17. Cash and balances with central bank

 
  31.12.2014 31.12.2013
Cash in hand 372 987 250 696
Current account 2 681 562 1 399 771
Total cash and balances with the Central Bank (Note 43) 3 054 549 1 650 467
prev next

 

On the basis of the Act on the National Bank of Poland of 29 August 1997, mBank and mBank Hipoteczny hold a mandatory reserve deposit. The arithmetic mean of daily balances of the mandatory reserve which mBank and mBank Hipoteczny were obliged to maintain during a given period in the current account with NBP amounted to:

  • PLN 2 123 204 thousand for the period from 31 December 2014 to 1 February 2015,
  • PLN 1 851 071 thousand for the period from 31 December 2013 to 30 January 2014,

As at 31 December 2014, the former part of the reserve bore 1.8% interest (31 December 2013: 2.48%).