – | – | (10 041 994) |
| Carrying amount | 158 283 373 | 253 697 | 183 920 | 158 720 990 |
(*) The impairment allowance for loans and advances to customers measured at fair value through other comprehensive income in the amount of PLN 3 431 thousand is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 1 724 895 thousand.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 1 724 895 thousand.
Loans and advances to customers by product type
| 31.12.2021 | ||||
|---|---|---|---|---|
| AMORTISED COST | FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | FAIR VALUE THROUGH PROFIT OR LOSS | TOTAL | |
| Mortgage loans | 79 499 810 | 130 688 | 12 035 | 79 642 533 |
| Current accounts | 11 319 765 | – | – | 11 319 765 |
| Operating loans | 12 738 985 | – | 13 720 | 12 752 705 |
| Investment loans | 24 257 384 | 115 141 | 14 979 | 24 387 504 |
| Cash loans | 13 432 675 | – | – | 13 432 675 |
| Payment cards receivables | 1 055 195 | – | – | 1 055 195 |
| Financial leasing | 8 648 948 | – | – | 8 648 948 |
| Factoring | 7 143 838 | – | – | 7 143 838 |
| Other loans and advances | 7 318 872 | – | 119 645 | 7 438 517 |
| Reverse repo transactions | 969 705 | – | – | 969 705 |
| Cash in transit | 138 524 | – | – | 138 524 |
| Gross carrying amount | 166 523 701 | 245 829 | 160 379 | 166 929 909 |
| Impairment allowances (*) (**) | (7 701 153) | – | – | (7 701 153) |
| Carrying amount | 158 822 548 | 245 829 | 160 379 | 159 228 756 |
(*) The impairment allowance for loans and advances to customers measured at fair value through other comprehensive income in the amount of PLN 3 877 thousand is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 496 022 thousand.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 496 022 thousand.
Loans and advances to customers by customer type
| 31.12.2022 | ||||||
|---|---|---|---|---|---|---|
| AMORTISED COST | FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (*) | FAIR VALUE THROUGH PROFIT OR LOSS | TOTAL | |||
| GROSS CARRYING AMOUNT | IMPAIRMENT ALLOWANCES (**) | CARRYING AMOUNT | ||||
| Corporate | 89 346 720 | (5 944 032) | 83 402 688 | 253 697 | 18 218 | 83 674 603 |
| Individuals | 77 272 224 | (3 976 483) | 73 295 741 | – | 151 615 | 73 447 356 |
| Budget entities | 1 706 423 | (121 479) | 1 584 944 | – | 14 087 | 1 599 031 |
| Loans and advances to customers | 168 325 367 | (10 041 994) | 158 283 373 | 253 697 | 183 920 | 158 720 990 |
(*) The impairment allowance for loans and advances to customers measured at fair value through other comprehensive income in the amount of PLN 3 431 thousand is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 1 724 895 thousand.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 1 724 895 thousand.
| 31.12.2022 | ||||||
|---|---|---|---|---|---|---|
| AMORTISED COST | FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (*) | FAIR VALUE THROUGH PROFIT OR LOSS | TOTAL | |||
| GROSS CARRYING AMOUNT | IMPAIRMENT ALLOWANCES (**) | CARRYING AMOUNT | ||||
| Corporate | 81 344 974 | (4 981 129) | 76 363 845 | 245 829 | 24 169 | 76 633 843 |
| Individuals | 82 910 593 | (2 598 088) | 80 312 505 | – | 119 645 | 80 432 150 |
| Budget entities | 2 268 134 | -121 936 | 2 146 198 | – | 16 565 | 2 162 763 |
| Loans and advances to customers | 166 523 701 | (7 701 153) | 158 822 548 | 245 829 | 160 379 | 159 228 756 |
(*) The impairment allowance for loans and advances to customers measured at fair value through other comprehensive income in the amount of PLN (*) The impairment allowance for loans and advances to customers measured at fair value through other comprehensive income in the amount of PLN 3 877 thousand is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 496 022 thousand.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 496 022 thousand.
