19. Cash and cash equivalents
Significant accounting policies
Cash and cash equivalents include cash in hand, amounts due from the National Bank of Poland, as well as amounts due from banks with a maturity of up to 3 months. Principles of classification and measurement are described in the Note 5.4.
Financial data
Cash and cash equivalents
The currency structure for the ‘Current account and deposit at Central Bank’ item is presented in the 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 2023 the interest rate of funds held on the mandatory reserve account is at 5.75% (as at 31 December 2022 – 6.75%).
Wartość środków pieniężnych i ich ekwiwalentów o ograniczonej możliwości dysponowania wyniosła na dzień 31 grudnia 2023 roku 8 373 mln złotych (as at 31 December 2022 – PLN 7 928 million).