25. Assets pledged as security for liabilities

Significant accounting policies

In the financial statement, the Group presents separately assets securing liabilities, where the recipient has the right to sell these assets or exchange them for another security.

Classification of assets to individual measurement categories is made in accordance with the principles of determining the business model and assessing the characteristics of the contractual cash flows, referred to in the Note 5.4.

Financial data

TYPE OF TRANSACTION AS AT 31.12.2023	SECURITY	CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES)	NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES	VALUE OF LIABILITIES SUBJECT TO SECURITY
Repo transactions	Bonds held for trading (measured at fair value through profit or loss)	–	–	–
Repo transactions	Bonds measured at fair value through other comprehensive income	1,648	1,657	1,649
Total		1,648	1,657	1,649

TYPE OF TRANSACTION AS AT 31.12.2022	SECURITY	CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES)	NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES	VALUE OF LIABILITIES SUBJECT TO SECURITY
Repo transactions	Bonds held for trading (measured at fair value through profit or loss)	51	56	51
Repo transactions	Bonds measured at fair value through other comprehensive income	879	914	879
Total		930	970	930

The collateral is established in line with the applicable money market standards for this type of transaction.

Apart from assets pledged as security for liabilities presented separately in the financial statement, the Group also identifies liabilities do not meet the criterion of separate presentation in accordance with IFRS 9.

TYPE OF TRANSACTION AS AT 31.12.2023	SECURITY	CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES	NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES	VALUE OF LIABILITIES SUBJECT TO SECURITY
Coverage of Fund for protection of guaranteed assets to the benefit of the Bank Guarantee Fund	Bonds	725	710	–
Coverage of payment commitments to the guarantee fund for the Bank Guarantee Fund	Bonds	308	300	173
Coverage of payment commitments to the resolution fund for the Bank Guarantee Fund	Bonds	625	654	372
Lombard and technical loan	Bonds	8,425	8,462	–
Other loans	Bonds	61	62	53
Debt securities issued	Loans, bonds	1,440	1,457	1,055
Coverage of the Guarantee Fund for the Settlement of Stock Exchange Transactions to Central Securities Depository (KDPW)	Cash deposits	53	53	–
Derivatives	Bonds	24	24	–
Uncommitted Collateralized Intraday Technical Overdraft Facility Agreement	Bonds	27	30	–

Apart from assets pledged as security for liabilities presented separately in the financial statement, the Group also identifies liabilities do not meet the criterion of separate presentation in accordance with IFRS 9.

TYPE OF TRANSACTION AS AT 31.12.2022	SECURITY	CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES	NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES	VALUE OF LIABILITIES SUBJECT TO SECURITY
Coverage of Fund for protection of guaranteed assets to the benefit of the Bank Guarantee Fund	Bonds	741	710	–
Coverage of payment commitments to the guarantee fund for the Bank Guarantee Fund	Bonds	310	300	173
Coverage of payment commitments to the resolution fund for the Bank Guarantee Fund	Bonds	617	654	373
Lombard and technical loan	Bonds	6,483	6,648	–
Other loans	Bonds	276	284	207
Debt securities issued	Loans, bonds	1,262	1,297	944
Coverage of the Guarantee Fund for the Settlement of Stock Exchange Transactions to Central Securities Depository (KDPW)	Cash deposits	36	36	–
Derivatives	Bonds	37	36	15
Uncommitted Collateralized Intraday Technical Overdraft Facility Agreement	Bonds	28	33	–

The establishment of securities is a consequence of:

in the case of items relating to Bank Guarantee Fund – binding provisions of the Law on Banking Guaranty Fund BFG,
in the case of item relating to ‘Lombard and technical loan’ – policy and standards, applied by the National Bank of Poland NBP,
in case of issue of debt securities – binding provisions of the Law on Mortgage Bonds and Mortgage Banks,
in case of items relating to ‘Other loans’ and ‘Derivatives’ – terms and conditions of the agreement, entered between the Bank and its clients,
in case of item relating to Central Securities Depository KDPW – with the status of the clearing member for brokerage transactions.

25. Assets pledged as security for liabilities

Significant accounting policies

Financial data

Search results