Loans and advances to customers by contractual maturity
| 31.12.2022 | ||||
|---|---|---|---|---|
| AMORTISED COST | FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | FAIR VALUE THROUGH PROFIT OR LOSS | TOTAL | |
| Loans and advances to customers, including: | ||||
| up to 1 month | 24 389 361 | 722 | 1 868 | 24 391 951 |
| between 1 and 3 months | 6 869 246 | 2 692 | 4 985 | 6 876 923 |
| between 3 months and 1 year | 17 357 335 | 62 144 | 19 271 | 17 438 750 |
| between 1 and 5 years | 51 802 137 | 188 139 | 128 565 | 52 118 841 |
| over 5 years | 62 005 481 | – | 24 802 | 62 030 283 |
| past due | 5 901 807 | – | 4 429 | 5 906 236 |
| Gross carrying amount | 168 325 367 | 253 697 | 183 920 | 168 762 984 |
| Impairment allowances (*) (**) | (10 041 994) | – | – | (10 041 994) |
| Carrying amount | 158 283 373 | 253 697 | 183 920 | 158 720 990 |
(*) The impairment allowance for loans and advances to customers measured at fair value through through other comprehensive income in the amount of PLN 3 431 thousand is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 1 724 895 thousand.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 1 724 895 thousand.
| 31.12.2021 | ||||
| AMORTISED COST | FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | FAIR VALUE THROUGH PROFIT OR LOSS | TOTAL | |
| Loans and advances to customers, including: | ||||
| up to 1 month | 19 072 011 | – | 2 053 | 19 074 064 |
| between 1 and 3 months | 5 807 695 | 5 848 | 5 970 | 5 819 513 |
| between 3 months and 1 year | 18 967 614 | 146 904 | 20 128 | 19 134 646 |
| between 1 and 5 years | 54 739 486 | 93 077 | 99 275 | 54 931 838 |
| over 5 years | 61 517 258 | – | 29706 | 61 546 964 |
| past due | 6 419 637 | – | 3 247 | 6 422 884 |
| Gross carrying amount | 166 523 701 | 245 829 | 160 379 | 166 929 909 |
| Impairment allowances (*) (**) | (7 701 153) | – | – | (7 701 153) |
| Carrying amount | 158 822 548 | 245 829 | 160 379 | 159 228 756 |
(*) The impairment allowance for loans and advances to customers measured at fair value through through other comprehensive income in the amount of PLN 3 877 thousand is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 496 022 thousand.
(**) Including the provision for legal risk regarding foreign currency mortgage loans in the amount of PLN 496 022 thousand.
The currency structure for the Loans and advances to customers item is presented in Note 46.4 in the section on currency risk.
Receivables from finance leases
As a lessor, the Group concludes contracts classified as finance leases, the main subject of which are means of transport, machinery and technical equipment. The main lessor in the Group is Pekao Leasing Sp. z o.o.
In 2022, the Group recognized a gain on sale of the right-of-use assets in the amount of PLN 4 218 thousand (in 2021 a gain amounted to PLN 2 071 thousand PLN), presented in ‘Other operating income’.
In 2022, the Group recognized interest income on finance lease receivables in the amount of PLN 571 997 thousand (in 2021 – PLN 239 749 thousand).
The tables below present the maturity analysis of lease receivables, presenting the undiscounted lease payments to be received after the balance sheet date.
| FINANCE LEASES UNDER IFRS 16 | 31.12.2022 | 31.12.2021 |
|---|---|---|
| Up to 1 year | 3 733 961 | 3 052 540 |
| Between 1 and 2 years | 2 780 145 | 2 271 359 |
| Between 2 and 3 years | 2 068 204 | 1 677 441 |
| Between 3 and 4 years | 1 169 233 | 1 022 399 |
| Between 4 and 5 years | 627 969 | 505 941 |
| Over 5 years | 869 600 | 756 650 |
| Total undiscounted lease payments | 11 249 112 | 9 286 330 |
| Unearned interest income | (1 349 003) | (637 382) |
| Net investment in the lease | 9 900 109 | 8 648 948 |
| Impairment allowances | (201 155) | (175 703) |
| Carrying amount | 9 698 954 | 8 473 245 |